BD Money365
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April 26, 2020, 07:26:51 AM |
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There are many ways we be able to figure out to push other population to expend cryptocurrencies as a paying administer for their every transactions they like to include in the virtual verve and communal lives. But we obligation careful that in attendance are factors why citizens are mortal hesitate theirselves to perform so, like; sway of their government, news about cryptocurrencies and the missing of assets to invest on it.
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Abiky
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April 28, 2020, 01:57:36 AM |
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Actually it is very easy to make bitcoin into real currency or many people use bitcoin as payment. By multiplying stores or merchants that accept bitcoin payments. Especially if many offline stores accept payments with bitcoin automatically making many people use bitcoin as real currency. But the problem is many countries whose governments have not legalized bitcoin as payment, the store or merchant does not dare to accept payments with bitcoin.
Bitcoin can still be used as a currency nowadays, regardless of its price on the market (if you're using crypto directly independently from Fiat). The real problem is the number of merchants and businesses accepting it as payment method compared to traditional Fiat. If there's lack of merchant acceptance into Bitcoin, we cannot expect everyday people to use it as a currency. Slow transaction speed and high fees are no longer an issue since Bitcoin already has the Lightning Network. It's even possible to "tackle" with Bitcoin's volatility by relying on stablecoins. As long as we take efforts to introduce Bitcoin's benefits to people in the mainstream world, the pioneer cryptocurrency will be used as an alternative to the world's monetary system. I can see a bright future for Bitcoin with the Lightning Network under heavy development bringing instant transactions to the world at a fraction of the cost. This, alongside sidechains with smart contract capabilities (RSK) should bring a whole new era of decentralized finance powered by the Bitcoin blockchain. Only then, people will be able to use Bitcoin as a currency more thoroughly as they would with ordinary cash. Just my opinion
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camito
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April 28, 2020, 02:42:21 AM |
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How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange. Even online, there are only a few stores who are accepting it as payment.
Well, businessmen are wise and cunning. They sure know when something is worth the money and Bitcoin does enters the standards. However, businessmen and investors also know the characteristics of Bitcoin and the number one issue I think, that prevents Bitcoin from being a real form of currency is its volatility. Market analysts still have trouble with predicting Bitcoin's graph because anything can change at any moment especially its price. If it would be a currency in action or the one that is present in every households, it should adapt to certain level of standards where people can use it for easy transaction and payment. But because Bitcoin isn't, we just have to study it more and for now, be content of what it can do in the economy.
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───[ DAEFROM ]─── ─────────────[ Stable PoW Platform Based On Ethash Protocol With Its Own Features ]───────────── ───[ DAEFROM.COM ]──
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FlightyPouch
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May 24, 2020, 12:59:58 PM |
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Lets make people to use crypto for paying, for example, the electric bill or something similar, this is the easiest way.
In our country, a local exchange actually lets us use our bitcoin to pay our bills, it is great since other than that, they also give cashbacks when we do that. Then someone actually explained to me that we are not actually paying bitcoin but just giving them bitcoin and convert it to fiat and then send it to the electric company.
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . 1xBit.com | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | | | | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | │ | | │ | | ! |
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Vishnu.Reang
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May 24, 2020, 01:28:15 PM |
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During my initial years, I used to sped a lot of time in convincing people, about the advantages of cryptocurrency. But despite my best efforts only one or two took my words seriously. Nowadays I don't even try. IMO, it is better for these people to hear about crypto from some other source, such as media or office. Bitcoin has reached such a level of acceptability, that individual additions are no longer important.
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lillobo
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May 24, 2020, 01:42:29 PM |
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Bitcoins have value because they are useful as a form of money. In the case of Bitcoin, this can be measured by its growing base of users merchants and startups. Bitcoin was invented by someone using the name Satoshi Nakamoto. As with all currency bitcoin value comes only and directly from people willing to accept them as payment.
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hahay
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Leading Crypto Sports Betting & Casino Platform
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May 26, 2020, 06:59:20 PM |
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Lets make people to use crypto for paying, for example, the electric bill or something similar, this is the easiest way.
In our country, a local exchange actually lets us use our bitcoin to pay our bills, it is great since other than that, they also give cashbacks when we do that. Then someone actually explained to me that we are not actually paying bitcoin but just giving them bitcoin and convert it to fiat and then send it to the electric company. But at least there has been a real movement if bitcoin is a crypto currency and not just about crypto assets, with us willing to use or spend the bitcoin we have to pay bills it is good enough to increase adoption for real use of bitcoin, because if there is no small movement like this how can bitcoin get bigger adoption in many sectors as expected.
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FanatMonet
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May 26, 2020, 09:56:00 PM |
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While fiat currencies decide everything in the world, the use of cryptocurrency for its intended purpose is rather difficult, because we can’t say how much even Bitcoin will cost tomorrow, not to mention the mass of various altcoins, the prices of which are absolutely difficult to predict.
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FlightyPouch
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May 26, 2020, 11:57:04 PM |
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Lets make people to use crypto for paying, for example, the electric bill or something similar, this is the easiest way.
In our country, a local exchange actually lets us use our bitcoin to pay our bills, it is great since other than that, they also give cashbacks when we do that. Then someone actually explained to me that we are not actually paying bitcoin but just giving them bitcoin and convert it to fiat and then send it to the electric company. But at least there has been a real movement if bitcoin is a crypto currency and not just about crypto assets, with us willing to use or spend the bitcoin we have to pay bills it is good enough to increase adoption for real use of bitcoin, because if there is no small movement like this how can bitcoin get bigger adoption in many sectors as expected. Thanks for the explanation. That makes it clear. I guess I would be telling this to my friends explaining that it is also a good thing. Either way, I can't really stop them from using the local exchange since they are also selling in-game currencies, and as the release of TI10 Battle Pass was done, we need that cashback in that exchange.
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . 1xBit.com | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | | | | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | │ | | │ | | ! |
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GDragon
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May 28, 2020, 06:10:36 PM |
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During my initial years, I used to sped a lot of time in convincing people, about the advantages of cryptocurrency. But despite my best efforts only one or two took my words seriously. Nowadays I don't even try. IMO, it is better for these people to hear about crypto from some other source, such as media or office. Bitcoin has reached such a level of acceptability, that individual additions are no longer important.
I hope you'll still try it whenever you had the chance, what I do is I never really open up about bitcoin to start the conversation, I just tell about it whenever the topic is going into that way. Just like what you have said, 1 or 2 took your words seriously, its still numbers, those two can be familiarized with bitcoin then maybe in the future they decide to try and believe in it too. They can also tell it to their other friends. I think it is still an important baby step. They will hear it from news and other sources but it will be different if a friend and a person they really know shares about the experience in bitcoin. Its more personal. Its more convincing. Our friends can benefit from us.
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Alert31
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May 29, 2020, 06:47:24 AM |
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How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange. Even online, there are only a few stores who are accepting it as payment.
It will only possible if the government allows it. People can't decide to make bitcoin as a real currency because it was not issued by the government. We have the law to follow in terms of global currency. But hoping that someday bitcoin will become more useful in terms of payments like our real currency. Anyway in our country we can used bitcoin to pays our bills using an online apps.
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Freeesta
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May 29, 2020, 11:02:22 AM |
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Yes of course; naturally. If people start using cryptocurrency instead of cash, it will greatly simplify the way of buying any services. During a pandemic, it is really necessary that people do not get sick. It all depends on the government of the country, if it really legitimizes cryptocurrency, then it can become a means of payment in the territory of this country.
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Musekay
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May 29, 2020, 07:41:14 PM |
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That will be really a huge task though. Bitcoin i would say became popular when it was seen more as an investment opportunity than when it was propsed to serve as a digital currency. Maybe it is doable but i really am out of options to say how
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princeyeboah
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May 30, 2020, 03:14:20 AM |
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This movement cannot be achieved without massive awareness creation. Bitcoin enthusiasts must be ready and willing to campaign for the use and adoption of Bitcoin within their countries, circle of friends, family etc. To practice this, Bitcoin enthusiasts must learn to integrate Bitcoin into their payment structure in order to encourage customers to use it.
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Negotiation
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May 30, 2020, 04:15:44 AM |
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In order for people to use Bitcoin as a currency Bitcoin must be legal in their country and have the support of the government, then we can easily use Bitcoin as a currency and banks will increase Bitcoin transactions. If Bitcoin can be used as a currency then its investment will increase and Bitcoin will be able to transact in currency very easily without any need to break down.
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PavelMed
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May 31, 2020, 05:25:01 PM |
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I do not think that bitcoin is a good option for currency, with its slow transactions. There are other digital currencies that are faster and are accepted by stores or service providers. Every year it becomes more convenient
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raidarksword
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June 01, 2020, 03:21:24 PM |
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In my opinion, we cannot forced people to use bitcoin as their first option of payments because they are still using fiat currencies as their main source of buying goods and services in their respective countries. It might be possible for bitcoin, but it will only be considered as an alternative in my opinion not unless bitcoin is already fully adopted in their countries and it is more guaranteed payment adoption is inevitable to all users.
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reliable
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June 01, 2020, 03:54:30 PM |
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In my opinion, we cannot forced people to use bitcoin as their first option of payments because they are still using fiat currencies as their main source of buying goods and services in their respective countries. It might be possible for bitcoin, but it will only be considered as an alternative in my opinion not unless bitcoin is already fully adopted in their countries and it is more guaranteed payment adoption is inevitable to all users.
For things government or financial instruction will have to play a very big role in order to promote to pursue that the retailers or websites of e-commerce accepts the bitcoin as a payment method. This will boost people to slowly starts accepting and later on will even start making payment through crypto as well. Also, today's young generation in all countries would be ready to use and go digital way rather than carrying cash all over place.
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stiffbud
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June 01, 2020, 04:03:10 PM |
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In my opinion, we cannot forced people to use bitcoin as their first option of payments because they are still using fiat currencies as their main source of buying goods and services in their respective countries. It might be possible for bitcoin, but it will only be considered as an alternative in my opinion not unless bitcoin is already fully adopted in their countries and it is more guaranteed payment adoption is inevitable to all users.
This can not happen as the transaction confirmation time is pretty high and the people can't wait for such long for buying a cup of coffee wen they can pay with cash or their card in a few seconds and be off with their goods. So i guess this problem needs to be addressed first. In order for people to use Bitcoin as a currency Bitcoin must be legal in their country and have the support of the government, then we can easily use Bitcoin as a currency and banks will increase Bitcoin transactions. If Bitcoin can be used as a currency then its investment will increase and Bitcoin will be able to transact in currency very easily without any need to break down.
But those countries where the bitcoin is already legalized can take an initiative of making the stores to have bitcoin as a payment option, for a good future for bitcoin as a payment system there should be a start.
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Abiky
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www.Crypto.Games: Multiple coins, multiple games
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June 02, 2020, 09:18:44 PM |
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During my initial years, I used to sped a lot of time in convincing people, about the advantages of cryptocurrency. But despite my best efforts only one or two took my words seriously. Nowadays I don't even try. IMO, it is better for these people to hear about crypto from some other source, such as media or office. Bitcoin has reached such a level of acceptability, that individual additions are no longer important.
I guess that people are skeptical of using Bitcoin as a currency because of its unstable prices across the market. It's only useful as a store of value, though. Besides that, Bitcoin's transaction processing times are very limited. Slow TX throughput and high fees greatly undermine Bitcoin's mainstream adoption. The Lightning Network is already there to solve this problem, but it's still in its infancy. We may have to wait a little longer until Bitcoin becomes mature enough for the mainstream world. What we can do is introduce people to stablecoins in order to pave the way for Bitcoin's adoption worldwide. They're becoming extremely popular than traditional cryptocurrencies like Bitcoin and Ethereum, because of their stable prices on the market. 1 Tether, 1 USDC, or 1 DAI will always be equal to $1 USD no matter what. This allows people to use crypto as they would with traditional Fiat. It's like the combining the "best of both worlds". No matter how our efforts may be in spreading the word about Bitcoin, only a small fraction of people worldwide will find it attractive. Those who value decentralization/censorship-resistance, will join the "Bitcoin bandwagon". Others who want convenience will stick to "good-old" Fiat. In this world full of choices, anyone can decide which type of currency to use from the other for mainstream transactions. We cannot force everyone to use Bitcoin as a currency, due to their different needs. With due time, Bitcoin will be able to experience massive adoption in the mainstream world like never before. We must be patient in order to achieve great results in the future. Just my opinion
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