Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: emma.lee1890 on November 13, 2018, 07:22:37 PM
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If you're thinking we need to fix Bitcoin to make crypto better then in my opinion I don't side with you. Bitcoin has been created to liberate the economic world of so many hustles but we are trying to kill the motive. After Bitcoin and block-chain, several crypto-currencies and block-chain initiatives have been developed to help make the world better, but at the end what do we see?
People try to scam people of their money and it scares everyone else who wants to join.
Some people manipulate the market to be in their favor (greediness and selfishness).
Some of us join bounties and cheat (why do you even do that).
Someone invests in a project and then sells below ICO price on the first day of trading
The fact is that the Bitcoin and block-chain initiative is good and liberate, but those of us who need to properly communicate it to the outside world are not "in our good shape" so at the end, every one gets scared to join. Let's fix ourselves and it shall reflect in the overall crypto-space. In the early days of BTC, those who had the zeal to propel the technology truly did with optimum enthusiasm but that character is not part of the latter adopters. Please a humble request- let's all change or until then the road shall be rough for us in this journey
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Most of the things you've listed here are not problems that occur exclusively with Bitcoin or cryptocurrency.
These are just things that happen due to human nature, so unless you can find something that would make human beings less greedy, I don't see how this can be fixed.
It might be a bit negative of me to think this, but I really don't see how you could completely eradicate scamming and cheating.
Maybe in future societies things like this won't exist anymore, but it'll take a massive shift in attitude to solve it.
There are countries where you see extremely low crime rates, Japan comes to mind, but crime still exists even there.
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There is a saying "if your fooled once, shame on him but if your fooled twice shame on you." People should consider researching or verifying if what they're investing in is legit or not, if the founder of the project really exist. In the end it's their own fault investing their money in too good to be true projects and expecting immediate gains.
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This problem generated because of the number of ICO,s been released a month since 2017,investors are now viewing cryptocurrency as gambling that is why the initial concept is been not put into considerations.
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This is actually not our problem and not related to bitcoin. but mainly these are either altcoin market problems or a small group of people problems. for instance when some people invest in an obvious scam and lose money, it has nothing to do with the bitcoin community, there are gullible people everywhere and you can't fix it!
Or when someone invests in ICOs that are only hot air and nothing else, it is not a bitcoin community problem to fix. it is again their own gullibility and desperation for profit that makes them take such risks and gamble with their money. and the pump and dump nature of the altcoin market is making this situation even worse.