It can be intimidating to talk to someone that's smart that spouts nonsense about Bitcoin. Arguing with them is going to be difficult because they likely have flawed economic thinking that is at the core of their beliefs.
If you're arguing with a socialist, for example, they're likely to have some form of class struggle or oppressor/oppressed paradigms that guide all their thinking. If you're arguing with a mainstream economist, they're likely to view centralized monetary control as a good thing. If you're arguing with a gold bug, they're likely to deny the value of digital things.
It's a pretty heavy lift to argue with these people, because, most likely, they haven't studied Bitcoin in any depth. But if you want engagement, start with their assumptions about the current system. Do they know how it works? Do they understand that all money comes from loans? Do they get that inflation destroys savings and that it's a stealth taxation? At the very least, this should get them on a field that's a little more neutral and fact based. But it's also possible that they may understand all these things and still be against Bitcoin. What then?
You can move from there to whether freedom, particularly property rights are a good thing. Even the most ardent socialists don't like having property taken away from them. And really, this is a moral issue that's very intuitive. Usually, you can make headway that property rights, especially over savings is a good thing.
Finally, you can move to Bitcoin. Do they understand that it's decentralized? That it's digital and that digital things can have value? This is where you need to avoid the stupid economics of the mainstream, who like talking about velocity and unemployment and so on. Those are all irrelevant to the fact that Bitcoin is good money.
Imagine arguing with someone 30 years ago about the Internet and whether or not it would disrupt newspapers and television. What a waste of time that would have been! Arguing with someone about Bitcoin right now is equally a waste of time.
reply
Arguing is a waste of time. Planting seeds is not.
reply
sadly 💯agree
reply
So far the only argument that worked with the 'educated' was to tell them there were two kinds of people, those who support Bitcoin, and those who don't. Then, of course, they had to ask what the difference was. I replied the only difference I could tell was if the person had spent 100 hours learning about Bitcoin or not. And since they are 'educated' they cannot stand the thought that maybe they are too stupid to know about something. Suddenly they spent 100 hours learning about Bitcoin and suddenly they were buying it.
reply
This. Everyone has an opinion regardless of how much work they've put in.
"It's easier to fool someone than to convince them they've been fooled" -- Mark Twain
It's not always easy to get them to see they formed those opinions based on very little information. But once you break that wall they start to question things. Nobody likes to realize they've believed lies.
reply
  1. what is money > what is bitcoin
if they want to talk about how money works, Then maybe they will be interested in bitcoin..
If they DGAF about any money discussion, Then result = HFSP 😂
Conclusion: people only buy bitcoin when they NEED it😬
reply
Once I met an espousing comedian who was also a communist. He wanted to have a one world government, not joking, true story.
Quotes from the Communist Party Manifesto by Marx & Engels, Chapter 2:
"the theory of Communists may be summed up in the single sentence: Abolition of private property."
"In one word, you reproach us with intending to do away with private property. Precisely so; that is just what we intend."
reply
It's much more productive talking to anarchists.
You can refer them back to Kropotkin, whose issue with money was the fact it relied on a central issuer which in turn gives rise to a state.
Many anarchists have adopted this view so fully, they tend to dismiss all discussion of money and carry the axiom "we must therefore find ways to have society without money".
So they're easier to win round as you bring them back to their own first principles -- the lightbulb goes on as they see that bitcoin is a form of money the great anarchist thinkers weren't able to conceive of and therefore a world they want is more possible than before.
reply
With progressives talk up to way fiat works and how banks get rich off of the system at the expense of the poor. Talk about how the dollar inflation destroys the economies of the global south. Fiat is slavery. I've made headway using this approach.
reply
I wouldn’t bother arguing. Too much emotional energy which you could dedicate to something else. Let them find it in their own way on their own time.
reply
When you argue people's egos are involved and quiet often their ego is larger than their desire for knowledge.
reply
Lol, I'm not wasting time on such people. They will buy bitcoin at the price they deserve.
reply
I think your right. The thought leaders should separate the tech and design from bitcoin in two camps. Arichect vs engineer. like pure math is vs applied math. Achitect will atract the normies by intrigue how it works and fact check how it works at beginner level engineer level as go down the learning rabit hole. As an diverse opensource culture you have a more neutral entrypoint for ever one. My question is. was satoshi an opensource Achitect or engineer or a group of better organised team of both achitects and engineers working with opensouce knowledge?
reply
Say "good luck with that" and walk away.
reply
If anyone even remotely spouts any negativity about Bitcoin now... I says "it's cool, it's not for you, It's for the billions of people that are unbanked around the world. Good day."
reply
Sadly most of these people don't have access to reliable internet access and/or mobile devices.
reply
That's what we gotta fix 🙂
reply
Great advice for an approach for dealing with not-so-smart people, too. The follow-on subject matter and depth may be different, but this approach is well, digestible.
reply
Do they get that inflation destroys savings
The Keynesians' programmed response is that it's good to destroy savings because that motivates people to spend and invest.
and that it's a stealth taxation?
For non-libertarians that doesn't sound scarier than stealth road maintenance.
And really, this is a moral issue that's very intuitive.
No it isn't. If you own a house, does building new houses violate your property rights? No. If you own a gold bar, does mining gold violate your property rights? No. Expropriation and devaluation are different things. Property rights can protect you from the former but not the latter.
Do they understand that it's decentralized?
They do and for them that's a bad thing because it means their best friend the government can't properly punish scammers and other criminals.
That it's digital and that digital things can have value?
Sure: bank accounts are digital and valuable. But what gives them value? They will probably say that it's the government. Also they might point out that everybody can make a new cryptocurrency which should reduce the value of every specific cryptocurrency. If at that point you answer with "Bitcoin is not a cryptocurrency" then you've lost already.
reply
They may be smart, but are they humble enough to listen to new ideas?
Or are they jerks about it and don’t really listen, „know“ all the answers already, etc.?
Plant seeds, yes.
But otherwise, I‘ll only be patient and explain everything from scratch if the person is humble and open enough. Then, it’s not really arguing/defending your argument. It’s more like an explorative discussion where you both enjoy the conversation and time you spend together.
All the others may „buy Bitcoin at the price they deserve“.
reply
Tell them to go read the Bitcoin Standard
reply
Let them be, they letter become the greatest advocate for Bitcoin, case in point Michael Saylor
reply
You can't help everyone understand and people have different timeline before they can fathom what Bitcoin is and can be
reply
I'm tired about discussing bitcoin with people who don't care, I allow them to continue poor.
reply
It takes time, and often people need to hear about it a few times. Usually price goes up draws them in eventually!
reply
It depends on the person, really.
For someone who's smart but interested in an actual discussion, I'll usually try to ask them a lot of questions. Like, if they think Bitcoin uses too much energy, I'll ask them if they ever considered that the average kWh in bitcoin mining is greener than the average kWh in other uses, and I'll ask them who gets to determine what a good use of energy is. If they think bitcoin is too slow and not scalable, I'll ask if they've considered that Bitcoin will be used as an underlying settlements layer.
If it's someone who's really stubborn, then I won't bother engaging in a discussion. I'll just re-iterate the main things I like about bitcoin, say something like "Well, I know you have your issues and criticisms, but I believe this has the potential to revolutionize money." and leave it at that.
reply
deleted by author
reply