Post
Topic
Board Bitcoin Discussion
Re: Reason for calling Bitcoin scam
by
Oasisman
on 26/11/2020, 21:53:31 UTC
Why do people still think it is scam?
   Why do people still think it not going to be the future
      

This are the answers
  1.   Maybe because it's not visible, some people believe in what they can see ,feel and touch ,
2.one of Bitcoin was made for the purpose to eradicate the thrid parties during transaction, what if the thrid parties (banks) are already feeling the pressure of being washed away by Bitcoin and advertise it as a means of scam.
3. Most of the government has an annual share from financial institutions, so imagine a world that exist without banks only bitcoin.that means loss of profit, so they end up banning bitcoin in their country.
4. We are in the 21 century and we are getting more civilized by the year, but u can explain that to a layman or our parents so the believe it to be scam  eg Warren Buffet.
  

Though your answers made sense, but IMO the most common and the main reason why some people thought Bitcoin was a scam, is because of lack of knowledge even with the very basic fundamentals of Bitcoin.
I believe, If somebody reads and understand Bitcoin for the first time, If it caught his interest, he will not think of it as a scam of even have doubts.
We live in a digital age now, So I don't think people wouldn't trust Bitcoin just because it is not tangible. Bitcoin's value is visible, transactions are transparent and recorded in the blockchain, without any central authorities or third parties. That's enough reason why Bitcoin won't become a scam.