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    Author Topic: Trust in cryptocurrency?  (Read 1439 times)
    suzanne5223
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    May 16, 2023, 11:23:27 PM
     #181


    I don't think the problem is people not knowing the gravity of how the fiat currency gives the government the power to control and also manipulate the economy through the printing of more fiat currency but the problem is some people are not believing in the decentralized ecosystem since it doesn't have the government assurance.
    The truth is that people are satisfied with centralized control because they believe that the state, or other governing body, can protect them. Responsibility is the main reason for this, because people are afraid of responsibility, and they are ready to believe the one who tries to guarantee it. But we know many reasons why this outdated system does not work properly.
    You are right, people are satisfied with what they have, so we cannot tell them to believe in something new and not yet recognized by the government. But we should not be blamed for their lack of knowledge or weakness because the government and banks have existed for hundreds of years, and the habit of depending on the government has also been formed for hundreds of years. While the decentralized system has only just begun to be known since bitcoin was created, 14 years is nothing compared to the existence of government, so it takes time for people to realize things.
    @Cryptmuster
    People being afraid of taking responsibility is not the reason. What they wanted is some sort of security that will back the cryptocurrency market because their people are that there is no sort of guarantee that the market won't go to zero in the future. This is why they hope for government assurance before going into cryptocurrency.

    @Minor Miner
    It is never in the nature of every human to be totally satisfied with what they have and every human has the habit of wanting some more but some people believe some set of people are satisfied with what they have because those people choose to keep their greed in check.
    Having said that, we can only tell the people don't believe in something which is not backed by the government about BTC and I am sure its historical record to enough to make the genius mind trust in the decentralized system of BTC.

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