Post
Topic
Board Nigeria (Naija)
Re: The FUD of Bitcoin.
by
EL MOHA
on 24/08/2024, 19:51:58 UTC

Some solutions to FUD in Bitcoin includes.

1. Clear and supportive regulations by the government
2. Rising adoption of Bitcoin can help eradicate FUD in Bitcoin
3. Educating ourselves with the accurate information will give no room for false information and misconceptions.


Your solution are looking promising but I see that not all this solution will be implemented. First of all the regulations, government aren’t after regulating bitcoin they just want it gone because they think that regulating bitcoin won’t still eradicate fully the decentralization that people enjoy from using it the government doesn’t want anything decentralized, they want to control it and it is hard to do that with bitcoin.

As for adoption process I think it will be a gradual process as the advantage of using this new technology comes forward it will bring in many people into it, this one will not be too influenced by any body but it is process of it self. Look at the way cashless policy is being used now.

I think the issue of educating or advocacy for cryptocurrency is the only  and most viable option to eradicate bad narrative of it, we all the early adopters now need to educate those that wishes to learn on how it is good