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

Bitget Launches OpenAI Pre-IPO Access As Crypto Exchanges Push Into Tokenized Equity Markets

Bitget officially launched pre-IPO access to OpenAI via its IPO Prime platform which deepens their…

8 hours ago

Tether Expands Open-Source Push With New Developer Grants For AI And Payment Infrastructure

Tether's presence in decentralized tech space is growing due to the launch of its developer…

1 day ago

Huma Finance Exploit Hits Legacy Contracts As Platform Maintains Stability And Accelerates Transition To V2 System

While challenges remain, the decentralized finance sector is moving forward, and Huma Finance's exploit serves…

1 day ago

Chainlink Expands Cross-Chain Reach As Major Protocols And Institutions Deepen Adoption 

Chainlink is continuing its mission to be the most widely integrated infrastructure in crypto, adding…

2 days ago

Sui Network Hit Again: DeepBook Exploit Adds To Growing List As Token Defies Pressure With Bullish Breakout

A vulnerability in one of the core DeFi protocols on Sui Network exposes the ecosystem…

3 days ago

Polygon Raises Network Capacity To 140M Gas

Polygon has made a big move in cementing its mission as one of the leading…

4 days ago