Bitcoins users are what is holding Bitcoin back

[legdunes]

If you think about this it is pretty obvious that the mind set and mentality of the majority of Bitcoins users is what is holding Bitcoin back and what could be the downfall of Bitcoin in the long run.

Everyone is so scared of being scammed and go to great lengths to try and 'help' others not to get scammed that it makes Bitcoin an unattractive payment method for shops to accept. Escrow is one of the most absurd things about Bitcoin - what happened to buyer beware? Now it is seller AND buyer beware as you still can't fully trust the escrow. While I accept that if I want to sell something as a new member I have to use escrow - fine for cheap items, I would not risk selling something expensive and sending it to the buyer until the funds were firmly in my possession, this is how it has always been and how it should remain. The buyer should be the one to take on the risk - they can decide not to do this and move on, that is also fine but the buyer should not be able to dictate terms to the seller, it should be the other way around. The buyer is not forced to buy.

Also the method of buying Bitcoin is tedious at best. Until we can effortlessly buy Bitcoin with a credit card - without having to make an account at an exchange, Bitcoin will not reach its full potential, I know I have spoken to friends who don't touch Bitcoin as they cant buy it as they could gold for example.

Until Bitcoin is treated like any other currency or commodity it will not become what it should be.

Stop holding it back, a few people being scammed (usually down to their own stupidity) is and can be for the greater good. I not talking about blatant theft, if someone buys Bitcoin from a new member, with no history, no trust and no proof then it is their fault.

[electronicash]

The current situation of bitcoin is actually better than what it was before. If it stays this way still forever, i think its a lot better.  its people the need bitcoin this time so if new comers don't adopt we can't do anything about it.  They can buy elsewhere like bitfinex or coinbase if they can't do it in the forums.

[isoneguy]

I think that if you don't come on here accusing us or talking shit we're all pretty damn helpful.

Mostly it just sounds like you're a scammer that's been beat by the system.

If you have a problem with the method items are purchased and sold here you can take your business elsewhere.

and...lmfao...this forum isn't holding bitcoin back..

[legdunes]

I think that if you don't come on here accusing us or talking shit we're all pretty damn helpful.

Mostly it just sounds like you're a scammer that's been beat by the system.

If you have a problem with the method items are purchased and sold here you can take your business elsewhere.

and...lmfao...this forum isn't holding bitcoin back..

Your response is exactly what I'm talking about.

Unfounded accusations and a complete misunderstanding of points put forward.

[BlackPanda]

The current situation of bitcoin is actually better than what it was before. If it stays this way still forever, i think its a lot better.  its people the need bitcoin this time so if new comers don't adopt we can't do anything about it.  They can buy elsewhere like bitfinex or coinbase if they can't do it in the forums.

it is not the solution. some people may not be able to make transactions. of course everyone will do everything for profit.

[Senor.Bla]

If you think about this it is pretty obvious that the mind set and mentality of the majority of Bitcoins users is what is holding Bitcoin back and what could be the downfall of Bitcoin in the long run.

Everyone is so scared of being scammed and go to great lengths to try and 'help' others not to get scammed that it makes Bitcoin an unattractive payment method for shops to accept. Escrow is one of the most absurd things about Bitcoin - what happened to buyer beware? Now it is seller AND buyer beware as you still can't fully trust the escrow. While I accept that if I want to sell something as a new member I have to use escrow - fine for cheap items, I would not risk selling something expensive and sending it to the buyer until the funds were firmly in my possession, this is how it has always been and how it should remain. The buyer should be the one to take on the risk - they can decide not to do this and move on, that is also fine but the buyer should not be able to dictate terms to the seller, it should be the other way around. The buyer is not forced to buy.

Also the method of buying Bitcoin is tedious at best. Until we can effortlessly buy Bitcoin with a credit card - without having to make an account at an exchange, Bitcoin will not reach its full potential, I know I have spoken to friends who don't touch Bitcoin as they cant buy it as they could gold for example.

Until Bitcoin is treated like any other currency or commodity it will not become what it should be.

Stop holding it back, a few people being scammed (usually down to their own stupidity) is and can be for the greater good. I not talking about blatant theft, if someone buys Bitcoin from a new member, with no history, no trust and no proof then it is their fault.

i agree that users are responsible for bitcoins holdup, but the users are also responsible for bitcoins rise. what i have found is that the more knowledge a user has the more helpful he is.
but back to your point. why do you think people are scared of being scammed? because it is happening all the time if you are not cautious. just look at the thread about p2p lending (https://bitcointalk.org/index.php?topic=1625932.0) at this point trusting is the same as giving away and why would i wan to give away my money?
why would i tell my friends to use bitcoin and trust others, when the chances are high that they get scammed? do you think they will like it and stay with bitcoin and tell their friends, even when they are loosing money?

[electronicash]

The current situation of bitcoin is actually better than what it was before. If it stays this way still forever, i think its a lot better.  its people the need bitcoin this time so if new comers don't adopt we can't do anything about it.  They can buy elsewhere like bitfinex or coinbase if they can't do it in the forums.

it is not the solution. some people may not be able to make transactions. of course everyone will do everything for profit.

i never said it was a solution. but still the current situation is better.
everyone will be able to make transactions so long as they acquire bitcoin. the only thing they need to find is some sellers on localbitcoin if they really have the will to buy bitcoin, there are lots of ways.

[erpbridge]

What do you see bitcoin in the next 10-15 years ? If you see it as a currency that is accepted everywhere, it cannot become that without safeguarding the users from the scams. Escrow is actually the best thing there is for that purpose.

Also there are already sites where you can buy bitcoins directly with a CC.

[legdunes]

What do you see bitcoin in the next 10-15 years ? If you see it as a currency that is accepted everywhere, it cannot become that without safeguarding the users from the scams. Escrow is actually the best thing there is for that purpose.

Also there are already sites where you can buy bitcoins directly with a CC.

I find the issue is that you still need to trust the escrow.

Where can I buy Bitcoin with CC online, I'm in Hong Kong?

[20kevin20]

What do you see bitcoin in the next 10-15 years ? If you see it as a currency that is accepted everywhere, it cannot become that without safeguarding the users from the scams. Escrow is actually the best thing there is for that purpose.

Also there are already sites where you can buy bitcoins directly with a CC.

How can we safeguard them from scams if they are the ones pushing toward pyramid schemes and such things? We cannot do that unless they wake up. We've had so many scams lately and people still do not understand that they NEED to be secure 10 out of 10 times. Bitcoin is seen by most of us ad a trading currency.. For many, it's being considered as being like a poker chip for gambling. In many countries like mine, Bitcoin hasn't even been heard by many.

[isen]

I don't think that something is holding it back Bitcoin is doing very well and growing steadily imo,but I agree that things could be even better.About the safety as long as we have the option to use escrow there is nothing to afraid and we are safe,the only problem is that many newbies are not aware of it.

[helloeverybody]

If bitcoin is left as is then it will be one of the best stores of value that will rise in time so would make a good investment but if people are wanting to use it as an actual currency then obviously the current blocksize would need to be increased. I still have high hopes for future price rises with bitcoin but with so many alts popping up you start to wonder.

[franky1]

bitcoin is just code.

people should not sit on their hands and think that bitcoin will do something special to suddenly make walmart accept it.
PEOPLE have to make decisions to start businesses or if you already have a business decide to accept bitcoin.

so i agree with the OP part that users are the problem.

people need to start looking around there home towns and find other bitcoiners.
set up some social events like bitcoin meetups at a bar if its only a couple of you or proper events if your in a popular area.

get to know people and start trading bitcoins as usually if there are a few people there is always someone that wants cash and another person wants bitcoins.

get to know people and start bitcoin businesses in your towns/cities.

but i disagree with the OP part about buying bitcoin with a credit card. well thats just the same as buying something with a cheque signed with that special ink that fades after an hour until its disappeared. (it wont get accepted)

in which case you need to know who the other person is to slap them with a wet fish or court order should they do you wrong.. but thats where the OP falls down a never ending spiral by halfway through the post saying he wants bitcoin to be bought without having to give proof of id(register) but then blames bitcoin sellers at the end of the post if they dont ask for enough proof of id

[TastyChillySauce00]

what makes escrow absurd? even if someone gonna make a transaction to an individual that's stranger for the buyers through bank transfer they will also use escrow to prevent from any scamming attempt,as you say that actually buyers and sellers can't fully trust escrow,just seek for the most trusted ones

The buyer should be the one to take on the risk

if there's a way to go without risk,why choosing to do this one?
even though i'm agree that bitcoin users are actually holding bitcoin back

[pooya87]

in my opinion the only thing that is holding bitcoin back is users "resisting using bitcoin as a currency" and this is not the downfall as you suggest in your first post but it definitely is holding bitcoin back. because as long as we don't want to spend bitcoin and want to just hold it until the moon no shop will accept bitcoin.

[legdunes]

what makes escrow absurd? even if someone gonna make a transaction to an individual that's stranger for the buyers through bank transfer they will also use escrow to prevent from any scamming attempt,as you say that actually buyers and sellers can't fully trust escrow,just seek for the most trusted ones

The buyer should be the one to take on the risk

if there's a way to go without risk,why choosing to do this one?
even though i'm agree that bitcoin users are actually holding bitcoin back

You still need to trust the escrow, that's what the issue is for me, if you need to rely on trust it would be far better to have to trust the seller - buyer beware, the buyer doesn't have to buy.

[Senor.Bla]

in my opinion the only thing that is holding bitcoin back is users "resisting using bitcoin as a currency" and this is not the downfall as you suggest in your first post but it definitely is holding bitcoin back. because as long as we don't want to spend bitcoin and want to just hold it until the moon no shop will accept bitcoin.

that is true and 100% my position too, but i also see that people want to hold their coin. but for the sake of the growing of bitcoin i like to suggest to them to buy small things like the morning coffee with bitcoin. that way you just spend around 2 bucks and help bitcoin. but then comes to fee into play. sure it is just cents, but paying 5% more is not appealing. nobody would mind paying more fore the coffee as such, but paying for a fee feels bad. i get that and i do not see a change in the near future.

[Dudeperfect]

Well, I have figured out a solution for this on my personal level and I am implementing this since last few months.
Basically, bitcoin’s movement is the key to its growth so there is no option other than spending bitcoins. On the other hand, we know bitcoin has bright future so no one wants to spend his coins. This is kind of irony situation so what we can do is,

1)   Keep Acquiring bitcoins as everyone is doing
2)   Don’t spend fiat, buy bitcoins with that fiat to spend
3)   Spend additional bitcoins bought for expenditure (for necessities such as recharging mobile or DTH, paying for other bills wherever possible).

I have been doing this so by this way I am acquiring some part of bitcoins and spending some part of it.

[springgers]

So... Now change the word BITCOIN for the word GOLD and see what happens... same with others examples

About escrow question... Seriously?

The real magic here is the blockchain, Bitcoin is just a way to show the potential, look where we are after some years, now imagine the future.

[Herbert2020]

If you think about this it is pretty obvious that the mind set and mentality of the majority of Bitcoins users is what is holding Bitcoin back and what could be the downfall of Bitcoin in the long run.

there is a lot of things other than these on bitcoin users' minds. like security, where to buy with less fee and where to spend bitcoin.

Everyone is so scared of being scammed and go to great lengths to try and 'help' others not to get scammed that it makes Bitcoin an unattractive payment method for shops to accept. Escrow is one of the most absurd things about Bitcoin - what happened to buyer beware? Now it is seller AND buyer beware as you still can't fully trust the escrow. While I accept that if I want to sell something as a new member I have to use escrow - fine for cheap items, I would not risk selling something expensive and sending it to the buyer until the funds were firmly in my possession, this is how it has always been and how it should remain. The buyer should be the one to take on the risk - they can decide not to do this and move on, that is also fine but the buyer should not be able to dictate terms to the seller, it should be the other way around. The buyer is not forced to buy.

i think you should read the bitcoin white paper.
any system will always be based on trust and some party will always be at risk. and there will always be ways to exploit any system.
paypal has charge back scam, credit cards has stolen cards, bitcoin has double spend.
now risks of each of these are different. a double spend risk can easily be assesses by looking at the blockchain, checking the fees, etc while if order to assess the two other risks the merchants has to take an unbelievable amount of personal information from their users which is a privacy hazard to customers.

Also the method of buying Bitcoin is tedious at best. Until we can effortlessly buy Bitcoin with a credit card - without having to make an account at an exchange, Bitcoin will not reach its full potential, I know I have spoken to friends who don't touch Bitcoin as they cant buy it as they could gold for example.

it is not at all tedious. it is the same as buying anything else.
there are a lot of good services like coinbase, circle and even localbitcoins and exchanges which you can buy through a wide variety of methods like bank transfer, credit cards, paypal, webmoney, whateverTheHellonTheInternetMoney....

buying gold is the same way if not harder and you will have to buy a considerable amount whereas you can buy small amount of bitcoin.

Until Bitcoin is treated like any other currency or commodity it will not become what it should be.

Stop holding it back, a few people being scammed (usually down to their own stupidity) is and can be for the greater good. I not talking about blatant theft, if someone buys Bitcoin from a new member, with no history, no trust and no proof then it is their fault.

bitcoin is growing over time but these things you said are not things keeping bitcoin back.