Bitcoin Forum

Last weekend I spend some time with some of my relatives and one of them were playing a online game called, Forge of Empires. This is a browser-based strategy game with more than 10 million registered users  :o

The main goal of the game is to expand and develop a city beginning from the Stone Age and ending in the Virtual Future. (They even have Crypto currencies as a tradable commodity within the game)  ;D <Well, not actual Crypto currencies, just a in-game commodity>

So after watching my nephew playing for 1 hour and talking to him, he revealed to me that he spend over $1000 on buying virtual diamonds in the game. <in 6 months>  ::)

We started talking about real Crypto currencies and he immediately started the argument that Crypto currencies are "fake" money and that it was not real money or even a commodity. My counter argument floored him, because I asked him if the diamonds that he bought in the game was real or if the items that he bought in the game was real.?

His whole perspective on Crypto currencies changed, when he realized that digital items can have a value and that the virtual items that he bought within the game had less value than the bitcoins that can be bought and sold.  ;)

He asked me to help him buy some bitcoins and he was very happy after a week, when he saw his investment in the supposed "fake" money, going up in value when the price increased.

Should we confront more people with the argument that most of the digital items that are bought online, might have less value than Crypto currencies.  ;)

Ps. I emailed the developers of the game <InnoGames> and asked them if they might consider accepting Bitcoin as a payment option, but they gave the generic answer that they are open to new payment options, but they cannot give a timeframe for when this might happen. <I think more people should ask them>  :P

I think the topic doesn't belong here. It talks more about bitcoin and bitcoin awareness, not relevant to gambling at all.

It's actually great how cryptocurrency awareness reached young kids even thru games. Since bitcoin is being adapted and used as a form of payment, game developers should consider this too, saving players risk of using credit/debit cards on paying game credits.

Good way on how you enlightened your nephew about cryptocurrency. Number of young people getting involved in crypto is increasing as time goes by, cryptocurrency awareness for newbies should be eminent, for newbies not to get a wrong impression for crypto such as scam or a way to lose your money easily.

This post basically belongs in the Bitcoin discussion section which is why I agree with the poster above me.

The biggest problem with transacting with BTC is the process is not that simple when compared to other digital payment methods(Visa, mastercard, Paypal etc) which is why we need a better system when compared to the current one to solve this issue and simplify the process.

This is what called money can buy anything. His perspective changed when he realize that Bitcoin is a valuable thing which is able to give him extra-money. Anyway, I'm glad that you have successfully added new people to know about cryptocurrency, I hope we all can do this. We can influence people to join this future world (I believe so) and make crypto acceptable in our society.

First of all you have to move this thread to the bitcoin discussion section and back to you post, many people have misconception about bitcoin and while I was going through your post I discovered that your nephew view about bitcoin being fake money comes from the game he was playing since he was owning fake bitcoin in the game and using it only in the game but his view change when you proof to him that bitcoin exist in real form and is tradable. What most people need is the right orientation about bitcoin and the cryptocurrencies entirely.

In my opinion, game currencies had also value because you paid to earn or have it. Game currency could also not having value as game currency is a business by the company of the game to fund their game and profit. In short, game currency has value because you have to pay for it and doesn't have value. The thread should be moved to the correct board.

For a Chipmixer poster.Im surprised that you dont even know on which board would fit out the post you have made.Im pretty sure that you do know that
this has nothing to do with gambling.

On topic where convincing other people about bitcoin wont really be that easy thats why it would depend on your reasoning and deliverance on how you do
describe or define bitcoin

I agree that people assume bitcoin has no value because it's not tangible, yet they have no problem regarding fiat currencies as having value even though they are now mostly digital. A currency does not have to have a paper asserting it is approved by a particular government. I think it's the assumption that a currency needs to be government backed that drives this belief.

I still have a doubt about of his nephew he doesn't know more about of cryptocurrency and investment. But with his help, if he will help his nephew by teaching him lessons about investment and cryptocurrency. He might be a professional trader someday, who knows?
By letting someone join in the group of traders and investors is kinda hard at first but if dedicated to it then you will have no problem.

Well everyone have their opinion we just have to tell them ourside to clarify things up.
We need to educate them to help them understand and know correct their misguided ideas.

Your point of view is a marxist point of view: to your nephew the game currency has more value than the fake cryptos, to you it is the opposite. Who make the most of it?

But your nephew is smarter than a lot of people here: he didn't pay his game with "real money", he paid the service (the fun he gets from the game) with something that a lot of people consider "money" but which is not money, thus "fake money"; the same way spaniards gave the natives of the Americas mirrors in exchange of gold. This is his reasoning (I don't know his age, but it is a good reasoning coming from a child).

Bitcoin is a digital crypto currency that has really an amazing value, nlw a days many people really wanted to have bitcoin for good because bitcoin has really a great value and if it will be going to exchange in money we can really get an amazing amount, i think bitcoin is not a fake money it is a digital crypto currency that can be change to fiat in short bitcoin is considered as money.

My friend had the same experience though it did not end well.

He told me that story years ago in their house and it is the first time he knew about it. His parents are talking about points on a platform and he thought he might tell them about Bitcoin but they kind of disagree with it. They think that it is a scam and people are trying to get on it so they can just leave them and run with their money. I can't blame him to not answer that question since as I said, he just knew about it at that time. We just let them time pass and that is when the time that the price reached its ATH and we sold some to prove to his parents that it is not a scam. They have their reasons and still a lot of arguments about it but while the time passes, they are starting to like how their son is earning money with it. I don't know, but all I know is that the last time we talked about cryptocurrencies, his parents are just listening to us.

did you ask him if bitcoin is fake money
what is usd,cad,euro and the yen?

I'm sure that devs of that game will just follow the trend of accepting btc if it gets adapted. But back to the topic, btc already has its innovative use but the 'need' which is always the number one ingredient in a product or service is still not present on people so we just need to make them feel it like the way they need the items or skins in a video game.

Bitcoin is the real money and you can take profit with bitcoin by investing and trading, how ever is not true when some one talk about bitcoin is fake because bitcoin is digital e currency money and you will be able getting much profit.

Exactly! Bitcoin can be medium of exchange so it is actually money for that matter though this is digital. Just like eBooks, digital can have real value and can do what their physical counterpart (printed books) has been playing for as long as we can remember. We are now in the different period of our history where big changes is happening and will continue to happen. We just have to be prepared with open mind. The future of money is with cryptocurrency that is why many big names in many industries are now starting to invest with it including the blockchain so they can issue their own digital token which can have the value of money.

Why bitcoin is called fake money, because bitcoin is a digital currency that doesn't materialize or isn't real but is very valuable.
and bitcoin as the world currency that can be used to buy anything by exchanging bitcoin with real fiat or money and adjusting any currency and many ways depending on the progress of the country in using and developing the bitcoin where they live.

A nice story OP but I do not how your nephew will react if price drop again.
In my view it does not make sense to compare game ( where you pay for entertainment ) vs Bitcoin ( i.e used for investment and payments).

Just like your nephew didn't understand before, others in the world too fails to understand that money can be said to be anything any two or more individuals gives value to and intend to accept in exchange for goods or services. Just like those virtual diamond he bought with his fiat currency, they too can be said to be worthless (fake money) to those who don't understand the usefulness of the diamond so is bitcoin and they're worth some value to those who do understand its value and accepts it as a means of payment. Many people are so brainwashed that they begin to think any thing that isn't approved by government body can't be considered a currency, education them (just as you did to your nephew) is the only way we can help them understand bitcoin isn't fake money but the real deal.

How can become that bitcoin was a fake money, if Bitcoin itself can be convertible into fiat currency?
Aside from that, why some other merchants in the entire world are accepting bitcoin as mode of payment to
their business too? How would you explain that?

Just like that your relative, many people have the same perception about btc, they don't believe that btc or Digital currency in general has real value outside the internet, most people can only believe and trust what they can feel and tough, i also know lots of people who looks at you in a strange manner when you start the topic of digital currency and how it has evolved, i think confronting more people is not a bad idea but convincing them to really fully believe is the big problem, some people are very close minded, you can't penetrate ;D  

if there are people who don't believe they are someone who doesn't know Bitcoin well. learn the understanding of bitcoin so that we will be able to find out what benefits we can get from using bitcoin and other digital currencies. Bitcoin is real and its digital form makes bitcoin a practical financial system.

the currency in the game is fake currency. not Bitcoin. if your relatives begin to realize about the BTC and crypto currencies after you explain to him, then, guide your relatives to better understand the concept of decentralization!. I often argue with my family about crypto and BTC currencies. finally. they also support me. but they are stupid, primitive and don't care. so my family has no interest in joining the crypto world.

Ok, to all the people moaning and bitching about my little mistake by posting in the wrong section, SORRRY!!!!! Geeeezzz….. People make mistakes FFS! <Chipmixer posters are not perfect in any way, but +1 post for your Sig campaigns.  ::)>

In any way, let's get back to the topic of my thread. The point I am trying to make is that people convenietly forget about what money is, when they want to win a argument and we should point out that ANYTHING can have value if someone is willing to trade for it. <Even if it is a digital item>  ;)

I do not think why it would be faked, but if it was a bitcoin faked then it would not have been used so long and it would have been damaged soon but in reality it is seen that its usage will be increasing day by day.so how can we tell Bitcoin fake money  :)

Even in the late 1990s already I was exposed to this kind of concept when visiting South Korean students (usually with rich dads trying to get them to escape mandatory national service) would spend their entire day just grinding on some hack and slash, collecting items skins... and paying through their nose just to get supposedly rare armour and weapons. A few years later you'd hear of job postings basically offering you to play games and get paid for it. Imagine a room of 20-30 computers, kids just playing games grinding out hours just to collect items that get sent to a central account. People would get paid shit rates, but because it was games they thought they were getting a great deal. Apparently, it's still a thing 20 years later, except that kids have more income and the industry is getting even bigger. Last I checked with mid 20s playing things like Forge of Empires, a couple of hundred dollars a week was the norm.

So digital money = fake money? Hasn't been true for 20 years.

If people are willing to pay for something, there's your value.

those who are not familiar with cryptocurrency will assume  cryptocurrency is  a fake money and also assume scam and others. I will agree with that assumption, when in the begining I think the same about cryptocurrency. because basically cryptocurrencies are digital and are still difficult to use in the real world, that is understandable why people cannot understand them well.

I would love to discuss these with my nephew but I don't think my words will get through him. He is a lovely and kind nephew it's just that he doesn't want to do something that he doesn't want or he has no interest in. He likes to earn money but he does it in his own way that also made me proud of him. Though I hope I can get through him like that.

One takeaway from this story is the subjectivity of money and value. A unit of something - tangible or digital - has value that others perceive it to have and which they are then willing to spend for it. This perception of value can fluctuate over time. As bitcoin comes of age, this perception of value is likely to grow.

The right word shouldn't be "confront". I think persuade/coax/convince should be appropriate in such a matter like winning people over to our line of thought. For me, I don't even allow the negative thoughts of people on Bitcoin affect my decision. I am pro-bitcoin and that's what matters

I'm kinda used to these people. I observe them by throwing a few simple questions in their direction to test them; if they pass the test, I'll do my best to educate them, but if they fail, I will not waste a single second explaining what Bitcoin is. Those who don't care or think it's a scam or fake by default won't listen to anything of what you say. It's ear in ear out.

I have noticed that it's way easier to convince people of Bitcoin being digital Gold rather than money. If you take into consideration that most westerners already have a solid legacy payment infrastructure to use, it's not that much of a surprise that they see Bitcoin as an inferior form of money, but an asset that appeals to them as being digital Gold. The mining aspect of Bitcoin further stimulates that way of thinking.

It might be crypto showing is useful even in the online games they can use it, and i agree need to fix the issue how to improve crypto use in online game become valuable especially bitcoin.

Good job, you were able to transform the mind of the young ones, from non believer to a believer, of course it will start with the family.
I am not personally reaching out first with my family and convince them, if they are interested and they will ask me, that's the time I start talking and some of my relatives were really convince but others seems to be skeptical, especially the old ones who like the traditional system of investment.

the definition of fake money is a currency that has no value, cannot be used for transactions, and its value does not last long. and BTC does not have such an indication. so. only stupid people say that BTC is fake money. Your relatives must be given a detailed explanation of BTC and the crypto world. I hope. Your relatives don't say that anymore.

Most likely not in a positive way. It reminds me of how people talk about market manipulation when the price is tanking, but completely ignore manipulation when the price is nicely going up.

I know from experience that some of my coworkers were skeptical about Bitcoin at first, then made some profits in 2017 because it was very difficult to lose, then turned in skeptics again after their paper losses increased significantly.

People find everything ok as long as they are on the winning hand, but as soon as they notice that losses are looming, they change and start blaming all types of external elements instead of their own ignorance.

Any Tom,dick and Harry can make profit in rising market. I guess rising market rise more because all think it will continue to rise. Panic starts when prices start to fail and people start losing their rational. Then brilliant opportunity also do not look good to them.

I am happy that OP introduced his nephew to bitcoin but if OP nephew is happy because BTC gained price then I doubt that his nephew future outlook might again change to earlier one.

Its great to see more people now dare to asked the developers to accept the crypto payment, now the reputation of crypto already establish and its time to expand and introduce it to the whole world, many people still misunderstood about crypto, we need to have more seminar to make people more understand about crypto, and usually this whole misunderstanding caused by the negative publishing from the media

value does not last long ? but you said fake money doesnt have a value  ? play money ( the ones that being used by kids to play ) is an example of fake money  . they are being used for playing of for props when doing films and other play  .


the reason why people call bitcoin a fake money is because they dont see it and they dont have enough knowledge on what they are talking about  .


no need to explain in a detailed way because that may lead to a more confusions  . instead explain only bitcoin/crypto in a basic way  . tackle the main benfit and disadvantages  . simple as that  .

Some persons around me always think I waste too much of my time online chasing something that actually have no value instead of me to get a better job. So when I was preparing to get married they became curious as to where to get the funding, but when I eventually got married, some came that they now believe that bitcoin is not fake, that they are sorry for their wrong interpretation, some are currently learning how bitcoin work from me while few now buy and sell bitcoin on their own. I think people will have more faith on result than theorem.

I think it's a very cool game and will be played all over the world if the game developer accepts Bitcoin as an alternative payment to buy items in the game.

Sometimes i really get irritated the way some people trying so hard to act like they are perfect or just trying to display ITKs attitude for no reason,
You know almost all the posters in the first page are all trying to correct this mistake, making a mountain out of a small stone ::)
just because he is a Chipmixer poster does not necessarily exempt him from making a mistake, lol! I can't believe am hearing this ::)

Now back to your post, many people still have this view when it comes to digital currency, in my country, 99% still laugh at you when you mention btc or digital currency, until people start understanding what digital currency is all about, only then will they understand and accept the possibilities of btc and alts. Am glad your relative is seeing things differently.

It's true crypto is fake money in other words digital money, because we can't hold on like real money. But with crypto more and more people prefer investing with bitcoin than their real money deposited into the bank.

well, sometimes it's not surprising if some people do, because many scammers try to cheat ordinary people using bitcoin. because of that, I feel they need to learn bitcoin or altcoin even more before using it, or have it so they can use bitcoin

They won't know it's a real or fake currency, if they don't try it themselves. sometimes I say that to everyone who says that, just install the wallet on your cellphone, buy some bitcoin and shop with it! many stores will accept it. if they know the current bitcoin rate, of course they will not think that it is fake

Bitcoin is not fake money. it is online crypto currency. Bitcoin is survive long time. it Market is going huge and huge. it's value is good. if you using it?? you needed proper no knowledge about it. Bitcoin is not fake.. it is blessing for us.

Many people think Bitcoin is fake money. But that's not the case. Bitcoin is never fake money, but Bitcoin is the most real money. I think Bitcoin is better than all the currency in the world. Because Bitcoin is peer to peer cryptocurrency. Bitcoin can never be fake money, many people are spreading rumors about Bitcoin as fake money. I will not listen to the rumor.

Thank you

That's a good point. Many people equate tangibilty with something having real financial value or not. Others think that something can only have value if its value is validated by the government. But the truth is none of these things determine the value of something. Only each person can decide if something has value, and how much value it has. And that's how everything is valued in the financial world.

The government validating the value of Bitcoin goes against the notion of why Bitcoin was invented in the first place: To have a type of money that the government can't tamper with its value with.

It's quite interesting that people keep on claiming that Bitcoin is somehow not real.

for all those who think bitcoin or consider bitcoin to be a fake money are not anywhere close to reality of the current financial disruption via technology. bitcoin is irrespective of the thoughts of certain individuals and institutions, it is real money and the earlier considerations on its technology starts the better.

Exactly, if someone is willing to fork out $6 000 000 for a virtual planet <Planet Calypso> in a game <Entropia> or $635,000 for a virtual club <Club Neverdie> in the same game, then $5 000 for a bitcoin that can be used for global payments and retail are not a big ask.  ;)

Anyone want a virtual pet in Dota 2 for $38,000??? - <Ethereal Flames Pink War Dog>

Source : https://www.fraghero.com/10-most-expensive-virtual-goods-ever-sold/

I think more Bitcoin developers should create virtual gaming worlds and sell customised virtual items for these games. <Bitcoin payments only>  ;)

Not a gamer but if this will happen, it would be a big step for improvement in the market.
Bitcoin payment only would force them to use bitcoin only and the demand will be enormous, we are just starting, it's not far from happening.

Bitcoin is not fake money....Only fake to those who don't understands it.

Just let the children play their games and let us do our part for bitcoin

Your nephew is bright enough to understand the game and what this can bring him,spending $1000 from a child(if he is still a child since you don’t mention the age)is a big amount but knowing how enjoyable the game money cannot buy

But in regards to emailing the Gane creator then i will consider sending them also

well, there's no need to ignore people who think like that, because I don't think they have learned about bitcoin. however, bitcoin can be used as an alternative payment for now, and it can be said that bitcoin can be used as a medium of exchange because it has value. make money, or investment tools, it depends on those who use it.

Great how you were able to change your nephew's perspective about bitcoin being a 'fake money'. That would be the first thought that will cross people's minds though when talking about virtual things because they have more faith on what they can see or touch physically. By the way, how old is your nephew? I bet he's still young and it's good that at his age, he is already enlightened about the cryptocurrency.

I just hope that he can take the price drop whenever that happens because, as we all know, bitcoin's price can be quite frustrating when the line is striking downwards. But, I'm sure you'll guide him all the way through until he can do things on his own. With that said, I'm also certain that he would tell his friends about his "new" discovery and will slowly eliminate the stigma that bitcoin isn't real 'cause it is.

Some people will think about bitcoin is fake money because bitcoin doesn't have a real form and they cannot see how bitcoin looks like. They think that bitcoin cannot be used in real life and bitcoin doesn't have a value for them. But I am sure that there are people who will be like your nephew that could open their mind for something new like bitcoin.

Bitcoin still needs time to be accepted for them especially for people who don't want to follow the technology behind bitcoin. We don't have to confront them, but we need to explain that bitcoin is not the same as they thought. So as long as we can explain by smoothly to them, I think they will understand that bitcoin can be used for their real life and it's not just for online life.

You dont need to be a gamer and play this bitcoin related games to be able to appreciate their worth because all of us here that uses a bitcoin did appreaciate this kind of idea because this can be another way to gain attraction which will also help the price to increase .  i support this idea and i support what kakmakr said that devs should start creating a game that bitcoin payments can be used because until now , bitcoin based games are not really get noticed  

Nice to read, it is a good thing to educate people around you. The older generations are more skeptic toward crypto currencies around me but the young ones most of the time totally get the concept. Matter of time or the first graders will get it explained at school. ; )

Bitcoin fake money?  NO.

People's perception about Bitcoin is changing and am happy to say that the upcoming generation are really aware of bitcoin and its value . I was on my laptop checking my crypto balances when my 10 year old son asked how many bitcoin I have and was taking to me about bitcoin and its future value. My son was encouraging me to invest in Bitcoin. It is so nice to know that the youth are aware of Bitcoin and are interested in it.

Most of the people around were with similar level of understanding about cryptocurrency and the virtual money. It is our responsibility to make them correct and go on the right path. People find it really different when heard for the very first time, but the usage and when they experience using it similar to fiat will get to know better and begins to make use of bitcoin.

They would appreciate it once they use it, it's different from a traditional payment system, we have the most advance and the most transparent.
For users who loves to transact money online, they can be our potential users and if we can convince them, they will be part of the system and they will not only discover bitcoin but also altcoins since this space is so big that needs to be explored.

I think it's better to not force it to be like money at all. It's an alternative. It can be used for transactions just like money but somehow different. Some people will find it a bit confusing if we always compare the two and there of course will be some who won't have trust in btc that way. Make it have it's own identity as bitcoin.

Bitcoin is digital money that we can make as an alternative to our local currency and it wasn't fake money at all. People did not easily understand this because they don't know how bitcoin it will work and what technology behind on this thing. Forget haters of bitcoin let us show them how successful we are when we adopt and embrace the cryptocurrencies. Maybe someday they just realized how bitcoin worth it to them and get profit as what we have done.

Of course they would doubt. But as you explain how bitcoin works then he's happy to use it right?
People would always doubt "bitcoin" but because it isn't a scam and is serving the true meaning of a digital currency that is owned by the public, bitcoin just needs to be discovered, share it to people if you will and everything would come easy.


Sounds better. The world will always doubt bitcoin so it's better to have it's own identity to be known. Later on, if it would be accepted by the masses, it won't be pegged to dollars or any traditional currency anymore for it's identity is it's own for it's own.

Indeed, an education to cryptocurrency are very lack for new people. They give an assessment to cryptocurrency only heard for some bad information or just their imagination. Just a visible thing that will have a value but for something that not visible they will ignore it and assume it's a fraud or fake. And bitcoin included to the someting that not visible so as in a natural manner they will think bitcoin just a fake and they should avoid it. I appreciate what you have done, because to make someone convinced to bitcoin is really hard. Greatfully, the price bitcoin increased at that time so as with profit thing theh will easily to believe it.

When you compare cryptocurrencies with something microtransaction-like payment i don't think that was an equivalent. Of course all of that will be priceless. But thanks, now he know which one worth to buy.

bitcoin isn't fake money, it has value same as fiat. different is fiat have physical paper to know number of value of money.
bitcoin has value as electronic payment. to get number, people must have physical electronic like phone and laptop. we can print it to know value and tell it to everyone

Believe that someone who says Bitcoin as fake money just wants to lead public opinion to make the public sell the Bitcoin they have so that it can be an opportunity for that person to buy Bitcoin at a cheap price. The perpetrator only makes a mess and for people who believe in Bitcoin can certainly avoid things like this.

Yes, I completely agree with the poster. While a lot of young people have moved on to the crypto world others are still in a world of denial. This makes bitcoin more and more confusing to many people. Coupled with h the fact that some governments have banned and labelled it as illegal. It's a matter of time as people will continue to see the prospect in. Cryptocurrencies

The gamer angle was just mentioned, because it is so ironic that people will associate value to digital items in games, but when you talk about a digital token like Bitcoin, they think it is some kind of scam or a worthless piece of code.

The other reason why "gamers" should be targeted is the spinoff affect, let me explain. Child play games, wants to upgrade in-game items with dad's credit card, dad says no because it is a security risk. Dad rather use Bitcoin because it is a safe payment option for online payments. <no financial data or information is stored on a unknown internet site>  ;)

They just say that bitcoin is fake because price got down so much which they expect to gain profit. Lot of stores accept bitcoin already, so people have to know better about it too that it can work like a fiat and much easier to transact everywhere.

      I think it is in the interest of gaming producers and manufacturers in general to find new payment methods for their services. Thus, the number of clients will grow, and they will be seen as open-minds, open to new challenges.
     But at the moment, Bitcoin can not be used as a means of payment for games because the Bitcoin trading process is not as easy as paying with the card. Bitcoin will be an alternative payment method in the future, but until then it needs to improve its system and make it easier to use for all categories of people.

good work mate, you have encouraged someone to play this crypto game i am sure your brother is gonna invest hard (no matter the make profit or loss) this is gonna be a valuable experiance for his entire life, i am sure a lot of people haven't even tried bitcoin yet.

The fact that Bitcoin can be fake money, can only speak those who do not know all the advantages of Bitcoin. It is difficult to argue with the fact that Bitcoin in our time occupies the first place in the cryptocurrency market. About him spread information around the world. This is a digital asset that in the future will probably be recognized by the whole society.

Still majority people have no awareness about cyrpto currency so whenever we discuses in front of them, they simply say that it is fake, in online most of the works are scamming.
I give you instance, i met with banker, he also called to bitcoin fake money. I try to convince him, but i realize people have different perspective about crypto or bitcoin. 

Still many people consider bitcoin as a fake currency and that is really strange to know. There are only two types of people who consider it as a fake money. One who are very old and unable to understand this digital currency. Second one are those who do not want bitcoin to grow and always think negative about it.

Well that's basically how everyone should start explaining what bitcoin / crypto really is and how much can it affect real world transactions for an individual.
Start of with a basic example then some advanced ones where you have been before such as buying some real life good.

As your nephew said at first sight it was fake because he didn't had the knowledge that could be exchanged into some real property value such as money.
After you gave out some brief explanations he realized it started being a reality.

In my opinion more and more people a making the mistake of equating bitcoin or cryptocurrency to money.
Bitcoin is not a physical money but rather a digital currency that's has monetary value and can be used for transactions

The first part is purely the result of ignorance. While the older generation is difficult to get on your side being Bitcoin, it's not impossible at all. It will require Bitcoin to be more user friendly first, the rest comes later.

In order to be better than fiat, you can't endlessly leverage the decentralized nature of Bitcoin being a selling point, because most people don't care enough about it. Bitcoin needs to be exponentially more useful than fiat to make them switch.

The second part are fools. There are always people who can't stand new developments. Gold bugs are quite similar in that regard--they'll always look down on Bitcoin because they can't accept that it's better than gold in every way.

This is a common way of thinking, whenever one gets into bitcoin usage they'll come to know about it as something highly valuable. Further only they'll begin to explore and know better about the technology and various other factors associated with it. It has multiple usage and one among that is getting used as currency. This is where people understand it in such a way.

For me, it's a no. I've had a lot of discussion and arguments with people before regarding cryptocurrency since here in our country they think it's a scam. If people are not interested they are not open to new ideas or innovation. Let them be enlightened when it's too late.

At least, it's good to know you were able to educate your nephew about crypto at a young-age. It would be great if games will be accepting bitcoin as an alternative payment aside from paypal, credit/debit cards so it will be more convenient for players to pay.

IDK, I agree that use money to buy "real" crypto currency such as Bitcoin, Ethereum, Ripple,... is a good way of investment in stead of buying "fake" crypto in the online game. But there still have some value when you decide to spend real money for fun, I mean deposit to the game and make you stronger in that virtual world, so the feeling that the game brings you is your interest. On another hand, some digital items in the game still have its value which can increase and be pumped in the game's market.

most people can only blame bitcoin because they don't know about bitcoin and crypto currencies. they refer to bitcoin as counterfeit money and so on, but they themselves buy diamonds for game play on cellphones and they spend a lot of money buying these useless diamonds, in my opinion they have been fooled by games on mobile.
everyone who underestimates bitcoin will be surprised if they learn about crypto currencies, they will definitely regret not buying bitcoin and trading crypto currencies from 2016.

True story! My friends, cousin my family apparently were not interested in cryptocurrencies, but they always asking to me "where the hack in the worlds you got all those money?" and they thinking I'm internet gambler.
I'm so sad with those people without knowledge did careless judgment. I'm already told them what bitcoin is,cryptocurrencies etc, it seem useless

I think the misconception of btc or cryptocurrency to been fake is largely related to the experience most people have had with ponzi and hype scheme, many people who have had contact with ponzi scheme and fall a victim believe crypto is nothing but a scam,
some people only believe in anything they can see and touch physically, it is very hard convincing such people to have a different believe, the majority of crypto enthusiast are youth, when the more aged people start understating crypto and acknowledging it then the adoption will spread among the young and the old.

I think bitcoin not fake money.it's real online money. because at a time bitcoin all world's Will rule.so kindly buy bitcoin.and Get a lot of money.

Interesting discussion. Lots of different perspectives from other people about bitcoin. That's all because they don't really understand what bitcoin is and how it works, they only speculate on what they find without understanding it more deeply.

Why mind confronting them? It might only cause you trouble especially when the person you are talking into is ill tempered or prideful ;D. If I were you, I'll explain my side when someone ask me or when the situation calls it because that's a safer way to introduce it. Actually, I experienced bad things in the past when I was active promoting btc to my friends (getting ignored and doubted, I already learn from it and of course I also don't want others to feel the same way that's why I'm saying this.

your experience was a relative, lucky you, i visualise tryintg to talk persons into cryptocurrency as trying to sell insurance policies in some third world African countries, if you have had such experience you will agree with me that it is rigid and complex to convience an African man to key into insurance policies, in the same vain, it is very difficult to explain crypto currency to third world unenlightened citizens, though we may be in the same system but we are vast to know more than we already know and thats how we came across crypto currency and till date I have not regretted my decision, bitcoin and the entire crypto space needs more awareness creation to gain mass adoption, that's the way forward.

Well, people without knowledge and not ready to try new things are hard to correct because they usually blind about the possibility of something that or will happen within them but in this kind of situations such people usually need genuine proof before they can believe you. What you can do is show him some of your crypto - Fiat transaction.

bitcoins are not fake money but a valid payment alternative to fiat, we should not spend so much to buy features and upgrades for video games in no way with fiat or crypto...

Indeed, Bitcoin is a payment method which has the value of money, so, for anyone thinking that, Bitcoin is fake money, s/he should rather jump off the cliff to watch how the said digital currency is be use. Bitcoin has attracted many notable investors and taking the lead in the world of digital assets, it's never a fake money.

I understand that most people still doubt Bitcoin, some even say that it is fake money or cannot be used for payment. Doubt is very reasonable because as a digital currency that is still unfamiliar to some people, it is also not physical so to prove ownership of bitcoin cannot.
Therefore there must be education about bitcoin as a digital currency where the function is the same as a means of payment, for trade or investment. Even the use of bitcoin has more than 130 countries in the world.

In game items are indeed less valuable than crypto currency, but that is part of an hobby activity, and if the player really enjoys the game he will give much more importance to the game items than to crypto currency, even knowing it's more valuable.
What could be done to boost bitcoin is to create an online game that accepts only btc as payment method. If there were a game like that and if it were really popular I'm sure bitcoin would have its price increased. Think about a World of Warcraft, League of Legends, DOTA2 accepting only btc, a great propaganda for bitcoin.

There's no such thing called to be fake here if people appreciated what bitcoin had for so long. With that ways you've mentioned like nice propagandas, well definitely it could really provide a good reputation to bitcoin as well as increasing adoption. As soon as the people who kept using this type of currency, the pillars of bitcoin foundation will remain stronger and to those who think about fake money; probably that's a scammer's idea.

It will take a lot efforts to convince doubting thomases about bitcoin, even as a means of payment many does not believe such a digital currency exist due to its unfamiliarity to some people.
Some opinionated that bitcoin is a ponzi scheme thus stayed away from any btc related issues its going to be difficult to change the perspective of such people just as the OP rigorous efforts in convincing his nephew to change his views about bitcoin.  

Depends on the person if he or she is a gamer then he will treat his in game account more valueable than anything else . ive read a news before where a gamer spend nearly millions of cash for just a virtual item  .



It would be great if a game will also support other cryptos because some people prefer lighter alternatives than bitcoin .  there are a couple of blockchain based games thesedays but the gameplay are not really impressive  . what we need is to integrate crypto payments into a popular game .

people who don't like bitcoin will say it as fake money, and so on. even though it is valuable because it can be used with many things. well, for me it's not fake money, and of course the price won't be high if it's useless.

for me bitcoin is indeed not real money, bitcoin is digital money and of course many functions of money, especially digital money. very naive if there are people who say bitcoin is fake money.

Only people with zero ideas about bitcoin would consider it fake money. Even though bitcoin is digital, it's still real money with real value, nonetheless. You can show your nephew how you can easily convert your bitcoin to dollars and cash it out in front of him at an ATM. Personally, I don't really have the time to educate others about bitcoin, tried that before with my closest relatives, but none of them took the risk of investing. Having said, bitcoin is yet to be fully accepted. There's still a huge percentage of the population who knows squat about cryptocurrency.

Exactly, only few people said it that bitcoin is fake money who have little knowledge or may be they want to discourage to the people who are already using bitcoin. I am surprised to see the people who said against about bitcoin. I am thinking, they have no brain and eyes to see the bitcoin price and popularity. 

This is a simpler version of actually defining crypto currencies and the concempt of how they came about with digital currencies, but of course gaming money from such games which was fake is now made to be real for the real thing.

Letting developers know about Bitcoin is a good thing because almost everybody engulfed in using the Internet knows Bitcoin and might be knowledgeable in using it. Cryptocurrency being used in some games will be really helpful to the community that is playing that game because they can pay instantly and hassle free. Bitcoin is electronic money and wont be called fake because it can be converted into cash.

Where did you get this stupid question mate?you are questioning the greatest currency ever created and comparing to shitcoins?

And asking about legitimacy what do you think is the answer,the bitcoin whos been here.for more than 10 years and helped many people to become richer or the airdrops who's mostly shitcoins or scamming?

I think you already have the answer right?

Fake money? Although bitcoin only uses online, it cannot be called as fake, because it is really usable and we can still buy something we want even in online. We can buy load, pay bills or buy some stuffs from wherever online shops we want.

This is amusing, I also play that game and laughed a bit when they revealed one of the VF goods is Cryptocash. Tell your nephew to just complete GE every week and not waste his real, hard-earned cash on diamonds.


He should have known this from the start. He apparently value those diamonds and the items he bought using them enough to spend cash.  ;D

Main difference of course is I don't think he'd get a return on the value if he can sell those items away. (He can't of course, can't trade diamonds and buildings/consumable between players.)

Good that he discovered that there's something else digital he can buy that other people might be willing to buy at a higher price.

We can call cash fake money because it is just a piece of paper with some prints. Simply people cannot understand that virtual money hs its value as well, and we can never call Bitcoin a fake.

Is Bitcoin fake money? You must think again and you must study and research what is really bitcoin is, so that you may know if it is a fake money or not. Because bitcoin is a digital currency in which we can use to convert into a real money, so many are preferring to use bitcoin than the real money because in bitcoin or in cryptocurrency there are many ways or fields in how they can earn money, for example you can earn money by doing a trading in which you can trade your money or coin into a large amount of coins or else you can also buy and sell your coins in order to gain extra profit. For now I am using my bitcoins in order for me to participate and play some games (https://vegascasino.io/casino/video-slots/wild-pixies?utm_source=ccwp) in order for me to earn extra profit although it was a little but earning some profit is better than earning nothing right? Bitcoin is not a fake money because it is a digital currency in which we can convert into a real money.

If you can buy something for it, it cannot be fake. Even it is a virtual currency, it can be taken as money. Bitcoin is a result of the work of many people, therefore, it is another reason for calling it money.

Bitcoin cannot be faked because it is a digital currency that only exists on the internet, its ownership is not in the name of people but only consists of very complex code. Whereas for counterfeiting there must be physical goods, such as cash.
So, it is theoretically safer than holding cash. Especially if a long trip takes a long time, crossing between countries, it is more practical to have bitcoin because there is no customs inspection at the airport or seaport.

Great effort even my concern also young generation should understand the value of crypto currencies . Lots of Kids which i am seeing busy playing mobile games where collecting some gems or meals . I always asking what you got from this by spending this much time .They show these useless gems or some task level . Even some are spending money to buy next level or Gems . I think Crypto currencies are way better than that you made it understand your relative . Even i will also try from now. 

It is true the people who doesn't know a thing about it calls it fake and other thinks it is a scam .
This is the problem when people don't know a thing and still criticize it .
They all need to know it first before they call it something and to be honest I think most of the people who are too negative on Bitcoin are just making some issue because they want to buy it at a low price,
Of course OP's situation is different because his/her relative doesn't really know a thing about it.

Those sort of games rely on people to pay to make things happen faster and this means it can be limitless so you can spend infinite money really. It is like a money printing machine and people get addicted.
Those games only require a few people to keep running. There a few people who spend thousands and then most player play for free. I remember doing some research about this a while back.

In these games, the digital items have no value because there really isn't a market for them. When you use the blockchain and your items in-game are connected through it then you actually own your item and can sell it with ease.

The argument that bitcoin has more value than the items bought online is weak and can easily dismay new users if the price of bitcoin suddenly drops. I always avoid discussing bitcoin price whenever introducing bitcoin to newbies. They may get the wrong idea that bitcoin is a easy money scheme.

Still the game requires the income to continue being supported and to keep maintaining it.
Income provides the developer to work more / even harder as they get something in return. It also makes the game more stronger.
Also developers need their return for their own life ofc :)

Your move is very interesting and you were able to explain bitcoin in a very easy way for your nephew to accept bitcoin.
Not all of us have the same thinking and experience with your nephew so we cannot really assure that we can do this kind of explanation to more people.

Though the idea is great but I am still hesitant whether it will likely to help others especially in our country to accept bitcoin by using this kind of explanation.

Huh, you think so, I think you know bitcoin, some people really don't believe in bitcoin, to convince others or especially my parents, it needs to be hard work to describe or define bitcoin.

Bitcoin is not fake money. If Bitcoin or other crypto currency was fake, then we could not convert these to the money. With Bitcoin or other crypto currency we can now do a lot of our daily work. We can spend our needs. If Bitcoin was a fake money then how do we use Bitcoin in different offline areas?

IMO, gambling and gaming industries (https://www.xidigtanews.com/category/games/) have made a lot for cryptocurrency adoption as alternative payments. The first boost of usage Bitcoin received after Silk Road site’s launch. Yes, the site was connected with illegal activity, but we can’t deny the fact that due to this site bitcoin saw the rise. The same thing is happening with gambling sites. Playing casino games is considered negative because in some cases it can lead to addiction. Taking into account that gambling goes back thousands of years, it was initially designed for a fun past time. I think the adoption of cryptocurrency by casino sites and games of different types is good for crypto spreading. Unlike bitcoin investors, gamers use crypto no matter what the current price is, but because it’s a more convenient way to pay.

I like to say Bitcoin and other cryptocurrencies as free money. Because I can get this virtual money from the internet for doing some stuff. some years ago before Bitcoin, we do a lot of stuff and will never get paid and we didn't even know that we can someday be paid for those work and I'm not talking about feeding. Today as cryptocurrencies are in the market there are a lot of possibilities open for money makers. So, of course, it is not fake money.

This is why they want to create a blockchain for gaming. What this means is every item on the game has its own token. You truelly own your item ingame and you can sell it. Your friends diamonds and ingame items would have crypto value if the game used a blockchain. I really hope it takes off some day it only make sense for gaming and crypto to mix.

The thing I like most is that I can finish with one game and sell my items and bring that value/money into another game. You could even making gaming into a job where you buy and sell or earn items and sell them in an auction house like in world of warcraft.

people think bitcoin has no value because it's not real, but they don't realize that they already use digital money in spending. I feel the assumption that the currency needs to be supported by the government that drives this trust.

Bitcoin money is not fake.those who used bitcoin know bitcoin is not fake.for those who tried to pay they prove that bitcoin  is not fake.even me can say that bitcoin is not fake.so many people around the world knew now about bitcoin and they used bitcoin for transaction payment.so how come that the bitcoin is fake? It is not!

I remember someone asked me if bitcoin is legit or not cause he always saw an advertisement about it in the internet then i answered yes. Bitcoin is not fake it just like people think that it is a fake or its a scam because they don't understand what it can do. But i'm really happy for your nephew the fake that he think can make him a millionaire someday. I hope people in new generation will be open about bitcoin instead of talking bad to it.

The OP is not saying that bitcoin is fake. he told a story about his nephew thinking that bitcoin is not real so
he asked his nephew if the in-game currency he is using in the game is real or not and his nephew soon realizes
that Digital Item can have value in the real world just like bitcoin being digital and having a value in the real world.

Good idea on bringing up the virtual currency of the game, And it actually depends on the listener, if the one that you are talking to and explaining what BTC is or at least trying to convince that cryptocurrency is real and that the listener has zero knowledge about "virtual in-game currency" and "cryptocurrency" and then the listener believes that cryptocurrency is fake then I think you'll have to do better than what you have just said with your nephew, but again I do believe that if there's a will there's a way so I'd suggest convincing other people too whether if they have knowledge or none about cryptocurrency then I think it's worth trying even if it's going to be hard.

Initially, Bitcoin was not created as money. However, recently, in February 2019 it was officially recognized as money in Wyoming (the USA). Probably, we are on the way to have 2 official currencies - crypto and fiat.

Bitcoin is a virtual currency but there we need real money to trade it and use it or to cashout it, he don't understand how crypto works, you should tell him is similar to stocks market.

Bitcoin is not virtual currency! You have understood it mistakely. Bitcoin is a cryptocurrency and has a unique algortyhm. So please read much more than and learn what is Bitcoin really.

I like your story about Bitcoin with your nephew
But, what will you do if sometimes Bitcoin price dropped too much and he loses his money?
maybe you need to consider to tell him about the risk of investing/using the cryptocurrency especially Bitcoin, so he will never rekt and hate you...  :D

well, many say that bitcoin is a fake thing, but they sometimes use money online to shop for something, just like the diamond. well, isn't that the same thing. I also often argue with people who say that this is something fake, or similar to it.

I think you're the one that needs to do some more reading, and not the user you seem to attack for using the term virtual.

https://en.wikipedia.org/wiki/Virtual_currency

A whole Wikipedia page dedicated to what a virtual currency is, and Bitcoin definitely fits in that category.

Overall, it doesn't even matter what you call it (eg. crypto currency, virtual currency, digital currency, etc) because Bitcoin checks all boxes, and most people seem to agree, while you are one of the few exceptions that don't.

I don't see bitcoin as fake money. This is a very legitimate currency actually. There is just no government that makes bitcoin balance. The volatility is always there and it is not manipulated by the government which is good.
Bitcoin fits in the current generation, almost all today are digital which is also leading to digital payment and bitcoin is always there for anyone.

Sorry for late reply but your scenario seems very curious for me. It's 100% different thing whenbyou pay money in games to buy diamond and develop your character or empire or anything. It's addictive at some point because you are so turned in game that you pay money to develop faster and better.
But what it had to do with bitcoin? It's curious how you changed his mind but in overall you did and changed in a good way. Still don't understand why people can't believe that something online is real, must it has to be named usd? Our bitcoin is 100% better than your usd, if you don't believe, no problem but at least understand things and then talk.

There was a game where I remember they accepted in-game payments via a type of cryptocurrency called lindens. After-life was the name of the game. I havent played it in ages so dont know if it is still around or if people are even still playing it. But when it came out it was fun at the time to explore and buy things with these forms of cryptocurrency.
I believe lindens could be exchanged for bitcoin by their payment system virwox which is still around when people want to exchange their bitcoin for paypal.
Bitcoin fake money. I certainly think not! ;D

Well, it has valued the reason it can be used like that but I don't think it is treated as money since I see it as an asset rather than money. As I said, it has value the reason it is accepted and traded by a lot of people. I think if Bitcoin has no value, it would never be accepted like that.

Bitcoin for many are just like a ponzi scheme or a piece of shit coins. But to be honest it is not of course, bitcoin is money for me.
In fact, this is where I get my source to sustain all of my expenses in billings, groceries, and allowances. Because if this is not a money for sure I won't survive for 5 years being here in crypto for sure.

This argument is a bit old. We proved a long time ago that bitcoin has a use. Even when it first started gaining momentum you could use it at hosting companies and domains. Online items and giftcodes.
Now we can order physical items online without any long wait for transactions.


I think ponzi should be a word saved for pure ponzi schemes otherwise people throw it around loosely. if bitcoin is a ponzi then so it fiat and almost anything else involving trade.

if Bitcoin was a fraud, then until today everyone would know about it.  In the cryptocurrency market, very smart people are engaged in this activity, and I very much doubt that someone can deceive them.

They have forgotten that, the world has gone cashless and here's another method of payment that's more efficient for the long awaited cashless policy with transparency and freedom, but they are still not understanding the digital currency becasue is a virtual type. They will wake from their slumber to accept the fact that, bitcoin has come to stay and it's final.

It is much better than stocks because you can spend these stocks directly. You can trade stocks for other spendable stocks as well. Much faster then the tradiitional stock market and far less labour intensive since they have to keep holdings of oil and gold or the maintenance of a large company since only large companies are the ones that mostly use stocks. With crypto even the smallest of companies can use stocks (cryptocurrency).

Perhaps those with limited knowledge about what btc is will most likely consider it as such, people have doubt about things they have not come in contact with, i know so people around me who have this same believe, some are now convince that btc can be use for transaction others are yet to be convinced, as time pass by more people will understand.

great man

if i think what crypto will do to games where you can earn and sell huge land and other shit wow its unbelievable.....also in shooters and other verticals games

On googleplay look for crypto galaxy, phoneum treasure hunt (something like that), laser chain and worldopo. They are all crypto games you can earn crypto with.

Just wait till Satoshi Nakamoto announce it! Many people are also have problem dealing with the slow network transaction. But eventually, it will resolve by proponents of bitcoin. BTC will become better soon as it will develop the core system specially when it comes in network. But right now, bitcoin carried out most of altcoins and that is the primary goal of btc.

Yup, that's correct. There are so many of them that the way they think is exactly like that. Many of the people nowadays are still thinking bitcoin is not real and I guess in the future the last thing that they wanna say is that they regret not believing in it at first. Personally, I know some kind of these people, I do not blame them but I am trying to say that in the future for sure bitcoin will be included.

Not surprise that most people when they hear first about crypto specially bitcoin first comes to their mind that its a scam or darknet money, but when they knew that it is traded like stocks they become more interested and feel comfortable discussing about it.  

Cryptocurrency is criminal money , fake money etc

They are accusing crypto with negative impact , well that's true because :

• The value is volatile but it's also can earn profit ( risky investment )
  
• Some government forbid crypto to protect their civilian

I am glad your nephew understand what is all about cryptocurrency. You have explained it very well in very simple and plain English that he was turned supporter and believe about bitcoin.

Talking about volatility. Well, even metals are volatile that includes gold. Remember that gold has existed since centuries and centuries ago and you see the price graph it's volatile. Not to mention that there are also tons and tons of stocks and currencies that have crazy volatility and government seem to legalize that. While the reason for government to forbid crypto is to protect their civilian, I think the biggest reason is to keep their economy and money flows in control.

My wife also thinks that Bitcoin is fake money until I got home with a grocery coming from Bitcoin I traded with the fiat money, I also surprised her when I paid all our bills, from then on he lets me trade buy Bitcoin with our excess money, people will believe that Bitcoin is not fake if they can see that it can buy stuff and pay bills.

It's already proven and it's unquestionable that Bitcoin is real money, if it's not it will cease to exist because people are investing on it trading on it and talk about it as an investment, the only uneducated fool will talk about Bitcoin not money when it is a fact.

Those who do not understand bitcoin needs a proof for them to believe that it is real and not fake as they think. Now it is being even on stores and able to pay bills wherever you are with fast transaction process. Many are being interested when they know that it has more benefits and really worth to invest.

Many things can be learnt from the story of your nephew. I realised that people actually have wrong understanding of what crypto is because they lack proper knowledge on crypto and we can better shape this by educating people with every opportunity we get.

The politics behind the financial economy depends on the few changeable aspects. Gold has been a backup value of worldwide current and supply is very limited compared to the 21 mln BTC. Even China has an equivalent gold and USD reserves for a case and the Chinese government is not crypto friendly.

Good realization on behalf of your nephew though. It's normal for a child to think negative thought about things that they don't know yet because they are innocent until information is given. Your comparison between virtual diamonds and Bitcoin was on point and easy to understand but be easy to your nephew and don't force him to do things that he don't want yet and let them enjoy his life with his games 8).

Bitcoin is not fake money because the creator did  not just issue them. He premined some and left the rest to be mined which involves buying the hardware for doing that activity so in my own thinking, bitcoin is just the virtual form of our real hard earned money.

I have always known the world would go cashless eventually but thought it would of been by credit/debit cards.
Then digital currency came along and now know this is the one which which will turn this dream of a cashless society into a reality one day.
And it will be sooner then we all think is what I believe will happen in the next 2-4 years. :)

It will really happen soon if only the government would cooperate too. Bitcoin may be a decentralized one but it would be more valuable if it would be legalized and accepted by the government. Bitcoin may be fake money for those who do not know bitcoin well but for those who belongs in this crypto world, bitcoin is the most valuable digital asset.

Bitcoin is not fake money, bitcoin is the real money of the internet(also known as digital currency).
we know that it's a traditional currency, it's transactions are very low cost, central bank payment networks.
nowadays it has really great value (many users used that bitcoin).
it's used around the world and pay many things, like- travels, network transactions, electronics, online shopping and, more.
 

Yeah, this thread will encourage game of throne players to suggest on the developer to include bitcoin as a payment option. This will benefit both the company and the user when doing transaction simply because of blockchain technology. No one could be ask for whether transaction was successful or not because every party can visit the block chain to see if transaction was successful or not.