We need an incentive to make first world population use Bitcoin

[theothersmith]

An incentive? Let's think first about who will provide it. Who will pay for it? Who will organize it? The BTC foundation? Coinbase? Your family? All the users of this forum?

Exactly. So many threads about the same thing. Until somebody spends some casn nothing is going to ahppen.

[1714188385]

1714188385

[Senor.Bla]

An incentive? Let's think first about who will provide it. Who will pay for it? Who will organize it? The BTC foundation? Coinbase? Your family? All the users of this forum?

Exactly. So many threads about the same thing. Until somebody spends some casn nothing is going to ahppen.

You are both right that nobody in their right mind will spend his personal cash to advertise Bitcoin in a big manner. But we can all still do something. Start using it, not just holding. If you run a business then give a small discount for people paying in Bitcoin. If you run a Bitcoin company then you could do some advertisement for your business and this would also be a litte advertisement for Bitcoin.

[error08]

Im not including third/second world because I think eventually people that don't have access to banks will naturally see Bitcoin as the solution, but as of right now, the average person in a first world country in a regular situation, if they learn about Bitcoin they will threat it as something that is worth holding long term, like gold, but not something that's worth paying groceries for with, or anything ordinary. I mean, why would anyone pay something you can buy with fiat already, without having to change your fiat to BTC, losing money in the conversion?

This is why we need an incentive, such as cheaper prices. Purse.io is the only reason I know of why I would want to pay with BTC. Other than that, I see no reason and I value my BTC too much to spend on "stuff".

Therefore it is established that we need to incentive people to use it.

If we can't find any ways to do so, Bitcoin will remain as a new form of electronic gold with special features, maybe until "Government Coin" is launched and millions of people start looking for alternatives (since with "Government Coin" it will mean physical cash, that is paper and metal coins, will be removed from circulation, this may be the point where Bitcoin goes to 100k+ per coin, since the entire underground economy will not simply stop existing, but it will find its way for alternatives, and Bitcoin will be the best alternative)

But until then, like I said before, I don't see real reasons of why the average joe is going to pay with BTC, specially when they don't get paid in BTC, because if you get paid directly in BTC you are more prone to spend it, since you don't need to do the stupid fiat->BTC->buy conversion.

Bitcoin won't go down to $100 even if government coin invented.
Government interested to get control as much as possible through digital currency and they could freeze your funds.
Bitcoin has power due to decentralized system and government don't like this idea.
People will automatically interested to bitcoin as too much advantages offered which quite different from fiat money, it growing as time goes on and fiat value decrease over time.
The incentive should be stores/services and big companies accepted bitcoin as legal payment.

[South Park]

The incentives to use bitcoin are already there and are the characteristics that make bitcoin such a great currency, awareness will rise as governments of the world step up in their nonsense of trying to know everything you do, including what you do with your money.

[angaper]

The incentives to use bitcoin are already there and are the characteristics that make bitcoin such a great currency, awareness will rise as governments of the world step up in their nonsense of trying to know everything you do, including what you do with your money.

However all these supposed advantages does not represent anything significant for the common people. Unfortunately the bitcoin ecosystem is so in the hands of technicians and engineers that we think that all people must understand about advanced technologies to adopt bitcoin, and I think that is a regrettable mistake.

[Ryan Dugan]

I think getting our hard earned money out of the hands of the greedy bastard banks is the best idea to best honest.
For liberation reasons I would say. Also its just cool using magic internet money ^^

[sportis]

Incentive why? Someone travels from Eurozone country  to USA then to China, then to UK and back to his country. How many conversions? How many fiat money did he lose ? Let speak about average Joe who lives is a european country and go to take a cup of coffee with bitcoin wallet. The cafe owner happily accepts his bitcoin and after 2 working days he will see the corresponding money to his bank account. Why cafe owner is happy? Because if Joe was buying his coffee with Visa debit card the cafe owner would have to pay 3% to the bank except all maintenance cost every month (say POS). Then a friend of Joe wants to buy a new laptop from an e-shop but he is a scammer. He buys his laptop using his PayPal account and after 1 month he opens a dispute and asks the charge back policy. So I would like to ask. Do we need an incentive or we need to inform people about pros and cons of bitcoin? 

[Senor.Bla]

I think getting our hard earned money out of the hands of the greedy bastard banks is the best idea to best honest.
For liberation reasons I would say. Also its just cool using magic internet money ^^

This will not be enough. Most do not even know about it or see it as a problem, so telling them is a good start, but as sole reason this would not do the trick. It is just like telling someone that smoking is bad for there health, they will not stop.

[digaran]

I think we need to wake up, $15B marketcap can be bought easily by 50 millionaires from a second or even third world country if they decide not to spend much each one of them, if people and specially the richest in the world wanted to buy and hold bitcoins they would've done it already don't you think? we should face the facts some where, 99% of human kind will never truly understand and realize bitcoin and it's worth.
It will remain always and forever something for average people worldwide as each person eventually will hold a few coins and yes we'll see times when price hits $50,000 per coin maybe then general population see the true potentials of crypto.

[franky1]

HELLO
wake up

advertising bitcoin is not the problem.

using bitcoin is.
it needs to be simplified!!
even hardware wallets need to be revamped. the issue is that it is too cumbersome, complicated and needs downloads/browser extensions or server access.. plus needing to copy and paste lengthy gobbledegook addresses and decimal numbers

but there is a solution, should someone want to do it.
SMART WATCHES/FITBIT wristbands

advantages
no software touches the device
private keys remain hidden
the device is wearable (new fashion craze=popular)
making a tx is as simple as shaking your wrist
no need to understand the mechanics of bitcoin to use it

just google "programmable smart watches with NFC" and you'll see the tech is available.


barclays are ahead of the game. first they are doing it with their native fiat payment method,
https://www.shop.bpay.co.uk/categories/buy-bpay/product/wristband/wristband


but barclays is knee's deep in hyperldger so next will be a hyperledger wristband, which will make hyperledger (bitcoins altcoin(banker) competitor) appealing to people that are not paranoid geeks

[talkbitcoin]

just start swarming the big services with email requests asking them to add bitcoin payment. for example starting asking Amazon and ebay to accept bitcoin, or any other big examples like these two.
then when they start receiving requests like this every day, they will add it eventually. how do you think steam finally gave in and accepted bitcoin after 5-6 years?
then the adoption will also follow.

[Xester]

I guess it too late for that even before that happens the government in the world has already launched the fiat virtual currency in full implementation. It is a big disappointing news after our hard work in promoting bitcoins to our friends and different groups and forums this news has appeared.

I was thinking of saving bitcoins for an expected increase in value but I guess I'll gonna convert them to cash sooner than expected. I just hope I am wrong.

[CryptoVzla]

Maybe the incentive will be the first world observing lesser worlds having an explosion in commerce due to crypto.

agreed,,
why waste efforts trying to convert 320m americans 64m brits. 700m europeans
when aiming for 1.2bill africans, 1.2bill indians, 4.5billian asians would hlp the world more. while having less resistance due to the lack of corporate control there

 Don't forget South Americans... Places like Venezuela (facing a crisis right know) are adopting Bitcoin to save purchasing power..

[Senor.Bla]

Maybe the incentive will be the first world observing lesser worlds having an explosion in commerce due to crypto.

agreed,,
why waste efforts trying to convert 320m americans 64m brits. 700m europeans
when aiming for 1.2bill africans, 1.2bill indians, 4.5billian asians would hlp the world more. while having less resistance due to the lack of corporate control there

 Don't forget South Americans... Places like Venezuela (facing a crisis right know) are adopting Bitcoin to save purchasing power..

So why are they not mass adopting Bitcoin? Or are they and we are just not noticing? Bitcoin could be a good way of at least trying to escape a harsh inflation. I see why some poorer countries do not use Bitcoin for micro transactions because of the high fees, but what are the reasons for the rest?

[BitcoinHodler]

Maybe the incentive will be the first world observing lesser worlds having an explosion in commerce due to crypto.

agreed,,
why waste efforts trying to convert 320m americans 64m brits. 700m europeans
when aiming for 1.2bill africans, 1.2bill indians, 4.5billian asians would hlp the world more. while having less resistance due to the lack of corporate control there

 Don't forget South Americans... Places like Venezuela (facing a crisis right know) are adopting Bitcoin to save purchasing power..

So why are they not mass adopting Bitcoin? Or are they and we are just not noticing? Bitcoin could be a good way of at least trying to escape a harsh inflation. I see why some poorer countries do not use Bitcoin for micro transactions because of the high fees, but what are the reasons for the rest?

i doubt that people in those countries (mostly third world developing countries with little resources and lack of interenet access) are really "adopting" bitcoin. there may be some increased activity in these countries because of their economy situation but in the end they don't have enough money to feed their family, so they are not really looking for big investments.

[blackstone]

I think it is a long way to go that people going for digital cryptocurrency .and we have no control no matter what ineciative we take , its upto in the hands of government that they will accept it or not .

[Daniel91]

I think it is a long way to go that people going for digital cryptocurrency .and we have no control no matter what ineciative we take , its upto in the hands of government that they will accept it or not .

I don't think that any government can officially accept Bitcoin.
It's because bitcoin is decentralized and can't be financially regulated by financial international institutions.
So, Bitcoin will always remain alternative to ''hard currency'' and another, great'' option for online payment but I don't think it will be possible to receive salary in bitcoin or pay loan in the bank with btc.
 

[Senor.Bla]

Maybe the incentive will be the first world observing lesser worlds having an explosion in commerce due to crypto.

agreed,,
why waste efforts trying to convert 320m americans 64m brits. 700m europeans
when aiming for 1.2bill africans, 1.2bill indians, 4.5billian asians would hlp the world more. while having less resistance due to the lack of corporate control there

 Don't forget South Americans... Places like Venezuela (facing a crisis right know) are adopting Bitcoin to save purchasing power..

So why are they not mass adopting Bitcoin? Or are they and we are just not noticing? Bitcoin could be a good way of at least trying to escape a harsh inflation. I see why some poorer countries do not use Bitcoin for micro transactions because of the high fees, but what are the reasons for the rest?

i doubt that people in those countries (mostly third world developing countries with little resources and lack of interenet access) are really "adopting" bitcoin. there may be some increased activity in these countries because of their economy situation but in the end they don't have enough money to feed their family, so they are not really looking for big investments.

I really do not understand why people always think that poor and developing countries have a lack of internet access. The number of people with smartphones is bigger then the number of people wit access to clean water. You do not need to make a big investment in Bitcoin. Just exchange some of your local currency to Bitcoin and you might even make some money.

[pinoycash]

Giving incentives from paying by bitcoins instead of cash, discounts and rebates to name a few. since even the first world country are always looking for extra savings on what they buy.

[olubams]

I will want to disagree with op on the first page about the fact that since the second and third world countries are not in the Bank net then they will automatically see Bitcoin as an alternative. This I disagree, I am from a developing country and one the sectors that have grown at an increasing rate is the banking sector and this has take ages with various incentives put in place to get majority of the citizens in the Bank net, these they have been doing, at the same they are yet to finish not to talk of now bringing in a new currency to solve the solution... Where do we even start from?...