Bitcoin has a bad reputation (we should fix it)

[Asuspawer09]

For sure there are a lot of people that have a bad perception of Bitcoin mostly because it is involved in a lot of different activities including illegal ones. I mean that's totally normal if you don't know a thing and you heard nad things about it your going to have a bad perception about it and probably think that Bitcoin is illegal or something like that.

I think the best thing to do is just to promote Bitcoin, the more we promote Bitcoin the more people will get interested in it and will probably learn and understand it. If they understand Bitcoin and know what it is they will know that it is not what they think it is, theres no need to convince them.

[1715363075]

1715363075

[1715363075]

1715363075

[LittleBitFunny]

Hello everyone!
I've been thinking a lot about Bitcoin adoption lately and I think that adoption is still pretty slow partly because of the Bitcoin reputation. Despite it being a progressive technology of the future, a lot of people still think that it's a joke.

I don't think it's slow, adoption also takes a long time so I don't know where you're getting this. Regarding the reputation, can you list at least some reasons as to why do you think that it's the reason that the adoption is slow. Give us an example like an article about people that think that bitcoin is a joke. You need to cover your bases my guy because you're spouting nonsense right now.

Years ago, this was probably true, many people considered bitcoin a good joke, just like the tulip craze that will one day disappear. But so far, things have been entirely different, people have taken bitcoin seriously, and I don't see any delay in accepting bitcoin. We can't ask the whole world to accept it at once, that's impossible. Bitcoin is a decentralized currency, it is normal that some governments will more or less dislike it. For me, what's happening with bitcoin is pretty fast, not slow at all, with new technology and a lack of support from many governments, such development is excellent.

[MIner1448]

Indeed, education is an important tool to change people's minds about Bitcoin and blockchain. The more people learn about technology and its potential benefits, the more they can appreciate its contribution to the world of finance and economics. However, besides education, there are other ways to change people's minds.
You can also promote the use of Bitcoin and other cryptocurrencies in legal areas such as tourism, retail, and micropayments. The more people start using Bitcoin and learn about its real benefits, the more they can understand that Bitcoin is not only for gambling or criminal activities, but also for use in the real world.

[hd49728]

Indeed, education is an important tool to change people's minds about Bitcoin and blockchain. The more people learn about technology and its potential benefits, the more they can appreciate its contribution to the world of finance and economics. However, besides education, there are other ways to change people's minds.

People have different taste for benefit and risk. You can not have anything with benefit only and without risk. Bitcoin brings you potential benefit that is true but it contains risk too.

You can convince people who are more keen on benefit with Bitcoin and consider risk is small or not important. Nevertheless there are other people who consider risk is more important than benefit and they will ignore Bitcoin, choose other alternatives which they believe are safer than Bitcoin. They can be wrong with their assessment of Bitcoin and other alternatives but you can not change them.

[Synchronice]

Hello everyone!
I've been thinking a lot about Bitcoin adoption lately and I think that adoption is still pretty slow partly because of the Bitcoin reputation. Despite it being a progressive technology of the future, a lot of people still think that it's a joke.

So there is different opinion among people about Bitcoin. Some people consider Bitcoin as "criminal money" because it's often used on the dark web and helps criminals to get away with selling drugs and stuff.
There are also people who think that Bitcoin is a bubble that will explode and lose its value, so they don't trust it. It's probably because these people don't know how Bitcoin and blockchain work.
And there is a third group of people who think that Bitcoin is used just for gambling so they don't want to buy it.

I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

Bitcoin has a bad reputation because the governments tell people that it's bad and used in illegal activities. The problem is that average person is Dumb and the aim of every election campaign is to focus on these dumb people and tell them what they want to hear and at the same time ensure them that this or that is good or bad for them. They do these because it's the quantity of votes that decides the fate of results.

So, we know that bitcoin is good and the governments know it too but problem for them is that they don't have power and influence over Bitcoin, they can't control it, they can't do whatever they want with this currency, that's why they are giving bad reputation to bitcoin.

But, at the same time, what they say is right. You can see a lot of examples when bitcoin is used for illegal things but so is USD. Money is money, everything has price, some people pay for good things, some people pay for bad things, bitcoin is not the root of evil there. By the way, here again, they keep your attention on the fact that bitcoin is used for illegal things while they completely ignore that USD is used for illegal things and banks have constantly done illegal transactions on purpose and tons of money has been laundered via them.

Well, I can show anyone that I can buy PC/Laptop on NewEgg by paying with Bitcoin. I can buy KFC chicken with bitcoins, I can buy gifts for someone with bitcoins and make them happy. I try to show them by doing so that it's not an enemy currency.

[MoonOfLife]

Do you have any evidence that bitcoin adoption is slow, or is that just your opinion? How long did it take you to accept it, and do you want people to accept it immediately? What I'm seeing is bitcoin being accepted too fast compared to other assets. A new asset class, opposed by the government but still strong enough to survive and thrive, it was a huge success for bitcoin.

[CarnagexD]

I think it would be good if we can convince these people that they are wrong.

I think the goal should be to inform about the facts regarding bitcoin instead of convincing them to invest in it. When you inform someone about bitcoin, you are providing them with information and knowledge about what it is, how it works, and its potential benefits and risks. The goal is to provide them with accurate and unbiased information so that they can make an informed decision about whether or not to use or invest in bitcoin. On the other hand, convincing them is like persuading them right away to buy or invest in bitcoin. They may think that it is part of a scam especially if they are already so closeminded about it. Since it is always challenging to convince someone to invest in bitcoin if they hold a negative view of it or believe that it's a joke, it's important to start by addressing their concerns and misconceptions about bitcoin.

It'll be best to inform people first and let them decide for themselves whether they want to use or invest in bitcoin based on the information you provide. We may not ultimately remove the bad reputation of bitcoin but atleast we are able to inform more people about its facts. It will be their lost if they don't listen.

[LogitechMouse]

Hello everyone!
I've been thinking a lot about Bitcoin adoption lately and I think that adoption is still pretty slow partly because of the Bitcoin reputation. Despite it being a progressive technology of the future, a lot of people still think that it's a joke.

So there is different opinion among people about Bitcoin. Some people consider Bitcoin as "criminal money" because it's often used on the dark web and helps criminals to get away with selling drugs and stuff.
There are also people who think that Bitcoin is a bubble that will explode and lose its value, so they don't trust it. It's probably because these people don't know how Bitcoin and blockchain work.
And there is a third group of people who think that Bitcoin is used just for gambling so they don't want to buy it.

I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

We all have this feeling that "Bitcoin's adoption is really slow", but when they're ask for any proofs that the process really is slow, they can't give anything.
As for adoption, do you think that it will take only 13 years for Bitcoin to be fully used by people around the world? It will took a longer amount of time before many people will be using it. Also take note that not all of the people have gadgets that can access Bitcoin.

Bitcoin being used for criminal activities. Fiat currency is being used for criminal activities as well so what's the difference?
Bitcoin as a bubble. They think that way because of how volatile Bitcoin is, and I think there's no way for these people to change their minds unless they will get used to it.
Bitcoin being used for gambling purposes. I guess it's a good thing since it just shows that many people are using Bitcoin.

Convincing people that they're wrong. I don't know if it's only me, but I don't really like convincing people when it comes to Bitcoin especially if they aren't interested in learning it. Yes we can educate those who are interested, but those who are interested doesn't look Bitcoin that way IMO. I'm pretty sure that they will learn what really Bitcoin is. Create a system for criminals? It's just a waste of time. Just let them use Bitcoin for their criminal activities because after all, fiat currency has been used for that purpose as well, and yet, no one is stopping them from using it.

[Grim_Fandango]

I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?

I don't think we should even try to do that as it is usually waste of time. People have their preconmceived ideas about Bitcoin and amount of persuasion will change them. Instead, it is the best to let people come to that by themselves gradually, as Bitcoin is slowly getting into mainstream.

Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

Problem is that you would screw us the regular people if you implement some system that makes it harder for criminals to use Bitcoin.

[crwth]

I have talked with a lot of people who are not so much into anything technological and non-tech savvy people and what I can gain from them is this.

"It's not tangible"

I think as humans, they want something real and really be held using arms or something. They want to really have that tangibility that some assets have and I think that's where it's hard to grasp for other people. Some people know that it's the people who are evil and not the technology itself so I think it's not the reputation per se.

[Fundamentals Of]

A system is actually already in place. There are now updated crypto regulations. There is already KYC/AML required by governments. But may I remind you that this is not Bitcoin's task. Bitcoin is invented as a decentralized currency, and it is truly successful being what it is. Bitcoin isn't concerned about enforcing the law or even making sure it isn't used by criminals. The problem is that it seems when criminals or some lawless elements use Bitcoin in their transactions, some are very quick to generalize Bitcoin as a criminal money.

[Flexystar]

No, we do not do anything about it. We just keep it as it is and see how Government changes its infrastructure for Bitcoin adoption. In time, they will have to change it because Bitcoin is unstoppable. The more banks fail, the more criminal activities rise, they will have to go through it systematically and see what can be done.

I might sound a little off the track here however, a system can only be set by Government in the current scenario. The negative image is all because of a few criminals around the world. If we start doing something for Bitcoin, then it should be buying more holding more, and having our own keys in our possession. That is all for its survival and long-term future.

[pixie85]

I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

Time is great at convincing. The longer bitcoin exists the more people will change their minds.

You need decades to change people's way of thinking. Sometimes you need a whole new generation to grow knowing about bitcoin. You can't make 70 year old people who grew up using fiat to understand that fiat is the real joke, not bitcoin.

The easiest way to make it harder for criminals is to stop believing them and falling for their traps. They are stealing from people because people think they can get something for nothing.

[Outhue]

There is no need for that, Bitcoin has withstood so many trials in the past that's why the number of people who believe in Bitcoin is increasing to date, you might not see it but believe me it's happening.

I can use my country as an example, in 2017 very limited people know what Bitcoin is all about, and a couple of friends that I told about Bitcoin do not believe me, only my biological father trusted me and encouraged me.

Today, things have changed, many people now know and understand what Bitcoin is, and even those that failed to believe in me when I told them about Bitcoin are now strong believers.

Leave the fixing side of things, Bitcoin is already doing that.

[ektotanes]

I don't think we should persuade people to buy bitcoin or try to make them understand bitcoin. If they do not want it, we will not achieve a positive result.

People need more time and more useful resources where they could learn about bitcoin.

[goldkingcoiner]

Hello everyone!
I've been thinking a lot about Bitcoin adoption lately and I think that adoption is still pretty slow partly because of the Bitcoin reputation. Despite it being a progressive technology of the future, a lot of people still think that it's a joke.

So there is different opinion among people about Bitcoin. Some people consider Bitcoin as "criminal money" because it's often used on the dark web and helps criminals to get away with selling drugs and stuff.
There are also people who think that Bitcoin is a bubble that will explode and lose its value, so they don't trust it. It's probably because these people don't know how Bitcoin and blockchain work.
And there is a third group of people who think that Bitcoin is used just for gambling so they don't want to buy it.

I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

Bitcoin only has a bad reputation because of how famous and widely adopted it is. You will always see this either with famous people or famous things, the more popular they, the more hate they get from trolls. There is no way to stop them from slinging dirt on Bitcoin but the dirt will never stick. Anyone with half a brain understands that using fiat is way more anonymous than using Bitcoin, but nobody is talking about fiat being bad because of all the paper money drug trades...

Let them talk about Bitcoiner as they wish. It will only make Bitcoin more popular. There is absolutely no reason to "do something against it". People will find out for themselves what Bitcoin really is.

[naira]

I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

Decentralization cannot be stopped and people are free to do whatever they want with Bitcoin. We do need to provide education but that is only limited to education and nothing more. Because everyone has different goals based on the use of Bitcoin. Even now the government has issued threat after threat for those who carry out illegal activities. Not that the government can stop the movement behind the scenes.

[yhiaali3]

Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

I don't know if a system like this can be created, but for my part, I think that the solution to clean up Bitcoin's reputation is to disengage from centralized exchanges, because most of the bad reputation comes through centralized exchanges.

After the FTX incident, one of the Muslim clerics issued a fatwa prohibiting dealing in Bitcoin because it causes loss and he mentioned as an example that people lost millions in FTX exchange, this clearly indicates that there are many who do not know much about Bitcoin and think that these losses or collapses that occurred because of Bitcoin.

We need to correct these misconceptions by making people understand that there is no connection between Bitcoin and centralized exchanges.

[Captain Corporate]

Time and time again we have seen this type of discussions and its just passing away, we do not need to really do anything. I get that people really want to see this pass and want to live in a more bitcoin covered world but that doesn't mean that it will happen tomorrow. It has been over a decade since bitcoin was created and we have already come so far, and if you wait another decade you will see it in a lot more places and in another decade even more. As long as that linear line is there then we do not really need to do anything about it. Just keep pushing and put more and more bitcoin into your life and that would be enough for you, let the rest take its time in history.

[deathcode]

Hello everyone!
I've been thinking a lot about Bitcoin adoption lately and I think that adoption is still pretty slow partly because of the Bitcoin reputation. Despite it being a progressive technology of the future, a lot of people still think that it's a joke.

So there is different opinion among people about Bitcoin. Some people consider Bitcoin as "criminal money" because it's often used on the dark web and helps criminals to get away with selling drugs and stuff.
There are also people who think that Bitcoin is a bubble that will explode and lose its value, so they don't trust it. It's probably because these people don't know how Bitcoin and blockchain work.
And there is a third group of people who think that Bitcoin is used just for gambling so they don't want to buy it.

I think it would be good if we can convince these people that they are wrong. I know that an obvious way to do it would be an education, which will help A LOT. But as for now, do you think there are other ways to change these people's opinions?
Like would it be good if we could create a system that somehow will make the life of criminals who use Bitcoin harder?

I've often come across topics like this in this forum. On the question of how to convince the wider public to fully trust and not misunderstand about Bitcoin.
Everyone is free of their thoughts on Bitcoin. Because each individual has their own thoughts and maybe their bad experience about Bitcoin. We shouldn't seem to blame them for their lack of knowledge or force them to believe in Bitcoin like we do.
In fact, today's public interest and adoption has increased towards Bitcoin from previous years, you can check it on Google, there are many articles and surveys about it.
All we have to do to support Bitcoin is spread news Bitcoin as it is, not exaggerate and not reduce or cover up the risks involved when investing or trading with Bitcoin or any other cryptocurrency.
Everyone has a different acceptance of technological developments such as Bitcoin, so let the people themselves who have the awareness to know Bitcoin without coercion or on their own awareness, that's a more comfortable way for all of us.