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Author Topic: when bitcoin can be used by all levels of society?  (Read 14348 times)
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March 11, 2017, 11:41:52 AM
 #1

I hope that bitcoin is already in use by all levels of society in the next seven years, so that every economic activity in every transaction it could use bitcoin!

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March 11, 2017, 12:24:48 PM
 #2

Bitcoin will be use by all levels of the society if bitcoin will become popular because bitcoin just need popularity to be able to attract someone's attention so if we will work on that and also work for the improvements for the bitcoin at the same time so there is nothing to worry about for making all level of the society use bitcoin as their primary or secondary currency.

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March 11, 2017, 12:47:16 PM
 #3

Bitcoin will become popular no earlier than appears cash coins. Or when other currency will be removed cash coins.
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March 11, 2017, 03:48:10 PM
 #4

I hope that bitcoin is already in use by all levels of society in the next seven years, so that every economic activity in every transaction it could use bitcoin!

of course we can reach all level of society but it still need a time before we see this is happen and we need to spread about bitcoin into many places and we should introduce bitcoin into many people and if we do this together then i think we can reach this level in not too long especially if the blockchain technology is fix to make fast confirming and this will attract more people to use bitcoin for their daily life like what we are doing now.

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March 11, 2017, 04:10:24 PM
 #5

I hope that bitcoin is already in use by all levels of society in the next seven years, so that every economic activity in every transaction it could use bitcoin!

There are many factors that affect the popularity and its scalability. Firstly bitcoin should be legal in all countries as now it is known as illegal.

Bitcoin is being used by hackers which are giving a bad popularity to bitcoin and people are afraid to buy bitcoins and/or use it as a regular money as they are afraid, simply haven't understood yet.

I think that the government should encourage/stimulate more the businesses and other institutions to use more the bitcoin but it's not good for them as the money is getting "disappeared" and not centralized.


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BitSat
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March 11, 2017, 06:24:58 PM
 #6

I hope that bitcoin is already in use by all levels of society in the next seven years, so that every economic activity in every transaction it could use bitcoin!

of course we can reach all level of society but it still need a time before we see this is happen and we need to spread about bitcoin into many places and we should introduce bitcoin into many people and if we do this together then i think we can reach this level in not too long especially if the blockchain technology is fix to make fast confirming and this will attract more people to use bitcoin for their daily life like what we are doing now.
You are right we can reach all levels of society but its need some very hard work and time because currently we have some bad points of bitcoins also just because of these so many peoples afraid of this if we can do encourage peoples with some positive approach and education then we can achieve of this goal in near future


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March 11, 2017, 06:31:14 PM
 #7

I hope that bitcoin is already in use by all levels of society in the next seven years, so that every economic activity in every transaction it could use bitcoin!

It can be used now to all levels of society but that is not possible to those countries that already prohibited the use of bitcoin. This might change in the future but odds are low since the non regulation of bitcoin can lead to so much risk even bitcoin will give a good opportunity for the people.

Let's now wait for the changed views of those economist on the government where bitcoin is prohibited.


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March 11, 2017, 07:26:29 PM
 #8

Though bitcoin is not currently used by all levels of society due to ignorant, elites using the media to propagate bad news about bitcoin and others crypto currencies and insecurities. I think before 2023 bitcoin should be used by all level of our society and by then those who buy and hold bitcoin now will become the rich in the society than. The issue of insecurity will also be resolved before then.

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March 11, 2017, 07:29:26 PM
 #9

I hope that bitcoin is already in use by all levels of society in the next seven years, so that every economic activity in every transaction it could use bitcoin!

Bitcoin may be great for transaction but for some country, bitcoin can be use for terorism activity since bitcoin is untracable !
Eventhough bitcoin has more advantage rather disadvantage but the bad things really concern in order to protect their people

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March 11, 2017, 08:13:19 PM
 #10

I hope that bitcoin is already in use by all levels of society in the next seven years, so that every economic activity in every transaction it could use bitcoin!

Bitcoin may be great for transaction but for some country, bitcoin can be use for terorism activity since bitcoin is untracable !
Eventhough bitcoin has more advantage rather disadvantage but the bad things really concern in order to protect their people
This really the disadvantage of bitcoin and you were right it can be used also on terrorism because it can't really be traced there are people who really make some advantages of it, bitcoin doesn't select it's users as long you do have Internet then you do have access to it.

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March 11, 2017, 08:29:01 PM
 #11

It will be used by all levels but the devs need to fix a few things like scalability and faster confirmation time. If we can use bitcoin to purchase items like how we do in fiat, without waiting for confirmation time, it will be adopted faster.

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March 11, 2017, 08:40:57 PM
 #12

It will be used by all levels but the devs need to fix a few things like scalability and faster confirmation time. If we can use bitcoin to purchase items like how we do in fiat, without waiting for confirmation time, it will be adopted faster.

Core is pushing for Bitcoin to be a settlement layer. So, you'll be using a service that relies on bitcoin, not bitcoin itself.

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


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March 11, 2017, 08:46:39 PM
 #13

Bitcoin definitely has its merits for everybody, the poor can send without permission and the rich can store their money. The problem will be convincing all levels of society that these benefits are worth it to them to trust bitcoin.

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March 11, 2017, 09:02:01 PM
 #14

Well, there are many hurdles it'll have to go through. First of all would be the current problem with confirmation time. You won't be able to convince people to use bitcoin for daily stuff they normally use fiat if it takes a long time to confirm transactions. Then you also need to increase the awareness. People often only hear about it in the news if there were crashes and rallies and when some hacker use it for ransomware or do away with an exchanges coins.
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March 11, 2017, 11:34:36 PM
 #15

I think bitcoin will be use by all levels of society like fiat currency when that time came bitcoin will be legalized in all countries and its price will became more stable in the market, because it the price of bitcoin will remain to its erratic fluctuation behaviour its no wonder government will not recognize it as sustainable currency to everyone in this planet. So we must advertise bitcoin to all our friends in order for us to have more users and economy of digital currency will prosper.

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March 11, 2017, 11:46:06 PM
 #16

all levels of society can use internet or paypal?
We should wait a little

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March 12, 2017, 01:18:44 AM
 #17

Bitcoin could be used by people all over the world if it gets popular enough because Bitcoin is pretty much part of the internet and anyone who has access to the internet will be allowed to purchase Bitcoin from the currency vendors on popular forums and such.
If the people have virtual bank accounts or PayPal accounts then I am pretty sure that they could purchase Bitcoin with websites like Coinbase and such. The rich, middle class, and the poor could have Bitcoins if they choose to accept it as a payment option as well.

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March 12, 2017, 01:38:28 AM
 #18

I hope that bitcoin is already in use by all levels of society in the next seven years, so that every economic activity in every transaction it could use bitcoin!

Everything takes time. To make bitcoin used by all level of society is to simply slowy accepting and understanding its usage. With that it wouldnt be hard for the world to patronize bitcoin. The process may took a long run, but it will be worth it. The problem there is the government that keeps on opposing the idea of bitcoin which makes it hard to make bitcoin attract people. And also another thing, there are society or countries who belong in the 3rd world era, which I believe, slowly developing in the sense that there isnt enough technologies and knowledge about it.


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March 12, 2017, 01:39:46 AM
 #19

I hope that bitcoin is already in use by all levels of society in the next seven years, so that every economic activity in every transaction it could use bitcoin!
As long as they have internet connection and interested to use btc every persons can use it. The reason why only few people now using btc because of not enough knowledge to understand btc and how it works.


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March 12, 2017, 01:42:15 AM
 #20

actually bitcoin already can be used by all level of society, the problem is how to convince them using bitcoin, there are too much negative publicity of bitcoin and the one that didn't know bitcoin, will considered bitcoin as a criminal currency, and we need time to change their mindset, but this need to be done slowly, but if we speak the truth bitcoin really gives so many advantage to the user and the world

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