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Fighting the FUD

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First off, I’m not a Bitcoin maximalist (I am a majority-alist, though).

I have a background in computer science and finance. I know I’m not the smartest person in most rooms but I feel like I have the ability to grok stuff like cryptocurrency better than the average person (maybe). That being said, it’s taken me 4-5 years to really understand Bitcoin and I feel like I still only understand 50% of it. It’s one thing to understand the code, it’s another to understand money/currency/assets/inflation/etc.

What’s my point? I have two points:

  1. It’s really sad to me to see so much FUD against Bitcoin, especially when a lot of it comes from people that are into cryptocurrency. It’s one thing to FUD Bitcoin when you are anti-cryptocurrency, but it’s extra annoying when it comes from the “inside.” If the FUD was simply questions looking for answers then cool, we can help out. But, so many folks seem to be reading bullet points for alt-coins and then saying, “yep, this is better than Bitcoin.” Who knows, maybe the altcoin is better, but I‘d wager that most folks don’t even understand Bitcoin or how money works or has worked throughout history - therefore, how can a person say the alt is better?
  2. As upset as I am about ignorance, I think impatience may do more to hurt Bitcoin than the FUD. To those of us that are pro-Bitcoin - please be patient. Use facts, don’t resort to attacks. Honey captures more flies than vinegar. We may never win back those that are dead set against Bitcoin(*), but folks reading your comments may learn something and may be convinced to learn more if they see wisdom and confidence. If an attacker makes a good point against it, admit it. Learn more about Bitcoin and see if it holds its own (it usually does). Don’t be cultish. Get smarter everyday and help others grow, too (even if the others are huge a-holes).

Basically, I wanted to vent but also talk myself into a solution to the irritation.

(*) Folks against Bitcoin may eventually own it when it becomes the world reserve currency. :)

submitted by /u/Imaginary-Friendship
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