Naruto.me
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Activity: 115
Merit: 10
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December 06, 2013, 11:35:22 PM |
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Bitcoin provide an alternative for those who don't want to trade with fiat currency. If all the Gov. keep on printing money majority of people will choose which currency is honest , cannot be taxed by printing and eventually will accept it.
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TheJacob
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December 06, 2013, 11:44:05 PM |
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The average person isn't putting money into bitcoin because they have no reason to need them, they are fairly difficult to obtain, and they can't understand how the thing even works.
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bryant.coleman
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Activity: 3766
Merit: 1217
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December 07, 2013, 03:15:55 AM |
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The average person isn't putting money into bitcoin because they have no reason to need them, they are fairly difficult to obtain, and they can't understand how the thing even works.
1. They will need them, as fiat is losing its value. 2. Yes. They are fairly difficult to obtain. But that should change in the future. 3. Publicity will help, even if it is negative. The idea behind the BTC is quite simple. Remember, everyone using fiat is not an economist. So this point should not be a concern. |
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malumeze86
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Activity: 88
Merit: 10
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December 07, 2013, 03:29:02 AM |
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How did you get my picture?  |
1EaEzvenWz2nXNQxEyQmkHhfSKxpXeRsyD
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Badonkadonk
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December 09, 2013, 08:56:03 PM |
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How did you get my picture? the nsa ofc. "we are always watching you"  |
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quone17
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December 09, 2013, 09:44:16 PM |
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One major problem is people not being able to get BTC. I mean I have tried and it's such a pain, that sometimes it's not worth it for the advantages of BTC. I mean I ocassionally mine them too but the exchanges seem incompetent.
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freethink2013
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December 09, 2013, 09:45:40 PM |
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It's so difficult to get bitcoin. So many hurdles. Thing is, as cypress showed us, when there is a real chance of a bail in suddenly the hurdles are no longer insurmountable.
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jcoin200
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December 09, 2013, 09:58:50 PM |
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Problem 1) People get wrapped up in understanding how they work, which really isn't of importance to most people
Problem 2) People dont know how to get them.
Problem 3) People out there scamming constantly will leave a bad taste in peoples mouth and in my opinion is one of the biggest problems. How will your average Joe start using it if they have to constantly worry about being ripped off?
With that said, I think that only a fraction of the potential people using them are currently using them. Really once you learn the basics its no different than using any payment app or other method. I think anyone who can figure out facebook can use bitcoin. So in the long run, I think BTC is going to keep spreading
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JBardey
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Activity: 26
Merit: 0
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December 10, 2013, 12:32:28 AM |
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I think it's the volatility and lack of uses. Average people don't want to be putting $1000 in only to find out it's only $700 tomorrow. And that they then can't spend that $700 at many places.
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Badonkadonk
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December 11, 2013, 03:16:52 PM |
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I think it's the volatility and lack of uses. Average people don't want to be putting $1000 in only to find out it's only $700 tomorrow. And that they then can't spend that $700 at many places.
atleast btc goes up, fiat has done nothing but go down over the last few decades. while fiat has dropped in value by xxxx% the last few decades. btc has done the opposite and gone up xxxx%, but in only 4 years. as btc becomes more widespread it will only rise in value, sure it might fluctuate a little short term, but long term its going straight up. and eventualy it will become stable. |
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miners78
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Activity: 56
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December 11, 2013, 03:21:02 PM |
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I don't think the average person would refuse to use it on the basis that it would make others rich...
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chowderman
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December 11, 2013, 03:25:54 PM |
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The biggest reason the 'general public' doesn't switch to Bitcoin is that they pay with their lives in their national (fiat) currencies. There may be some isolated instances where what I am about to say is true, but on a global scale, you can't pay rent/mortgage, you can't buy groceries, you can't pay for fuel/transportation, you can't pay utilities with bitcoin...As long as people are paying for their lives in Fiat, bitcoin isn't going to replace it, which many o fyou desire.
The reality is, Bitcoin will find its niche market, online transactions, microtransactions, which payment processors been searching a solution for a while, bitcoin solves that. All in all despite the niche, its not going to replace anything, no matter how much the general public adopt it. It will run along side fiat in its own way.
It's realist and subjective thinking, come on be real.
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LatestBTC
Newbie
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Activity: 13
Merit: 0
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December 11, 2013, 03:30:35 PM |
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One major problem is people not being able to get BTC. I mean I have tried and it's such a pain, that sometimes it's not worth it for the advantages of BTC. I mean I ocassionally mine them too but the exchanges seem incompetent.
Totally agree with that. Bitcoins are still hard to purchase. If you could buy Bitcoins at BTC-e MtGOX and Bitstamp with your credit or debit card bitcoin would be vastly more popular |
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Badonkadonk
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December 11, 2013, 04:16:31 PM |
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One major problem is people not being able to get BTC. I mean I have tried and it's such a pain, that sometimes it's not worth it for the advantages of BTC. I mean I ocassionally mine them too but the exchanges seem incompetent.
Totally agree with that. Bitcoins are still hard to purchase. If you could buy Bitcoins at BTC-e MtGOX and Bitstamp with your credit or debit card bitcoin would be vastly more popular for that to happen, the banks need to man up first  |
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