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Author Topic: How can we push the actual use of Bitcoin ?  (Read 8603 times)
basyang
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August 05, 2017, 09:14:11 PM
 #121

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.

     I am agree with you, I think we need time to fully accept the bitcoin as payment in every countries. We need to spread the bitcoin knowledge to the people to convince them to used also bitcoin in their transactions. But before to spread it to other we need to discover more about bitcoin before we can teach someone about it, because this is will be our key to convince them to use it.

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craZyLovE0916
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August 05, 2017, 09:19:31 PM
 #122

First of all, if you are the first who discover the benefits and uses of bitcoin you are the one who need to learn and experience the hindrances of bitcoin. Some people did not agree if they have no proof so if you have lot of experience and you prove thay bitcoin is true and legit they will encourage to use the bitcoin. The uses of bitcoin have many ways, they need also to read and learn about the bitcoin before they go to the most deep usage of bitcoin. First you need to know the different usage and then learn steps by steps how to use and how to earn. Then get an experience to the one usage before you go to another. The more you have an information about bitcoin the more ways you can earn and also make a solution to the problems. The only you can help to know the true usage of bitcoin is your self.

"The only you can help to know the true usage of bitcoin is your self."

Even though this is true, it is important to remember most people do not discover Bitcoin by themselves. It is their friend or family or coworker who introduces them to it, then they teach them about it and some people do not care and others research for themselves and learn more about it and get involved in the community and start buying, trading, etc.

Personally, someone (my friend) told me about Bitcoin. Then I heard him talk all the time about it and finally I started to become interested, but I did not listen to him to buy some and now I would be a millionaire. :-/

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August 06, 2017, 01:35:43 AM
 #123

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.
The bitcoin demand has been driven in our world so it means Bitcoin will reach $10000 ten years from now. Bitcoin still continues to be intense interest in digital currency all over the world. Bitcoin will simply become popular store of value much. The confirmation or transaction time is not a problem because other remittances upgraded their system to make transaction's easier and fast.













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August 06, 2017, 01:45:50 AM
 #124

Yes you may be right and bitcoin can actually be use to trade and gain daily income to buy goods and services but the is the scaling issue that delays the confirmation of transactions but it's only a matter of time until it gets resolved cause aftee the split in August 1 which is the recent hardfork, segwit will follow that fix the delay transactions and malleability and all sorts of things then bitcoin can be once again be use for micro payments lik buying coffee,pizza etc. The price should increase and expected to reach some new all time highs.

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ObscurePen
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August 06, 2017, 02:17:48 AM
 #125

Yeah. These are great ideas. I had never thought about the amnesty or charitable works one, but I guess it is a good start. Charities have wide-reaching connections around the entire world and they can easily spread the word about Bitcoin. Since they are always looking for the maximum amount of donations, I think that they may happily accept Bitcoin donations. That is a very insightful idea.

Another thing that you could perhaps add to the list is advertising via Facebook or Youtube or any kind of social media. Small things like changing you profile background on Facebook into the symbol of Bitcoin (not Bitcoin cash Smiley) can assist in spreading the word about Bitcoin. And if you have a successful Youtube channel it may be a good idea to add a Bitcoin advertisement in the beginning. Give this idea some thought and consider adding it to your list.
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August 06, 2017, 03:05:03 AM
 #126

I do not think it should encourage its use, let it grow gradually. Indeed we have to promote and require ads for the use of bitcoin itself as what, we do not need to hurry and press as soon as possible to use it.
Reality has now grown rapidly, supported by promotion and media.

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August 06, 2017, 01:48:58 PM
 #127

There is no need to push Bitcoin. If we pushed you hard people are going to just clam up and not want anything to do with it. To us this is something special to other people it's really just a confusion thing and they're not ready for it yet. At least most of them aren't. It's like anything else that has value, basically do your thing and when people see what you're doing and they become interested they'll ask you.
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August 06, 2017, 02:52:20 PM
 #128

One thing am sure of is that bitcoin is here to stay, but when it will be accepted at every point of sales is what we are anticipating for, some online stores accept bitcoin as they means of payments eg Microsoft when you want to buy software online. If bitcoin can be institutionalized like every other currency it will be a good thing.
But that will still be difficult to achieve considering the fact that bitcoin is not own by any country of the world, but if it can be accepted as means of buying goods and services across all the leading online stores in the world, bitcoin will gain more popularity.
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August 06, 2017, 05:31:37 PM
 #129

There is no need to push Bitcoin. If we pushed you hard people are going to just clam up and not want anything to do with it. To us this is something special to other people it's really just a confusion thing and they're not ready for it yet. At least most of them aren't. It's like anything else that has value, basically do your thing and when people see what you're doing and they become interested they'll ask you.
Yes, pushing should be in terms of action not just theoretically. It is applicable everywhere so definitely it will work for spreading bitcoin awareness too. But in my opinion there could be no concrete definition for the actual use of bitcoin.

If you think being used as a currency is the actual use of bitcoin then most probably you have misinterpreted the usage of bitcoin and its system. Practically we can derive any applications from bitcoin that is the reason we are able to use bitcoin as an investment and we are able to use it for store of value.
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August 06, 2017, 05:43:16 PM
 #130

Yeah. These are great ideas. I had never thought about the amnesty or charitable works one, but I guess it is a good start. Charities have wide-reaching connections around the entire world and they can easily spread the word about Bitcoin. Since they are always looking for the maximum amount of donations, I think that they may happily accept Bitcoin donations. That is a very insightful idea.

Another thing that you could perhaps add to the list is advertising via Facebook or Youtube or any kind of social media. Small things like changing you profile background on Facebook into the symbol of Bitcoin (not Bitcoin cash Smiley) can assist in spreading the word about Bitcoin. And if you have a successful Youtube channel it may be a good idea to add a Bitcoin advertisement in the beginning. Give this idea some thought and consider adding it to your list.
To push the actual use of bitcoin people should understand about the goodness of bitcoin. This takes more time, because at the beginning majority of the users prioritize as an earning source. Later only user realize little by little about the bitcoin need and just upon that more people started using it for shopping and other services.
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August 06, 2017, 07:48:37 PM
 #131

Yeah. These are great ideas. I had never thought about the amnesty or charitable works one, but I guess it is a good start. Charities have wide-reaching connections around the entire world and they can easily spread the word about Bitcoin. Since they are always looking for the maximum amount of donations, I think that they may happily accept Bitcoin donations. That is a very insightful idea.

Another thing that you could perhaps add to the list is advertising via Facebook or Youtube or any kind of social media. Small things like changing you profile background on Facebook into the symbol of Bitcoin (not Bitcoin cash Smiley) can assist in spreading the word about Bitcoin. And if you have a successful Youtube channel it may be a good idea to add a Bitcoin advertisement in the beginning. Give this idea some thought and consider adding it to your list.
To push the actual use of bitcoin people should understand about the goodness of bitcoin. This takes more time, because at the beginning majority of the users prioritize as an earning source. Later only user realize little by little about the bitcoin need and just upon that more people started using it for shopping and other services.
We can push its use by teaching people about bitcoins. Moreover teaching retailers about these bitcoins will really help us in order to make the usage of bitcoins common. The more awareness is the more common is the usage of bitcoins. I personally believe that within few years, they will be made legal.
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August 06, 2017, 09:53:32 PM
 #132

We can push its use by teaching people about bitcoins.
That only helps to a certain extent. In most cases people are only here to make a few quick bucks, and that's really it - they have zero interest in getting to know what Bitcoin is, and how it exactly works. People that are genuinely interested in the technical aspects of Bitcoin, will invest time into educating themselves. Just look at how many newbies pop up, where their first priority is how they can gain activity points, what signature campaign there is for newbies, etc - money is their only incentive.

Moreover teaching retailers about these bitcoins will really help us in order to make the usage of bitcoins common.
Retailers don't care about Bitcoin, that's a fact. The only point where you can help them is to explain how they can avoid dealing with volatility by making use of third party payment processors, and also highlight the fact that chargebacks are not possible. Ultimately, the only thing they care about is generating sales volume.

I personally believe that within few years, they will be made legal.
There are already a few countries having legalized Bitcoin, so that is a very decent first step towards global adoption and awareness.
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August 06, 2017, 11:35:37 PM
 #133

Implementation very important right now for every small business and even bigger to make all purchases by bitcoin as regular fiat money. A lot of people trying to sell something by using bitcoin because it simple and fast   and you can regule the value by using most effective websites which shows nicer price


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August 07, 2017, 02:36:00 AM
 #134

I can notice that some establishments already accept bitcoin as payment which is a good sign since by making it an option, the people who does not know about it will get curious and maybe eventually be interested to join the community. Though mostly it is used when paying online not the direct one like when you are paying for groceries and you pay bitcoin, still it is a progress. To push the actual use of bitcoin, I can convince my friends to access the site which they can use bitcoin to shop or book a flight or pay their bills.

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August 07, 2017, 02:48:04 AM
 #135

Quote from: Mpamaegbu link=topic=2007858.msg20005586#msg20005586 datacceptance3
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.
I think I understand what you're trying to say,  volatility sucks in the context
of using crypto as a currency.   It does.  But how to push mainstream acceptance?
How about this.  Just use it at places that already take it.  When other merchants
see it being used, they'll catch on.  I don't see a better way, because you can't force
anyone to accept it. 
Frankly I see bitcoim more as an asset anyhow and would much rather spend my
filthy fiat.
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August 07, 2017, 04:06:28 AM
 #136

I will not push because for me to grow like this now, all need a process to get to the level required.
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August 07, 2017, 06:26:34 AM
 #137

Retailers don't care about Bitcoin, that's a fact. The only point where you can help them is to explain how they can avoid dealing with volatility by making use of third party payment processors, and also highlight the fact that chargebacks are not possible. Ultimately, the only thing they care about is generating sales volume.

Caring about merchant adoption is so 2014. I remember a few years ago, everyone thought that Dell or Microsoft adding Bitcoin payment options was the gateway to mainstream adoption. Remember the Paypal Pump? Cheesy

Now, it seems that Bitcoin users are increasingly becoming aware that the real value of Bitcoin is censorship resistance and value storage. I have credit cards with cash back rewards that I can use for consumer goods. My bitcoins are for my retirement fund...

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August 07, 2017, 07:30:39 AM
 #138

Implementation very important right now for every small business and even bigger to make all purchases by bitcoin as regular fiat money. A lot of people trying to sell something by using bitcoin because it simple and fast   and you can regule the value by using most effective websites which shows nicer price

Yup you're right there. We can ask people to use btc for small transactions with us, like if we're selling online or services, we can make them realize how easy and convenient it is to use btc for transactions. People we know will eventually be more attracted to btc

 
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August 07, 2017, 07:33:57 AM
 #139

Currently bitcoin is being used by most as a form of investment and long term asset storage. If more people learns the benefit of bitcoin and it's potential, the more users we will have. If they get to know  how easy it is to use bitcoin and most large companies start accepting bitcoin, then we can see the actual use of bitcoin soon.

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August 07, 2017, 07:40:37 AM
 #140

Actually we can't push bitcoins to its use , Bitcoins grows itself and the use are continuous to the company who are researching to use bitcoins in their system ,The use of people and its actual use in the internet we don't need to push it .It will happen it is a matter of time ,years for it.

 
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