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Author Topic: We need an incentive to make first world population use Bitcoin  (Read 3672 times)
TastyChillySauce00
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January 01, 2017, 01:27:05 PM
 #81

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.
Because living there will require much more money compared to third world country and that's why so many people in first world country when moving out to the third world country will be instant rich as long they have savings in form of their own currencies therefore people need to be smart to keep their money efficiently without doing anything which is unnecessary and yeah I think that giving special discount for using bitcoin will be very effective but the problem is no one is going to do this unless someone who have some shop but also bitcoin geek.

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January 01, 2017, 01:33:24 PM
 #82

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.


I disagree with you there should be no incentives for using Bitcoins, Bitcoin is already gaining popularity and it's should be highlighted because it's decentralised, it's easier to use. It's owned by none and it's safe and secure what else incentives you want. Plus it's the risk prone to any outside events. Incentives is a bad idea and it should not be implemented at all.
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January 01, 2017, 01:33:37 PM
 #83

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.
Because living there will require much more money compared to third world country and that's why so many people in first world country when moving out to the third world country will be instant rich as long they have savings in form of their own currencies therefore people need to be smart to keep their money efficiently without doing anything which is unnecessary and yeah I think that giving special discount for using bitcoin will be very effective but the problem is no one is going to do this unless someone who have some shop but also bitcoin geek.

Hmm, I see it is indeed as you say. That someone who already believe and have enough knowledge in the bitcoin will certainly get the richness in the near future and different from those who work all day. Because in the bitcoin we can still benefit by only storing a few bitcoin owned, and this cannot be found in other currencies. Bitcoin is indeed something will be the best investment place in the world and I think in the future will be much better from now on (population levels)
 
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January 01, 2017, 01:38:33 PM
 #84

Bitcoin has already a lot advantages against fiat, besides the huge potencial to get more value over time, sure some discounts can be made with bitcoin that with fiat couldnt be possible, but those is suposed to be the extra income the seller will get since he/she will save a good ammount at the fees it would pay to sell their products.
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January 01, 2017, 03:06:14 PM
 #85

To be educated on this field first that means a lot of advantage of course. Because you do learn from them much more you could use it to set up an earning solution for you and to your possible client you just have to educate them properly.
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January 02, 2017, 04:14:41 PM
 #86

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.
The companies that actually use bitcoin are small companies, if we want for bitcoin to become something that everyone uses and become the best alternative for fiat we need big companies to step up and start using it, like eBay or Amazon to make it as a payment method so that it becomes more popular.
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January 02, 2017, 07:10:31 PM
 #87

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.
The companies that actually use bitcoin are small companies, if we want for bitcoin to become something that everyone uses and become the best alternative for fiat we need big companies to step up and start using it, like eBay or Amazon to make it as a payment method so that it becomes more popular.
The question is why would big companies want that? It is extra work without benefits. I would not count on eBay, since they are in bed with PayPal. Amazon did not want to because Bitcoin was to insignificant if i remember correctly. We need to use alternatives like openBazaar and if they will become big enough this will not only be good for Bitcoin but also force other platforms to use it.

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January 03, 2017, 08:40:55 PM
 #88

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.
You are correct in a sense but while the average person right now might not think a lot for the characteristics of bitcoin it does not mean that at some point it will not become important in the future.

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