Over the years, I've tried to explain Bitcoin to many people, and unfortunately I've found that very few people eventually understand what you're talking about. If you try to explain to someone in the simplest and most objective way possible what Bitcoin is and how it works, and that person tells you that it is all a big scam, then we can conclude that some people simply refuse to accept knowledge for some reason.

From my personal experience, I could conclude that such negative attitudes can stem from the attitudes of local institutions such as central banks or various financial agencies that systematically send negative information to the public and thus certainly influence a lot of people to create a negative attitude towards Bitcoin.

If we take into account that most people in every country are blind followers of the system, I would wonder if the biggest obstacle is ignorance or fear of a system that has very effective ways to shape public opinion?

If crypto scammers really started to be punished much more drastically than is the case now, I have no doubt that many would think twice before dealing with such things. If we agreed that most scammers are mostly amateurs that would be easy to catch, the decisive action of the authorities, crypto exchanges and social network owners could surely eliminate more than 50% of such scammers. It is quite another thing that none of those who can do something want to get their hands dirty for various reasons.

It suits the authorities that such things happen as much as possible because then they can say "Bitcoin is bad, cryptocurrencies are scam", crypto exchanges are only interested in making as much profit as possible, despite the fact that they know that some projects are doomed even before they are started, and social networks, in addition to profit, talk about some kind of freedom of expression and that they are powerless to suppress it from happening - so let's say that what they have in common is one of the principles of the forum - "scam is not moderated"



This seems like an impossible mission at the moment, because no matter how much you warn people on this forum, they are not only buying altcoins, but promoting them en masse.

Expectations and reality are two completely different things, and given how Croatia looked against Austria and that France is an unsolvable enigma for Croatia, I do not see that France can lose today. Croatia has a chronic problem in attack because it relies on Kramaric, who rarely scores goals in the national team. With a defense that leaks in all directions, without Perisic who is probably the best player Croatia has at the moment, and if Luka Modric is not 100% only very bad France can save Croatia from another defeat.

I will not go into who the person in question is at all, whether he is a skilled word manipulator or really knows what he is talking about is less important than the fact that many in this thread have already noticed. Anyone who understands the economy and the market knows that the best time to invest is when prices fall and everyone panics. But to invest in such times you must be prepared for a long-term investment if you want to make serious money.

The problem with Bitcoin investors is that they do the exact opposite, they buy during the bull run hoping for a quick profit, and sell during the bear market because they are afraid that they will lose everything they have. It’s easier to convince a frog not to jump into the water than to convince someone that it’s smart to invest in Bitcoin in the time ahead.

A few weeks ago, news emerged that Oracle of Omaha had invested over $40 billion in stocks, and man is only doing what makes sense at a time when it makes sense.

Personally, I wouldn't mind if someone took 1000 merits from me, I didn't ask for them or invent the merit system, and I had already reached Legendary rank before the system came to life. However, I do not think that we should go to such drastic measures to punish some individual cases that behave like leeches on the forum, but that airdropped merits could be taken away from those who really proved to be members who have no contribution to the forum.

Yet if you consider that the issue of removing airdropped merits has been the subject of debate many times, and that there has been no concrete response from the admin (as far as I personally remember) - I think such a move is very unlikely.

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Don’t confuse loyalty with the fact that before the merit system, every (literally) spammer and shitppster could get hold of any rank without writing at least one quality and meaningful post. The member listed in the OP is a classic example of someone who would never become a Full Member in today’s system, so we can’t say that his airdropped merits are a reward for loyalty.


Most of the new members who started from scratch are not in any danger of being deprived of something, and most of the active members have collected several times more merits over the years than they received based on the rank they had when the merits system was introduced.

The biggest guilt is in those who do not understand how wrong it is to use social networks for any investment, especially when it comes to Bitcoin or cryptocurrencies in general. How naive you have to be (not to use a harder word) to believe in a business opportunity "send me 0.01 BTC, I'll give you back 0.02 BTC tomorrow", or, "your wallet is in danger, visit this link and enter your seed for wallet update"?

I’m not saying there are no social media responsibilities with unstoppably growing scams, but young people need to be educated in time on how to protect themselves from all the dangers that exist online. As things stand now, this kind of news only encourages other people to try to take their share of crypto cakes by trying to easily reach someone's crypto assets.

The forum does not moderate scams or set rules for bounty/signature campaigns and this is not something you should hope for today or in the future. I suggest you change your attitude towards how you use the forum, because you need to put knowledge first, and only then can you look for ways to earn something in much safer and fairer ways than bounty campaigns.

If you have certain skills (such as making YT videos) you can always offer your services to forum members in Services.

Since I know how hard life is and I understand that people fight for the crust of bread from dawn to dusk, for honesty I give you merit as an incentive to move in a better direction. It will take time, but let it be a challenge for you.

I would just separate possession and use as two different categories when it comes to Bitcoin. Consequently, I have no doubt that at some point 10% of the world's population will own Bitcoin, but those who will try to use it as a currency will be much smaller, as is the case today. Some kind of absolute adaptation is something that will probably never happen, no matter how simple things are. Some people have very negative attitudes towards Bitcoin, and they find it difficult or never to change their attitudes.

Maybe out of geostrategic interests and because of the US policy in that part of the world? After all, other countries do business with Russia in public or in secret, and dependence on Russian energy cannot be broken just like that. I think it would be completely unfair to point the finger at India because it is doing something that other countries are doing anyway, especially most EU members.

Although according to the data on oil imports when it comes to India, it should be noted that India does not buy oil only for its own needs. Whether they are trying to profit from the current situation, or have secret agreements with someone to be a mediator for Russian oil, remains a question.

There is always a way to circumvent sanctions, it is just a question of how resourceful those who trade in oil will be. These days, the story is circulating again that many tankers are shutting down their transponders near the African coast because they want to mask the trail where exactly they were. Oil from China and India flows directly from ship to ship and then continues on its way to the EU and the US - which is not a new method, but it is now widely used.

Here is an example from 2019 :

The fact that information exists online means absolutely nothing if the average person cannot understand it - and we see that at least 50% have admitted indirectly that they do not understand Bitcoin no matter how someone tries to explain it to them. You may be unaware (though not relevant to the topic) that 40% of the world's population still does not have access to the Internet...



If we look at the fact that Bitcoin has turned into a speculative asset from its original idea, then it all comes down to profit, right? You are a classic example of someone looking at it from that angle, at least judging by what you wrote. For consolation you are not alone in this, most are willing to sell in the end, it is just a question of at what price.

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Panama and the CAR have only recently (each in their own way) got into the Bitcoin story and may not have been able to be in this survey - and El Salvador for some reason was not interesting to the US-based research company. But for some reason they were interested in China, which they included in this research - although we know that China is the most hostile of all countries to Bitcoin.

The only way to protect yourself from such things is to not participate in them. I know someone will say that it is easy for me to share such advice because I am a Legendary member who has no need to participate in such things, but I have never participated in it - even when the chances of scams were lower and earnings higher than today.

"Fool me once, shame on you; fool me twice, shame on me"

70% of people in El Salvador were unbanked just 1 or 2 years ago, so if they couldn’t handle a simple bank account (or they just don’t care), should we have expected them to understand what Bitcoin is in less than 1 year? The success of Bitcoin is measured here in a completely wrong way...

Those who were there 5 years ago remember that at that time the fee for the priority transaction reached as much as $50, but also that it was a time when there was a very coordinated campaign against Bitcoin. At a time when 1 BTC was worth about $5000, the competition was approaching over $3000 for what they called real bitcoin, and as far as I can remember many began to doubt whether they will succeed in their plan.

I think such attacks are a thing of the past because they have been shown to cost too much and ultimately have no results.

The only ETF that we can expect to have a positive effect on the price to a greater extent may be the one in the US, of course the physical one that the SEC still does not want to approve. Yet all of these BTC ETFs, regardless of type, have a role to play if we consider that this is one of the ways Bitcoin is adapting to our society and becoming in some way legitimate among investors.

If we focus on the price we have today, then we could say that it is the result of everything that has happened since the beginning of 2009 until today, not necessarily only good, but also bad things.



People are convinced that the crypto winter has begun and that there will be no new bull run until after the next halving - and inflation that is realistically between 10-20% does not encourage most to invest in the long run in something considered risky. I don't think the problem is that there are no new investors to buy BTC for the first time, but that people generally don't have the extra money to invest somewhere. The period of cheap money for ordinary people and institutions is obviously over, now we will return everything we got with interest.

 

Ultimately (although some will disagree), the past repeats itself in a similar way, after halving followed by ATH then correction, and a period of accumulation it all comes down to everyone waiting for the next opportunity to profit again. What is still uncertain now is whether we have hit rock bottom or it will only happen in the coming months?

I personally have never seen this option in the program, but it is not something that is automatically enabled but comes as an option. This means that anyone who has not manually enabled this option will not automatically mine anything.

How to expect a massive adaptation of something like Bitcoin in a country where, according to data from last year, as many as 70% of the population was unbanked? It is therefore wrong to conclude that Bitcoin is failing at the moment, because then we could say that the US dollar also failed after 20 years as the official currency, and before that the same happened with the colon (the national currency of the ES from 1892 - 2001).

What is the conclusion from all this? Maybe it’s a country where nothing works, and then we wonder why Bitcoin (so far) hasn’t managed to change anything? There are too many expectations, especially those that are completely unrealistic...

Breaking news from the future (2068) 

1800 people in a country of over 6 million people is not a representative survey, no matter how much some have tried to portray it as something that reflects the real state of affairs. If we take into account that almost a quarter (23%) of respondents are over 55, and that 53% of respondents have only elementary school, should we be surprised that Bitcoin did not succeed as some imagined?


To understand the benefits of Bitcoin, however, you need to be somewhat educated and to some extent computer literate - and El Salvador is not a highly developed country when it comes to education or high technology. In addition, it is utterly illogical to conclude that Bitcoin failed (as many do) because it did not change El Salvador for the better - Bitcoin is a cryptocurrency, not debt-erasing magic.

@pooya87, Didn't Biden publicly say a few days ago that he would intervene militarily in the event of a Chinese attack on Taiwan? My local press also claims that Biden is still traveling to the SA at the end of this month, and this is confirmed by other sources from just 48 hours ago.

In addition, OPEC has already agreed to increase oil production to 648 000 barrels per day - but fuel prices in the EU will continue to rise for some time. Fortunately, summer has already arrived in the northern hemisphere, people do not need heating, and bicycles and electric scooters are increasingly being used. This can somewhat ease demand, although it can't stop inflation that was inevitable after 2 difficult years in the pandemic - the war only added fuel to the fire and serves as an excuse to many "it's not our fault, it's the war", but it's a classic political demagoguery.