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Bitcoin => Bitcoin Discussion => Topic started by: yomofo on February 06, 2014, 05:17:35 AM



Title: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: yomofo on February 06, 2014, 05:17:35 AM
http://www.reddit.com/r/Bitcoin/comments/1x53rk/bitcoin_warrior_new_survey_79_of_consumers_would/


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: chessnut on February 06, 2014, 05:20:39 AM
http://www.reddit.com/r/Bitcoin/comments/1x53rk/bitcoin_warrior_new_survey_79_of_consumers_would/

really good sentiment.
also, we dont need 99% to use it for it to become an important money transfer tool. leave it to the firms.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: Dafar on February 06, 2014, 05:21:20 AM
79% still think bitcoin is some internet coupon used to buy drugs on silkroad

70% don't understand how the fiat system works

70% (including bitcoin users) still think bitcoin is completely "anonymous"



we have a long way to go


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: DeathAndTaxes on February 06, 2014, 05:22:43 AM
Sweet 21% of consumers would consider using Bitcoin.  

Also never is a long time.  I think in the 1970s at least as high of % would have claimed they would never use the internet and in the 1980s a similar percentage would have said they would never use online banking and in the 1990s a similar percentage would have said the same thing about digital downloads, smartphones, gps navigation, etc.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: BitcoinAshley on February 06, 2014, 05:32:57 AM
21% not bad, and yeah, what DeathandTaxes said.

And yes, the 79% are the 'tards who have all their eggs in one basket, the ones who get fucked when their government Weimar Republics or Zimbabwes their ass. Yes, I just used country names as verbs.

That's right, Argentinians and Venezuelans! You're learning a painful lesson not to believe everything your government tells you. And the funny thing is, Americans aren't even learning by example - their news doesn't even cover that shit.  8) 8) 8) Then again, the news here covered Cyprus (barely) and people still have tons of money in the bank.

Don't worry, I still have faith in humanity. After all - 21%.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: zedicus on February 06, 2014, 05:54:56 AM
You mean like how 90% make earned income and only 10% make their money from capital gains.


So 90% of workers would never make money using capital gains?

 


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: daserpent1 on February 06, 2014, 06:05:10 AM
Well not many people considered using LTC earlier, but with gaining popularity, people started using LTC too.

So, just because one surveys suggests that people won't adopt other alt coins, doesn't mean they WILL NOT adopt any other coins ever.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: Nathonas on February 06, 2014, 06:29:04 AM
This is because we're still not mainstream. First the visionaries invest in bitcoin. Then the tech-savvy people. Then the mainstream joes slowly take notice, and you get mainstream adoption. We're somewhere between 2 and 3.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: BTCisthefuture on February 06, 2014, 06:32:54 AM
21% of customers consider using it is still a great start.  That's a lot of people.


Right now bitcoin isn't practical for many consumers, nor is it easy for them to understand or use.  Ease of use should certainly increase over time,  it's yet to be seen if there will be more incentive for people to use bitcoin for shopping.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: benjamindees on February 06, 2014, 10:27:41 AM
21% is a ridiculous coup.  If we can even get half of that to actually use Bitcoin over the next ten years, the world would change forever.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: Honeypot on February 06, 2014, 10:32:20 AM
Ain't this good news? Bitcoin was at best considered a monopoly money to vast majority. So we got at least 5% of the population willing to use this as a serious currency?

Population of US alone is 320 million - 5% of that is 16 million people.

That's more than population of some countries. Possibly more people than those invested in certain stock markets.

Make no mistake. This is good news.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: stromma44 on February 06, 2014, 10:38:10 AM
You could see similar percentages about credit cards when they started as well.
Bitcoin is not much practical today (hard to buy), but it gets better a bit every month


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: Sonny on February 06, 2014, 10:39:39 AM
21% would consider using bitcoin?
Sweet :)


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: glub0x on February 06, 2014, 11:06:47 AM
amazing!


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: jcoin200 on February 06, 2014, 01:26:04 PM
All this means is the main stream media is doing their job of promoting the negative sides of bitcoin.  If they were to publish every time cash was used to launder money, buy drugs, etc they would have no room to print anything else.  Clearly they and other governments have an objective to keep peoples opinion against bitcoin.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: Lauda on February 06, 2014, 01:38:05 PM
21% is more than enough. The others are just ignorant.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: techstorm2 on February 06, 2014, 02:36:14 PM
Sweet 21% of consumers would consider using Bitcoin.  

Also never is a long time.  I think in the 1970s at least as high of % would have claimed they would never use the internet and in the 1980s a similar percentage would have said they would never use online banking and in the 1990s a similar percentage would have said the same thing about digital downloads, smartphones, gps navigation, etc.

Very well said!
 ;D


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: Dr Bloggood on February 06, 2014, 02:44:44 PM
Sweet 21% of consumers would consider using Bitcoin.  

Also never is a long time.  I think in the 1970s at least as high of % would have claimed they would never use the internet and in the 1980s a similar percentage would have said they would never use online banking and in the 1990s a similar percentage would have said the same thing about digital downloads, smartphones, gps navigation, etc.

+1

I remember very well the end of the 90ies, when everybody was bashing on cellphones, saying that they would never have one. A couple of years later, everybody had one.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: SerDonald on February 06, 2014, 02:47:30 PM
Wow i am surprised 21% of people in the world consider use bitcoins.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: hellscabane on February 06, 2014, 03:01:14 PM
Wow, would've really thought that number would have been much higher.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: westkybitcoins on February 06, 2014, 03:04:54 PM
Shouldn't that say, "79% of U.S. Consumers..." ?


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: LiteCoinGuy on February 06, 2014, 03:16:29 PM
79% still think bitcoin is some internet coupon used to buy drugs on silkroad

70% don't understand how the fiat system works

70% (including bitcoin users) still think bitcoin is completely "anonymous"



we have a long way to go

yep. about 10-15 years ago, 80% said that they dont need the internet.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: hilariousandco on February 06, 2014, 03:25:40 PM
Sweet 21% of consumers would consider using Bitcoin.  

Also never is a long time.  I think in the 1970s at least as high of % would have claimed they would never use the internet and in the 1980s a similar percentage would have said they would never use online banking and in the 1990s a similar percentage would have said the same thing about digital downloads, smartphones, gps navigation, etc.

21% is actually a pretty decent percentage. Ask the same people again in a couple of years and I'm you'll get a much larger result.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: Lethn on February 06, 2014, 03:28:03 PM
Quote

About the Survey

OMNITEL is a weekly national telephone omnibus service from GfK, a division of GfK Custom Research North America. The sample for this OMNITEL wave consists of 1,005 total completed interviews, of which approximately 750 consist of landline telephone exchanges and about 250 are made up of cell phone exchanges. Interviews were  conducted from January 24-26, 2014. The margin of error on weighted data is + 3 percentage points for the full sample.



AHAHAHAHAHAHAHAHAHAHAAAAAAAAAA!!! People like this never cease to amuse me, using 1005 people in a poll to try and make it seem like there's a large number of people against something in the hopes that everybody will be focused on the percentages rather than looking at the actual numbers which always tell the whole story.

The world is pretty funny when you pay attention to basic mathematics :D these guys just want people to get scared of the big percentages like any other political poll, it's the oldest trick in the book.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: FeedbackLoop on February 06, 2014, 03:35:22 PM
Quote

About the Survey

OMNITEL is a weekly national telephone omnibus service from GfK, a division of GfK Custom Research North America. The sample for this OMNITEL wave consists of 1,005 total completed interviews, of which approximately 750 consist of landline telephone exchanges and about 250 are made up of cell phone exchanges. Interviews were  conducted from January 24-26, 2014. The margin of error on weighted data is + 3 percentage points for the full sample.



AHAHAHAHAHAHAHAHAHAHAAAAAAAAAA!!! People like this never cease to amuse me, using 1005 people in a poll to try and make it seem like there's a large number of people against something in the hopes that everybody will be focused on the percentages rather than looking at the actual numbers which always tell the whole story.

The world is pretty funny when you pay attention to basic mathematics :D these guys just want people to get scared of the big percentages like any other political poll, it's the oldest trick in the book.

75% landline exchanges... interesting... Also, who has the time to answer those interviews? on those... landlines?





Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: Lethn on February 06, 2014, 03:37:55 PM
You'll see this kind of trick used in all the polls, believe me, I think I pointed it out in an earlier post too but that was a long while ago, these polls aren't worth paying attention to at all, you'd get better results from a random internet survey or posting a poll here.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: FeedbackLoop on February 06, 2014, 04:23:48 PM
You'll see this kind of trick used in all the polls, believe me, I think I pointed it out in an earlier post too but that was a long while ago, these polls aren't worth paying attention to at all, you'd get better results from a random internet survey or posting a poll here.

Well, I wouldn't go that far. As long as the methodology is clear they can provide insights and it's generally good that someone is paying for them and sharing even if the survey is limited in scope.

Interpretation and abusive extrapolation is were things usually get messy, the "make it seem" like you say.  :)  The headline here is definitely a bit unfortunate as it implies that those 79% gave careful consideration to something they never heard of or barely know... and the focusing on the 79% rather than on the complementary number which is quite surprising at this stage like so many people posted.



Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: megalodonk on February 06, 2014, 10:59:06 PM
Do you feel that the bitcoin purchases on exchanges are mainly for speculation purposes and shorting or do people mainly acquire it for buying goods with it?

I think it is the first reason but could I be wrong?

It was asked in the poll; Would you rather own gold or bitcoin? - What was the purpose of this question? Of course almost anybody would answer gold when everyone knows what gold is and it is always an easier answer than bitcoin.

I suggest that this poll is irelevant in terms to comparing bitcoin to gold but more relevant to measure how well bitcoin is actually accepted as almost 20% of people answered they would rather own bitcoins!! that is truly amazing...


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: kireinaha on February 06, 2014, 11:47:21 PM
The Internet of 30 years ago was vastly different than it is today, maybe some of you are too young to realize that. Bitcoin, the currency, is a service that runs atop them bitcoin protocol. Perhaps in the future coins will be easier to obtain and easier to spend and protect, but what we've got now is basically the final product. Just like e-mail really hasnt changed radically since the days of AOL. So everyone arguing that people don't "get" bitcoin yet are making moot points.

If you want to talk about the protocol, then yes, I believe it could develop into something big and radically different from today. But since most of us are invested in the currency foremost and not the protocol itself, it's not particulary relevent to this discussion.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: AltorXP on February 07, 2014, 12:05:17 AM
21% is more than enough. The others are just ignorant.

If BTC recieved more news coverage (actually explaining the technical details of BTC), then I'm sure that 21% would become 45-50%
If the price stabilizes, and bad exchanges go out of business, I'm sure they would


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: FalconFly on February 07, 2014, 12:27:59 AM
Hm... according to the infographic, it looks like they more or less put BTC in survey competition with gold...
That's no competition really.

On the positive side, the "critical mass" of at least ~10% seems to have been clearly crossed. That means BTC does have the potential to go viral and accelerate growing its userbase, which IMHO is the main result of the survey. Just a few years ago, these figures would have been quite different. Quite a development for a mere ~3 years.

Outcome still unknown but technically, it has the potential.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: rafamadeira on February 07, 2014, 01:50:27 AM
21% is a lot of people.


Opinions change.


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: bitprick12345 on February 07, 2014, 03:06:55 AM
This is why 80% of the wealth is held by 20% of the people. :)


Title: Re: 79% Of Consumers Would Never Consider Using Alternative Currency Like Bitcoin
Post by: BadBear on February 07, 2014, 07:02:43 AM
Wow i am surprised 21% of people in the world consider use bitcoins.

This, not long ago it would have been 1%.