This video by Naomi Brockwell of ‘normies’ explaining Bitcoin reminds us there’s still a long way to go taking cryptocurrencies to the masses.
Let’s be honest. Between wild price swings, sensational hash wars, Ethereum forks, 51% attacks, and bearish regulators, it’s easy to get caught up in the crypto space. And it’s equally easy to forget that there’s a whole other world out there that’s blissfully unaware.
Brockwell is a TV producer, MC, and host of NBTV blockchain/tech show. She’s been making videos about Bitcoin since 2013 and was a policy associate at the New York Bitcoin Center from 2013 to 2015.
In the following video posted on her YouTube channel, she admits that she didn’t realize how little people outside of crypto knew about Bitcoin until now:
During the trip so far I have discovered that no one outside the crypto world knows anything about Bitcoin.
Here are some of the main takeaways:
There’s a Lot of Confusion About Bitcoin
Most people have heard of Bitcoin. But despite its price hovering around $4,000, that still doesn’t mean they know what it is. There’s still plenty of confusion generated upon hearing the word. “You can put any word in front of “coin” and you’ll get bitcoin,” said one interviewee.
He knew that it was money “on the internet,” but was unsure about how to send it, asking whether you could fax or email it to people. Perhaps his most interesting question of all was:
How do you get more than one bitcoin? Do they stack? Can you have more than one type of bitcoin?
There Are Plenty of Misconceptions
One of the participants in the car knew that Bitcoin is mined.