Post
Topic
Board Bitcoin Discussion
Re: How do I convince people that Bitcoin isn't a financial pyramid?
by
Lucius
on 27/02/2021, 15:31:01 UTC
Don't get me wrong, but I personally don't think you need to convince anyone that Bitcoin is this or that - because there is the internet and all information is public, anyone who wants can be informed at any time. Any attempt to explain Bitcoin to someone can actually act as if you are doing it for your own financial gain.

I have personally encountered two groups of those who are extremely negative when BTC is mentioned to them. The former do not understand it at all, some simply because they have a low level of education or have gained the belief that it is something illegal and do not want to have anything to do with it, and the latter are actually very disappointed that they missed the opportunity to get rich, and now they want everything to fail.

I think many people live under the misconception that Bitcoin must replace fiat in order to succeed, but that is something that is very likely not to happen in the near future while the world is functioning the way it is now. Bitcoin is just an alternative to the existing system, it is not a rule or a law that someone has to apply.