Topic: Bitcoin and misinformation - page 8. (Read 1197 times)

Normally, we are all different; what it takes to convince Mr. A to do a particular thing is not what will be required of Mr. B. There are different classes of people in the world today, and the world is not just your country. You might be living in a first-world country with fancy tech, good info tech, and a lot of channels through which information and education about new technology can get easily passed to society, but in some other countries that don't have a good means of informing the whole society about a new technology, only those who have the opportunity to travel out to the cities around them would have more information about recent things than the others. I am living in one of the most beautiful cities in my country, and I know fully well that if I travel from here to my village and begin to ask some of the educated and uneducated youths and old people living there to invest in Bitcoin, they will first of all ask me what Bitcoin is, and if I can't show them any physical (asset) thing as Bitcoin, they will possibly think that I came from the city just to scam them. So, OP, there are people who still see Bitcoin as a scam, and the reason why it's so is because they don't have good knowledge about Bitcoin. If you see people like that who are willing to learn, then teach them if you have the time to spare.

you dont need to bombard them in techno-speak straight away

years ago the quickest way i convinced people was to order pizza/fast food with it. and while answering questions the food would arrive, they soon realised it was an accepted currency, then they got more interested in knowing the techno-speak stuff

these days the quickest way is to tell them about established institutions like blackrock. and how they have invested billions into bitcoin with all their projects and services. just show them their application to offer ETF shares rated in stored bitcoin. explain how blackrock spent years looking into the technicals and seen its a valid asset

The core reason why people think that Bitcoin is a scam is a lack of understanding. Not everyone understands the concept of Blockchain, some people hear the "chain" and think it's a cycle just like Ponzi while some others find something to read meaning into. However, the most recent and prevailing reason is fraudulent activities that go on with the help of Bitcoin (You can't blame Bitcoin, it's a currency, anyone can do what they want with it be it good or bad). Today there are a lot of scams out there and it's just too much that it obscures the view of newbies. All the hacking incidents that have happened are also a contribution somehow. So, for these reasons, many people just feel it is not a straight path and that it is a scam.

Bitcoin as the father of all cryptocurrency have hard it ups and down since it came into existence, but what I observe lately is the misinformation about Bitcoin that got me worried like in this time and age, people still take Bitcoin as a scam.

I wouldn't deny that in my early days of investment, I really was unconvinced by the presentation i had about Bitcoin, which I took it as one of these fraudster trying to milk the general public as mmm did, but with time, after doing some research and finding I discovered how misinformed I was about it.

Right now most people are like me years back, they are totally misinformed about Bitcoin, the best I do for them right now is to educate them about it, which some even told me what they think Bitcoin was, which is totally untrue about it.
but in as much as am trying to share knowledge about Bitcoin to those who lack it, I don't try to force it on anyone so they won't see me as a scam.