Does the world still see Bitcoin as a scam, or is it just a lack of interest?

[Captain Corporate]

As we all know even the richest person in the world got into crypto, which proves the point that it is not considered a scam, not anymore at least. Sure there are some people in the world who still consider it a scam, and sure there was a time when majority thought it was a scam. However, in this day and age, majority of the people who know what a bitcoin is, do not think that it is a scam, they mostly think that it is just another asset. Doesn't mean they would have to buy, do you know how many people never owned a single stock, billions every year just spend their entire year without buy a single stock at all. So that means we will grow, but we don't have to grow to everyone, we just need to grow into every person who likes to buy an asset, we can ignore the rest.

[landheer]

I think the number of people interested in investing in BTC is growing, and I think people are now starting to know what bitcoin is and a lot of people are learning about bitcoin and crypto.

so i think the future of bitcoin is getting brighter and the world is slowly accepting btc.
so i think bitcoin is getting more and more successful.
but keep in mind the pros and cons will always be there every time.
and the btc price fluctuates so i think btc is progressing.

[Supreemo]

if i base it in my own country i could probably say that it is both.

1. there were several times when my own fellow countrymen were scammed through crypto (though mostly it was their own fault for not prioritizing their safety over profit) it was still safe to say that their perception towards crypto and bitcoin in general is negative.

2. based on my countries recent happenings, you need to at least have to meet the requirements before you can buy bitcoin, and one thing they hate is that you at least have a decent amount of money before doing so since getting your papers processed asks for money before you can create and verify your custodial wallet which is also a must specially in our country, and most people find it hassle.

i am not particularly sure about your country but here in mine, that is mostly the case and almost every Filipino here would probably agree and they could even add to the list what's the current issues we are facing in terms of bitcoin which is closely related to our economy and authority.

[Sexylizzy2813]

I would say it's regarded in both ways as stated by you, OP. While there are people who have heard of it but are sceptical about involving themselves, there are still those who have heard of it and still prefer to operate the traditional way.
For instance, Charlie Munger believes it's a scam project, an investment in nothing. Will we say he's not aware of the good Bitcoin is doing, especially now that traditional banks are failing?
It's just that everyone has a choice and is entitled to his or her opinion. So for me, I don't think that changes anything.

[QueenVera]

This question has been raised several times, and I have noticed that some people conclude that the lack of adoption is due to people not understanding Bitcoin or seeing it as a scam.
But I don't think the world still views Bitcoin as a bad thing today, though I know a lot of you thought that, but it is not the case.

I feel the reason for the low rate of adoption is just because people think it's not for them. Bitcoin has been around for over a decade, and any thought that most people would have had about it being a scam must have faded by now.

There are so many factors contributing to the low rate of Bitcoin adoption, one of the factors are the low speed of confirmation by the miners, yesterday Bitcoin blockchain was congested and my transaction took longer than usual to comfirm and the fees was too expensive as well.
Bitcoin is also still been viewed as a scam by so many people and the stories of hacking of exchanges and wallets is making people believe that Bitcoin is just a scam coins. The price dropping is also making people scared as they think they'll lose their money if they invest into Bitcoin.
This reasons and some other reason is why many people still think that Bitcoin investment isn't for them, they haven't seen any reason to make use of the coin and people are still comfortable with the banks no matter what's happening to them, people's still trust banks and the government.

[gabbie2010]

This question has been raised several times, and I have noticed that some people conclude that the lack of adoption is due to people not understanding Bitcoin or seeing it as a scam.
But I don't think the world still views Bitcoin as a bad thing today, though I know a lot of you thought that, but it is not the case.

In my country during the reign of the popular moribund Ponzi scheme MMM the scheme initially adopted Bitcoin as a means of payment, however when they scheme went bankrupt some people then became skeptical about authenticity and credibility of Bitcoin with a perfection of being a scam it's takes a lot of orientation and enlightenment to those people so as to disassociate Bitcoin from the fraudulent scheme, however with time a lot of people began to adopt Bitcoin by investing, trading and staking as well as utilizing all sorts of opportunities associated with Bitcoin like P2P merchanting with Binance etc, while some set of freelancers in my country also adopted Bitcoin as their payment gateway.

[GeorgeJohn]

Far back 2010 and 2014 it's when the global doesn't not really understand exactly the significant of bitcoin, and during that period bitcoin has not been known as its today, because I understand that bitcoin many people who was informed of bitcoin has a negative mindset that bitcoin is meant for money laundering and scam, but they never knew that bitcoin will be of good potential as it's now. So currently it's hard you see a reasonable adult condemn the functions and usage of bitcoin, bitcoin advertisement has make it to be firm and popular, so it's few categories of people who are still seeing bitcoin as a scam due to the status of their ignorant, government were the one who started the condemnation of bitcoin because they distrust bitcoin technology, so the world is you and I, what way you seems bitcoin is your personal understanding of bitcoin.

[BitcoinPanther]

This question has been raised several times, and I have noticed that some people conclude that the lack of adoption is due to people not understanding Bitcoin or seeing it as a scam.
But I don't think the world still views Bitcoin as a bad thing today, though I know a lot of you thought that, but it is not the case.

In my country during the reign of the popular moribund Ponzi scheme MMM the scheme initially adopted Bitcoin as a means of payment, however when they scheme went bankrupt some people then became skeptical about authenticity and credibility of Bitcoin with a perfection of being a scam it's takes a lot of orientation and enlightenment to those people so as to disassociate Bitcoin from the fraudulent scheme,

The confusion is caused by the representative and members that present the marketing plan of MMM.  Obviously, Bitcoin has nothing to do with the company, Bitcoin just like fiat currency is just a tool or currency to pay for the membership.  But most of the representative explains that the possible profit generated from their subscription or membership comes from Bitcoin trading.  That is where the confusion started and many MMM member thinks that the company MMM and Bitcoin is in cahoots with each other.

however with time a lot of people began to adopt Bitcoin by investing, trading and staking as well as utilizing all sorts of opportunities associated with Bitcoin like P2P merchanting with Binance etc, while some set of freelancers in my country also adopted Bitcoin as their payment gateway.

In case of confusion, time is really needed to fix the misunderstanding.  Little by little as people are getting enlightened that Bitcoin is not a company and does not have central authority, the  accusation that Bitcoin is a scam fades each day.

[posi]

This question has been raised several times, and I have noticed that some people conclude that the lack of adoption is due to people not understanding Bitcoin or seeing it as a scam.
But I don't think the world still views Bitcoin as a bad thing today, though I know a lot of you thought that, but it is not the case.

I feel the reason for the low rate of adoption is just because people think it's not for them. Bitcoin has been around for over a decade, and any thought that most people would have had about it being a scam must have faded by now.

There are so many factors contributing to the low rate of Bitcoin adoption, one of the factors are the low speed of confirmation by the miners, yesterday Bitcoin blockchain was congested and my transaction took longer than usual to comfirm and the fees was too expensive as well.
Bitcoin is also still been viewed as a scam by so many people and the stories of hacking of exchanges and wallets is making people believe that Bitcoin is just a scam coins. The price dropping is also making people scared as they think they'll lose their money if they invest into Bitcoin.
This reasons and some other reason is why many people still think that Bitcoin investment isn't for them, they haven't seen any reason to make use of the coin and people are still comfortable with the banks no matter what's happening to them, people's still trust banks and the government.

Whatever the reason, I just want to say that bitcoin can't please everyone, our world is colorful and I haven't seen anything that makes the whole world happy. So there is no need to worry as many people still hate bitcoin.

For me, bitcoin has been doing very well, its development is not slow as many people say. 14 years is a long time for a human lifespan, but when compared to other assets like gold and stocks, bitcoin is like a crawling baby. So we do not need to rush and be disappointed when bitoin is not yet widespread.

[Mpamaegbu]

Even a decade from now when Bitcoin will have gained more traction and visibility there are people who will still feel it's a scam. There hasn't been a time the entire world agreed on a particular thing; doing that will of course be boring. Difference in opinion helps raise questions and critical awareness on subject matter. So, I don't think there will ever be a time everyone will look at Bitcoin from the same lens and pass a verdict that it isn't a scam. Basically, I think ignorance of what Bitcoin is and can do is its biggest bane. Though I must add that the scam tag has drastically reduced now than it was pre-2017.

Those who still feel dissatisfaction against Bitcoin for their allegation that it enables scam or in itself is a scam should remember that there was scam centuries before Bitcoin was created and even if Bitcoin should go extinct now, scam will still be there.

[DefiPoolShare]

The perception of Bitcoin varies among individuals and groups, and it's not accurate to say that the entire world sees it as a scam. However, there are still some people who view it with suspicion due to its association with illicit activities and its decentralized nature, which makes it harder to regulate and control.

That said, there has been a significant shift in the perception of Bitcoin in recent years, with more and more people recognizing its potential as a legitimate asset class and store of value. Large financial institutions and corporations have invested in Bitcoin, and it has gained widespread acceptance as a means of payment in certain industries and regions.

Overall, it's fair to say that the perception of Bitcoin is evolving, and while there may still be some skepticism and lack of interest among some segments of the population, it's increasingly being seen as a legitimate and valuable asset by a growing number of individuals and organizations.

[Lorence.xD]

Even a decade from now when Bitcoin will have gained more traction and visibility there are people who will still feel it's a scam. There hasn't been a time the entire world agreed on a particular thing; doing that will of course be boring.

It's because the complicated system of the Bitcoin which could result to profit or loss. It's risky since it's volatile so if you hear people could get rich in crypto but they've also heard that some people also loss a lot. From that you would also double think that crypto is a scam where people who get rich are paid. But it's not like that, I've agreed that it's a human nature to disagree in a particular thing which would result to different outcomes to their choices. I acknowledged crypto as I heard how I could earn from this digital currency, they guaranteed that I couldn't always profit in this industry.

So I took the risk and studied it for years before engaging with my funds. What I'm trying to say is that people's influence might be the common thing to follow in this world, but if you once tried exploring things by yourself then you might change your life.

[Mpamaegbu]

~snipped~

It's because the complicated system of the Bitcoin which could result to profit or loss.

Metaphysics is also complicated but that hasn't stopped anyone from delving into it. Bitcoin isn't the only complicated system but the misconception people have about it is that it's a shortcut to riches. That's not true. These ones want to rush in and out and then announce their new status as nouveau richés.

So I took the risk and studied it for years before engaging with my funds.

So, why aren't others who think it's a complicated system not taking their time to study it like you did before plunging into it then? The simple reason is because they think it's a shortcut to riches.

[S A KHAIR]

I think it is due to a lack of knowledge, bitcoin is not recognized in many countries, there is no education about bitcoin, and too many scammers take advantage of bitcoin's reputation to do bad things. So it's no surprise that many people consider bitcoin a scam. Bitcoin will always be considered a scam until the government accepts it.

[Etranger]

I think it is due to a lack of knowledge, bitcoin is not recognized in many countries, there is no education about bitcoin, and too many scammers take advantage of bitcoin's reputation to do bad things. So it's no surprise that many people consider bitcoin a scam. Bitcoin will always be considered a scam until the government accepts it.

And what kind of education should be about bitcoin? The study of cryptocurrencies is entirely the initiative of an individual, we are not talking about some kind of national training program here. Most governments are either not interested in mass distribution of bitcoin, or do not know how to interact with it. But this is not a reason for individuals not to engage in self-education, especially since in many countries it is bitcoin that becomes the way out for people whose living conditions leave much to be desired. That is, it is in their interests. Then why sit and wait for the government to accept bitcoin, thinking it's a scam?

[xSkylarx]

I think it is due to a lack of knowledge, bitcoin is not recognized in many countries, there is no education about bitcoin, and too many scammers take advantage of bitcoin's reputation to do bad things. So it's no surprise that many people consider bitcoin a scam. Bitcoin will always be considered a scam until the government accepts it.

But it is still not the same before that majority of the people who heard bitcoin will think that it is scam, right now only few of them as other somewhat already have little knowledge on bitcoin and not treating it as a scam, most of the reason why others are not jumping to bitcoin is because of the volatility and the risk that it gives to the people and added to that the inflation which most people don't have extras for investment. But  no matter whats the reason is as the time or years goes by adoptions will increase overtime and no one cant stop it.

[BVeyron]

This question has been raised several times, and I have noticed that some people conclude that the lack of adoption is due to people not understanding Bitcoin or seeing it as a scam.
But I don't think the world still views Bitcoin as a bad thing today, though I know a lot of you thought that, but it is not the case.

I feel the reason for the low rate of adoption is just because people think it's not for them. Bitcoin has been around for over a decade, and any thought that most people would have had about it being a scam must have faded by now.

But at the same time, if you look at it, Bitcoin is a risky business; if you invest money, there are two possibilities: it will either yield profits or losses. Many people today are not fans of investment, not to mention buying assets that heavily fluctuate in price. They would choose to save money earned from hard work, and a few might invest in low-risk markets, even though inflation is still eating them up.

So it would be hard for them to consider holding Bitcoin to use it daily.
Nevertheless, the community is still growing bigger 💗, and people's interest in Bitcoin and cryptocurrency keeps growing.

Most people still see BTC as a scam for an obvious reason: they simply don't need it. Cryptocurrencies are interesting for certain groups of people, since there are no possibilities to use it as an everyday payment method, at least now. Nearly nothing can be bought nor sold via BTC without fiat transfers.

[Z-tight]

Nearly nothing can be bought nor sold via BTC without fiat transfers.

That's false, BTC is a currecy and can be used as a form of payment through merchants that accept payment in BTC, and there are so many of them. You don't need fiat transfer to send BTC from your BTC wallet to a merchant who accepts it or by scanning their QR code for payment, once sent, the merchant would release the commodity to you, just like every normal payment method.

[tiCeR]

This question has been raised several times, and I have noticed that some people conclude that the lack of adoption is due to people not understanding Bitcoin or seeing it as a scam.
But I don't think the world still views Bitcoin as a bad thing today, though I know a lot of you thought that, but it is not the case.

I feel the reason for the low rate of adoption is just because people think it's not for them. Bitcoin has been around for over a decade, and any thought that most people would have had about it being a scam must have faded by now.

But at the same time, if you look at it, Bitcoin is a risky business; if you invest money, there are two possibilities: it will either yield profits or losses. Many people today are not fans of investment, not to mention buying assets that heavily fluctuate in price. They would choose to save money earned from hard work, and a few might invest in low-risk markets, even though inflation is still eating them up.

So it would be hard for them to consider holding Bitcoin to use it daily.
Nevertheless, the community is still growing bigger 💗, and people's interest in Bitcoin and cryptocurrency keeps growing.

Most people still see BTC as a scam for an obvious reason: they simply don't need it. Cryptocurrencies are interesting for certain groups of people, since there are no possibilities to use it as an everyday payment method, at least now. Nearly nothing can be bought nor sold via BTC without fiat transfers.

You forget that it wasn't the people who needed Bitcoin the most who mostly advanced the Bitcoin ecosystem. It was very likely mostly the people who needed it the least.

The whole OP title is misleading because asking whether "the world" still sees Bitcoin as a scam implies that the world in its entirety ever saw Bitcoin as a scam. That's not true. I have never seen Bitcoin as a scam. I have seen scammers using Bitcoin, but that is quite normal. I have heard there are thieves escaping with a bike, but that doesn't make the bike a scam. I believe that most people don't care, some people think it's a scam, some people hold it, some people truly embrace it and few people advance the industry.

It significantly depends on the peoples' experience as well and what their sources of information are. If they talk to someone they know, the impression could be positive unless that someone got ripped off in an alt coin ponzi scheme and says Bitcoin is to blame, which happens quite often. Or people believe it is a scam because an exchange got hacked and that is dominating the news, claiming that Bitcoin is the problem.

Many different issues that would and could have to be discussed in detail in order to derive reasonable conclusions what "the world" right now thinks of Bitcoin. An aggregated, well analyzed broader public opinion requires a lot of work.

[Viscore]

You yourself has just stated that the reason people see bitcoin as a scam is because they don’t have knowledge about it, and that is the only answer to it. People have always seen in the past that every investment associated with the internet most especially if it promises a return it is usually a Ponzi scheme, so when bitcoin came up they all had same narrative towards it.

But as bitcoin continue to persist and proves all doubters wrong we can see that the adoption rate is fast growing. Concerning it risk, this is just a thing spread to discourage people from it vex there is no investment without although it is greater in some investments but the higher the risk the more return it could also generate so it is vice versa. As for those looking not to invest they can just buy and hold as it is better than fiat currency because of his advantage to hedge against inflation

People who sees bitcoin as a scam do lack the interest to invest in it simply because they don’t have the adequate knowledge when it comes to bitcoin. Instead of craving to own one of it because of its high value, they hold onto the wrong idea and grip theirselves not to be attached with bitcoin. But this is not the case right now. People have started to like and embrace bitcoin seeing big countries are already adopting bitcoin as part of their payment system.