Bitcoin has a bad reputation (we should fix it)

[Davidvictorson]

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 bitcoin's adoption is slow rather I think that it is moving at its own pace and surmounting the hurdles on its way. These hurdles are the regulatory issues, and security concerns. At the right time we are sure to see a lot of changes once these obstacles are overcome.

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

In my estimation, creating systems to counteract the activities of bad actors in the bitcoin space is good but on the other hand it may negative affect the good guys with pure intentions. For example, the good guys may feel that their privacy and security will be compromised thereby forcing them to abandon bitcoin which in effect slows down the adoption process. Anyways, whatever is done while trying to fix "bitcoin's bad reputation" should be balanced out with preserving its core principles.

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[Iranus]

One of the major problems we are facing today with bitcoin is the process of trying convince people to buy the idea of this new technology, probably making investment. The only way it would have been possible is to implement it as course of study across all schools both the Primary, Secondary and Universities, this would allows an inbuilds mentality for the users to have separate and a clearer orientations and how bitcoin is being operated than just thinking of investment. The investments parts of have really made it's current users not to understand what is bitcoin and the purpose of the origin of bitcoin, the investments aspect keeps scaring people away due to the high level of volatility.

Yes, bitcoin education for everyone is the most effective solution to this problem. But the only person who can put bitcoin in education is the government, but the government is the most anti-bitcoin. So it is very difficult to implement this plan.

To me, there is nothing wrong with people recommending bitcoin as an investment, but the barrier that keeps people from wanting to learn about bitcoin is the government and no other reason. As long as the government accepts and informs everyone to use it, all problems will be solved. Governments are key because they control the world.

[ilovealtcoins]

I think education is the best way to change people's opinions about Bitcoin and blockchain technology. With education, people can learn about the technology, its use cases and the potential benefits it can bring. You can start by creating a website or blog that explains the basics of Bitcoin and blockchain technology and how it can be used in a positive way. You can also create informational videos, tutotrials and other materials that will help people understand the technology better.

Nowadays, you can find websites, videos, and blogs about bitcoin a lot, it is not a new and effective solution. I agree that education is the only way to help people understand bitcoin, but for education to be effective, it needs to be included in educational programs in schools. It's the best way to help people get educated about bitcoin.

[Haunebu]

We shouldn't go out of our way to change perception of BTC frankly speaking op. Many people will always hate on BTC and other cryptocurrencies since they aren't smart enough to understand the advantages related to them.

However, as time passes, more and more people are beginning to realise how revolutionary BTC truly is due to various reasons and shift from haters to supporters just like that.

BTC's reputation is a mixed bag which will always stay that way op.

[wxa7115]

We shouldn't go out of our way to change perception of BTC frankly speaking op. Many people will always hate on BTC and other cryptocurrencies since they aren't smart enough to understand the advantages related to them.

However, as time passes, more and more people are beginning to realise how revolutionary BTC truly is due to various reasons and shift from haters to supporters just like that.

BTC's reputation is a mixed bag which will always stay that way op.

I do not see why we should go out of our way to change the image some people may have about bitcoin, when I first heard about bitcoin there were a lot of negative things which were said about it, but instead of simply believing them I took my time to find out what was bitcoin and many years later I am still around.

So those which have even the most minimal interest about bitcoin will learn more about it on their own and will decide if they want to adopt it or not, and the best part is that all of this will happen without our input, making this organic growth slower but way more difficult to be manipulated by the governments.

[Bobrox]

Many people not understood yet about advantage from Bitcoin and reason why still not legal as global payment currencies transaction, another side as competitor war how to make Bitcoin drop and get bad reputation until face difficult get legal as payment currencies. Using Bitcoin for transaction give transparent detail from receiving and sending around to all wallet, most likely with Bitcoin can send around the world with lower fees and faster without few minutes. Impossible thing with fiat has process faster for sending exactly need many progress when huge amount transaction difference with Bitcoin give us choose with faster sending or receiving transaction.

[Weawant]

Hello everyone!
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?

The issue with Bitcoin is that it's been associated with altcoins and they're the ones scamming yet Bitcoin is getting the bad reputation. All the failed altcoins that crashed due to greed are affecting the general market.

It'll be very hard to distinguish Bitcoin from others as people will always call them cryptocurency when referring to the market. We have to do our best in letting whoever we see making this false accusations about Bitcoin to understand the truth.

Every currency can be misused and right now the advantages of Bitcoin is been misused by mostly the scammers and that's the reason behind the bad reputation. We have to always let critic understand what Bitcoin really is all about whenever we encounter them.

[MainIbem]

One of the major problems we are facing today with bitcoin is the process of trying convince people to buy the idea of this new technology, probably making investment. The only way it would have been possible is to implement it as course of study across all schools both the Primary, Secondary and Universities, this would allows an inbuilds mentality for the users to have separate and a clearer orientations and how bitcoin is being operated than just thinking of investment. The investments parts of have really made it's current users not to understand what is bitcoin and the purpose of the origin of bitcoin, the investments aspect keeps scaring people away due to the high level of volatility.

Yes, bitcoin education for everyone is the most effective solution to this problem. But the only person who can put bitcoin in education is the government, but the government is the most anti-bitcoin. So it is very difficult to implement this plan.

To me, there is nothing wrong with people recommending bitcoin as an investment, but the barrier that keeps people from wanting to learn about bitcoin is the government and no other reason. As long as the government accepts and informs everyone to use it, all problems will be solved. Governments are key because they control the world.

Absolutely, not even only the government but the risk aspect (volatility) levels would kept giving them the impression of not totally go into bitcoin. Yes it's true that government is the anti-bitcoin but doesn't yet still stops the operation of bitcoin instead it keeps spreading wider and stronger. Individuals may decide to take up these responsibility by practically teaching people about bitcoin to enhance their basic understanding towards bitcoin not necessarily the investment aspect of it.

[Jody.Drummer]

For now, I think that the condition of bitcoin can still be said to be fast, regardless of anything now, actually it's getting better year after year. As for the issue of reputation from Bitcoin, I think this is back from the point of view of course because indeed we also cannot force everyone's perspective to make bitcoin good because what is forced like that of course will not go well.
On the other hand, when classifying bad people, for example regarding bitcoin, it is also difficult because even we cannot even identify criminals in bitcoin.
Even if it can be identified then how to isolate them is also not easy because of course they are not that stupid either.

[Stella Mese]

there are indeed many people who think badly of bitcoin, and the funny thing is that those who think badly of bitcoin are people who have never invested in bitcoin and don't know about bitcoin.

but if people who know about bitcoin mostly think bitcoin is a rare valuable asset. and potentially good for the future.

I think in this case there is no need to convince people to accept bitcoin and like bitcoin.
because I think later on people who don't like BTC will realize that they see people who invest in BTC being successful. surely he will find out and learn about btc.

[Alisha-k]

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?

people would always have their opinion about things, it's up to them and that should have nothing on us.
Everyone should stand on what the believe.
Fiat is also use for money laundering, gambling and even used by criminals the more but that hasn't stopped anyone from using it.

[Bazzu]

many people don't like btc and of course they also have reasons such as people who invest in btc many suffer big losses, so that finally btc's reputation in some circles of society is bad.

and in my opinion, so that btc has a good reputation, of course it must be supported by the government, including the government must create schools that teach about btc, or in every school there MUST be subjects about bitcoin and blockchain.

[initim]

I want to believe that this is an assumption. All tho I under what you are saying. Over time Bitcon has gained acceptance and little popularity even with some countries not accepting the reality, like I have previously said in the forum, Bitcon is the future. with the slow acceptance of this reality, the race will be won in the long run.
I will say to fix the acceptance not reputation, I will say Bitcoin needs more awareness even in the remote area and gradually Biton will gain popularity. Change is very difficult and not easy for us human beings but change is inevitable,
Nevertheless.  the impact of this coin on the economy of a county is very important too.

[Ayers]

Our world is called a society, and as a society, there will be many different types of people. We cannot expect everyone to use and accept bitcoin as we do. Even the internet today really brings undeniable benefits, and it is as necessary as water in our lives, but there is still a part of the elderly who do not like the internet because they think it destroys their children. Bitcoin too, it's good, but it's not perfect so I don't see a problem that only some people hate it.
Don't care too much about what other people think of it, if you find it beneficial for you, enjoy and use it your way.

[ZAINmalik75]

In my mind thing is not bad his use will be good or bad, everything has good and bad side just like dollar is not a bad thing but it's bad use for drugs or money laundering is bad. Same things is with Bitcoin, Bitcoin is itself not a bad things his use may be good or bad, like mentioned that it's use in darkweb for bad activity but at the same time it's has a lot good usecase like through Bitcoin we send and receive million of dollar within seconds it's safe our time while it's also provide freedom from banking system and also provide transparency in different feild, also removed inflation too by using Bitcoin

[Helena Yu]

and in my opinion, so that btc has a good reputation, of course it must be supported by the government, including the government must create schools that teach about btc, or in every school there MUST be subjects about bitcoin and blockchain.

If the government supporting BTC and they're create a school to teach about BTC, I'm sure Bitcoin is already accepted as a legal tender and the government is really controlling BTC. This make Bitcoin lose it's decentralization, you have no privacy, and you need to follow all their rules. You're can only take advantage over the profit, all the thing is same like banks where they're control and monitor your wealth.

[Twentyonepaylots]

Hello everyone!
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?

The issue with Bitcoin is that it's been associated with altcoins and they're the ones scamming yet Bitcoin is getting the bad reputation. All the failed altcoins that crashed due to greed are affecting the general market.

It'll be very hard to distinguish Bitcoin from others as people will always call them cryptocurency when referring to the market. We have to do our best in letting whoever we see making this false accusations about Bitcoin to understand the truth.

Every currency can be misused and right now the advantages of Bitcoin is been misused by mostly the scammers and that's the reason behind the bad reputation. We have to always let critic understand what Bitcoin really is all about whenever we encounter them.

Agreed since I have heard other peoples opinion and it all involves that they think it is just an investment scam. But, if you ask them, it is not the bitcoin really is the reason why they see it that way. Most are really the altcoins that dump really so hard that they know someone who lost their investment because of this. This is kind of hard to clean the image of bitcoin as an independent coin since it would always be associated with altcoins that has poor performance in the market.

We shouldn't go out of our way to change perception of BTC frankly speaking op. Many people will always hate on BTC and other cryptocurrencies since they aren't smart enough to understand the advantages related to them.

However, as time passes, more and more people are beginning to realise how revolutionary BTC truly is due to various reasons and shift from haters to supporters just like that.

BTC's reputation is a mixed bag which will always stay that way op.

The thing that we can do is to continue share the good words about bitcoin specifically so that a lot would really see the potential of it independent with other altcoins. I agree that it is still a challenge and that education with these new innovations would make it be acceptable by more people in the future.

[Fivestar4everMVP]

I do not consider the mentions issues as a bad reputation on bitcoin, there is absolutely no system out there without flaws or cons, nothing made by man is completely perfect, so when I first discovered bitcoin and dived into, I never expected it to be a perfect system of digital decentralized money.

On the issue of criminals getting away with their criminal activities through bitcoin, crimes have been and thrived before bitcoin came into existence, why is now that people consider bitcoin to be a getaway means for criminals?

In my opinion, I don't think it makes sense to try to convince anybody to love or invest in bitcoin, bitcoin has achieved alot in just few years, so for me, I say that bitcoin will do well with or without anyone, or some group of persons.

[rodskee]

If given a chance why not? we all wanted people around us even those far from us to invest and trust bitcoin but how can we achieve that if they are closing their eyes and mind about the reality?
even some of us or many that starts having that doubt in the past in which i must admit to be one before, but eventually as there are some things that opened my eyes?
let time have this for them mate, I believe that it wont take long anyway.

I think education is the best way to change people's opinions about Bitcoin and blockchain technology. With education, people can learn about the technology, its use cases and the potential benefits it can bring. You can start by creating a website or blog that explains the basics of Bitcoin and blockchain technology and how it can be used in a positive way. You can also create informational videos, tutotrials and other materials that will help people understand the technology better.

and that's it, having education such schools and university opening for crypto connected thing? then that would be the faster result .

[Oasisman]

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?

Well, all of these was done up until now using the fiat currency. If Bubble, ponzi scheme and whatever they call Bitcoin is, it should've probably burst in a couple of years before it's official release, but obviously not the case for Bitcoin who has been in existence since 2009 and still continuously rising in terms of adoption, usage, and value.
These people are just being ironic, they shouldn't use fiat money as well, cause some of these fiat money came from criminal activities (mostly from corrupt politicians and money launderers), some came from taxes from casinos and other gambling firms.
So, I don't think convincing them is necessary, let them realize what Bitcoin is about to become in the next coming years. And as far as criminalities are concerned, we can't really do much about it, because criminal activities do exist in everywhere and anyhow.