Bitcoin Interest... again

[unsoindovo]

The interest in Bitcoin is stagnant from exactly one year!
Just do a google trend research...
What would you think it is needend to comeback interest on Bitcoin???

Obviously an increase in the value but what else?

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[Slark]

It is because most of bitcoin users are a dreamers who only wait for price to go 'to the moon' by itself. That is why we have only weak and inept business invigoration attempts which changes nothing really and our community reacts with panic after every little problem emerges.

[farlack]

Bitcoin was in the news, and on the radio a lot. That's why people were searching it.

[crazyivan]

I would put my money on Wall Street. The moment any of these investment funds starts operating and BTC start being traded on Nasdaq, you ll see interest going up big time.

Besides that, I see no other major event in immediate future.

[unsoindovo]

It is because most of bitcoin users are a dreamers who only wait for price to go 'to the moon' by itself. That is why we have only weak and inept business invigoration attempts which changes nothing really and our community reacts with panic after every little problem emerges.

i think this is just a part of bitcoin users..
i'm sure there are a lot of people who fight to decentralize world banks power.
i'm one of this kind of users :-)

then we can discuss about Bitcoin foundation bankrupt, who have spent a lot of money last years without introduce really innovation in bitcoin...

[medUSA]

The interest in Bitcoin is stagnant from exactly one year!
Just do a google trend research...
What would you think it is needend to comeback interest on Bitcoin???

Interest in bitcoin has grown for the past year. We cannot judge the interest in bitcoin by its price.

I was reading a review yesterday about bitcoin's "performance" last month:
https://bitcointalk.org/index.php?topic=1011563
(Looking Back On March: A Month In Review)

There are encouraging news all around the world and they get brushed aside because price hasn't risen. I truly believe bitcoin could be successful at any price level, $200 or $800, as long as price is stable.

[bryant.coleman]

Bitcoin is extremely undervalued right now. One of the reasons might be that the reputation of Bitcoin is tarnished beyond repair, due to various scandals such as Mt Gox, Silk Road,  Silk Road 2.0, Sheep Marketplace.etc. Another reason might be an oversupply of coins. This might be caused by some thieves dumping huge amount of coins (can be the Mt Gox thief, or the SMP thief).

[unsoindovo]

I would put my money on Wall Street. The moment any of these investment funds starts operating and BTC start being traded on Nasdaq, you ll see interest going up big time.

Besides that, I see no other major event in immediate future.

waiting for Winklevoss sons ETF
but maybe are just a lot of words...
only smoke without fire.

[Enjorlas]

The interest in Bitcoin is stagnant from exactly one year!
Just do a google trend research...
What would you think it is needend to comeback interest on Bitcoin???

Interest in bitcoin has grown for the past year. We cannot judge the interest in bitcoin by its price.

I was reading a review yesterday about bitcoin's "performance" last month:
https://bitcointalk.org/index.php?topic=1011563
(Looking Back On March: A Month In Review)

There are encouraging news all around the world and they get brushed aside because price hasn't risen. I truly believe bitcoin could be successful at any price level, $200 or $800, as long as price is stable.

He isn't judging interest by price. He is judging by how many people search for it on Google.

[Ron~Popeil]

Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

Secondly, we have utterly failed to educate the public on the advantages of bitcoin. We talk about bitcoin technology and how it is the "internet of money" but as a day to day thing people know very little about it and even less about how to actually use it. I place blame primarily on the bitcoin foundation for that. They are supposed to be our voice to the world but all they seem to do is enrich themselves and allow corrupt individuals to create some token credibility by selling them memberships.  

[bryant.coleman]

Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

You are 100% correct. See what happened with the Mt Gox robbery. Some $500 million worth of coins and tens of millions of USD in cash were stolen. Tens of thousands of people lost their life savings, including some of the earliest adapters of Bitcoin. And the person who perpetrated that robbery is still living his life lavishly in 5-star hotels and casinos.

[unsoindovo]

The interest in Bitcoin is stagnant from exactly one year!
Just do a google trend research...
What would you think it is needend to comeback interest on Bitcoin???

Interest in bitcoin has grown for the past year. We cannot judge the interest in bitcoin by its price.

I was reading a review yesterday about bitcoin's "performance" last month:
https://bitcointalk.org/index.php?topic=1011563
(Looking Back On March: A Month In Review)

There are encouraging news all around the world and they get brushed aside because price hasn't risen. I truly believe bitcoin could be successful at any price level, $200 or $800, as long as price is stable.

He isn't judging interest by price. He is judging by how many people search for it on Google.

you get it Enjorlas.
i'm speaking about lose in bitcoin interest from peoples...

i hope this is not just for the bitcoin downtrend.
here there are a lot of people who trust in this tecnology...
for example.. there are a lot of people who are mining with a slight loss, just to contribute to the maintenance of the blockchain...
and this is just one example...

[unsoindovo]

Bitcoin is extremely undervalued right now. One of the reasons might be that the reputation of Bitcoin is tarnished beyond repair, due to various scandals such as Mt Gox, Silk Road,  Silk Road 2.0, Sheep Marketplace.etc. Another reason might be an oversupply of coins. This might be caused by some thieves dumping huge amount of coins (can be the Mt Gox thief, or the SMP thief).

i do not know if the reason might be an oversupply of coins...
but for sure exchange do an increase of money supply...
do you know fractional reserve???

http://en.wikipedia.org/wiki/Fractional-reserve_banking

[gentlemand]

Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

You are 100% correct. See what happened with the Mt Gox robbery. Some $500 million worth of coins and tens of millions of USD in cash were stolen. Tens of thousands of people lost their life savings, including some of the earliest adapters of Bitcoin.

It might really go places once people are bright enough to separate the scum from the technology. That'll be a slow and steady process which may well never happen, but you never know.

[unsoindovo]

Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

i'm with you...
but remeber...
mt-gox, bitstamp and other story there was just for human error or unsuitability, superficiality.
Not for bitcoin security flaw...

Secondly, we have utterly failed to educate the public on the advantages of bitcoin. We talk about bitcoin technology and how it is the "internet of money" but as a day to day thing people know very little about it and even less about how to actually use it. I place blame primarily on the bitcoin foundation for that. They are supposed to be our voice to the world but all they seem to do is enrich themselves and allow corrupt individuals to create some token credibility by selling them memberships.  

for each type of change always are taken 2 factors:
one that offers a new standard, and one that is willing to use it.
Probably, a few people have understood the importance of decentralization.
The community should engage much in spreading the real innovations introduced by bitcoin.

[Hazir]

Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

Secondly, we have utterly failed to educate the public on the advantages of bitcoin. We talk about bitcoin technology and how it is the "internet of money" but as a day to day thing people know very little about it and even less about how to actually use it. I place blame primarily on the bitcoin foundation for that. They are supposed to be our voice to the world but all they seem to do is enrich themselves and allow corrupt individuals to create some token credibility by selling them memberships.  

Firstly, fraud will be always part of bitcoin world. People are just too lazy to understand that they can protect themselves from scammers and fraudsters. Evolution black market had anti scam protection system installed and guess what? People didn't use it because they were too lazy to do it. Secondly blaming bitcoin and link it with child porn or ISIS is like blaming gun factory for all death caused by their guns because people use it in a wrong way.

[unsoindovo]

Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

You are 100% correct. See what happened with the Mt Gox robbery. Some $500 million worth of coins and tens of millions of USD in cash were stolen. Tens of thousands of people lost their life savings, including some of the earliest adapters of Bitcoin.

It might really go places once people are bright enough to separate the scum from the technology. That'll be a slow and steady process which may well never happen, but you never know.

I really hope that all the bitcoin community, the foundation first, focuses on the development of the protocol bitcoin improving it and continuing to innovate, but that focuses equally on the spread of knowledge of bitcoins to bring more people to this technology.
People who have less knowledge must necessarily be educated by those who have more.
It will be very long and maybe tiring ....
but at the end I'm sure that the protocol will become a worldwide standard.

[bryant.coleman]

It might really go places once people are bright enough to separate the scum from the technology. That'll be a slow and steady process which may well never happen, but you never know.

Hmm... even exchanges with very high security levels such as Bitstamp have been hacked and their coins stolen. It will happen for the foreseeable future, and Bitcoin's reputation will continue to go down the drain.

[crazyivan]

Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

Secondly, we have utterly failed to educate the public on the advantages of bitcoin. We talk about bitcoin technology and how it is the "internet of money" but as a day to day thing people know very little about it and even less about how to actually use it. I place blame primarily on the bitcoin foundation for that. They are supposed to be our voice to the world but all they seem to do is enrich themselves and allow corrupt individuals to create some token credibility by selling them memberships.  

+1 to this. I have a feeling that most of community sits on their hands and waits for the price to go up. This is not gonna happen without strong promotion and involvement of all of its members. Regarding fraud, I ve already stated my position about this. Bitcoin needs a system/agency/legislation which would provide a consumer protection function. In other words, somebody you can ask for help if you get scammed when dealing with BTC.

[Amph]

It might really go places once people are bright enough to separate the scum from the technology. That'll be a slow and steady process which may well never happen, but you never know.

Hmm... even exchanges with very high security levels such as Bitstamp have been hacked and their coins stolen. It will happen for the foreseeable future, and Bitcoin's reputation will continue to go down the drain.

banks also are not that secure(there were many case of stolen money all over the world), they aren't so much different then current bitcoin situation, yet people keep trust them, so it's a matter of habit than anything else