Topic: Bitcoin has a bad reputation (we should fix it) - page 3. (Read 784 times)
The media has already created a bad image for Bitcoin. I think it will extremely hard of not impossible to change majority of peoples opinion on Bitcoin. It is easier to write about Bitcoin in bad color, people desire to get negative news more than positive. Lots of people havent used or have zero knowledge about Bitcoin, yet thanks to media they automatically connect Bitcoin with criminals, terrorist, drugs, scam, ponzy and etc. Frankly speaking, I dont know how to fix Bitcoins bad reputation.
I am not sure that if you know this or not, but these things have been happening right from when Bitcoin first started going up. People used to call it a bubble, a criminal's currency that they used for illegal activities, they even called it useless and something that isn't worth any attention, but did that really make a difference for Bitcoin and its growth? The answer to that is in front of us.
Even if the adoption rate is slow, it will still not stop Bitcoin at all, and we all know that it cannot continuously keep going up since we know there are cycles of growth and drop, so whenever it starts dropping, people will start talking negatively about it, but at the end of the day, it won't stop Bitcoin from being what it is.
Even if the adoption rate is slow, it will still not stop Bitcoin at all, and we all know that it cannot continuously keep going up since we know there are cycles of growth and drop, so whenever it starts dropping, people will start talking negatively about it, but at the end of the day, it won't stop Bitcoin from being what it is.
True, I don't think it will be gone completely. People talk like that only when they don't really understand Bitcoin, but more and more are getting involved with years, so I think it doesn't really matter. New technologies are almost always feared or misunderstood when they appear.
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?
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?
Bitcoin has bad reputation because the organized financial sector promotes it under bad light. Whenever they found some involvement of bitcoin with some criminal activities, they promote it in a way as if bitcoin has done it. That's not going to change anytime soon.
Don't convince people, that will bring more trouble. Rather start some philanthropic work with bitcoin and promote it in the best way you can. That's one of the major ways to slowly change the mind of the people about bitcoin.
I am not sure that if you know this or not, but these things have been happening right from when Bitcoin first started going up. People used to call it a bubble, a criminal's currency that they used for illegal activities, they even called it useless and something that isn't worth any attention, but did that really make a difference for Bitcoin and its growth? The answer to that is in front of us.
Even if the adoption rate is slow, it will still not stop Bitcoin at all, and we all know that it cannot continuously keep going up since we know there are cycles of growth and drop, so whenever it starts dropping, people will start talking negatively about it, but at the end of the day, it won't stop Bitcoin from being what it is.
Even if the adoption rate is slow, it will still not stop Bitcoin at all, and we all know that it cannot continuously keep going up since we know there are cycles of growth and drop, so whenever it starts dropping, people will start talking negatively about it, but at the end of the day, it won't stop Bitcoin from being what it is.
Actually, if it leads to the realm of crime, it's not just bitcoin that is misused for crimes, in my opinion the number of crimes caused by misuse of bitcoin is very low, compared to the number of crimes caused by other things, such as money or gold jewelry.
So actually what makes people dislike bitcoin is caused by slanted news about bitcoin, maybe it's fake news, or real news, but it's exaggerated by certain parties.
And to create a good image for bitcoin, I think bitcoin already has a positive image among crypto investors. But if in ordinary society, it seems that there are still many who think neutral and do not find out or analyze bitcoin, especially in my country, there are still many people who are foreign to bitcoin.
In conclusion
according to my view and judging from the situation where I live,
Bitcoin already has a good image among crypto investors, but it doesn't yet have a good image among people who are half-assed in bitcoin, and is still neutral among people who know, but don't want to know more.
So actually what makes people dislike bitcoin is caused by slanted news about bitcoin, maybe it's fake news, or real news, but it's exaggerated by certain parties.
And to create a good image for bitcoin, I think bitcoin already has a positive image among crypto investors. But if in ordinary society, it seems that there are still many who think neutral and do not find out or analyze bitcoin, especially in my country, there are still many people who are foreign to bitcoin.
In conclusion
according to my view and judging from the situation where I live,
Bitcoin already has a good image among crypto investors, but it doesn't yet have a good image among people who are half-assed in bitcoin, and is still neutral among people who know, but don't want to know more.
Bitcoin is growing very fast, if you try to compare which asset class in the past has achieved similar achievements as bitcoin? Almost no asset can grow as fast as bitcoin. Bitcoin is only 14 years old, too young for the world economy to be in a hurry. For a revolution to be successful, it takes a lot of time and effort to get there.
And bitcoin still needs more time to be able to get support from people out there and be able to accept bitcoin as we have done. There is no doubt that the existence of bitcoin has reached its current level and will continue to grow.But we all believe that more people will accept bitcoin because they will see the potential of bitcoin for their lives. And when those people have proven it, they certainly don't want to leave bitcoin.
I would personally never like to go back into centralized payment processors like Paypal after I have discovered the way to store my money in a cold wallet and how to sell just what I need through P2P.
The terms of service of Paypal are just very bad and if you take a look a their subreddit, you will find a lot of people having problems with seized funds and frozen accounts for whatever reason.
It can get worse for people which live outside of USA or Europe and do not have a easy way to legally reach out to Paypal and get answers.
Once you learnt how to operate with BTC and altcoins, it makes several FIAT processors to look like shitcoin wallets.
But I believe that even though bitcoin gets a bad name because of irresponsible investment programs that have deceived many people or because of using bitcoin for criminal things, bitcoin will come back with a good name. People will see bitcoin as something that can give them hope.
Bitcoin is growing very fast, if you try to compare which asset class in the past has achieved similar achievements as bitcoin? Almost no asset can grow as fast as bitcoin. Bitcoin is only 14 years old, too young for the world economy to be in a hurry. For a revolution to be successful, it takes a lot of time and effort to get there.
And bitcoin still needs more time to be able to get support from people out there and be able to accept bitcoin as we have done. There is no doubt that the existence of bitcoin has reached its current level and will continue to grow.But we all believe that more people will accept bitcoin because they will see the potential of bitcoin for their lives. And when those people have proven it, they certainly don't want to leave bitcoin.
I would personally never like to go back into centralized payment processors like Paypal after I have discovered the way to store my money in a cold wallet and how to sell just what I need through P2P.
The terms of service of Paypal are just very bad and if you take a look a their subreddit, you will find a lot of people having problems with seized funds and frozen accounts for whatever reason.
It can get worse for people which live outside of USA or Europe and do not have a easy way to legally reach out to Paypal and get answers.
Once you learnt how to operate with BTC and altcoins, it makes several FIAT processors to look like shitcoin wallets.
Bitcoin is like cash: it's for everyone.
If you're going to punish criminals, chances are you're going to punish good people too...
If you're going to punish criminals, chances are you're going to punish good people too...
cash is artwork patented by the government. its their property that they can inflate, seize or take out of circulation. bitcoin is not like cash
bitcoin was better when it was private property(2009-2014).. before it was declared money and financial laws started marginalising bitcoins utility with services.
but even classed as money, bitcoin is better then cash.
but just keep in mind, now its declared as money it means financial laws DO apply. so research that
its not government property but it is in government jurisdiction(regulations)
The actual problem of BTC is, in my opinion, weak psychological perception, while fiat money have adorable effect. Most people got used to fiat money just because they believe in its reliability (though the reliability of a y fiat currency is far not that strong), and one more thing for psychological acceptance is good infrastructure: for fiag money there are ATMs, branches, all the shops/banks/employers are in favor of working with fiat, and there is no such infrastructure for BTC: none of financial structures are ready to work directly with bitcoin. While the system remains the same, BTC will remain no more than a way to earn fiat.
I think it is not reliability or anything like that, it is not even "liking" fiat, I think it is just the wide adoption. For example if you live in any nation, the fiat of that nation would be accepted everywhere, doubt it would be possible to go anywhere and not be able to pay with that fiat, whereas we all know crypto is not like that right now and that's an issue. All in all I would expect that the people who end up not really using it would be the people who go towards crypto anyway.So, when it comes to crypto vs fiat, the biggest difference and the reason why people prefer fiat is the fact that it is already accepted everywhere and can pay anything you want with it. As long as crypto goes up in adoption, we will get there.
Bitcoin is like cash: it's for everyone.
If you're going to punish criminals, chances are you're going to punish good people too...
If you're going to punish criminals, chances are you're going to punish good people too...
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?
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?
The actual problem of BTC is, in my opinion, weak psychological perception, while fiat money have adorable effect. Most people got used to fiat money just because they believe in its reliability (though the reliability of a y fiat currency is far not that strong), and one more thing for psychological acceptance is good infrastructure: for fiag money there are ATMs, branches, all the shops/banks/employers are in favor of working with fiat, and there is no such infrastructure for BTC: none of financial structures are ready to work directly with bitcoin. While the system remains the same, BTC will remain no more than a way to earn fiat.
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'd personally think I'm the joke if I fuck up my entry by buying high and selling low, but hey, it's a lot easier to blame something else instead of yourself. 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 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?
I don't think we need to do anything with regards to criminals, the government is doing its stuff about that (and is affecting also other regular uses unfortunately), and even then, they aren't exactly wrong that it's being used for criminal activity, I mean, if it was biased about that then it wouldn't be decentralized anymore. It's just that the first notion people see Bitcoin as is for "criminal usage", so we should change that to "anyone without being controlled" instead. Sadly with a bit of looking up this can easily be clarified, but well, idk. The internet was supposed to make looking up info a lot easier but it seems like a lot of people regressed in that regard instead. Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
Likely bad people making bad names on bitcoin because they were using it for bad intentions and is the disadvantage of bitcoin. Still there are lots of good things that bitcoin brings to the people who has good intentions to bitcoin's usage. More good usage of bitcoin and less bad about it
I think the true answer is neutral there is always people who want to fix the bad reputation of bitcoin but meanwhile there is always people who want to destroy reputation of Bitcoin is two side of coin sometimes the bad win but the good can win too.
What we can doing right now is by spread the good things and try to educate anyone who want to invest in crypto
What we can doing right now is by spread the good things and try to educate anyone who want to invest in crypto
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?
Bitcoin promotes a system of voluntary mutually-agreed interactions where both sides benefit from the deal, and everything is happening without any aggression or coercion. People come to understand Bitcoin in a natural way because it solves real problems that they face in everyday life, for example, the constant decrease in purchasing power of national currency and the corresponding raise in prices, which we usually call inflation. Once people understand what Bitcoin is, they no longer consider it a tool for facilitating money laundering or other criminal activity, which harms the reputation of a currency. Learning is, therefore, a key to realizing the real potential of Bitcoin, it is the only way to understand why governments and banksters don't want a wide audience to use Bitcoin instead of gradually debasing fiat money. The problem is that people are lazy enough and prefer sitting before a TV screen because it requires little effort unlike reading books or articles about decentralized technology. Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
There should be no reason for us to convince people to use bitcoins, because it should come naturally, when they realize what the advantages are to use the technology. (They need a light bulb moment.... and that will only happen when the find the correct information about Bitcoin)
There is actually a reason for us to convince people to use Bitcoin. That is actually helping them. That is what Bitcoin education is basically for. But not convince as in insist, if they already have a different perception of Bitcoin. It is enough that people are enlightened about the case of fiat and what Bitcoin truly is for. Let Bitcoin's features convince them after making them aware. If awareness failed to convince them, then it is their choice.
Bitcoin is growing very fast, if you try to compare which asset class in the past has achieved similar achievements as bitcoin? Almost no asset can grow as fast as bitcoin. Bitcoin is only 14 years old, too young for the world economy to be in a hurry. For a revolution to be successful, it takes a lot of time and effort to get there.
And bitcoin still needs more time to be able to get support from people out there and be able to accept bitcoin as we have done. There is no doubt that the existence of bitcoin has reached its current level and will continue to grow.But we all believe that more people will accept bitcoin because they will see the potential of bitcoin for their lives. And when those people have proven it, they certainly don't want to leave bitcoin.
I do not know about you, but in my personal perception and according to what I recall hearing and reading about Bitcoin from past years, the stigma on Bitcoin has been reduced drastically in comparison.
You are right, I agree! That's where education plays a huge role. But we still have A LOT of people who think otherwise, and, sadly, these people are the majority. And I still don't see countries adopting crypto education in schools and universities (there are some cases but it's very local).
So as I see it, the situation got way better, but we still have a long, looooong way to go. That's why I'm wondering if there are any ways to speed up this process.
Bitcoin is growing very fast, if you try to compare which asset class in the past has achieved similar achievements as bitcoin? Almost no asset can grow as fast as bitcoin. Bitcoin is only 14 years old, too young for the world economy to be in a hurry. For a revolution to be successful, it takes a lot of time and effort to get there.
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
That's not really a good idea.If you create a system to make the life of
Bitcoin is permissionless for a reason.
Yes! That's the problem. I don't see a solution to it and I think that is what will hunt Bitcoin for the next years.
We see that government doesn't want to adopt BTC and criminal use of it is one of the key arguments they have against adoption.
I think the problem of taxing Bitcoin might play a bigger role for them, but they probably will use the "dark web money" argument a lot, and our community has no answer to that cos that's how the technology works.
I do not know about you, but in my personal perception and according to what I recall hearing and reading about Bitcoin from past years, the stigma on Bitcoin has been reduced drastically in comparison.
You are right, I agree! That's where education plays a huge role. But we still have A LOT of people who think otherwise, and, sadly, these people are the majority. And I still don't see countries adopting crypto education in schools and universities (there are some cases but it's very local).
So as I see it, the situation got way better, but we still have a long, looooong way to go. That's why I'm wondering if there are any ways to speed up this process.
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