Introducing bitcoin is not that easy

[nara1892]

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 wonder how you explained bitcoin to them. I think they misunderstood, but there is possibility that you explained bitcoin in a wrong way. I just want to ask you, in what language did you explain bitcoin to them? your native language or English? and what did you emphasize about bitcoin?

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[acroman08]

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

Then this jury is focusing on bitcoins risks. but rather than letting him focus on one problem you should've
presented other features of bitcoin(I'm sure this will bring more questions) to expand his knowledge about bitcoin a little more
and stop him from focusing on one problem. while you are explaining bitcoin he will realize the other problems that bitcoin has, but putting a little solution to that problem(just like KYC policy) will lessen the weight of the problem, and you should highlight the benefits and possibilities rather than focusing how to defend one problem.

Anyway, are you going to have another thesis defense?

[Xester]

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

Then this jury is focusing on bitcoins risks. but rather than letting him focus on one problem you should've
presented other features of bitcoin(I'm sure this will bring more questions) to expand his knowledge about bitcoin a little more
and stop him from focusing on one problem. while you are explaining bitcoin he will realize the other problems that bitcoin has, but putting a little solution to that problem(just like KYC policy) will lessen the weight of the problem, and you should highlight the benefits and possibilities rather than focusing how to defend one problem.

Anyway, are you going to have another thesis defense?

The best way to answer a question is by returning the question. If they ask that bitcoin is prone to money laundering ask them also if fiat currency is not prone to money laundering. If they ask that it used in black market then you return the question, is USD not used in black market, what are the americans used in buying illegal drugs, weapons isnt it US dollars.  Then when they answer the question you will reply that bitcoin is like US dollars, it is a currency online and has value and thats why it is not the currency that is the problem but it is the users.

[chixka000]

I wonder how you explained bitcoin to them. I think they misunderstood, but there is possibility that you explained bitcoin in a wrong way. I just want to ask you, in what language did you explain bitcoin to them? your native language or English? and what did you emphasize about bitcoin?

Well i just explained to them that for a reservation system that we proposed i would like to introduce to you all bitcoin a much better way of payment processor lesser fees and better security.

Then this jury is focusing on bitcoins risks. but rather than letting him focus on one problem you should've
presented other features of bitcoin(I'm sure this will bring more questions) to expand his knowledge about bitcoin a little more
and stop him from focusing on one problem. while you are explaining bitcoin he will realize the other problems that bitcoin has, but putting a little solution to that problem(just like KYC policy) will lessen the weight of the problem, and you should highlight the benefits and possibilities rather than focusing how to defend one problem.

Anyway, are you going to have another thesis defense?

Yup i guess the idea of this one jury was only the downside and he only ask if how can we solve that kind of problem(which is money laundering if we use it as a payment processor, I actually said that one you have stated and he just agreed on it however there were still doubts lol

Anyway, are you going to have another thesis defense?

Actually that one was only an introduction that is why I did proposed btc because there were a lot of audience that includes lower years like 3rd down to first year students and it is the best way to introduced btc

[acroman08]

The best way to answer a question is by returning the question. If they ask that bitcoin is prone to money laundering ask them also if fiat currency is not prone to money laundering. If they ask that it used in black market then you return the question, is USD not used in black market, what are the americans used in buying illegal drugs, weapons isnt it US dollars.  Then when they answer the question you will reply that bitcoin is like US dollars, it is a currency online and has value and thats why it is not the currency that is the problem but it is the users.

That wouldn't help the defense at all, it will just show that you are not capable of bringing/proposing
a solution to the problem in question. if you do that you already lost your defense.

Anyway, are you going to have another thesis defense?

Actually that one was only an introduction that is why I did proposed btc because there were a lot of audience that includes lower years like 3rd down to first year students and it is the best way to introduced btc

I see! It's great that you thought about presenting bitcoin rather than another topic which you may already know and familiar with and can defend it much easier than bitcoin.

[dihari]

Someone will be hard to know or explain about bitcoin if they don't want it. But they want to know about bitcoin, they will learn about it and looking for any articles, websites, books, friends that knowing bitcoin. It's all about will.
Me too, when I first heard a friend talk about bitcoin, I don't understand it and I am not interest on it. But when I see someone on the internet explain how bitcoin work and show his profit I 100% interest. It's because I love money, and he showed me money.

[iram3130]

It is not that easy to convince people who don't know the meaning or working of Bitcoins. Most of the outsiders think it as a way to launder money. 
And yes I can understand how you feel when some exchanges ask for KYC and we have to do them in order to withdraw or deposit Fiat. 

[Betwrong]

   You had some sort of presentation and when hurry started to ask questions you didnt have answers.
    Money laundering is happening with fiat for a long time, its hypocritical from fiat lovers to judge bitcoin. Why dont they clean their yard before they even start to talk about other yards! This kind of attitude is really annoying, dont lose your nerves in trying to explain, like The Pharmacist said: " Good luck trying to convince people of that.  Either you like bitcoin already, or you're not going to be convinced, ever. " Respect!

I was going to say almost same words. That member of the jury was saying words he/she heard from the media, and they actually have no clue by themselves. That's a problem with modern education system - students know more than their teachers. I don't even know what to suggest for OP to do because exposing their ignorance he might get himself in troubles.

[acroman08]

   You had some sort of presentation and when hurry started to ask questions you didnt have answers.
    Money laundering is happening with fiat for a long time, its hypocritical from fiat lovers to judge bitcoin. Why dont they clean their yard before they even start to talk about other yards! This kind of attitude is really annoying, dont lose your nerves in trying to explain, like The Pharmacist said: " Good luck trying to convince people of that.  Either you like bitcoin already, or you're not going to be convinced, ever. " Respect!

I was going to say almost same words. That member of the jury was saying words he/she heard from the media, and they actually have no clue by themselves. That's a problem with modern education system - students know more than their teachers. I don't even know what to suggest for OP to do because exposing their ignorance he might get himself in troubles.

It was a presentation guys and the job of the jury is to question the obvious flaws of the presented topic
and the job of the presenter of the topic is to defend the topic he presented. the jury is not familiar about bitcoin
that's why he ask a common question, it's not hypocritical to ask an obvious problem, isn't it?

[TastyChillySauce00]

   You had some sort of presentation and when hurry started to ask questions you didnt have answers.
    Money laundering is happening with fiat for a long time, its hypocritical from fiat lovers to judge bitcoin. Why dont they clean their yard before they even start to talk about other yards! This kind of attitude is really annoying, dont lose your nerves in trying to explain, like The Pharmacist said: " Good luck trying to convince people of that.  Either you like bitcoin already, or you're not going to be convinced, ever. " Respect!

I was going to say almost same words. That member of the jury was saying words he/she heard from the media, and they actually have no clue by themselves. That's a problem with modern education system - students know more than their teachers. I don't even know what to suggest for OP to do because exposing their ignorance he might get himself in troubles.

It was a presentation guys and the job of the jury is to question the obvious flaws of the presented topic
and the job of the presenter of the topic is to defend the topic he presented. the jury is not familiar about bitcoin
that's why he ask a common question, it's not hypocritical to ask an obvious problem, isn't it?

Definitely. It's really normal to ask whether bitcoin is getting used for laundering money or not due to lack of knowledge regarding bitcoin if they already know the answer then why did they ask that question?
and in my opinion that asking such question doesn't mean the jury is fiat lover or whatever, the jury is just curious and want the right answer to make things clear.
And at the end when you have done your explanation to the jury, it's them who will make a decision to whether keeping trusting what media said or turning back and return to the truth.

[acroman08]

Definitely. It's really normal to ask whether bitcoin is getting used for laundering money or not due to lack of knowledge regarding bitcoin if they already know the answer then why did they ask that question?
and in my opinion that asking such question doesn't mean the jury is fiat lover or whatever, the jury is just curious and want the right answer to make things clear.
And at the end when you have done your explanation to the jury, it's them who will make a decision to whether keeping trusting what media said or turning back and return to the truth.

Because the problem is still unsolved or don't have yet a solution, that's why proving one is a must,(I know that fiat is being used to money laundering, but the government created a law to prevent or punished anyone caught doing it and bitcoin don't/doesn't have that law.)and in his case, KYC policy is what he presented as a solution.

[Carmen_Sandiego]

The hard part, of course, is to make people understand that the current financial model, in which fiat currencies are based, is a model full of failures, and the causes of such failures are mainly the centralization points that exist in such a system. If people understand this, it will be easier for them to understand the importance of Bitcoin, because Bitcoin solves such problems by eliminating such points of centralization, thereby eliminating problems such as inflation.

[Vaskiy]

Introducing bitcoin is truly very hard. In my view explain with the good thing bitcoin has, never and ever try to explain bitcoin in relation to gambling. The hardest part people easily understands it and ends up in a short.

[Edraket31]

Introducing bitcoin is truly very hard. In my view explain with the good thing bitcoin has, never and ever try to explain bitcoin in relation to gambling. The hardest part people easily understands it and ends up in a short.

We cannot blame people, the first time I heart it  I think this is just a waste of time and bitcoin is just like any networking company who invites you and all you have to do is to invite friends for you to earn, but I was wrong. Then, the time that I want to share this good news to my friends they don't believe me until I let them see my first pay out and they were all amaze and get interested but never had the chance to join here.

[Soul Reaper]

It would be a Herculean task to introduce bitcoins.
To get this as a good practice in the minds of the poeple.they need to get out of the typical middle class mindset of thinking it not to be safe.
The media has a major role to play in this they have to set up a good example amomg people for bitcoins.people who don't know about it think it to be a form of gamble etc where as ironically people who like it like it like hell.
The economists of the State who control it's policies should promote em and think good about em.
Also controlling committee of bitcoin should not hide it's identity(as that is one of major reasons why people think it to be insecure) and try to promote its trade.

[Zadicar]

Introducing bitcoin is truly very hard. In my view explain with the good thing bitcoin has, never and ever try to explain bitcoin in relation to gambling. The hardest part people easily understands it and ends up in a short.

We cannot blame people, the first time I heart it  I think this is just a waste of time and bitcoin is just like any networking company who invites you and all you have to do is to invite friends for you to earn, but I was wrong. Then, the time that I want to share this good news to my friends they don't believe me until I let them see my first pay out and they were all amaze and get interested but never had the chance to join here.

Same as yours when i first hear about bitcoin i thought it was just an another mlm networking again which i dont pay attention until i discovered later on for myself the benefits and usage of its which really caught my interest and later on i do make self study without the need of someone.

[Ferris419]

Introducing bitcoin is truly very hard. In my view explain with the good thing bitcoin has, never and ever try to explain bitcoin in relation to gambling. The hardest part people easily understands it and ends up in a short.

We cannot blame people, the first time I heart it  I think this is just a waste of time and bitcoin is just like any networking company who invites you and all you have to do is to invite friends for you to earn, but I was wrong. Then, the time that I want to share this good news to my friends they don't believe me until I let them see my first pay out and they were all amaze and get interested but never had the chance to join here.

Same as yours when i first hear about bitcoin i thought it was just an another mlm networking again which i dont pay attention until i discovered later on for myself the benefits and usage of its which really caught my interest and later on i do make self study without the need of someone.

Same here even I found little bit boring and complicated at the initial stage but I came to know very early about its potential and started to develop interest in it and started to research about it and now I am motivating people around me to start using bitcoins.

[chixka000]

I see! It's great that you thought about presenting bitcoin rather than another topic which you may already know and familiar with and can defend it much easier than bitcoin.

My primary objective during the forum was to actually brought the idea of this currency on the digital world. Although they seems not to care because of not understanding the thing the objective was met because at first it caught their attention

[meelvanchris]

I see! It's great that you thought about presenting bitcoin rather than another topic which you may already know and familiar with and can defend it much easier than bitcoin.

My primary objective during the forum was to actually brought the idea of this currency on the digital world. Although they seems not to care because of not understanding the thing the objective was met because at first it caught their attention

It can be difficult at primary stage to make people understand about the concept of bitcoins but if we show them how it can give them extra money to them by simply spending few hours on this forum and how can they convert their bitcoins to real money then it will surely help in motivating them to start using bitcoins.

[chixka000]

I see! It's great that you thought about presenting bitcoin rather than another topic which you may already know and familiar with and can defend it much easier than bitcoin.

My primary objective during the forum was to actually brought the idea of this currency on the digital world. Although they seems not to care because of not understanding the thing the objective was met because at first it caught their attention

It can be difficult at primary stage to make people understand about the concept of bitcoins but if we show them how it can give them extra money to them by simply spending few hours on this forum and how can they convert their bitcoins to real money then it will surely help in motivating them to start using bitcoins.

I did already expect them not to understand it however i was still sucessful on introducing it to them and just like us , only those who are interested would be a part of our community in the near future