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Author Topic: The problem with bitcoin is buying bitcoin  (Read 5409 times)
little tiger
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October 31, 2014, 03:38:46 AM
 #81

If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it.
Unfortunately at the moment its way to complicated.

People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.



eh, i think the way is easy enough for me, not complicated at all,
too easy is not good, cause it will certainly cause some trouble for us, for example, it is too fast to buy it when the second minute we decide  not to buy it.
BayAreaCoins
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October 31, 2014, 03:45:33 AM
Last edit: October 31, 2014, 05:30:35 AM by BayAreaCoins
 #82

I'm sure more and more ways will come around to earn Bitcoin.  Such as decentralized game play and offering services.

You can already offer services on your own, but I mean like services that are laid out for you (such as where you can rent your car by the day... I can't remember what they are called.)

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www.getaround.com

https://AltQuick.com/exchange/ - Trade altcoins & Bitcoin Testnet coins with real Bitcoin. Fast, private, and easy!
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ANTIcentralized
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October 31, 2014, 05:28:22 AM
 #83

In Australia we cant connect our bank accounts to Coinbase or Circle yet so buying bitcoins is still not as easy as it should be. Bitcoin ATM are great but that's only when there working. There is always Localbitcoins but it's not always convenient if you haven't got time to meet someone or cant do bank transfer for some reason.
I'm with the OP on this one, if we really want this to kick off in a big way then we need btc ATM everywhere, even an old granny could use one.
I agree that bitcoin ATMs are likely going to be the way that many people will end up buying bitcoin in mass. Using exchanges can be a cumbersome process that takes several weeks just to get setup.

I would say the hurdle preventing more BTC ATMs from popping up is the major capital investing required to have a BTC ATM, as you would need to have a lot of fiat (or a line of credit) at the exchange to cover any purchases of bitcoin by your customers.
rrock
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October 31, 2014, 06:04:39 AM
 #84

why the problem is buying bitcoin while it should be the acceptance of the public.
bitkilo
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October 31, 2014, 07:00:22 AM
 #85

why the problem is buying bitcoin while it should be the acceptance of the public.

Because acceptance of the public relies on the public actually being able to buy bitcoins.

waser12
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November 02, 2014, 06:00:42 PM
 #86

I don't see the problem, its not so difficult to buy bitcoins, you have a lot of ways to buy.

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