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Author Topic: What's stopping people from using bitcoin?  (Read 202148 times)
goinmerry
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December 09, 2015, 03:17:25 PM
 #361

complexity and laziness. it is enough...

just ask your mother or your friend's girlfriend, if she knows what is p2p, private key or QR code...and if she even care. people don't what to learn anything extra over something, what works just fine for them like paypal, modern banks and their applications or wireless payments.

I agree with you entirely. People. It is unexplainable but true. They dont want anything to do with what will make life more complex. They want it easy. They dont want to be burdened by more or learn more. Just stay with what they know and thats it.
neochiny
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December 09, 2015, 05:10:17 PM
 #362

complexity and laziness. it is enough...

just ask your mother or your friend's girlfriend, if she knows what is p2p, private key or QR code...and if she even care. people don't what to learn anything extra over something, what works just fine for them like paypal, modern banks and their applications or wireless payments.

yeah you have a point, but this kind of people are those
who are not really interested on the thing that they are using,
that also includes bitcoin. some reason people dont use btc
is because they are having a hard time trusting it, because when
using bitcoin youre on your own no government laws will be applied
when youre using btc so if you got scam and you know who did it or
you even have a proof of getting scam the government cant do anything
because bitcoin is outside of the government.

and one more reason why people dont use btc, because of its instability.

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bitcoinblessed
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December 09, 2015, 05:12:08 PM
 #363

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.
cellard
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December 09, 2015, 05:16:53 PM
 #364

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.
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December 10, 2015, 05:02:45 PM
 #365

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.

Hold it for the increase. I am just an earner and I havent tried to buy yet. My bitcoins arr from faucets and signature campaign. But seeing how it grows I might consider buying and get profit from the increase

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Supercrypt
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December 10, 2015, 06:06:50 PM
 #366

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.

Yes, buying bitcoin and spedning it for some purpose would only happen once bitcoin prices get stable (and the time 99% of total bitcoins will be mined out). Till then people will find it too hard to spend bitcoin for lower value. Yes, bitcoin is in it's investment phase. So, hold it.
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December 10, 2015, 06:10:56 PM
 #367

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.

Yes, buying bitcoin and spedning it for some purpose would only happen once bitcoin prices get stable (and the time 99% of total bitcoins will be mined out). Till then people will find it too hard to spend bitcoin for lower value. Yes, bitcoin is in it's investment phase. So, hold it.
You meant to say the lower value of bitcoin is the reason stopping people from spending bitcoins. I do not think so. Many people are just trading bitcoin for some profits. No one is ready for full benefits from bitcoin it would give us in 5 or 10 years.
Lack of merchants and lack of availability of needed products are the real stoppers.
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December 10, 2015, 06:13:39 PM
 #368

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.

Yes, buying bitcoin and spedning it for some purpose would only happen once bitcoin prices get stable (and the time 99% of total bitcoins will be mined out). Till then people will find it too hard to spend bitcoin for lower value. Yes, bitcoin is in it's investment phase. So, hold it.

You may be right. For the real bitcoin believer, who can understand the up coming value of bitcoin's worth. it is too hard and never will decide to spend bitcoin now itself.
Those who do not understand bitcoin's future would be ready to spend bitcoin now itself for any profit from their purchase price.

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December 11, 2015, 09:13:32 PM
 #369

Bitcoin is openening several projects that will support and bring a bigger interest,the countries must readjust the way they act against bitcoins ,banning ,or blocking it,bitcoin is the future to protect our own savings better then bank or any kind of project.
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December 11, 2015, 10:49:31 PM
 #370

Most people are reactionary, they will all jump onto bitcoin but only when it is too late. Look at any state that goes into hyperinflation, by the time they want to get things like gold it is way too late.

It's the same as safety. often an accident needs to happen before safety is considered even if it was obvious at the time that these safety features should have already been there.
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December 11, 2015, 10:52:42 PM
 #371

Today was/is good day for bitcoin as it has been rising good and if people are still hesitating then it is something else maybe trust.
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December 11, 2015, 10:56:13 PM
 #372

I think as a currency, it's horrible. Price stability is essential, otherwise you'll be facing wild swings in your spending power. Also, for micro payments, its not particularly advantageous over tradition bank systems. NFC Touch Pay systems have really made my life a-lot easier.

 

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December 11, 2015, 11:42:18 PM
 #373

It is still maybe confusing for some peope, doesn't have a time to learn about them even it is easy so they preffer national currency or whatever it is...
If we talk about my country Bosni and Herzegovina only small number of people accepting them cuz they think it is only a internet currency which is
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December 12, 2015, 12:04:42 AM
 #374

I think bitcoin is still a novelty thing so only people familiar with computers and the internet can operate with them. Probably next year with all the media interviews and articles it will get more and more mainstream.

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December 12, 2015, 12:19:23 AM
 #375

So after reading this article and especially the ending:

Quote
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 think that the notion that bitcoin's value will gorw is stopping people from using. Why would I spend my bitcoins now, if its value will be higher next year. Thus i see many holding bitcoins, and spending fiat instead.

Bitcoin is NOT anonymous: http://www.bitcoinisnotanonymous.com
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December 12, 2015, 12:55:39 AM
 #376

Knowledge and convenience are the reasons that people can not use bitcoin everywhere.  There are a lot of businesses that would make out great with Bitcoin here in the USA.  See the IRS has classified has classified Bitcoin as an asset.  I am not completely knowledgeable on the IRS laws here in the USA yet, but this is a big help for Bitcoin.  Once I do my research, I will clarify and publish. 

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December 12, 2015, 07:04:29 AM
 #377

Knowledge and convenience are the reasons that people can not use bitcoin everywhere.  There are a lot of businesses that would make out great with Bitcoin here in the USA.  See the IRS has classified has classified Bitcoin as an asset.  I am not completely knowledgeable on the IRS laws here in the USA yet, but this is a big help for Bitcoin.  Once I do my research, I will clarify and publish. 

I dont know much about IRS too but I will be following you in case you publish that it will a help for me too for greater knowledge about bicoin. Good luck with that my friend.

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December 12, 2015, 08:41:56 AM
 #378

I think as a currency, it's horrible. Price stability is essential, otherwise you'll be facing wild swings in your spending power. Also, for micro payments, its not particularly advantageous over tradition bank systems. NFC Touch Pay systems have really made my life a-lot easier.

actually i prefer a price increase than a perfect stability, i would pay much less bitcoin for anything, so no price stability is not better than price increase it's only better than dumping, for obvious reason
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December 12, 2015, 11:11:43 AM
 #379

so many reason, for example: they got bored , they think they dont need bitcoin anymore, they think that bitcoin dont have bright future (i believe bitcoin have bright future)

I think that is for the past users. Seeing how bitcoin drop made them dowm and got bored losing their invested money. But for new users like me. Seeing it grow makes me more excited.

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December 12, 2015, 11:38:14 AM
 #380

I think as a currency, it's horrible. Price stability is essential, otherwise you'll be facing wild swings in your spending power. Also, for micro payments, its not particularly advantageous over tradition bank systems. NFC Touch Pay systems have really made my life a-lot easier.

actually i prefer a price increase than a perfect stability, i would pay much less bitcoin for anything, so no price stability is not better than price increase it's only better than dumping, for obvious reason
If price is not stable it means that you have no idea of what your assets would be worth in the next hour as it can also go way down or rise high .
Currencies should not float more than 20% of their price or else it is only a risk not a plan or strategy to invest in it.
Stability is the satisfaction and price increase is just hope/greed.
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