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Topic: Bitcoin has a bad reputation (we should fix it) - page 2. (Read 784 times)

jr. member
Activity: 38
Merit: 4
I want to believe that this is an assumption. All tho I under what you are saying. Over time Bitcon has gained acceptance and little popularity even with some countries not accepting the reality, like I have previously said in the forum, Bitcon is the future. with the slow acceptance of this reality, the race will be won in the long run.
I will say to fix the acceptance not reputation, I will say Bitcoin needs more awareness even in the remote area and gradually Biton will gain popularity. Change is very difficult and not easy for us human beings but change is inevitable,
Nevertheless.  the impact of this coin on the economy of a county is very important too.
member
Activity: 476
Merit: 60
many people don't like btc and of course they also have reasons such as people who invest in btc many suffer big losses, so that finally btc's reputation in some circles of society is bad.

and in my opinion, so that btc has a good reputation, of course it must be supported by the government, including the government must create schools that teach about btc, or in every school there MUST be subjects about bitcoin and blockchain.
member
Activity: 840
Merit: 23
Hello everyone!
I've been thinking a lot about Bitcoin adoption lately and I think that adoption is still pretty slow partly because of the Bitcoin reputation. Despite it being a progressive technology of the future, a lot of people still think that it's a joke.

So there is different opinion among people about Bitcoin. Some people consider Bitcoin as "criminal money" because it's often used on the dark web and helps criminals to get away with selling drugs and stuff.
There are also people who think that Bitcoin is a bubble that will explode and lose its value, so they don't trust it. It's probably because these people don't know how Bitcoin and blockchain work.
And there is a third group of people who think that Bitcoin is used just for gambling so they don't want to buy it.

I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
people would always have their opinion about things, it's up to them and that should have nothing on us.
Everyone should stand on what the believe.
Fiat is also use for money laundering, gambling and even used by criminals the more but that hasn't stopped anyone from using it.
member
Activity: 392
Merit: 31
there are indeed many people who think badly of bitcoin, and the funny thing is that those who think badly of bitcoin are people who have never invested in bitcoin and don't know about bitcoin.

but if people who know about bitcoin mostly think bitcoin is a rare valuable asset. and potentially good for the future.

I think in this case there is no need to convince people to accept bitcoin and like bitcoin.
because I think later on people who don't like BTC will realize that they see people who invest in BTC being successful. surely he will find out and learn about btc.
hero member
Activity: 1708
Merit: 566
Leading Crypto Sports Betting & Casino Platform
For now, I think that the condition of bitcoin can still be said to be fast, regardless of anything now, actually it's getting better year after year. As for the issue of reputation from Bitcoin, I think this is back from the point of view of course because indeed we also cannot force everyone's perspective to make bitcoin good because what is forced like that of course will not go well.
On the other hand, when classifying bad people, for example regarding bitcoin, it is also difficult because even we cannot even identify criminals in bitcoin.
Even if it can be identified then how to isolate them is also not easy because of course they are not that stupid either.
sr. member
Activity: 1316
Merit: 379
Fully Regulated Crypto Casino
One of the major problems we are facing today with bitcoin is the process of trying convince people to buy the idea of this new technology, probably making investment. The only way it would have been possible is to implement it as course of study across all schools both the Primary, Secondary and Universities, this would allows an inbuilds mentality for the users to have separate and a clearer orientations and how bitcoin is being operated than just thinking of investment. The investments parts of have really made it's current users not to understand what is bitcoin and the purpose of the origin of bitcoin, the investments aspect keeps scaring people away due to the high level of volatility.

Yes, bitcoin education for everyone is the most effective solution to this problem. But the only person who can put bitcoin in education is the government, but the government is the most anti-bitcoin. So it is very difficult to implement this plan.

To me, there is nothing wrong with people recommending bitcoin as an investment, but the barrier that keeps people from wanting to learn about bitcoin is the government and no other reason. As long as the government accepts and informs everyone to use it, all problems will be solved. Governments are key because they control the world.

Absolutely, not even only the government but the risk aspect (volatility) levels would kept giving them the impression of not totally go into bitcoin. Yes it's true that government is the anti-bitcoin but doesn't yet still stops the operation of bitcoin instead it keeps spreading wider and stronger. Individuals may decide to take up these responsibility by practically teaching people about bitcoin to enhance their basic understanding towards bitcoin not necessarily the investment aspect of it.
hero member
Activity: 798
Merit: 509
Leading Crypto Sports Betting & Casino Platform
Hello everyone!
I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

The issue with Bitcoin is that it's been associated with altcoins and they're the ones scamming yet Bitcoin is getting the bad reputation. All the failed altcoins that crashed due to greed are affecting the general market.

It'll be very hard to distinguish Bitcoin from others as people will always call them cryptocurency when referring to the market. We have to do our best in letting whoever we see making this false accusations about Bitcoin to understand the truth.

Every currency can be misused and right now the advantages of Bitcoin is been misused by mostly the scammers and that's the reason behind the bad reputation. We have to always let critic understand what Bitcoin really is all about whenever we encounter them.
sr. member
Activity: 1246
Merit: 262
Many people not understood yet about advantage from Bitcoin and reason why still not legal as global payment currencies transaction, another side as competitor war how to make Bitcoin drop and get bad reputation until face difficult get legal as payment currencies. Using Bitcoin for transaction give transparent detail from receiving and sending around to all wallet, most likely with Bitcoin can send around the world with lower fees and faster without few minutes. Impossible thing with fiat has process faster for sending exactly need many progress when huge amount transaction difference with Bitcoin give us choose with faster sending or receiving transaction.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
We shouldn't go out of our way to change perception of BTC frankly speaking op. Many people will always hate on BTC and other cryptocurrencies since they aren't smart enough to understand the advantages related to them.

However, as time passes, more and more people are beginning to realise how revolutionary BTC truly is due to various reasons and shift from haters to supporters just like that.

BTC's reputation is a mixed bag which will always stay that way op.
I do not see why we should go out of our way to change the image some people may have about bitcoin, when I first heard about bitcoin there were a lot of negative things which were said about it, but instead of simply believing them I took my time to find out what was bitcoin and many years later I am still around.

So those which have even the most minimal interest about bitcoin will learn more about it on their own and will decide if they want to adopt it or not, and the best part is that all of this will happen without our input, making this organic growth slower but way more difficult to be manipulated by the governments.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
We shouldn't go out of our way to change perception of BTC frankly speaking op. Many people will always hate on BTC and other cryptocurrencies since they aren't smart enough to understand the advantages related to them.

However, as time passes, more and more people are beginning to realise how revolutionary BTC truly is due to various reasons and shift from haters to supporters just like that.

BTC's reputation is a mixed bag which will always stay that way op.
sr. member
Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE
I think education is the best way to change people's opinions about Bitcoin and blockchain technology. With education, people can learn about the technology, its use cases and the potential benefits it can bring. You can start by creating a website or blog that explains the basics of Bitcoin and blockchain technology and how it can be used in a positive way. You can also create informational videos, tutotrials and other materials that will help people understand the technology better.

Nowadays, you can find websites, videos, and blogs about bitcoin a lot, it is not a new and effective solution. I agree that education is the only way to help people understand bitcoin, but for education to be effective, it needs to be included in educational programs in schools. It's the best way to help people get educated about bitcoin.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
One of the major problems we are facing today with bitcoin is the process of trying convince people to buy the idea of this new technology, probably making investment. The only way it would have been possible is to implement it as course of study across all schools both the Primary, Secondary and Universities, this would allows an inbuilds mentality for the users to have separate and a clearer orientations and how bitcoin is being operated than just thinking of investment. The investments parts of have really made it's current users not to understand what is bitcoin and the purpose of the origin of bitcoin, the investments aspect keeps scaring people away due to the high level of volatility.

Yes, bitcoin education for everyone is the most effective solution to this problem. But the only person who can put bitcoin in education is the government, but the government is the most anti-bitcoin. So it is very difficult to implement this plan.

To me, there is nothing wrong with people recommending bitcoin as an investment, but the barrier that keeps people from wanting to learn about bitcoin is the government and no other reason. As long as the government accepts and informs everyone to use it, all problems will be solved. Governments are key because they control the world.
hero member
Activity: 1120
Merit: 887
Livecasino.io
Hello everyone!
I've been thinking a lot about Bitcoin adoption lately and I think that adoption is still pretty slow partly because of the Bitcoin reputation. Despite it being a progressive technology of the future, a lot of people still think that it's a joke.

I don't think bitcoin's adoption is slow rather I think that it is moving at its own pace and surmounting the hurdles on its way. These hurdles are the regulatory issues, and security concerns. At the right time we are sure to see a lot of changes once these obstacles are overcome.

Quote
So there is different opinion among people about Bitcoin. Some people consider Bitcoin as "criminal money" because it's often used on the dark web and helps criminals to get away with selling drugs and stuff.
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
In my estimation, creating systems to counteract the activities of bad actors in the bitcoin space is good but on the other hand it may negative affect the good guys with pure intentions. For example, the good guys may feel that their privacy and security will be compromised thereby forcing them to abandon bitcoin which in effect slows down the adoption process. Anyways, whatever is done while trying to fix "bitcoin's bad reputation" should be balanced out with preserving its core principles.
newbie
Activity: 5
Merit: 0
I think education is the best way to change people's opinions about Bitcoin and blockchain technology. With education, people can learn about the technology, its use cases and the potential benefits it can bring. You can start by creating a website or blog that explains the basics of Bitcoin and blockchain technology and how it can be used in a positive way. You can also create informational videos, tutotrials and other materials that will help people understand the technology better.
jr. member
Activity: 80
Merit: 1
Here are some reasons I think people take Bitcoin as a joke or have a bad reputation in their mind for it:

1. They can't afford it at all. 1 complete BTC is impossible for 90% of people in Crypto. That's why they make a joke out of it and keep buying thousands of doge.
2. Look at gold, people from Crypto Industry make jokes about it and it worked for more than 2000 years as a store of value. Bitcoin is the same, just on the blockchain.
3. Transaction speed - this is what I agree with people, it takes ages to get a confirmation on deposits and withdrawals if you use it on any platform for payments.
4. It was basically used hugely by drug dealers and the black market in the early days, so some stock market investors don't take it seriously, in the end it's their own loss.

I am a proud BTC Investor and will treat it as a piece of brick of gold.  Grin

At first, I thought that you were wrong about BTC price, but regular people don't even know that you can buy a fraction of it. At other things I completely agree, sometimes even I'm scared when I'm buying my Bitcoin and waiting for more than 15 for it to arrive.
sr. member
Activity: 1316
Merit: 379
Fully Regulated Crypto Casino
One of the major problems we are facing today with bitcoin is the process of trying convince people to buy the idea of this new technology, probably making investment. The only way it would have been possible is to implement it as course of study across all schools both the Primary, Secondary and Universities, this would allows an inbuilds mentality for the users to have separate and a clearer orientations and how bitcoin is being operated than just thinking of investment. The investments parts of have really made it's current users not to understand what is bitcoin and the purpose of the origin of bitcoin, the investments aspect keeps scaring people away due to the high level of volatility.
copper member
Activity: 1470
Merit: 1609
Bitcoin Bottom was at $15.4k
Here are some reasons I think people take Bitcoin as a joke or have a bad reputation in their mind for it:

1. They can't afford it at all. 1 complete BTC is impossible for 90% of people in Crypto. That's why they make a joke out of it and keep buying thousands of doge.
2. Look at gold, people from Crypto Industry make jokes about it and it worked for more than 2000 years as a store of value. Bitcoin is the same, just on the blockchain.
3. Transaction speed - this is what I agree with people, it takes ages to get a confirmation on deposits and withdrawals if you use it on any platform for payments.
4. It was basically used hugely by drug dealers and the black market in the early days, so some stock market investors don't take it seriously, in the end it's their own loss.

I am a proud BTC Investor and will treat it as a piece of brick of gold.  Grin
sr. member
Activity: 526
Merit: 253
Damn
...
I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
It's wild how folks have totally different takes on Bitcoin. While some peeps think it's the way of the future, others straight-up call it a joke or even dirty money. But if you ask me, Bitcoin's got way more potential than folks give it credit for. Yeah, it's been used for some shady business before, but that don't mean it's all bad. In fact, the tech behind Bitcoin, called blockchain, could be a game-changer for lots of industries, making them way more secure and efficient. So let's not get rid of the good stuff just 'cause of a few bad apples, ya feel me?

If we wanna change people's minds about Bitcoin, education is key. We need to teach folks how blockchain works and how it can be used for good. But we also need to address their concerns about Bitcoin's past. Maybe we can create a system that makes it harder for criminals to use Bitcoin without infringing on the rights of law-abiding folks. That way, Bitcoin can be seen as a positive force instead of something shady. Exciting stuff is on the horizon, folks!
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
You've been here almost as long as I've been as we got registered on this forum the same year. As such, I believe you've seen worse days for Bitcoin than we've now. Remember, in 2017 and the years before it we had the tag of Bitcoin being a bubble? Do we still have people think that way today? Of course not. The thing is that no matter how good or bad something is there are going to be people who will take a divergent view on it. If you asked me, I would say Bitcoin is having a better time now that in the past. More people are becoming fans, and many more are going to join as time goes on.

Before the advent of Bitcoin, we had all kinds of criminal activities involving fiat. So, we shouldn't make it look like money laundering and financial criminalities are coming up because of Bitcoin.
sr. member
Activity: 686
Merit: 332
It would be unnecessary to convince them to believe to Bitcoin if their mindset is fixed to it as a "joke". That's actually just fine for people to intercept Bitcoin since it's too complicated for people who doesn't have prior knowledge about it. If they want to really deepen their understanding to crypto and blockchain technology they would learn if for themselves, you only have to share your experiences without convincing them, for them to have an idea what could Bitcoin benefits and cons its up to people if they'll study it. Criminals are opened to Bitcoin since it is a decentralized system but their addresses could be track for people to be aware on their wrong doings. Doing such system for making people life harder would just complicate things, its just fine the way it is.

Totally unnecessary my bro. I do educate people on Bitcoin but it's only those that have shown an interest. I'm not about to start trying to convince someone who thinks Bitcoin is a bubble or scam that Bitcoin is not either of those things. It will be a total waste of both our time, and I hate wasting people's time just as much as I hate my time being wasted.

If people have been hearing about a particular digital asset for at least 14 years, some 10 years, some 5 years and they've not bothered to really research and find out what this digital asset really is, then it simply means they're not interested and that's totally fine. Everybody can't invest in the same thing.

I get sick of people who always blame Bitcoin for crimes. It's like blaming the gun for gun violence instead of the asshole who shot the gun. It's like blaming the internet for internet fraudsters instead of the actual perpetrators of the crime. It just doesn't make sense to me. Whatever crime they're accusing Bitcoin of has been in existence years before the existence of Bitcoin and they've not been able to categorically show us facts on how Bitcoin has increased these crimes.
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