Bitcoin has a bad reputation (we should fix it) - page 6.

John Abraham

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You don't have to convince anyone to trust Bitcoin.

Quote from: satoshi on July 28, 2010, 09:00:38 PM

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

This is not the exact same reason why Satoshi said that. But the quote is still valid.

People are still dumb enough not to understand Bitcoin. Bitcoin is a currency. It cannot be a bad thing. It depends on how you use it. We invented weapons for our safety. We Invented drugs for our health. A weapon could have various uses. Criminals use it to do bad things. But Army uses it to protect our country. Most Criminals use Fiat money to deal with. A few percent of Criminals use Bitcoin or other cryptocurrencies for their work. That doesn't mean Bitcoin is criminal money.

Bitcoin doesn't have a bad reputation. It's a currency. It shouldn't have a reputation.
A Gun shouldn't have a bad reputation because it can kill a human. It can kill innocent people, and it can also kill a criminal. It depends on who uses it and for what reason. We don't have to fix anything. Everything will be improved over time. Just let it happen.

wxa7115

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Bitcoin is GOD

Quote from: crypticj on April 08, 2023, 07:50:08 PM

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?

But who is creating that reputation? Who is pushing for that image to form in the minds ordinary people over and over again? Those in power of course, for such a reputation to change we will need those very same people to change their minds about bitcoin, an impossibility if you ask me.

So there is nothing we can do to bring a massive change to the way bitcoin is perceived, and our only option is to let each person to discover on their own the truth, a very inefficient method I am aware but the only one which is within our grasp.

pakhitheboss

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I remember post 2017 every main stream media had an agenda of creating negative image of Bitcoin. For some reason it got less after 2021 and now none of them are discussing about Bitcoin after few banks went bankrupt.

I think this year has been the best for Bitcoin reputation and I believe that it will remain the same in coming years. Adoption has been steadily growing and we can expect a few countries this year or next to declare it as a legal tender.

I do not think that we need to do anything now. All we need to do is to wait for USD to plunge downwards and we will see that the reputation of Bitcoin to go upwards.

Husires

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According to my experience, people are afraid of something new. I remember that there was a drawing 100 years ago showing electricity as something evil.

Therefore, it is natural for people to be afraid of Bitcoin or warn of it, and we do not forget the role of the media in drawing this bleak picture and the bad use during the first years of this technology.

The more time increases and the alert gradually increases, people will understand Bitcoin, especially since many user-friendly wallets began to appear, and not in the past, where the use of Bitcoin was restricted to those who had good knowledge of dealing with computers.
So the issue of changing awareness requires a little time and it is a gradual issue, the view will not change in a year, two, or even five years.

Don Pedro Dinero

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Quote from: crypticj on April 08, 2023, 07:50:08 PM

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.

Keep thinking. I think you are 5 or 10 years too late, it had a much worse reputation before.

Because you give the wrong diagnosis you put forward the wrong proposals. The adoption of bitcoin is not a matter of reputation.

Perhaps now with the next launching of CBDCs governments will want to attack reputation but as of today it is unstoppable and is on a slow but sure path to mass adoption.

TravelMug

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There is nothing to fix, bitcoin was not design to be used by bad actors, but if someone is taking advantage of it, then we can't do anything about it.

And according to this report:

Quote

hainalysis also estimates that the criminal share of all crypto transactions in 2020 was below one percent. A study conducted by the Massachusetts Institute of Technology in the United States claims to have evaluated all Bitcoin transactions to date and concluded that only three percent of them were related to criminal activity. If that data is correct, the criminal element of Bitcoin is no greater than in traditional markets, and drug dealing, blackmail and con artists all existed before Bitcoin was founded in 2009.

https://www.redbull.com/int-en/theredbulletin/bitcoin-currency-of-criminals

As far as it's being used by gambling, then there's nothing wrong with it, you can't stop people from gambling and even if fiat industry, gambling is a big business billions worth every year.

Lorence.xD

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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.

Solosanz

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Bitcoin is decentralized and it's a freedom to choose, if you're force them to buy Bitcoin because of the good thing or advantage in Bitcoin, what's make it different with a government which force their citizens to use their worthless fiat? you're just make a centralization in Bitcoin since you force anyone to follow your choice.

Let alone people who think Bitcoin is an illegal currency, bad currency, bubble, haram etc.

I know Bitcoin and I have a good reason to buy Bitcoin, why should I need to wasting my time to convince everyone else?

Latviand

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Quote from: crypticj on April 08, 2023, 07:50:08 PM

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 it's slow, adoption also takes a long time so I don't know where you're getting this. Regarding the reputation, can you list at least some reasons as to why do you think that it's the reason that the adoption is slow. Give us an example like an article about people that think that bitcoin is a joke. You need to cover your bases my guy because you're spouting nonsense right now.

lassdas

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Quote from: crypticj on April 08, 2023, 07:50:08 PM

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 the life of harder, what's stopping you from using that same system to make the life of harder for whatever reason you can think of.
Bitcoin is permissionless for a reason.

hd49728

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Not your keys, not your coins!

Quote from: crypticj on April 08, 2023, 07:50:08 PM

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.

People are free with their minds and they can think Bitcoin is either a joke, a fraud or a virtual thing. You don't need to convince anyone that Bitcoin is a good thing with good reputation. It was not created to be used for criminal activities including dark markets and money laundering so it is not related to bad reputation caused by those activities.

Is Alfred Nobel related to many deaths in the Russia invasion to Ukraine and Russia - Ukraine war? He is not responsible for it and you know who is responsible for it.

He has patent for dynamite but he is not responsible for people who used it to kill others, in wars and invasions.

Quote

Nobel's most famous invention was dynamite, a safer and easier means of harnessing the explosive power of nitroglycerin; it was patented in 1867.

Quote

There are also people who think that Bitcoin is a bubble that will explode and lose its value, so they don't trust it.

Tell them about bubbles and collapses from banks. Bitcoin is not dead but many banks were dead.

https://buybitcoinworldwide.com/bitcoin-is-dead/
https://99bitcoins.com/bitcoin-obituaries/

Hispo

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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.

Granted, It can always be better and more people can be more open about new things like this one, which is supposed to help people to take control over their assets, i would rather an approach which promotes education about the blockchain technology in general, so people can continue from there and do their own research (as they are supposed to).

Also, as far as I am concerned more cyber criminals have moved from Bitcoin to other coins which take an emphasis in being fungible and privacy, because there are already tools to track Bitcoins on-chain that discourage them.

crypticj

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Activity: 873

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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?

Topic: Bitcoin has a bad reputation (we should fix it) - page 6. (Read 785 times)