BTC needs the trust of masses

[S4VV4S]

You would not like what the masses say about bitcoin. Bitcoin was mentioned on some website in the comments, and the poster was teared to shreds by "the masses" who all said it was a pyramid, ponzi, get rich quick and something like that.

That is true, but that is only because of mis-information.
The masses do not yet understand that Bitcoin is a method of transacting leaving all middle party (and unnecessary expenses) out.
Bitcoin should NOT really be seen as an investment (not at this point).
So basically it's a replacement for banks, VISA, WU, etc. but with super low fees.

So for the masses to trust Bitcoin then the masses must first understand that.
Once they do understand that, then they need to be able to go from cash to Bitcoin, which is something that is not that easy at the time.
We have localbitcoins and several ATMs worldwide but it's not enough.

And for mass adoption we need (more) widespread services for: Cash -> Bitcoin.
Not: Cash -> Bank -> Exchange -> Bitcoin

[Falconer]

And for mass adoption we need (more) widespread services for: Cash -> Bitcoin.
Not: Cash -> Bank -> Exchange -> Bitcoin

I think we still need the "bank help" for now, especially in the countries that ban bitcoin where its rare to get bitcoin's ATM and shops. I guess people will understand about bitcoin if they have an account in bank, which the bitcoin system is almost similar with fiat in bank. And bank can be a third party that connect people with bitcoin.

[MF Doom]

Recent big fluctuations in bitcoin value are not very much ensuring and encouraging. Bitcoin needs to be stabilized.
Bitcoin community doesn't lack manpower to achieve this goal. I don't know much about how does economy work, but I know BTC community have some great people who can help.
Question is why, after almost 6 years, bitcoin still can't win the trust of people(leaving people connected to computer science). Why it is still unstable ?

Some issues why I think its having a hard time:

1) Price uncertainty and potential manipulation (see mt gox bots)

2) Major exchanges/websites hacked/shady practices and people losing btc when trying to withdraw

3) Difficulty in obtaining initially (once you do find a way to buy btc, its not so bad)

4) Accidentally sending to the wrong address (ive seen users do it on here)

5) NO CONSUMER PROTECTION (huge problem for most people shopping online)

6) Losing bitcoins (I forgot my password to my blockchain wallet and cant log in.  only lost a few dollars, but still frustrating)

7) MAINSTREAM MEDIA ATTACKS (making btc synonymous with criminal activity)

[neurotypical]

If you look at how few people there are who have bitcoin and how much of the bitcoin is owned by whales you will see that there is no way to make i stable. A single whale can break the whole economy if he want.

Not unless he has tens of thousands of coins and also a fat wallet of $$$. You see, the bitcoin ecosystem isn't only comprised of a single whale that would decide bitcoin's price. There are many of them swimming around, playing mind tricks against each other. There is no way that bitcoin's price will be stable for longer than a month, given that there are whales constantly playing with the price.

For whales to stop being effective with their manipulation we need seas of normal people moving tons of money daily. The bigger the volume the more useless the whale planned pump and dumps will be. This process is a gradual one and takes a lot of time with any new currency.

[LFC_Bitcoin]

People are scared of change, they're like sheep, following each other around, worried about making a different & independent move.

There are two types of people in life, wolves & sheep, which one are you?

[MF Doom]

If you look at how few people there are who have bitcoin and how much of the bitcoin is owned by whales you will see that there is no way to make i stable. A single whale can break the whole economy if he want.

Not unless he has tens of thousands of coins and also a fat wallet of $$$. You see, the bitcoin ecosystem isn't only comprised of a single whale that would decide bitcoin's price. There are many of them swimming around, playing mind tricks against each other. There is no way that bitcoin's price will be stable for longer than a month, given that there are whales constantly playing with the price.

For whales to stop being effective with their manipulation we need seas of normal people moving tons of money daily. The bigger the volume the more useless the whale planned pump and dumps will be. This process is a gradual one and takes a lot of time with any new currency.

This is possible if China continues buying.  I am now bullish because I think a lot of chinese are very uneasy about their current situation, and collectively they have the numbers to strengthen bitcoin price, and make it less susceptible to whale manipulation.

With that said though I think you are right.  1 whale could do some serious damage to btc if they wanted to mess with price volatility

[Falconer]

3) Difficulty in obtaining initially (once you do find a way to buy btc, its not so bad)

If they are really interested with bitcoin, I'm sure they will find the way to obtain it.

4) Accidentally sending to the wrong address (ive seen users do it on here)

I think its happened too in other transactions, not only bitcoin. It just depend on our precision before do transaction.

5) NO CONSUMER PROTECTION (huge problem for most people shopping online)

Atleast, US has prepared it https://www.cryptocoinsnews.com/us-consumer-agency-prepares-protect-bitcoin-shoppers/
Hope the other countries will do the same.

6) Losing bitcoins (I forgot my password to my blockchain wallet and cant log in.  only lost a few dollars, but still frustrating)

Like no 4, it only depend on our habit, we should do the backup note of code or password for every important things.

7) MAINSTREAM MEDIA ATTACKS (making btc synonymous with criminal activity)

IMO it's the most influential point that affect bitcoin development in society. There were news about drugs, weapons black market, terrorism, etc that involved bitcoin. It make people stay away from bitcoin.

[MF Doom]

7) MAINSTREAM MEDIA ATTACKS (making btc synonymous with criminal activity)

IMO it's the most influential point that affect bitcoin development in society. There were news about drugs, weapons black market, terrorism, etc that involved bitcoin. It make people stay away from bitcoin.

I agree that the media attacks are very hurtful to btc as a whole, because they tend to focus and point out things like associating drug money with btc, one article that was hot for a while was supposedly isis was using btc (story was very fishy).

And the media attacks have been relatively mild.  If btc really started to take off, I fully expect to see lots of media coverage of the slightest thing that causes problems.  They will be blown up and will try to make btc look bad.

[Falconer]

I agree that the media attacks are very hurtful to btc as a whole, because they tend to focus and point out things like associating drug money with btc, one article that was hot for a while was supposedly isis was using btc (story was very fishy).

And the media attacks have been relatively mild.  If btc really started to take off, I fully expect to see lots of media coverage of the slightest thing that causes problems.  They will be blown up and will try to make btc look bad.

I'm not sure that media did those with the purpose that they really want to make bitcoin look bad. They just combined a negative thing (which in research, most of people is interested to hear negative news) with a technology that be involved in that like bitcoin, in case to get people attention 
http://www.bbc.com/future/story/20140728-why-is-all-the-news-bad
https://www.psychologytoday.com/blog/wired-success/201411/why-we-love-bad-news-more-good-news

These news have got many attentions from the world and make them misunderstood about bitcoin at once    It will be harder to develop bitcoin then.

[I E]

BTC needs the trust of masses

It's the opposite.

The masses need the trust of BTC

Hehe, it's funny because this is true.