Facts and Truths of Crypto Currency

[Agbe]

There is a different between fact and truth. Fact is the process in which someone see or hear something at a particular time or moment. Examples:

1. It was a fact that Ebi was with Pius wife in the room but it was not true that they had sex.

2. It is the fact that almost every country in the world deals with crypto currencies even though some nations banned it at some point in time  in there States but later approved or had the decision to  reviewed and taken it back.

Truth is the process of confirming, accepting what has been seen or heard of. Examples:

1. It is true that Nigeria is the Second largest Bitcoin Trading Country in the world.
 https://www.financialnigeria.com/nigeria-ranks-as-world-s-second-largest-bitcoin-trader-after-the-us-news-2282.html

2. It is not true that all the countries which use crypto currencies have the machines to dispense the hardcopy of the currencies.

Another truth is that most of the youths, women, men, pastors,  Christians and Muslims still believe that crypto currency is a scam or gamble which will die off like Money Making Machine (MMM).

I was also among these group of people after my first encounter/experience in one of the crypto currency seminar in my locality which I posted at the " Beginners & Help" forum.  

The fact is that crypto currency is real, but it is not true that everybody believes it, because other fiat currencies are also used for online transactions and also physical transaction and crypto currencies for them  is only for online transactions, therefore, it's meant for scammers and gamblers.

So, how do we convince those set of people to know that crypto currency is not for scammers or gamblers but for genuine business transactions of online and offline? I know a lot of people disbelieve this currency.

Is there any avenue for them to see and know the truth , not only the fact but the " TRUTH"?

Nigeria being the second to USA in the crypto currency trading is tagged or regarded as a scammer's nation or internet fraudster's nation. This come with a complete disregard for the many crypto business entrepreneurs in the  country and also sends a negative image for the currency.

I was also using these two elements to analyse crypto currency. Which are:

1. Fact
2. Truth.

I was having the fact that crypto currency did exist but I was not convinced that it is for gentle men like pastors, Christians, age men/women, but I was believing that is is for scammers and internet fraudsters and hackers to deceive people.

When I had the conviction, I became interested to know more.

I am saying this from personal experience on fact and truth..

Is any of this verifiable?

[Magicalking]

To be honest I think it's too early for you to start convincing others to invest in Bitcoin. Before you start preaching the Bitcoin gospel you need to know more about Bitcoin. You don't expect someone to invest in something when they don't know what it is.

Is any of this verifiable?

Which part?
Myth vs Facts and My Assumptions about Bitcoin

[cryptoaddictchie]

I beg to disagree with some of your lines. Isnt it racist to mention that crypto werent for people with religions especially pastors? Also thats not good in your point of view that its only ground for scammers. There are legit crypto users too that lingers on the market. Yes there are but dont generalize that its only for scammers. People taking advantage of decentralize aspect but this doesnt mean crypto isnt good.

[Dunamisx]

1. It is true that Nigeria is the Second largest Bitcoin Trading Country in the world.

No
Nigeria is third in place in global ranking i don't need to prove that while first in Africa.

2. It is not true that all the countries which use crypto currencies have the machines to dispense the hardcopy of the currencies.

Remember crypto or bitcoin preferably is a digital currency which i think should answer your question, also note that not all countries has the machine and i think the purpose of the machine is to perform transactions and not to dispense a coin for you.

Another truth is that most of the youths, women, men, pastors,  Christians and Muslims still believe that crypto currency is a scam or gamble which will die off like Money Making Machine (MMM).

you could have just used a pronoun (people) or (caliber) to cover all the names and titles. and the best way to help people believe the truth about Cryptocurrency is you doing the same way which led to your conviction and give that back to the community.

[Pmalek]

Like any other currency, you can use it for good or bad. But the asset itself can't and shouldn't be labelled. We currently see that millions of dollars are being donated to Ukraine as financial aid. That's a good use of crypto. The aim of the people was to help someone in need. Does that make Bitcoin good? No it doesn't. It makes it a sound payment option in situations like that.

Someone could also organize a Bitcoin donation campaign with the aim of purchasing weapons and ammunition to shoot at Ukrainian civilians. And if they want, people could donate. Does that make the currency evil? No. It's the people who choose what to do with it.

True and Fact:
Bitcoin is an open-source and decentralized protocol. It's global and censorship-resistant. It achieves transaction finality much faster than credit card or bank transactions, and it's irreversible.

[Stalker22]

I am saying this from personal experience on fact and truth..

Is any of this verifiable?

The truth is something that can be proven by facts. Some of your statements that you assert to be true are actually backed up with false arguments based on hasty generalization. They might be true in one instance, but that does not mean they are absolute truths.

For example, the statement you have made:  "Another truth is that most of the youths, women, men, pastors, Christians and Muslims still believe that crypto currency is a scam or gamble..." is not a fact, but your opinion. As such, you cannot claim that it is true. To verify if it is really true, you would have to interview pretty much everyone on this planet.

[Agbe]

I am saying this from personal experience on fact and truth..

Is any of this verifiable?

The truth is something that can be proven by facts. Some of your statements that you assert to be true are actually backed up with false arguments based on hasty generalization. They might be true in one instance, but that does not mean they are absolute truths.

For example, the statement you have made:  "Another truth is that most of the youths, women, men, pastors, Christians and Muslims still believe that crypto currency is a scam or gamble..." is not a fact, but your opinion. As such, you cannot claim that it is true. To verify if it is really true, you would have to interview pretty much everyone on this planet.

Most time in philosophy, we use inductive and deductive reasoning to analyze events, and most time it becomes true in the third world countries.


I write this thread based on personal experienced which I witnessed and Know most of the people that are still calling Bitcoin as a scammers game to trick people. Mostly pastors and believers..

[Darker45]

I'm afraid you are not properly explaining what a fact and a truth is. Although there are various philosophical propositions on what a fact or a truth is, basically, both fact and truth are not processes.

As regards fact, "it is the fact that almost every country in the world deals with crypto currencies..." is not actually a factual statement. You are not stating any fact here. You could have said, "on March 12, 2021, the Nigerian parliament passed a bill that bans Bitcoin in the country." Now, that's a factual statement. Whether it is true or not is a different story. It will have to be verified. If somebody went to the parliament secretariat and checked the records and confirmed that indeed such a bill was passed on the day mentioned, then such statement is a true statement. There's the truth.

Anyway, however we treat Bitcoin is more or less subjective. If you think that Bitcoin is for gentlemen, then so be it. Others think that Bitcoin is for criminals.

[hugeblack]

People see and hear what their friends, community, media, TV channels are telling them, and the information presented to them may not be “truth” but they continue to believe it.

There are many reasons for this and I can summarize them:

 - Fear: Many people are afraid of something new or something that no one has tried.
 - Loss: People don't like to lose, yet you don't find them willing to do anything but avoid doing anything to avoid losing.
 - Beliefs: Beliefs play a key role in the perception of many people, changing these beliefs may take some time.
 - Programming: As they say, it is difficult to teach an old dog a new trick, and therefore it is difficult to change people's habits.
 - Regulation: Many people want government support for something so they can buy it.

With time, you will find that some will overcome the barrier of fear, greed will make the loss less, and then, like a snowball, things will change quickly.

All you have to do now is not to make everyone use Bitcoin, but to make those who use bitcoin use it wisely.

[Maus0728]

I write this thread based on personal experienced which I witnessed and Know most of the people that are still calling Bitcoin as a scammers game to trick people. Mostly pastors and believers..

If that's the case, then so be it!

Because the truth is, you can't force your beliefs down to someone else's throat. Enforcing the concept of truths and lies occurring in the cryptosphere won't help much, especially for those who are unwilling to adopt a new paradigm.

At the end of the day, it is not your liability If they don't appreciate bitcoin or the technology itself.

[Daodex]

I've known one or two things about BTC since 2015 but I still find it hard to confuse people to invest in this technology, people in my country don't care about world freedom from centralized power, the only thing I can do is wait till crypto prove itself better, the moment they start having interest in such technology is the best time to come in.

[Stalker22]

I write this thread based on personal experienced which I witnessed and Know most of the people that are still calling Bitcoin as a scammers game to trick people. Mostly pastors and believers..

So what is your point? Even if this is true from your personal experience (very limited, it seems), what are you saying here?

[examplens]

I write this thread based on personal experienced which I witnessed and Know most of the people that are still calling Bitcoin as a scammers game to trick people. Mostly pastors and believers..

So what is your point? Even if this is true from your personal experience (very limited, it seems), what are you saying here?

I am also wondering, why he insists on "mostly pastors"... In the OP, users of cryptocurrency specifically state the groups "Christians and Muslims". what has something as universal as cryptocurrency got to do with any religion or nationality?
OP, I suggest you not insist on convincing people that cryptocurrencies are not a scam, it's wasting your time. even if someone accepts your explanation, it is easily possible that they will fall for some of the internet scams (based on crypto) so it all goes back to the beginning, you may still be blamed. do you know that there are people who believe that the earth is a flat plate?

[passwordnow]

I write this thread based on personal experienced which I witnessed and Know most of the people that are still calling Bitcoin as a scammers game to trick people. Mostly pastors and believers..

Maybe only in your country. But with what I know, in most countries except yours, there have been a lot of people that are starting to realize what bitcoin and cryptocurrencies are.
And if they're too active in knowing the current news and events, with Ukraine, it's being used as a donation and that can't hide the fact to them that bitcoin isn't a scam. Maybe the point is that those people that believes bitcoin is a scam and is a way to trick people, they've experienced and saw that scammers have used bitcoin.

[Crpyto hunter]

I don't really know how but I guess it all depends on what you believe  and how you understand this rear innovation called CRYPTO
 They've  been developing this entity for a long time now just to build up global trust to eradicate unimportant  questioning as well as complexity just as worse as these.There are several sites that have procured platforms for tutoring newbies in crypt with clear doubts as yours, you could do yourself some good to read more about it and understand that so many companies  have billions of shares in the trail of crypto, if this is true what makes you or anyone think bitcoin would shrink your bucks when people are putting in reasonably??! Just think about it!

[Oceat]

Well, if that's your point so be it but most of us doesn't really care since it's your opinion not ours. We believe on what we see and not on what we read just like how media do it on a special propaganda that is so biased. We have the right to seek the truth if ee want to and other people doesn't just really care about the truth.

Bitcoin/crypto is for everyone and Satoshi didn't mention any names, entity, nor religion who can use Bitcoin. Your whole point is different from the others that's why we don't care that much about it.