Quote from: Abiky on Today at 06:17:34 PM

Quote from: Lucius on August 08, 2020, 11:14:42 AM

If we start from the fact that most people who have heard of Bitcoin do not really understand what it is really about, we should not be surprised that the prevailing opinion is that it is some kind of Internet scam. It is very easy to understand and accept how the monetary system works, it is something we learn as children - we get money from parents and grandparents, and we quickly realize how important it is in life.

Bitcoin is something completely new and revolutionary, and the complete opposite of what we have today - and that system is of course defended by people like Buffett who is very influential because he is rich, and people admire him for that and the way he got rich. Although Bitocin has been around for 11 years, we can’t escape the fact that it only became famous after what happened in late 2017, so we could actually take that as the moment it became planetary popular.

That's certainly true, mate. Most people lack education about everything related to Bitcoin and Blockchain tech. If they knew Bitcoin's potential to transform mainstream finance, they wouldn't think it is a scam. They're most often guided by what's said on mainstream media and the elites (like Warren Buffet). Since these entities talk negatively about Bitcoin most of the time, people become skeptical about it. Rest assured that with COVID-19 encouraging digital payments adoption at a large scale, more people will become inclined into using Bitcoin and other cryptocurrencies for their daily lives. I think some time is needed for the crypto space to mature. It's been only 11 years since Bitcoin's inception, with progress made in every level. Already, some governments are recognizing Bitcoin as legal tender. We might reach a point where people will distance scams from Bitcoin itself in the not-so-distant future. Remember, patience is key in order to achieve great results in the long term.

Nonetheless, it's our duty as crypto enthusiasts to let the world know that there's an alternative to the current monetary system. As long as people are educated about Bitcoin, they'll surely use it alongside Fiat for mainstream transactions. Back then, Bitcoin was declared to be dead hundreds of times. But day after day, it's been showing quite the opposite. Bitcoin has been growing at a fast pace ever since it came into inception back in 2009. The 2017 bull market run has only accelerated its adoption. Someday, people will stop believing misinformation spread throughout mainstream media, as they become more knowledgeable about the subject. Just my thoughts Grin

Mainstream media isn't a reason for people's thought on bitcoin as a scam. These days media too looks supportive to the cryptocurrency network. There is lack of understanding, and in particular is termed as scam due to the greed of common people.

People out of greed invest on some form of multiplier scam or on MLM based scams promoted in the name of bitcoin. When one gets fooled, he/she never agree its their mistakes. The same is termed as the failure of bitcoin, and this person spreads it in the negative way. This is why people think bitcoin a scam.