What is it that you/people say they don’t like about Bitcoin?—do you/they really dislike Bitcoin, or just the discomfort of letting go of the broken system they’re used to?
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What is it that you/people say they don’t like about Bitcoin?—do you/they really dislike Bitcoin, or just the discomfort of letting go of the broken system they’re used to?
#1 from people with fiat income for me nowadays "it's speculative"
Neutralized with: "just replenish on spend". May need a few back & forth of this convo before orange pill success.
When people say "it's speculative" I just say "I'm not in it for the gains."
If that turns them off, then they're not ready for bitcoin anyway.
If that intrigues them, then let's gooo
Nice!
How do you deal with "inflation" arguments? I can't have a single conversation about money this year without the conversational partner bitching about how prices are going up.
Yeah but isn't that a great lead up into talking about bitcoin?
And if anyone blames "corporate greed" for inflation, I always ask, "when have corporations not been greedy?"
Oh you're right, except then the tables may get turned on you (they have on me) and you're being speculating against inflation! Not making this up, I literally heard this argument twice where one even went on to tell me I'm a cheater for not feeling the inflation as hard. No joke. Needless to say no orange pilling these... yet.
PS: "corporate greed" discussions are such a brainwave killer, lol.
Haha, sounds like they're just rationalizing to themselves why they don't / shouldn't own bitcoin. I'd probably just end the convo with like, "Sure, you can see it that way if you want, but to me I am just trying to support a more free and fair monetary system."
People are fully invested in a system which encourages them to take a mortgage to secure a home. House prices must rise to make it all worthwhile. So, Bitcoin must not outperform real estate over the long-term.
People like comfort far more than improvement
Most people cannot accept that there is an alternative to fiat money. The manifestation and portrayal of the power of the bankers has been a very strong narrative over the last 5 decades and most people are so trapped within that narrative and paradigm that they cannot take seriously the Bitcoin intent of usurping it.
Most people have invested too much of their lives in the fiat based monetary and belief system to reject it for something so alien as a decentralised algorithm based protocol with no leader and no hierarchy.
People want familiar power structures because they provide a sense of security and most peoples experience is that challenging established power structures is unrewarding and dangerous.
With Bitcoin you are declaring war on the core of the power structure people live under, and most people who depend upon that power structure for their sense of wealth, security and purpose do not want to declare war on that.
People always say it’s not backed by anything so they think it sucks but fiat isn’t really backed by anything either
Fiat is backed by full faith and credit 😂
i'm surprised by how many people still think fiat is backed by gold -_-
People want familiar power structures because they have been conditioned to equate authority with safety. Yet the historical record shows that those same power structures have repeatedly devalued currencies, imposed capital controls, and selectively bailed out institutions at the expense of the public. Bitcoin challenges this because it is transparent to the point that all monetary policy decisions are visible and immutable on the blockchain. No secret meetings. No backroom deals. Just open code and distributed consensus.
The question is not whether Bitcoin can replace fiat overnight. The question is how long fiat can coexist with a system that offers an alternative immune to political whims and corruption. Because once you really understand how Bitcoin works, you stop asking whether it can survive and start asking how the old system will adapt to its presence...