Even now in 2017, why is bitcoin *still* not accepted as a major currency?

[shield132]

Oh people, more than 9 ears old bitcoin isn't so new because now mostly everyone has heard about bitcoin. What do you expect more from bitcoin? It is used in many things without any problem if there is payment with cryptocurrency, it's possible to exchange btc/usd and there are btc ATM's. So this coin can't change gold or USD, EURO and national currencies, it is doing it's best.

[andron8383]

Some poeple don't get that BTC is not daily currency.
BTC cannot scale to be currency of world because NETWORK cannot stand that pressure.
Visa have 2000tx/s this is about 1000MB block this is 370TB/year to BTC.
It is IMPOSSIBLE to use it as world daily currency but BTC can be fiat backed currency and anty printing money.

If you want fast and flexible currency you should go for mysql databse and then it is possible.
Decentralized system cannot win with centralized system that is why POLONIEX is so huge volume, while
any decentralized exchanges are slow PILE OF SHIT.

[Winner]

With Bitcoin being new while being not that secure is mainly why the coin isn't a major Currency. The Currency that we have today is usually secure only when the person who have the money contained in their Businesses claim that it is. Like a Bank for example, the money could get placed in a secure place and we really don't need to think about counterfeit money being made from nothing.
Bitcoin could get double-spent and there's plenty of methods that allows people to get free items just by manipulating Bitcoin's Blockchain.

[batang_bitcoin]

Don't expect that bitcoin will be treated as a major currency. But us who are here in forum and as well as people who are living on the internet can consider this and those people who are in the deep web. But if you are thinking that it will be a major currency declared by the gov't of any country it won't happen. It's decentralized and they won't take the risk of it.

[Yakamoto]

It's not supposed to be surprising to anyone that Bitcoin isn't currently the largest currency worldwide, that much is obivious, nor should it surprise anyone that it isn't recognized as a major currency yet. There are still a lot of politics surrounding Bitcoin that each country has its own answers to the Bitcoin problem, as it were.

You can only get something accepted as a major currency if many powerful groups recognize it. Since Bitcoin has no-one to negotiate with, every other country is just making up what they want.

[hardtime]

I'd have to say there is going to have to be a ton of reasons for Bitcoin not being able to be accepted / used by a ton of people on the universal scale. One of the biggest problems I see with Bitcoin is going to have to be that Bitcoin is something with extreme volatility when it comes to the value of it, so it's unable to be used by people and trusted to the point in knowing their money is worth the same amount as it was before.

I think this part alone is pretty shitty as it makes Bitcoin a problem when it comes to running a business that is going to take USD and Bitcoin on the side or something along those lines. Going further, Bitcoin has a huge scaling solution that it is pretty heavily divided on when it comes to the miners. This causes the fee for using Bitcoin to be very high and would cause using Bitcoin to be pretty expensive.

So yeah, those are my few reasons.

[Selly Arumsari]

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

i think because bitcoin not real money like dollar , but no problem because user bitcoin by internet not bad

[Winner]

Using Bitcoin is just a choice that someone decides on making. Bitcoin isn't a mandatory thing where it's the only payment method that someone needs in order to purchase items. Introducing Bitcoin to another person that is not familiar with Computers and certain electronics may intimidate them and they would stay far from Bitcoin due to its complexity.
It depends on the person, Bitcoin is the same thing as regular Currency -Bitcoin is used more electronically is all.

[Schuyler]

Using Bitcoin is just a choice that someone decides on making. Bitcoin isn't a mandatory thing where it's the only payment method that someone needs in order to purchase items. Introducing Bitcoin to another person that is not familiar with Computers and certain electronics may intimidate them and they would stay far from Bitcoin due to its complexity.
It depends on the person, Bitcoin is the same thing as regular Currency -Bitcoin is used more electronically is all.

Bitcoin isn't as complex as other people might think. It just so happens that bitcoin has not been introduced to a wider audience yet. I think it is up to us early adopters to spread the word and do our small contributions in making bitcoin more popular, which would in turn arouse the curiosity of those who are still clueless what bitcoin can do for them.

[GreenBits]

Using Bitcoin is just a choice that someone decides on making. Bitcoin isn't a mandatory thing where it's the only payment method that someone needs in order to purchase items. Introducing Bitcoin to another person that is not familiar with Computers and certain electronics may intimidate them and they would stay far from Bitcoin due to its complexity.
It depends on the person, Bitcoin is the same thing as regular Currency -Bitcoin is used more electronically is all.

Bitcoin isn't as complex as other people might think. It just so happens that bitcoin has not been introduced to a wider audience yet. I think it is up to us early adopters to spread the word and do our small contributions in making bitcoin more popular, which would in turn arouse the curiosity of those who are still clueless what bitcoin can do for them.

I don't think it is the complexity of bitcoin as much as the complexity of regulating bitcoin. It moves through borders too easy, is hard to restrict, hard to tax in a meaningful way, and anonymous enough to make law enforcement say fuck all this, this is evil darkwebz money. Not being able to control the supply and distribution doesn't help toouch either. And banks can't manipulate it, so they don't really have an incentive to let it compete with King Cash and his brother, Credit.

[divinemaniac]

Bitcoin is not developed enough to be a real currency. As others have stated, it is more of a commodity.
Because of it's volatile nature, it is very very risky to use to as a major currency because something that costs $5 today might cost like $10, $20 even tomorrow.

On top of that, the general public who have no technical knowledge wont be able to use bitcoin unless more people get into development and more elegant and user friendly solutions are developed.

[panju1]

Bitcoin is not developed enough to be a real currency. As others have stated, it is more of a commodity.
Because of it's volatile nature, it is very very risky to use to as a major currency because something that costs $5 today might cost like $10, $20 even tomorrow.

On top of that, the general public who have no technical knowledge wont be able to use bitcoin unless more people get into development and more elegant and user friendly solutions are developed.

Everybody is still waiting for the killer app of Bitcoin. It will take some time.
Bitcoin is great for cross border remittances, but not very user friendly. And the high transaction fees are more or less killing microtransactions.

[GreenBits]

Bitcoin is not developed enough to be a real currency. As others have stated, it is more of a commodity.
Because of it's volatile nature, it is very very risky to use to as a major currency because something that costs $5 today might cost like $10, $20 even tomorrow.

On top of that, the general public who have no technical knowledge wont be able to use bitcoin unless more people get into development and more elegant and user friendly solutions are developed.

Everybody is still waiting for the killer app of Bitcoin. It will take some time.
Bitcoin is great for cross border remittances, but not very user friendly. And the high transaction fees are more or less killing microtransactions.

Man, I forgot about the fees, don't even get me started!  It used to be OK to send tiny amounts with low fees (cleaning dust) and actually expect them to confirm..Things hang so perilously in the mempool now, it's a crap shoot no matter how.much fee you attach. I simply expect a ten percent tax on my bitcoin purchases at this point. For once, fiat is looking way more attractive to hold asy 'housr' currency.

Bitcoin is about to hit a lurch, I can taste it. Too much bull in the air ATM
 Why do we always hit an ATH, then the world crashes and burns around us?

[ice18]

I think bitcoin will not and will never be accepted as a major currency for now or even 10 years from now, because majority of the countries in their respective government do not accept bitcoin as legal currency and its not yet popular enough it will take more years to fully recognized the importance of bitcoin in our society today..

[Sled]

The only thing we need to convince to make bitcoin as a major currency is the government from different countries, if they understand bitcoin well and if they realize the advantages from using it then it will be very easy for bitcoin to be accepted as a major currency. One of the things we need to do is to keep spreading bitcoin to different social medias because that is where the most of the people coming in and because of that there is a high possibility that government will notice the bitcoin and start studying or do experiments with it.

[d5000]

BTC cannot scale to be currency of world because NETWORK cannot stand that pressure.
Visa have 2000tx/s this is about 1000MB block this is 370TB/year to BTC.

At least, one poster that mentions the scaling problem (and not only because it lowered BTC's price a bit or because it divides the community ).

But I think you're wrong. Bitcoin could scale to hundreds of millions of users and possibly even to billions, but our tech isn't there still. We need working decentralized second layer solutions for that. LN is a good concept for small transactions, but we need Segwit first and I wouldn't like to use it for large transactions. Extension blocks and drivechains are, for me, the most interesting concepts and I hope we'll soon see them happen.

Edit: And yes, volatility is another problem. I think however it's solvable, because when liquidity grows in the future, more people will be willing to "back" a certain value by placing long-term bids on exchanges or by offering goods and services for a fixed price in BTC.

[Pearls Before Swine]

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)

there's no reason any rational person would try to convince a store manager to take a form of money that very few people use and the volatility of which is off the charts.  Bitpay just converts btc to fiat for the merchant,  so he ends up accepting...fiat. 

[ufaiz50]

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

bitcoin has no form or can be say anonym and many governments who think anonymous is illegal and dangerous, and they probably will not benefit if it accepts bitcoin as the government does not know anyone who has a bitcoin and tax can't be wear.

[mastermold]

In my opinion for it to become widely-accepted you should be able to provide for most basic needs: Food, Shelter, Clothing and Energy.
The first three are not so difficult to arrange for but the last one it quite hard because international oil trade is not arranged for in Bitcoins, however the adoption of merchants of food, shelter and clothing could create the basis for a strong local Bitcoin exchange market.

[Przemax]

In my opinion the main fault for that is the corporate consensus. Many companies or at least in a game industry should allow a widespread bitcoin payment option.

Its a profitable option for either a player or a game owner to pay in bitcoin if payment involves different currencies.

I can guess why that might be the case that game owners are reluctant to make such a move as to implement the bitcoin payment. I would guess that most of the game developers are dependant on the bank credit. They would anger their creditors if they would implement bitcoin payments.

Maybe they are afraid of unknown tax regulations when it comes to bitcoin so that makes them reluctant.

There is an option that they might be just lazy and dont see the point in implementing such a payment. But I would guess thats not the case.