In terms of acceptance of bitcoins...

[aoluain]

time wise its hard to figure out when Bitcoin will be widely accepted
although we heading in the right direction for sure with Japan and Australia
making positive moves to accept it as payment and easing taxation of it etc.

For widespread adoption I think a number of things has to happen and a lot
of the points have been mentioned above.

Retailers will have top start accepting it as payment along with the public willing
to use it and this is a kind of "chicken and egg" scenario.

It will have to be as easy to use as it will be to use FIAT

If and when FIAT no longer becomes viable, Bitcoin etc. will have to be ready to take its place.

[hawthelegend]

time wise its hard to figure out when Bitcoin will be widely accepted
although we heading in the right direction for sure with Japan and Australia
making positive moves to accept it as payment and easing taxation of it etc.

For widespread adoption I think a number of things has to happen and a lot
of the points have been mentioned above.

Retailers will have top start accepting it as payment along with the public willing
to use it and this is a kind of "chicken and egg" scenario.

It will have to be as easy to use as it will be to use FIAT

If and when FIAT no longer becomes viable, Bitcoin etc. will have to be ready to take its place.

SO there are companies in Australia and japan that accept bitcoins??

[carlfebz2]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

Bitcoin concept or usefulness is really great but wishing that it would be accepted on every corners of the world would be nearly impossible even we are now witnessing the current acceptance of some countries to bitcoin but in general it would not really be legalized or regulated knowing the fact that bitcoin cant really be controlled by anybody.

[RealSohan]

Bitcoins in such kinds of coins there has no terms and conditions of any investment

[hawthelegend]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

Bitcoin concept or usefulness is really great but wishing that it would be accepted on every corners of the world would be nearly impossible even we are now witnessing the current acceptance of some countries to bitcoin but in general it would not really be legalized or regulated knowing the fact that bitcoin cant really be controlled by anybody.

Hmmmm .. you have a point. The big guys wouldnt want something taking over without them being part of it

[dinofelis]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

Bitcoin's economic model is simply built on a childish conception of "money", namely a collectible.  In the mean time, people have found out the real economic functions of money, and one of those functions is "unit of account", hence a guarantee for a predictable stability of price.  Collectibles cannot do so.  Only assets which have value-regulating mechanisms can.  Moreover, bitcoin's economic model is based upon "sound money doctrine" who prefers collectibles over value-regulated currencies, for the sole reason that seigniorage is perceived to be bad.  Bitcoin has HUGE seigniorage for early adopters.

As such, bitcoin's economic model is ill conceived to be a good currency.  But it is brilliantly designed to be a highly speculative asset, of the kind that financial markets love to play with.  Don't worry, crypto will be loved by banks, but it would be even far more dangerous than the subprime toys they played with.  This is hence what it is becoming: a speculative betting token.

[emezh10]

As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

Majority of people who claims they are not in love with bitcoin are still holding large number of bitcoins because even a child can understand the future potential of bitcoin. And who don't love to make cross border transactions with minimal fee and almost instantly?

Many have already started to use bitcoin and this number will grow exponentially within next few years. No, it is not a childish dream..

I guess they are just not really in this kind of techonology and still they are not really to adopt this kind of techonology in the aspect of money but still what we need is the cooperation of the government that is almost impossible and partnershipss of the company which is a good thing.

[Dimelord]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

Only people who have not realized the potential of bitcoin would not accept bitcoin.Bitcoin has already proved its worth in the past eight years and its price has increased fro $750 to $2000 within six months.If they still refuse to accept bitcoin,then they would be leaved alone from the main stream of economic development.They would be the losers and they would regret for their decisions in future.

[wuvdoll]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

Of course it could happen. As we move to a more global economy it seems more and more possible.
However, because bitcoin is so new, and there are so many bugs and issues that it will definitely be at least 10 years and most likely more before this could happen. Fiat currency just makes much more sense for the time being. Eventually though it is possible.

[stomachgrowls]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

Only people who have not realized the potential of bitcoin would not accept bitcoin.Bitcoin has already proved its worth in the past eight years and its price has increased fro $750 to $2000 within six months.If they still refuse to accept bitcoin,then they would be leaved alone from the main stream of economic development.They would be the losers and they would regret for their decisions in future.

If they able to see the previous price on previous years of bitcoin and didnt decide to engage with it while its still cheap then they do really regret as of now but for those persons who dont know totally i think they wont really not matter or bother theirselves because they are just purely believing and dependent on local fiat.It may become the mainstream in future but being accepted by all people would really remains as a dream.

[Immakillya]

Bitcoin is very volatile. We can't blame them if they wont accept bitcoin. That's why majority still prefer fiat because its more stable than bitcoin. For me, bitcoin is only good for investment. Still, bitcoin will never use by majority as many countries already prohibits their people from using this technology. But i still believe cashless world is possible.

[L00n3y]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

We're currently experiencing a bloody hell here. But look at the news, Japan is open in legalizing bitcoins and I think because of Japan's influence (known from it's economic standard and how they cope up with problem), some countries will follow. Of course our main problem is about people don't have the knowledge on cryptocurrencies, they don't even know the word " Bitcoins ". Or some are just to afraid to try because these so called coins came from the underground of the internet. What's wrong in fiat is that the banks almost owns anything and taxes are everywhere. In terms of transactions in everyday lives especially in the third world countries, fiat is ideal because not everyone has internet connection (mentioning that internet connection in the third world are so expensive) and some people can barely buy a proper smartphone.

It's not childish, it would take time but I think this will be worth the wait.

[celested]

Bitcoin is very volatile. We can't blame them if they wont accept bitcoin. That's why majority still prefer fiat because its more stable than bitcoin. For me, bitcoin is only good for investment. Still, bitcoin will never use by majority as many countries already prohibits their people from using this technology. But i still believe cashless world is possible.

Yes, cash is always stable, it does not have much effect. Bitcoin is different, it is severely market dominated, so it is difficult for them to accept bitcoin, but they can.

[tiggytomb]

I think it will be much sooner then we think, already this year there have been a lot of positive articles in the media about bitcoin, Japan's move also has been a massive step forward.

2017 & 2018 will be where bitcoin breaks out into the mainstream.

[hawthelegend]

So would it be really possible??? That we are still alive when majority is using butcoins and less are in favor of fiat??
I mean the number of fiat users will be the number of user of btc and the number of btc users will be the users of fiat or less...
At age 22, will i still reach that point??

[malami]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

The majority don't accept it as a currency (takes too long to confirm, can't be used offline), but do accept the concept of bitcoin as an asset. At the end of the day everyone can choose how they use bitcoin but I don't think it will become widely used in every day lives unless there is some more groundbreaking development that happens.

[Ashong Salonga]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

We can not tell when those closw minded people open their mind for the significant value and advantage of bitcoin. However, if government support it I think progress would be fster where in people would be convinced more as they see how legit and helpful bitcoin is.

[DevilSlayer]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

In our wild bitcoin will never be become the our main money like fiat. Bitcoin will never be become that but bitcoin will become legally payment that all of the governments will accept bitcoin. I predict that 10 years from now that the bitcoin is now using in our daily lives.

[speem28]

in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

It is not a childish dream, it is possible that majority of people will also start to accept and use bitcoin in their daily lives. When more and more country or government accepted bitcoin and spread the news about it, even people who are not that really into technology will basically understand what bitcoin and what its potential is. Let's just give it more time and I'm sure that peak for bitcoin will be soon be reached.

[Faiyz]

Well they may not like it culturally. Because common knowledge on internet businesses is that it is not easy to trust because you cant see the person in reality and they may just fake it. And you cant easily explain cryptography in one setting to people who does not understand the concept of cryptocurrency.