I had a good time
but it's time to end this series.
The beginning:
I like to know what people think about Bitcoin. For that, I usually search for news in mainstream media.
... that's how it all started. I checked online newspapers, forums, social networks, etc.
I was curious about people's views on bitcoin. Not the educated people only. Everybody.
Soon I became aware people don't care if they know the basics about anything. They just go there and comment. (I know, I know... it's the internet.)
Some of the comments may not even be wrong , "investing in bitcoin is risky" or "it's used by criminals" but I just could not believe people trying to descredit bitcoin were actually using arguments that were easily related to fiat currencies.
Others wanted to invest when it was high and were selling when it was much lower. It's not exclusive of crypto "investors", but these are the ones who will blame the crypto market for their lack of knowledge and skills.
There were many many topics.
I thought I could turn this into a series of posts. The aim was not to make fun of uneducated people but there were some hilarious comments, I confess.
This is how this post works:
There will be a list of links for the 50 posts and I will chose the best comment of that post to go along with the link. You are free to open the links to check the whole thing if you want to.
Things people say about Bitcoin #1
Best comment:
Bitcoin has a fraud risk "because there is danger of falsification and counterfeit."
Things people say about Bitcoin #2
Best comment:
"With that kind of fluctuations it can never be a coin. It's a speculative, money laundering and terrorism funding instrument that should be forbiden."
Things people say about Bitcoin #3
Best comment:
"Bitcoin is in all time high and I want to begin. Where should I start? Where do I buy a wallet?"
Things people say about Bitcoin #4
Best comment:
"Cheaper (than banks)? Howcome? The banks are raising fees because it's no longer sustainable to keep the current prices. That coin will not last long."
Things people say about Bitcoin #5
Best comment:
"That's too complicated for me. I don't have the brains to understand any of that." (while in their 30's)
Things people say about Bitcoin #6
Best comment:
"Jamie Dimon is right about one thing. What supports the value of these coins are mostly illegal transactions"
Things people say about Bitcoin #7
Best comment:
"Not ONE central bank agrees with Bitcoin. That alone should be enough to show how illegal Bitcoin is."
Things people say about Bitcoin #8
Best comment:
"The next bubble..."
(not necessarily wrong, but at that time he was comparing it to the tulips bubble)
Things people say about Bitcoin #9
Best comment:
"The money we use represents the gold in the banks' reserves. What does that coin represent? Nothing!"
Things people say about Bitcoin #10
Best comment:
"I don't care about the price. Even if it was legit money who would sell their home for bitcoin?!"
Things people say about Bitcoin #11
Best comment:
"Bitcoin is wrapped in apparently sofisticated technology, the blockchain, which practical utility is hard to find."
Things people say about Bitcoin #12
Best comment:
"In the end, the poor people are going to pay for this."
Things people say about Bitcoin #13
Best comment:
"There's always someone in charge. Find that Satoshi and arrest him."
Things people say about Bitcoin #14
Best comment:
"The dollar could go 100% digital and it wouldn't lose its value."
Things people say about Bitcoin #15
Best comment:
"I've been reading about bitcoin. I like the idea, I think it's fine but I won't put money there until banks say is safe."
Things people say about Bitcoin #16
Best comment:
"Nobody accepts Bitcoin and therefore its value should be zero."
Things people say about Bitcoin #17
Best comment:
"I don't like banks but at least with them I know where to go if something goes wrong. Where am I going to complain about bitcoin?!"
Things people say about Bitcoin #18
Best comment:
"I'm not easy to convince. That looks some kind of pyramid scheme. In the end, that Satoshi guy will run away with everything."
Things people say about Bitcoin #19
No comments this time. Different kind of post.
Things people say about Bitcoin #20
Best comment:
"Krugman won the Nobel for nothing? Listen to the man once and for all!"
Things people say about Bitcoin #21
Best comment:
"My older brother who works in a bank says it could be interesting if only it was regulated. Everybody else in the bank thinks it's a scam."
Things people say about Bitcoin #22
Best comment:
"... the number of participants in these piramids have been increasing due to the hope of profit that only the arrival of new participants will make possible."
Things people say about Bitcoin #23
Best comment:
"I don't understand much of it but It must be a good thing. I made a profit!" - (Not the best logical argument...)
Things people say about Bitcoin #24
Best comment:
"I can see that giant bubble ending real bad. I hope banks won't give this assholes their money back." (banks?)
Things people say about Bitcoin #25
Best comment:
I refuse to get paid in fake digital money. It's no different from monopoly notes."
Things people say about Bitcoin #26
Best comment:
"Still don't know a thing about bitcoin but I know I don't want any of that near me."
Things people say about Bitcoin #27
Best comment:
"Sad sad sad. I was suppose to be buying a house by now. Instead I'm losing money."
Things people say about Bitcoin #28
Best comment:
"Teenagers must be sad after their favorite money collapsed last week."
Things people say about Bitcoin #29
Best comment:
"I'm an experienced accountant and I advise everyone to stay away from everything that is virtual. Homebanking services are different, it's real money."
Things people say about Bitcoin #30
Best comment:
"My bank warned. They blocked a transfer to a cryptocurrency company and sent me an email warning me they don't support illegal activities."
Things people say about Bitcoin #31
Best comment:
"I'll look into it. I'm new in this crypto world but give me a day or two and I'll be able to give you some advice."
Things people say about Bitcoin #32
Best comment:
"Bitcoin is pretty much a useless idea."
Things people say about Bitcoin #33
Best comment:
"I'm good with it as long as cryptocurrencies are convertible to US dollar, the only real money backed up by gold and the US government."
Things people say about Bitcoin #34
Best comment:
"Where are those miners? I've never seen any. Why aren't they on tv talking to people? They could if they were not criminals printing money outside the system."
Things people say about Bitcoin #35
Best comment:
"I have paypal. I don't see much of a difference."
Things people say about Bitcoin #36
Best comment:
"Is there any problem with normal money?"
Things people say about Bitcoin #37
Best comment:
"I'm not a tech genious but I've read the bitcoin whitepaper and I found two clear errors and perhaps one or two minor mistakes. This will not work. I'm surprised the whole thing still exists."
Things people say about Bitcoin #38
Best comment:
"I like cash. It's not easy to fake like they do with virtual coins."
Things people say about Bitcoin #39
Best comment:
"VISA is enough."
Things people say about Bitcoin #40
Best comment:
"Banks have failed us in the past but I believe they learned the lesson and everything is much more controled now. I'm sticking with the traditional investments."
Things people say about Bitcoin #41
Best comment:
"It's not that as disruptive as people say."
Things people say about Bitcoin #42
Best comment:
"The virtual coin has no future because it's backed by nothing."
Things people say about Bitcoin #43
Best comment:
"On one side you have people like Roubini, Bernanke, Dimon and Yellen. On the other side you have a criminal fugitive with a fake name that built an illegal way to print some kind of fake money. Which side are you at?"
Things people say about Bitcoin #44
Best comment:
"When you put your money inside a bitcoin machine, the fathers of the ponzi keep your money and you end up with fake money."
Things people say about Bitcoin #45
Best comment:
"I'd like to see this stupid idea come to an end before my son spends more money on it. I hope it goes to zero this time."
Things people say about Bitcoin #46
Best comment:
"My brother advise me to buy some a year ago and I did. It was up and now is down. I don't know what to do with this thing."
Things people say about Bitcoin #47
Best comment:
"The problem is I bought a lot of it in January and my wife doesn't know. By the end of the year we check money, bank accounts and stuff together. She's about to find out... If I sell now I'm done. I'f I don't sell, I'm done."
Things people say about Bitcoin #48
Best comment:
"Goodbye blockchain."
Things people say about Bitcoin #49
Best comment:
"They should disappear. They worth zero. Central banks responsibly control the world financial system without being virtual."
Things people say about Bitcoin #50
Best comment:
"Even if it's useful (which I doubt), it spends too much energy."
And that's all folks!
I hope you enjoyed it as much as I did. This is how we know there's work to do as far as education is concerned in this space.
But unfortunately... we can't save them all!
Thanks for the support,
RMach
