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Author Topic: How can we help bitcoin grow?  (Read 3770 times)
GetOutOfMyLife (OP)
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January 29, 2018, 02:22:14 PM
Merited by QuestionAuthority (5), PeRo (2)
 #1

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?

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January 29, 2018, 02:44:02 PM
 #2

People or companies need to invest more into Bitcoin. As you can see, the problem here is that there's so much demand for Bitcoin but it lacks supply. It needs to be balanced in order to ensure growth in this cryptocurrency. We need to spread the news and let people invest into Bitcoin since it will benefits us all in the end.

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January 29, 2018, 03:01:34 PM
 #3

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?
We can help the bitcoin grow by educating people of what bitcoin can do in our lives. Prove them that they are wrong in thinking that it is illegal or came from scam. Be a good example by making your life successful.
amishmanish
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January 29, 2018, 05:20:04 PM
 #4

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?

The best thing we as users can do is to make ourselves aware of the qualities and shortcomings of bitcoin. We should be abreast of the work being done to take care of those shortcomings. We must also read and form an opinion as to why bitcoin is more resilient, secure and tested than all the other clones.

Learn as much as you can about the PoW vs PoS case for a truly decentralized cryptocurrency that wants to be an international medium of exchange with no third parties. If you have the time and inclination then try LN yourself. Be prepared to combat the FUD.

Jaycee99
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January 29, 2018, 05:28:14 PM
 #5

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?

First I cant say if my opinion is right but I would like to say that we can help bitcoin inprove much better is buy bitcoin or of you have a bitcoin. I got to say this because you can have the great experience of taking good care of bitcoin if you dont know how it feels like when its rising and decreasing. As  long as you hold bitcoin people will have the nature of studying bitcoin to get them to know how to run bitcoin. As for my first opinion you got to buy or invest in the bitcoin which help the bitcoin stay in one.
wantjokull
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January 29, 2018, 05:30:03 PM
 #6

There is nothing much we can do about it. The feeling for the real use shall come from the end user itself. There was simple fact/idea behind the bitcoin and that was to use the bitcoin as pseudo anonymous way to transact and go P2P easily. However whole humanity who is using it has changed the course of bitcoin with different angle. They using it to make money, create assets for themselves and exchange it for the shitty alts.

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?
We can help the bitcoin grow by educating people of what bitcoin can do in our lives. Prove them that they are wrong in thinking that it is illegal or came from scam. Be a good example by making your life successful.

That’s not gonna help mate. How many you will educate ? And by what means ? Greed comes first, forget about educating people !! They can’t.

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January 29, 2018, 06:06:51 PM
 #7

There is nothing much we can do about it. The feeling for the real use shall come from the end user itself. There was simple fact/idea behind the bitcoin and that was to use the bitcoin as pseudo anonymous way to transact and go P2P easily. However whole humanity who is using it has changed the course of bitcoin with different angle. They using it to make money, create assets for themselves and exchange it for the shitty alts.

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?
We can help the bitcoin grow by educating people of what bitcoin can do in our lives. Prove them that they are wrong in thinking that it is illegal or came from scam. Be a good example by making your life successful.

That’s not gonna help mate. How many you will educate ? And by what means ? Greed comes first, forget about educating people !! They can’t.


We can help Bitcoin grow through social media advertising. Sharing what we know about Bitcoin and what are the possible things Bitcoin can do. We can also invest more to it. Education and awareness is the key so that Bitcoin will be known to the world.
wantjokull
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January 29, 2018, 06:22:02 PM
 #8

There is nothing much we can do about it. The feeling for the real use shall come from the end user itself. There was simple fact/idea behind the bitcoin and that was to use the bitcoin as pseudo anonymous way to transact and go P2P easily. However whole humanity who is using it has changed the course of bitcoin with different angle. They using it to make money, create assets for themselves and exchange it for the shitty alts.

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?
We can help the bitcoin grow by educating people of what bitcoin can do in our lives. Prove them that they are wrong in thinking that it is illegal or came from scam. Be a good example by making your life successful.

That’s not gonna help mate. How many you will educate ? And by what means ? Greed comes first, forget about educating people !! They can’t.


We can help Bitcoin grow through social media advertising. Sharing what we know about Bitcoin and what are the possible things Bitcoin can do. We can also invest more to it. Education and awareness is the key so that Bitcoin will be known to the world.

What kind of social media advertising you think can work for the virtual currency like bitcoin. How many legitimate sources do you find online everyday that are trusted by our society. In the world where money matters the most people will spread the scams for a publicity but they will never spread the truth for the sake of other people’s growth.

This could become the most spammy way to educate people. Each and every moment in th crypto there are people who get victimised by various Ponzi schemes, and with this we might just get people to take the wrong steps.

Education is the best way, but how will educate people when our government are on the verge of banning the whole thing and the whole idea of virtual currencies. What would you teach them?

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January 29, 2018, 07:09:51 PM
Merited by amishmanish (1)
 #9

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

The latter is necessary for the first. Unless more people start to use SegWit, Bitcoin won't be able to satisfy the next growth spurt. Without our crazy pioneers testing LN on mainnet, it would take even longer for LN to become production ready and enable the scalability that is needed for an increase of adoption.


So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?

To improve Bitcoin adoption and reduce fees, the most tangible thing you can do is to 1) start using SegWit, 2) avoid exchanges that haven't yet switched to SegWit (looking at you, Coinbase) and 3) become one of the crazy pioneers that test LN on mainnet, if you are so technically inclined.

Apart from that, the only thing you can do is educate yourself and those around you. Know the up and downsides of Bitcoin and its surrounding ecosystem. This way you'll be able to call out bullshit, when you see it, and support potential newcomers, when they need it. Especially the latter is of utmost importance.

Should friends of you decide to enter crypto, make sure that they stay safe. That they know how to secure their coins and that they learn how to avoid getting scammed. I'm not sure why, but people seem to lose common sense after entering crypto, start to get greedy and fall for the silliest of rip-offs. Don't let this happen to your friends.

In addition to that, it's of utmost importance that we, as a community, make the lifes of newcomers as easy as possible, lest they turn their backs and never come back. It used to be that cryptocurrencies was mostly for techies and a special breed of libertarians. Now the average consumer is entering the game and we need to make sure that those civilians don't get hurt in this wild west clusterfuck that is crypto.

Oh, and don't try to push crypto on people. It gives crypto a bad rep and makes it seem like a weird cult. I mean it is, in a way, but just be supportive when people ask for help.



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January 29, 2018, 07:36:24 PM
 #10

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?


hate to admit it but, i really think that there really aren't a lot of things that we can really do to help improve bitcoin adoption. it simply is out of our hands. yes, we can do our own part by learning a lot about it and understand it as better as we can so we can also be able to educate a lot of people about it properly which will lead to more people that knows a lot about bitcoins and are well equipped to also spread the word and teach others qualitatively. but that is the only thing we can do. and the fact that the only thing that bitcoins can offer now is huge profits is getting old and overused. if its own developers do not find a concrete solution other that the lightning network which seemingly is just serving the purpose of "this will do for the mean time while we still do not have a good fix for the real problems of bitcoin's block-chain(fees, long confirmation waits etc.)." unless the developers themselves can actually do something about this, then i really do not think that bitcoin's price will be increasing as fast as last year. just my opinion though.
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January 29, 2018, 07:44:48 PM
 #11

Bitcoin is on now volatile. We can grow it's price by some step. We should not be worried about the price. We should buy and hold Bitcoin untill hitting a good price. Don't sell it now and wait for more investment on it. Hopefully price will be rising.
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January 29, 2018, 07:47:04 PM
 #12

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?

What is really needed to keep bitcoin growing in the future, we can all help promote bitcoin to everyone who might help develop bitcoin in the future ..
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January 29, 2018, 07:48:57 PM
 #13

For value, just keep buying. But for usability, more awareness needs to be explored. The benefits far outweigh any disadvantages. The more people are comfortable with the idea behind it, the most will it be adopted.
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January 29, 2018, 07:55:03 PM
 #14

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?

What is really needed to keep bitcoin growing in the future, we can all help promote bitcoin to everyone who might help develop bitcoin in the future ..

Yes. I agree. We need to educate people and to inform them that if they wanted to be one of the millionaires of Bitcoin, They should invest on it. Many people are now become successful because of bitcoin and that is not impossible for them. Promoting bitcoin to all of the person you know will help the Bitcoin grow in price and to be used by many.
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January 29, 2018, 08:02:53 PM
 #15

the only true way to make bitcoin great, like it was supposed to do, is make it usable in more shop, we need more retailer, shop owner, small shop, to adopt bitcoin as form of payment, next to cash and credit card, if you own a shop, if you are a preofessional, please start adopting bitcoin.
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January 29, 2018, 08:04:58 PM
 #16

You can help if you dedicate more time to helping out the community.

You could perhaps start a blog where you blog daily (at least 1 article) about the crypto world, while making sure to hype your articles on social media, so that mainstream people can read them.
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January 29, 2018, 08:06:08 PM
 #17

We can help in our own way, share it, start with your family members, friends, co workers. Share them your story, inspire them, let them see how Bitcoin has changed your life for the better. Once they have interest on it, educate them, guide them and then it's their turn to share their own stories. and the cycle continues. Together, we will grow.

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January 29, 2018, 08:08:10 PM
 #18

The development of the community around cryptocurrencies will promote their adaptation in the real world and the use and distribution of bitcoin will be more massive. And he will not scare people with his mysteriousness
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January 29, 2018, 08:15:00 PM
 #19

if only we alone I think it is impossible to help the development of bitcoin, to help the development of bitcoin can be by way of introducing to others, and invite to invest in bitcoin
Bonsaiav
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January 29, 2018, 08:26:15 PM
 #20

Make a positive speculation about bitcoin on the web, blog, twitter, facebook, youtube or other networking sites, stay away from negative responses. Show that bitcoin is capable of racing to the $ 20k level quickly.
Get started right now.

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