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AtheistAKASaneBrain
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April 24, 2015, 12:36:03 PM |
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
It's probably going to take a lot of marketing work to get it out there for the common pleb. Probably some celebrity using it and tweeting about it would make it really known amongst the non geek herd. |
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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AmazonStuff
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April 24, 2015, 12:54:27 PM |
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When I describe bitcoin to my friends, their usual argument against bitcoin is:
"Why would we spend time to exchange cash or credit card or money from the bank account for bitcoin and then to exchange bitcoin for a gift card in order to buy something, when we can use credit card and buy something in a second."
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thejaytiesto
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Activity: 1358
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April 24, 2015, 02:52:31 PM |
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When I describe bitcoin to my friends, their usual argument against bitcoin is:
"Why would we spend time to exchange cash or credit card or money from the bank account for bitcoin and then to exchange bitcoin for a gift card in order to buy something, when we can use credit card and buy something in a second."
This is also the case with my friends. They see is as stupid converting their money to buy the same stuff they can buy directly with cash/fiat/credit card. What they don't see is the huge advantages it gives you as an entrepreneur: creating an address vs having to create a bank account etc etc. |
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pitham1
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April 24, 2015, 03:49:56 PM |
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When I describe bitcoin to my friends, their usual argument against bitcoin is:
"Why would we spend time to exchange cash or credit card or money from the bank account for bitcoin and then to exchange bitcoin for a gift card in order to buy something, when we can use credit card and buy something in a second."
I usually try by responding that you can send as small an amount as $2 to somebody in Iran using Bitcoin. They usually don't have any use for that. So I show them how to gamble using bitcoins.  |
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minerpumpkin
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April 24, 2015, 05:17:10 PM |
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
It's probably going to take a lot of marketing work to get it out there for the common pleb. Probably some celebrity using it and tweeting about it would make it really known amongst the non geek herd. I don't think that people can be influenced that easily. There needs to be an incentive to use it. Marketing doesn't work how many people think it works. If it was enough to have some rich celebrities advertising your product, the Tidal music service wouldn't fail like it apparently does. |
I should have gotten into Bitcoin back in 1992...
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minerpumpkin
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April 24, 2015, 05:19:06 PM |
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When I describe bitcoin to my friends, their usual argument against bitcoin is:
"Why would we spend time to exchange cash or credit card or money from the bank account for bitcoin and then to exchange bitcoin for a gift card in order to buy something, when we can use credit card and buy something in a second."
That's spot on. For most people there's no real incentive to use BTC (yet). It will never become a currency or payment system used for paying your day-to-day grocery shopping or buy a coffee somewhere. We have to concentrate on the things it can do really well: It's an open protocol for transferring wealth(!!!) this is actually incredible! I think it may still take some time for people to realize the true power of this idea and technology! |
I should have gotten into Bitcoin back in 1992...
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oblivi
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April 24, 2015, 05:58:42 PM |
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
It's probably going to take a lot of marketing work to get it out there for the common pleb. Probably some celebrity using it and tweeting about it would make it really known amongst the non geek herd. I don't think that people can be influenced that easily. There needs to be an incentive to use it. Marketing doesn't work how many people think it works. If it was enough to have some rich celebrities advertising your product, the Tidal music service wouldn't fail like it apparently does. The Tidal comparative is a good one. However, some good ol marketing never hurts. The great thing on Bitcoin is accepting payments as an entepreneur.. just look at this: https://www.youtube.com/watch?v=_0dolA7NBbIThis girl for example, is selling her own clothes overcoming the banking hell, just with a simple BTC wallet. |
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seoincorporation
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Top Crypto Casino
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April 24, 2015, 06:09:13 PM |
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It has been 8 years since Bitcoin was introduced to the public by an individual who called himself as Satoshi Nakamoto. Bitcoin is described as a peer-to-peer decentralized digital currency that can be transferred to someone without any involvement of banks and other financial entities. Bitcoin became a very interesting option for giving mobile banking services to the people who doesn't have any banking information in underdeveloped countries in the world. Read more: http://bitforum.info/t/why-bitcoin-mass-adoption-is-still-not-happening/830In your own opinion what are the reasons why mass bitcoin adoption is still not happening right now? 1.- We are now 7,310,400,000 of people in the world there is not enough bitcoin for all. 2.- People will start using bitcoin when it change to a necessity rather than an extra. 3.- Bitcoin users are not spreading the word by the right way. Bitcoin is a complex topic and not for all, bitcoin is for smart people and for technological people. We need to make it look easy for all the users. |
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Biodom
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April 24, 2015, 06:18:53 PM |
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
I think that bitcoin price is low because people don't realize or value the fact that bitcoin is an unencumbered asset, similar to a piece of gold or cash in hand. Mind you, this is not true if you hold GLD ETF instead of actual gold or GBTC stock instead of actual bitcoin. Apart from mobility (you can send bitcoin, but probably not gold), people do not value bitcoin's properties. The result is a low BTC price. |
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Chef Ramsay
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April 24, 2015, 06:19:47 PM |
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Whatever happened to that marketing campaign that the btc foundation in collusion w/ a bunch of others that they were embarking on. Seems like I read about this in the general or press subforum like w/i the last few months.
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minerpumpkin
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April 24, 2015, 06:35:31 PM |
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
It's probably going to take a lot of marketing work to get it out there for the common pleb. Probably some celebrity using it and tweeting about it would make it really known amongst the non geek herd. I don't think that people can be influenced that easily. There needs to be an incentive to use it. Marketing doesn't work how many people think it works. If it was enough to have some rich celebrities advertising your product, the Tidal music service wouldn't fail like it apparently does. The Tidal comparative is a good one. However, some good ol marketing never hurts. The great thing on Bitcoin is accepting payments as an entepreneur.. just look at this: https://www.youtube.com/watch?v=_0dolA7NBbIThis girl for example, is selling her own clothes overcoming the banking hell, just with a simple BTC wallet. It's very interesting to see which people opt to use Bitcoin. Many if them even had a bad encounter with banks at some point, while others simply admire the idea and technological possibilities behind Bitcoin. The example you're talking about is an interesting one! But I'd also like to see more instances with "regular" businesses so people see that you don't need to be someone "crazy" in irder to accept Bitcoin! |
I should have gotten into Bitcoin back in 1992...
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Natalia_AnatolioPAMM
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April 24, 2015, 06:40:14 PM |
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
why not? having a kind of a credit card with bitcoins in there ,paying with or without any transactions |
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Amph
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April 25, 2015, 08:03:35 AM |
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It has been 8 years since Bitcoin was introduced to the public by an individual who called himself as Satoshi Nakamoto. Bitcoin is described as a peer-to-peer decentralized digital currency that can be transferred to someone without any involvement of banks and other financial entities. Bitcoin became a very interesting option for giving mobile banking services to the people who doesn't have any banking information in underdeveloped countries in the world. Read more: http://bitforum.info/t/why-bitcoin-mass-adoption-is-still-not-happening/830In your own opinion what are the reasons why mass bitcoin adoption is still not happening right now? 1.- We are now 7,310,400,000 of people in the world there is not enough bitcoin for all. 2.- People will start using bitcoin when it change to a necessity rather than an extra. 3.- Bitcoin users are not spreading the word by the right way. Bitcoin is a complex topic and not for all, bitcoin is for smart people and for technological people. We need to make it look easy for all the users. between all those 7B people many are children and they don't need it other are woman they use it less, and old people too, let's say that in reality there is only 3B at max that could need bitcoin, now bitcoin is divisible up to 1/100M, therefore there are plenty of bitcoin for everyone, as long as the price will raise the problem is only the price right now, i'm sure that with a better price there will be a better adoption, the latter follow the first |
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minerpumpkin
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April 25, 2015, 09:23:04 PM |
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
why not? having a kind of a credit card with bitcoins in there ,paying with or without any transactions Because if you're using a credit card, you're not using Bitcoin per se. You can use a credit card that is backed by Bitcoin (like the Bit-X credit card), but you're not using the Bitcoin protocol that way, since with Bitcoin you can only 'push' money, but never 'pull' money. Credit cards work the other way around! |
I should have gotten into Bitcoin back in 1992...
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ensurance982
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April 25, 2015, 10:05:41 PM |
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Whatever happened to that marketing campaign that the btc foundation in collusion w/ a bunch of others that they were embarking on. Seems like I read about this in the general or press subforum like w/i the last few months.
When I heard about the Foundation doing a marketing campaign I was kind of perplexed. They're usually known for doing all kinds of things without actually pushing Bitcoin's adoption. That campaign really seemed like a good idea. What are you implying, what happened to it? :/ |
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BitCoinMadness
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April 26, 2015, 05:16:11 AM |
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Mass adoption is not happening because the bitcoin price/market capitalization is too low. If and when the price gets well into the thousands of dollars, then mass adoption has a chance. The price is having a hard time going up because it's still quite difficult for the average person to buy or take a long position in.
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bitcoin_bagholder
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April 26, 2015, 05:27:35 AM |
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Mass adoption is not happening because the bitcoin price/market capitalization is too low. If and when the price gets well into the thousands of dollars, then mass adoption has a chance. The price is having a hard time going up because it's still quite difficult for the average person to buy or take a long position in.
Sorry but that's not how it works. There's more adoption now at $220 USD than there was when it was +$1000 USD. |
Bitmixer sucks
Bit-X sucks
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GingerAle
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April 26, 2015, 05:43:39 AM |
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Mass adoption is not happening because the bitcoin price/market capitalization is too low. If and when the price gets well into the thousands of dollars, then mass adoption has a chance. The price is having a hard time going up because it's still quite difficult for the average person to buy or take a long position in.
Sorry but that's not how it works. There's more adoption now at $220 USD than there was when it was +$1000 USD. Yeah, people will use bitcoin when it becomes stable or shows a healthy gradual (slow) increase (1-3% per year). This will convince people to buy in and hold bitcoin so they have it available for when they want to use it, but they don't fear the price completely crashing |
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Searing
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Clueless!
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April 26, 2015, 05:54:26 AM |
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well from my uniformed viewpoint...they just busted ONE GUY using COMPUTER TOOLS available in 2008 for making 40 million bucks from his home no less on the computer for the flash crash of 2008 (and wall street had controls at that time ...better ones now...but still) so what do you think a WHALE on the bitcoin exchanges can do on a completely UNREGULATED wild wild west format to make fake sell walls etc (see tricks of the guy above) to show price always declining and play this again unregulated bitcoin market/exchanges down down and down on a whim..because as a huge ass whale in BTC they can? http://www.wsj.com/articles/u-k-man-arrested-on-charges-tied-to-may-2010-flash-crash-1429636758assuming things are going in the manner of what I say above and the link... has any merit of what I say ...seems to me it makes a lot more sense what is going on with BTC price but then again I know zip (I at one time drank the BFL and KNC Kool Aid) so take anything I say with a 'block of salt" |
Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:) |
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d5000
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April 26, 2015, 11:12:32 AM |
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Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).
I think the same. Bitcoin (and cryptocurrency in general) has its market niche - eCommerce and remittances, but this niche is much larger than the amount of bitcoins used in it. The great question affection "bitcoin" itself is what will happen to PoW: if the mining sector can be sustained by growth. If not, there surely will be an advantage for PoS, PoB or PoI coins (PPC, NXT, NEM, SLM etc.). |
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