Post
Topic
Board Bitcoin Discussion
Re: What's stopping people from using bitcoin?
by
goinmerry
on 26/06/2016, 04:17:00 UTC
I simply don't think the general public can get used to the virtual currency where a string of characters translates to monetary value.
The distance between a malware/phishing scam is the computer and the bank.  Now that you move your money into your computer, stored as a string,
the distance between your money and it getting stolen feels a lot smaller. Hence the trust issue.

People really have issues with the trusting part of the bitcoin this is without doubts true, the bitcoin also simply has a bad name due to the media that only told some bad stories about it..

The thing is trust now can be gained simply by being there for a long time. Look at paypal, that is an exame of just beiing there for quite some time. Although their fees are hugh people still use it.