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July 02, 2013, 01:27:23 AM |
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Hi everyone,
I've been discussing Bitcoin with friends and acquaintances more frequently over the past few months as it has risen to (relative) prominence. Although I freely admit there are many problems which threaten the growing Bitcoin ecosystem, I am impressed with the underlying concept and excited about the network's potential. However, in my discussions I'm frequently met with pessimism or incorrect arguments loosely fashioned from media output. This isn't particularly surprising - generally the media coverage which provides most peoples' "basic" knowledge of bitcoin has emphasised speculation, criminal activities and regulatory problems and so on. Unfortunately, people tend to remember these negative issues rather than the positive aspects which draw others like myself to Bitcoin.
Anyway, I thought it might be interesting to compare what we have generally found are the most frequent arguments against Bitcoin that come up when you discuss bitcoin with someone else. I'll give some examples from people I've spoken to:
"Bitcoin is interesting, but it's not really going to catch on. It fluctuates too much - people will never use it or take it seriously."
"The Government will shut it down".
"Someone will hack it"
"It's used for money laundering and buying drugs, so no thanks!"
"Cryptocurrency like Bitcoin might become popular, but it's not this. Give it a decade or so"
I imagine I'm not the only one!
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