Wei H
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Activity: 1192
Merit: 1001
Chinese translator
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October 16, 2015, 05:13:31 PM |
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Maybe it's because other payment methods(credit cards. Paypal/Apple Pay, etc) are good enough, so why choose the complex Bitcoin?
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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BitMaxz
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Activity: 3248
Merit: 2965
Block halving is coming.
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October 16, 2015, 05:16:37 PM |
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I think the reason is why people stop using bitcoin because of there's to many scam site and low paying job I think thats the reason...
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ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
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October 16, 2015, 05:27:08 PM |
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The 1 MB blocksize limit limits how many poeple can use Bitcoin.
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cellard
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Activity: 1372
Merit: 1250
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October 16, 2015, 06:15:14 PM |
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The 1 MB blocksize limit limits how many poeple can use Bitcoin.
Wrong. Real usage has never pushed the 1MB blocksize. If there was real demand that was pushing the 1MB blocksize, things would be different. The only times 1MB blocksize has been somewhat pushed is by temporal and non real-use spam attacks. |
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QUEDOS
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Activity: 37
Merit: 0
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October 16, 2015, 06:19:12 PM |
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The 1 MB blocksize limit limits how many poeple can use Bitcoin.
The issues that bitcoin currently has will ultimately be solved and eradicated by other blockchain based applications and protocols |
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Nobitcoin
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Activity: 966
Merit: 1000
In holiday we trust
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October 16, 2015, 06:19:32 PM |
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Well I would presume that everything is faster when being paid for with fiat or credit cards. We live in a fast society and if the recent blockchain malleability attack was to once again happen it would make a slow system even worse.
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Testing Crypto
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October 16, 2015, 06:28:46 PM |
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What's stopping people from using the first automobile or prototype of anykind?
Nothing, some may understand the meaning in the sentance & some may not, just a thought.
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ZwNpPhVYrSrPMS71GLc7TEnbqA9VSZopGn // Gift5YapqsZqSTW8T4S3sCU4sngCkvh4ba // 3Gwc4KzVtuJ9ADnuqzF7XRhSaaE7HkBWpr // 1PAGEHrN62tgUHncGWbbhKe9jhZGXsxFC4
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi {SAT OS hi}
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tennozer
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October 16, 2015, 06:51:17 PM |
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After these improvement of bitcoin world, people will use bitcoin in the future. Will you stop to use dollar or euro? It is a kind of money so people will use it as a kind of money.
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brg444
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October 16, 2015, 07:06:05 PM |
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Gresham's law.
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"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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MaxTax
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October 16, 2015, 07:15:45 PM |
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The reason people aren't using BTC IMO is that there is no specific incentive to do so, yes there are companies accepting BTC but they are still a small amount compared to those accepting creditcards/cash and even though the fees associated with using BTC are significantly lower that still isn't a large enough motive to use it for most people, most of the people are using BTC as a commodity rather than money.
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Xialla
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Activity: 1036
Merit: 1000
/dev/null
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October 16, 2015, 07:17:22 PM |
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you know what? let me share my experience from last 2 days:
* I was unable to send bitcoin from my Mycelium IOS wallet due to "Invalid transaction" bug, so I had to use recovery seed and import wallet tu multibit.
* I was unable to withdraw my fiat from Bitstamp, because some relay bank for transfer is in my case part of Raiffeisen Banking Group, which is blocking bitcoin related transfers
also waiting time for first confirmation is madness time to time..
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RKing
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Activity: 56
Merit: 0
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October 17, 2015, 09:01:49 AM |
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The 1 MB blocksize limit limits how many poeple can use Bitcoin.
Wrong. Real usage has never pushed the 1MB blocksize. If there was real demand that was pushing the 1MB blocksize, things would be different. The only times 1MB blocksize has been somewhat pushed is by temporal and non real-use spam attacks. The so called stress test pushed to the limit of 1MB. Otherwise we are safe until the middle of next year. I believe the blocksize should increase 2MB every year. That is when side chains become popular. Otherwise, the blocksize should be even higher. |
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cjmoles
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Activity: 1176
Merit: 1016
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October 17, 2015, 09:20:02 AM |
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I think the reason is why people stop using bitcoin because of there's to many scam site and low paying job I think thats the reason...
I couldn't agree more. Bitcoin seems to be attracting more and more thieves everyday. It's beginning to live up to its bad reputation. It's sad that such an awesome technology's most useful application is dealing in illicit activities.... |
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Amph
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Activity: 3206
Merit: 1069
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October 17, 2015, 10:00:56 AM
Last edit: October 17, 2015, 11:34:59 AM by Amph |
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The 1 MB blocksize limit limits how many poeple can use Bitcoin.
Wrong. Real usage has never pushed the 1MB blocksize. If there was real demand that was pushing the 1MB blocksize, things would be different. The only times 1MB blocksize has been somewhat pushed is by temporal and non real-use spam attacks. well he is talking about real adoption , imagines with 1B people using bitcoin, do you really think that 1MB would suffice? sidechain is just a complex option for average people, i dunno if they could ever use it if a large % can not understand bitcoin yet... |
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Mickeyb
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October 17, 2015, 10:28:46 AM |
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The 1 MB blocksize limit limits how many poeple can use Bitcoin.
Wrong. Real usage has never pushed the 1MB blocksize. If there was real demand that was pushing the 1MB blocksize, things would be different. The only times 1MB blocksize has been somewhat pushed is by temporal and non real-use spam attacks. well he is talking about real adoption , imagine with 1B people using bitcoin, do you really think that 1MB would suffice? sidechain is just a complex option for average people, i dunno if they could ever use it if a large % can not understand bitcoin yet... People use most of the things in their lives without even knowing how thing are functioning so I don't see any problem here. Do you think people know how email actually works or how Web pages are written and what technology are they using? No. All the average Joe out there cares about is an end result and confidence that promised will happen. That's it, nothing else matters! |
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S4VV4S
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October 17, 2015, 10:31:46 AM |
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One of the reasons is because Bitcoin costs money to acquire (more than it's value) due to exchange fees, bank fees, etc.
It's just not worth it for most people.
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gentlemand
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Activity: 2590
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Welt Am Draht
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October 17, 2015, 12:12:17 PM |
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One of the reasons is because Bitcoin costs money to acquire (more than it's value) due to exchange fees, bank fees, etc.
It's just not worth it for most people.
Yup. It's a totally pointless process to pay for something so you can pay for something. You want some super cool item? You have to buy your bitcoin with a card, er, why not buy the item with the card. Or you have to dick around with verifications, wait for bank transfers or meet some guy in a coffee shop and pay him a premium. It doesn't make any sense. Paying out in Bitcoin would be the key to increasing usage. Doesn't have to be wages. It could be via gift cards, cashback, change. If it arrives in peoples' hands without having to grind for it, that's when they'll pay attention. |
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iram66680
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October 17, 2015, 12:19:24 PM |
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Bitcoin lacks regulation which makes interested believe that it is merely a ponzi scheme like other digital currency. However, with too much regulations, people would be less interested as regulations display Bitcoin as a very risky investments and limits the methods one can buy Bitcoin with.
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Wapinter
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Activity: 2632
Merit: 1026
Hire me for Bounty Management
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October 17, 2015, 12:29:55 PM |
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Most of people do not use bitcoin because they dont have bitcoin.Regular traditional job still do not pay in bitcoin,earning bitcoin in part time is not possible for everyone because of limited availability of such jobs for all type of skills.Faucet can never give you any considerable amount of bitcoin.Who wouldn't use if he has something valuable in possession?. So how are they suppose to use something which they dont have?.The only option left to them is buying btc but maybe due to high volatility of its prices,they hesitate to go for this option
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ridery99
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October 17, 2015, 12:47:06 PM |
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Me and my friends are just waiting for a lower price to buy and then we want to dump it to earn fiat. Nobody want's to use it because it's easier to use paypal.
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