Topic: Bitcoin has a bad reputation (we should fix it) - page 5. (Read 784 times)

Time is great at convincing. The longer bitcoin exists the more people will change their minds.

You need decades to change people's way of thinking. Sometimes you need a whole new generation to grow knowing about bitcoin. You can't make 70 year old people who grew up using fiat to understand that fiat is the real joke, not bitcoin.

The easiest way to make it harder for criminals is to stop believing them and falling for their traps. They are stealing from people because people think they can get something for nothing.

No, we do not do anything about it. We just keep it as it is and see how Government changes its infrastructure for Bitcoin adoption. In time, they will have to change it because Bitcoin is unstoppable. The more banks fail, the more criminal activities rise, they will have to go through it systematically and see what can be done.

I might sound a little off the track here however, a system can only be set by Government in the current scenario. The negative image is all because of a few criminals around the world. If we start doing something for Bitcoin, then it should be buying more holding more, and having our own keys in our possession. That is all for its survival and long-term future.

A system is actually already in place. There are now updated crypto regulations. There is already KYC/AML required by governments. But may I remind you that this is not Bitcoin's task. Bitcoin is invented as a decentralized currency, and it is truly successful being what it is. 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.

I have talked with a lot of people who are not so much into anything technological and non-tech savvy people and what I can gain from them is this.

"It's not tangible"

I think as humans, they want something real and really be held using arms or something. They want to really have that tangibility that some assets have and I think that's where it's hard to grasp for other people. Some people know that it's the people who are evil and not the technology itself so I think it's not the reputation per se.

I don't think we should even try to do that as it is usually waste of time. People have their preconmceived ideas about Bitcoin and amount of persuasion will change them. Instead, it is the best to let people come to that by themselves gradually, as Bitcoin is slowly getting into mainstream.



Problem is that you would screw us the regular people if you implement some system that makes it harder for criminals to use Bitcoin.

We all have this feeling that "Bitcoin's adoption is really slow", but when they're ask for any proofs that the process really is slow, they can't give anything.
As for adoption, do you think that it will take only 13 years for Bitcoin to be fully used by people around the world? It will took a longer amount of time before many people will be using it. Also take note that not all of the people have gadgets that can access Bitcoin.

Bitcoin being used for criminal activities. Fiat currency is being used for criminal activities as well so what's the difference?
Bitcoin as a bubble. They think that way because of how volatile Bitcoin is, and I think there's no way for these people to change their minds unless they will get used to it.
Bitcoin being used for gambling purposes. I guess it's a good thing since it just shows that many people are using Bitcoin.

Convincing people that they're wrong. I don't know if it's only me, but I don't really like convincing people when it comes to Bitcoin especially if they aren't interested in learning it. Yes we can educate those who are interested, but those who are interested doesn't look Bitcoin that way IMO. I'm pretty sure that they will learn what really Bitcoin is. Create a system for criminals? It's just a waste of time. Just let them use Bitcoin for their criminal activities because after all, fiat currency has been used for that purpose as well, and yet, no one is stopping them from using it.

I think the goal should be to inform about the facts regarding bitcoin instead of convincing them to invest in it. When you inform someone about bitcoin, you are providing them with information and knowledge about what it is, how it works, and its potential benefits and risks. The goal is to provide them with accurate and unbiased information so that they can make an informed decision about whether or not to use or invest in bitcoin. On the other hand, convincing them is like persuading them right away to buy or invest in bitcoin. They may think that it is part of a scam especially if they are already so closeminded about it. Since it is always challenging to convince someone to invest in bitcoin if they hold a negative view of it or believe that it's a joke, it's important to start by addressing their concerns and misconceptions about bitcoin.

It'll be best to inform people first and let them decide for themselves whether they want to use or invest in bitcoin based on the information you provide. We may not ultimately remove the bad reputation of bitcoin but atleast we are able to inform more people about its facts. It will be their lost if they don't listen.

Do you have any evidence that bitcoin adoption is slow, or is that just your opinion? How long did it take you to accept it, and do you want people to accept it immediately? What I'm seeing is bitcoin being accepted too fast compared to other assets. A new asset class, opposed by the government but still strong enough to survive and thrive, it was a huge success for bitcoin.

Bitcoin has a bad reputation because the governments tell people that it's bad and used in illegal activities. The problem is that average person is Dumb and the aim of every election campaign is to focus on these dumb people and tell them what they want to hear and at the same time ensure them that this or that is good or bad for them. They do these because it's the quantity of votes that decides the fate of results.

So, we know that bitcoin is good and the governments know it too but problem for them is that they don't have power and influence over Bitcoin, they can't control it, they can't do whatever they want with this currency, that's why they are giving bad reputation to bitcoin.

But, at the same time, what they say is right. You can see a lot of examples when bitcoin is used for illegal things but so is USD. Money is money, everything has price, some people pay for good things, some people pay for bad things, bitcoin is not the root of evil there. By the way, here again, they keep your attention on the fact that bitcoin is used for illegal things while they completely ignore that USD is used for illegal things and banks have constantly done illegal transactions on purpose and tons of money has been laundered via them.

Well, I can show anyone that I can buy PC/Laptop on NewEgg by paying with Bitcoin. I can buy KFC chicken with bitcoins, I can buy gifts for someone with bitcoins and make them happy. I try to show them by doing so that it's not an enemy currency.

People have different taste for benefit and risk. You can not have anything with benefit only and without risk. Bitcoin brings you potential benefit that is true but it contains risk too.

You can convince people who are more keen on benefit with Bitcoin and consider risk is small or not important. Nevertheless there are other people who consider risk is more important than benefit and they will ignore Bitcoin, choose other alternatives which they believe are safer than Bitcoin. They can be wrong with their assessment of Bitcoin and other alternatives but you can not change them.

Indeed, education is an important tool to change people's minds about Bitcoin and blockchain. The more people learn about technology and its potential benefits, the more they can appreciate its contribution to the world of finance and economics. However, besides education, there are other ways to change people's minds.
You can also promote the use of Bitcoin and other cryptocurrencies in legal areas such as tourism, retail, and micropayments. The more people start using Bitcoin and learn about its real benefits, the more they can understand that Bitcoin is not only for gambling or criminal activities, but also for use in the real world.

Years ago, this was probably true, many people considered bitcoin a good joke, just like the tulip craze that will one day disappear. But so far, things have been entirely different, people have taken bitcoin seriously, and I don't see any delay in accepting bitcoin. We can't ask the whole world to accept it at once, that's impossible. Bitcoin is a decentralized currency, it is normal that some governments will more or less dislike it. For me, what's happening with bitcoin is pretty fast, not slow at all, with new technology and a lack of support from many governments, such development is excellent.

For sure there are a lot of people that have a bad perception of Bitcoin mostly because it is involved in a lot of different activities including illegal ones. I mean that's totally normal if you don't know a thing and you heard nad things about it your going to have a bad perception about it and probably think that Bitcoin is illegal or something like that.

I think the best thing to do is just to promote Bitcoin, the more we promote Bitcoin the more people will get interested in it and will probably learn and understand it. If they understand Bitcoin and know what it is they will know that it is not what they think it is, theres no need to convince them.

Bitcoin price was less than $1, but now the price is over $20000. Bitcoin marketcap was nothing before, but now over $500 billion. It has only been 13 years since bitcoin was created. No asset has increased like bitcoin. If they think bitcoin adoption is not significant like they think it should be, we are still satisfied with how it has been so far. If not more than 5 million people have bitcoin in the world for now, it is a good thing because it means it is never too late yet to buy and expect good ROI in the future.

Has darkweb not be existing before the creation of bitcoin? Bad people has always been having a way to hide many of their bad activities.

And these are the people that misled some people that did not buy bitcoin at the appropriate time and they miss the bull market. That is why it is good to never believe people. It is good to do own research to know about a project or a coin like bitcoin, rather than listening to people.

If anyone do not buy bitcoin because it is used for gambling, that is stupidity. If a person can argue with me and say it is not stupidity, I will tell the person that it is not stupidity if he or she will not be spending fiat again because it is used for gambling.

Education is the way, I agree to this. But it is good to also educate them about the bear market and how to avoid it.

Why should we bother convincing people about their misconceptions? I'm sorry, but this approach looks too desperate. New innovations take time, and despite having been launched for over a decade now, Bitcoin has received tremendous attention from the public the last few years after Covid, due to its great performance. More and more people will eventually understand its technicalities and why these common misconceptions are basically myths to a large degree and not something worth noting.

It's very easy to debunk each one of those points you mentioned, especially the last one regarding gambling. Physical and online casinos have been a thing long before Bitcoin became popular, so I don't get why there are still people claiming that cryptocurrencies are gambling-oriented.

I don't think it's important to convince people to believe in Bitcoin. For what? I once heard the thought, "People who don’t want to hear about Bitcoin now are like those who once refused to hear about the Internet."
Give them time. Bitcoin goes its own way; everyone comes when they're ready for it. There is no need to forcefully teach anyone, and even more so to agitate them to invest in Bitcoin. Let people think the way they want while you live your life using new technologies. The world is changing, and as it was with the Internet, so will it be with Bitcoin.

Before Satoshi created BTC, criminals were using every other currency and tools for their crimes, after BTC was created it only became another currency added to the list of currencies that criminals can use, BTC is not their only tool like the government want people to believe. We don't have to create any system to counter criminals because that would mean censorship, whereas BTC is a censorship resistant and permissionless currency.

The system has made the life of criminals harder because it is not possible for a malicious actor to control 51% of the hashrate, and the network is very secure through the proof of work algorithm, but when it comes to usage, the network is free for everybody and it will never censor people like centralized services do.

A good number of people have already been trying to debunk these misconceptions through YouTube videos, conferences, articles, social media replies, you name it. It's just the simple fact that a lot of people don't want to be convinced otherwise.

Bitcoin is decentralized, unfortunately, there is no other way to change people's opinions about Bitcoin, if they are not willing to help themselves by doing research and learning about why Bitcoin was created, we can't help them, no one can.

Do your best and leave the rest they say, I have done my part and I will continue to do it, I have been able to prove some people wrong, and they listened, the argument started when they remained firm on their point that Bitcoin is for fraudsters, so I just gave them a few reasons why Bitcoin is better than government banks and fiat, and this caught their attention.

Today these people are not Bitcoin believers, we don't have to force anyone, but if they are ready to learn, the door is always open.

The challenge is that we would be going against strong propaganda centers that have been spreading the FUD about bitcoin through the media that they also control or have tight relationships with. It is extremely hard to counter that because we don't have the same reach.
The only thing we can do is to first educate ourselves and then give those people "facts" about bitcoin with indisputable data.

Bitcoin is a tool so like any other tool it can be used for many different purposes. Just like you can't make a kitchen knife that couldn't be used as a murder weapon you can't create a currency that criminals don't use.