there are interviews where a youtuber is asking random people on the streets whether they know about BTC. surprisingly, the majority of those random people don't know BTC. i think there's still more than 90% of people around the world don't know BTC but trust banks with their fiat money issued by the government that is backed by nothing.
it's common for people to just trust the government because after all it's the government. and if the money is issued by the government then it's good enough for them. not asking anymore more than that. and i think because most people are in the rat race too. too busy to make money working 12 hours a day and have no time to ask whatever is there that the discovery channel is talking about.
it's common for people to just trust the government because after all it's the government. and if the money is issued by the government then it's good enough for them. not asking anymore more than that. and i think because most people are in the rat race too. too busy to make money working 12 hours a day and have no time to ask whatever is there that the discovery channel is talking about.
This reminds me of that youtube video where they ask people if they want $100 or 1 bitcoin and everyone says they want the money.
OP is right, people don't trust bitcoin because they don't understand it, but it's funny because there's so many things they don't understand, but trust. For instance they drive electric cars even though they are known to catch fire and be built in China. They trust Chinese phones even though it was proven that some of them were had spyware. They trust the government, despite so many politicians being corrupt... Bitcoin wasn't proven to be wrong, corrupt, or a scam, yet people don't trust it.
Yes u got the point we live in society of trust.
All what it takes is just get some legit looking person to talk and everybody will trust and belive.
Yes it's so funny to see how people trust and act like they know and tell they don't get into btc because they don't know about btc .....but to be honest people don't know much about anything.
But the future of finances are proof instead of trust.