Bitcoin Forum

We need to fix this. What in particular? Ourselves. If you're thinking we need to fix Bitcoin to make crypto better then in my opinion I don't side with you. Bitcoin has been created to liberate the economic world of so many hustles but we are trying to kill the motive. After Bitcoin and blockchain, several cryptocurrencies and blockchain initiatives have been developed to help make the world better, but at the end what do we see?
People try to scam people of their money and it scares everyone else who wants to join.
Some people manipulate the market to be in their favour (greediness and selfishness).
Some of us join bounties and cheat (why do you even do that).
Someone invests in a project and then sells below ICO price on the first day of trading...lol..
and so much more....

The fact is that the Bitcoin and blockchain initiative is good and liberative, but those of us who need to properly communicate it to the outside world are not "in our good shape" so at the end, every one gets scared to join. Let's fix ourselves and it shall reflect in the overall cryptospace. In the early days of BTC, those who had the zeal to propel the technology truly did with optimum enthusiasm but that character is not part of the latter adopters. Please a humble request- let's all change or until then the road shall be rough for us in this journey. Thanks for your attention.

Most of the things you've listed here are not problems that occur exclusively with Bitcoin or cryptocurrency.
These are just things that happen due to human nature, so unless you can find something that would make human beings less greedy, I don't see how this can be fixed.

It might be a bit negative of me to think this, but I really don't see how you could completely eradicate scamming and cheating.
Maybe in future societies things like this won't exist anymore, but it'll take a massive shift in attitude to solve it.

There are countries where you see extremely low crime rates, Japan comes to mind, but crime still exists even there.

yes in this case i agree to you .. nothing will change because greed and selfishness is indeed human nature. little solution is already there like america that has made kyc rules for investors and buyer tokens on first sale .. and lately there are some exchanges that try to destroy and manipulate the market so that the investors suffered big losses with prices far below the ICO, I think some of these exchanges must be followed up to legal entities .. if indeed they want to release a token they must first make a contract with the developer. I personally feel this .. finally I was afraid to invest at the beginning of the sale.

Most of those points are Human Error - not Bitcoin or the Blockchain Issue.

Maybe you mean, let's fix this to make the world a better place. Its not only exclusive to bitcoin. What really makes it hard to make this world a better place is that people get too greedy. Greed makes this world the worst. We cannot simply attain success with too much greed. Bitcoin itself is all too much greed, i mean people who are in it. So if we want to be successful with cryptocurrency or bitcoin, then maybe we just have to focus first on fixing ourselves

You are very very right. But what should we do to avoid scammers? Scammers are in everywhere, in every bussiness.. I don't understand how the people can be liar and cruel. Do they know that they hurt people when they scammed? I got scammed twice and lost $3k.. I hope God will punish them all.

Your right,we cant escape those scammers and hackers for doing bad things just only to earned.However if we become more alert and help ourselves for protecting our assets ,they cant maximize for sure their wrong doings. Don't let this things happen to us.

I agree that the cause of the problem we are facing right now is the greed of the people. Investors and medias alike tend to refer Bitcoin as an investment. It kind of hide the purpose of why was Bitcoin created in the first place. But I don't think that we could be able to fix "ourselves" as it is in our blood, a human nature I should say. I think maybe in the later years people will be able to see the real value of Bitcoin, its real purpose in the world. Let's just hope for the best.

it takes a lot of attention and to avoid the loss that happens when it happens

BTC can change the world, BTC can change the world's economic trend and financial market. So we shouldn't change the BTC.

The statement you wrote are is normal for the human being even any kind of transactions of project are they people have an dirty mind need didn't happy if can't make bad things to the other specially bitcoin and cryptocurrency are very exciting jib to make bad things those people expert in the new techonology.

It is all human nature. We can't stop them from doing those kind of things. But yes, it starts with ourselves. Just keep on holding what you believe what is right and forget about the others. Soon, they'll will see that you're quite right. Just be patient, all of us here are.

People just want to make profits from every possible way they just want to explore the financial features of blockchain, this is the reason we have never-ending ICO, whales manipulation of Bitcoin's price and of course so many spams here in Bitcointalk because of bounty rewards.

In the early days of Bitcoin there was like a few thousands enthusiasts and Bitcoin was more of a hobby, an interesting project for coders and social activists. You have to realize that times have changed and a lot of people are here today just to grab some quick money. If the hype will die, the things will start resembling the early days, with people being more interested in technology and actual use than the price. This doesn't mean that the price need to crash, all we need is just lower volatility and less "get rich quick" schemes like ICO's and bounties. Eventually it will happen in the future, because the hype can't last forever, so don't worry too much about it.

in the end I think this is a market monopoly system, who are we? we are just a small trader who has hope to benefit from the crypto world, we can not control the market.

who are we ? we are just a small investor who has small pieces of crypto assets.

your theory is very good, but your theory will not change the conditions in the market.

It's really very unfortunate to say that such scams could not be eradicated completely due to the decentralised nature of crypto currencies.

I really do agree with you. There have been too many scams in this cryptocurrency, and if those attitudes are not stopped or curtailed, we all might be ruined. We need to start being positive and do things right.

Correct. it’s a human error, and the technology is not to blame. So perhaps, this is where a form of regulation comes in. What Alina Dibrova wrote in her paper on virtual currencies makes a lot sense. She said that the real concerns about virtual currencies are not based on its use and creation, as much as their potential in being misused. That is why there is a perceived need for regulation. What is clear though is that virtual currency has a future and will continue to do so.

Most of the people only interested in making profit, they don't really care about the feature or the potential that biycoin offered and we can't control people's to do bad thing with bitcoin, if everyone can used bitcoin for positive thing then it will be great, bitcoin will be easier to be accepted, but most people like to get greedy and want the easy money, some even feel proud to be able to make big money by scamming other people, so it's really hard to hope other people to have the positive mindset

The reality is most people are into making a profit and with or without, you can try to make bitcoin better but it still has to improve in other aspects of its overall features

I think most of the people are here for bitcoin just to get a chance to earn good profit and somehow people tends to sell during bear market which I think is not the right thing to do as supply of bitcoin will rise. As supply tends to rise, definitely price value could go down and bear market could take more longer. People should also patronize bitcoin as a payment system such that there will be circulation of btc and not just being hold by the investors.

Your opinion s good but, People naeture is different, people thinking is not same with you, but if just little change thats good for all of us, and i hope every user in this forum or every people will know about this

With what you are trying to say, you want to fix humanity, which would be near impossible. People will always have greed and selfishness. Fixing this will not just make bitcoin better but all of humanity better.
But i do agree with what you want here, no hackers, bitcoin be used for what it was intended for, this is what everyone here dreams of.

Yes I agree, sometimes btc is not always be the problem and it is ourselves but this our nature. No one can't change the whole humanity by telling something. It is how we used to be.

These are just things that happen due to human nature, so unless you can find something that will make people less greedy, I do not see how this can be fixed. . Maybe in future societies like this will not exist anymore, but it will have a big change in attitude to solve it. A small solution was available as the United States issued rules for investors and buyer token when selling for the first time and recently there were some trading floors trying to destroy and manipulate the market to the homes. Investors suffer heavy losses at much lower prices than ICOs. Personally I feel this .. in the end I was scared to invest at the start of the sale.

Yes somehow I agree that the real problem is within people. Also because people are individually different. I can also say that this is not totally a problem but a uniqueness that could bring good things and bad things if shared properly. I just think that if people work harmoniously, honest and with respect, things will turn out better as we think. We have free will and I think we can not fore anyone to do or fix themselves because someone said so. They just need to know it themselves.

This is a great post.  Peoples greed will always spoil the good time.  Along with the greed we have the people who willing submit to KYC and attach themselves to their address.  When enough of them do it it not only hurts them but us as well.

There is a saying "if your fooled once, shame on him but if your fooled twice shame on you." People should consider researching or verifying if what they're investing in is legit or not, if the founder of the project really exist. In the end it's their own fault investing their money in too good to be true projects and expecting immediate gains.

Bitcoin demand and supply is determined by the traders demanding it and the miners supplying it. It is not a death project and like all coins it don't just go up forever. It will definitely go up and come down.

You are basically trying to fix human nature. Greed of humans will always be there specially when it comes to money we can't do anything about this. Let's just be responsible users and hope that many others will also be.

As we all know with the very popular saying of the English that each coin has two sides and in similar way , bitcoin also has two sides, being so advantageous and beneficial for the mankind, bitcoin too have some pros and cons and this is its illegal activities use and this is the major reason why people and even governments don’t find it trust worthy and thus don’t want to legalise in their nation and we have to fix this thing of bitcoin so that the future of bitcoin will be all clear.

People joining bitcoin does not have the same mind set and character traits which I believe it will be hard to fix the unfixable problem that we are facing in the current situation mainly in the world of crypto community. There are people that really wanted change for the betterment of the bitcoin community and on the other side, there are also people that do not want change and keeps on dragging bitcoin to go down like these whale mainpulators that controls the btc market for their personal vested interest.

Greed will always be with each person. We can only hope that other users are just responsible in their use of bitcoin and be responsible with our own too.

We all know that there is only single issue that is related with bitcoin and that is its illegal use and this is the only reason why most of the multinational companies and many governments does not want to legalise it and legalise its transactions in their nation as no country wants that terrorism will come into their nation so all we have to fix this issue only to make bitcoin the best and superior of all the crypto currencies around so that it will become the global central currency.

I think u are right because ewe need to change our mentality for survive in crypto space because we are greedy and we wanna make rich in one night so we fall in many scams and loose our money, also we need to aware about scammers before investment do some research about company,project and owner then go ahead. if we are planing to join ICO then think is this worthy coins or not or its a scam.

We cant fix the issue in our own, it depends on the person perspective, what they want and what they dont want, but for me just do the good things, just do anything to make bitcoin better. And if everyone will cooperate then im sure bitcoin will become better.

Oh yeah, I need to fix myself in order to get more confident and educated in Bitcoin, if everybody would be fixed that way I think we will attract whole world into cryptocurrencies, been a great strong and supportive community.

The main problems of cryptocurrency are whales, which manipulate the market.

Also, the market is affected negatively by fraudsters who conduct illegal operations with cryptocurrency

I think you just need to wait out this period and explain as much as possible how not to get to the scammers

You don’t
have to bother to change that, they are part of Bitcoin and part of the
economy, even life. Surely you've meet people with similar traits around you
and it’s their character that makes life more dynamic. But that doesn’t mean
they don’t need education.

The technology of block chain is very good. It may change our future life. Bitcoin as an application constraint is more used for speculation. I think we should focus more on technology.

All these stuff does happen with the fiat but do you fix yourself or the fiat system to improve it?

I guess the answer is fiat system and not us. I know that people always do scams, criminal activities and almost the bad stuff all the time because things can change their minds. Like bitcoin, being expensive, being available!

In case of such corruptions system must be revised, for example major event of currency notes replacing in India which caused the black money to detour of the country in blink of an eye.

So system was changed, but not the people. They learnt their lesson.  ;)

I definitely i agree with you. We are the solution to all the problems and misconceptions bitcoin is facing. We need to change and have an open mind. Thanks for making such an insightful post. I wished a lot of people could realize this.

That is right, we are the one creating and damaging the reputation of bitcoin, we have to help each other not to do such thing, we have to protect the name of bitcoin and the cryptocurrency it is for our own good and we are benefiting from it so we should take care of it.

Impossible you want to change human nature, if we had those kind of people in the world we would not need bitcoin in the first place, the technology needs to work despite the flaws of humanity and if does not then it is just a dream, fortunately bitcoin works, the only problem is that you need to be very careful in this market but that is something that everyone that has read about this market should know already.

There are people that really wanted change for the betterment of the bitcoin community and on the other side, there are also people that do not want change and keeps on dragging bitcoin.

It’s individual interest because it affects their lives. So you don’t have to bother thinking about it but if you want to contribute to the community, raising awareness like this is necessary but it’d better if you do real action by educating them, whether online or offline.

That's nice ideas but to me there are people that really wanted change for the betterment of the bitcoin community and on the other side, there are also people that do not want change and keeps on dragging bitcoin to go down like these whale mainpulators that controls the btc market for their personal interest.

this is actually not our problem and not related to bitcoin. but mainly these are either altcoin market problems or a small group of people problems. for instance when some people invest in an obvious scam and lose money, it has nothing to do with the bitcoin community, there are gullible people everywhere and you can't fix it!
or when someone invests in ICOs that are only hot air and nothing else, it is not a bitcoin community problem to fix. it is again their own gullibility and desperation for profit that makes them take such risks and gamble with their money. and the pump and dump nature of the altcoin market is making this situation even worse.

this is a well advise to we bitcoin users and as humans too. this post ain't specifically talking about bitcoin tho but as humans and our everyday ton day business we carry out with our customers and clients also. the human nature is always greedy and if we can kill greed in every business we make or do with anybody.if we want success in bitcoin and cryptocurency we just gotta be transparent to give those comming in hope that we love ourself and we are attaining a goal which is success. we gotta work on ourselves so as much as all this ICO compannies coming in.

There’s nothing to worry about, speculators will disappear over time that stabilizes Bitcoin's price and hype won’t last as much as any other hype, then Bitcoin will return to its main function. The older the market gets the more mature people in it thinking.

I do not think anyone will be able to change that. because it focuses on the dominant thought capitalism of the world. besides, we also need to add weakly ethical individuals.

What's the idea,  I'm ready for anything, anything for btc, anything for crypto, cryptocurrency is the only way, blockchain or nothing

These are things that can't be stopped, you just need to protect yourself that is all

When I first see the topic on the thread i thought maybe bitxoin is faulty but when i read the note under it i discovered that there is nothing wronv with bitcoin but the users of bitcoin is the causes of bitcoin malfunction.i think it is high time we begins to liberate one another. If not what all what yoh had mentioned,invetor will keep running away from bitcoin.

Greed will destroy everything because they will do everything to satisfy their desires including cheating. a little solution to making kyc rules for investors and buyer tokens at first sales and lately there are some exchanges that try to destroy and manipulate the market so that investors suffer heavy losses at prices far below the ICO, I think some of these exchanges must be followed up to legal entities, if indeed they want to release their tokens they must first make a contract with the developer. I personally felt this, finally I was afraid to invest in the initial sale.

I support you fellow,we need to make thing right but it rather unfortunate that scammers and bad people are putting bitcoins' name in a ditch. I trust bitcoin can be better in future.