What's stopping people from using bitcoin?

[ranochigo]

Bitcoin is vulnerable and perishable.One can lose it during transaction,wallet hack or theft and it is not recoverable.I think that is also one of the main reasons stopping people from using bitcoin.When it comes to money,safety takes the priority

You can also lose fiat if you drop it, no way of refunding it back. Having to lose your wallet from theft should not be a major turn off. You can take security precautions against such attack. Frankly speaking, it would be hard to get virus on your computer if you do not download programs randomly. (Excluding physical access).

i think it is because some are afraid of the new things to learn. You will need to understand it. More to learn. Some just want to live on what they have. And dont want anymore to learn what is this and what is that.

This is one of the reasons. For the time being, you need a bitcoin wallet and that need computer access. This is not suitable for most over 50s.

Says who? Most over 50s have a working computer and little to no skills is required to use Bitcoin. In fact, I have seen people in their 60s-70s using smartphones.

[Amph]

i think it is because some are afraid of the new things to learn. You will need to understand it. More to learn. Some just want to live on what they have. And dont want anymore to learn what is this and what is that.

This is one of the reasons. For the time being, you need a bitcoin wallet and that need computer access. This is not suitable for most over 50s.

they actually think that they might lose those money if they keep them in their desktop in a questionable client

it's all about security really, nothing else, security it's primary nowaday, with all the hacking and thief

[Mickeyb]

i think it is because some are afraid of the new things to learn. You will need to understand it. More to learn. Some just want to live on what they have. And dont want anymore to learn what is this and what is that.

This is one of the reasons. For the time being, you need a bitcoin wallet and that need computer access. This is not suitable for most over 50s.

theyy actually think that they might lose those money if they keep them in their desktop in a questionable client

it's all about security really, nothing else, security it's primary nowaday, with all the hacking and thief

People are creatures of habits. We change our habits very hard. Especially our habits about money which I would say we change twice as hard as the other habits. So this is part of the reason.

Other part is that believe it or not, Bitcoin is still quite hard to use, especially to obtain and secure. I am not talking about scanning a QR code, anybody can do this and hit send button.

[danherbias07]

i think it is because some are afraid of the new things to learn. You will need to understand it. More to learn. Some just want to live on what they have. And dont want anymore to learn what is this and what is that.

This is one of the reasons. For the time being, you need a bitcoin wallet and that need computer access. This is not suitable for most over 50s.

theyy actually think that they might lose those money if they keep them in their desktop in a questionable client

it's all about security really, nothing else, security it's primary nowaday, with all the hacking and thief

Well bitcoin is more secured than other online money that needed some information about yourself. Here you just need your bitcoin address and you cant be traced.

[ranochigo]

i think it is because some are afraid of the new things to learn. You will need to understand it. More to learn. Some just want to live on what they have. And dont want anymore to learn what is this and what is that.

This is one of the reasons. For the time being, you need a bitcoin wallet and that need computer access. This is not suitable for most over 50s.

theyy actually think that they might lose those money if they keep them in their desktop in a questionable client

it's all about security really, nothing else, security it's primary nowaday, with all the hacking and thief

Well bitcoin is more secured than other online money that needed some information about yourself. Here you just need your bitcoin address and you cant be traced.

It is probably one of the factor that people don't use it. It can't be guaranteed by any entity and would create an impression that it is risky to use it. I can't find any corelation between security any anonymity though.

[StarofBTC]

So after reading this article and especially the ending:

One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?

i dont think people stop using bitcoin .Moreover if we see the stats it had increase a lot.There are very few who had stopped using bitcoin because they dont feel safe due to brainwallet massacre that happened late in november december previous year

[Hellacopter]

i think it is because some are afraid of the new things to learn. You will need to understand it. More to learn. Some just want to live on what they have. And dont want anymore to learn what is this and what is that.

That's true in my opinion. There is many people don't even know what means Bitcoin's currency till now. we have to continue our mission in advertising bitcoin everywhere , because i think bitcoin in the near future will become the first used currency

[CoinNation]

At present, most people are not aware of bitcoin. The infrastructures for bitcoin are still being built. Maybe in 10 years, bitcoin will reach 5% of world population.

[jt byte]

I think that most people stops from using bitcoin is the environment.
They are not well informed or at least they are misinformed how bitcoin works.
Another thing is that the bitcoin price change too much and people are afraid of loss.

[Supercrypt]

I think that most people stops from using bitcoin is the environment.
They are not well informed or at least they are misinformed how bitcoin works.
Another thing is that the bitcoin price change too much and people are afraid of loss.

I do not think people are not stopped by anything even they have opportunity to use bitcoins. Some people use bitcoin as investments and some others uses as payment processors. Only unawareness makes people not to find in it in either way. Holding bitcoin is also a usage.

[knowhow]

What i guess isnt the question,but who is stoppling trying to block bitcoin.Companies like paypal,visa and mastercard has a lot to loose if bitcoin gets everywhere,they will loose their costumers very fast,a huge part of them not all,as the oldest may not dropp them.Soo they are in a buble trying to keep and make bitcoin unknow to the most,but well the buble is getting bigger,soo the way to fight is attack saying its is a good thing to black market and many others things,rumors to make bitcoin not grow.

[CoinNation]

What i guess isnt the question,but who is stoppling trying to block bitcoin.Companies like paypal,visa and mastercard has a lot to loose if bitcoin gets everywhere,they will loose their costumers very fast,a huge part of them not all,as the oldest may not dropp them.Soo they are in a buble trying to keep and make bitcoin unknow to the most,but well the buble is getting bigger,soo the way to fight is attack saying its is a good thing to black market and many others things,rumors to make bitcoin not grow.

Why cannot visa or paypal integrate bitcoin into their payment system? Bitcoin is just another kind of money. It can be used cheaply by the credit companies.

[bag holder]

What i guess isnt the question,but who is stoppling trying to block bitcoin.Companies like paypal,visa and mastercard has a lot to loose if bitcoin gets everywhere,they will loose their costumers very fast,a huge part of them not all,as the oldest may not dropp them.Soo they are in a buble trying to keep and make bitcoin unknow to the most,but well the buble is getting bigger,soo the way to fight is attack saying its is a good thing to black market and many others things,rumors to make bitcoin not grow.

Why cannot visa or paypal integrate bitcoin into their payment system? Bitcoin is just another kind of money. It can be used cheaply by the credit companies.

They could but they would lose their fees they get from the payment channels they use at the moment. There is always some kind of charge for using them even if it's hidden. If you buy an item on ebay that's priced in a different currency to your country's they charge for the currency conversion. They couldn't do that if they integrated bitcoin into their payment system.

[rinhunter]

1. prices fluctuate
2. for the transaction should use the Internet
3. got a scam of some sites

[Nimbulan]

well i believe that price fluctuations are stopping people from using bitcoins also the fact that you need to have internet if you want to use it

[7788bitcoin]

Many reasons and all are valid. For the it is extreme volatility in bitcoin price that is preventing people to own and accept bitcoin. Besides, it is quite difficult for most people to acquire bitcoin.

[danherbias07]

i think it is because some are afraid of the new things to learn. You will need to understand it. More to learn. Some just want to live on what they have. And dont want anymore to learn what is this and what is that.

That's true in my opinion. There is many people don't even know what means Bitcoin's currency till now. we have to continue our mission in advertising bitcoin everywhere , because i think bitcoin in the near future will become the first used currency

Damn straight. Very nice. And now that is getting high many that are ex-bitcoin users might come back. Just seeing how high it is now, will put a letter B in your eye. heh

[ANdr0id]

Whats stopping them Why fear of course 
People are afraid of things they don't understand. And unless you do some research and actually hold some bits you won't know what it is about, this is to the ones who never put much serious thought into using it before.

[danherbias07]

Whats stopping them Why fear of course 
People are afraid of things they don't understand. And unless you do some research and actually hold some bits you won't know what it is about, this is to the ones who never put much serious thought into using it before.

I guess those bad experiences and bad stories are what stopping them. Bitcoin was really high when it started and it really fell from like 800+ dollars to now.

[AtheistAKASaneBrain]

Whats stopping them Why fear of course 
People are afraid of things they don't understand. And unless you do some research and actually hold some bits you won't know what it is about, this is to the ones who never put much serious thought into using it before.

I guess those bad experiences and bad stories are what stopping them. Bitcoin was really high when it started and it really fell from like 800+ dollars to now.

The media is doing a good job into keeping people away too. I was talking to some friends today that work as investors in some trust funds and they were interested on Bitcoin but scared because it was often mentioned in stuff related to drugs and extortion (ramsomware). They want to keep people away just like they did with the internet in the early days.