Your take on Bitcoin adoption trust issues - page 2.

Myleschetty

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

Today I had an opportunity in engaging with some youths, Immediately after Church service, discussing the future of Bitcoin, Their knowledge so far, And what their expectations are.

After long discussion, I found out that a lot of misinformation has be spread to those young lads about Bitcoin, How violating it is, how it can rekt someone, and lot more

It is never the fault because a lot of them join the crypto scheme with the hope that once they invested in Bitcoin their investment will rise. I also once speak with an old friend he's talking about buying a car and I told him that's not an investment and that instead of him buying a car now if he invests the fund in BTC he will thank me when the 4years circle of BTC is achieved.
He told me he knew about BTC and he once invested in it but make lost, I ask him what really happened. He explained everything to me and I see that a lot of newbies always panic sell when their investment in BTC is experiencing a downtrend because they don't understand the market volatility and the potential of the 4 years cycle.

Dunamisx

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

Based on the conversation, I found out that the biggest challenge currently within Bitcoin adoption in those Communities is trust issues, It's extremely difficult and hard for people to agree and come to term with anything that has to do with Bitcoin

Yes because everyone wants to be risk free and no one want to fall the hand of scam the second time anymore, so if you must teach them indeed, then know that there's a little task ahead of you to get them acquire the knowledge about bitcoin and know also the possible risk that may be involved, this will make you also be safe as well from being accused on a later day should in case they anything happens.

freedomgo

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Quote from: BlackHatCoiner on November 06, 2022, 12:19:44 PM

Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

What do you think one can do, to educate those young ones, And drive the point that with all honestly, Bitcoin isn't as bad as they think it is?

Have a dialogue with them. There aren't lots of things to do. Essentially what you're asking is: how can I make a conversation with a biased person? Apparently, by doing it. Explain them the FUDs, counter-argue to energy waste, criminal activity, mining pool oligopoly, ponzi scheme narrative etc.

End the FUD.

Tell them legit information about bitcoin, if they will try to oppose it, then I think you can’t do anything about it anymore. Learning is best done when there is willingness, but if they keep on believing that bitcoin is a Ponzi scheme, bitcoin is not legit, then leave them on that. It’s not the loss of bitcoin actually nor the bitcoin community, biased persons will always seen regretting in the end.

vv181

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Set aside Bitcoin, the actual problem is the education system that let those people merely and willingly grasp anything that authorities or governments told them without self-reflecting what it actually means. Rather than solely focusing on bitcoin topics, guiding them to comprehend critical thinking is way more essential, it's not mainly to fix the bitcoin misinformation. Well, actually, if you teach well enough, you can use bitcoin misinformation as an example.

But my point is, try to solve the actual root of the problems.

noorman0

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[Nope]No hype delivers more than hope

So let it go, there's no point in arguing with the opponent. Their misunderstanding will be difficult to break even if they agree on some point, in the end they convey in the wrong way about our understanding to others. I am only willing to teach people who tend to be neutral and curious, because they will of course empty their cup first.
Regarding the adoption of bitcoin, of course the government will not reveal the shortcomings of fiat to the public unless it comes from self-awareness of the concept of fiat. The government has already tried to build pro fiat trust long before bitcoin was introduced which is the basis of people's trust in general. To introduce the new system to them, at least not insulting the existing system to be more easily accepted.

witcher_sense

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

of those government approved school scheme for sensitization about the danger of digital currencies, Thereby corrupting the minds of those young ones

What do you think one can do, to educate those young ones, And drive the point that with all honestly, Bitcoin isn't as bad as they think it is?

Government-sponsored schools and educational programs never have led to anything good: only indoctrinated and very narrow thinking, which makes people more susceptible to propaganda and prevents them from thinking critically and rationally. Homeschooling is the answer to this flawed 'traditional' form of education. With your trained ability to search for and filter the information about bitcoin and all related stuff, it is quite possible to give people around you education of high quality, education which will be free of misconceptions, government narratives, FUD, and other drawbacks which otherwise may corrupt immature minds. Do not be afraid of being a tutor for your kids: there are many sources on the Internet nowadays which can be used to consume educational information of high quality: YouTube is one of them, where thousands of videos about different topics can compete even with high-quality books. Don't underestimate books, though. If written by people who are able to think critically, they may help to understand some nuances of the cryptocurrency world, even better than visualizations like guides on video platforms.

Pandu Geddon

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

What do you think one can do, to educate those young ones, And drive the point that with all honestly, Bitcoin isn't as bad as they think it is?

Do you live in an environment where the use or possession of bitcoin is prohibited?
if the educational environment provides knowledge regarding the dangers of using digital currencies such as Bitcoin. shouldn't they also provide knowledge regarding the benefits as well.

there is no problem to provide knowledge regarding the real dangers of digital currency. it will actually be good for those who are new to it. it will be even more dangerous if there is a large development of bitcoin adoption without them knowing the risks of what they are doing.
the problem of misunderstanding, I guess it will gradually begin to erode.

ThemePen

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

Based on the conversation, I found out that the biggest challenge currently within Bitcoin adoption in those Communities is trust issues,

Let me share my experience. In my country or community. People still don't know about Bitcoin. And Bitcoin Adoption is mush away from their lives. Mostly are youths. And they didn't know about Bitcoin. Know only paper money.

Whenever we talk about digital/crypto currency they just look at our face. And just ask what are you talking about. Wink

Despairo

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The reason why many communities still doubt with Bitcoin and has a trust issues because the country ban Bitcoin or they're a Muslim who say Bitcoin is Haram. If you live in where Bitcoin wasn't banned and most of the people aren't Muslim, then another reason they're scared of the volatility and don't have physical appearance. It's hard to educate them, personally I will wait until they have a problem at bank aka third parties. You can offer Bitcoin advantage that doesn't rely on third parties to solve their problem.

sheenshane

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

Based on the conversation, I found out that the biggest challenge currently within Bitcoin adoption in those Communities is trust issues, It's extremely difficult and hard for people to agree and come to term with anything that has to do with Bitcoin most especially as a result of those government approved school scheme for sensitization about the danger of digital currencies, Thereby corrupting the minds of those young ones

Different people have a different approaches to Bitcoin on how it'll work, in fact, there are some governments that are already making it legal tender.
Might you'll agree once you understand the usage of this technology behind and how useful it is as a digital currency or most especially if you'll show the Whitepaper on Bitcoin which is the goal of why it was created.

Trust issue has been always there when didn't fully understand it, it makes them confused because a lot of news spread that there are a lot of scams in "cryptocurrency" which is speaking of in general, I mean including altcoins. But Bitcoin alone, it's trusted by the community.

hatshepsut93

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

government approved school scheme for sensitization about the danger of digital currencies, Thereby corrupting the minds of those young ones

If by "digital currencies" they mean altcoins, that's the absolutely right stance, they are dangerous investment scams. You need to tell people that Bitcoin and altcoins are fundamentally different - altcoins are poor copies of Bitcoin that exist only to enrich the developers, while Bitcoin is a legitimate open-source project.

And people should be aware of dangers of using Bitcoin to avoid doing expensive mistakes and getting negative experience that would turn them away from Bitcoin. So you shouldn't out right dismiss concerns but explain how Bitcoin has both positive and negative sides.

SweetL0u

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One solid argument, is that BTC has been running for more than 13 years without any major downtime. Banks and other payments solutions, experience downtime few times a year. Just shows how reliable is BTC

SatoPrincess

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

What do you think one can do, to educate those young ones, And drive the point that with all honestly, Bitcoin isn't as bad as they think it is?

Bitcoin isn’t bad at all. There has been a misconception that bitcoin is a ponzi scheme, it’s one that hasn’t faded because scammers leverage on it. People that say they do not trust bitcoin simply do not understand how the blockchain works. And I think you should start from there, if they understand the nature of bitcoin and how transparent bitcoin transactions are on the blockchain I’m sure they would see things differently.

sunsilk

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It can really rekt someone if he's versed into investing and holding bitcoin. Because, that newbie can be scammed if he has no idea of those existing and rotating scams.

Next, they can be a victim of phishing links for which they will enter their private keys voluntarily into thinking that they're on the right app or wallet they've downloaded.

Lastly, if they don't understand volatility and will make them panic during the corrections.

JeromeTash

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Heisenberg

Those who are flexible and sharp enough will come through after sometime. The rigid ones will take a lot of convincing before changing their beliefs but don't waste a lot of time trying to convince those who don't want to change.

Most people believe by seeing, perhaps you try to demonstrate them how Bitcoin works through a live transaction showing them how Bitcoin's transactions are boarderless with little transaction fees used.
Also present to the Bitcoin's market data so that they have an idea how far Bitcoin has come.

BlackHatCoiner

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

What do you think one can do, to educate those young ones, And drive the point that with all honestly, Bitcoin isn't as bad as they think it is?

Have a dialogue with them. There aren't lots of things to do. Essentially what you're asking is: how can I make a conversation with a biased person? Apparently, by doing it. Explain them the FUDs, counter-argue to energy waste, criminal activity, mining pool oligopoly, ponzi scheme narrative etc.

End the FUD.

gantez

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Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

Based on the conversation, I found out that the biggest challenge currently within Bitcoin adoption in those Communities is trust issues, Thereby corrupting the minds of those young ones

I see this kind of not really understanding the trust aspect here. Why trust? You didn't need to do any adopting seminar for bitcoin. The global economy is having need for digital marketing system.

Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

It's extremely difficult and hard for people to agree and come to term with anything that has to do with Bitcoin

They probably have issue with networking and other aspect of getting rich quick.

Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

What do you think one can do, to educate those young ones, And drive the point that with all honestly,

Nothing. Absolute nothing. What do you even need to convince someone about bitcoin ?

Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

Bitcoin isn't as bad as they think it is?

How do you mean bad ? Shocked

Quote from: Lordsilvabtc on November 06, 2022, 11:50:42 AM

sensitization about the danger of digital currencies,

What are the dangers?

You have to know how to send coin and receive. You send to a wrong wallet and you lose your coin. Buy in a scam exchange you are scammed.

Lordsilvabtc

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Today I had an opportunity in engaging with some youths, Immediately after Church service, discussing the future of Bitcoin, Their knowledge so far, And what their expectations are.

After long discussion, I found out that a lot of misinformation has be spread to those young lads about Bitcoin, How violating it is, how it can rekt someone, and lot more

Based on the conversation, I found out that the biggest challenge currently within Bitcoin adoption in those Communities is trust issues, It's extremely difficult and hard for people to agree and come to term with anything that has to do with Bitcoin most especially as a result of those government approved school scheme for sensitization about the danger of digital currencies, Thereby corrupting the minds of those young ones

What do you think one can do, to educate those young ones, And drive the point that with all honestly, Bitcoin isn't as bad as they think it is?

Topic: Your take on Bitcoin adoption trust issues - page 2. (Read 408 times)