Topic: Bitcoin has a bad reputation (we should fix it) - page 4. (Read 784 times)
In my personal opinion I think that bitcoin don't has any bad reputation I think our thinking is wrong on bitcoin. Just as we use fiat currency in our conventional economic system, I think Bitcoin is a new currency system that is just invisible and it will increase the security of transactions and funds in our daily lives. Recently I heard a news that an Indian guy committed suicide after learning about bitcoin scamming, who do we blame for that? Sometimes we see students committing suicide because they can't take the pressure of studies and for that we can't say that studies have a bad reputation. We can't blame Bitcoin alone either.
What's the point of making the impression good to other people? To encourage them? We are not required to do so and also, that would be hard to achieve given that there are just really problems which do exist in this industry. It would be better to just let them have the initiative to engage in this technology for them to have sense of accountability if ever there will be something to happen with their money.
The people think bitcoin as a joke because they don't have any experience about it and they don't see the success of bitcoin with their own eyes. But Those individuals who involved in it and have some profit from it have strong believes on its successful future.
The old people which have no knowledge about bitcoin investment think that only government jobs can give then money while all other online business are just fake and they have no reality but the people of present age prefer investment in bitcoin more than any other job because it has higher return so because of this return they forget about its failure.
Those who don't know that much about this industry may really percieve this technology to either be a scam, joke, and such. It just contradicts to the potential people in this industry are seeing and making use. Difference with perspectives is just normal. Persuading them to engage in this industry will just be a waste of time; imagine them panick during market price downfalls. Who would be blamed? Ofcourse it is who invited them. Bitcoin has been existing for years; been into a lot of issues and accusations but it still do exist and that is for sure because of a good reason those who are not into this industry, should see for themselves.
Hello everyone!
Despite it being a progressive technology of the future, a lot of people still think that it's a joke.
Despite it being a progressive technology of the future, a lot of people still think that it's a joke.
The people think bitcoin as a joke because they don't have any experience about it and they don't see the success of bitcoin with their own eyes. But Those individuals who involved in it and have some profit from it have strong believes on its successful future.
The old people which have no knowledge about bitcoin investment think that only government jobs can give then money while all other online business are just fake and they have no reality but the people of present age prefer investment in bitcoin more than any other job because it has higher return so because of this return they forget about its failure.
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)
How do you isolate criminals from normal users of Bitcoin... to make it harder for them to use it? The only way I can think of is the stripping of all pseudo anonymity .... and that will render Bitcoin use for everyone else .... useless..
How do you isolate criminals from normal users of Bitcoin... to make it harder for them to use it? The only way I can think of is the stripping of all pseudo anonymity .... and that will render Bitcoin use for everyone else .... useless..
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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?
This is the main power of this invisible currency that it cannot be controlled, but for those who do criminal activities based on this power, I think we and government should need to control those activities first, then this false slander will not fall on the body of Bitcoin. If what you say can be implemented, it will also be a threat to Bitcoin because it will be very controlling, and once it is done there is no guarantee that bad people won't use it again for bad purposes.Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
We should first think about this thing that we should not blame the whole system for the bad intentions of a few bad people, we should vanquish those people and those bad intentions. So the way to make it harder for criminals to use Bitcoin, is to control the activities of criminals, when those activities will not be there, how will it (bitcoin) be used for bad purposes?
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'm not really sure how you say bitcoin's reputation is bad because it's used in some cases illegal. Bitcoin allows anyone you use it, spend it for any purpose regardless of how you maintain privacy. Bitcoin is a decentralized currency that is basically not controlled by anyone including the government, so if you expect filtering for certain number of users, that means bitcoin is centralized.Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
Regardless you agree or not, money can always be misused by some people regardless of their reputation. Adoption is expected, but adoption acceleration is very low relation to the reputation of the bitcoin you are mean talking about.
There can be the quick decision on Bitcoin promoting - buy some ad spaces in the Web and start to promote. If you have some spare Bitcoins for promoting, it could be wise start. 
In general most of people are not interested in Bitcoin, first of all, bank transfers are faster and more safe. Bitcoin transactions can go several weeks now.
In general most of people are not interested in Bitcoin, first of all, bank transfers are faster and more safe. Bitcoin transactions can go several weeks now. hero member
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We only do our best but understand people are hard to convince especially those that had bad experiences through Bitcoin scammer and one thing is certain no matter how good an innovative concept is, it will still have some bad reputation that's caused through the people that abuse it benefit.
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
You are talking about creating a system to make scam harder.
Don't forget that bitcoin is not the only coin that uses block chain, Altcoins also used block-chain.
I am not in support of fraud or scam, but come to think about it, if bitcoin introduces traceable transaction into their block chain, will all coins do ??
Let's be realistic, Most transactions done on the dark web are more massive than the legit transfers, Dark web and dr*g activities produce more money that brought most crypto to their main level today.
I think information dissemination is one of the best approaches to changing peoples' negative views about Bitcoin and it is being done. Another factor that can greatly help is the government's acceptance. If the government accept Bitcoin, all the negative thought about Bitcoin will be nullified since the government that has the authority had already accepted and stated that using Bitcoin is safe.
Along the course of Bitcoin history, the cases stated by @OP had been there ever since but little by little this bad reputation is being erased. Once upon a time, everyone thinks that Bitcoin is anonymous and is perfect for the dark market but now, many think that Bitcoin is the perfect tool to trace money laundering and illegal activity since Bitcoin transactions can be seen publicly.
There are other ventures of exchange for money even in the USA that still exist to this day like drugs and weapons that investigations are not allowed, and that are criminal entities than bitcoin. The fact that bitcoin is used for criminal purposes does not mean that fiat cannot be used, but let's put it in the same asset class as gold, crude maybe, this time around as a digital asset. While bitcoin mixing can protect identity with transactions, some other anonymous coins still exist with high transaction volumes, though they are not discussed as often as they were in the past, but are still very active and private.
Bitcoin isn't concerned about enforcing the law or even making sure it isn't used by criminals. The problem is that it seems when criminals or some lawless elements use Bitcoin in their transactions, some are very quick to generalize Bitcoin as a criminal money.
It's not really their fault they learn/know Bitcoin that way since there are against Bitcoin in the first place and those are the people who can easily spread fake news or manipulate the people through media. What they just showed was the negative side effect of having a Bitcoin but they never saw the other positive side. It's like hearing a hearsay of someone who did something to fight their rights yet they did a terrible thing in order to fight that right but they never listen on the other side opinion/story.In conclusion, there are always two sides of the story which people doesn't seem to comprehend or are they just being irrational? Adoption may be looking slower but we are taking a small steps towards for greatness since there are regulations already in place so that people can have an assurance that their money won't be gone for good. Although, investment are still risky if you don't know what you're doing.
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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?
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?
Bitcoin does indeed used for bad things, but it does not imply that it is meant to facilitate those things. The main issue that you raise about limiting Bitcoin usage in order to eliminate criminals might have unintended consequences. If we specifically reserve a centralized entity to make anyone able to censor a transaction, it is very likely would make Bitcoin lose its significance.
It is necessary to look at another thing when you have that kind of mindset. Say, a simple thing like a knife, if it is used to kill people, do we surely want to somehow restrict its usage?
Actually, in Bitcoin, miners are able to include or exclude a transaction, so practically, there is a way to exclude alleged criminal usage. Nevertheless, how does someone make sure that it is indeed an illicit transaction?
Hello everyone!
Despite it being a progressive technology of the future, a lot of people still think that it's a joke.
Despite it being a progressive technology of the future, a lot of people still think that it's a joke.
The people think bitcoin as a joke because they don't have any experience about it and they don't see the success of bitcoin with their own eyes. But Those individuals who involved in it and have some profit from it have strong believes on its successful future.
The old people which have no knowledge about bitcoin investment think that only government jobs can give then money while all other online business are just fake and they have no reality but the people of present age prefer investment in bitcoin more than any other job because it has higher return so because of this return they forget about its failure.
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?
I've often come across topics like this in this forum. On the question of how to convince the wider public to fully trust and not misunderstand about Bitcoin.
Everyone is free of their thoughts on Bitcoin. Because each individual has their own thoughts and maybe their bad experience about Bitcoin. We shouldn't seem to blame them for their lack of knowledge or force them to believe in Bitcoin like we do.
In fact, today's public interest and adoption has increased towards Bitcoin from previous years, you can check it on Google, there are many articles and surveys about it.
All we have to do to support Bitcoin is spread news Bitcoin as it is, not exaggerate and not reduce or cover up the risks involved when investing or trading with Bitcoin or any other cryptocurrency.
Everyone has a different acceptance of technological developments such as Bitcoin, so let the people themselves who have the awareness to know Bitcoin without coercion or on their own awareness, that's a more comfortable way for all of us.
Time and time again we have seen this type of discussions and its just passing away, we do not need to really do anything. I get that people really want to see this pass and want to live in a more bitcoin covered world but that doesn't mean that it will happen tomorrow. It has been over a decade since bitcoin was created and we have already come so far, and if you wait another decade you will see it in a lot more places and in another decade even more. As long as that linear line is there then we do not really need to do anything about it. Just keep pushing and put more and more bitcoin into your life and that would be enough for you, let the rest take its time in history.
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 know if a system like this can be created, but for my part, I think that the solution to clean up Bitcoin's reputation is to disengage from centralized exchanges, because most of the bad reputation comes through centralized exchanges.After the FTX incident, one of the Muslim clerics issued a fatwa prohibiting dealing in Bitcoin because it causes loss and he mentioned as an example that people lost millions in FTX exchange, this clearly indicates that there are many who do not know much about Bitcoin and think that these losses or collapses that occurred because of Bitcoin.
We need to correct these misconceptions by making people understand that there is no connection between Bitcoin and centralized exchanges.
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?
Decentralization cannot be stopped and people are free to do whatever they want with Bitcoin. We do need to provide education but that is only limited to education and nothing more. Because everyone has different goals based on the use of Bitcoin. Even now the government has issued threat after threat for those who carry out illegal activities. Not that the government can stop the movement behind the scenes. Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?
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 only has a bad reputation because of how famous and widely adopted it is. You will always see this either with famous people or famous things, the more popular they, the more hate they get from trolls. There is no way to stop them from slinging dirt on Bitcoin but the dirt will never stick. Anyone with half a brain understands that using fiat is way more anonymous than using Bitcoin, but nobody is talking about fiat being bad because of all the paper money drug trades...
Let them talk about Bitcoiner as they wish. It will only make Bitcoin more popular. There is absolutely no reason to "do something against it". People will find out for themselves what Bitcoin really is.
I don't think we should persuade people to buy bitcoin or try to make them understand bitcoin. If they do not want it, we will not achieve a positive result.
People need more time and more useful resources where they could learn about bitcoin.
People need more time and more useful resources where they could learn about bitcoin.
There is no need for that, Bitcoin has withstood so many trials in the past that's why the number of people who believe in Bitcoin is increasing to date, you might not see it but believe me it's happening.
I can use my country as an example, in 2017 very limited people know what Bitcoin is all about, and a couple of friends that I told about Bitcoin do not believe me, only my biological father trusted me and encouraged me.
Today, things have changed, many people now know and understand what Bitcoin is, and even those that failed to believe in me when I told them about Bitcoin are now strong believers.
Leave the fixing side of things, Bitcoin is already doing that.
I can use my country as an example, in 2017 very limited people know what Bitcoin is all about, and a couple of friends that I told about Bitcoin do not believe me, only my biological father trusted me and encouraged me.
Today, things have changed, many people now know and understand what Bitcoin is, and even those that failed to believe in me when I told them about Bitcoin are now strong believers.
Leave the fixing side of things, Bitcoin is already doing that.
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