I edited a previous post, so I am posting again:
Bitcoin is a very difficult subject to explain and generally speaking when telling people about bitcoin the bubble/ponzi scheme/fraud reply is the easiest answer of objection.
I thought about that and came out this happens for at least three reasons (or a combination of those):
1. You are not good at explaining
2. The subject (bitcoin) is a very difficult topic
3. The person you are addressing to has to be open to explain action about the difficult subject.
1. You are bad at explaining.
Bitcoin is a complicated subject so, as Latin used to say, you first have to have a good understanding of it in order to explain effectively, this is difficult (point 2).
It’s 2018, and you don’t need to be a very good explainer, but you can address your counterpart to a good plethora of resources: videos first of all from A.Antonoupolous, or the website from Jameson Lopp (
https://lopp.net/bitcoin.html) or even a few twitter account.
Now I am getting better, and the more I try the more effectively I can answer the easiest, and more common, objection to Bitcoin.
2.Bitcoin is a difficult subject because it is something at the intersection of four very different topics:
1. Monetary theory
2. Game Theory
3. Distributed computing
4. Cryptography
I thin a dozen people can understand the 4 topics with the full required details, a hundred 3 out of four, a few thousands two, and manw thousands just one of the four.
Note that each field is necessary fo fully understand bitcoin, and the lack of each of them deeply change the matter.
Of course say I am a cryptographer: I will tend to interpret bitcoin in a very different manner than an Austrian Monethariss, being the opbject exactely the same.
So, Bitcoin is difficult because it IS difficult, actually one of the most difficult topics right now (that's why i think there is a so high concentration of brain power, money, and efforts pouring in this industry).
3. There are people that are in a set of mind that will never understand Bitcoin, or they won’t accept any explaination about it.
Take Nouriel Roubini, he’s a supposedly very intelligent person, but badly reacts to every bitcoin news. I don’t know what happened in the past, but he’s blindly and stupidly against it. Bitcoin is a difficult matter, so for the persons not really willing to understand and adopting an open mind approach to the subject: staying in the ponzi/fraud/bubble position is a very easy and convenient position, as it doesn’t require any intellectual effort.
My two cents,
Filippone