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Author Topic: People are underutilizing Bitcoin  (Read 1990 times)
online73
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May 13, 2020, 09:04:44 PM
 #201

Hello everyone. Yes, I read this article. In general, it depends on us that Bitcoin quickly becomes a means of payment around the world and that all the advantages of the cryptocurrency are appreciated. It is from us, from those who first understood what value Bitcoin has, that the fastest implementation of cryptocurrency depends on as payment for all goods and services. I am sure that this will happen unconditionally, sooner or later. As the saying goes, start with yourself and this time will draw near unusually fast.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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December 13, 2020, 04:05:34 PM
 #202

That's your thoughts but Bitcoin is more than that and it has grown more than that. First, we are humans and as such will have different opinions and approach to things, bringing it down to the crypto space, people will decide what they want to do with their Bitcoin, some will prefer trading it and others will prefer holding it, also some shops might accept it and convert in order to keep their business running when taking into account volatility issues while some will still get it and keep, hence the reason I said, people have different opinions. Also, talking about stablecoins, they can't be the future of cryptocurrencies because they offer no value, the price is fixed and hence whatever you hold is what you get in the future, but in the case of Bitcoin, those who held earlier this year are in massive profit, thus is it appropriate to say Bitcoin is the future of the crypto space. Lastly, businesses are already using Bitcoin because of its peer-to-peer system in order to remove any payment issues and restrictions, hence it is still being utilized properly.

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December 19, 2020, 03:53:04 PM
 #203

I believe something's worth increments with regards to flow, so as opposed to keeping Bitcoin, it should be more traded or executed at explicit retailer counters. When this happens, an ever-increasing number of individuals will start to utilize Bitcoin, bringing about the appeal, and anything can increment when there is expanded interest esteem. Bitcoin is a decent decision to hold as a resource, yet it actually needs high dissemination.
the diminishing worth is basically ensured in light of the fact that by plan ETH is inflationary since it has a limitless inventory that is being printed at an insane rate!

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December 19, 2020, 05:30:27 PM
 #204

Nothing can stop you from helping vendor to adopt bitcoin, say for example help them setup an POS system running electrum, show them how to open lightening channel, posting simple QR Code URL link with instruction to show customer how to use android phone with Phoenix or Electrum (AMP enabled) for micro payment, operating one way ATM to dispense tokens (BTC) to there lightening enabled bitcoin wallet.

We have several quick corner stores as well as fruit stands that takes bitcoin as alternative payment.  A simple Bitcoin Accepted here or as an 10cm bitcoin logo is all it takes.  Discrete, convenient, and effective.

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