Crypto

Stop Trying to Convert Bitcoin Non-believers and Keep Building Solid Ecosystems

It has been tough to convince outsiders about bitcoin and altcoins. Most people remain unwilling to engage in an open dialog in 2020.

As is usually the case, the topic of bitcoin remains highly controversial.

The Non-believers Will Flock to Bitcoin Eventually

To most non-believers, it has no value or a pyramid scheme.

Another common argument is how it is not regulated, which is far from the truth, depending on one’s region.

The fact that it is not backed by anything is often highlighted as a flaw.

In reality, it is the core strength of any cryptocurrency on the market today.

Unfortunately, those who are stuck in this mindset will not be persuaded of the opposite.

It begs the question whether there is any point in “converting” non-believers at all.

Related Post

One’s efforts would be best used on engaging in a dialog with like-minded people.

Over time, the undisputed purpose of bitcoin and other cryptocurrencies will become more apparent.

Any new disruptive technology goes through cycles of non-believers.

The Internet suffered from this issue, as did computers, smartphones, and even video games.

Instead of wasting valuable efforts, it can be put to better use.

Building stronger ecosystems is one way of paving the way for broader adoption.

There is also a lot of work to be done to make bitcoin more convenient, as it severely lacks in this department.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Stablecoin Supply Begins To Shrink After Months Of Growth

After months of steady expansion through 2025, stablecoin supply across the crypto market is now…

22 hours ago

Bitwise Enters Onchain Finance As Morpho Vault Curator

Bitwise Asset Management has officially expanded deeper into decentralized finance by launching non-custodial onchain vault…

22 hours ago

ZetaChain Unveils 2.0 Upgrade And Anuma Beta Release

ZetaChain has officially announced the launch of ZetaChain 2.0, alongside the beta release of Anuma,…

22 hours ago

Massive Infostealer Database Exposes 149 Million Login Records

A massive unsecured database exposing roughly 149 million usernames and passwords surfaces online, triggering fresh…

2 days ago

HIP-3 Open Interest Surges To $790 Million As Hyperliquid Hits New Liquidity Milestone

Hyperliquid continues to reshape decentralized trading as HIP-3 open interest (OI) climbs to a fresh…

2 days ago

Tokenized RWA On The XRP Ledger Surpasses $1 Billion For The First Time

The XRP Ledger (XRPL) has reached a major milestone in the global push toward real-world…

3 days ago