What is missing in the Bitcoin EcoSystem?

[OROBTC]

...

Here is what I see missing in the Bitcoin Ecosystem that I would like to see made better:

1)  More merchants accepting BTC as payment.

2)  More users like us...


To a lesser degree:

3)  Yes, Bitcoin is pretty hard to use for the general public, but I have seen all sorts of users at Bitcoin ATMs...

4)  I *believe* that the Core Developers ought to "do it right" when it comes to resolving technical issues, IMO make it easier to make important evolutional changes without programming mayhem....

[franky1]

...

Here is what I see missing in the Bitcoin Ecosystem that I would like to see made better:

1)  More merchants accepting BTC as payment.

2)  More users like us...


To a lesser degree:

3)  Yes, Bitcoin is pretty hard to use for the general public, but I have seen all sorts of users at Bitcoin ATMs...

4)  I *believe* that the Core Developers ought to "do it right" when it comes to resolving technical issues, IMO make it easier to make important evolutional changes without programming mayhem....

in response to point 4. they need to CODE solutions. and not think about economics/price wars..
they should only think about expanding the utility via code.. and let the world decide the economics.
my main gripe is their lack of CODE to set priority/recognise priority. but put in mechanisms that push the fee forward even if there was low demand.

devs need to stop pushing an agenda and instead just stick to utility and expansion.

using 'averages' which dont make the fee's drop reactively when demand is low. but actually keeps fee's up. even when one block is low demand.
EG take a 25 block average.. imagine first 24 are 0.0001 and the 25th is 0.0025 then look at the 'average' after that.. even if demand was near 0 and no one was pushing the fee up.... the "average" itself pushes up

they really should have done some proper 'priority' coding. and not just the fee war thing they done, especially now all wallets are literally sheep following the price upwards and mining pools have to literally break away from the 'average' rule to allow in cheaper tx's just to break the constant rise.

sheep following and concentrating only on price rather than coded security is the downfall of any 'decentralised/diverse coding project'

[Yakamoto]

I personally think that the only thing missing within the Bitcoin economy is actually getting it to people with simple applications that can use emails or other relatively simple IDs to send transactions. Right now not many people want to go through a whole alpha-numeric string to get their friend's wallet or whatever, and simplifying that process (and having more companies accept it) would be huge.

[franky1]

I personally think that the only thing missing within the Bitcoin economy is actually getting it to people with simple applications that can use emails or other relatively simple IDs to send transactions. Right now not many people want to go through a whole alpha-numeric string to get their friend's wallet or whatever, and simplifying that process (and having more companies accept it) would be huge.

yep NFC seems to be the readily available tech of most retailers E-PoS systems.

a hardware wallet that sends a public key it owns. the retailer hands it the uptodate 'unspents' of those addresses along with a output address the retailer wants to receive to. then the hardware wallet automatically forms a tx, signs it internally and only sends out the signed tx to the retailer.

its a split second thing which allows hardware wallets to stay offline while making uptodate payments.

also users dont need to use, see or care about lengthy public keys as its all done unseen on a retailers e-point of sale and the hardware wallet via their NFC's. where the only thing thats 'swapped' is public data anyway

[error08]

WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.

SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?

I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?

Your thoughts are much appretiated.....

There are some problems why bitcoin not having greater impact yet.
Lack of information about bitcoin, really. How much people in the world know about bitcoin and blockchain technology? I just find out because my friend told me and some of people here knows it by accidentally (word of bitcoin on internet)
Bitcoin seems so complicated in the beginning and new adopters may think it's a scam/not real (lack of information again)
How to get it in the first place, only they who have big amount of money willing to buy (for newbies)
For us, who had known and earn bitcoin, the most problems is how to spend, not many merchants accepted bitcoin payment yet even in some places, there is no any merchant.

[MingLee]

WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.

SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?

I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?

Your thoughts are much appretiated.....

There are no communities or groups that depend on Bitcoin beyond the bitcoin community and the businesses directly involved with it. Considering the current climate, we're the only ones who would really care.

The biggest things holding Bitcoin back is its complexity compared to standard banking and it's lack of use around the world. If it was simpler for the common man and more wide-spread as an acceptable currency, then everything would be fine.

[nara1892]

Bitcoin ATMs.

Getting BTC should be as easy as going to the bank or ATM. Unfortunately here in the U.S. the big banks have made it almost impossible to become a legal "money transmitter".  This is being worked on, but can't come fast enough for me.    If bitcoin could be bought at an ATM then I think POS adoption would explode.

probably the idea of bitcoin ATM is good for those who are new into bitcoin because they can see the "hardware" instead of just "software". and it will make bitcoin be more famous. imo

the other missing thing, in my view, is bitcoin in real coin we can touch. at least there are 10 real coins. just to show to public that it is money.

[mobnepal]

what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?

Your thoughts are much appretiated.....

1. Actually big banks and government are holding bitcoin back while trying to adopt blockchain technology with which bitcoin works.

2. Bitcoin being completely decentralized and not controlled by any companies or group of people, on what way bitcoin will advance depends much on community decision and also there are really good team of developers who are pushing regular updates for making bitcoin better.

3. Currently, most of the people concern is about the block size it seems block size should be increased to lower transaction fee and time for confirmation on transactions.

[BitFinnese]

I personally think that the only thing missing within the Bitcoin economy is actually getting it to people with simple applications that can use emails or other relatively simple IDs to send transactions. Right now not many people want to go through a whole alpha-numeric string to get their friend's wallet or whatever, and simplifying that process (and having more companies accept it) would be huge.

I think this idea had already been done by some online processor, e.g coins.ph.  You can send bitcoin thru your friends email just make sure the guy is also a member of coins.ph.  So that process falls under your vision if im not mistaken.


I have to agree that the bitcoin ecosystem is missing primary companies that can offer jobs to many people and pay them with bitcoins.  There are lots of start-up companies that are born everyday, but they are more as self centered company that wants to exploit people of Bitcoin Idea.

[wilson_bitbybit]

I personally think that the only thing missing within the Bitcoin economy is actually getting it to people with simple applications that can use emails or other relatively simple IDs to send transactions. Right now not many people want to go through a whole alpha-numeric string to get their friend's wallet or whatever, and simplifying that process (and having more companies accept it) would be huge.

This is something that can actually make things easier for many people, and I think at the moment there are companies working on it.
In addition, there are other applications that can contribute to the ecosystem, such as those scheduled for next year, among them lightning network and megaupload 2.0. I hope segwit is activated to allow these improvements to the Bitcoin network.

[Wandering Soul~]

A massive popularity and usage worldwide. Using bitcoin directly is really hard these days that you have to rely in a third party site and of course its so much more difficult to use it personally or in the real world

Most bitcoin users don't have a depth understanding of it and they only know the basics like sending and receiving

Bitcoin is anonymous but buying it without giving your personal info is difficult

[davis196]

WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.

SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?

I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?

Your thoughts are much appretiated.....

There is crusial part that is missing from the bitcoin ecosystem and this is the

mass advertising of bitcoin to people who doesn`t know anything about it,or don`t trust it.

Yes,btc is a specualtion tool and it`s a really good one.

[th3nolo]

I think we need to educate more people about bitcoin; many only recognize it because of its past with Silkroad. This type of approach must change if the bitcoin community wants to grow.

[rajasumi2]

Bitcoin education is totally missing from the bitcoin ecosystem .people should be more educated so that it becomes more popular and the price of bitcoins goes high

[calkob]

Bitcoin is still very complex to use and understand which i think puts people off,  it is also very expensive now and people hate to use decimal places to represent their money,  i think we need to move to bits as quickly as possible,  i have had a few friends who think they have missed the boat because they cant afford 1btc and they wont consider buying 0.5btc..... 

[Kprawn]

I think Bitcoin will take off faster, if someone distributes Bitcoin vending machines with low fees in common market places or shopping malls.

The Bitcoin ATM's are too expensive and the fees are too high. The other problem is merchant adoption and people not supporting these

merchants after they adopted Bitcoin. 

[darklus123]

Probably for me was the mass adoption, I mean what i really mean is that the government should start to recognized bitcoin as the global currency than anything else. I would love to also say to them that if you uses bitcoin you don't have to worry anymore about your currency that is far from USD if your people do invest on bitcoin then probably that huge currency rate differences can be lessen

[Rahar02]

WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.

SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?

I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?

Your thoughts are much appretiated.....

There are several reasons why bitcoin has not blow up yet :
- Lack of information, not many people know about bitcoin, it's different in first, second, and third world countries.
- then, lack of users/adopters
- and lack of merchants accepted bitcoin
- caused, lack of market cap and liquidity.
After all, the price of bitcoin affected by supply and demand
If the price of bitcoin keep rising, how people in sec and third world countries could participate, I mean, they will thinking twice before buy it.

[eternalgloom]

WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.

SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?

I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?

Your thoughts are much appretiated.....

Don't those Darknet marketplaces rely on Bitcoin or some other form of crypto-currency? I'd think if Bitcoin and all other altcoins disappeared, it would have an impact on the online drug trade.
I'm not saying if this would be good or bad, just that in that area, it would have an impact.

Also, quite a few BTC-only gambling sites rely on Bitcoin, but this would ofc continue to exist without Bitcoin, albeit, without some of the handy functionality offered only in BTC casinos (Anonymity, instant accounts, etc.)

Can't think of some more positive examples though :p

[n0ne]

As most users quoted I too believe that the proper way of teaching or sources to learn about the backing technology is missing from the bitcoin ecosystem. Other than this people misunderstanding about the decentralisation is also found which needs to change.