Bitcoin Forum

You can't go big promoting Bitcoin to mainstream while network can't handle a significant amount of users. Apart from that Bitcoin imo is working flawlessly.

I consider myself a bitcoin intellectual, and I`m always wondering how can I help the bitcoin economy with my ideas, which I got plenty of. So I was thinking 2 days about why bitcoin (or for that matter other altcoins) is not mainstream yet, and what issues it needs to overcome to be able to grow faster. Some issues that I discovered are practical, while others need the entire community's support in order to work.

So here are the issues I discovered with bitcoin, it's economy, why it is not mainstream yet:

I think your points are valid but the main issue with bitcoin achieving mainstream adoption is just sadly the general public have no use or desire to use bitcoin. To them it offers them nothing worth taking the time to acquire it. I think over time some industries will adopt it but it's going to take time. Even things like computers the internet and mobile phones didn't become mainstream over night and we will have a similar journey.

Then we need to resolve the blocksize debate ASAP.

But even after that, new users won't just spawn out of nowhere and make bitcoin a global currency overnight. They will join us slowly, but for bitcoin to really kickoff we need my issues to be resolved too.

Especially point 2) that i made, that one is very critical.


Most guys are for-profit here, and not everyone is a speculator/investor, most people join from poor places and want to earn bitcoin by their labour & skills, and not by buying/investing it.

I dont think they dont have a desire, they do but they either dont care enough yet (due to laziness or lack of marketing stimulus) or they dont know about it / dont understand it.

This is not like we are inventing the wheel here, we already got a financial system, bitcoin is just an upgrade.

Its like you replace your old black & white phone with touch-screen smartphone. It was done in less than 10 years, and no new phone was invented, only the old phone was upgraded.

I don't really think this is a worthy comparison and is very extreme. It's like swapping your phone for a slightly different model but one that doesn't benefit you at all so you think why bother. This is how most people will feel because bitcoin doesn't really offer my parents or grandparents anything at all. Why would they benefit from using it currently? Sure it's great for the politically minded and us but for every one else it's probably just a liability and unnecessary.

What do you mean it doesnt benefit us at all?

Bitcoin is better in any shape or form that the current banking system.

The only issue i see for consumers is the lack of stores accepting it + the points I addressed in post #1 which is tied o point 1) somewhat.

Yes they wont use it if they cant spend it, and its hard to buy with all the KYC requirements, but other than that its much better in any aspect.

I know people are dumb and lazy, thats why we need to address my point, and with that we can overcome the inertia of the masses.

In my opinion the wallet service providers need to be incorporated with major Bitcoin sites. When you join a new game, and you know nothing about Bitcoin... you account

creation should be seamlessly created for you, with one of the web wallet servers. People should only learn about Bitcoin when they realize it is real money and they can buy

at 150 000 merchants worldwide. People are getting more lazy and wants things easy... They do not want to learn about Bitcoin in 15 hours of research.. Make it simple.  ;D

Bitcoin is better in any shape or form that the current banking system.

The only issue i see for consumers is the lack of stores accepting it + the points I addressed in post #1 which is tied o point 1) somewhat.

Yes they wont use it if they cant spend it, and its hard to buy with all the KYC requirements, but other than that its much better in any aspect.

I know people are dumb and lazy, thats why we need to address my point, and with that we can overcome the inertia of the masses.

Promotion campaigns.... will you people stop trying to turn Bitcoin into a startup ?

Bitcoin as a consumer retail product is currently incapable of competing with traditional alternatives and it will remain so for a couple of years.

Stop trying to sell regular joes onto Bitcoin it will never work. They really don't care and they are very happy with their fiat.

then the only hope to turn average joe to bitcoin, is waiting in the fiat collapse, i'm sure there is something around other than the hope route

primarily you do not need to export all people from fiat to bitcoin, but you need to catch the interest of the most influent, the minus ones will follow

secondarily bitcoin can aim at being a simply good and effective alternative, for those who hate fiat, which i'm sure will grow in number

You are getting close...

Bitcoin will be adopted by rich and wealthy long before "maintstream" catches on to it. By all account this accumulation has already started and should continue.

Don't be concerned with selling Bitcoin to the masses as if somehow that is what will give it value. The masses in general are not so wealthy and even combined the capital they can trust into Bitcoin is infinitely small compared to the 1%.

The 1% don't need apps, promotions campagains, newbie guides, search engines or MORE TRANSACTIONS. Bitcoin as it exist now, as a deflationary censorship resistant store of wealth will serve their interest perfectly as the existing economy erodes and they make their way for the exit.

Good point there, i forgot the herd mentality.

Its obvious that the rich will join the boat first, they always do, they are opportunists, thats why they are rich.

And after they made alot of money, the sheep will then follow their leaders too and join.



However we can accelerate this process, i dont really want to wait 20 years for bitcoin to start, when it can be done in 3-7 years.

Is it? Ideally it would be better, but currently it's not. You can't just say it's better and offer no reasons why. Tell me why would my parents or grandparents want to use bitcoin? Heck, why would my friends even want to use it? It loses value more than it gains. If you get hacked your money is gone for good. You can barely buy anything with it. Why would they use bitcoin when they can just send paypal around the world without fees too and they're covered of anything goes wrong. Bitcoin isn't this magic perfect money machine as much as we want it to be and we need to accept that currently the 99% of people have no use or benefit from it whatsoever and thats going to be the big problem and why I made the phone comparison. People don't need to upgrade their phone if the new one doesn't really offer them any noticeable benefits. There are certainly benefits for certain industries like the remittance market but that's no use to anybody I know.

Seeing as the current financial system is likely headed for a collapse in the coming years you won't have to wait that long. Be careful overselling people on Bitcoin as we are now experiencing the damage false expectations can have in regard to the block size debate and the anger of those who thought Bitcoin was a replacement for VISA.

Undersell, overdeliver.

That is why the adoption phase has to be careful, if we make a bad impression on the mainstream people, then we might lose momentum.

Who know what kind of crap demonizations they figure out next time (i mean the mainstream media) to demonize and halt bitcoins progress.

We need to take a more friendly and factual marketing style. For example the bitcoin v2 youtube video is pretty damn good, but I dont think that will catch most people's interest, who aren't already interested in fintech.

Sorry but we also need to take a populist style, so all promotional videos can reach all kinds interest of people, or make more videos for each people.

EX:

-Women:  Show them the social side of bitcoin, how can you transfer money to your friends, or if they are mothers then they can accept donations for their children. This is a  good marketing side

-Teens: Show them how easy it is to earn money autopilot, or just to some small tasts and earn money. All teens are broke and they need some purse money to go out with the friends, so it is a good approach.

-Wealthy: Show them how secure bitcoin is, and how they can safely store their wealth digitally, and that after 2016 bitcoin will have the lowest inflation rate amogst all currencies

etc... you get the idea. Each group like different sides of the bitcoin, but the differences makes the community nice and diversified.

I think this is the right approach to promote bitcoin

3) Lack of a good guide to newbies

This forum is great to learn bitcoin, but i still feel that the information about bitcoin is too scattered, and people are lazy to learn it all in pieces.

ex: newbies still asking how to mine bitcoin with laptop (which tells us that they dont have the knowledge, nor a source of knowledge available to them to learn the basics)

We either need a solid e-book/normal book, or a more summarized site (perhaps a good promotion of the en.bitcoin.it wiki site), because I find the bitcoin.org site a little bit hard to understand.

I think a professional website building team needs to look at the bitcoin.org site and make it much easier to understand and go through it, and perhaps it can be expanded better with more information about well established sites

I think the main problem with Bitcoin is people is too dumb the see the necessity for it, so most people will keep using fiat currencies because most people don't have a problem with it, only people whose see a real necessity to use Bitcoin (beyond buying it and holding as an investment) will actively use it. Other than that we'll need more time to see the fiat system collapse more to get Bitcoin in the starlight. And anyway people will end up using it even if they don't know they are using it so we already winning as early holders. You are basically investing in the base of the next gen infrastructure by holding BTC.

Well the recent news about gavin and the rest of the developers having a argument is not helping bitcoin only hurting it. just look at the price its rocketed down to something which a lot of people are concerned about.

people are afraid at the moment. the forums stats show that there is a 50% decrese for this time last year in posts and members registering.

unless they can work this out fairly shortly its going to continue to damage bitcoin

I'm a teen and i can approve this  ;)
I need some extra money to buy some stuff but i don't see any good method to earn bitcoin that is friendly to teens
The only good method that i found so far is sig campaign, and it hasn't gave me much money :(

Apart from books explaining how bitcoin works, how about actually build projects that fit within the mainstream usecase which introduces them to bitcoin, projects like Bitcoin Billionaire (gaming) or GetGems (instant messaging). Mainstream is much more familiar with these.

Books help but if you want to attract much more users (especially the youth who are much more into digital tech) introducing Bitcoin through attractive apps/games is the way to go and more effective.

Well nice spirit! I appreciate this.

Anyway, i have a criticism about point 2 and 3.
Point 2: Earn bitcoin method is pretty much i think, sig campaign, faucet, do task, giveaway, PTC, wor for bitcoin, sell stuff for bitcoin. People just to lazy too hard work for earn bitcoin.
Point 3: I always make a direction which people can learn more about bitcoin, how it's work, how to use. And still... people too lazy to read, why? because they're not really interested about this technology, they just want free money, it's happens to me when i tried to teach my friend about bitcoin.

At present there's really no reason for a first worlder to make use of BTC.

There are however a few hundred million or more others who are also online and are capable of doing jobs that can be paid in BTC.

It gives them the possibility of developing their own online economies that'll eventually be fed back to people in Europe, the US and elsewhere. That's who it should be pitched to.

it is a good read OP, well done. i agree especially with number 3 "Lack of a good guide to newbies" i feel like there should be better step by step tutorial to help a newbie get started with bitcoin by showing these steps:
1. making a secure wallet
2. buying
3. spending
the rest is just additional information that anybody interested in bitcoin technological detail can search and find along the way.

additionally, in my opinion one of the biggest issues that bitcoin is facing is its highly volatile price. and this is the biggest reason that would turn a lot of new users away from using bitcoin.

I think the problem here is most people doesn't really care about what is really going on in the online world. It's like 70% of people who knows how to use the web doesn't even spend an hour in doing something productive. Most of them chooses to waste their time in social media that they don't even know what really is going on.

 Another thing is bitcoins needs more investors in it. More advertising and a view on media. They might realize what they are missing if only they know the benefits.

I think the problem here is most people doesn't really care about what is really going on in the online world. It's like 70% of people who knows how to use the web doesn't even spend an hour in doing something productive. Most of them chooses to waste their time in social media that they don't even know what really is going on.

 Another thing is bitcoins needs more investors in it. More advertising and a view on media. They might realize what they are missing if only they know the benefits.

We should educate average internet users about bitcoin, advertise a lot....

Nice summary of topics that bitcoin is lacking in order to achieve critical mass.
However most topics are about informing the general public about bitcoin and promoting its use cases.
These topics can be addressed by the community as identified by your list.
However; it will be mainly new businesses who see an opportunity in these bitcoin use cases and who will invest and promote their use case to the general public.

Bitcoin will not go mainstream I guess, it's just interesting for some geeks and traders like us.

Nice summary of topics that bitcoin is lacking in order to achieve critical mass.
However most topics are about informing the general public about bitcoin and promoting its use cases.
These topics can be addressed by the community as identified by your list.
However; it will be mainly new businesses who see an opportunity in these bitcoin use cases and who will invest and promote their use case to the general public.

Damn I forgot about this thread :D

Well I have to maintain it, so I added a point 8] Bitcoin lending.

It is also crucial to have a stable lending system (filtering out scammers), because its a good opportunity to increase the BTC economy & membership.

(Hopefully some entrepreneurs read my thread and absorb my ideas)

While I think bitcoin lending is a great idea and will definitely be needed, it is a recipe for a new age of banks.

The only thing banks will be used for in the future is lending money, safe keeping is not required anymore and cahs distribution is not required.

But that's a great transition. Let's face it, you cannot get rid of the banking system.

However you can reform it, and with bitcoin you can get rid of fiat money, while still keeping the banks as allies.

You dont want the banking system as your enemy, so keep them your allies with this new form of capital based lending (not fiat money ponzi schemes)

Sounds good. I guess we need larger institutions that can actually enforce loans to be paid.

Current lending services are just crying to get people scammed, I guess some form of ID will always be required for lending to avoid getting scammed.

One BIG promotion or gaming tournament with huge prize money, would push Bitcoin adoption through the roof. The only problem is, most people are in this for the profit.. not to

fund a $1 000 000 prize pot. Someone should start a crowd funding to sponsor something like this and then find a platform to run this on.

If one major game adopt Bitcoin as a in-game payment option, things will change quickly. Has anyone attempted to approach them? Blizzard / Midway / Westwood Studios / SNK

Relic / Ubisoft / Origin Systems / PopCap Games / EA / Nintendo ..... We only need one.  ;) ... the rest will follow.  ;D

Bitcoin will not go mainstream I guess, it's just interesting for some geeks and traders like us.

Bitcoins , though being an awesome currency are still not considered to have a place on the mainstream line. Here are some of the reasons for it.
(1) It is still not used widely , many people are still not using it as being used less in their territory or country.
(2) Bitcoins still don't have any official management community, this creates problems for the people as scams and frauds are getting increasing and there's no official community to look after it.

That's true, there are still many countries who are still not aware about the bitcoins and the people who are highly educated but still not aware about the bitcoins and if they have heard the word bitcoins but haven't used it, and that is the reason bitcoin is lacking behind so once it is widely used and accepted it would go and hit the mainstream.

I guess that we can already consider that bitcoin is going mainstream! This year all along we have seen large investments being made in the industry. If bitcoin is not going mainstream, the Blockchain is.

We need some TV advertisement about bitcoin, to show how easy it is to spend bitcoin to buy goods and tell people that bitcoin is accepted in many shops.

Thats the problem the blockchain is going not bitcoin.

And bitcoin is constatly being demonized in the meantime.


Sure but a social media campaign would be much cheaper and more effective.

But do you see any other blockchain going more viral than bitcoin is? I mean why would people adopt any blockchain without it being open source?
Besides bitcoin mining network is currently the most powerful hashing network that there is. No way any bank can recreate the security that bitcoin has already developed.

But that advertiser is being targeted at wealthy investors, not at everyday people.

Who reads financial magazines? Middle class and above.


What about 60-70% of the lower income class people? Nobody is advertising it to them.

last I heard genesis mining is advertising on billboards. And the information in the financial magazines are not promoting any other blockchain, but the technology itself, meaning bitcoin is the first and the most successful one of them all. Even if financial magazines would promote bankchain, I bet bitcoins community would call them out on it. I mean We've got the hashing power to back the security we're open source and operating on consensus.

Bitcoin doesn't need promotion, it just needs the mainstream media to stop spreading FUDs about Bitcoin. Most governments have not yet announced their regulations implemented for Bitcoin. Without implementation, average joe wouldn't want to test out Bitcoin as it may become restricted in the future.

The only ways I know are: signature campaign, gambling, selling goods and services and faucets. If we find a way to improve these aspects of Bitcoin, the industry would definitely expand.

Maybe lack of gimmicks or lack of need is a big reason.  Mainstreamers are sheep they dont do things unless its fun and simple or they get something out of it which is very easy to understand.  They dont understand the need to take away money from gov at this point.

You can't go big promoting Bitcoin to mainstream while network can't handle a significant amount of users. Apart from that Bitcoin imo is working flawlessly.

Bitcoin is just 6 years old. It is still in early stages. It will take a few more years for it to be more widely used.

I think the main problem with Bitcoin is people is too dumb the see the necessity for it, so most people will keep using fiat currencies because most people don't have a problem with it, only people whose see a real necessity to use Bitcoin (beyond buying it and holding as an investment) will actively use it. Other than that we'll need more time to see the fiat system collapse more to get Bitcoin in the starlight. And anyway people will end up using it even if they don't know they are using it so we already winning as early holders. You are basically investing in the base of the next gen infrastructure by holding BTC.

Bitcoin will become mainstream in time...OP, are you desperate to get rich in the next 10 years? :P
Let's not rush it people, Patience is a virtue! ;D

Bitcoin Foundation, the Developers, or even this forum could organized promotion/marketing campaigns for it.

Yes. It is still in it's infancy compared to 100-200-300 year old currency.
Let it mature then it will be appealing enough for everybody to use in their daily lives.
The developers have already made it easy enough to just swipe and go using apps. So the simplicity is there.
Now just need more of the major players to adopt it in their corporate plans then it will be all good in the eyes of world.

monetising comments does not work..

just look at the crap content people who do sig-campaigns write,

as for the work at home stuff..
90% of work at home stuff are the MLM pyramid scams. where people only really make money but taking a recruitment fee from others being promised would make money,
its not a proper job and hopefully bitcoin stays well clear of MLM's.

however, people having access to wholesale priced goods and drop shippers would allow people from home to set up webshops that sell actual products.

bitcoin is missing this as the supply chain.. there are no good suppliers who accept bitcoin so selling something for bitcoin is tough, making the list of possible products sold for bitcoin limited.. and then having to convert the bitcoin to FIAT to buy new stock is a bit of a headache sometimes.
most of the time it requires business bank accounts and declaring tax(sales/VAT), which is something work from home businesses cant really deal with in the first year, as they are only making pocketmoney incomes.

however if there were more product suppliers accepting bitcoin then it would make selling products for bitcoin much more easy, and then people being paid a wage in bitcoin would find less need to buy household stuff with fiat, and thus need to convert less bitcoin. and same for the retailer.

at the moment bitcoins struggle is its usefulness for real life stuff..
forget gimmicks like comment incentives.. thing more, weekly grocery shopping..

if we can make it easy to feed and clothe people using bitcoin and so that anyone can start up their own web store selling products locally without conversion hassles.. then bitcoin can move closer to mainstreaming

Bitcoin is just 6 years old. It is still in early stages. It will take a few more years for it to be more widely used.

to: RealBitcoin.
about PR
give me examples of what message you want to advertise..
give me 2 sentences

about advertising
what are you advertising. is it a straight forward, easy, legal, and safe way for people to purchase bitcoin..
after all there is no point advertising pizza if the customer asks how can they pay, and the pizza shop says we dont accept bank notes or credit cards. only wire transfers to x,y,z who ask for your life story.

so im all for expanding bitcoins usefulness. i have helped many projects,,many businesses and many individuals.. but lets see your idea's in action and i can point yo in the right direction and tell you if your trying to broadcast the right message to the right demograph of the population.

I consider myself a bitcoin intellectual, and I`m always wondering how can I help the bitcoin economy with my ideas, which I got plenty of. So I was thinking 2 days about why bitcoin (or for that matter other altcoins) is not mainstream yet, and what issues it needs to overcome to be able to grow faster. Some issues that I discovered are practical, while others need the entire community's support in order to work.

So here are the issues I discovered with bitcoin, it's economy, why it is not mainstream yet:

1﴿ MARKETING: Lack of organized promotion campaigns

Bitcoin Foundation, the Developers, or even this forum could organized promotion/marketing campaigns for it. They already receive donations, or we can do a crowdfunding, and with the money we collect, we can spend it on billboards, flyers, google adsense, youtube ads, facebook ads, twitter ads, or any other type of advertising systems.

Bitcoin lacks members, and I bet most people still didn't heard about bitcoin or don't understand what bitcoin is yet.

I believe bitcoin only has the "tech" side in for now, but more people are potentially interested, they just dont know about bitcoin, or are too lazy to research it deeply (without a lot of stimulus from ads) and just shrugged it off by default.

We got already the nerds, geeks, and other technical people in our community, now we need to bring in the "work at home" , "make money online" , the gamers (gaming is a 180b $ industry), the stay at home new-moms, the unemployed 20-30 year olds, and the high-school teens into bitcoin.

So far we got only 2 communities, so we need to expand it more, while I'd focus personally more on the gamers (MMO gamers & mobile phone app gamers) and on the "earn money online" type of people, which brings me to the 2nd. point

2﴿ PUBLIC OPINION: Lack of a PR team to improve bitcoin's public opinion

Public relation's is important to manage negative publicity and cast positive light to bitcoin in front of the eyes of the mainstream. Bitcoin has a lot of negative publicity: scammers, thieves, and other criminals putting a bad reputation to bitcoin, and the media spins this and demonizes bitcoin further.

We need a positive PR team who organizes festivals, campaigns, conferences, or any other types of events that can boost Bitcoin's public opinion, and explain to the public that bitcoin is good.

Some sort of charity organization or fundraisers could really boost bitcoin's PO and show the mainstream that bitcoin can be used for Good too!

We really need this because many people just disregard bitcoin by default, because they heard that bitcoin is used by criminals (yes a small fraction), but what about the honest people that use bitcoin, we need to find positive things in bitcoin and put them forward for the public to see the bitcoin is a wonderful thing after all.

3﴿ INCOME: Lack of earning bitcoin methods & bitcoin jobs

Bitcoin's economy is still new and fragile, we already got a base in how to spend your bitcoins, 100,000 merchants already accept bitcoin, but we barely got any ways to earn bitcoin, currently these are the most common methods to earn bitcoin by starting from 0 BTC:

-Faucets & task sites
-Sig campaigns
-Few Services & Selling Products

Which is too little, i suspect that most newbies come here to earn bitcoin, and they will be very dissapointed when they see that without any good understanding they will only earn a few 10,000 of satoshis.

Bitcoin needs more methods to earn them, because the "make money online" type of people would really want to join our community, but because there are not many methods to earn bitcoin now starting from 0, they will be disappointed.

So we need more entrepreneurs, finding good solutions and offering more jobs & minijobs to bitcoin newbies

4﴿ EDUCATION: Lack of a good guide to newbies

This forum is great to learn bitcoin, but i still feel that the information about bitcoin is too scattered, and people are lazy to learn it all in pieces.

ex: newbies still asking how to mine bitcoin with laptop (which tells us that they dont have the knowledge, nor a source of knowledge available to them to learn the basics)

We either need a solid e-book/normal book, or a more summarized site (perhaps a good promotion of the en.bitcoin.it wiki site), because I find the bitcoin.org site a little bit hard to understand.

I think a professional website building team needs to look at the bitcoin.org site and make it much easier to understand and go through it, and perhaps it can be expanded better with more information about well established sites

5﴿ DATABASE: Lack of a bitcoin search engine

This is a good idea I have, is that if bitcoin is to be a real global currency, it needs a search engine, perhaps not like google, but in a form of encyclopedia with all the bitcoin related websites and services in it.

I find it frustrating that every site in scattered in the internet, there are so many good bitcoin related sites, that due to promotion are barely known, for example like this ones:

http://bitcoinclock.com/
http://www.bitlisten.com

So either an encyclopedia with categories (that should be included in bitcoin.org so that everyone would know it) or a new search engine that only searches for bitcoin related sites.

6﴿ GLOBAL ECONOMY: Lack of a major global financial-economic crisis

Unfortunately I believe this is the most needed in order for bitcoin to be really adopted. Fortunately or Unfortunately this will happen soon due to the fiat money's ponzi nature, but if we are not prepared until then then bitcoin might miss this golden window of opportunity!


So bitcoin really needs to have an established merchant network, tons of ways to spend it, and more importantly ways to earn bitcoin before the crisis happens. We dont just want bitcoin to be only a savings currency, but also a spendable real currency for goods & services.

7﴿ SOCIAL ASPECT: Lack of a more integrated & united community

So far bitcoiners are only obsessed with their own money, and how to earn more bitcoin and how to scam people. This needs to stop, or atleast partially, and we need to focus more on common goals. The community has to be more integrated and more united in common goal plans such as 1) & 2) . They should be for-profit, I`m not saying that this should be a free venture, but I belive we need more cooperation between members to let more projects be born.

For example a brainstorm session can be easily integrated in this forum too, and then an entrepreneur would pickup those ideas and realize them.

So:  participation, integration, cooperation, and unity is the key to this community to survive in the long term!


8﴿ LEADERSHIP: Lack of social Idols promoting/endorsing/using their influence to help bitcoin

Social idols: popstars, musical bads, trendy people, dancers, tv celebrities, movie stars ; are like magnets in a society. People look up to them regardless of what they teach. Social idols have a charisma that attracts people up to the point that they can influence huge masses.

Bitcoin lacks social Idols, or atleast it has few of them , I know of only Mike Tyson.

You know all the advertisements having celebrities in it endorsing all types of products and services. We need this too with bitcoin.

Now obviously an advertisement contract with a celebrity would cost millions of dollars, so it's probably too expensive for our community (but hey if an angel investor wants to try it , it is doable).

But I think a better approach is Myke Tyson's approach. So he found a business with bitcoin where he will make money, and he is promoting his bitcoin business , and by that he is also promoting bitcoin.

I think this is the correct way to approach celebrities, we need somebody to contact them, make them build a bitcoin business, and then via their influence, they can get tons of new people into bitcoin.

Celebrities have influence, and need money. Bitcoin has money opportunity, but needs needs influential people to promote it. It's a win-win situation.


9﴿ CAPITAL EXPANSION: Lack of a stable lending system

Lending is crucial to any economy, and here we are talking about lending from capital (not printed money), so we need a lending system that protects lenders from scammers. Currently we have some lending services, where people could lend, but they are full of scammers. Even if you have the scammer's personal info, you cannot sue them for 50-100$ because the legal fees would be too high. So even if the scammers scam people out of 50-100$, they get away with it, so it gives a bad reputation to bitcoin lending.

We need a more strict lending system, and a better reputation system for lending. If we get this then bitcoin lending will be one of the biggest international industries out there.

Lending generates income for the lenders (who can use it as a good source of interest income), and the loan takers are also better off since they can get loans internationally, without capital controls, and without any other fees involved.

This can increase the bitcoin economy enormously: the bitcoin businesses, the bitcoin membership (people would be interested in bitcoin savings accounts or bitcoin international loans), and the bitcoin market cap.

---

Alright these are my ideas,suggestions, opinions about bitcoin, and if you really want bitcoin to take off, then I believe these issues should be addressed seriously.



Thanks for reading it through, if you liked my ideas feel free to tip me at:

http://realbitcoin.tip.me

 It's growth may be slow, but it's organic, if that makes any sense.  Less fluff, less 'ads' is better imho.

Exactly my opinion. I think it will take quite some time to break into the mainstream unfortunately as sadly most people don't really have any real use for btc over their fiat and see it as a risky venture. I think it will gain traction in certain industries like gambling and remittances first and hopefully it becomes the first worldwide currency at some point. That would be awesome.

Don't mind them too much.  You really can't change a person's mind about something unless he/she is open to new ideas.

My suggestion in helping Bitcoin's growth...  Start them young.  Someone ought to build a Bitcoin start up for kids.  There could be a lot of growth in that demographic. 

I consider myself a bitcoin intellectual,

1﴿ MARKETING: Lack of organized promotion campaigns

2﴿ PUBLIC OPINION: Lack of a PR team to improve bitcoin's public opinion
3﴿ INCOME: Lack of earning bitcoin methods & bitcoin jobs
4﴿ EDUCATION: Lack of a good guide to newbies
5﴿ DATABASE: Lack of a bitcoin search engine
6﴿ GLOBAL ECONOMY: Lack of a major global financial-economic crisis
7﴿ SOCIAL ASPECT: Lack of a more integrated & united community
8﴿ LEADERSHIP: Lack of social Idols promoting/endorsing/using their influence to help bitcoin
9﴿ CAPITAL EXPANSION: Lack of a stable lending system

Clearly you are a bitcoin MORON, not a bitcoin intellectual.  

If you build a better mousetrap, people will beat a path to it.  Bitcoin doesn't need marketing.  Public Opinion means nothing.  The minute bitcoin has an advantage for use, it doesn't matter how bad its reputation, people will use it anyway.  

You are a million miles from 'intellectual' status.  Keep trying.

Of course it needs help, without those steps being fulfilled bitcoin will remain forever at the 200-300$ price range.

Completely wrong.  If Bitcoin provides an operational advantage, the value will go through the roof.  Those 'steps' you describe are just plain stupid.  You are probably stupid as well. 

There, you have your argument first and insult later.  Better for you?

Ok you are reported. You do not belong to this thread, you are just insulting and making fun of an intellectual debate here, bye.

No!  Please!, tell me you didn't!  You reported me?  Oh shit.  This is terrible.  Why did you do that?!  What is wrong with you? 

Listen - let me say it just one last time: you are not an intellectual.  You are a moron.  You don't know what you are talking about.  Bitcoin has way too many dumb people.  You are fucking up the whole thing.  Just shut up and try to learn something.  Stop talking.  This will help bitcoin more than anything.  We have to get the dumb people to leave the community.  Then, maybe the price of bitcoin will go up.  As long as you are here - probably gonna stay below $300. 

Ok you are reported. You do not belong to this thread, you are just insulting and making fun of an intellectual debate here, bye.

I just noticed your stupid fucking avatar.  People who think NXT is interesting are the highest form of morons.  NXT is very stupid.  You are a sucker because you don't understand technology - and run around telling everyone you are an intellectual. 

One way you can tell a true intellectual - they never point out that they are an intellectual.  Get it moron?

You will get banned. You broke now 3 forum rules:  

• Insulted me 3 times
• Posted in my thread after I told you 2 times to leave
• Trolling and mocking me

Completely wrong.  If Bitcoin provides an operational advantage, the value will go through the roof.  Those 'steps' you describe are just plain stupid.  You are probably stupid as well. 

There, you have your argument first and insult later.  Better for you?

Well, i maybe dont agree with rawdog style but in my opinion he is right like never before. Bitcoin, like any other currency (yes, for me Bitcoin is currency, i use it to buy or sell other things) need to be used if we want to give more value to it. Merchants and services will never adopt it as payment option if we dont use it frequently and average Joe will never use and buy bitcoin if he cant spend it.

I think merchants will adopt bitcoin if many people ask them to accept bitcoin & there's bitcoin payment system which allow merchants to accept bitcoin easily.
So, we need bitcoin payment system such as BitPay or Coinbase & high demand of payment with bitcoin.

Well, i maybe dont agree with rawdog style but in my opinion he is right like never before. Bitcoin, like any other currency (yes, for me Bitcoin is currency, i use it to buy or sell other things) need to be used if we want to give more value to it. Merchants and services will never adopt it as payment option if we dont use it frequently and average Joe will never use and buy bitcoin if he cant spend it.

I think merchants will adopt bitcoin if many people ask them to accept bitcoin & there's bitcoin payment system which allow merchants to accept bitcoin easily.
So, we need bitcoin payment system such as BitPay or Coinbase & high demand of payment with bitcoin.

Ok added a 10th point to my suggestions: Women.

Yes we need more women to join, because they are magnets to men. If we can get only 1000 women to join, then at least 10,000 men will join too to compete for the pussy.

Yes these are facts, this is nothing trivial, women are magnets to men, if you can get women interested in bitcoin, many men will come to impress the women, with bitcoin.

Bitcoin has to become a sex symbol like 6 pack abs, so that every men should work to get them :D

I think merchants will adopt bitcoin if many people ask them to accept bitcoin & there's bitcoin payment system which allow merchants to accept bitcoin easily.
So, we need bitcoin payment system such as BitPay or Coinbase & high demand of payment with bitcoin.

For that we need to take an initiate and keep on asking merchants every now and then that do you accept bitcoins? do you accept bitcoins?? that will make him to think twice, if he is aware about the bitcoins he will take further steps and if he is not aware he would atleast try to know what bitcoins is all about So unless we don't take first step it would never gonna work.

I made a mistake earlier calling you a 'moron'.  Sorry about that.  What I really meant was 'stupid fucking moron'.  I am sorry I insulted all the high functioning morons by including you in their group. 

What an idiot.  What are you about 16 years old?  Never had any pussy?  this is all you think about all day?  This is what you value women for?  Making your bitcoin profits go up?  No wonder a women never let you get near her.  Enjoy your very long life without ever getting laid.

I dont know what I did to be treated so disrespectfully, but you are getting banned, I sent a letter to admin, hope he reads it fast before you make any more damage here.

For that we need to take an initiate and keep on asking merchants every now and then that do you accept bitcoins? do you accept bitcoins?? that will make him to think twice, if he is aware about the bitcoins he will take further steps and if he is not aware he would atleast try to know what bitcoins is all about So unless we don't take first step it would never gonna work.

Oh shit!  Not that!  You didn't really - did you?  Please don't do that.  I am so sorry I take it all back.  Please forgive me.  I couldn't stand to be banned for being naughty.  Anything but not a ban.  Oh I do hate when someone is so hurt by my naughty words.  

Fuck off you moron.  If you just wise the fuck up - I might consider not calling you a moron.  If you keep filling the forum with your dumbass ideas, you'll be called far more than a moron.

Moron.  

[well, I guess that means the admin hasn't seen your message yet.]

Ok let's get back to topic, enough time wasted already with trolls.

Look another interesting article:
http://cointelegraph.com/news/115642/how-to-find-sponsors-that-will-pay-you-to-travel-using-only-bitcoin

We definitely need more articles like this, or a central repository (something obviously better than bitcoin wiki, as its not that service oriented), that can contains thousands of tutorrials and guides like this to use bitcoin in real life.

Few of use have the determination to go full bitcoin, because few merchants use it, but if we can link the supply & demand togeter we form a big enough market for this to just work.

There are millions of bitcoin users waiting for merchants, and there are millions of merchants waiting for (any) users. We need to link them together, and the link is bitcoin.

Pure, unadulterated idiocy.  Moron.

The problem is that people cannot understand the concept of bitcoins and think it is a scam since the founder's identity is not known and they can't file charges to anyone if anything goes wrong.

I think we should teach/promote facts about bitcoins to people instead of marketing it as in investment.

constructive post, my friend.

People who go full bitcoin most likely have a stable income in bitcoin and they just use the prepaid card workaround for everyday expenses. But that doesn't really promote bitcoin as much as merchants using it as a payment option

Also I don't think that we have that many users and merchants. One porn site had 5% of its purchases made in bitcoin. Don't really recall the news article that I read, but if we could get 5% of the worldwide adoption, then the project would be mass success(not saying it isn't already). 5% would mean quite a lot of adoption. My guess is that it's just a matter of time and educating other people about bitcoin.

2﴿ PUBLIC OPINION: Lack of a PR team to improve bitcoin's public opinion

Public relation's is important to manage negative publicity and cast positive light to bitcoin in front of the eyes of the mainstream. Bitcoin has a lot of negative publicity: scammers, thieves, and other criminals putting a bad reputation to bitcoin, and the media spins this and demonizes bitcoin further.

We need a positive PR team who organizes festivals, campaigns, conferences, or any other types of events that can boost Bitcoin's public opinion, and explain to the public that bitcoin is good.

Some sort of charity organization or fundraisers could really boost bitcoin's PO and show the mainstream that bitcoin can be used for Good too!

We really need this because many people just disregard bitcoin by default, because they heard that bitcoin is used by criminals (yes a small fraction), but what about the honest people that use bitcoin, we need to find positive things in bitcoin and put them forward for the public to see the bitcoin is a wonderful thing after all.

I'm sorry, I find the point that you've added here quite ludicrous. Bitcoin is simply a decentralized currency, there shouldn't be a PR team trying to pump it. I think organisations like the Bitcoin Foundation are grossly out of their depth, indeed, they've screwed us over quite a lot like I said earlier in the thread mentioning how a board member stated they were at one point "essentially bankrupt" due to frivolous spending. The point of Bitcoin is not to hire a damn PR team. If Bitcoin becomes truly successful then we have succeeded, we do not need a PR team so we can get Bitcoin "mainstream" to increase the price for all these greedy speculators.

It can become succesful without it too, I`m not saying that these are critical requirements.

However why not speedup the process? Why wait 30 years to become mainstream when we can do it in 5 years?

We know that advertising and marketing works, why not use this tool to speedup bitcoin's progress?

http://static.adzerk.net/Advertisers/5af77cf0094d4303bb308b955dd05992.jpg

In all fairness, anything more than that is a joke. If you just want Bitcoin to become mainstream and then lose the ideals behind it, then go ahead. But who is going to pay for it? Again, it'd be something like the Bitcoin Foundation, and a lot of people in the Bitcoin community do not agree with them.

Hahaha that picture is not exactly the best marketing material :D

Well look my opinion is that bitcoin has to have some sort of organization, not necessarly a leadership as I see many people dont like that, but some basic organization.

For example like this forum. Without this forum there would be hardly any use to bitcoin.

So the scenario of headless chicken running around and screaming bitcoin to the world is not the best promotion either. So I think a PR team therefor is highly recommended.

I assure you that Bitcointalk is not all there is to the Bitcoin community, although it is a large part of it. I see plenty of people pop up on chatboxes on Bitcoin-related websites who have never even heard of Bitcointalk who have found the site through other sources. There are plenty of other forums as well. We don't particularly need to start trying to hire a PR team, Bitcoin becomes more and more legitimate each day on its own.

Ok but BCT is currently the biggest influence there is, this might change in the future if other forums take over, but currently this is the stance.

Again you dont understand my words, I dont say that marketing is crucial, I`m only saying that it can accelerate bitcoin's growth, so why not use it?

Do you prefer using campfire or oven? Washing board or washing machine?

Why not use the best tools available to help bitcoin? Why waste time and energy?

You have no source for this.

And then what? We "market" Bitcoin and make it look like a Ponzi scheme? Do you know how dodgy it will look if suddenly this PR team starts pumping Bitcoin out of nowhere?

These are not the best tools. That's like saying if you have a problem with Judaism you should kill the entire race because it's the best option aaaaaaaand just like that you're Hitler. Granted, it's an extreme example, but your point is kind of silly.

Really then what about the last hacks and DDOS-es of the forum. The price went down immediately after.

So you basically admit that advertising is useless and it has never helped anything?

Do you really think that a competent marketing team cannot promote bitcoin it a normal way?

Whats with all these ponzi scheme arguments. You youself degrade bitcoin by this, because you also admit that bitcoin is a ponzi scheme by saying this.

We market bitcoin as a new form of currency, and tell the truth only. There is nothing shady in telling the truth. It doesnt have to be misleading in any way.

Thats a very fucked up response,I wont even respond to this.

Thats a very fucked up response,I wont even respond to this.

I will keep reporting him until he gets banned, its annoying that because he is a hero member he thinks he can do anything he wants, and get away with it. Moderators really have a big discriminatory policy here against ranks.

The problem is that people cannot understand the concept of bitcoins and think it is a scam since the founder's identity is not known and they can't file charges to anyone if anything goes wrong.

I think we should teach/promote facts about bitcoins to people instead of marketing it as in investment.

Get Ron Paul or Rand Paul to start talking more about it in the media.  Lots of people listen to Ron Paul's views of the economy.  He would be a valued celeb to advocate it...

That's not a source that says Bitcointalk is the biggest influence there is on Bitcoin.

No I don't admit bitcoin is a ponzi scheme, it isn't. What a ridiculous argument, trying to put words in my mouth. I said that getting a marketing team to promote a cryptocurrency not your personal investment would make it look like a scam (ponzi scheme, pyramid scheme, etc). It's very easy to make an uneducated person think Bitcoin is a ponzi scheme, even though it isn't. And I don't think we need a PR scheme for simply promoting it like the people who use Bitcoin already do.