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

Strategy Increases Bitcoin Holdings With $2.54B Record Purchase

Last week saw major investment firm Strategy Inc. (MSTR) bust into the crypto world with…

4 hours ago

Bitmine Sets Record In Weekly ETH Purchase, Ramping Up 101,627 ETH In Just Seven Days

One of Bitmine Immersion Technologies came out to be the most aggressive in its cryptocurrency…

4 hours ago

Three Major Exchanges Investigate RAVE Accusations of Market Manipulation

The RAVE controversy is now one of the most significant market integrity matters in recent…

1 day ago

RAVE Token Turmoil Deepens As Manipulation Allegations Trigger Investigation, Sharp Price Drop, And Community Backlash

A shocking turn of events followed on the cryptocurrency market when on-chain analyst zachxbt took…

2 days ago

North Korean Operatives Crept Into Crypto Firms Without A Sound, Here Is What It Means For The Industry

Running as a part of ETH Rangers security initiative for the Ethereum Foundation, The Ketman…

2 days ago

Spartans.com Reaches $40M in Gross Gaming Revenue During Beta While Hyperliquid & Monero Price Forecasts Turn Positive

Spartans.com Reaches $40M in Gross Gaming Revenue During Beta While Hyperliquid & Monero Price Forecasts…

2 days ago