Bitcoin Forum

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

Majority of people who claims they are not in love with bitcoin are still holding large number of bitcoins because even a child can understand the future potential of bitcoin. And who don't love to make cross border transactions with minimal fee and almost instantly?

Many have already started to use bitcoin and this number will grow exponentially within next few years. No, it is not a childish dream..

i think without the block limit fixed the other people, not tech savy will not accept bitcoin, no one of these people will ever pay $1 or more to send $10 or so, these people are the oen that don't move much money and they often do micro transaction, and bitoin is bad at micro transaction, if we can't solve this i'm afraid bitcoin won't be accepted in all part of the world

It is not a childish dream.
It can happen. Just need a little more push for it to work out.
Being pessimistic wont help. It will just make it worse.
We are here and so do you. Aint that all the reason we need to keep thinking that somehow they will bump with bitcoin.
Maybe in a different way unlike ours. But still as long as they are browsing the internet it will go to them.
One by one is okay as long as it grows.

there are a couple of obstacles in front of any person or business to accept bitcoin in my experience:

• understanding: many don't understand bitcoin, mostly older generation who are used to the old ways that don't even like using credit cards or online payments and such.
• legality/regulations: this one is the biggest obstacle in my opinion. bitcoin may not be illegal in majority of countries but it is not regulated either. and that prevents many from buying it or businesses to adopt it because they are worried about its future and how the government with deal with them in case they use bitcoin, it may be misconception in there too.
• scaling: i think we all know how big the mempool currently is.
• misunderstanding: this one is different from the first one. it is knowing what bitcoin is and investing in it but only for the profit when they sell it or for silly things like cheap transaction. and not because it is a secure decentralized peer to peer currency with a great level of privacy.

It always takes time for everyone to accept new innovation and technology when it first comes out. But eventually they do - or at least enough of everyone does because they find the utility of that new technology or innovation to be useful. Those that don't, just get left behind. Some examples: cassette tapes > CD, VHS tapes > DVD, mobile phones, computers, internet, laptops. And going further back in history: electricity, television, cars, airplanes, etc. etc.

Circumstances will make people accept this concept. The tendency is that all fiat currencies will fall in value in the long term, and this is already possible to realize in some countries like India and Venezuela.

I don't think it is necessarily closed minds that you're concerned about, you're more concerned about a system that limits everyone to using fiat exclusively and punishes those who try to use something otherwise, assuming that you think of this as the average person looking inwards.
Fiat is already a system that is designed to screw most people over through loss of value over time, and people are raised in a society where something like that is the only thing they know. It's not necessarily closed-mindedness but more a lack of wanting to change.

If BU/SegWit is passed, I don't think it would take long for more brands to accept bitcoins. With the current issues of confirmations, hacks and block size limitations, many brands like Amazon are still reluctant to accept the currency and the size too is quite unstable. They would also need to convert it into fiat to earn profit. Currently, Japan has a large number of companies accepting bitcoins which is just the first huge and positive step for us.

Just don't think of it too much and let it grow the normal way. Look at how it is today.

As you already stated, lots of people have accepted bitcoin and has been using it, meaning there is progress and development in terms of numbers of people using bitcoin. You will not noticed that in the first place if still only few using it depends on your observation. Overall, the growth is continous while time passes by.

I am sure they can understand the concept of bitcoin right now but they cannot use it in place of fiat yet because of scaling problems. Maybe if ever this problem will be solved someday, others will be more open in using bitcoin. It is hard to use bitcoin in place of fiat when you have to wait for long confirmation time or pay high fees.

Bitcoin has a had a very rocky start with some huge stumbling blocks. Any other new technology would hardly have survived scandals like

Silkroad and Mt Gox and also the myriad of other hacks that has occurred over it's history. Yes, there will be some people pushing against change,

but as it gets more known... people will start to move over to Crypto currencies.  ;D

If BU gains acceptance, which is almost impossible in its current state, Bitcoin will become buggy and vulnerable. I don't think stores are waiting for that to happen.

You are wrong, people won't have to convert to earn profit because the growing value of Bitcoin brings them constant profits. Store owners don't need to convert, as long as their suppliers accept Bitcoin.

Its not about time, if enough people will be paying with bitcoins, retailers will be starting race who will accept bitcoins (understand also) first.
They want sell, they don't care about bitcoin, not their world, so tipping point is enough people use it for shopping.

I think Bitcoin is better at store of value tho coz scaling problems.

it took more process if bitcoin want to acceptable for every society because the mind of every person will not be same especially who doesn't really understand what is bitcoin and they will felt strange with digital currency and more likely to choose paper money than that however probably someday they will open their mind and starting use bitcoin and for now on we should be more patience when introduced bitcoin to them

well, I do not expect that many people will accept Bitcoin in my country because of the lack of technology and knowledge. Moreover, Bitcoin have just existed on the planet for 8 years. 8 years is a short time for a new kind of currency to become a gobal currency

This is possible but asking when, no one is certain. Years, it will take years for this to happen and by how much, no one knows. Oven close-minded person will change if majority of people will start using bitcoin. It is a matter of peer pressure. Though we cannot force everyone to use bitcoin, all will be in place and no one could hinder it.

Everyone to accept bitcoin is kind of blurry to me, but nothing is impossible right, so we'll see. If ever not everyone will be engaged in bitcoin, we will see majority will.

Biggest part of world population are like sheeps, while media, governments, "fashion" people won't tell them to use Bitcoin, they won't use it.

It will take a lot of time until more people start using Bitcoin, for now less than 0.05% of world population uses it, it's a very low percentage, takes too much time to reach to at least 3%-5%...

The people who prefer fiat currency are middle class and richer people. The US Dollar has gone done by a ton in terms of real buying power. You used to be able to but a hershey chocolate bar for 5 cents, now it is a dollar or more. People don't understand this in America.

It looks like it starts to happen right now. $2k+ for 1 BTC. Who would have dreamed of this one year ago? Now it will be hitting the news more than before and hence we'll see more and more adopters. And with new adopters the price will rise even more. And then even more news. And so on indefinitely.  :)

time wise its hard to figure out when Bitcoin will be widely accepted
although we heading in the right direction for sure with Japan and Australia
making positive moves to accept it as payment and easing taxation of it etc.

For widespread adoption I think a number of things has to happen and a lot
of the points have been mentioned above.

Retailers will have top start accepting it as payment along with the public willing
to use it and this is a kind of "chicken and egg" scenario.

It will have to be as easy to use as it will be to use FIAT

If and when FIAT no longer becomes viable, Bitcoin etc. will have to be ready to take its place.

SO there are companies in Australia and japan that accept bitcoins??

Bitcoin concept or usefulness is really great but wishing that it would be accepted on every corners of the world would be nearly impossible even we are now witnessing the current acceptance of some countries to bitcoin but in general it would not really be legalized or regulated knowing the fact that bitcoin cant really be controlled by anybody.

Bitcoins in such kinds of coins there has no terms and conditions of any investment

Hmmmm .. you have a point. The big guys wouldnt want something taking over without them being part of it

Bitcoin's economic model is simply built on a childish conception of "money", namely a collectible.  In the mean time, people have found out the real economic functions of money, and one of those functions is "unit of account", hence a guarantee for a predictable stability of price.  Collectibles cannot do so.  Only assets which have value-regulating mechanisms can.  Moreover, bitcoin's economic model is based upon "sound money doctrine" who prefers collectibles over value-regulated currencies, for the sole reason that seigniorage is perceived to be bad.  Bitcoin has HUGE seigniorage for early adopters.

As such, bitcoin's economic model is ill conceived to be a good currency.  But it is brilliantly designed to be a highly speculative asset, of the kind that financial markets love to play with.  Don't worry, crypto will be loved by banks, but it would be even far more dangerous than the subprime toys they played with.  This is hence what it is becoming: a speculative betting token.

I guess they are just not really in this kind of techonology and still they are not really to adopt this kind of techonology in the aspect of money but still what we need is the cooperation of the government that is almost impossible and partnershipss of the company which is a good thing.

Only people who have not realized the potential of bitcoin would not accept bitcoin.Bitcoin has already proved its worth in the past eight years and its price has increased fro $750 to $2000 within six months.If they still refuse to accept bitcoin,then they would be leaved alone from the main stream of economic development.They would be the losers and they would regret for their decisions in future.

Of course it could happen. As we move to a more global economy it seems more and more possible.
However, because bitcoin is so new, and there are so many bugs and issues that it will definitely be at least 10 years and most likely more before this could happen. Fiat currency just makes much more sense for the time being. Eventually though it is possible.

If they able to see the previous price on previous years of bitcoin and didnt decide to engage with it while its still cheap then they do really regret as of now but for those persons who dont know totally i think they wont really not matter or bother theirselves because they are just purely believing and dependent on local fiat.It may become the mainstream in future but being accepted by all people would really remains as a dream.

Bitcoin is very volatile. We can't blame them if they wont accept bitcoin. That's why majority still prefer fiat because its more stable than bitcoin. For me, bitcoin is only good for investment. Still, bitcoin will never use by majority as many countries already prohibits their people from using this technology. But i still believe cashless world is possible.

We're currently experiencing a bloody hell here. But look at the news, Japan is open in legalizing bitcoins and I think because of Japan's influence (known from it's economic standard and how they cope up with problem), some countries will follow. Of course our main problem is about people don't have the knowledge on cryptocurrencies, they don't even know the word " Bitcoins ". Or some are just to afraid to try because these so called coins came from the underground of the internet. What's wrong in fiat is that the banks almost owns anything and taxes are everywhere. In terms of transactions in everyday lives especially in the third world countries, fiat is ideal because not everyone has internet connection (mentioning that internet connection in the third world are so expensive) and some people can barely buy a proper smartphone.

It's not childish, it would take time but I think this will be worth the wait.

Yes, cash is always stable, it does not have much effect. Bitcoin is different, it is severely market dominated, so it is difficult for them to accept bitcoin, but they can.

I think it will be much sooner then we think, already this year there have been a lot of positive articles in the media about bitcoin, Japan's move also has been a massive step forward.

2017 & 2018 will be where bitcoin breaks out into the mainstream.

So would it be really possible??? That we are still alive when majority is using butcoins and less are in favor of fiat??
I mean the number of fiat users will be the number of user of btc and the number of btc users will be the users of fiat or less...
At age 22, will i still reach that point??

The majority don't accept it as a currency (takes too long to confirm, can't be used offline), but do accept the concept of bitcoin as an asset. At the end of the day everyone can choose how they use bitcoin but I don't think it will become widely used in every day lives unless there is some more groundbreaking development that happens.

We can not tell when those closw minded people open their mind for the significant value and advantage of bitcoin. However, if government support it I think progress would be fster where in people would be convinced more as they see how legit and helpful bitcoin is.

In our wild bitcoin will never be become the our main money like fiat. Bitcoin will never be become that but bitcoin will become legally payment that all of the governments will accept bitcoin. I predict that 10 years from now that the bitcoin is now using in our daily lives.

It is not a childish dream, it is possible that majority of people will also start to accept and use bitcoin in their daily lives. When more and more country or government accepted bitcoin and spread the news about it, even people who are not that really into technology will basically understand what bitcoin and what its potential is. Let's just give it more time and I'm sure that peak for bitcoin will be soon be reached.

Well they may not like it culturally. Because common knowledge on internet businesses is that it is not easy to trust because you cant see the person in reality and they may just fake it. And you cant easily explain cryptography in one setting to people who does not understand the concept of cryptocurrency.

you can't blame them, many don't yet accept bitcoin because it is not regulated and they are running a legit business and going towards adopting bitcoin is a lot of work and paperwork for their legal department. and they have not yet seen enough demand from their users.
but when bitcoin becomes regulated, like what we are witnessing in Japan, many more businesses start accepting bitcoin and also regular people also start buying bitcoin because it is less scary now.

I'd rather say it is a fantasy (or even a lunacy of sorts)

Basically, the point you raise has nothing to do with accepting or rejecting the concept of bitcoin (usefulness, or utility, is an entirely different aspect or point, just in case). Many people don't have a clue about the concept behind fiat money they are using daily but do they care or does it somehow limit their ability to use money? To drive a car you don't need to be a mechanic to know which parts the internal combustion engine consists of, you don't have to be an engineer either to understand how it works. It is the same with Bitcoin, ultimately it all comes down to convenience and utility

Definitely that is a fact that majority of people today are having that kind of characteristics. People have become concerned about how to do it but no longer on what makes it work. With regards to bitcoin people are more concerned with how to get profit our of bitcoins and how to use bitcoins without being knowing what is bitcoin and why did the Satoshi made it. The concept behind bitcoin may not be very crucial to the majority but as long as bitcoin has its uses and a value people and the business sector will going to adopt it.

People will surely cling to money and bitcoin is a par with money because if it is converted it is equivalent to any fiat but has a bigger price value because of the increase it does right now, but most people don't have such knowledge that bitcoin is like that I am still encountering some if I question him about bitcoin they don't have any idea about it, I think bitcoin is famous on the side of people that have open their minds on what bitcoin really is I think those kind of people need to open up their minds just like me, I just have a friend that had open up my mind and eyes on what bitcoin can really do.

You shouldnt be worrying about that too much coz youd probably be dead by then.
But to answer the question, its kind of possible and impossible, coz people love money. And bitcoins have great value and will obviously increase in value plus it can make things easier, there would probably be a lot of people drawn into it. But the sad thing is that people see bitcoins as something bad or illegal because of the people using it for illegal things. Also, the banks feeding the media want the crypto currencies ruined, so i really don't know so i just wouldn't bother. Its good to focus about today and the near future for now rather than stress yourself about the far future that you wont even get to reach.

Maybe when all of the country in the world and all big businesses that has in the influence in the social and physical world will accept bitcoins maybe thats the time when they will realize that bitcoins is worthy to spend money into it