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Government is already troubled by the acceptance of bitcoin (rather crypto currency). The government might try and make it difficult for bitcoin (again, crypto currency) to really be a widely accepted currency but I think it's acceptance is inevitable.
People love decentralized currency, many might not know what it really means, but they just like the idea of the power being in their hands.
Same reason why Democracy is so predominant, most people don't even care how beneficial it is or isn't.
True! I think its a lack of knowledge, bad publicity/media coverage and low exposure of cryptocurrencies that is making the acceptance of cryptocurrencies slow and difficult. i hope to provide more exposure of the benefits of cryptocurrency through my research  |
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brilliant! thank you so much! and indeed, bitcoin accepting merchants rose from only 10,000 in 2013 (worldwide) to over 100,000 today! How do you know that? It's impossible to know how many are accepting bitcoin. Sorry i should have specified that these facts are from reports done in the past (consensuses etc) also, a list of bitcoin merchants can be found at coinmap.org (which is quite inaccurate but is a nice list of your local bitcoin merchants) |
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brilliant! thank you so much! and indeed, bitcoin accepting merchants rose from only 10,000 in 2013 (worldwide) to over 100,000 today! |
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governments will have no choice! theres no stopping users from using bitcoin
may I ask you how old are you? you level of naivety is like 18 yo dude, so just want to make sure how it is.. lol my age has nothing to do with it, and i'm not naive, it's realistic The government can't ban code. They can try to restrict it but anyone can use it who wants to. Just like before when they wanted and tried to ban file sharing they failed. Close down one site and another pops up, and then torrents came along. Now they rely on ISPs to report people who appear to be torrenting but it's all something that can be circumvented.
Yes I think there will be a bright future for bitcoin, it's still young and misunderstood.
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One way or the other, most of the government will have to adapt themselves for using cryptocurrencies. Physical currencies days are pretty much over. Governments will be forced to move to digital currencies.
Big banks and corporations (and some governments) strongly appose digital currencies because they reap the rewards of transaction costs on normal card transactions and i guess they want a monopoly on payment processors but youre totally right, if digital currencies become widespread in use; governments will have no choice! theres no stopping users from using bitcoin |
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Pay me and I'll complete your survey.
How do you define "fully adopted" - you mean adopted, rather than adapted, right?
Is this measured by number of transactions, geographic spread of transactions, volume of BTC transacted, some declaration of another sort?
Also, will you be so kind to post the findings of your research here? We'd all benefit from reading it. And I don't think many people who come to us for polls bother to share their work with us, which leave us spending our valuable time for you but getting nothing in return.
At the end of my survey, i have left my email address where you may request a copy of the final report. I assure you that once the report is published, I will send it to whoever shows an interest. I mean adapted - as certain traits of bitcoin are still "adapting" to the mechanics of traditional forms of currency such as regulation, legal tender, practical every day use etc. Without these traits, it won't be widely used The survey captures current bitcoin users insights, the number and volume of transactions and other demographic variables (such as individual income correlation with volume of BTC trade). The study also depicts users use of other payment facilitators (such as paypal, google wallet etc) and if other forms of money (like cash in hand payments) have become redundant. Please do feel free to email me amint3@culc.coventry.ac.uk for a copy of the final submission. Please click the link below if you wish to complete the questionnaire:
https://www.surveymonkey.com/s/bitcoinresearch1
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I see, based on your post history I have made a mistake replying to your thread.
you haven't made a mistake at all! i am gathering opinions and insights as part of my academic research. i am sorry if you think im spamming Bitcoin already beeing used and fully adapted as a currency. Look at transaction statistics. It's growing. And bitcoin price is stable. It's good for bitcoinomics.
i dont think its used to its full potential compared to traditional forms of currency. but for sure its growing in use! also, its price only just became stable There is nothing we could compare bitcoin with in human history. The word "bitcoin" meant nothing to anyone in 2009 as you are well aware, to the public at large. Of course it is not used to its full potential. That is why people like yourself can share ideas and concepts geniuses can code for everyone to use, worldwide. I am amazed bitcoin is doing so well... https://commerce.microsoft.com/PaymentHub/Help/Right?helppagename=CSV_BitcoinHowTo.htmaccording to quite an interesting read called "the ultimate guide to bitcoin" by michael miller, there have been attempts of digital currency in the past. does anyone remember e-gold or beenz or flooz? they all failed for other reasons yet bitcoin somehow survived |
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Did you make this thread in every sub-forum, or just all the ones I happen to visit? Ridiculous.
sorry if it looks like spamming, i'm trying to gain exposure and opinions for some research im carrying out. bitcoin forums seem to be a great place for it, and im attaining some fab feedback Did you make this thread in every sub-forum, or just all the ones I happen to visit? Ridiculous.
reported all 7 (seven, dammit) of 'em for spam. :/ oh no... |
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Bitcoin already beeing used and fully adapted as a currency. Look at transaction statistics. It's growing. And bitcoin price is stable. It's good for bitcoinomics.
i dont think its used to its full potential compared to traditional forms of currency. but for sure its growing in use! also, its price only just became stable |
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Hey! Does bitcoin have a promising future? Or will government intervention and regulation restrict bitcoin to perform as we know it? I’m currently completing research on the current use of bitcoin. What I hope to prophesise is bitcoin’s future as a currency by asking participants their views on the current competencies of bitcoin through a few questions via a 10 minute online questionnaire. The UK government’s response to the increasing use of cryptocurrency (AKA digital currency), is a positive one as it ‘increases banking competition in the interests of all customers. Encouraging greater innovation in payments’ (HM Treasury, 2015). The study will gather global perspectives to answer: Does bitcoin has the ability to be fully adapted and used in the economy compared to other payment systems? Do certain attributes of bitcoin (such as security, safe guards and lack of regulation) hinder its potential to be used as a payment system or as a facilitator of investment? Please click the link below if you wish to complete the questionnaire:
https://www.surveymonkey.com/s/bitcoinresearch1
Thank you! |
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Hey! Does bitcoin have a promising future? Or will government intervention and regulation restrict bitcoin to perform as we know it? I’m currently completing research on the current use of bitcoin. What I hope to prophesise is bitcoin’s future as a currency by asking participants their views on the current competencies of bitcoin through a few questions via a 10 minute online questionnaire. The UK government’s response to the increasing use of cryptocurrency (AKA digital currency), is a positive one as it ‘increases banking competition in the interests of all customers. Encouraging greater innovation in payments’ (HM Treasury, 2015). The study will gather global perspectives to answer: Does bitcoin has the ability to be fully adapted and used in the economy compared to other payment systems? Do certain attributes of bitcoin (such as security, safe guards and lack of regulation) hinder its potential to be used as a payment system or as a facilitator of investment? Please click the link below if you wish to complete the questionnaire:
https://www.surveymonkey.com/s/bitcoinresearch1
Thank you! |
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I think that at this point it is doubtful bitcoin will be used as a currency. Pretty much everyone in cryptos is here to make money it seems. We treat it like an investment, not a currency. If you get money from the bank, how many people hold on to that hoping the price will increase by multiples? My guess is nobody. Plus governments don't seem to like it so they will put pressure with regulations to prevent it from being popular.
what about the anonymous, decentralised nature, low transaction cost and fast payment - of bitcoin being used as a currency; there are so many other benefits? surely it's more than just an investment not gonna lie, i wish i bought into bitcoin 4/5 years ago just for investment purposes  |
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Bitcoin is going to be used as an internet currency. People are going the buy things in foreign countries and pay in bitcoin. It is fast, easy to use, low fees which takes out all messy work of exchange rates. It is not going to be a hit in local shops because fiat and credit cards are more convenient for the shop owner.
Will help with your survey later on.
thank you for your interest in the survey and response  I agree, but there is a growing use of bitcoin in shops. in 2013 there were only 10,000 merchants using bitcoin worldwide. today, there are over 100,000 bitcoin accepting merchants! in recent research (that i conducted), it has been opinionated that the credit/debit card system in place is much more convenient. Some business owners completely abandoned bitcoin due to this. |
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The government can't ban code. They can try to restrict it but anyone can use it who wants to. Just like before when they wanted and tried to ban file sharing they failed. Close down one site and another pops up, and then torrents came along. Now they rely on ISPs to report people who appear to be torrenting but it's all something that can be circumvented.
Yes I think there will be a bright future for bitcoin, it's still young and misunderstood.
Bolivia and Kyrgyzstan are the only two countries that seem to actually prosecute users of bitcoin, and there are other countries who claim they have a ban on bitcoin. But you're absolutely right, no one can actually stop the alternative routes of using bitcoin |
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In this case we have a 50% chance of it happening, because it either is going to happen or it won't.
Looking at the current state of the network it can't happen yet. Bitcoin can't handle mainstream adoption at the moment.
If the protocol gets adjusted properly so that we it can handle this, it just might.
how long do you think it will take for bitcoin to be adjusted properly, have a stronger network and be used in its rightful way as a currency? |
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Slowly society will see how physical cash gets erradicated, and BTC will be the leading way to move money.
I agree! physical wallets with cash in them will be a thing of the past! Yes as the world becomes and more global and the ease of making transactions between nations a single payment form without a processor is king and especially when decentralized. These strengths will lead the charge and then it will seep into all transactions.
do you think payment intermediaries/third parties such as visa/mastercard will vanish? maybe big corporations and banks won't let bitcoin be accepted! |
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Hey! Does bitcoin have a promising future? Or will government intervention and regulation restrict bitcoin to perform as we know it? I’m currently completing research on the current use of bitcoin. What I hope to prophesise is bitcoin’s future as a currency by asking participants their views on the current competencies of bitcoin through a few questions via a 10 minute online questionnaire. The UK government’s response to the increasing use of cryptocurrency (AKA digital currency), is a positive one as it ‘increases banking competition in the interests of all customers. Encouraging greater innovation in payments’ (HM Treasury, 2015). The study will gather global perspectives to answer: - Does bitcoin has the ability to be fully adapted and used in the economy compared to other payment systems?
- Do certain attributes of bitcoin (such as security, safe guards and lack of regulation) hinder its potential to be used as a payment system or as a facilitator of investment?Please click the link below if you wish to complete the questionnaire: [/b] https://www.surveymonkey.com/s/bitcoinresearch1
Thank you! |
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