14 Jan Episode 49: People Still Don’t Understand Bitcoin How Do We Educate Them
Since its inception in 2009, Bitcoin has been challenging for many people to understand. And while millions of people today may have a basic understanding of this relatively new form of currency, many people still don’t truly understand Bitcoin, how it works, or why it’s a revolutionary way to purchase products and services.
In today’s episode, Bitboy discusses the recent social experiment he conducted on Youtube to learn what the general public really knows about Bitcoin. We discuss why we believe many people still prefer to receive cash instead of Bitcoin, why people still perceive it as an ‘untraceable’ currency used by criminals, and what the crypto community can do to help raise awareness and educate the public. We also discuss Bitboy’s crazy beard-trimming adventures as well as the upcoming Motorcycles on Meridian event that is scheduled to storm the downtown Indianapolis pavement this weekend.
“It’s not Bitcoin, itself, that’s become traceable. It’s that investigators, chainalysis, and cyber trace have actually figured out a way to track it through exchanges that use KYC.” - Bitboy
This week on Beards and Bitcoins:
Bitboy’s crazy beard-trimming adventures
Motorcycles on Meridian will be taking over the pavement this weekend in downtown Indianapolis
CEO of Overstock.com’s recent resignation
Controversial celebrities and business owners currently in the crypto community
Bitboy’s recent social experiment to learn what people truly understand about Bitcoin
Why many people still prefer to receive cash over Bitcoin
How the misconception that Bitcoin is an untraceable currency began
The current number of Bitcoin addresses that currently hold bitcoins vs the total number of Bitcoin addresses
How the crypto community can help advocate and educate others about Bitcoin
This episode is sponsored by MonarchPay. Crypto Starts Here.
MonarchPay is the world’s first decentralized recurring crypto payment service. Designed to make receiving and paying recurring crypto payments safer, faster, and easier for consumers and merchants alike.
To learn more about MonarchPay and how to get started, visit MonarchPay.com
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