Post
Topic
Board Bitcoin Discussion
Re: Reason for calling Bitcoin scam
by
adzino
on 27/11/2020, 08:11:20 UTC
-snip-

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.
  

1. What about those "digital wallets" like paypal and cashapp. You can't "see", "feel" or "touch" those money. If you want to, you will have to do that by withdrawing it to fiat money. You can do the same with bitcoin.

2. True. Banks see crypto currencies as a form of threat. They have to find some ways support bitcoin trading through banks but in a centralized and regulated way.

3. No one can ban bitcoin. They end up "strictly regulating" and imposing policies that favor the government.

4. Convince them its not a scam.