Why Is Mass Bitcoin Adoption Still Not Happening?

[redsn0w]

Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

[d5000]

Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

[GingerAle]

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-1429636758


assuming 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"

PAYWALL

[gentlemand]

PAYWALL

All you gotta do is google the byline - u-k-man-arrested-on-charges-tied-to-may-2010-flash-crash-1429636758

and you usually end up on the article minus paywall.

[AtheistAKASaneBrain]

Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.

[Amph]

Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.

you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed

[BitCoinMadness]

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.

I agree there is more adoption now at $220 (now $215-ish) than there was when it was >$1000 USD. At $1000+, price was way ahead of itself (i.e. the amount of adoption at the time). Hence, price fell. Adoption is catching up (if not already caught up) to the current $220-ish price. Increased adoption and more adoption over time will stall out at some point  (and arguably is slowing down, at least at the moment) if the price doesn't go up much from here.
 
The build out of the ecosystem and price go hand-in-hand, although you may not see that in the short term or even intermediate term. Price isn't the only thing, but it is a long term critical component to mass adoption. Don't kid yourself into thinking price doesn't matter.

[BitCoinMadness]

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).

Maybe not in America and other first world countries. But in many third world countries, it may indeed be the standard someday.

[redsn0w]

Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

Exactly! Bitcoin will stay only a valid alternative for send a large quantity of money (but also a little quantity) without spend a lot of fees.

...
I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.

Maybe it could be implemented a sort of alias system (like the nxt one).

....
you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed

But you should copy at least one time the address before save it in the personal address-book. However the problem, like I said previously it is only based on a 'non user-friendlyness' nothing else.

[mmortal03]

you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed

This goes against the practice of avoiding address re-use.

[thejaytiesto]

Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.

you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed

Using a different address each time is advised for privacy reasons. I also think in the future, the layout of how things are done will change. What's stopping mainstream adoption is basically the fact there aren't jobs paid in BTC. For the average ignorant Joe, it's not going to be on their plans to exchange their hard earned wage for some foreign internet currency.
If you get the money directly in Bitcoin, you are more prone to get interested on it. For Bitcoin to become a legitimate currency, we need jobs that pay on it.

[redsn0w]

Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.

you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed

Using a different address each time is advised for privacy reasons. I also think in the future, the layout of how things are done will change. What's stopping mainstream adoption is basically the fact there aren't jobs paid in BTC. For the average ignorant Joe, it's not going to be on their plans to exchange their hard earned wage for some foreign internet currency.
If you get the money directly in Bitcoin, you are more prone to get interested on it. For Bitcoin to become a legitimate currency, we need jobs that pay on it.

Basically, if bitcoin 'wants' to be a real currency I think the governments should start to accept it as currency for pay (or better receive) the taxes; but unfortunately bitcoin is decentralised so it will never go mainstream because the various govern. will not accept it as 'currency' .... instead they will ban it.

[futureofbitcoin]

Using a different address each time is advised for privacy reasons. I also think in the future, the layout of how things are done will change. What's stopping mainstream adoption is basically the fact there aren't jobs paid in BTC. For the average ignorant Joe, it's not going to be on their plans to exchange their hard earned wage for some foreign internet currency.
If you get the money directly in Bitcoin, you are more prone to get interested on it. For Bitcoin to become a legitimate currency, we need jobs that pay on it.

You realize that if they're not going to exchange their hard earned wage for some foreign internet currency, they're not going to exchange their hard work for some foreign internet currency either, right? They'll simply not consider jobs paying bitcoin just as you won't consider working for someone who will pay you monopoly money.

[gentlemand]

Basically, if bitcoin 'wants' to be a real currency I think the governments should start to accept it as currency for pay (or better receive) the taxes; but unfortunately bitcoin is decentralised so it will never go mainstream because the various govern. will not accept it as 'currency' .... instead they will ban it.

A couple of US states have tentative plans for that very type of use right now. It's only really a vehicle for transmitting USD to them but it's still a large stamp of legitimacy.

[ensurance982]

...
They'll simply not consider jobs paying bitcoin just as you won't consider working for someone who will pay you monopoly money.

I don't know why you wouldn't want to work for Bitcoin, I would definitely work for a fair amount of BTC. Monopoly money on the other hand can be reproduced arbitrarily and has no accepted value, thus I wouldn't work for it. But I guess I won't be able to convince you tonight

[btcxyzzz]

Because Average Joe is ignorant prick. Anyways, mass adoption is not what will drive Bitcoin up, it's store of value and remmitances.

[futureofbitcoin]

Because Average Joe is ignorant prick. Anyways, mass adoption is not what will drive Bitcoin up, it's store of value and remmitances.

remittances aren't gonna work if average joes, i.e the people who are USING the remittance don't use it.

Also, remittances aren't going to work until bitcoin price is stable. i.e it will have already gone mainstream.

[gentlemand]

Because Average Joe is ignorant prick. Anyways, mass adoption is not what will drive Bitcoin up, it's store of value and remmitances.

Average Joe ends up using whatever the serious players and powers that be want him to use. If there's a collective will to have him ending up using BTC then he will eventually.

[techgeek]

I still think its going at a rapid or good pace.

If you compare a system to have traction in a time period with the dollar.

Its doing more work then our current financial system, and beating golds standard as well with short period time. Not beat, but being comparable at a short span of time which most dont credit.

[ensurance982]

Because Average Joe is ignorant prick. Anyways, mass adoption is not what will drive Bitcoin up, it's store of value and remmitances.

Well I guess it comes down how you define 'mass adoption', but in my book 'mass adoption' also includes the (at least somewhat) widespread use of Bitcoin as a store of value and use of it in remittance services.