Bitcoin will grow, if we create opportunities for people to earn it.

[Kprawn]

Most people think Bitcoin will grow, if they create services and sell products where people can spend their money. I think it is the other way around.

Most people using other payment methods, will not be motivated to rather use Bitcoin if they are not pushed and motivated to do that. Yes, we need these services and merchants

for people to spend there Bitcoin once they converted or received it, but they first need to acquire it somehow.


The best motivator for people to change their minds or to accept a new technology will be to monetize it. Once these people start accepting Bitcoin as a payment for some

service rendered, they will start to use these services and merchants who accepts Bitcoin.

It's not always about what we can take from the technology, but what we can contribute to make it grow. I got my highest adoption rate, when I gave BTC to people, to play

with, when they knew nothing about it.

Let's find ways for people to earn BTC and they will adopt it quicker and also spend it at the merchants that accepted Bitcoin as a payment method.

Any suggestions? 

[Q7]

I think employers who are outsourcing their work to employees in the other countries can play important role to actually encourage adoption. It doesn't matter if the receivers decide to sell all or even a portion of what they receive but I believe this will somehow get people to take notice of the coins. And I'm also wondering why not all employers are looking into the option as they can actually save a lot on the fees.

[thejaytiesto]

I've been saying for ages that if we want real case uses and more and more daily volume of transactions we need people getting paid in Bitcoin because if you get paid in Bitcoin you don't have to deal with the mess that it's buying it. You also stay way more anonymous if the whole economy happens inside the Bitcoin ecosystem. If you get paid in BTC, you can buy directly BTC. Everything stays in BTC. We don't need no BitPay or bullshit like that.

[commandrix]

There are attempts to provide a toolkit for exactly that -- people earning Bitcoin from their work. Bitwage is one though their idea is basically to use Bitcoin to reduce the costs of maintaining an international payroll. I'd say at this point, it's a matter of expanding on what's already out there and making sure people know about it.

[Mickeyb]

Guys all of this is connected. It's all about trust if we want that people start paying their employees in Bitcoin and that employees want to get paid in Bitcoin in the first place. I don't think we are already on that level of trust. Bitpay and Bitcoin debit cards for example are a sort of necessity in today's Bitcoin ecosystem, just until we don't grow enough so that we would have a self sustainable system where we wouldn't need Fiat at all.

This takes time and we are working on this daily. This is called an adoption and this is a hard work.

[odolvlobo]

What is the difference between "earning bitcoins" and earning dollars and buying bitcoins? I don't see a difference so I don't understand why it is important to "earn bitcoins".

[Hellacopter]

I think this is totally true, right. The best thing that motivate people to work, promote and interest about something, is simply monetize it, people like to get paid, like to make money, so creating opportunities for earning Bitcoin, and of course using Bitcoin as payment processor is really good idea

[jacee]

What is the difference between "earning bitcoins" and earning dollars and buying bitcoins? I don't see a difference so I don't understand why it is important to "earn bitcoins".

I had to agree with this. Earning $ and BTC is the same. You use fiat to buy BTC . Isn't there already a way to monetize BTC?

The problem why people wont still use BTC is because they are not fully aware. Yes if we give them the coins and teach them where to use it, they will use it some time but what about the votality? If they don't fully understand how the bitcoin thing works then they will not replace fiat with it. We need to educate them as the same time. Not just give them way to earn BTC.

[odolvlobo]

What is the difference between "earning bitcoins" and earning dollars and buying bitcoins? I don't see a difference so I don't understand why it is important to "earn bitcoins".

If you can buy btc 1:1, yes, it is the same. But in most places you will have to buy that btc from "resellers" (localbitcoin, etc.), why would you exchange, say, 1000 USD for 950 USD worth in bitcoin (just an example, comission may be lower or higher, but definitively not low) if you are to spend them?

So, the benefit of earning bitcoins directly is that the cost and burden of obtaining the bitcoins is placed on the employer.

[Kprawn]

What is the difference between "earning bitcoins" and earning dollars and buying bitcoins? I don't see a difference so I don't understand why it is important to "earn bitcoins".

If you can buy btc 1:1, yes, it is the same. But in most places you will have to buy that btc from "resellers" (localbitcoin, etc.), why would you exchange, say, 1000 USD for 950 USD worth in bitcoin (just an example, comission may be lower or higher, but definitively not low) if you are to spend them?

So, the benefit of earning bitcoins directly is that the cost and burden of obtaining the bitcoins is placed on the employer.

The benefit of earning Bitcoin directly and not in any other fiat currency, is as follows :

1. The receiver do not have to go through all the trouble to convert fiat to BTC and pay extra fee's to get it done.
2. The receiver do not have to figure out how exchanges or Localbitcoins work. {Easier learning curve} Until he wants to convert it back to fiat.
3. Once the receiver acquired the BTC he will look for ways to spend it and where to spend it.

Let's take this forum as a example.... A lot of people here said in other threads, that they heard of Bitcoins and they started to search for information about it and then landed on

this forum. If you look in the newbie section... most people ask, "where can I get Bitcoin" or "How can I earn Bitcoin" ...So most of them got their first Bitcoin from this forum

either through faucets or signature campaigns. This sparked more interest and things progress from there.

We should find more ways for people to "earn" Bitcoins and they will come... I am not saying employers should pay salaries in Bitcoin.. BitPay already does that. I am saying

offer some sort of payment for things people do every day, and once they get paid, they will be more interested in Bitcoin. 

[Amph]

What is the difference between "earning bitcoins" and earning dollars and buying bitcoins? I don't see a difference so I don't understand why it is important to "earn bitcoins".

i can only think about privacy and avoiding tax, personally i want to hide how big my treasure is, and you can't do that if you buy

the same for tax, some can be avoided if you earn directly, another note

but there are pro side for buying also, for example you help the market and its vlaue

[Betwrong]

What is the difference between "earning bitcoins" and earning dollars and buying bitcoins? I don't see a difference so I don't understand why it is important to "earn bitcoins".

If you can buy btc 1:1, yes, it is the same. But in most places you will have to buy that btc from "resellers" (localbitcoin, etc.), why would you exchange, say, 1000 USD for 950 USD worth in bitcoin (just an example, comission may be lower or higher, but definitively not low) if you are to spend them?

So, the benefit of earning bitcoins directly is that the cost and burden of obtaining the bitcoins is placed on the employer.

The benefit of earning Bitcoin directly and not in any other fiat currency, is as follows :

1. The receiver do not have to go through all the trouble to convert fiat to BTC and pay extra fee's to get it done.
2. The receiver do not have to figure out how exchanges or Localbitcoins work. {Easier learning curve} Until he wants to convert it back to fiat.
3. Once the receiver acquired the BTC he will look for ways to spend it and where to spend it.

Let's take this forum as a example.... A lot of people here said in other threads, that they heard of Bitcoins and they started to search for information about it and then landed on

this forum. If you look in the newbie section... most people ask, "where can I get Bitcoin" or "How can I earn Bitcoin" ...So most of them got their first Bitcoin from this forum

either through faucets or signature campaigns. This sparked more interest and things progress from there.

We should find more ways for people to "earn" Bitcoins and they will come... I am not saying employers should pay salaries in Bitcoin.. BitPay already does that. I am saying

offer some sort of payment for things people do every day, and once they get paid, they will be more interested in Bitcoin.  

I absolutely agree with this. Some respected memebers of this forum are saying that signature campaigns are a plague, but c'mon! This motivates more and more people to use Bitcoin.

I even propose to make more boards (or to split the Off-topic in sections) where people which can't make a valuable contribution in Bitcoin related topics still have a chance to show their talents and earn some BTC, for example from winning in "Best Funny Pic Of The Month" or "Best Joke Of The Month" or something like that.

 We can create a fund, make contributions, say 50k sats, which is not a big deal I guess, and then choose the winner by voting.

[addy boy]

thats exactly what i am telling peoples these days people needs oppertunitys to earn bitcoin and also need something where they can spend the bitcoins happyly .so we have to teach them how to reach or access the markets and how to spent or find the coins on their needful goods

[odolvlobo]

I absolutely agree with this. Some respected memebers of this forum are saying that signature campaigns are a plague, but c'mon! This motivates more and more people to use Bitcoin.

What about all the people that give up on Bitcoin because after hours of time spent trying to "earn bitcoins" because they only earn an amount worth on a few fractions of a penny. If they just understood that they get them easily by buying some, they would be much more motivated.

[jeffthebaker]

I've been advocating this for a while. One of the biggest problems with Bitcoin is all the influential Bitcoiners (see early adopters; hodlers) are so opposed to using their coins because they feel they will appreciate in value, causing a pretty small consumer base that is using Bitcoin. Personally, I never wanted to spend the Bitcoin I had invested. However, when I started earning Bitcoins through freelancing and other methods, I was very willing to spend it, as I saw it as my earnings rather than a speculative investment. A few months ago I purchased a new pc from newegg, and I plan on purchasing a hoverboard from Amazon as well

The more people who hold Bitcoin that was earned, rather than bought, the more consumer spending we can see, which will entice adoption going forward.

[GermanGiant]

Most people using other payment methods, will not be motivated to rather use Bitcoin if they are not pushed and motivated to do that. Yes, we need these services and merchants

True. And they best way for an average Joe to earn bitcoin so far is bitcointalk signature campaigns. I think, theymos has played a pivotal role in this regard.

[gentlemand]

100% agree. Merchant adoption is nice but really only appeals to those who already have some coin to spend. No one is going to jump through hoops for the honour of spending it.

Doesn't have to be wages. There are plenty of other options. One interesting one is to offer it in change. It could offered as an option in gift cards, referrals, adsense income. The more effortlessly it arrives in the hands of potential users the better. That'll inspire them to look a little deeper.

The sig campaigns here are definitely a prime demonstration. I'm sure a lot of economic activity on here stems from the money people earn that way. If that can be applied to wider world it would be a huge boon.

[chennan]

What is the difference between "earning bitcoins" and earning dollars and buying bitcoins? I don't see a difference so I don't understand why it is important to "earn bitcoins".

I think the difference between "earning" and "buying" is the fact that it creates an incentive for people to start using bitcoins and have the potential to increase purchasing power for themselves.

So let look at signature campaigns for an example.  My signature campaign pays me .12 btc per week if I reach my limit, and not X amount of $ in bitcoin.  So compared to when bitcoins where going for ~$200 when I started it only got me around $22, but now since the price has risen it gets me about $28-$30 of bitcoins... so instead of being payed in money at a base salary compared to a base salary in bitcoins, there's a huge difference...

The same can be said in the other way, if bitcoins go down in price, you get less "purchasing power" in the currency you chose to be paid in.

[jeffthebaker]

What is the difference between "earning bitcoins" and earning dollars and buying bitcoins? I don't see a difference so I don't understand why it is important to "earn bitcoins".

I had to agree with this. Earning $ and BTC is the same. You use fiat to buy BTC . Isn't there already a way to monetize BTC?

The problem why people wont still use BTC is because they are not fully aware. Yes if we give them the coins and teach them where to use it, they will use it some time but what about the votality? If they don't fully understand how the bitcoin thing works then they will not replace fiat with it. We need to educate them as the same time. Not just give them way to earn BTC.

If you earn dollars and buy BTC you are accumulating BTC as an investment. Nobody is going to spend their investment because they think it will appreciate in value overtime. If you are looking to do some consumer spending, there is no incentive to first turn your dollars into Bitcoin. If you earn BTC first, however, you are simply earning a salary which makes spending a lot more appropriate.

[Hellacopter]

thats exactly what i am telling peoples these days people needs oppertunitys to earn bitcoin and also need something where they can spend the bitcoins happyly .so we have to teach them how to reach or access the markets and how to spent or find the coins on their needful goods

I think if the famous market places like amazon, ebay ..support Bitcoin as payment processor and use it , this will encourage many people to get Bitcoin to sell and buy their goods and services, it's a way to advertise and support Bitcoin