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1  Other / Politics & Society / My way of promoting Bitcoin on: June 22, 2016, 01:36:00 PM
I had doubts whether the QRc will be possible to scan, but it seems to be working Wink
My own design... Yes, I know, not very original but I think it's something good to start with Smiley
What do you think?



2  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: November 03, 2015, 12:31:07 AM
The government.

For me, that's the best answer.

Somebody says that bitcoin is not popular because only a few shops accept btc. But that's the vicious circle and we should ask question why there are so few of them. I wanted to establish my own business connected with btc. I had (in my opinion good) plan, some money - not very much is necessary. The only thing that scared me off was the very complicated law connected with bitcoin, the fear of becoming illegal (even unintentionally). I think many enterpreneurs as well as huge companies would also use btc instead of fiat. And they would do it with pleasure - it's convenient. But they don't even think of it, they are having so much restrictions on taxes, they must prove their expenses with VAT invoices (thats not so easy when dealing with btc), do other bureaucratic stuff...

Easy law, friendly for enterpreneurs/shops/people dealing with money + removal of absurd income taxes = more shops/people accepting BTC = more users = more stable quotes

The more users the BTC network has, the more stable the quotes will be. That's normal, having few milion users, some of them with 0,1% or even 1% (!) of the whole network, there won't be better stabilisation than it is now - i think it would now take only a few users with altogether 1-2% network shares (50-100 mln $) to strongly destabilise the network for a couple of weeks/months. It won't be a problem when btc will be used by more people and any bigger value deviation will be regulated by free market quickly.

The second thing is the fear, but it is also connected with everything above. For me the capitalisation of the network, about 5 000 000 000 usd, is the sufficient guarantee for it being somewhat safe, but

more users = wider belief in networks safety = more users Smiley = more stable quotes = less fear = ...

Do you agree with me? Smiley
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