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Author Topic: People become believers when they see you pay IRL  (Read 2012 times)
zimmah
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October 30, 2015, 03:40:33 PM
 #41

If more people were technically inclined then Bitcoin would be growing at a much faster rate. It's just unfortunate that most people don't care about innovative technology and the good that can come out of it, at least not until they are given a reason to care.

they have plenty of reason to care, they just don't know it.

how many more financial crisis does it tak for people to realise the financial system is a scam?
Kprawn
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October 30, 2015, 03:42:34 PM
 #42

This is a great example of ways to introduce people to Bitcoin. The main problem is still the amount of places which accept it as a payment method. Usually, online stores would give a rebate when using it. However, there is very few stores which accept Bitcoin in real life hence most would charge a premium for it. Most people imagine Bitcoin as something complicated but it is as easy at scanning a Qr code and hitting the send button.

Most store owners still can't find the incentive of using/accepting bitcoins for their merchandise or service, thinking that it would only leave them with a payment that can go to 0 within some days. Also, to be able to maintain a business in the current times, store owners should still stay with fiat given that not all the necessities in setting up a business can be paid with bitcoins. People are willing to pay, the problem is, the owners don't want what they are being paid.

This should be a no-brainer ... You pay virtually no fees on the transactions and all conversion to fiat is done for you. You can also set the percentage of the Bitcoin you want

to convert. The savings in fees could be used to incentivize the adoption of Bitcoin by the introduction of discounts at the start, and once that is established, you could

pocket that savings as pure profit.  

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cellard
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October 30, 2015, 04:15:27 PM
 #43

If more people were technically inclined then Bitcoin would be growing at a much faster rate. It's just unfortunate that most people don't care about innovative technology and the good that can come out of it, at least not until they are given a reason to care.

they have plenty of reason to care, they just don't know it.

how many more financial crisis does it tak for people to realise the financial system is a scam?

It doesn't matter how many financial crisis happens as long as dollar and euros buy you stuff and are accepted worldwide. That's the paradox. The system within itself is a crumbling scam, but on the surface, it just works, people don't see a necessity to pay in BTC unless in certain situation where you would miss it. But make no mistake, the crash will be felt in every day average joe's life eventually too, then Bitcoin will go to millions of dollar a coin. Supply and demand.
iram66680
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October 31, 2015, 03:29:28 AM
 #44

Well, let's say in 10 years Bitcoin is widely used worldwide.
What would the fee be for a cup of coffee? Because if it's too high no one will use it for such payments which is a shame. Of course, that's where LN would solve things to make it cheaper, but it's not "inside the chain". It doesn't feel like "real Bitcoin" or something. But I also don't see any other solutions for this problem. Centralized nodes is a worst case scenario.

Bitcoin will be many forms in the future for it to be transacted instantly. Lighting Network or side chain are one of them. But they are still bitcoins.
I would think that the transaction fees would still be quite low. Even with wide spread adoption, the network would most probably still be able to handle the transaction volume with the block size change. Even if the value sky rockets, the transaction fee could be adjusted to compensate for it.

ranochigo
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October 31, 2015, 03:38:05 AM
 #45

This is a great example of ways to introduce people to Bitcoin. The main problem is still the amount of places which accept it as a payment method. Usually, online stores would give a rebate when using it. However, there is very few stores which accept Bitcoin in real life hence most would charge a premium for it. Most people imagine Bitcoin as something complicated but it is as easy at scanning a Qr code and hitting the send button.

Most store owners still can't find the incentive of using/accepting bitcoins for their merchandise or service, thinking that it would only leave them with a payment that can go to 0 within some days. Also, to be able to maintain a business in the current times, store owners should still stay with fiat given that not all the necessities in setting up a business can be paid with bitcoins. People are willing to pay, the problem is, the owners don't want what they are being paid.
If the owner spend a few seconds to research, they would know that it is hard and impractical to double spend 0 conf transactions. The risk is relatively small if you spend a few minutes to wait for the transaction to propagate. POS systems like Bitpay allows merchants to convert a percentage of Bitcoin to USD and deposit in your bank account. Bitcoin enthusiast would be using your shop more often too. It takes only a tablet to setup the entire POS.

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JeWay
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October 31, 2015, 06:13:31 AM
 #46

That's why there's should be more Bitcoin "Real" Shop in this world
Because I honestly think that it's more interesting than buying something online.
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