Crypto 360°

Shower thought: The 'scammability' of Bitcoin will not increase linearly with adoption increase rather exponentially since the early adopters (who joined voluntarily) are harder to scam than the later tech-ignorant ones (who would be forced to join due to Bitcoin becoming a standard).

Elaboration (if needed): At this point in time, I would assume that the vast majority of BTC holders are also BTC savvy to some extent. Since BTC at this point is not obligatory, the individuals opting in are the individuals who know about Bitcoin and (hopefully) how not to get scammed or phished.

However, if Bitcoin becomes the main currency, it will pretty much need to be adopted by everyone, including the very old, very young, and tech-ignorant people.

For example: If Mr. Bad Guy has an 80-year old tech-ignorant neighbor, chances are at this point that he can't steal BTC from the old guy because the old guy doesn't have any. However, if Bitcoin becomes the currency for everyone, he can be sure that his 80-year-old tech-ignorant neighbor has BTC and with very little effort ("Hey, can I borrow your phone?") the old man will loose all his fortune.

This, of course, would be much less of an issue if Bitcoin would be traceable. I know I'm veering a bit from my own topic, but do you agree that if the world will run on a single unified currency, it should be a traceable one? (Sure, a non-traceable currency has its benefits, but for majority of the world population, there are more benefits than loses to tracabillity having tracabillity on their hard-earned life savings.)

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Crypto 360°

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