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Author Topic: Andreas Antonopoulos Lays Out the 3 Pillars of Bitcoin Mass Adoption (2014)  (Read 467 times)
Kemarit (OP)
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February 26, 2017, 10:11:54 AM
 #1

I stumbled upon a 2014 radio interview of Andreas Antonopoulos, who we all know
if a avid supporter of bitcoin. He layed out 3 pillars that should make bitcoin
mass adopted.

1.) UI - Perhaps he is referring the Interfaces that a wallet should have. But hey
           its 2014. A lot has improved since.
2.)Security/Anonymous:
3) Price Stability:

I think the UI issue has been already been improved a lot and is a non-factor here.
Do you think that no. 2 and no. 3 reason is still a reason today before bitcoin
become mass adopted?

Here's the link: http://insidebitcoins.com/news/andreas-antonopoulos-lays-out-the-3-pillars-of-bitcoin-mass-adoption/26925

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davis196
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February 26, 2017, 11:15:38 AM
 #2

I think that the lack of price stability isn`t an issue at all.
Most of the bitcoin users hold bitcoins because the price is unstable.If the price was stable,all the speculators will run away and the market will be destroyed.
The security issue is the biggest problem.Bitcoin mass adoption is stopped by 2 things.
1.Buying bitcoins is expensive and risky because of the scammers.
2.There aren`t many ways to invest those bitcoins,and again,it`s because of the scammers.
 

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February 26, 2017, 11:19:02 AM
 #3

1.) UI - Perhaps he is referring the Interfaces that a wallet should have. But hey
           its 2014. A lot has improved since.
There are decent wallets/interfaces for pretty much any operating system nowadays. I don't think a lot more improvement in this aspect is required.

2.)Security/Anonymous:
Security is higher than ever before. Take a look at the hashrate: https://bitcoinwisdom.com/bitcoin/difficulty
There's plenty to improve anonymity wise though.

3) Price Stability:
The price is less volatile than ever before. Take a look here: https://bitvol.info/

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MadGamer
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February 26, 2017, 12:01:32 PM
 #4

UI issues? I guess that Exodus fixed that problem, and I doubt that the old wallets such as Electrum & Multibit have any plans to change their UI though, It doesn't look like their first priority & TumbleBit should fix the anonymity problem, don't know If a soft fork is required or not. Now, for the price, I believe that most of people are using bitcoin just because of the instability because they are seeing it as an investment more then a currency, not to mention that big whales manipulate the market as well so stability could be something hard to get IMO.
Senor.Bla
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February 26, 2017, 12:07:21 PM
 #5

1. Quite good already, but you can still improve. I see the main problem with people to afraid to try and not to dump to manage once they try.

2. Security is from the technical side fine, but there is a big potential to fuck up at the end user site. Like above people need more education on how to do it right. The anonymity is something people do not get with Bitcoin, because it is pseudonymity and people need to lean the difference. 

3. This is a problem.

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February 26, 2017, 12:34:11 PM
 #6

From my perspective, bitcoin's price instability is quite an issue as thanks to this rapid fluctuation, people's attentions are drawn into bitcoin and it has attracted many users and in fact, some people admitted that they keep using bitcoin because of its unstable price. But this has also stopped merchants from fully accepting bitcoin and governments from realising its true value.

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Xester
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February 26, 2017, 12:51:03 PM
 #7

I stumbled upon a 2014 radio interview of Andreas Antonopoulos, who we all know
if a avid supporter of bitcoin. He layed out 3 pillars that should make bitcoin
mass adopted.

1.) UI - Perhaps he is referring the Interfaces that a wallet should have. But hey
           its 2014. A lot has improved since.
2.)Security/Anonymous:
3) Price Stability:

I think the UI issue has been already been improved a lot and is a non-factor here.
Do you think that no. 2 and no. 3 reason is still a reason today before bitcoin
become mass adopted?

Here's the link: http://insidebitcoins.com/news/andreas-antonopoulos-lays-out-the-3-pillars-of-bitcoin-mass-adoption/26925


I dont think these three items will hamper bitcoin from reaching its end in gaining the favor of being widely adopted by the masses. Bitcoin is now moving towards that direction even without Andreas telling the people about those things or whether he is right or wrong is no longer an issue. Bitcoin is getting stronger and the users are increasing daily and with that sooner or later mass adoption will be awarded to bitcoin.
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February 26, 2017, 02:47:47 PM
 #8

1. The GUI of most wallets are easy enough to understand.

2. Well as I've learned from reading about it, it's not totally anonymous. It seem pretty secure, most of the problems happen near the end-user side of things, with people not installing proper anti-virus and so on.

3. The volatility is actually the reason I heard about bitcoin and I guess it's safe to say it's the reason many people got into it at first. We can't say for now if the price stabilizing would cause people to abandon it. If this does happen the more gutsy ones will flock to take advantage of the reduced price.
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