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Author Topic: The problems that needs to be solved in order to get new bitcoin adopters  (Read 1767 times)
Varicon
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May 01, 2014, 05:56:05 AM
 #21

problem 4: bitcoin is still beta, and too many scammers and hackers around


problem 5: Mt Gox won't be easily forgotten

Problem 5 is getting worst: https://bitcointalk.org/index.php?topic=590970.0

I've been told my numerous people that 'the bitcoin' was hacked because of the Mt Gox saga. We need more media positivity.
tabnloz
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May 01, 2014, 06:02:09 AM
 #22

problem 4: bitcoin is still beta, and too many scammers and hackers around


problem 5: Mt Gox won't be easily forgotten

I agree very much with problem 4....

Too much bad boys trying to scam others give a very bad light to btc, and this bad fame, keep new investors away, no investors, no money.

Hopefully this fear and caution about getting scammed recedes when (if) big, trusted companies enter the space. Like how people were cautious of the early internet and using their credit card online; once big firms got into it and offered online stores, most resistance slowly faded in the face of convenience.
RyNinDaCleM
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May 01, 2014, 11:18:28 AM
 #23


Problem 1:  They either play it off because they did not take the time out to research the utility or do not understand the concept.  (solves double spending etc).


Bitcoin doesn't solve double spending. In fact, it's the only thing that can be double spent, and is a large part of the need for grossly inefficient mining. Some things that it does "solve" are charge backs and counterfeiting.
Explain that one. The part about inefficient mining. While you are at it, suggest a better alternative. Something more than "PoS" (at least elaborate if that is your answer).

Hey, I don't know a better alternative (PoS is exactly that, a Piece of Shit) but you you can't tell me that mining is an efficient use of resources. I don't know the exact numbers these days, but I know in 2011 it was something like $45k/hour in electricity costs, and has only gone up since. I realize that on a Gh/s/KwH basis, mining has gotten more efficient, but it's far from ideal. So sit down, shut up and take your Ritalin, because I wasn't attacking your precious Bitcoin.  Roll Eyes

Ibian
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May 01, 2014, 11:39:24 AM
 #24


Problem 1:  They either play it off because they did not take the time out to research the utility or do not understand the concept.  (solves double spending etc).


Bitcoin doesn't solve double spending. In fact, it's the only thing that can be double spent, and is a large part of the need for grossly inefficient mining. Some things that it does "solve" are charge backs and counterfeiting.
Explain that one. The part about inefficient mining. While you are at it, suggest a better alternative. Something more than "PoS" (at least elaborate if that is your answer).

Hey, I don't know a better alternative (PoS is exactly that, a Piece of Shit) but you you can't tell me that mining is an efficient use of resources. I don't know the exact numbers these days, but I know in 2011 it was something like $45k/hour in electricity costs, and has only gone up since. I realize that on a Gh/s/KwH basis, mining has gotten more efficient, but it's far from ideal. So sit down, shut up and take your Ritalin, because I wasn't attacking your precious Bitcoin.  Roll Eyes
Two cell phones could run the network. That's not the point. The point of the mining setup is to make it very expensive for someone to fuck with the network. And it does so rather efficiently.

Look inside yourself, and you will see that you are the bubble.
cesmak
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May 01, 2014, 12:00:22 PM
 #25

problem 4: bitcoin is still beta, and too many scammers and hackers around


problem 5: Mt Gox won't be easily forgotten

I agree very much with problem 4....

Too much bad boys trying to scam others give a very bad light to btc, and this bad fame, keep new investors away, no investors, no money.

Hopefully this fear and caution about getting scammed recedes when (if) big, trusted companies enter the space. Like how people were cautious of the early internet and using their credit card online; once big firms got into it and offered online stores, most resistance slowly faded in the face of convenience.

I agree with you a massive adoption as a form of money (that is what bitcoin was designed for...) can reduce this problem, and make benefit to mining too, as most of the mining cost will, in the future, be pay directly in btc instead of convert to fiat, so more reduction in exchange volatily...
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May 01, 2014, 12:12:39 PM
 #26

I'd say need to find new ways to educate and attract people to Bitcoin.  I think people don't see all the advantages because they are thinking small time and we need to make advantageous of using crypto extremely  obvious.
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