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Author Topic: What sort of event will trigger mass adoption?  (Read 2776 times)
lunarboy
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November 09, 2014, 01:32:37 AM
 #21

A series of exponentially increasing valuation bubbles, and the subsequent redistribution of that newly created wealth, into the hands of those that find the greatest utility, will create a self fulfilling network effect. Hence adoption will drive mass adoption.

Bitcoin is a financial virus. The greatest trick Satoshi ever pulled was capitalizing corporate greed against itself.

  / true story.
mmortal03
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November 09, 2014, 07:56:45 AM
 #22

Keep spreading the word, people! Every Lyft or Uber that I take, I've been casually mentioning Bitcoin to the driver, and then telling them a little bit about it. None of them so far have really heard that much about it. Once PayPal integrates it, theoretically even Lyft or Uber will be able to accept it. Even more awesome would be Bitpay or Coinbase integrated directly into their apps as one of the alternate payment options.
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November 09, 2014, 08:31:55 AM
 #23

A series of exponentially increasing valuation bubbles, and the subsequent redistribution of that newly created wealth, into the hands of those that find the greatest utility, will create a self fulfilling network effect. Hence adoption will drive mass adoption.

Bitcoin is a financial virus. The greatest trick Satoshi ever pulled was capitalizing corporate greed against itself.

  / true story.
It sounds like you are arguing that bitcoin will need to become more evenly distributed in order for more people to adopt to using it. I would agree that bubbles will likely encourage people who hold large amounts of bitcoin to sell a portion of their holdings however I would disagree that this is the only reason why people with large bitcoin holdings will want to sell their bitcoin
Kluge
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November 09, 2014, 10:35:43 PM
 #24

I was thinking about the influence of factories on culture at work, mostly as it related to religion. It's basically impossible to adhere to any kind of modesty/repression-demanding religious ruleset in a modern US factory with American-style management, and I was wondering if it might've helped lead the decline of Christianity in the US more than the free flow of ideas.

Probably the best chance of a mass adoption trigger exponentially increasing price and user base would be a major outsourced payroll company offering all employees the option to take a percentage of their pay in BTC by default, especially because the change would trigger HR sending out communications alerting everyone to the change along with an explanation.
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November 10, 2014, 12:01:33 AM
 #25

The so called remittance market seems to have not taken off.

Maybe tourism will be the next. Tickets, pubs, ATM's and hotels.

Kluge
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November 10, 2014, 01:48:41 AM
 #26

The so called remittance market seems to have not taken off.

Maybe tourism will be the next. Tickets, pubs, ATM's and hotels.
Remittance market's so damn difficult to tap into because they're inherently "foreign." I don't assume people paying remittances have a lot of time on their hands. Seems like there's not really a route for Bitcoin awareness to spread outside word of mouth.... maybe producing materials in multiple languages which could be passed around might help. It's definitely a place for grassroots, but it seems like it'd need a massive push. For example, US-Mexico remittance would need offices in both countries organized as non-profits, where they help people send and receive money without fuss and fees. ATMs and ATMs with internal user wallets could be immensely helpful here since it could allow this non-profit to only need to exist for a few years as a kind of stop-gap while also being an educator.

The best bet might be a NFP talking to employers in appropriate areas about how they can help their employees get more out of their paycheck, and how the employer can build good will in the process. Mass mailings targeting employers might also be cost-effective...
ScreamnShout
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November 12, 2014, 06:07:42 AM
 #27

The so called remittance market seems to have not taken off.

Maybe tourism will be the next. Tickets, pubs, ATM's and hotels.
Remittance market's so damn difficult to tap into because they're inherently "foreign." I don't assume people paying remittances have a lot of time on their hands. Seems like there's not really a route for Bitcoin awareness to spread outside word of mouth.... maybe producing materials in multiple languages which could be passed around might help. It's definitely a place for grassroots, but it seems like it'd need a massive push. For example, US-Mexico remittance would need offices in both countries organized as non-profits, where they help people send and receive money without fuss and fees. ATMs and ATMs with internal user wallets could be immensely helpful here since it could allow this non-profit to only need to exist for a few years as a kind of stop-gap while also being an educator.

The best bet might be a NFP talking to employers in appropriate areas about how they can help their employees get more out of their paycheck, and how the employer can build good will in the process. Mass mailings targeting employers might also be cost-effective...
Well if both countries have large enough acceptance/adoption rates then sending bitcoin from one country to another would no longer be "Remittance" but would rather be simply transferring money via bitcoin.

This does not solve the adoption problem, but rather gives another potential use once adoption increases
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November 12, 2014, 07:42:11 AM
 #28

We must differentiate "mass adoption" from "mass acquisition" of bitcoin. "Mass acquisition" is when majority of the public buy bitcoin, and "mass adoption" is when majority of the public buy AND use bitcoin for transactions. "Mass adoption" can only come when large numbers of merchants, resellers, and service providers accept bitcoin. The penetration takes time, there is no one event which can trigger "mass adoption" worldwide.
Swordsoffreedom
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November 12, 2014, 08:56:22 AM
 #29

Another recession or perhaps some really significant press news
It's really hard to tell were at the stage where were moving now but where adoption is growing steadily
What makes it mainstream might just be an application that makes it a lot easier to acquire.

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