Why are they afraid of bitcoin?

[Kezio]

They afraid bitcoin because of ignorance. 150 years ago, people afraided of railway and train, 100 years ago, people afraided of alternating current. There are people in all ages afraid of new things.

I agree with you althought I think there's more than ignorance at play. My thoughts are that greed is also involved when we speak about banks and state, as in how can they profit from something that cannot be taxed properly.

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[criz2fer]

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

For me, educating people about bitcoin is important because people can learn from its investments. Most old fashion people don't embracre this innovation because of lack of interest of new technologies that offers blockchain technolgy system. In the future people will be known to its benefit and humanity will embrace it like this internet today.

[hahahafr]

That is called the revolution of the new communication, everything needs to change, we are already on 2017,
 almost 2018.

In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

We really need to change, we need to see digital money (cryptos) Everything needs to evolutionate.

Everything is changing right now, only that money is being the same, the banks and governments really need to accept that bitcoin might work as a new way to send and receive money.

But why they are not doing this? only because it is not profitable for them.

But for the good of the humanity, it really needs to get deeper.

[coynedterm]

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

In actual Saying about a thing and staying with that thing , both of them are different things because main reason behind this factor is that we face the actual reality of problem .
Here no matrers that who made study in particular field which belongs much to the economy of money or economical growth of region , but in Actual when he will go through this thing , that is bitcoin , then he will feel that everything is secret and anynomuous and nothing to hide and nothing to show Because main reason behind this factor is that we face skeptical condition of prediction/non-prediction that we will get profit or not .
And also here another factor that is the reserve bank gives us the gaurranty of value of currency that are running in country but in case of no authority is open who can give gaurranty of value of bitcoin , so I think these such types of factors are reason to get dear with such things .

[samuraijin]

Why are they afraid of bitcoin, because bitcoin does not regulate the value of its currency so they are not convinced that bitcoin will last for years, and I think with bitcoin at the moment, this is profoundly changing with all economic systems. People who jump into the bitcoin world, then bitcoin will improve their economics that use bitcoin

[best ever]

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

It is too early to give Noble for invention of Bitcoin. First of all we don’t know who must to get the prize and the second the global experiment in finance is on the way. We’ll see what will happen later.

[SneakyRik]

You would be afraid to but Bitcoin if you're looking at current prices. Only those who bought earlier on are smiling right now.

[ezekhiele]

Some people may afraid of bitcoin but not all. I think the main reason is they think bitcoin is a scam, specially if they invest money unto it. But, if you really know and dig more about bitcoin, bitcoin may change your life and leads you to a better future.

[malvinlee]

Bcos they heard bitcoin is illegal for business after we do btc now we know from btc we can earn a big money fr btc

[Peashooter]

Why are u think that they afraid?
Maybe they all have mining farms in their gardens...

The reason why thet afraid in bitcoin is the price that may become bubbles. They are afraid that the price of bitcoin will dropped $0 and if it is happen it will have negative effect in bitcoin industry and community. Lastly, I hope the price of bitcoin will not dropped to $0.

[posternat]

When one has been given the freedom in the economy, automatically the growth gets progressive around the country. In specific more the tax levied upon the citizens, more will be the corruption taking place. In majority of the countries corruption keeps the economy down, so similar issues can be sought with ease.

Things change with time and so is the currency. Remember the time we have taxi only and now Uber has given an altogether new ways of booking the taxi services without calling or leaving the home. Same is bitcoin doing with the fiat and giving people all together new ways of  payment. As always many people fear the change and these are those people who do not want the change and making people afraid of bitcoins.

[Paul stuart]

the only thing that scares the bitcoin is its mounted as "aggréssif"

[Wipro]

When one has been given the freedom in the economy, automatically the growth gets progressive around the country. In specific more the tax levied upon the citizens, more will be the corruption taking place. In majority of the countries corruption keeps the economy down, so similar issues can be sought with ease.

Things change with time and so is the currency. Remember the time we have taxi only and now Uber has given an altogether new ways of booking the taxi services without calling or leaving the home. Same is bitcoin doing with the fiat and giving people all together new ways of  payment. As always many people fear the change and these are those people who do not want the change and making people afraid of bitcoins.

Again you asks the bitcoins afraid with your answer bro. Still you missed to answer the reason for why people fear about it. As I know that bitcoin is being spreaded by the people as using on drugs or illegal usages means the reason for people panic on if.
Keep investing on bitcoin will let any one down with their investment they done with that.

[RudeeTam]

Because they think that bitcoin might fall at some time in the future. Also, because of the scams that have been circulating around using the name of bitcoin to scam people into investing in their schemes. 

[danggoron]

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

For me, educating people about bitcoin is important because people can learn from its investments. Most old fashion people don't embracre this innovation because of lack of interest of new technologies that offers blockchain technolgy system. In the future people will be known to its benefit and humanity will embrace it like this internet today.

I agree with you. blockchain and bitcoin technology is one of the most useful technological developments in the field of economics. however, a lot of negative news that makes people afraid to use bitcoin. so that the public has to be educated.

[jake zyrus]

I think no need afraid to bitcoin, because bitcoin can help people to get more profit.
They can get more income from bitcoin, so I'm not sure why they must afraid about bitcoin?
[/quote
Dont be affraid in joining bitcoin . Bitcoin helps us in our financial problem. They makes to become successful and secure in future
 Theres no one thing that can be affraid in bitcoin. Maybe they affraid sometimes rumors in bitcoin. Dont be affraid because bitcoin is real.

[jazmuzika217]

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

Because probably theres some assholes making bad publicity about Bitcoin. In my country (Philippines), theres a rumor that Bitcoin is run by the syndicate and believe me people really buy that hoax. I think people scared because they are misinformed. They didnt really knew the whole thing or maybe theyre really dont have time to dig more infos or research about it thats why theyd just believed what other people says about it which I think is wrong. For me, in order for someone to understand this whole crypto world, I think its just safe to say that they need to read some reliable articles and try it themselves.

[QuestionAuthority]

Every student of the political economy who understands the style of the work of the technique of Blockchain and Bitcoin BTC will be absolutely sure that the next alternative to the classical system is the digital currencies, which by their characteristics (speed - privacy - lack of costs - decentralization of the system ...) The foundations of political economy in all its schools, from Aristotle and Ibn Khaldun to Marx, Adam Smith and Keynes and finally with Friedman. These scholars, who laid the foundations of economic thought through money supply, can control the economy of countries and their economic policy.
In my opinion, Noble In the economy of this great invention that will change humanity and will throw our lives upside down in so-called Internet value ..........

They aren’t afraid at all. They know bitcoin is too unstable and corrupt to be a problem. They do see the value in blockchain technology and are researching ways to implement it into normal banking.

People don’t understand what bitcoin really is on this forum so they think bitcoin can topple governments and crush evil bankers. Neither of those are true.

Bitcoin is a computerized transaction ledger. It’s nothing but a secure way to share a database worldwide. That’s why it takes two elephants to move a blockchain copy across the street. Imagine having a copy of quicken database software and adding an internet protocol to it and then using it to store every transaction used to buy anything worldwide. That database would quickly become an enormous unnavigable nightmare that takes days to download at high speed (exactly what’s happening right now to bitcoin).

Bitcoin cannot topple governments. The US governments budget and computer financial storage method does not approve and vote for the president. The president approves and votes for the budget. Almost all dollars used worldwide today are not pieces of paper handed across oceans, they are digital representations of dollars. These transactions are stored in huge databases. The EFT/ACH System transfers transaction volumes so enormous it would cripple bitcoin in about 90 seconds if bitcoin were used instead. EFT/ACH doesn’t require dollars. Those transactions could be denominated in anything and the EFT/ACH database wouldn’t care because it’s only tracking transactions. All the fed does is electronically control money amounts. If they used bitcoin the first thing they would do is change the 21m limit.

Bitcoin cannot end banking as we know it. Just the opposite. Blockchain technology could make individual banks transactions more fast and secure. Blockchain wouldn’t be fast enough to handle the ACH/EFT System but it could replace one companies system pretty effectively. That’s why big banking is researching it. Banks can use any currency for their transactions (even bitcoin if they wanted to). Using bitcoin would not change the way the bank does business. It would simply change the currency it’s using from dollars or yen to bitcoin. Banks don’t print money they make loans in some currency. Bitcoin won’t change that business model.

Anyone that says this is wrong is a fool that doesn’t understand how the world works. They shouldn’t be allowed to vote because they will end up putting some dumbass like Donald Trump in office.

[bennysax]

1 They (government) know that influence will be transferred from the elite to the low class citizen

2. The elites are financial empowered with the fiat currency but with this technological driven world, so many of them who are not technologically inclined would be behind as younger generation takes over the wealth

[boyshx]

Traditional currencies like gold, USD have big impact on investors all over the world. Fiat currencies & banks are dominating all economies. These currencies are in the world from hundreds of years. Bitcoin or cryptocurrencies are the latest invention in currency world. They exist only in digital formats. Traditional centralised currencies are governed and regulated by governments; they are less volatile in nature. Decentralised bitcoin is the most volatile currency, no authority is there to backup or regulate its volatility. Due to peer to peer operating method bitcoin is getting used in criminal activities. Due to all these reasons people are afraid of it.