People don't want to invest into bitcoin because its a software

[the joint]

@ OP, I'll get to your attackers in a second.  But first, it's clear you have fundamental misunderstandings about what actually constitutes a legitimate problem for Bitcoin.  Addressing your most recent concerns:

- Dev's -- even core devs -- making changes even frivolously or carelessly, is a non-issue.  It is software, but it is "open-source" software adopted democratically by miners.  Poor changes will not be adopted, and if they are, its a community issue and not a software one.

- The open-source nature allows anyone capable of reading code to find errors or carelessness.  This is how problems become identified and fixed.  This will not tend towards deterioration.  There are far too many eyes on the code for someone to slip in a major exploit that will go unnoticed.

- Your premise that software is necessarily, "theoretically" hackable is silly.  The nature of software is not that it's hackable "theoretically."  Software is hackable if the code allows it to be.  Good code necessarily and "theoretically" means it is either, entirely hackable, or all hackable exploits are known.

- Competition is "wonderful!"  This is not a bad thing.  Competition --> evolution --> better product.



@Everyone,

The "don't feed the troll" crap is immature, stupid, and reflects a hypocrisy in community mindset akin to, "We need to help everyone understand why this is the greatest technological development since the Internet...except you, because you don't understand it." 

Are there people who troll intentionally?  Yes, of course.  Is it easy to distinguish at face value who is and who is not just a troll?  NO.  Bitcoin is foreign to people.  When I first heard about it, I immediately had all kinds of red flags in mind.  Now, four years later, the knowledge I've gained has eliminated many of those red flags.  But I'm still aware that red flags most certainly do exist, that points of attack and weakness also still exist, and there are numerous, realistic scenarios which still exist that threaten BTC's existence on a daily basis.  To this extent, many devout community members still maintain a form of Mt. Gox Syndrome, but they'll never be aware of it unless/until something happens to change it.  Hindsight is 20/20, and foresight is apparently underrated.

There are people here who block others for the sole reason that they believe Bitcoin will ultimately fail.  Yeah...that really helps adoption 

[elux]

@Everyone,

The "don't feed the troll" crap is immature, stupid, and reflects a hypocrisy in community mindset akin to, "We need to help everyone understand why this is the greatest technological development since the Internet...except you, because you don't understand it." 

Are there people who troll intentionally?  Yes, of course.  Is it easy to distinguish at face value who is and who is not just a troll?  NO.  Bitcoin is foreign to people.  When I first heard about it, I immediately had all kinds of red flags in mind.  Now, four years later, the knowledge I've gained has eliminated many of those red flags.  But I'm still aware that red flags most certainly do exist, that points of attack and weakness also still exist, and there are numerous, realistic scenarios which still exist that threaten BTC's existence on a daily basis.  To this extent, many devout community members still maintain a form of Mt. Gox Syndrome, but they'll never be aware of it unless/until something happens to change it.  Hindsight is 20/20, and foresight is apparently underrated.

There are people here who block others for the sole reason that they believe Bitcoin will ultimately fail.  Yeah...that really helps adoption 

You raise a good point, joint. However, the original top post just said :

People can hack it 

And that's it. And that's a goddamned trollpost. See:

EDIT : Some additional arguments since it was initially a troll (...)

OP since expanded his trollpost it with some putatively honest misgivings. And that's fine.

[the joint]

@Everyone,

The "don't feed the troll" crap is immature, stupid, and reflects a hypocrisy in community mindset akin to, "We need to help everyone understand why this is the greatest technological development since the Internet...except you, because you don't understand it." 

Are there people who troll intentionally?  Yes, of course.  Is it easy to distinguish at face value who is and who is not just a troll?  NO.  Bitcoin is foreign to people.  When I first heard about it, I immediately had all kinds of red flags in mind.  Now, four years later, the knowledge I've gained has eliminated many of those red flags.  But I'm still aware that red flags most certainly do exist, that points of attack and weakness also still exist, and there are numerous, realistic scenarios which still exist that threaten BTC's existence on a daily basis.  To this extent, many devout community members still maintain a form of Mt. Gox Syndrome, but they'll never be aware of it unless/until something happens to change it.  Hindsight is 20/20, and foresight is apparently underrated.

There are people here who block others for the sole reason that they believe Bitcoin will ultimately fail.  Yeah...that really helps adoption 

You raise a good point, joint. However, the original top post just said :

People can hack it 

And that's it. And that's a goddamned trollpost. See:

EDIT : Some additional arguments since it was initially a troll (...)

OP since expanded his trollpost it with some putatively honest misgivings. And that's fine.

I mentioned BTC to a State Farm agent the other day while getting an estimate for my car after a hit-and-run.  He's heard of it before through several media sources and articles.  He was completely under the impression of its potential to be hacked, manipulated, etc.  He also had a very difficult time understanding the concept of decentralization.

That is simply what many average, misinformed citizens think.  The State Farm agent was in no way a troll.

And yes, I noticed the OP's addendum clarifying it was a troll post, but that's beside the point.

[Amitabh S]

Dude everything these days is software. Banks manage your money using "software", which has the potential of all the bugs you mention. The government manages your data using software.

When people invest in some IT company, they are mainly investing in the "software" developed by them.

[pooya87]

if people aren't investing into bitcoin is because they are used to their regular routines and don't want to try new, and in some aspects better things.
besides bitcoin is not at a stage that makes people want to accept it and as long as investment goes, until the price is so volatile and unpredictable nobody is going to find it a more reliable investment than other things.

[Cluster2k]

The common man's image of bitcoin is strongly influenced by main stream media.  What does MSM like  to report on in regards to bitcoin?  Bubbles, scams, and drugs.  A good news leading headline story about bitcoin is rare.

Besides, the fact that bitcoin is just software sitting on my computer is a major factor working against it.  People know computers are rather good at copying data, so immediately people wonder why they can't just copy as many bitcoins for themselves as they like.  Try to explain how it works and 99% of the population's eyes glaze over.  Try it sometime.

[bobc1994]

ha ha ...My sarcasm detector says there is a 90% chance the poster was being facetious.