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Author Topic: Bitcoins Everywhere? Not yet...  (Read 7877 times)
Yakamoto
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February 25, 2017, 06:50:06 PM
 #181

I believe Bitcoin is in every country but as to whether it is everywhere(inner city's, hinterlands, ghettos, etc.) I can't tell because it wouldn't be possible to even distribute bitcoins everywhere since there are just about 21 million bitcoins in the world minus the lost ones and Satoshi's cut.

Yes, exactly, one of the reason of why bitcoin is not yet everywhere it is because we only have few millions of it compare to the population of the world, but not only that it is also because we have lack of introducing bitcoin everywhere, and the limit of accessing bitcoin everywhere. Because the number of bitcoin can be increase once demand rises, producing coins will be follow.
yes the main reason is that bitcoin is still not yet as popular everywhere. i think still only 1 % of all the population of the world is using bitcoin or know about it while still majority of the people still do not even know about bitcoin and therefore hey are not using it.
1% is too small and i think not all country. most of the bitcoin users i think are china.. and us well since those country are bing maybe only 1% are bitcoin users.. but this is not sure because bitcoin users are almost anonymous.. we do not know even the exact estimate if how many bitcoin users..
The biggest thing that matters is that people in the first world or most places that have any piece of plastic will rather opt to pay with said piece of plastic than try out something that they aren't even remotely close to being paid in. It's kind of a shitty situation regardless of how you look at it, since it takes an entire paradigm shift to change anything.














 

 

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February 25, 2017, 07:25:51 PM
 #182

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Online shopping. None physical services like subscriptions to ISP for internet cellphones etc etc. Will then move on to ordering online pyhical items and it will just roll on from then. More and more places will start accepting it in fear of being left behind and they need btc customers too they would not turn down money in any form.

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February 25, 2017, 08:11:23 PM
 #183

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Online shopping. None physical services like subscriptions to ISP for internet cellphones etc etc. Will then move on to ordering online pyhical items and it will just roll on from then. More and more places will start accepting it in fear of being left behind and they need btc customers too they would not turn down money in any form.

Problem a lot merchants are facing is that they aren't familiar with how things work here in the Bitcoin world. They just look at the volatility and completely lose all interest in having Bitcoin as payment option within their business. If they knew that services such as BitPay exist, then they would see that there is no need to be afraid of the volatility anymore. Being charged just 1% per transaction is peanuts compared to what Visa and MasterCard are charging. Definitely an added benefit.

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February 26, 2017, 03:57:18 PM
 #184

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Since online world is obviously the main line of bitcoin transactions then all online related things associated with our daily life will be the one who will get the most of it. It will include online shopping (which actually present now), online payments (e.g bills, fees, reloads etc), money transfers (local, foreign and everything about remittances) and many more.

After that I think electronical payment or e-payment will be the next one and that will include physical payments such as when you buy at groceries, payments at physical shop or merchants, mall shopping, restaurant or mini cafe etc, transportation etc.
The future of bitcoin is big as of now it's value is changing/increasing each day so there is a high possibility that bitcoin will be known by all . And if it happened that is the time that many business will be open to accept bitcoin in shopping,payments or even lending. For know we can do many transactioin in bitcoin such as buying loads and paying bills but i know that bitcoin has a greater future and a brighter upgrade.



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February 27, 2017, 08:06:10 AM
 #185

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Online shopping. None physical services like subscriptions to ISP for internet cellphones etc etc. Will then move on to ordering online pyhical items and it will just roll on from then. More and more places will start accepting it in fear of being left behind and they need btc customers too they would not turn down money in any form.

Problem a lot merchants are facing is that they aren't familiar with how things work here in the Bitcoin world. They just look at the volatility and completely lose all interest in having Bitcoin as payment option within their business. If they knew that services such as BitPay exist, then they would see that there is no need to be afraid of the volatility anymore. Being charged just 1% per transaction is peanuts compared to what Visa and MasterCard are charging. Definitely an added benefit

I don't really think that big online retailers like Amazon, Wal-Mart, iHerb, etc, are not familiar with these services. I guess their neglect of Bitcoin is primarily based on three points. First, they are too big while Bitcoin user base is, consequently, too small for them to bother about it. Second, the services you are talking about don't quite match their caliber either. They are mostly using Visa (and cronies) as well as PayPal as the payment processors for online purchases. And third (and this might be a decisive factor), there is no more or less established regulation of Bitcoin across different countries. I mean in some of them Bitcoin is effectively considered as an illegal means of payment, say, in China (though not outright prohibited), so it would give them a lot headache from the legal side of the matter

In short, Bitcoin is not yet quite on par with its bigger competitors (in respect to online businesses, at least)

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February 27, 2017, 09:54:55 AM
 #186

Bitcoin has so much potential that it could be applied to almost everything. I think before anything else bitcoin could be a good way of paying salaries of employees due to its underlying technologies. For instance, the smart contract offers a great deal of improvement for employees making sure that they receive their salaries sufficiently and on time.
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February 27, 2017, 02:16:44 PM
 #187

no its not everywhere right now. may be after 5 more years we will have bitcoin bitcoin in everyone's mouth instead of dollar  or whatever we have and local newspaper will  have pe to display bitcoin's exchange rate like other currencies.
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February 27, 2017, 02:26:53 PM
 #188

no its not everywhere right now. may be after 5 more years we will have bitcoin bitcoin in everyone's mouth instead of dollar  or whatever we have and local newspaper will  have pe to display bitcoin's exchange rate like other currencies.
It would take 5 years or more before the bitcoin will totally grow and be known by almost all people.
Little by little, day by day, more people get involved and become curious about bitcoin especially those interested in trading.
Hoping so that it would be displayed like other currency but the tendency for that is that the government might wanting to hold the bitcoin price.

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February 27, 2017, 02:30:34 PM
 #189

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Online shopping. None physical services like subscriptions to ISP for internet cellphones etc etc. Will then move on to ordering online pyhical items and it will just roll on from then. More and more places will start accepting it in fear of being left behind and they need btc customers too they would not turn down money in any form.
In fact currently bitcoin is mostly use for online services while in few places may be use as fiat currency in local shops but not yet everywhere, because bitcoin service is only available where the users of bitcoin are more that other areas. Where the shopkeepers can understand that they can get some profit from bitcoin.

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February 27, 2017, 02:52:53 PM
 #190

The future already came true. Look at how this currency has evolve Bitcoin has already been adapt with our daily lives it is already supported in some online stores in the web.
You can use it to buy some personal necessities, use it as payment to your internet provider, pay bills, buy gadgets or buy game credits your call.
And this doesn't stop here, in the future well see some innovations in bitcoin but first it needs to solve its current problems first.

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February 27, 2017, 03:40:22 PM
 #191

For me, bitcoin is "almost" there in terms of usage and will be mass adopted slowly. There are still issues that need to be resolved however, like the block size, the transaction fees. With that said, if those issues mentioned are resolved price the prices of bitcoin stabled, I think bitcoin will be everywhere then.
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November 26, 2017, 03:05:27 PM
 #192

you're tired of having to convince people around you that Bitcoin and Blockchain are technologies that have come to help the human being in his odyssey on planet Earth, you should look for cities where the digital currency is most naturally seen . San Francisco, New York, and London are good examples of cities in which Bitcoin is beginning to be part of the everyday lives of many people. The Nomad List, a site that lists the best cities to live and work remotely using a series of metrics such as income, safety, air quality, and internet speed, listed cities that are more Bitcoin-friendly.

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November 26, 2017, 03:32:02 PM
 #193

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Yes not yet. The world is still adjusting in technologies where some countries are still not allowing bitcoin in their country because of the fear of it may be the rival of their own currency. In cities it can be more popular because of developing technologies wherein people will always find new things about technology and on the internet. May 8n the near future some countries will completely adapted the bitcoin and make it as their currency (crypto currency).

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November 28, 2017, 11:49:16 AM
 #194

All online shops and online based companies with terms or payment of credit items via internet ...
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November 29, 2017, 06:17:02 AM
 #195

In the present era, Bitcoin, the fastest growing cryptocurrency, with its magic wand, converting millions of people into bitcoiner. Despite of the fact, bitcoin is not everywhere, it is still a internet money only, where you can sell or buy bitcoin, according to your profit but the increasing valuation of bitcoin, which is about $10k, signifies the very great scope for the bitcoin money, where people could do transactions for their daily life product with the bitcoin, and I could say with no wonder that I coming time, bitcoin would be used as money for having transactions.

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November 29, 2017, 06:51:16 AM
 #196

Firstly - online shopping, lotteries, food delivery and so on. Secondly, loans and credits (if you manage to stabilize volatility).

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November 29, 2017, 06:59:50 AM
 #197

In the present era, Bitcoin, the fastest growing cryptocurrency, with its magic wand, converting millions of people into bitcoiner. Despite of the fact, bitcoin is not everywhere, it is still a internet money only, where you can sell or buy bitcoin, according to your profit but the increasing valuation of bitcoin, which is about $10k, signifies the very great scope for the bitcoin money, where people could do transactions for their daily life product with the bitcoin, and I could say with no wonder that I coming time, bitcoin would be used as money for having transactions.

Yes, I agree but the magic wand thing? Not. It has no power to end poverty by the way, Yeah it continue on increasing but it doesn't mean that bitcoin is like a magic wand. You can work with bitcoin anywhere but I dont think so if there is bitcoin everywhere. I guess it was just an internet money were you able to gain online not anywhere.

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December 02, 2017, 12:37:50 PM
 #198

I think  will only happen to pay for online !
In the real world, bitcoin don't as major currency, Imagine how cool it would be if you could pay on each transaction with Bitcoins,
But I believe many people will soon start receiving too
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December 02, 2017, 12:46:21 PM
 #199

yes bitcoin is not used everywhere in every transaction because it is not legalised in every country so the bitcoin is not used in every where

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December 02, 2017, 12:52:13 PM
 #200

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?
I think payment a bitcoin for online shopping is near for reality, I think it is a big help for those who are addicted in online shoppers. This would be the next target of bitcoin or maybe using bitcoin in groceries or small stores.  Cheesy



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