BTC Needs users and not hoarders

[IMZ]

Guys, my mob -- IndiaMikeZulu -- is perhaps unique. We spent nearly a year in self-funded 'on-da-street' crypto development, and have loads and loads of suggestions for anyone who cares to contact us. (For example, we are just two hobbyists, but we offered the world's third fiat-crypto service, selling Yacoin, in $Aus., via Internet-banking transfers from Yacoinaustralia, last year. Only ever a few sales, but no one else was doing anything like it!)

At present, we have returned to trading -- the development work drained our meagre resources -- but we are running 'Un-Ex,' an experiment in crypto-bullion sales on a national basis (Australia). PM me anytime.

Mark, Western Australia

[itsAj]

The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC. We'll need bigger merchant adoption and more stability and more importantly better wallet and faster smoother behaviour of the software for it to reach a status where people make their daily expenses with BTC mostly. In fact even in the future it may still be seen as a legit store of value like gold rather than an actual currency. We'll see.

If consumers were to use their fiat to buy bitcoin that would then be used to spend at various merchants that accept bitcoin, then what is the difference? The answer is there is none. Consumers would essentially be spending the same amount of wealth/money, however the merchant would incur less costs in accepting the bitcoin so over time they would likely charge less for bitcoin paying customers.

[jjacob]

The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC.

Where is the risk in buying stuff with Bitcoins? Of course, you will have to shop at established sites.

[ShintoshiBTC]

The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC.

Where is the risk in buying stuff with Bitcoins? Of course, you will have to shop at established sites.

Like what for example?

[BigGameCAsino]

The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC.

Where is the risk in buying stuff with Bitcoins? Of course, you will have to shop at established sites.

Like what for example?

Check the market place.. You can get information there.

[cubanos]

Others doesnt need to use it. Most of us here hoards more than they use it. Especially the "not so rich" bitcoin enthusiasts. This might be our escape from poverty.

[JetLi]

"BTC Needs hoarders and not users" can be just as true because if a bitcoiner decides to buy a compu from Dell with btc then Dell will dump those coins for fiat.

[giveBTCpls]

it is important to use Bitcoins in addition to holding Bitcoins. The more robust the actual trade in products and services for Bitcoins becomes, the stronger Bitcoins become as a real and valued currency.

So, do print off that cold storage wallet and know that you are participating in a revolution. But, please keep a small amount of liquid Bitcoins that you spend on services and products.

[lamaze]

So what do you think is the percentage of hoarders and users in bitcointalk alone?