Mainstream Adoption

[gentlemand]

This, and unfortunately some of the business end up not accepting Bitcoin, or at least go from Bitcoin exclusive to accepting fiat again, for example amagimetals.com was bitcoin only but backpedaled as it seems not enough people was using it. We need more time.

It was a bold move on their part but also an easy way to fail and make yourself look like a silly sausage this early in the game. Gradual incentivisation is more sustainable and less catastrophic.

[1715017199]

1715017199

[chennan]

Honestly, I think the fact that it's not mainstream yet might have something to do with the negative connotation in association to silk road (but not much)

The real reason why it hasn't gone mainstream, imo, has to do with the fact that it hasn't been publicly displayed on major news sites since the downfall of silk road and the downfall of btc's CEO.  Give it some time though, evolution of currency is bound to happen and is going to happen in the near future.  As for now, enjoy the low prices for btc and stack up while you can

[RGBKey]

Although the volatility can be solved through payment processors, the payment processors still take a fee, even though it is much smaller than a credit card fee. They don't want to put in the effort to switch over.

[Blawpaw]

Hey guys,

It's been dawning on me for some time that there is one thing that businesses must hate.. credit card fees. So with this in mind why is mainstream adoption taking so long! We're not saying invalidate fiat currency and only accept BTC or Alt-coin but businesses don't seem to want to touch it?

What do you guys think the real issue is? Education among consumers and businesses? Volatile BTC price?

Tully

Trust and demand are growing steadily, however, the high volatility that we still see in Bitcoin is the main reason that leads uninformed people to automatically quit on BTC

[Enjorlas]

Make it trendy. Bitcoin will become fashionable for people at first. And that is how it will be adopted. Just like Starbucks was an unknown company at first, it became trendy and mainstream.

Drinking out of a cup with a Starbucks logo is nothing but a fashion statement.

[RGBKey]

Make it trendy. Bitcoin will become fashionable for people at first. And that is how it will be adopted. Just like Starbucks was an unknown company at first, it became trendy and mainstream.

I think people developing good looking mobile apps will be able to contribute to this. If your app is hard to use people aren't going to want to use bitcoin.

[Rimmer]

Make it trendy. Bitcoin will become fashionable for people at first. And that is how it will be adopted. Just like Starbucks was an unknown company at first, it became trendy and mainstream.

Drinking out of a cup with a Starbucks logo is nothing but a fashion statement.

I can't see people using it just because its trendy. People need a real reason to use it and at the moment most don't. I think if bitcoins value started to rise continually then people might get involved then like they did back in late 2013 but when it crashes they'll soon flee so we need to hope it can grow steadily.

[centauribit]

very few people in the world have any or truly understand what it is yet. Mainstream Adoption is a dreamlike for future and will take a few years yet.

[Herbert2020]

very few people in the world have any or truly understand what it is yet. Mainstream Adoption is a dreamlike for future and will take a few years yet.

yeah, in comparison to other assets , bitcoin is practically a toddler . so in order to go mainstream it has to grow much bigger than it has already. besides i think there are some faults in the system which needs fixing before anything big can happen.

[gripflierGO]

very few people in the world have any or truly understand what it is yet. Mainstream Adoption is a dreamlike for future and will take a few years yet.

Yes very few people are aware about the bitcoins yet and it will take a long time for bitcoins to hit the mainstream, bitcoin is getting popular day by day but it would not replace any major currency looking at the present scenario, when it replaces any major currency than there are chances that it would go on mainstream but still it would take few years.

[bitcoin revo]

I agree that bitcoin from a merchant adoption perspective is a negative point (for now) but it is wonderful speculative and gambling instrument

[RGBKey]

The volatile price and bad press reactions would be my first guess. It would be easy for people to leave a business just because they don't like decisions like choosing to accept bitcoin. People are strange.

[dothebeats]

very few people in the world have any or truly understand what it is yet. Mainstream Adoption is a dreamlike for future and will take a few years yet.

Yes very few people are aware about the bitcoins yet and it will take a long time for bitcoins to hit the mainstream, bitcoin is getting popular day by day but it would not replace any major currency looking at the present scenario, when it replaces any major currency than there are chances that it would go on mainstream but still it would take few years.

There is already a large user-base in bitcoin, the only thing lacking for us to hit mainstream adoption is the number of places in which we could actually use bitcoins to buy stuff. If the number of services and merchants accepting bitcoins increased, we might actually see mainstream adoption but for now, there is a limited market in which we could actually spend our bitcoins. Agree or not, we are mainly using bitcoin for investing and not much more than that. Most of us use bitcoin as an investment opportunity to take us to our millions and not for actual spending.