Bitcoin Forum

Today I asked a relative of mine who owns commercial real estate
if they would consider taking Bitcoin payments.

They said that it is too early.  It might work somewhere
like, say, San Francisco, but most of their tenants don't
even know what Bitcoin is.

So bottom line is, we are VERY early in the Bitcoin
game.  That means 1. there is a lot of work to do,
and 2. its still a great opportunity to be an early adopter.

Adoption now is good, but be prepared that transitions WILL have to be made. There is still a lot of work to do. I hope that it goes well, but we'll see if it turns into an investment pit, with few actual transactions being made...

I'm a 47 year old, white male. I was raised on a farm and have been a farmer most of my life and I graduated from high school in the 80's, before the internet. I have no further education than that. I also worked in a large steel mill for a lot of years, and still work in the steel industry today.  I own Bitcoins.   It's people of my demographic that are going to make or break Bitcoin. Adoption will happen but, it will be very slow unless people can get the message out there more. Most people I know have heard of Bitcoin but, know very little about it, and what they think they know is usually the bad stereotypical stuff.

After today's NASCAR race my boss (we design custom high-performance auto parts) talked about accepting DOGE. Funny times

we are all early adopters right now.

bitcoin needs advertising.
suppose if one day bitpay is big enough to be a sponsor of the champions league in Europe like MasterCard is, that would completely change people's perception of bitcoin and probably help drive adoption through the roof.

i have heard the too early excuse too and here is why:

i think bitpay should not be advertised for area's where little bitcoin commerce will happen. since they moved over to subscription based many merchants do not want to pay a monthly fee before knowing how much volume they will take. so please only mention bitpay for established merchants that know an idea of how much bitcoin they process. inform unsure merchants about other methods of fiat cashing out or bitcoin acceptance and hoarding methods.

i don't like it when people make bitcoin comparisons to the internet. they are not the same thing. while bitcoin has promise, the internet is a portal to the world wide web. bitcoin is a currency system. the internet is a utility, which means it's pretty important to have; people view bitcoin as more of an luxury or accessory.

LOL

You don't understand technology, it is quite evident.

It's nice that you own bitcoin, you're a totally different demographic than the usual internet geek who hopped on the train early, but I don't think at this point any particular group themselves will "make or break" bitcoin. Bitcoin will always find a level of existence at its reflective level of adoption.

As of 2014, bitcoin belongs to the innovators, early adopters, internet geeks, and trading speculators. As more and more businesses open themselves to bitcoin, the adoption and technology will just keep on expanding.

Think about it this way, in 5 years from now when BTC is common, we will be seen as the pioneers. Like the early contributors to the World Wide Web.  :)

Don't you mean Information Superhighway?   8)

AskJeeves, Webcrawler and Dogpile   ;D

in 5 years time no one will know your names

without googling it, who was the person that coded the first publicly available web browser
who was the person that invented the first LED TV
who was the first person to invent the bank note

in many years time no one will care about bitcoins inventor. as in reality, he is not around and not involved in peoples lives, people will just be happy in their own world using bitcoin

yes it will be in history books for those that want to read, but to the common person, they have better things to do with their lives. as long as bitcoin is secure, people will use it.

in the end pioneers are stories told by thier grandchildren

There has been a huge load of bad press; That seems to be changing now and most/many of the stories are positive.  :)

oh lawd... you have so much to learn.. so much..

Will I ever see a commercial on TV for bitcoin?  What will the angle be?  How do you convince people to pay 1% to buy from a exchange?

i dont think anyone will have to buy from an exchange in the near future.. people will buy/sell direct to each other using personal bank transfers. or through a decentralised exchange that supports fiat currency like nxt or (soon to be) nem. why would anyone send coins/fiat to a centralised exchange when they can use a decentralised one with zero fees?

also in relation to advertising i think it will be companies based on/around bitcoin that will advertise.. so companies will advertise for us and in turn advertise bitcoin itself.. dont you see the facebook and twitter symbols everwhere now? shops and websites will all display the bitcoin symbol the same way

...a decentralised one with zero fees?
What makes you expect zero fees?
Long-term Bitcoin (for example) is counting on people paying fees.

nxt supports fiat? huh? how?

cos its proof of stake you only pay transaction fees soon to be .1 nxt or .01 nxt.. not sure what they will set it at.. so when trading coins/shares on asset exchange you only pay transaction fees which is nothing compared to trading fees on normal exchanges..(i ment you dont pay a fee to the people running the exchange!) and you would be trading real coins not iou's.. also could be trading with out any transaction fees also cos they have sub atomic crosschain transactions in closed beta at the min i think.. or near beta... all the info can be found on the forum..

"AskJeeves" and web spiders ...ah those were the days. I'm still ticked about the fall of Netscape ;-)

Accepting BTC for commercial real estate would be a little more complicated than signing up as a merchant on coinbase because it is a lot of business to business sales, that require a lot more checks and balances than just an individual paying rent.

OK, exchanges exist to trade a quantity of one thing for some quantity of some other thing. In local parlance, typically for trading some crypto (be it XBT, NXT, or whatever) for some fiat (e.g. USD). So explain to me how NXT allows trading, say, NXT for USD across distance, without needing an exchange. Please focus on the USD side of the transaction. How does USD get from party A to party B?

Or by 'exchange', were you talking about some other thing?

Real estate usually requires some bank services.

Interesting would be to use bitcoin transaction as alternative to bank ones. This way they would be able to cut some prices.

Only problem is they need clients who would like it.

There are a lot of real estate properties listed out there in Bitpremier. You can even buy private islands in the Pacific Ocean. And they have found plenty of clients in the past was well.

Amen brother!
We are the first 1% of a hopefully huge adoption wave

The BTC/USD value is too volatile.

Sad to say but since the USD conversion is still universal, the constant price fluctuations make it impossible for commercial usage to truly adpot without changing their product prices daily.

If suppliers were to take bitcoin, this would alleviate much of this issue seemingly all of the bitcoin advocacy is being focused on the retail side / ATMs for consumers.

From time to time I check out some of the major real estate discussion forums: Zillow has A post and Active Rain only a few (intelligible) as of a couple weeks ago.
Real estate is an area where I'd like to see smart contracts and such but real estate practices vary widely from one state (or even area) to the next so unless a larger company comes to service the industry, it will be on an office (or hopefully soon: some major franchise) basis .
We have a long way to go for adoption for so many reasons but more average consumers are using it now: I am not in the computer industry, I just like applying good tech to whatever it is
I'm doing. Bitcoin is good tech, SO good...there's still a learning curve to using it.

I'd like to see companies who handle 1031 exchanges address bitcoin and so many other things that I'm excited to watch as they progress.
I'm also hoping that many things about bitcoin will stay unregulated because I feel as though this is an opportunity to see a free market in action.

You said it. That's pretty much the rule for any new concept, it's like a wave that emanates in this case from the most tech-savvy twenty-somethings outward in every direction. Fear always travels faster than wisdom.

The systematic lying from the power elite (https://www.youtube.com/watch?v=IKqXu-5jw60) doesn't help. False sense of security is dangerous situation. Puts us in this dystopia we have now. Dollar is doomed (https://www.youtube.com/watch?v=dQdmsL147j0).

Fallout from dollar implosion will be terrible if too few dollar-holders get off the sinking ship and onto crypto lifeboat in time. Deathtoll incalculable.

"Fear always travels faster than wisdom"

Too true