Topic: Bitcoin has a bad reputation (we should fix it) (Read 785 times)

To be honest, however we fix this, as long as there are big parties against Bitcoin, don't like it and want to drop Bitcoin, then this won't work. will continue to be repeated regarding negative Bitcoin news from time to time. Because it is also included in how someone wants to respond to something new. And usually they will believe more in what the social media tell, not from us who like to give a defense according to them.

How can you conclude that Bitcoin adoption is a bit slow?
It is true that Bitcoin has some bad reputations (bubble, criminal currency, no future, etc). Personally, I think the bad reputations are made by the haters. They don't want people to join/use Bitcoin massively. In fact, the bad reputations aren't proven yet, Bitcoin even has a better advantage than legal currencies. People who labeled Bitcoin with bad reputations don't want Bitcoin to replace legal currencies.

Anyway, the adoption looks good. Bitcoin even becomes legal tender in some countries. There will be more countries to consider Bitcoin as legal tenders as well. In some countries, Bitcoin can be used to pay for goods or services. So, I assume the adoption looks quite fast.

It is just people's assumptions, it doesn't mean a fact. We can't blame people, some of them may not know the truth. Some may be the haters who spread FUDs. This is something difficult to avoid, it will disappear once Bitcoin increases its popularity and be an important part of human life.

How to convince the people?
I think we have no effective ways to convince the people.
If Bitcoin continues to exist and develop, people will believe that Bitcoin is something good and necessary for human life.

To change the ill opinion of people towards Bitcoin I suggest enlightening younger ones like high school kids  this will help enhance their liking towards Bitcoin through teaching them about it and possibly giving them ways to earn with Bitcoins etc
Also we have to condemn fraud to the barest minimum as this will discourage those with little knowledge about Bitcoin due to fear of being defrauded them may not intend in engaging in Bitcoin

I think this is a statement that's got a bit of conjecture to it.  I know a lot of people who see bitcoin as having a great reputation.  Typically the problem is many people whom view bitcoin as "bad" typically simply do not understand it, how it works, what it is, and why it's a breakthrough technology.  I've met plenty of bitcoin pundits and have easily "schooled" them i.e. proved them wrong and every time I'm able to do so because they are straight up not versed on it.

Yes exactly, skeptical ones always try to find more fault even if you have circumvented one for him/her. But I think that's a good thing too because when you ask questions over and over again it represents the interest of the questioner and thus, in the end, most of them accept the good reputation of Bitcoin and blockchain. As the Op said, most people think of BTC as gambling but we who are already involved in it, know that it is gambling when we do it without proper analysis. Even in the real world when we start a business or invest in any assets we do a proper analysis which increases the profit rates and thus it's no more gambling.

No, they will not distrust fiat like BTC because Banks and Fiat are there from the beginning and had made people so dependent on them like people can not even think about other options. This looks like a matrix of which Andrew Tate was talking about  . But i have seen more people coming toward crypto and admiring other companies for making their payment systems to avail option of Crypto.

Agreed, But sometimes, these skeptical people are the product of the faulty education that we tried to give them because currently one of my cousin just got into University and one of his roommate is involved in trading then he asked me on weekend about trading. (he did not know about my experience with trading) so i tried to share both the good and bad sides of crypto trading, because if he walks on this journey then it should be his decision, not just because i have shown him some good profits. I have spent a hell lot of time in explaining crypto to others and every time i improve myself. like if someone ask me any question which i knew not i seek more time to answer them.

Instead, of misguiding them, because by doing that we are also creating skeptical people who think of BTC as bad and then i don't think there is any way to fix it in the near time.

To disassociate Bitcoin from its negative associations with gambling, illegal transactions, crime, and other negative activities, a great effort is needed. The negative framing that Bitcoin has received is largely due to media controlled by opposition forces. As a result, newcomers will immediately feel the negative aura surrounding Bitcoin.

Discussing the profits of investing in Bitcoin is not the right approach to attract people's interest and improve its reputation. Lately, I've noticed a lot of people flaunting their investment and trading gains as a means of enticing newcomers to learn about Bitcoin. Instead, we must campaign for Bitcoin's unique decentralized character. This can be achieved with the help of strong media support to change public perception of Bitcoin.

I see here that a multifaceted approach is urgently needed including education, regulation, and technological innovation, to change negative perceptions about Bitcoin and increase its adoption as a legitimate technology.

The decentralized nature of Bitcoin is one of its key features, which makes it difficult to regulate or control. Therefore, any attempt to address negative perceptions of Bitcoin must balance the need for increased security with protection of Bitcoin's unique features.

You are right to point out that Bitcoin's reputation has been negatively affected by misconceptions, including its connection to criminal activity, its instability and its use in online gambling. This misunderstanding has contributed to the slow adoption of Bitcoin as a legitimate technology.

I totally agree with you, there is nothing useful in trying to convince people who have a negative fixed idea about Bitcoin.
Back in time, there have been people opposed to the electrification of cities and villages, there have been people opposed to smartphones, social networks too. There are those who are opposed to Bitcoin and cryptos more generally.
Even with global adoption, there will always be a portion of people who are against Bitcoin.

It's not this category of people that it's useful to debate Bitcoin with, personally I think we're past the point where Bitcoin has a bad image. Drugs and guns have transferred to the environmental problems of mining. Once this is no longer the case, even for the detractors, there will be something else to blame on Bitcoin.
Who cares, it has never prevented or blocked the development of BTC, the share of humans who don't know about Bitcoin but are not opposed to it is still greater than the share opposed to Bitcoin.

In fact, there is no particular need to convince those who have already formed their opinion about bitcoin, it is just a waste of time at the current stage. There are a huge number of people who still do not have enough knowledge about bitcoin, and they are the ones who need to be told about it in the first place. Moreover, to to be told truthfully, with all the pros and cons, so that they eventually get the right idea about bitcoin, and so that they do not lose due to lack of awareness. And then, with the growing number of those who will benefit from the use of bitcoin, even those who now have a negative attitude towards it, doubts will begin to creep in, and they will also reconsider their attitude over time.

bitcoin doesn't have a bad reputation completely, it's a relief that those bad operators of bitcoin can get apprehended by security agencies. Like Pooya87, suggested it'll be difficult to have a currency that segregates criminals from genuine people. It was meant for victim to stay wise and be able to avoid scammers once they dictate them. If many bitcoin scam victims, which is also a bad reputation for Bitcoin, joined the forum or researched thoroughly about Bitcoin and what works and what doesn't work they wouldn't fall for some cheap scam threats. Once a person recommends a scam exchange to me I'll know immediately because it doesn't look real in the eye and also it's not popularly known in the market. And for the top brands in bitcoin that folds with lots of people's money, it's also a criterion to consider in the Bitcoin market, it has chased lots of investors away from the market. Hence, not everyone experience this hardship or disputes. That's why the market still grows, we need more people to understand the market, at least to reduce scam. But, for the illicit transaction going on the darkweb I don't think it can get terminated. Currency is used by both the good and bad.

This is all because of the Government trying to control us and preventing us for getting the freedom which bitcoin offers. They spread all this negative rumors and news to create fear among us. And that's how this kind of mindset has been established. Criminals use money, gold, and any other currency to do their dirty deals. Has the government ever considered banning them? No!
So why only crypto? It's all about creating a controlling environment.

I don't think this will ever change anything. People will find out new ways of doing things. You can not completely prevent anything regarding Bitcoin as it is decentralized. So it is better not to think about those and focus on the positive side. As I said, it's all about creating fear. So it will better to avoid these.

Bitcoin is used on dark sites because transactions can be done anonymously. and because of this Bitcoin is very popular for many criminal activities.  However, apart from being used on dark sites, Bitcoin is also widely used for good purposes. fiat money through credit card fraud is also used for many criminal activities like buying/selling drugs, buying illegal weapons etc.  Would you call fiat money also help criminal?

Even though the value of bitcoin decreases sometimes, its price always increases but you look at fiat money, the value of fiat money also decreases constantly but once its value decreases, it never increases again. so will people distrust money like Bitcoin?

Bitcoin runs on blockchain technology but Bitcoin and blockchain are completely different things and blockchain is now being used in the banking sector as well.  So to understand about Bitcoin, you have to study about Bitcoin itself.

Bitcoin is used on gambling sites as it is a simple and fast payment method but it is a misconception that Bitcoin is only used for gambling and who said Bitcoin is only used for gambling.  He himself knows nothing about Bitcoin

You can try to educate people or make them aware but the problem with those people who have fixed their mindset of bad image about btc it's hard to change and for me I am not into wasting too much efforts in convincing anyone that why it's good because until they make their own research and came to know about it they won't believe it.But in comparison yes there has been significant change in people thoughts about btc due to awareness and increasing adoption rate.You can always try to put some efforts but not feel bad if people are not into it because it's their loss in the end.

Well, all of these was done up until now using the fiat currency. If Bubble, ponzi scheme and whatever they call Bitcoin is, it should've probably burst in a couple of years before it's official release, but obviously not the case for Bitcoin who has been in existence since 2009 and still continuously rising in terms of adoption, usage, and value.
These people are just being ironic, they shouldn't use fiat money as well, cause some of these fiat money came from criminal activities (mostly from corrupt politicians and money launderers), some came from taxes from casinos and other gambling firms.
So, I don't think convincing them is necessary, let them realize what Bitcoin is about to become in the next coming years. And as far as criminalities are concerned, we can't really do much about it, because criminal activities do exist in everywhere and anyhow.

If given a chance why not? we all wanted people around us even those far from us to invest and trust bitcoin but how can we achieve that if they are closing their eyes and mind about the reality?
even some of us or many that starts having that doubt in the past in which i must admit to be one before, but eventually as there are some things that opened my eyes?
let time have this for them mate, I believe that it wont take long anyway.
and that's it, having education such schools and university opening for crypto connected thing? then that would be the faster result .

I do not consider the mentions issues as a bad reputation on bitcoin, there is absolutely no system out there without flaws or cons, nothing made by man is completely perfect, so when I first discovered bitcoin and dived into, I never expected it to be a perfect system of digital decentralized money.

On the issue of criminals getting away with their criminal activities through bitcoin, crimes have been and thrived before bitcoin came into existence, why is now that people consider bitcoin to be a getaway means for criminals?

In my opinion, I don't think it makes sense to try to convince anybody to love or invest in bitcoin, bitcoin has achieved alot in just few years, so for me, I say that bitcoin will do well with or without anyone, or some group of persons.

Agreed since I have heard other peoples opinion and it all involves that they think it is just an investment scam. But, if you ask them, it is not the bitcoin really is the reason why they see it that way. Most are really the altcoins that dump really so hard that they know someone who lost their investment because of this. This is kind of hard to clean the image of bitcoin as an independent coin since it would always be associated with altcoins that has poor performance in the market.


The thing that we can do is to continue share the good words about bitcoin specifically so that a lot would really see the potential of it independent with other altcoins. I agree that it is still a challenge and that education with these new innovations would make it be acceptable by more people in the future.

If the government supporting BTC and they're create a school to teach about BTC, I'm sure Bitcoin is already accepted as a legal tender and the government is really controlling BTC. This make Bitcoin lose it's decentralization, you have no privacy, and you need to follow all their rules. You're can only take advantage over the profit, all the thing is same like banks where they're control and monitor your wealth.

In my mind thing is not bad his use will be good or bad, everything has good and bad side just like dollar is not a bad thing but it's bad use for drugs or money laundering is bad. Same things is with Bitcoin, Bitcoin is itself not a bad things his use may be good or bad, like mentioned that it's use in darkweb for bad activity but at the same time it's has a lot good usecase like through Bitcoin we send and receive million of dollar within seconds it's safe our time while it's also provide freedom from banking system and also provide transparency in different feild, also removed inflation too by using Bitcoin

Our world is called a society, and as a society, there will be many different types of people. We cannot expect everyone to use and accept bitcoin as we do. Even the internet today really brings undeniable benefits, and it is as necessary as water in our lives, but there is still a part of the elderly who do not like the internet because they think it destroys their children. Bitcoin too, it's good, but it's not perfect so I don't see a problem that only some people hate it.
Don't care too much about what other people think of it, if you find it beneficial for you, enjoy and use it your way.