Is there Hope for Greater Bitcoin Adoption?
People view cryptocurrencies differently; while others embrace it, others have concerns about digital currencies. Additionally, it is difficult to convince individuals to adopt virtual currencies. Even in 2020, people are not willing to engage in an open dialogue concerning this issue. Many people find Bitcoin controversial; even now, it is quite contentious. There is a belief that the virtual currency does not have value, or it is a pyramid scheme.
Bitcoin Non-Believers Argument
Bitcoin’s popular argument is unregulated; however, it is not valid since regulation gets based on an individual’s region. Others say that nothing is backing Bitcoin, but that is the underlying strength of any crypto on the market currently.
Unfortunately, people who maintain a negative mindset against cryptos cannot get convinced about the innovation. On the contrary, people interested in digital currencies will see the definite purpose as time passes.
Some Technologies that Faced Criticism During their Start
Most of the technologies accepted and adopted by everyone today passed through non-believers cycles. For example, many people did not believe in the internet, computers, smartphones, and even video games.
Hence, there is no need to waste effort and time arguing about cryptocurrencies’ purpose. Instead, more time should get devoted to developing robust eco-systems for broader options.
by Olowoporoku Adeniyi
by Olowoporoku Adeniyi
by Kyle Akihiko