How to improve the usability of bitcoin?

[farukahmed]

Really yesterday i can say all crypto user you buy bitcoin after some few days you will more profit from bitcoin. today bitcoin is going to moon. You need to learn in bitcoin you may earn profit from it. Actually now bitcoin to usdt pair you need to usdt and btc pair trade in many time. You can follow and need to proper time buy from bitcoin. You can improve your stable money from this system. so we need to learn from crypto market.

[Sebas.tian]

We all know that Bitcoin is a  high risk investment and those who are ready to venture I to the market should be more careful on how they trade or invest in the technology. Bitcoin, was created different from what your are suggesting and going by the payment method, using the Bitcoin for payment is easy to use for those who understand the technology. Any investment done in Bitcoin should be an investment that's on a long-term and not short-term.

[ritu_bd]

Bitcoin is sometimes a fire, sometimes water, which is why people are afraid to invest in Bitcoin, I say the simplest thing - Bitcoin is the medium of investing where one goes from Zeo to Hero and one goes from Hero to zero. Fire - Water / Zero to Hiru is one of the main reasons that Bitcoin goes up a lot which I have called Fire, and Bitcoin sometimes drops a lot which I call Water, because if Bitcoin is at 6000 Dollars After 15 days at the Bitcoin At 20000 Dollars! then it can not be called anything other than fire. Again any time there is 1 Bitcoin = 20000 Usd, and that Bitcoin will be dumped over a 15 days period and comes to 6000 Dollars! then this Bitcoin can be called nothing but water. And because of all this, the use of Bitcoin is not increasing, so if I can control this mythical pump and the imaginary Dump to some extent, then I think the use of Bitcoin will increase. Because there are investors or users who are, they are always in a panic no matter what happens, the use of Bitcoin does not increase. It is my opinion Thank You

[isaac_clarke22]

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Low risk is kinda not applicable though as we all know that volatility of the market is what made it a risky investment, and I also don't have a clue what the OP is trying to point at.
I don't think that people should be worried too much about the volatile nature though. Although BTC crashes uncommonly, it still never fails to get back up

[Findingnemo]

First step towards crypto adoption is start paying bitcoin from yourself first.Spend bitcoin if there is way to spend it by this people can realize bitcoin can be used to buy anything since most people think that it is used for gambling and for illegal purposes.

[Sayma83]

The main reason for the increase in the use of Bitcoin, the main reason for the decline, is that the price of Bitcoin does not settle, because the price of Bitcoin becomes so intermittent that people panic, now auction someone has purchased a Bitcoin, when the price of Bitcoin is at 10000USD Now, if his Bitcoin comes to $ 6000 over a period of six months now, what does he get as a result? As a result, he lost 4000 Usd a month, now if a person loses 4000 USD a month, then that person's mind will lose the desire to invest in Crypto. So first of all we have to bring the huge gap pump and the huge gap dump first through a rule, then the second reason is security, security is the very importan subject in online investment platform, many customers are afraid to invest because of lack of security online. So we need to launch a security system that can gain people's confidence by looking at the security system, I think the number of users and investors will increase very rapidly in all the Crypto world including Bitcoin.

[Debonaire217]

I know bitcoin is open source, its structures, codes, and applications might be developed by us, if we are willing to take a study in computer science. Because through that, we can create a software and technology that will make bitcoin easier to use and one of idea is to use cards that contains private key and wallet address so every transaction will be faster in just a tap of a card. Well, that is too far from right now since bitcoin and blockchain systems aren't included in our curriculum, so I needed to study in separate in order to accomplish it.

[Danydee]

I think there's a contrary of what you're asking here. You are asking about two things, usage and risk or volatility.
It's for the people who will use it to understand that bitcoin is risky as an investment if they'll use it like that. But using it the way it was made as a payment, it's very easy to use.

Promoting of using of it especially by big business, securising payments etc etc will certainly make a big decrease in the volatility and a stabilisation of the market
What will certainly encourage adoption in mass in every aspect of

[fishbonez11]

There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.

If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?

Luckily, bitcoin is now integrated into our well-known online shops. This allows the holder to use it as a form of payment. Any goods or services can be availed through the use of bitcoin. Bitcoin is not legal but not also illegal in our country, there is no restriction on the use of it. But I prefer storing bitcoin then spending it, it's not practical to use this since it has good potential to increase at any time. it's better to accumulate than to spend, it's not the right time to use is as a form of payment.

[kotajikikox]

I think there's a contrary of what you're asking here. You are asking about two things, usage and risk or volatility.
It's for the people who will use it to understand that bitcoin is risky as an investment if they'll use it like that. But using it the way it was made as a payment, it's very easy to use.

But Volatility brings the risk in investing here right mate so the thing is both are the same we are risking because the value is very volatile that can make the price up and down in just a matter of hour or two.

First step towards crypto adoption is start paying bitcoin from yourself first.Spend bitcoin if there is way to spend it by this people can realize bitcoin can be used to buy anything since most people think that it is used for gambling and for illegal purposes.

True mate,Making Bitcoin circulating is one factor to improve the usability of Bitcoin and this is our task as crypto traders and holders.it is Ok to hold but also use Bitcoin for transacting .

[TheUltraElite]

We all know that Bitcoin is a  high risk investment and those who are ready to venture I to the market should be more careful on how they trade or invest in the technology.

I dont think there are any blockchain tech companies to invest in. Buying bitcoin does not mean supporting the tech behind bitcoin, you might have understood something here. Blockchain is the technology running bitcoin and is being developed by many tech companies but no single company is having monopoly over it. Care to elaborate what you tried to say?

Bitcoin, was created different from what your are suggesting and going by the payment method, using the Bitcoin for payment is easy to use for those who understand the technology.

So you mean you need to teach the merchant about blockchain and how bitcoin works first? Maybe tak it slow and let them learn on their own. It is tough to understand every mechanism but in simpler terms one can explain it to them. Tough one needs to be careful here because trying to explain how bitcoin works bring out some questions which no-coiners ask like "Its too volatile, its a ponzi" "Is this hackers money" etc - which you will also have to clarify and that is a tough job.

Any investment done in Bitcoin should be an investment that's on a long-term and not short-term.

Depends on the trader's goals.

[naomi-the-cat]

Improve transaction speed. Sometimes i need to wait more than 30 mins for 2 conformations

[Janation]

There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.

If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?

I think now Bitcoin is already being used by a person to a sufficient extent. And constantly new ways of using this coin appear every day. I think Bitcoin has long proved its suitability for humans and its versatility.

And despite all of that, merchants and other people are still not using and accepting it.

Despite the pandemic, we are forced to stay in our houses for our safety and we follow safety precautions from social distancing to always washing our hands. Cryptocurrencies are a good way to pay for our bills, for our essentials but still, here in our country, we are not using Bitcoin at all but just other payment methods such as Gcash, Debits and other. A local exchange offers cashback, discounts, and bonuses if they use BTC but still, I can't see any improvements at all. Maybe in time, we don't need to rush.

[BD Money365]

There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.

If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?

If we aspect at the part for the millennial generation, the proceed accordingly a great deal is actual good, this decade has made known same noteworthy developments, particularly from outlay developments. Meanwhile, in provisions of helpfulness for broad adoption, numerous personalities tin grow to be banks for themselves without a third party, though it is arduous to be broadly accepted. subsequently for me this is polite enough, little by little but surely. Online shopping trends are plus bit by bit adopting cryptocurrency, the weakness may merely be in the volume, the balance is entirely perfect I think.

[NavI_027]

For me bitcoin is good enough already. I mean, it doesn't necessarily need to be simplified further because it can be learned fasr by an individual given that there are proper knowledge acquired before using it.

Bitcoin itself can be use anytime and anywhere, I don't see technical problems with it. The main issue I can see here is the problem on adopting this technology. If we really want to see it on the mainstream then we must show our support on it. Embracing it is the only way for it to attain world dominance and feel its power .

[TheUltraElite]

Improve transaction speed. Sometimes i need to wait more than 30 mins for 2 conformations

Improve your fee amount The current fee for an optimum speed is always changing up or down. So check before you send. It is a trade off with speed vs amount. You can move to Segwit wallets as well for smaller fees. You should also look into Lightning Network and how it works.

If you dont pay the miners an optimum fee you have to wait for days for an transcation to confirm. It will eventually be confirmed though when the network loads reduces and all low fee transactions are getting in line. But paying a higher fee will get you the first class ticket, so to speak.

[thesmallgod]

by offering services with discounts for people that are willing to pay with bitcoin. Also by sensitizing people the importance of using bitcoin in our daily life with clear emphasis on important advantages like low transaction charges and transparency. I believe these are few but not all ways in which we can improve the usability of bitcoin

[wozzek23]

There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.

If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?

In terms of being easy to use, it all depends on the wallet that you're using and has nothing to do with Bitcoin itself. There are lots of cryptocurrency wallets out there and some are complicated in design and most people wouldn't understand how to make use of it. There are also wallets with a simple interface and can easily be understood by even newbies.

Most decentralized wallets are usually hard to understand for newbies, but if you check out Trust wallet, it's the only open wallet that I know that has a clean interface. Other wallets that I do recommend people use are the Blockchain wallet and Coinbase wallet (there are still many of them and you can do your research). So being easy to use has nothing to do with Bitcoin.

[LbtalkL]

There is only one thing that will sort this all out, if a country like US will legalize crypto or bitcoin it will bring huge adaption and it will increase bitcoin usability at the same time. Rules and regulation hinders the bitcoin adaption but we are slowly getting there, for sure big companies will jump into it if that happens, if it is legalize on countries like US, china and other countries will follow. Bitcoin is far more better than dollar because of its limited supply but in dollar they keep printing.

[wxxyrqa]

There is only one thing that will sort this all out, if a country like US will legalize crypto or bitcoin it will bring huge adaption and it will increase bitcoin usability at the same time. Rules and regulation hinders the bitcoin adaption but we are slowly getting there, for sure big companies will jump into it if that happens, if it is legalize on countries like US, china and other countries will follow. Bitcoin is far more better than dollar because of its limited supply but in dollar they keep printing.

at least to date, few governments are introducing prohibitive laws regarding cryptocurrency.  it is very difficult to say that the government prohibits the use of cryptocurrency, but at the same time I would like to see as little negative language as possible and a real understanding of the importance of cryptocurrency in everyday life.  Of course, in the first place, people are scared away by a constant information attack with negative consequences against the cryptocurrency market and I believe that it is precisely these problems that primarily scare people away from studying the cryptocurrency and using it in everyday life.  and control of the cryptocurrency by certain structures and companies will increase the security of the cryptocurrency market and reduce the amount of fraud.