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Author Topic: Even now in 2017, why is bitcoin *still* not accepted as a major currency?  (Read 2934 times)
Captimiz
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March 18, 2017, 06:55:17 PM
 #1

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

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March 18, 2017, 07:04:04 PM
 #2

bitcoin has no arms. no legs and no voice.

bitcoin will not be accpted in your local town store if you simply sit on yor hands and hop bitcoin somehow drops in and talks to your local stores manager.

bitcoin only grows as a real world currency if those that want it in their local stores, actually themselves go into their local stores and help the local stores be bitcoin acceptable.

this means YOU (anyone reading this that wants their local store to accept bitcoin)

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March 18, 2017, 07:04:56 PM
 #3

because, Bitcoin, it's this :























And this, too ...























So ... ouch ?

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March 18, 2017, 07:08:46 PM
 #4

bitcoin has no arms. no legs and no voice.

bitcoin will not be accpted in your local town store if you simply sit on yor hands and hop bitcoin somehow drops in and talks to your local stores manager.

bitcoin only grows as a real world currency if those that want it in their local stores, actually themselves go into their local stores and help the local stores be bitcoin acceptable.

this means YOU (anyone reading this that wants their local store to accept bitcoin)

Surely plenty of people did this in the last 5 years?

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March 18, 2017, 07:11:58 PM
 #5

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

We are not seeing it as a currency for the same reason that we are not seeing gold coins or Apple shares as a currency.

Bitcoin isn't a currency. It is a highly mobile commodity. You can pay in bitcoins but the seller actually wants $$$ , not btc.

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March 18, 2017, 07:13:30 PM
 #6

It's not accepted because currency does not have violent swings in value. What other currencies go up or down as quickly as digital currency? If I'm a business owner I can't say a book is 0.01 BTC, and one day it's worth $12 and the next $10. Large swings in the market would kill businesses
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March 18, 2017, 07:14:40 PM
 #7

The answer is simple, because fiat currencies are still the major and that is how it will stay. For various reasons virtual currencies including Bitcoin can't just replace fiat currencies because the world financial system couldn't function that way and that would require changes that just are not possible. But no matter to that Bitcoin is accepted, not maybe that widely as we would like to but in the upcoming years it could become more equal to fiat money. Many people use it and more will begin to use it, so that is success.

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March 18, 2017, 07:21:47 PM
 #8

Because most people don't know about it or its benefits.

It's up to us to spread the word.

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March 18, 2017, 07:30:10 PM
 #9

bitcoin has no arms. no legs and no voice.

bitcoin will not be accpted in your local town store if you simply sit on yor hands and hop bitcoin somehow drops in and talks to your local stores manager.

bitcoin only grows as a real world currency if those that want it in their local stores, actually themselves go into their local stores and help the local stores be bitcoin acceptable.

this means YOU (anyone reading this that wants their local store to accept bitcoin)

why would i care if bitcoin is accepted in a local store?
In it's current state it would be COMPLETELY retarded

A Scene at my local grocery:
me: let me pay for my milk with bitcoin here
cash register person: Hmm...OK
me: I scanned my bar code, so it is done
cash register person: i don't see a confirmation
me: let's wait a little
people in line: grumble, grumble, grumble
cash register person: Mr, please stay aside
me, 13 min later: what's the heck...forget about it...here is $5
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March 18, 2017, 07:48:20 PM
 #10

I'd still say its more about convenience than anything.

Most people earn money in FIAT, so its more convenient to pay for goods in it than having to convert to a different format first.

And even for those who already hold Bitcoin, it simply cannot compete with the speed of transaction of a debit card, especially a contactless debit card which takes literally 1 second at the till to pay for your goods.

If at some point Bitcoin can do that, if I can have a plastic card that I just wave over a reader (or wave phone over reader doing it contactless that way) then boom, finally FIAT has some real competition in buying goods.


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March 18, 2017, 07:57:29 PM
 #11

Surely plenty of people did this in the last 5 years?

in my area, i can buy food pay bills and live happily on bitcoin..
.. oh wait. now i remember i been in bitcoin since 2012 and over the time I spoke to my local stores and hlped them out.

there are a few towns around the world that do have many bitcoin accepting retailers. everything from clothes, electronics, meals and snacks. etc
.. but these are because people helped the retailers set it up. either by a bitcoin being a employee of the retailer or a regular customer in most cases


unless you have many people in your town that are talking to merchants for you.. if you want something. you are going to have to ask for it yourself.
again bitcoin is just code. no legs, no arms.

it cannot get on a plane and come to your town. its something you have to do.

too many people sit their waiting for magic.
and they wait
and they wait
and they ask
"Even now in 2017, why is bitcoin *still* not accepted as a major currency?Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now."

and they dont seem to understand that their local shop doesnt know that you want bitcoin accepted in their store because you never helped them to be able to accept it.

my advice:
do not sit there waiting for magic.

instead find out if there are other bitcoiners in your area and arrange a meetup at a bar/cafe to discus bitcoin. find out the main retailers in your area that all of you use (most popular retailers to actually benefit from accepting bitcoin due to regular customers) and then out of your group find out the most confident person who can help set things up and go to the retailer and help them.

the best successes are not to speak to managers of branches of national/international retailers as they are just glorified supervisors with no actual local power to make changes.. instead look for the non franchised independant stores where the manager does have decision power over payment methods

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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March 18, 2017, 08:00:38 PM
 #12

The popularity of bitcoin is very limited and very few people have heard about bitcoins and very less are using it and it will take a long time for it to reach to different places and I think people who are part of this forum only knows about bitcoins and rest are still unaware.

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NUFCrichard
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March 18, 2017, 08:05:54 PM
 #13

Surely plenty of people did this in the last 5 years?

in my area, i can buy food pay bills and live happily on bitcoin..
.. oh wait. now i remember i been in bitcoin since 2012 and over the time I spoke to my local stores and hlped them out.

unless you have many people in your town that are talking to merchants for you.. if you want something. you are going to have to ask for it yourself.
again bitcoin is just code. no legs, no arms.

it cannot get on a plane and come to your town. its something you have to do.

too many people sit their waiting for magic.
and they wait
and they wait
and they ask
"Even now in 2017, why is bitcoin *still* not accepted as a major currency?Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now."

and they dont seem to understand that their local shop doesnt know that you want bitcoin accepted in their store because you never helped them to be able to accept it.

my advice:
do not sit there waiting for magic.

instead find out if there are other bitcoiners in your area and arrange a meetup at a bar/cafe to discus bitcoin. find out the main retailers in your area that all of you use (most popular retailers to actually benefit from accepting bitcoin due to regular customers) and then out of your group find out the most confident person who can help set things up and go to the retailer and help them.

the best successes are not to speak to managers of branches of national/international retailers as they are just glorified supervisors with no actual local power to make changes.. instead look for the non franchised independant stores where the manager does have decision power over payment methods
Where I live you can't do that. It serves as a store of value, but a very volatile one at that.

I don't expect bitcoin to really replace conventional currencies, it can't. It is too hard to secure, too slow and not scaleable at the moment.
If it were really used by the masses, which is 99.99999% isn't, it would fall under it's own weight almost immediately.

I don't know a single other person who owns Bitcoin, almost no one knows what it even is, why it is good and they have no idea how to buy it! They think you need to mine it!
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March 18, 2017, 08:09:17 PM
 #14

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.

Bitcoin is not ready to be a "major currency", and 'we' are currently moving in the wrong direction. The forkin' mess needs a solution soon, IMO.

FYI: We are planning a fun, harmless "10% Attack" on the ETH/ICO Bubble Game.
Meuh6879
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March 18, 2017, 08:14:47 PM
 #15

A Scene at my local grocery:
me: let me pay for my milk with bitcoin here
cash register person: Hmm...OK
me: I scanned my bar code, so it is done
cash register person: i don't see a confirmation
me: let's wait a little
people in line: grumble, grumble, grumble
cash register person: Mr, please stay aside
me, 13 min later: what's the heck...forget about it...here is $5

Oh Please ... always the same excuse.



In the real world, no seller wait a confirmation with things bellow 200 USD ...

double-spend is not possible when you don't use the blockchain.info junk blockchain reader that it displays transactions that they don't exist in the MEMPOOL.

In French forum, the majority of (wrong) falses transactions (too low fees) is because noobs use blockchain.info to see if transaction exist.
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March 18, 2017, 08:16:00 PM
 #16

I think the high fluctuations and unstability in general is a really big factor regarding this matter. In my country het majority of people who have hear of bitcoin think it's an online currency for criminals to buy illegal products/services.
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March 18, 2017, 08:22:39 PM
 #17

cuz of
Bitcoin is not "still" authorized Cool Cool Cool

kkk
Raja_MBZ
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March 18, 2017, 08:28:49 PM
 #18

That's because its decentralized, no one owns it. No one cares to tell about it to other people, but only wants its value and volume to get higher.

Bitcoin might trounce conventional currencies in an unspectacular way, but it could take time.

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pinkpanther03
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March 19, 2017, 11:22:25 AM
 #19

Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now.
Bitcoin so far is not accepted as currency in majority of the country only for digital payments. Its the reality things happen, therefore so I think it will take many more years before it become a major currency, due to many community are still not ready to accept it massively.

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March 19, 2017, 11:38:19 AM
 #20

bitcoin has no arms. no legs and no voice.

bitcoin will not be accpted in your local town store if you simply sit on yor hands and hop bitcoin somehow drops in and talks to your local stores manager.

bitcoin only grows as a real world currency if those that want it in their local stores, actually themselves go into their local stores and help the local stores be bitcoin acceptable.

this means YOU (anyone reading this that wants their local store to accept bitcoin)

Surely plenty of people did this in the last 5 years?

you'd be surprised to find out how many are actually sitting on their hands and waiting for someone else to do it for them.

you keep hearing people say "i wish .... accepted bitcoin" the you ask "..." why don't you accept bitcoin, they answer "nobody told us they want it"!!!

i asked some people about how many of them actually asked businesses to accept bitcoin and those who said they did were so few!
maybe people think merchants are mind readers.














 

 

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