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Author Topic: Usability of Bitcoin and other cryptocurrencies.  (Read 576 times)
Bittolearn
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September 05, 2017, 12:41:39 PM
 #21

A simple interface to make BTC usable for the mass population would be good, yes.

For me one of the biggest risks for BTC overall is security, and a 'bank' model could provide this. If BTC moons, everyone holding 0.1 may be in the equivalent state to hoarding $50,000 under their mattress. That's a lot of insecurity (and temptation for crims) right there.

It would also provide a framework for BTC investment legacy, something that doesn't seem to get a lot of attention (as long as the early adopters are alive...)

I think a BTC bank is inevitable if mass adoption is to occur, even if it does sit outside many folks vision for BTC. Good luck with it.
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September 05, 2017, 12:43:07 PM
 #22

So, we have reached the final stage .. of what , that can be guessed easily.

When we realize that we need a bank to use bitcoin "easily".
Where the hell are those ideas coming from ?

What is the point of having bitcoin when we need a "project" to easily transfer money between you and the exchange.
If we would  already have this , why using bitcoin and not this system.

A bank? Really a bank?
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September 05, 2017, 12:56:48 PM
 #23

I agree that in some short period of time in the future the Bitcoin banks will appear. This seems like a logical step with huge rise of Bitcoin users and global acceptance. Now we already have Bitcoin debit cards and the number of similar services will increase in the future. Of course there are still a lot open questions and issues related to that but the new solutions will appear.

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September 05, 2017, 01:05:13 PM
 #24

There are some countries yet to explore the full potential of cryptocurrencies but I guess they can use Monaco or Centra, which is in development phase. I too agree with the translation fees problem but it'll be solved soon I presume.

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September 05, 2017, 01:40:10 PM
 #25

The goal of cryptocurrency is to replace current financial system with its banks and regulators, so we wouldn't need to exchange our crypto coins for fiat - instead we would just use crypto for all our transactions. It's not entirely possible for technical reasons (though we are getting close) and some major players from legacy financial system might heavily resist it. But cryptocurrencies are still very-very young, maybe it will take a few dozens of years before they will become the most widespread form of money in the world.

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September 06, 2017, 05:50:18 AM
 #26

But what about traditional banking services for cryptocurrencies? Let's say you will have opportunity to get loans in BTC or ETH, or you will be able to deposit them earning an interest? Or, for example, if you have an application where you have access to both your wallets in BTC and ETH and additionally you have an access to your bank account and you can translate funds back and forth without any problems?
I think it is all about the availability and the value of cryptocurrency. Usability means the thing of value I think, and so are the other cryptocurrency than bitcoin.

If I think that bitcoin is betterthan other cryptocurrency then I will definitely turn towards bitcoin and I will also look at the current position of bitcoin in the local and international markets. The currency which is widely accepted will cover the markets.

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September 29, 2017, 10:04:06 AM
 #27

But what about traditional banking services for cryptocurrencies? Let's say you will have opportunity to get loans in BTC or ETH, or you will be able to deposit them earning an interest? Or, for example, if you have an application where you have access to both your wallets in BTC and ETH and additionally you have an access to your bank account and you can translate funds back and forth without any problems?
I think it is all about the availability and the value of cryptocurrency. Usability means the thing of value I think, and so are the other cryptocurrency than bitcoin.

If I think that bitcoin is betterthan other cryptocurrency then I will definitely turn towards bitcoin and I will also look at the current position of bitcoin in the local and international markets. The currency which is widely accepted will cover the markets.
Yes it is all about the availability of crypto digital currencies. If you have bitcoin or other crypto currency in your wallet you will be able to use it. Otherwise it will not be possible.

It is reality that bitcoin and other digital currencies have vast usability all over the world, because it is not only acceptable but also very easy and secure way of transferring and paying your bills through your bitcoin wallet.

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September 29, 2017, 10:54:57 AM
 #28

The usability of bitcoin and other cryptocurrencies are very different because the cryptocurrencies are created from different ideas and goals so it means that you can't tell that bitcoin and cryptocurrencies are all the same in terms of its usage or usability. You can tell what are they usability if you will do some reading about the vision and mission of the cryptocurrency.

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Today at 03:55:33 PM
 #29

The advancement of cryptocurrency being used and accepted by a lot of merchants online has an increasing growth! That is why it is high time to invest. A lot of cryptocurrency are now emerging and the originals are bitcoin. And it is never too late to invest. One of the best is Ethereum! I like that www.propthereum.io and their whitepaper is accesible for everyone. It helps me understand the whole concept. Please check it out.
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