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Why Do So Many People Still Not Trust Bitcoin? 6 Reasons.inbitcoinwetrust.substack.com/p/why-do-so-many-people-still-not-trust
917 sats \ 8 comments \ @ssaurel 25 May 2023 bitcoin
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82 sats \ 0 replies \ @Distivboy_87 25 May 2023
For me and my household, give us the Bitcoin. Bitcoin you have never disappointed me before that's why I stick to you and continuously seek you. I humbly keep stacking
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21 sats \ 0 replies \ @ssaurel OP 25 May 2023
tl;dr:
  1. Bitcoin is unlike anything you know
  2. The media pushes the anti-Bitcoin narrative of the powerful people at the head of the current system
  3. Most people don’t understand money and economics
  4. "Bitcoin has no intrinsic value, it is issued out of thin air"
  5. A currency not backed by governments? Impossible!
  6. You have the power, but you must take responsibility for your money
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6 sats \ 0 replies \ @021da48107 25 May 2023
Most people don’t understand money and economics "Bitcoin has no intrinsic value, it is issued out of thin air"
I hear this a lot of people as negatives of bitcoin. I usually just ask them why $1 USD is worth $1 USD and they struggle to answer it. Usually they have never even though about why their USD is worth anything and just asking them questions makes them think about it a bit more.
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11 sats \ 0 replies \ @jgbtc 25 May 2023
  1. Many people can't admit they were wrong for the last 14 years and swallow their pride. They can't stand the thought of getting in late.
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1 sat \ 0 replies \ @JesseJames 26 May 2023
"...it's easier to fool a person, than convince him he was fooled..." :-) Fiat did that, also "familiarity breeds content".. the list is long. It will take time....
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1 sat \ 0 replies \ @Atreus 25 May 2023
People inherently don't understand the money in their bank account right now. If you were to ask them what the dollar they obsess so much over actually is, they'd have a really hard time telling you anything.
Given that, Bitcoin is near impossible for them to understand. I don't think the average person will understand it until the fiat economy breaks enough to incentivize them.
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0 sats \ 0 replies \ @LowK3y19 12 Dec 2024
They probably still think it has a lot to do with money laundering and drugs
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0 sats \ 0 replies \ @LowK3y19 22 Sep 2024
People are just scared of the uncertainty that lingers around it that it could at any moment crash and go to zero
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