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teilwalL05
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February 18, 2016, 01:59:31 PM |
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Don't forget that for common people handling decimals, authorization keys, wallets, addresses as long as line of code and many other "easy to use" features are completely out of their league. We may be comfortable with them because we are a bunch of nerds but Bitcoin has a long way before it's being considered as a hassle free method compared to Paypal, CCs, etc. I would say that is the biggest problem. For the majority who are new this whole tech thing. Bitcoin usage is beyond them. Using it is tricky enough, understanding it is another level. Without understanding, there is little trust.
Well I think that you are right, cause the technicality of using bitcoin is very complicated for others and their is many newbies who doesn't know a thing about bitcoin even how to earn in simple faucets I have known some! knowledge toward it is very important if you ask me! |
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"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
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randy8777
Legendary
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Activity: 896
Merit: 1000
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February 18, 2016, 02:54:47 PM |
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it's too volatile, there is no real market, only for nerds and libertarians. Just a niche
no real market? all people world wide can trade in bitcoins. you don't have to be a nerd for that. bitcoin attracts a lot traders because of the volatility. it's not always a bad thing. i agree that a major part of the bitcoin holders are tech enthusiasts, but what'a wrong with that? |
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Mickeyb
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February 18, 2016, 03:01:55 PM |
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it's too volatile, there is no real market, only for nerds and libertarians. Just a niche
Yup pretty fucking rich nerds too, to trade with such a large amount of money everyday. So rich that even with many market manipulation attempts, it still stands. Think of that when you run your shitty cointocard service |
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youdamushi
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February 18, 2016, 03:09:01 PM |
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Imagine you need to pay someone say $2000 that painted your house or performed another service. And you wanted to pay them in BTC And they heard of BTC and have no problem with the concept but never used it before When you realize what you have to do - the explaining, the convincing, the handhold, how much time it takes you get them onboard and how much time it takes them to go through the process and have it converted to fiat in there hands...  And the fact that even if you convince him and pay with btc... Well it has no legal value. He could totally sue you for that! |
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btcltccoins
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February 18, 2016, 03:16:56 PM |
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To convenience people is the most difficult thing . Lot of them don't have trust as it is
not being properly controlled by any Govt or institution. Also too many humors shake the confidence of people
of doing long term investment in them.
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Iceborn
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February 18, 2016, 03:40:11 PM |
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Imagine you need to pay someone say $2000 that painted your house or performed another service. And you wanted to pay them in BTC And they heard of BTC and have no problem with the concept but never used it before When you realize what you have to do - the explaining, the convincing, the handhold, how much time it takes you get them onboard and how much time it takes them to go through the process and have it converted to fiat in there hands... Yes but people are now stopping with Bitcoin because the value is quite low. But I think people must have patience, you never know what can happen in the future. |
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teilwalL05
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February 18, 2016, 03:46:10 PM |
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To convenience people is the most difficult thing . Lot of them don't have trust as it is
not being properly controlled by any Govt or institution. Also too many humors shake the confidence of people
of doing long term investment in them.
It doesn't make sense, it is not properly controlled by government because it isn't part of the government in the first place, yes investing in bitcoin can be utterly painful at first but when you make a profit out of it that is when you will notice it's convenient tobe people. |
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adibe
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February 18, 2016, 04:02:45 PM |
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I think the price of bitcoin is the main problem that stopping peopple from using bitcoins. Because if the bitcoin price is really low, i think people will stop using bitcoin.
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cointinflas
Newbie
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Activity: 58
Merit: 0
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February 18, 2016, 04:23:26 PM |
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I think there are a few reasons why people are still not using bitcoins: Not enough awareness is one of them. Even though there are alot of people out there that are usining the cryptocurrency , there are still millions that have not even heard of the crypto currency yet , so i think as times goes by there will be more and more awareness. Also, People are scared of the unknown. If they cant feel it or if know one controls it alot of people re scared of this concept and do not want to be part of a "risky venture". But the main reason is that it hasnt really settled yet. This I think is very important if the bitcoin can keep a steady price for a long time I think more people will begin to trust and use it regularly.
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hawkins
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February 18, 2016, 04:53:38 PM |
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I think the price of bitcoin is the main problem that stopping peopple from using bitcoins. Because if the bitcoin price is really low, i think people will stop using bitcoin.
yes, you're right, even rising prices are very high bitcoin just be mere wishful thinking is not known when it will happen. it hopes that usually makes people become frustrated and stop using bitcoin |
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LarryHocks
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February 18, 2016, 04:58:01 PM |
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Well people are not using the bitcoin because of the bad name it has these days.
The is always saying bad things about the bitcoin and people do not trust it anymore because of that.
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Yaminat
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February 29, 2016, 07:40:20 PM |
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Well people are not using the bitcoin because of the bad name it has these days.
The is always saying bad things about the bitcoin and people do not trust it anymore because of that.
I do not think bitcoin has bad name. Most of the bad sites have been destroy the law enforcement agencies. |
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Brad Pitt
Member
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Activity: 64
Merit: 10
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February 29, 2016, 07:43:03 PM |
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People have no need to use it at the end of the day. It's mostly used by speculators and by people who like what it can do politically, but for the average joe they don't really care. They're fine with Paypal and sadly that's why I think it will always be a niche thing unless it can get adopted by the remittance market or industries where traditional payment processors wont work with them (like porn or camsites or whatever).
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Thepuj
Newbie
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Activity: 52
Merit: 0
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February 29, 2016, 08:42:47 PM |
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I had a close look at bitcoin the last two weeks. The technology is interesting, but for the normal user:
1) There is no need. Cash, credit card, bank transfer and perhaps even Paypal works fine. I know only one guy who is only using bitcoin because his contractor is only accepting bitcoin. I really don't know why this contractor doesn't accept bank transfer as it would be cheaper.
2) The value of the bitcoin is not directly connected to the local money. This makes handling the bitcoin risky.
3) It is much more complicated than the methods under item 1.
a) To pay with bitcoin means doing two payments. One from item 1 to buy bitcoins plus the bitcoin payment itself. For buying bitcoins I have to look for a dealing website, then I have to register there, probably with ID verification, mobile phone verification, transaction limits and perhaps even shity things like SOFORTbanking which is a violation of the no.1 online-banking law (do not tell anbody your PIN).
b) To pay with bitcoins means perhaps installing some software and learning how to use it.
c) For paying it would be good to understand the software so that no money is irrecoverably lost. That is why there are so many websites advicing how to handle bitcoins so that they are not lost.
d) For paying it is necessary to understand bitcoin at some level so when you e.g. enter the miner's fee you know what its effect is. "Fee? No, I don't want to pay a fee!" and then he is wondering why it takes so long.
4) It is less secure because money can be lost due to errors and there is no risk management. E.g. a bitcoin key can't be blocked like a credit card in case of theft.
5) Transaction processing is at the moment very slow.
6) It is more expensive than some current payment methods. If I make a SEPA bank transfer inside the EU there is actually no fee at all.
So until now I bought a bitcoin, I moved it around in my accounts, I made my own paper wallet design modification. But I really had no chance to buy something with it. I have located a fast food restaurant in about 30-45 minutes driving distance which accepts. I plan to go there the next weeks and try to pay there with bitcoins even so the hidden transaction fee will be nearly as much as the cost of the food.
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tommorisonwebdesign
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February 29, 2016, 08:46:21 PM |
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I had a close look at bitcoin the last two weeks. The technology is interesting, but for the normal user:
1) There is no need. Cash, credit card, bank transfer and perhaps even Paypal works fine. I know only one guy who is only using bitcoin because his contractor is only accepting bitcoin. I really don't know why this contractor doesn't accept bank transfer as it would be cheaper.
2) The value of the bitcoin is not directly connected to the local money. This makes handling the bitcoin risky.
3) It is much more complicated than the methods under item 1.
a) To pay with bitcoin means doing two payments. One from item 1 to buy bitcoins plus the bitcoin payment itself. For buying bitcoins I have to look for a dealing website, then I have to register there, probably with ID verification, mobile phone verification, transaction limits and perhaps even shity things like SOFORTbanking which is a violation of the no.1 online-banking law (do not tell anbody your PIN).
b) To pay with bitcoins means perhaps installing some software and learning how to use it.
c) For paying it would be good to understand the software so that no money is irrecoverably lost. That is why there are so many websites advicing how to handle bitcoins so that they are not lost.
d) For paying it is necessary to understand bitcoin at some level so when you e.g. enter the miner's fee you know what its effect is. "Fee? No, I don't want to pay a fee!" and then he is wondering why it takes so long.
4) It is less secure because money can be lost due to errors and there is no risk management. E.g. a bitcoin key can't be blocked like a credit card in case of theft.
5) Transaction processing is at the moment very slow.
6) It is more expensive than some current payment methods. If I make a SEPA bank transfer inside the EU there is actually no fee at all.
So until now I bought a bitcoin, I moved it around in my accounts, I made my own paper wallet design modification. But I really had no chance to buy something with it. I have located a fast food restaurant in about 30-45 minutes driving distance which accepts. I plan to go there the next weeks and try to pay there with bitcoins even so the hidden transaction fee will be nearly as much as the cost of the food.
I agree with most of what you said, however, perhaps you've set your fee too high? You set the fee yourself, it just takes more time to confirm the transaction before you can spend the actual Bitcoin. |
Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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February 29, 2016, 08:48:27 PM |
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Right now I think the answer would consist of - five minutes of perusing r/bitcoin, r/btc and a selection of medium articles. That would be enough to send most people screaming.
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jt byte
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February 29, 2016, 09:03:47 PM |
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I think the main problem these days is the blocksize. It makes bitmain slow and oldskool.
Let's hope the bitcoin core team is working on a solution right now. It's been weeks now and nothing really happened. Which makes me a little bit worried.
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richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
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February 29, 2016, 09:07:18 PM |
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Right now I think the answer would consist of - five minutes of perusing r/bitcoin, r/btc and a selection of medium articles. That would be enough to send most people screaming.
The average joe won't make any effort to browse through all these social media platforms to know more about Bitcoin. The media has done everything to put Bitcoin in a bad daylight. It will be very difficult to make them think different and give Bitcoin a fair chance. |
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LuckyYOU
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February 29, 2016, 10:09:18 PM |
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Right now I think the answer would consist of - five minutes of perusing r/bitcoin, r/btc and a selection of medium articles. That would be enough to send most people screaming.
The average joe won't make any effort to browse through all these social media platforms to know more about Bitcoin. The media has done everything to put Bitcoin in a bad daylight. It will be very difficult to make them think different and give Bitcoin a fair chance. Yeah most people here were in a way already interested in bitcoin or new innovative things. Fact is that while there is not enough marketing. The media are also playing a big bad role. Indulging everything bitcoin related as negative. |
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angryrob
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February 29, 2016, 10:11:02 PM |
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Right now I think the answer would consist of - five minutes of perusing r/bitcoin, r/btc and a selection of medium articles. That would be enough to send most people screaming.
The average joe won't make any effort to browse through all these social media platforms to know more about Bitcoin. The media has done everything to put Bitcoin in a bad daylight. It will be very difficult to make them think different and give Bitcoin a fair chance. Yeah most people here were in a way already interested in bitcoin or new innovative things. Fact is that while there is not enough marketing. The media are also playing a big bad role. Indulging everything bitcoin related as negative. Yeah, the role of media was crucial as they never supported bitcoins, and kept on spreading negative news related to it, and that made people think twice before investing into bitcoins. |
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