Examples Of Challenges & Confusions With Bitcoin at 30,000 ft on American Airlines Flight 1054

Tai: This is Tai Zen again and I’m broadcasting from 30,000 feet in the air. From Dallas, Fort Worth to Boston Logan Airport and on American flight 1054 American Airlines here. Thanks to American Airlines, this broadcast, they’re serving ginger ale. With me today, right next to me, my passenger seat is David. He is a high school teacher and he speaks multiple languages.

Tai: We had an interesting conversation about Bitcoin and I asked him for permission to record this and the reason why I wanted to record this conversation and share with everyone in the cryptocurrency world is because I want everyone to see that this is a common problem that we face with Bitcoin and all the altcoins whether it’s Dogecoin whether it’s NXT whether it’s Ethereum or Litecoin or any of the new coin that’s coming out.

I have this conversation with David, he is completely new to Bitcoin, he has never heard of it until a couple of weeks ago and he went online and did some research on it and keep in mind that David is school teacher, so he knows how to research he knows how to learn things and I want you guys to notice the the confusion that it still exists in the air with Bitcoin with him so let’s go ahead and get the conversation here started.

Tai: So first of all David, what I want to ask is what got you interested into Bitcoin, before you went online to start doing research, what did you see or what did you hear or what got your interest in Bitcoin?

David: I think I read somewhere in the newspaper or something that the first Bitcoin ATM was installed or was opened up somewhere I don’t even remember where and I think at that point I had never heard of Bitcoin. Then I heard it again like on NPR something on a radio broadcast and they explained it and I still didn’t get it and then I think a couple weeks later I heard of some sort of theft that involved Bitcoin, someone stole money of some sort. At that point I really was confused, I didn’t know what there was to steal other than the kind of email to get from Nigeria saying…

Tai: Scam emails.

David: Yeah, I really didn’t understand it so I looked it up I wouldn’t say I researched thoroughly I but I went and I probably looked at two or three sites and and still really didn’t get it I so I’ll repeat what told you before which was I understand that it’s some sort of currency that it’s traded and what I think are usually online exchanges with the exception now there are these ATMs. I think it’s the currency is not associated with any sovereign nation no country, it’s not regulated in any way and that is the extent of it. I don’t know enough I certainly don’t know enough to say oh that’s an interesting idea.

Well no let’s just put it this way, it sounds like an interesting idea but I don’t understand enough to dig any deeper and it’s certainly not something I wouldn’t consider spending any money on it at this moment I guess and I think frankly not that I’m sitting next to someone that that seems to know about it, I had gotten to the point where I’ve done all the research, still didn’t get it and said you know clearly it’s small community with people of specialized knowledge and it’s not for me and I was going to wait until someone else could explain it better.

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