Post
Topic
Board Bitcoin Discussion
Re: What's stopping people from using bitcoin?
by
nischal88
on 26/06/2016, 04:26:07 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.
Human tendency of protection and security may be the major reason of avoiding the some other virtual currency as per the security is not completely abundant for the investment.