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Author Topic: How can we push the actual use of Bitcoin ?  (Read 8368 times)
User365
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July 07, 2017, 10:56:26 AM
 #1

I and many others just hold their bitcoins and wait till it gets worth more. But that is not how a currency should work. A currency is meant to be used in daily trades for groceries and so on.

My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?

I think first, we should wait till the scaling problem is hopefully solved in near future, because right now even if I had f.e. a grocery store, I would not accept Bitcoin as payment becasue of the confirmation time of the tx (I would hand out some coupons which can be bought for BTC)

After this problem is solved this would be my ideas, I hope you help me gather more:

  • Convince organisations like amnesty international to accept bitcoin as donations
  • Convince big internet companies like amazon to accept payments via bitcoin, this should take a while but with some petitions they might consider it (propably better starting with some smaller companies)
  • Start accepting bitcoins yourself, not only on the interent but for example if you are a student and do some private tutoring, and have a small ad for you on a blackboard somewhere, you could print a "Bitcoin accepted" on it.

[could be your ad]
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July 07, 2017, 11:08:01 AM
 #2

There is no need of a pushing, let it grow on the gradual manner as it's now. If this needs to be promoted already several advertising might have been done, but in reality the growth is enormous and trustful through word of mouth rather than other means of promotion.

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July 07, 2017, 01:25:13 PM
 #3

The one above me is correct. There is no need to shove bitcoin into market. Once scaling is solved and transaction time is no longer a problem, this will come in naturally. The only thing that can be required from the community is its continuous support and usage of bitcoin. The market will adopt to it when it recognizes that the volume of bitcoin users is quite large or profitable.

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July 07, 2017, 01:36:44 PM
 #4

i mostly agree with your third option, and generally to start from ourselves. if we have a business or do anything that is involving money to change hands, then why not use bitcoin.

and also the most important part is when we start using bitcoin ourselves. we can't really expect big businesses like Amazon to start accepting bitcoin when not that many of us are really willing to spend our coins.

Buying the dip...
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July 07, 2017, 01:40:58 PM
Last edit: July 07, 2017, 02:19:55 PM by mindrust
 #5

I accept bitcoins myself and no other options. If the seller don't offer bitcoin payments, I insist on it. If he don't show any interest, I don't do business with that seller and skip to another one.

You have to have a bit of H*tler inside you if you want to push bitcoin's usage further.

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July 07, 2017, 02:49:18 PM
 #6

There is no need of a pushing, let it grow on the gradual manner as it's now. If this needs to be promoted already several advertising might have been done, but in reality the growth is enormous and trustful through word of mouth rather than other means of promotion.

We need to solve the ongoing scaling drama before we try to push for any sort of bigger use cases. Until we get the proper scaling measures deployed, it's better to leave bitcoin as a store of value and that's all. If you want to help the scaling debate, you can do everything you can to avoid the hardfork, because a hardfork would pretty much kill bitcoin. There's no way im going to bother explaining to people if they need to invest in bitcoin 1 or in bitcoin 2, it's just ridiculous.

Let's avoid the hardfork first, lets get segwit in, lets get lightning networks, and lets roll.

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July 07, 2017, 03:06:41 PM
 #7

For me, if the high transaction fees and block size debate is solved, more and more people will go to bitcoin for whatever purpose they want to. We don't need to actually promote it. It will fly by itself. Right now, a lot of people don't know about it, but for me I don't insist on it. Let them know it by themselves and I'm pretty sure they will go back to me to ask more questions about bitcoin. Let bitcoin promote itself.



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July 07, 2017, 03:27:54 PM
 #8

I and many others just hold their bitcoins and wait till it gets worth more. But that is not how a currency should work. A currency is meant to be used in daily trades for groceries and so on.

My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?
When a commodity will be having a bright future, how we can expect people will be spending them ? This is what actually happening with bitcoins, people are into investment mode with respect to bitcoin, it might take more time for them to switch over to currency mode.

My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?
No one can define the actual use of bitcoin as currency. Probably the actual applications of bitcoin in should be two and the people are doing perfect already. Yes, the people who are using bitcoins for both investments and as currency. But, I agree the percentage of people who will be using bitcoin as currency must be significantly lower. But we can hope it will improve in coming days.


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July 07, 2017, 03:41:33 PM
 #9

I and many others just hold their bitcoins and wait till it gets worth more. But that is not how a currency should work. A currency is meant to be used in daily trades for groceries and so on.

My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?
When a commodity will be having a bright future, how we can expect people will be spending them ? This is what actually happening with bitcoins, people are into investment mode with respect to bitcoin, it might take more time for them to switch over to currency mode.

My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?
No one can define the actual use of bitcoin as currency. Probably the actual applications of bitcoin in should be two and the people are doing perfect already. Yes, the people who are using bitcoins for both investments and as currency. But, I agree the percentage of people who will be using bitcoin as currency must be significantly lower. But we can hope it will improve in coming days.

The main reason of not using bitcoin as currency by most of them are due to fluctuation of the price and small business peoples are afraid of this fluctuation as it is fluctuating daily on 10% basis. When the price gets stable and only moves low then only we can see bitcoin getting accepted in all types of business.
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July 07, 2017, 03:51:29 PM
 #10

I think first, we should wait till the scaling problem is hopefully solved in near future, because right now even if I had f.e. a grocery store, I would not accept Bitcoin as payment becasue of the confirmation time of the tx (I would hand out some coupons which can be bought for BTC)

Yeah, you mention the biggest hurdle in the way of Bitcoin as payment method. No one gonna waste $2.5 for every transaction. If this problem could be solved, believe me many-many merchants will start using BTC payments without any marketing or convincing.
Till last year Bitcoin was major source of payment on survey, online working, affiliate sites but now hardly any site pays in Bitcoin without deducting huge fees.
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July 07, 2017, 03:55:13 PM
 #11

I accept bitcoins myself and no other options. If the seller don't offer bitcoin payments, I insist on it. If he don't show any interest, I don't do business with that seller and skip to another one.

You have to have a bit of H*tler inside you if you want to push bitcoin's usage further
.

Haha, that's right. Most people are hesitant to accept bitcoin, let alone any other crypto. So maybe if we were more persistent they would be accepting bitcoin faster.  Smiley
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July 07, 2017, 03:58:32 PM
 #12

I think first, we should wait till the scaling problem is hopefully solved in near future, because right now even if I had f.e. a grocery store, I would not accept Bitcoin as payment becasue of the confirmation time of the tx (I would hand out some coupons which can be bought for BTC)

Yeah, you mention the biggest hurdle in the way of Bitcoin as payment method. No one gonna waste $2.5 for every transaction. If this problem could be solved, believe me many-many merchants will start using BTC payments without any marketing or convincing.
Till last year Bitcoin was major source of payment on survey, online working, affiliate sites but now hardly any site pays in Bitcoin without deducting huge fees.

That's why we need to let it gradually grow without artificially speeding it up through advertisements, after the scaling is solved hopefully very soon I believe we can put this discussion in the right perspective because there are many ways we could get people to actually spend their bitcoins on a daily basis and likewise merchants if we could get transactions confirmed early and at a reasonable rate.
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July 07, 2017, 04:02:56 PM
 #13

I and many others just hold their bitcoins and wait till it gets worth more. But that is not how a currency should work. A currency is meant to be used in daily trades for groceries and so on.

My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?
When a commodity will be having a bright future, how we can expect people will be spending them ? This is what actually happening with bitcoins, people are into investment mode with respect to bitcoin, it might take more time for them to switch over to currency mode.

My question is how can we push the actual use of the bitcoin and what is nessacary to do that ?
No one can define the actual use of bitcoin as currency. Probably the actual applications of bitcoin in should be two and the people are doing perfect already. Yes, the people who are using bitcoins for both investments and as currency. But, I agree the percentage of people who will be using bitcoin as currency must be significantly lower. But we can hope it will improve in coming days.

The main reason of not using bitcoin as currency by most of them are due to fluctuation of the price and small business peoples are afraid of this fluctuation as it is fluctuating daily on 10% basis. When the price gets stable and only moves low then only we can see bitcoin getting accepted in all types of business.
Example: When Bitcoin success in the ways fixed transaction fees, stable and confirm very fast like DGB, can altcoin will death?

Because if your idea become true, the bussiness will going to Bitcoin and can use it for deal, not need altcoin to helps Smiley
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July 07, 2017, 04:05:52 PM
 #14

May be everyone is looking at bitcoin as the way of earning huge return of investments, a way of making profits. We will need to change that thinking in at least 70% of bitcoin users. The number is just speculation but it should work at tha time as they won't just hold the bitcoin and let it RIP there to grow. Then the transactions will be faster and bitcoin will start moving in the market lightening fast. The more it will be traded the more it will gain value against the goods and services.


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July 07, 2017, 09:51:05 PM
 #15

A ton of topics have already been made asking the same question, usually the same options are given as you've just mentioned.

Sure, you could go around and ask companies to accept Bitcoin, but I'm not sure if that really helps much.
In the end, a couple of e-mails or tweets do not have a really big impact.

I'd say, let Bitcoin grow organically and don't push it too much on people or companies.
It's better if people find out about it themselves, though news or other sources.


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July 07, 2017, 11:15:19 PM
 #16

For me, if the high transaction fees and block size debate is solved, more and more people will go to bitcoin for whatever purpose they want to. We don't need to actually promote it. It will fly by itself. Right now, a lot of people don't know about it, but for me I don't insist on it. Let them know it by themselves and I'm pretty sure they will go back to me to ask more questions about bitcoin. Let bitcoin promote itself.
It will be resolved as fast as possible but with some possibilities the chain gets forked and another bitcoin will be appeared as like BTU in bitfinex. We can't push the actual use of bitcon if the block still really slow like this time. There is no way to do that.



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July 08, 2017, 02:24:08 AM
 #17

For me we don't have to convince an organization we only need to do is to promote it more in social media, forums , advertisement and through news that way many people will get curious in Bitcoin if they got curious they'll be the one who will search for the use of Bitcoin and stuff.

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July 08, 2017, 05:42:53 AM
 #18

May be everyone is looking at bitcoin as the way of earning huge return of investments, a way of making profits. We will need to change that thinking in at least 70% of bitcoin users. The number is just speculation but it should work at tha time as they won't just hold the bitcoin and let it RIP there to grow. Then the transactions will be faster and bitcoin will start moving in the market lightening fast. The more it will be traded the more it will gain value against the goods and services.

That is the general belief of holders of Bitcoin. We really don't see it as an alternate fiat. Rather we see it as an asset like a property that should be held until it appreciates. However, I don't think that attitude is what holds the global acceptability of Bitcoin. Its erratic price fluctuations, among others does. One may accept it as payment and the price drops within few minutes of that even before hitting the receiver's wallet. Also, there are issues of backlog of unresolved transactions and high fees.

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July 08, 2017, 05:46:26 AM
 #19

You should also include support from our government because I think that is one of the many reasons why we are not having the support or user that we need for bitcoin. Imagine if we got the support of our own government and they talk about bitcoin in news, in their conference and etc, it's my opinion but if I hear these talks in different medias I think I will get interested in it and believe in it even if it is the first time I heard about bitcoin.

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July 08, 2017, 05:59:13 AM
 #20

There is no need of a pushing, let it grow on the gradual manner as it's now. If this needs to be promoted already several advertising might have been done, but in reality the growth is enormous and trustful through word of mouth rather than other means of promotion.
There is a lot of value in pushing the use of Bitcoin as opposed to just relying on people to start using it just because someone told them it was a good idea. I know for a fact that there are more people that started using Bitcoin (or at least talking about it) through me encouraging conversations on the topic and being (slightly) aggressive when it came to talking about it as opposed to casual conversation. For companies, they need to see a desire to use Bitcoin for them to accept it as a means of making money. They see that desire through a push for its use.

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