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Author Topic: Introducing bitcoin is not that easy  (Read 6957 times)
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January 28, 2017, 07:29:21 PM
 #41

Yes I agree with this point. Even while discussing it with friends or explaining them about bitcoin is not an easy task because we have to tell them from level 0 as they usually don’t have any idea about what cryptocurrency is all about and making sure that we don’t misrepresent or misguide them is the most important thing IMO.  I am sure more and more people would hear about bitcoin and then it will be easier to explain them.

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January 28, 2017, 07:45:40 PM
 #42

Really its not that easy to introduce bitcoin as a bitcoin is itself a very large and widely spread in the online market!! Also its rules and process are also very hard to understand for a new person.
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January 28, 2017, 07:57:48 PM
 #43

Yes I agree with this point. Even while discussing it with friends or explaining them about bitcoin is not an easy task because we have to tell them from level 0 as they usually don’t have any idea about what cryptocurrency is all about and making sure that we don’t misrepresent or misguide them is the most important thing IMO.  I am sure more and more people would hear about bitcoin and then it will be easier to explain them.

I think we need to keep things simple at the initial stage and should not show them the technical aspects of bitcoins and should show them how can they earn money with bitcoins and can convert those bitcoins to real money as everyone loves extra money and this may attract them to start using bitcoins.
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January 28, 2017, 11:56:49 PM
 #44

Yes I agree with this point. Even while discussing it with friends or explaining them about bitcoin is not an easy task because we have to tell them from level 0 as they usually don’t have any idea about what cryptocurrency is all about and making sure that we don’t misrepresent or misguide them is the most important thing IMO.  I am sure more and more people would hear about bitcoin and then it will be easier to explain them.

I think we need to keep things simple at the initial stage and should not show them the technical aspects of bitcoins and should show them how can they earn money with bitcoins and can convert those bitcoins to real money as everyone loves extra money and this may attract them to start using bitcoins.

It will also depend the person you are dealing with if he is attracted towards new technology and don't have a habit of learning something new then we cannot expect that he will start using bitcoins and the fact is people have full time job and for the same reason they cannot spare time for bitcoins so they prefer to stay away from it.

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January 29, 2017, 01:29:38 AM
 #45

Its very hard to introduce bitcoins to the people around you I tried to explain to my family members but they were simply not interested in knowing or understanding it but few of my friends found it an great concept and started to learn more about it and now some of them are a part of this forum and earning good amount of bitcoins from signature campaign and hopefully the number of friends will keep on increasing in coming years.

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January 29, 2017, 01:54:44 AM
 #46

Its very hard to introduce bitcoins to the people around you I tried to explain to my family members but they were simply not interested in knowing or understanding it but few of my friends found it an great concept and started to learn more about it and now some of them are a part of this forum and earning good amount of bitcoins from signature campaign and hopefully the number of friends will keep on increasing in coming years.

The best way is to explain what you're doing right now in your bitcoin business. and don't forget to explain most of your earnings, If you can't show off your income from bitcoin, you have to chase the story from now. Most people wouldn't understand if it's just reading the title of a book. They just need action and success stories. Obviously, using bitcoin is not prohibited by anyone.

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January 29, 2017, 02:11:17 AM
 #47

Yesterday was a research forum of thesis school project and I actually did introduce in our system about using bitcoin as a payment processor aside from paypal,visa, bank transfer or whatsoever. I actually do assume it that no one actually cares so expected things did really happened.

 However there is this one jurry stated that bitcoin is really prawn to money laundering and he ask if how would a certain business owner risk it and that made me realize that he is somehow right and that leads to other quedtion about the exchanger sites which follows KYc policies to prevent or atleast minimize the risk of money laundering however it violates also the main feature of bitcoin which is the anonymous transactions
The government is doing what is right, we should not question their decision. In fact, we cannot use our bitcoin if we prefer to be anonymous online since if we choose to, we will not choose to convert our bitcoins to fiat which is made by the government. Exchange sites are like bank when it's regulated, they are directed to keep our personal or private information as a secret just like a bank secrecy law but required to submit necessary information to combat money laundering activities.

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January 29, 2017, 02:24:15 AM
 #48

In op's case he lost his cool at the first hard question about bitcoin being used mainly as money laundering tool.
To promote bitcoin in a effective way you have to be really knowledgeable about the subject you are advocating.
I am not talking about deep technical knowledge, but at least you have to know some bitcoin myths to be ready to debunk them.

You will have to know what to say in case someone accuse bitcoin of:
- being one giant Ponzi,
- being illegal currency
- being worthless because is not backed by anything
- having no intrinsic value
- being used by tax evaders
- no chargeback mechanism makes bitcoin bad
- being easily hackable

etc.
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January 29, 2017, 02:43:54 AM
 #49

Introducing bitcoin is not that easy especially when talking to it to the public, it sounds weird to them, and letting them know how do bitcoin works. Because even me at first I find it hard to understand on what is bitcoin, on how does it works, how it circulate in web itself, many questions pop up into my mind when I heard bitcoin, it was just introduced to me by my friend who is earning too here.
It is hard to explain then for new users. But the effective way is to let them watch videos I guess, because language matters on introducing it, if wrong words used it might cause it to ignoring bitcoin.

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January 29, 2017, 02:45:32 AM
 #50

I has to teach my friend about Bitcoin i need long time to teach Him about Bitcoin, even i'm telling bitcoin over and over He will ask the same question in future, and i make summarizing teach Bitcoin with people who have zero knowledge about Internet is like doing things in vain, moreover He won't to make own research.

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January 29, 2017, 03:10:38 AM
 #51

It really is complicated to make people have the same view about Bitcoin as we do. One thing I try to explain is about the defects of fiat money and how Bitcoin corrects it, it spends some time, but it is more productive.


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January 29, 2017, 03:16:00 AM
 #52

I find it really difficult to introduce bitcoin to other people,
When I introduce bitcoin to my friends and family they just told me that I was just wasting my time on it,
That bitcoin is just a scam it doesn't really have a value
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January 29, 2017, 04:54:07 AM
 #53

Yesterday was a research forum of thesis school project and I actually did introduce in our system about using bitcoin as a payment processor aside from paypal,visa, bank transfer or whatsoever. I actually do assume it that no one actually cares so expected things did really happened.

 However there is this one jurry stated that bitcoin is really prawn to money laundering and he ask if how would a certain business owner risk it and that made me realize that he is somehow right and that leads to other quedtion about the exchanger sites which follows KYc policies to prevent or atleast minimize the risk of money laundering however it violates also the main feature of bitcoin which is the anonymous transactions

i think the jury know bitcoin from the wrong info and judge bitcoin for illegal activity, i think that jury need to read about bitcoin first then he will know that bitcoin is a good investment that he can makes too like other people. the bitcoin have bad reputation by using for ponzi, hyip, illegal activities and we need to introducing bitcoin so people will not make wrong perception with bitcoin.

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January 29, 2017, 05:24:44 AM
 #54


i think the jury know bitcoin from the wrong info and judge bitcoin for illegal activity, i think that jury need to read about bitcoin first then he will know that bitcoin is a good investment that he can makes too like other people. the bitcoin have bad reputation by using for ponzi, hyip, illegal activities and we need to introducing bitcoin so people will not make wrong perception with bitcoin.

I think if he be a jury he had learned what it was bitcoin, with all things related to the advantages or illegal activities that use bitcoin. And I think he was not get wrong information dude. He may not be a jury if he is not competent in the world of bitcoin.

Btw, in my country to introduce bitcoin is not a difficult or easy things. Because my country have power of the media and that can be use to promoted bitcoin. Thank you
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January 29, 2017, 05:26:03 AM
 #55

Yes I agree with this point. Even while discussing it with friends or explaining them about bitcoin is not an easy task because we have to tell them from level 0 as they usually don’t have any idea about what cryptocurrency is all about and making sure that we don’t misrepresent or misguide them is the most important thing IMO.  I am sure more and more people would hear about bitcoin and then it will be easier to explain them.

I think we need to keep things simple at the initial stage and should not show them the technical aspects of bitcoins and should show them how can they earn money with bitcoins and can convert those bitcoins to real money as everyone loves extra money and this may attract them to start using bitcoins.

It will also depend the person you are dealing with if he is attracted towards new technology and don't have a habit of learning something new then we cannot expect that he will start using bitcoins and the fact is people have full time job and for the same reason they cannot spare time for bitcoins so they prefer to stay away from it.

I think it’s less about price and money and more about ease of doing a transaction so job won’t affect the person’s learning interest about this technology. I know some individuals who are highly impressed with this technology and they have invested their funds as well as time in order to build something out of it, irrespective of their opportunity costs.

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January 29, 2017, 05:43:40 AM
 #56

Yes I agree with this point. Even while discussing it with friends or explaining them about bitcoin is not an easy task because we have to tell them from level 0 as they usually don’t have any idea about what cryptocurrency is all about and making sure that we don’t misrepresent or misguide them is the most important thing IMO.  I am sure more and more people would hear about bitcoin and then it will be easier to explain them.

I think we need to keep things simple at the initial stage and should not show them the technical aspects of bitcoins and should show them how can they earn money with bitcoins and can convert those bitcoins to real money as everyone loves extra money and this may attract them to start using bitcoins.

It will also depend the person you are dealing with if he is attracted towards new technology and don't have a habit of learning something new then we cannot expect that he will start using bitcoins and the fact is people have full time job and for the same reason they cannot spare time for bitcoins so they prefer to stay away from it.

I think it’s less about price and money and more about ease of doing a transaction so job won’t affect the person’s learning interest about this technology. I know some individuals who are highly impressed with this technology and they have invested their funds as well as time in order to build something out of it, irrespective of their opportunity costs.
If people could able to saw that they could able to make money through bitcoin then they would surely got interested but mostly people i believe would go on the features and benefits that it gives. If they got impressed then they will surely jump in but its not really easy to explain to anybody about bitcoin.

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January 29, 2017, 06:41:47 AM
 #57

Yesterday was a research forum of thesis school project and I actually did introduce in our system about using bitcoin as a payment processor aside from paypal,visa, bank transfer or whatsoever. I actually do assume it that no one actually cares so expected things did really happened.

 However there is this one jurry stated that bitcoin is really prawn to money laundering and he ask if how would a certain business owner risk it and that made me realize that he is somehow right and that leads to other quedtion about the exchanger sites which follows KYc policies to prevent or atleast minimize the risk of money laundering however it violates also the main feature of bitcoin which is the anonymous transactions

I think you were not smart enough to tell the jury that bitcoin can be the very best solution for money laundering. Unlike dollars which can be exchanged physically and leave no trace of transactions, bitcoin can be traced through its transactions. Although it is anonymously transacted, it is very easy to trace every truncation. in regards to KYC, it depends with the transacting entity, they might need to do it before accepting any bitcoin transaction. Just do a little bit more research and you will realize that it actually easy to explain to the jury
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January 29, 2017, 07:04:49 AM
 #58

Hey guys this ain't school to write an essay with the subject being the title of this thread. people are either re*ards or m*rons, that is why introducing that chick (BTC) to them is hard. we live in a world where some people see a car they try to feed it like a horse, what do you really expect? first rule of teaching is, try to teach someone who has the desire to learn. we can't just put everything on the table all together and expect they swallow it all and understand it, just give them time and they will eventually come around.
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January 29, 2017, 08:11:07 AM
 #59

I find it really difficult to introduce bitcoin to other people,
When I introduce bitcoin to my friends and family they just told me that I was just wasting my time on it,
That bitcoin is just a scam it doesn't really have a value
I also in the same situation as you. Many people in my country, even my family, do not like Bitcoin and they think that Bitcoin are related to some Multi-Level Marketing or the ponzi scheme because many bad people have used Bitcoin as a tool to steal other people money. Therefore, it kinda waste of time to introduce people here about it. However, in the future, I believe that their mindset will be changed because the technology keep developing and it forces people to learn and adapt to new inventions or they will be obsoleted

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chixka000
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January 29, 2017, 08:43:18 AM
 #60

Actually your panelist is somehow intelligent upon saying this.
" im telling this not because i dont like or have understood bitcoin that much however in bitcoin there were no rules that can easily convict a person in doing so"
But as a panelist maybe he is really that type of person that still needs to be explained on how really bitcoin is working. Because base on your statement on how things did go, he is just looking for the negativity which he just overheard about bitcoin for being used for money laundering. But what you are doing is good, innovation.

Bitcoin is being used for money laundering there's no doubt about that, but in his case, he is unable
to defend his introduction of bitcoin properly resulting, to a negative image of bitcoin. But introducing
bitcoin is never easy but if you were to introduce it you should be able to answer the question they may
have to convince them about the possibilities of bitcoin.

I actually do, I have introduced him the exchanger site that i was only recommending. That site is somewhat similar to coinbase it follows a KYC policy to prevent or lessen money laundering.

He really is a smart guy, the other 2 jury doesn't have any single idea what are we debating during that time tho

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