Who are the subjects here ? Is it us or the government that is afraid to bitcoin ?
If it is us, I think it is normal because people do hold doubts
and if the government fears bitcoin and think they can't handle it if bitcoin population increases there will be issue and they will try to stop every transactions.
Topic: Why are they afraid of bitcoin? - page 27. (Read 2669 times)
I think the fear of bitcoin is because people don 't know bitcoin, know bitcoin will love it, bitcoin leads us to the path of wealth.
maybe the government are afraid that bitcoin will replace fiat and if this is happening, they cannot control the cryptocurrency because they don't have any power to do that. I think they start research about cryptocurrency and I am sure that they will find the effect if cryptocurrency is applied to the real life. besides that, they only think that cryptocurrency has a big chance to give support for people which want to do corruption because they can hide behind the wall without any proof.
People usually are afraid of the unknown and bitcoin is still very shady to lots of people's knowledge if not unknown at all since there's roughly 10% of the world population that has acknowledged the existence of the blockchain technology and it's issued cryptos , and that's not really a high figure if compared to the world population internet access rates . People need to gather knowledge about cryptocurrencies and know what advantages and drawbacks this new ideology provides in order to make their minds about either investing themselves in it or not .
Most people who are ignorant of Blockchain technology think that it is mostly used for drugs and illegal activity since that is what they first heard about it years ago and haven't kept up to date. Of course these days BTC is accepted by lots of companies and crypto is being used on a global scale... not like back in 2009-2010 when it was just used for bad stuff.
Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........
Alright; First, I do not see any connection from the subject and the quoted OP. There is no information or something about being "afraid of Bitcoin"
On the other hand, I do agree that economist should know that digital currency will be the future monetary system. We are already in the modern world and are highly dependent in technology and internet.
With regards to the topic, why are some people afraid of Bitcoin (I'll discuss generally). I believe that jumping to something you do not fully understand will make you afraid of it. This is just normal. How can you trust Bitcoin if you do not know Bitcoin, right. A rhetorical question that would probably answer the question "why".
There are many rumours in the surroundings and they are lacking in the proper knowledge. People thinks that invest in the bitcoins may be a scam or they will loose all money if they will gonna invest in crypto. And there are many news against bitcoins in media. So they create a hurdle.
People usually are afraid of the unknown and bitcoin is still very shady to lots of people's knowledge if not unknown at all since there's roughly 10% of the world population that has acknowledged the existence of the blockchain technology and it's issued cryptos , and that's not really a high figure if compared to the world population internet access rates . People need to gather knowledge about cryptocurrencies and know what advantages and drawbacks this new ideology provides in order to make their minds about either investing themselves in it or not .
Yes I agree with you, the lack of socialization and still many people in the world who have not been able to learn and open insights about bitcoin is one of the obstacles that they fear ... internet, there are still many people who have not been able to learn and use the internet, let alone to open the horizon they are about bitcoin and blockchain technology, I think it takes a long time for the world community to understand about cryptocurrency. we are one of those people who are lucky to learn and earn income through cryptocurrency... 
People usually are afraid of the unknown and bitcoin is still very shady to lots of people's knowledge if not unknown at all since there's roughly 10% of the world population that has acknowledged the existence of the blockchain technology and it's issued cryptos , and that's not really a high figure if compared to the world population internet access rates . People need to gather knowledge about cryptocurrencies and know what advantages and drawbacks this new ideology provides in order to make their minds about either investing themselves in it or not .
So maybe they fear bitcoin because they do not want to scam or lose their money. Bitcoin heralds a new age more disruptive than that of today’s Internet. Disruption can be a good thing, especially when it affects banking, a failing set of business models which, for all the tweaks, have been virtually unchanged for millennia. Paradoxically, some banks are afraid of Bitcoin because it would force them to innovate.
many of us is afraid maybe they think this scam o crime
Why are u think that they afraid?
Maybe they all have mining farms in their gardens...
Maybe they all have mining farms in their gardens...
This possibility is likely
But Mr Bitcoin BTC frightens
corrupt politicians and corrupt businessmen because BTC will redistribute the wealth of the world again
Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........
[/quote
because they think bitcoin a scam or they think is bitcoin is a fraud but for sure they will understand it when they try bitcoin they will understand how bitcoin works or why they need to judge bitcoin they need to learn first so they dont need to afraid or scared about bitcoin can change their lives
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........
[/quote
because they think bitcoin a scam or they think is bitcoin is a fraud but for sure they will understand it when they try bitcoin they will understand how bitcoin works or why they need to judge bitcoin they need to learn first so they dont need to afraid or scared about bitcoin can change their lives
Maybe they are afraid that they might be scammed. And mostly, what we see in the internet that talks about money is we also have to give money first in order to earn money. Also there are a lot of negative stories about bitcoin.
I think they are afraid to get scammed from bitcoin because they don't want to learn about bitcoin. but I don't think that they are afraid to invest their money if they can get a profit. like what above me said, there are too many bad news about bitcoin and people still don't believe in bitcoin so they will tell other people to stay away from bitcoin. but the truth is if they want to know and learn bitcoin for just a little thing, they can know that bitcoin is something different than any of investment that they know and bitcoin can give them a real profit.
governments are afraid of bitcoin for multiple reasons...
the first one being an obvious waste of money. ( huge tax evasion ).
the second one is the lack of control on people. fiat sanctions are avoided, people can benefit of parallel market. that is absolutely illegal. no matter you pay taxes when you cash out or not.
paying bitcoin against stuff whatsoever IS illegal.
the third one is the risk of investments.
and 4th is the government will basically loose power from their own lack of money.
so when the chinese chairman of china's central bank says bitcoin will die, he may be right. at least from a chinese point of view.
this forum is so full of naive "freedom" people. living on a cloud. i like bitcoin for sure.
but remember how strong was the falungong sect in China under Deng Xiaopin era ? there 100+ millions members.
then govs decided to make sure the sect disappear ever again. next year there were only a few thousands falungong members.
you think bitcoin is immortal ? think again.
you can't kill gold. but government can make it illegal anyway. and what will you do ? nothing.
the first one being an obvious waste of money. ( huge tax evasion ).
the second one is the lack of control on people. fiat sanctions are avoided, people can benefit of parallel market. that is absolutely illegal. no matter you pay taxes when you cash out or not.
paying bitcoin against stuff whatsoever IS illegal.
the third one is the risk of investments.
and 4th is the government will basically loose power from their own lack of money.
so when the chinese chairman of china's central bank says bitcoin will die, he may be right. at least from a chinese point of view.
this forum is so full of naive "freedom" people. living on a cloud. i like bitcoin for sure.
but remember how strong was the falungong sect in China under Deng Xiaopin era ? there 100+ millions members.
then govs decided to make sure the sect disappear ever again. next year there were only a few thousands falungong members.
you think bitcoin is immortal ? think again.
you can't kill gold. but government can make it illegal anyway. and what will you do ? nothing.
Why are u think that they afraid?
Maybe they all have mining farms in their gardens...
Maybe they all have mining farms in their gardens...
I think the reason why most of people afraid of bitcoin simply because they don't know what bitcoin really is, they afraid that this bitcoin is all joke only, thinking that it might be a fraud to their investment. Money is everything in this world, they want to secure it and wanta to know how could they get it. That's people mantra about believing into something. To see is to believe.
You might be right. Most of the time the reason is ignorance. There can actually be two possible reason. First one they may not know exactly what bitcoin is and second reason is they can be very conservative financially which literally means they may not like investing at all.
Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........
I think why they afraid of bitcoin because they think that the bitcoin is a scam or just for fun only, But their knowledge about bitcoin is contrary of the true about bitcoin. I want to spread my knowledge about bitcoin because I don't want to hear some people talking about bitcoin that is contrary about the bitcoin.
i think some are afraid because of the volatility of bitcoin , but they dont know this is one of the best trait of cryptocurrencies ,This what makes investors go for bitcoin and altcoins
Why are u think that they afraid?
Maybe they all have mining farms in their gardens...
Maybe they all have mining farms in their gardens...
I think the reason why most of people afraid of bitcoin simply because they don't know what bitcoin really is, they afraid that this bitcoin is all joke only, thinking that it might be a fraud to their investment. Money is everything in this world, they want to secure it and wanta to know how could they get it. That's people mantra about believing into something. To see is to believe.
Traditional currencies like gold, USD have big impact on investors all over the world. Fiat currencies & banks are dominating all economies. These currencies are in the world from hundreds of years. Bitcoin or cryptocurrencies are the latest invention in currency world. They exist only in digital formats. Traditional centralised currencies are governed and regulated by governments; they are less volatile in nature. Decentralised bitcoin is the most volatile currency, no authority is there to backup or regulate its volatility. Due to peer to peer operating method bitcoin is getting used in criminal activities. Due to all these reasons people are afraid of it.
1 They (government) know that influence will be transferred from the elite to the low class citizen
2. The elites are financial empowered with the fiat currency but with this technological driven world, so many of them who are not technologically inclined would be behind as younger generation takes over the wealth
2. The elites are financial empowered with the fiat currency but with this technological driven world, so many of them who are not technologically inclined would be behind as younger generation takes over the wealth
Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........
They aren’t afraid at all. They know bitcoin is too unstable and corrupt to be a problem. They do see the value in blockchain technology and are researching ways to implement it into normal banking.
People don’t understand what bitcoin really is on this forum so they think bitcoin can topple governments and crush evil bankers. Neither of those are true.
Bitcoin is a computerized transaction ledger. It’s nothing but a secure way to share a database worldwide. That’s why it takes two elephants to move a blockchain copy across the street. Imagine having a copy of quicken database software and adding an internet protocol to it and then using it to store every transaction used to buy anything worldwide. That database would quickly become an enormous unnavigable nightmare that takes days to download at high speed (exactly what’s happening right now to bitcoin).
Bitcoin cannot topple governments. The US governments budget and computer financial storage method does not approve and vote for the president. The president approves and votes for the budget. Almost all dollars used worldwide today are not pieces of paper handed across oceans, they are digital representations of dollars. These transactions are stored in huge databases. The EFT/ACH System transfers transaction volumes so enormous it would cripple bitcoin in about 90 seconds if bitcoin were used instead. EFT/ACH doesn’t require dollars. Those transactions could be denominated in anything and the EFT/ACH database wouldn’t care because it’s only tracking transactions. All the fed does is electronically control money amounts. If they used bitcoin the first thing they would do is change the 21m limit.
Bitcoin cannot end banking as we know it. Just the opposite. Blockchain technology could make individual banks transactions more fast and secure. Blockchain wouldn’t be fast enough to handle the ACH/EFT System but it could replace one companies system pretty effectively. That’s why big banking is researching it. Banks can use any currency for their transactions (even bitcoin if they wanted to). Using bitcoin would not change the way the bank does business. It would simply change the currency it’s using from dollars or yen to bitcoin. Banks don’t print money they make loans in some currency. Bitcoin won’t change that business model.
Anyone that says this is wrong is a fool that doesn’t understand how the world works. They shouldn’t be allowed to vote because they will end up putting some dumbass like Donald Trump in office.
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