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Zadicar
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February 15, 2017, 09:32:49 AM
 #41

Out of your opinions I can assume that soon bitcoin will be able to conquer web world and businesses related to internet but I strongly believe that it won't replace fiat in our everyday life aspects, such as bills, food, transport etc.

i think many others also agree on this. bitcoin can not conquer fiat world and replace it completely and will always remain option number two in the real world.

but it can easily replace fiat when it comes to online payment. because all the options we have in online payment are bad compared to bitcoin. they all lack security, privacy and if fees don't go high we can still consider bitcoin to be cheaper.
I dont think so that bitcoin would replace fiat in the future and even how bitcoin would progress it would really remain as an alternative and theres no chance to place on main currency because government will surely create their own e-currency thats why bitcoin couldnt be consider anytime.
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February 15, 2017, 10:03:55 AM
 #42

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 is the best industry to dominate,this is a multi billion industry and Bitcoin dominate this industry,they are definitely arrived and served it's purpose,next is online banking another multi billion industry,but I don't know if it is possible.



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February 15, 2017, 10:40:09 AM
 #43

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?

Obviously, since Bitcoin has been categorize in online industry, well of course all online business in this world it will surely adapt the features concept of bitcoin, then it will be follow by the different remittances all around the world, and all banks too, together online shopping also.

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February 15, 2017, 10:52:29 AM
 #44

Yes bitcoin will be a great currency in the future, but it is still in the early stage of adoption, I think the main target of bitcoin will be e-commerce or online shop, purchasing things online using bitcoin has eliminate the used of identity and bitcoin has become global currency for online payment so I think bitcoin is very suitable for online purchasing that doesn't need the immediate confirmation

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February 15, 2017, 11:14:45 AM
 #45

Basically any place that accepts current money would accept bitcoin at some point if it reaches the point that its valued the same as money and trusted the same. Technology is progressing so digital cash is the cash of the future shops for sure
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February 15, 2017, 11:25:12 AM
 #46

Bit coin is fast growing everywhere now.
Yeah even in remote part of the world today have get the swear of btc.
Online transaction everywhere accept bit coin. So bit coin has an upper hand today.

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February 15, 2017, 11:32:38 AM
 #47

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?

Almost all spheres of life will adapt bitcoin. Bitcoins movement has no focus it is not fixed and in every sectors a small transaction that uses bitcoin is occurring daily. We have now schools, restaurants, charity, churches, taxi companies, hotels and others sectors in the society have started to accept bitcoin in the miniscule level. But possibly the major activities of bitcoin that will soon emerge will be the business sector and we are referring to commercial shopping centers.

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February 15, 2017, 12:23:40 PM
 #48

Well,  not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen.

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February 15, 2017, 12:39:49 PM
 #49

Yes, most people voted currencies Bitcoin is the future.
To turn Bitcoin becomes the currency of the future, first, it should we use in everyday transactions, namely buying and selling online. Online trading activities on the site will promote currency Bitcoin becomes more popular and more widely known. I think the online sales site is the best promotion of the moment.

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February 15, 2017, 02:58:23 PM
 #50

Yeah, it's not that I don't realise that bitcoin has played an extremely important role in some people's lives and it has made certain moves to develop over a long period, it's just that how bitcoin works is quite different from what we call fiat money. And people have got used to with fiat coin for ages and systems have been built based on fiat money so it's a daydream to say that bitcoin will completely replace fiat coin, at least for now.

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February 15, 2017, 03:03:57 PM
 #51

Bitcoin is used in online shopping mostly and I suppose this is why satoshi invented this currency.
But most of the online shops like amazon didn't say yes to bitcoin yet

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bering
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February 15, 2017, 03:16:16 PM
 #52

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?
foods stores should be the first because the main needs for human is foods and people could not survive without foods and if food stores in the entire world accept bitcoin as the payment i think it like dream comes true to bitcoin users because it makes bitcoin popular and maybe the government would regulated it

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February 15, 2017, 03:54:54 PM
 #53

Well,  not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen

I don't think it will help in any significant degree

I guess many online businesses are perfectly aware of Bitcoin and possibilities that accepting payments with it could provide. It seems that they don't accept Bitcoin because of two major reasons. First, Bitcoin is not accepted by most governments as a legal payment method for most merchants (barring exporters) since it is treated either as a commodity or foreign currency (which is usually not allowed as a legal payment). Second, Bitcoin price is volatile so it makes no particular sense for merchants to accept Bitcoin if they could just accept dollars

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February 15, 2017, 04:10:20 PM
 #54

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 will be the next step after online gambling.  Then its down to the current banking industry if they want to provide services around bitcoin or fight it.  There are many social change benefits, too many to list.
Agree theres too many to list since theres a lot of sections does bitcoin could possibly be used specially on online transactions and any other means which involve peer to peer transfers.if adoption would increase even more we could witness more on bitcoin development.
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February 15, 2017, 07:51:00 PM
 #55

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?
The electronic stores and places were already the first ones to actually adopt it seriously, the biggest shops like amazon and ebay haven't, but it is going solid in that direction.
Physical adoption is minor right now, people don't change to new things quickly and would need time to adapt and take something offering better services than traditional [money], BTC does offer that for both consumers and merchants..
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February 15, 2017, 08:11:26 PM
 #56

Well,  not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen.
everyone have their own field, traders are reluctant about the price of bitcoin. i think if the price of bitcoin will remain constant then they will certainly take more and more interest in bitcoin. but i think it still require some more time.



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February 15, 2017, 08:36:28 PM
 #57

Well,  not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen

I don't think it will help in any significant degree

I guess many online businesses are perfectly aware of Bitcoin and possibilities that accepting payments with it could provide. It seems that they don't accept Bitcoin because of two major reasons. First, Bitcoin is not accepted by most governments as a legal payment method for most merchants (barring exporters) since it is treated either as a commodity or foreign currency (which is usually not allowed as a legal payment). Second, Bitcoin price is volatile so it makes no particular sense for merchants to accept Bitcoin if they could just accept dollars
You mention that Bitcoin is not accepted as legal payment by governments, thus most merchants are not able to accept it as legal payment. But what if they make use of a service like Bitpay?
They would receive the payments in fiat currency, so it would be legal then, or not?

Another factor would be that the cost of implementing Bitcoin payments and the support for it is greater than the possible profits to be made from that.


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February 15, 2017, 09:42:36 PM
 #58

Well,  not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen.

I think the main problem is the demand/buyer. I'm sure some merchant aware about bitcoin and I'm sure they will interest, so they will learn more, but the main problem is after the merchant implement bitcoin into their shop, people around not aware or even not interested to bitcoin(could be to lazy to understanding/self-taught), i think it's not just advertising, the education is important too.
It's happens to my local machine shop which accept bitcoin, the uses of bitcoin for transaction very rare.
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February 16, 2017, 05:50:34 AM
 #59

Well,  not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen

I don't think it will help in any significant degree

I guess many online businesses are perfectly aware of Bitcoin and possibilities that accepting payments with it could provide. It seems that they don't accept Bitcoin because of two major reasons. First, Bitcoin is not accepted by most governments as a legal payment method for most merchants (barring exporters) since it is treated either as a commodity or foreign currency (which is usually not allowed as a legal payment). Second, Bitcoin price is volatile so it makes no particular sense for merchants to accept Bitcoin if they could just accept dollars
You mention that Bitcoin is not accepted as legal payment by governments, thus most merchants are not able to accept it as legal payment. But what if they make use of a service like Bitpay?
They would receive the payments in fiat currency, so it would be legal then, or not?

Another factor would be that the cost of implementing Bitcoin payments and the support for it is greater than the possible profits to be made from that.

I do know and have concerns about the volatility problem of Bitcoin. But if merchants start using Bitcoin as a payment gateway through the services provided by Bitpay or likely sites then it will obviously increase the popularity and usage of Bitcoin in a wide range.
I have seen some Logistics and travel agencies started using Bitcoin as their payment gateway through service providers, that will encourage the users to go for Bitcoin than fiat. 

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February 16, 2017, 06:54:42 AM
 #60

So bitcoin is in baby stage for many people Hardly 1% of the total population knows about bitcoin in my country so when there is such type of low rate adoption so bitcoin accepting service will also be low. But if government make it officially legal coin then adoption will increase and then we could say yes bitcoin is everywhere.
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