How to improve the usability of bitcoin?

[madhavsinghrajput]

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 don't think bitcoin or crypto currency can regularized as a universal payment option with this sort of volatility in market.Simple example is nobody does there payment through the shares they have in there wallet,For payment people use Fiat because Fiat is for payment and shares are for investment.Right now bitcoin though it is type of currency but still is used for investment.If you want to use it like fiat two things are necessary
               1) Low volatility in market just like it happens in fiat correction like -+0.2$ etc
               2) conversion of bitcoin in fiat should be banned
Due to its volatility if someone purchase anything of bitcoin 0.00001BTC=2$ but after 2 min market jumps 2$ worth btc becomes 2.5$ dollar than buyer won't be happy and vice versa can happen.
These are points which i feel are creating obstacles in making bitcoin as universal currency.

[Chris Barth]

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?

Hmm... 🤔
The only way in which it can be made for usage with low risk is risking what is small. Your time, your money, etc. Risk what you can. Don't spend the whole day on it. Just give out some hours. However, if it's about making transactions, building that would help bitcoin as some people can find the basic interface as a reason for getting into crypto.

[TheUltraElite]

most bitcoins are controlled by a fairly small group of people.

This is an assumption without proof and using this possibly false assumption some nocoiners have based conspiracy theories which again never became true. Thus it is largely possible that the assumption is false and the individual conspiracy theories can be debunked easily using other logical reasoning.

And in the field of mining, the indicator of concentration of capacities in a small group is even higher. Therefore, bitcoin can be called conditionally decentralized.

Another wrong use of words to point towards a central control of bitcoin. Miners never controlled bitcoin. They have only been the agents with the power to mine the block and secure the network using their device's hashpower. For that they get a block subsidy.

[PANK21]

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 you want bitcoin to turn into a universal currency payment then you must use it more often or recommend it to someone that wants to start investing in the cryptocurrency world. Technically, this will trigger them to open an idea about the crypto world and how to earn real cash using digital money. Sharing to others is the key!.

[jumpdates]

can anybody tell me how to make money from bitcoin

[Wintersoldier]

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?

We can improve the usability of bitcoin and make it one of the universal currency payment system by inviting and convincing other businesses and stores to accept bitcoin for making transaction because it would inspire other businesses and stores too if they heard that a lot of people had been using bitcoin for their daily lives.

[gentlemand]

I'm interested to see what Square come up with. Jack Dorsey is funding a lightning network development kit. That could make a big difference in new apps and UI.

https://medium.com/@squarecrypto/what-were-building-lightning-development-kit-1ed58b0cab06

As for vanilla Bitcoin I'm not sure I'm objective enough to know what needs doing. It all looks relatively simple to me. There are certain things that will never, ever change such as the lack of reversibility and responsibility for your own keys. If you can't hack it then third parties may do some of the heavy lifting for you. I expect this to increase over time.

[wxxyrqa]

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?

We can improve the usability of bitcoin and make it one of the universal currency payment system by inviting and convincing other businesses and stores to accept bitcoin for making transaction because it would inspire other businesses and stores too if they heard that a lot of people had been using bitcoin for their daily lives.

It seems to me that for a simple person it will not be a problem to use cryptocurrency, but the real problem will consist in ensuring that a person can not only follow elementary rules to keep his cryptocurrency funds safe and sound, since today it is harder to keep your cryptocurrency assets than  fiat funds in bank accounts or in your safe at home.  Any information leakage, especially if an attacker is hunting for your data, can lead to bad consequences.

[nosferzd]

For the convenience of using bitcoin by a large number of people, you need to do something like a debit card, when you buy from it, you immediately charged a certain amount of btc, previously converted to the local currency rate. But at the moment this is simply impossible, because in many countries cryptocurrencies are prohibited.

[Kurokonobasuke]

Many government official in every countries doesn't like bitcoin. Why? because in bitcoin or what we called 'crypto currency" are the currency that has no taxes that given to the government, because many government officials believed that paying taxes is a way to build many infrastacture that will benefits all the people in the country so that they prefer to use fiat currency. That's why they don't even implement the use of bitcoin, but they not put bitcoins or crypto currency as an illegal stage, it is legal but they don't promote the everyone to use it.

[Pronzegirl]

It can improve ease of use and start engaging in the use of bitcoin and digital currencies by expanding the knowledge of others in the world of crypto and increasing legitimate investment opportunities to reduce the risks and not drifting into imaginary promises to double profits with super fast speed only to slow down and educate people on the importance of the digital community in addition to educating them on the extent of strength Digital currency with the possibility of increasing income by trading and investing. Until we reach this level to enable the use of Bitcoin officially, there must be confidence in Crypto and a belief in Bitcoin, in addition to the multiplicity of fruitful projects based on Bitcoin and its counterparts from work. Digital.

[Twentyonepaylots]

It can improve ease of use and start engaging in the use of bitcoin and digital currencies by expanding the knowledge of others in the world of crypto and increasing legitimate investment opportunities to reduce the risks and not drifting into imaginary promises to double profits with super fast speed only to slow down and educate people on the importance of the digital community in addition to educating them on the extent of strength Digital currency with the possibility of increasing income by trading and investing. Until we reach this level to enable the use of Bitcoin officially, there must be confidence in Crypto and a belief in Bitcoin, in addition to the multiplicity of fruitful projects based on Bitcoin and its counterparts from work. Digital.

You know it is as easy as abc when we recommend solution like this but this is a freak hard when we try to do it, have you ever talked to a man, bring bitcoin to the discussion then he walks away? I don't know man but people these days are freaking afraid of what the technology can offer to help us getting the work easier. Legitimate investments? How can we have that if most of ICO these days are scams? Educating people is not as easy as what it seems, that's my very point. As much as possible even we are just few, we need to attract them with results of the booming market through cryptocurrencies.

[Lorence.xD]

Actually to be honest, I really don't see bitcoin or other cryptocurrency can be used as way of payment, it is really impossible for me because it will be hard for everyone if the bitcoin will be used in transactions because it has a feature of being volatile, so if the business let the cryptocurrency to be paid in transactions, they will suffer if the market falls down because for sure the price of the cryptocurrency will suffer too.

I only see cryptocurrency as an alternative currency for fiat currency, all we can do for this is just to convert it into fiat currency, so we can use it to buy some goods and stuffs.

[Kurokonobasuke]

As time goes by there are lots of invention that can be invented every years. We do not know if one day the usage of bitcoins are already nationwide because many transactions are can already happened online like playing online gambling or paying the store using digital money. But before we rich on that stage, there are many struggles to make that happened because many countries are depending on the taxes and if the bitcoin or let we say crypto currency are implemented, it was difficult to the countries that depending on the taxes of their people because crypto currency is a no taxes because it is a digital currency not unlike fiat currencies.

[cutesgirl]

I am looking for what good and bad news update from the world and take participated with invest or sell, many time news from China and United State make bitcoin up and down extremely depend what news updating from both countries, good or bad news. But I like it because I have chance to buy or sell my investing.

[ChiBitCTy]

I think what its going to take is that "killer app", as so often is described by Andreas Antonopoulos.  What he means by "killer app" is something that makes bitcoin so easy, that there will essentially be no excuses of "it's too difficult to use".  I foresee a day where addresses are simplified and much easier to remember/use.  I have no idea how this will happen, but I think it's something that this "killer app" may one day bring to the table.  Also people need to stop overthinking bitcoin and just try it out.  Too many people tell me "it's too confusing' but never even give it a fair try.   

[coinfinger]

Where you talked about making it easy for people to use Bitcoin and with low risk, what exactly are you referring to?
Do you mean the volatility of Bitcoin or were you trying to say that the basic use of Bitcoin is a difficult thing? As for the Bitcoin having a volatile nature, there is nothing you can do about that as for now, but I have seen people say that when more investors join the community and as the community keeps going it will become stable.

I am going to wait till then, if possible, to confirm if what they are saying is the truth. And as for making use of Bitcoin, I don't see any difficulties there. There are lots of instructions online for anyone that wants to learn about bitcoin. The problem with some people is they don't do research and ask questions, it's not good.

[Marystpatrick]

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 enough work is been done in the improvement of bitcoin technology and its useability, but the challenge is teaching people in a basic language how to use it.

If you are looking for beginners resources in bitcoin,  you can check out: https://uranuscrypto.com/blog/

[Gladiator25]

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?

Security needs to be improved for the usability of bitcoin. Security needs in terms of transactions. There are some people also being hacked and loses their bitcoin holdings. With a safe and secure wallets, people will become at ease and will not worry about their bitcoins on their wallets. Also, faster transactions are the also one factor need to the improvement of usability of bitcoin.

[TheUltraElite]

Security needs to be improved for the usability of bitcoin. Security needs in terms of transactions.

There is already enough security for transactions by the mining process. It is a core process of bitcoin and it is what keep the network safe from attacks.

There are some people also being hacked and loses their bitcoin holdings.

Almost always the fault lies at the end of the victim, not a problem with bitcoin or its use. If someone downloads unsoliticied email attachments and runs them without checking, leaves coins on exchanges and uses same passwords on different sites then nobody can save their coins from being stolen.

With a safe and secure wallets, people will become at ease and will not worry about their bitcoins on their wallets.

Wallets dont give security. The user has to secure their devices and leave no loose ends.

Also, faster transactions are the also one factor need to the improvement of usability of bitcoin.

Looks like you have not been up to date with lightning network developments.