Why do you believe that Bitcoin is worth nothing, no matter how you say it?

In July 2019, Trump opposed Twitter on Twitter, the US Treasury Secretary slammed Bitcoin, and the US Congress denounced Facebook's cryptocurrency. The US Internal Revenue Service threatened more than 10,000 Coinbase users to pay taxes.

The cryptocurrency V erects the middle finger for these behaviors, for example:

Twitter V @KaBBy insinuates the US Treasury Secretary while criticizing bitcoin money laundering while criticizing bitcoin money laundering:

Twitter user @KevinD1944 Mocking at the US Treasury Secretary is Trump's repeater:

In short, these hatreds and anger are filled with opinions and dissatisfaction.

Last week, the price of gold soared, and the voices of the big money circles were more and more criticized, for example, “throw away gold, buy bitcoin!” “You can't buy daily necessities with gold, stupid!”

This week, the remarks about the global economic crisis are rampant, followed by more conflicts, curses and cheers.

Stop quarreling.

Although we should all fight for cryptocurrencies, we also want to give others a reason to listen to science.

a different story

Many people have heard of bitcoin, but few people really understand what it is. They don't use legal currency, inflation, privacy, self-custody, value exchange, etc., which are commonly used in cryptocurrencies, and most of them don't even know the meaning of these words.

When Anthony Pompliano said "short banker, do more bitcoin" , what you heard was:

“We will empower individuals and entrepreneurs to create a financial network that everyone can participate in, rather than a closed, nepotetic banking system that forces you to give money to a selfish stranger while giving A monetary system that has no choice but cannot escape bad governance."

What other people may hear is this:

Bitcoin will destroy banks that fund my life. Instead, I will have to use Internet fake money that is constantly changing, and terrorists and criminals use to do bad things.”

The reason why I know that they think this way is that someone once told me about his real thoughts.

Open people's thinking

When I was working in Congress, I heard experts and politicians distort goodwill speech into political material. I saw a nuanced and reasonable policy discussion that ended up being empty.

At the time, I thought it was only part of the game. This is just a political “you have to do” – this is how you get votes, money and support. Inciting people's emotions, exacerbating conflicts, and letting people agree with ideas that are good for you.

Although I don't support this method, in fact, it is very effective.

Judging from the study of psychology and leadership over the past few decades, the truth rarely changes one's mind. Truth is always confusing and confusing. To truly understand their meaning, you need knowledge and perspective – this is usually what most people lack.

So, what can win people's hearts?

A good story.

All forms of persuasion use this method. In politics, it is called a narrative; in law, it is called case theory; in kindergarten, it is called a fairy tale; in Hollywood, this is called a plot; in sports, this is called encouraging encouragement.

This is the way people believe in things.

Politicians use stories to manipulate you, I don't want that. Instead, this approach allows us to use stories to open the minds of others and let them see new potentials so that we can help others see the future we see.

Unfortunately, the current cryptocurrency story is:

There is an unknown person who fakes money online and people use it to buy pizza. Then people use it to buy drugs, evade taxes, and finance terrorists.

Then its price rose and some people became rich. Then its price dropped and everyone lost money.

Now people think they can use it to do other things, but no one actually uses it to do anything.

Oh, and, it will kill the bank, help the criminals, and destroy the government. And its price has been changing. And it's hard to use. And it could be hacked.

This statement was heard by people from non-coin circles. It doesn't matter whether the story is right or wrong, but many people think so.

Let's talk about a different story about cryptocurrencies:

The blockchain provides an excellent opportunity to improve the government, giving the poor direct access to financial networks, streamlining business transactions and creating new, valuable industries.

Using cryptocurrencies to unlock the enormous value of blockchain technology can solve the problems that affect human life—allowing us to distribute electricity, wealth, education, property, government services, and everything that can be exchanged.

So how do we make people believe this story?

Give an example of the usefulness of cryptocurrency

Overall, the blockchain industry has made great progress in the past few years. Some countries even have regulatory mechanisms specifically for cryptocurrencies, while others have reserved development funds for blockchain projects.

In the United States, there are now several companies and companies pushing Congress to change its cautious stance on cryptocurrencies. Most importantly, Wall Street has quietly established infrastructure and regulatory support to provide a safe and easy way for ordinary people to enter the cryptocurrency market. Not to mention companies like BitGo, Omise, Squra and others that embed cryptocurrencies into products and services.

These entrepreneurs and advocates will take the lead in making the cryptocurrency look normal and practical.

To help them explain the problem, we can start to tell some stories about the legal use of cryptocurrencies.

For example, a blockchain agreement signed a contract with the US Department of Homeland Security to protect government sensors and cameras from data attacks and scams. Tell people this story and let everyone know how cryptocurrencies protect your country from cyber attacks.

Or talk about Microsoft's ION platform, it will give you a decentralized control that allows you to have your own identity. When ION is launched, you won't need to provide your personal and personal information to anyone – meaning you never have to worry about hackers stealing your data from companies that have business with you (because the company won't own you) The data).

Do you know that ION will run on Bitcoin's blockchain? Tell people the story and let everyone know how the Bitcoin blockchain protects your home and finances from hackers and cybercrime.

JPMorgan Chase will use cryptocurrencies to allow international companies to access their funds on demand. In this way, these companies will not have to bear the pain of exchange rate changes, and they will not have to wait a few days to pay from one place in the world to another.

You may be ridiculed by JP Morgan Chase's efforts, but it is undeniable that stable currency can indeed cut business costs and improve efficiency. Tell people the story and let everyone know that cryptocurrencies can increase profits, create better services, and simplify financial steps.

Maybe you hate Microsoft and JPMorgan Chase, but you can find other examples – Ripple's xRapid service, or hundreds of other cryptocurrencies for real-life innovation.

Give people some imagination


These stories are important, but we also need to give people some speculation and bold things, something that will inspire their imagination.

In the early 1990s, people were not interested in the Internet. They felt that they could call directly instead of typing.

They are finally excited because politicians and entrepreneurs tell them about huge data highways, new innovations, better businesses, more job opportunities, and opportunities to learn about the rest of the world.

(Who would have thought that it would be spent on this for several hours every day?)

Use your imagination.

For example, think about the US campaign finance system. We know that politicians, the rich and powerful interest groups abuse this system. We know that companies are funding large impact networks through bundlers, political committees, and private networks.

What if someone creates a cryptocurrency and signs a smart contract to execute the campaign financial rules? If the US government is required to use this cryptocurrency to raise funds? If you force all activities to use this pass as an official activity fee? If privacy is built, let the event participants not have to worry about being made public?

If we do this, we will have a cleaner campaign and a deeper understanding of the source and whereabouts of the funds.

What can everyone think of?

The cryptocurrency eliminates fraudulent campaigns, exposes suspicious transactions, and simplifies campaign accounting, compliance, and oversight.

— Based on blockchain campaigns

Or let's think about real estate.

Buying a home in the US is very expensive. Even the cheapest property, taxes, fees, and financing can cost thousands of dollars, while expensive homes cost more.

Most importantly, the bank requires buyers to offer a 20% cash payment, otherwise they will charge an additional fee in addition to the normal mortgage. Federal bailouts can become complex and often generate undesirable incentives to induce people to accept loans that they can't afford or understand.

What if someone creates a securitization token for each asset? This token can run on the blockchain, which captures survey data, transaction history, improvements, and other important information. When you buy a house, you use this token to settle. All terms are kept in the blockchain. If you need money, you can sell some or all of the tokens instead of carrying the debt.

If you need to use the property to get a loan amount, you can sell more tokens on the open market instead of refinancing, getting a new credit line or getting a reverse mortgage.

What does this story say?

The cryptocurrency provides a new way of financing for home purchases. It provides access to housing for people without a bank account and frees up billions of dollars in undeveloped home equity. It may even lead to the phasing out of predatory housing lenders.

– Blockchain-based real estate

How do you know that the story works?

My father doesn't care about consensus algorithms, but when you tell him that his company can accept encrypted payments and reduce the cost by 4%, he understands that he wants to know more about Bitcoin Lightning Network.

My uncle knows nothing about the blockchain, but when you tell him that he can use it to buy and sell electricity without going through a dealer, he understands why the blockchain is so important because he works in the energy industry.

My friend doesn't know the proof of work, but he will be surprised when you tell him that the cryptocurrency will ruin his payment processing business.

In the conversation with people, what impressed me the most was a city management. He said:

"If Bitcoin can help me get the parking meter, call me and let me know."

The city management does not care about banks, inflation and reverse yield curves. For the city government, collecting parking fees and enforcing parking tickets is an administrative nightmare, which is a problem he has to deal with every day.

For you, these things may seem boring and insignificant. While your imagination has foreseen the possibility of this transformational technology, most people have never thought about cryptocurrencies—they have never read the Bitcoin white paper.

For them, staying true and simple is enough. Don't explain what currency is, don't talk about bank and central bank failures, and don't talk about legal currency and hard currency.

Tell them stories about real companies, which companies use cryptocurrencies or blockchains to create more value for the world. Listen to their questions and find ways to cryptocurrencies (possibly) to solve their problems.

Let people expect cryptocurrency to flourish

Everyone wants to have a better life. Growing businesses, safer financial systems, low-cost government services, fairer elections, and safer private information – who would object to these things?

Give people a reason to believe that cryptocurrencies can give them these things. It can't just "believe me, you will get rich when you buy bitcoin." People need more than that.

I don't mean to let people rush to go to Coinbase to open an account, our goal is not here. We only need to inspire people's imagination and let everyone believe that cryptocurrencies can take on the heavy responsibility.

Now, we just need to give people a reason to believe that cryptocurrencies can make their lives better.

If we do this, I am sure that the government will make more sensible laws in the future, and your friends and family will show more curiosity and be more willing to listen to what you have to say. Businesses are more receptive when you ask to pay in Bitcoin or other cryptocurrencies.

Everything starts with a story, not a debate.

Tell people that you want to tell a story.

Author: MASAKA

Source: Block wave