[2016-01-01] CD: Bitcoin's Big Challenge in 2016: Reaching 100 Million Users

[LiteCoinGuy]

Bitcoin's Big Challenge in 2016: Reaching 100 Million Users

Michael Jackson is the former COO of Skype, a current venture capital investor at Mangrove Capital Partners and a board member at bitcoin wallet provider Blockchain.

Here he explores the importance of creating bitcoin products and services that will delight users globally and prove the technology's worth in 2016.

http://www.coindesk.com/2016-bitcoin-challenge-100-million-users/

[gentlemand]

100 million users is a huuuuge stretch. There'd have to be an insanely compelling reason to get that many people to pile in so rapidly and it would have to be something off chain or they're not going to enjoy their user experience all that much. Anything's possible I guess but I won't be holding my breath.  I don't think there's any point comparing it to any effectively free service like Facebook or Skype. It's a fundamentally different thing.

[Sturgeon]

this is big news, and make bitcoin stronger than last year
but Im not sure all of 100million is active user, maybe only 40-50% of that is active user

[Cabapzarf]

"According to publicly available data, there are now over 10 million bitcoin wallets. Perhaps the most informative statistic of all is the transaction volume: the number of transactions has also grown impressively, from roughly 80,000 a day to more than 200,000 without showing any signs of slowing."

I have several wallets. So wallets is not equal to users. If he can give every Skype user 0.001 bitcoin, he might make 100M users of  bitcoin.

[LiteCoinGuy]

"According to publicly available data, there are now over 10 million bitcoin wallets. Perhaps the most informative statistic of all is the transaction volume: the number of transactions has also grown impressively, from roughly 80,000 a day to more than 200,000 without showing any signs of slowing."

I have several wallets. So wallets is not equal to users. If he can give every Skype user 0.001 bitcoin, he might make 100M users of  bitcoin.

that is true. but there should be several million (3-8) bitcoin users worldwide, that is not a big deal with 3500 million people on the internet.