Bitcoin Forum

I mean like on your local TV/radio stations, billboards,... Where the ad would 'simply' explain the concept and its advantages. Could this help to make bitcoin more popular?

EDIT: Or an even better question: should we try to make bitcoin more popular?

Ofcourse it will. If it will be advertised on the media then those who has no yet idea of what bitcoin is might take interest in it , so them trying what vitcoin is an addition to the bitcoin community. Bitcoin is not yet "that" popular because it has not reach every person in the world yet but I'm sure that once they heard it and the pros of using bitcoin , there will be more people adapting in using bitcoin as a currency.

Advertising's kinda wishy washy. Pay Apple a few billion to only accept bitcoins for the next iphone. Then we'll see some action.

Yes, but isn't the problem with the blockchain getting too much transactions that there are moments where the blockchain gets congested with transactions because of too many people using the blockchain? The problem was due to the maximum block size. I know that a while ago there were some arguments between pros and contras for raising the block size limit, but not sure if there's any more news recording these arguments...

It will probably exposes bitcoins potential and more people will use bitcoin, buying then the price will go up in my opinion.

Regarding the congestion in blockchain, i guess if the blocksize
Increase the congestion will decrease but still slow.

I agree. Bringing more people in would help also improve liquidity and stability of bitcoin prices...

My experience has been that there are 2 categories of people that are hardest to get through to: people who know you too well, and people who don't know you at all.

The middle-ground has rendered more converts/fair hearings than the two extant categories combined: people who know you well enough to trust your opinion, but not so well that they have stereotyped your character.

So, maybe you need just enough trust, but not to be over-familiar. So using traditional advertising for Bitcoin itself doesn't seem like a natural fit, but some niche radio stations do exactly that ("liberty" themed talk-radio, for instance), so it can work depending on how receptive the audience might be as a result of the type of programming the advertisement runs in.



Indirect promotion could potentially be even more effective too. Discounts for Bitcoin purchases, freebies with BTC purchases, maybe a Store/Loyalty card with extra rewards for BTC use, etc etc.

Yes surely it has an impact on BTCitcoin popularity and makes it known better in general but in regards to billboards, it can't be the same since simply explaining the concept and its advantages takes a lot of it's space and those who design billboards try to have less text as possible together with an attractive brand logo instead but still could be used as a promotional tool. On the other had TV and Radio has a great impact when it comes to drive attention to new users.

If you want more people know about bitcoin and want the price of bitcoin increase, yes we should make bitcoins more popular. And no ads about bitcoin on my country.

Yes, i do see some shops here where they do give a discount should you buy with bitcoins :) would be great if more shops would do something likewise.

Yes, the billboard may be considered a stupid 'brainfart' :p. But yes, as you said, during commercials, somewhat a decent explaining video to promote bitcoins... Would be a nice promoting tool, but who is to do something like that?

Yes and no.

The best way to allow more tx/s is to make the transactions smaller, not make the blocks bigger. Sure, eventually the limit will go up, but the developers will make every other possible change before that.


The reason for that is that putting the blocksize limit up comes with costs as well as benefits. Fewer people would run the Bitcoin Core software (because the internet and hard disk space usage would go up by the same multiple you increase the blocks by). That would harm Bitcoin's monetary properties: we need the maximum number of people running Bitcoin to help keep the miners in line.

It's kind of a difficult trade-off: we want more people in Bitcoin because that will help more people find their financial sovereignty, increasing the overall Bitcoin economy (as well as increase the exchange rate). But doing that using the blockchain directly causes the structure to slowly morph into a centralised system instead, risking the freedom that made Bitcoin attractive to begin with.



So, making the transactions smaller was what the Bitcoin Core team decided on, essentially. The bigger blocks will still come eventually, but only after every other way to increase transactions has been added in.

just to point out to the know-nothing i quoted above
a traditional bitcoin transaction is 500bytes on average.

yet the physical hard drive storage of a full node using segwit+confidential payment codes while remaining at the 1mb maxblocksize. is estimated at 2.85mb per block for upto 3800 transactions of real data storage needs..

yet

a 2mb maxblocksize allows for upto 4000 traditional transactions for only 2mb...

which totally debunks all data bloat doomsdays and all pretense including the statement by carlton. because, if a segwit+confidential payment codes is not network heavy. obviously a maxblocksize increase is not either... simple maths 2mb is less than 2.85mb

the only reason blockstream dont want the 2mb now is because they want to use it to hide the bloat of CPC, because they need the 2mb maxblocksize just to try keeping to the estimate of 3800 txs, after the CPC is activated, other wise we would see less transactions per block capacity.

i did laugh thinking that carlton really believes that adding more flags for LN and the extra bytes needed for CPC was their attempt to make transactions thinner..

he must be a comedian in real life

Why do you think the system will become centralised?

what exactly do you mean with CPC? So what is your opinion? Should we be able to 'vote' or so, to increase the block limit?

It could help. I've seen bitcoin billboards and other advertisements; even on taxi cabs:http://imgur.com/tycvQTe (http://imgur.com/tycvQTe). I think for billboards, it shouldn't contain too much info--people won't be able to read it while driving. Hopefully all the advertisements for bitcoin will get people interested and start using it more.

Billboards might not be the best idea at the moment, but starting with commercials, explaining how and what, could help. Implementing links in facebook and such...

Well, yes, it would make it more popular, but you can't sell it like you would sell a typical product. It needs something fresh and less "nerdy" for more people to actually want to take an interest in it. Anything aside from that and you're basically throwing money away.

You can't really "sell" Bitcoin, you have to get people genuinely interested. This is something I don't think would be very easy to accomplish.

yes, it could. you know, a lot if people have TV in their houses, so they will watch the ad, and it'll help bitcoin to get more popularity.

if we want to make bitcoin mire popular, we can promote it to our friends or family. show them the advantage of bitcoin and the fact that bitcoin is money.

It'll spark a curiosity for sure and maybe some viewers of the ads will google it and try to find out more about it and then they may or may not invest in it.

So yeah it could work but who's going to pay for the advertisements?

Here's a top tip for you Franky, get yourself a real job as a software developer. You're super confident in your ramblings, right? The open source world is missing a cryptocoin genius ::)

got a real job thanks. but maybe its time you turn some of your own opinions and questions onto yourself about your mindset and how you spend your time.

this is your job isn't it Franky

YES! because if we talk here there are only a part of people that could understand btc value!
I mean geek, nerd, scammers :P and so on....
There are a lot of people that could appreciate btc!


yes we should. like talk with parents, friends, workers  and so...
The best way for a strong currency, and regrets bank system!!

no this is my free time. my job has nothing to do with being a blockstream shill or a classic shill. my job is completely separate but allows me much freedom to have a nice leisurely work/life balance.
id never do a job that forces me to spend 40-50 hours a week acting like a slave.

surprisingly bitcoin was meant to free people from corporate control and allow monetary freedom. but it seems your own shilling proves you prefer the corporate controls blockstream puts on you

anyway back to the topic of the OP

advertising on TV to 'users' wont work straight off the bat because average people have 4 main questions

1. can i pay my rent/mortgage with it. (does my landlord accept bitcoin)
2. can i buy toilet roll, eggs, bacon and baked beans with it at the local store.
3. if not for real world stuff, can i use it to pay for amazon prime/netflix subscriptions seeing as its advertised as internet money
4. does my employer have the ability to pay me a wage in bitcoin
5. can i buy some using cash from anywhere thats trusted. like a pawn broker, credit union or atm

in most cases all 4 questions are no. and only a few small areas around the world would question 2 and 5  be a yes. so until people really push retailer acceptance its not really worth wasting millions on user based TV adverts because there is still limited usage in the retail market.

at the moment bitcoin needs to push the retail market to make it usable. even the remittance market is not primed for bitcoin because of the barrier of entry. which some numpties think there isnt one. but compared to changing a $20 into 2x $10 bills..
bitcoin is not that simple. you have to find strangers online by going to localbitcoins.com or you need to register your life story to use coinbase or circle.
and so would the person at the other end of the transaction to convert back to their native currency

bitcoin still has a long way to go and will not be 900million users in the next couple years like most blockerstreamers spout out about as being the doomsday thing to worry about

yes of course it would. If everyone could advertise Bitcoin locally it would be a very good thing and would help a lot for bitcoin become even more popular.

if everyone spoke to their local shops and demonstrated how easy it was to accept bitcoin. things would move faster.
but a TV promotion aim at making it more popular to USERS. would be a waste because within 30 seconds of seeing the advert most people wont see a use for it.

but like i said if there was maybe 5 people in a town and they helped get it usable in local shops. then the rest of the population of the town would later think it is usable in a later TV advert.. but not until bitcoins usefulness is set first

It is good idea, but what ever the idea we give the main point is , is it the bitcoin legit in your region, because most of the countrys are still taking bitcoin as illegal , so how can you advertise about bitcoin. Their are so many ways to promote Bitcoin but the main is that that country law should first accept the bitcoin , then automatically you can see how many users you will come asking about bitcoin.

One more think can be done is Online Shopping if they start to accept Bitcoin as their payment system then you can see the bticoin growing very soon year by year.

Well it is definetely not forbidden in all countries. So if someone should start in these countries, bitcoin will get more and more attention, and people will be less scared of it than they should be...

advertising will certainly help to increase the penetration of bitcoin in to general mass. but they should have proper resources available in the internet where they can learn abut the blockchain technology and mining guides. Otherwise the advertising will go in vain.

Also the advertiser should be benefited from the people using bitcoin, otherwise, no one will come forward for charity. 

if you have a local business where you accept bitcoin as mode of payment it somehow could spark interest local bitcoin users and at the same time get to spread the word about bitcoin. The pizza story is known to us i assume you also knew it.  your business may be a place where bitcoin users gather if the word spreads.

I would much rather see more people currently using Bitcoin, actively approaching merchants to ask them to accept Bitcoin. If we could start a competition, to reward the person who did the most leg work to get merchants to accept Bitcoin, we might get somewhere. These people do not even need to know about each other. If 5 people walk into a shop daily and ask if they accept Bitcoin, they will start investigating this technology and they will soon start accepting it. Adoption will come, when merchants support it. ^smile^

I think it will very much be very useful, If a user or a site support a person I think it will help the site overall helpfully.. Bitcoin advertising will help make bitcoin more popular.

No doubt it will popularize bitcoin among masses but the question is who is going to pay for bitcoin advertising.Bitcoin is not owned by any one person and advertising in electronic media is very expensive I dont think anyone would do it

yes we should try to make bitcoin more popular,ust like product,people need to know bitcoin first,and than they start to interset for using bitcoin,i also think if we introducing bitcoin with local media like tv,radio and other ads,it will effective.

Yes we need to move it to the next level where many people would want to have this also. Let them know that they can gain profit in just waiting.  ;D Let them see what future is given by this currency. If that happens a lot of buyer will come and our price will grow up.

Who is going to fund it then?

The main issue is that the concept and its advantages is rather unbelievable to most and they would rather stick to their usual fiat and credit cards. It has hard to explain everything with the target audience's attention using a billboard or advertisements in general. Bitcoin does needs more exposure but some would view it as a ponzi scheme since it is a new concept to them. What we need is more promotions by making documentaries, people mentioning it to their friends repeatedly and explain it to them in detail.

Well, we did a local advertisement in the newspaper when we started with our weekly Bitcoin meetup, and we have drawn in strangers of all walks of life. Some of those have become regulars and I

regard them as friends now. We meet every Saturday at a local pub to watch some sport and have a few beers and then we have a few informal discussions and the like... We also buy and sell between

ourselves and introduce new people to the group. This is one way of doing this....  ::)