Why You Will Be Using BitCoin soon, page-4

  1. 1,224 Posts.
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    Good point. I think the only reason the explanations are a wee bit necessary on how it works as people don't understand how reserve currencies work in practice but trust they are"backed" by a country/government. People in emerging markets know how flimsy this is, but in western world its not been an issue for a few decades, at least to GP. Peoples instinct with bitcoin is to say "oh its a virtual currency, its a worthless scam", i admit that was my first reaction until i understood what it actually was and was like Paul on the road to Damascus done an about face!

    In saying that people dont know how internet works but post all kinds of private things, so its a case of familiarity breeds comfortability i suppose and as adoption increases over time, less explanations are necessary on the internal functioning of the technology.
 
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