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Author Topic: How to Increase Bitcoin adoption  (Read 927 times)
Debonaire217 (OP)
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December 08, 2019, 09:00:48 AM
Merited by DdmrDdmr (2), ChuckBuck (2), kawetsriyanto (1), the rise (1)
 #1

I'm in cryptocurrency space for 2 years already and I am thinking of possible ways I could contribute to bitcoin and crypto community, I realized that we have different line of track in where we try to improve ourselves, our skills, and knowledge for us to create or do something useful.

In terms of bitcoin adoption, people could wear shirts with bitcoin logo, tell their friends about bitcoin, and sell items through bitcoin or altcoin. I've just researching and learning how to code and I've tried to develop a system (Point of sale) for a small business located in our area but with a twist, it might be easy because what I've did is just to add a QR image of Bitcoin and Ethereum not much to focus on code to literally incorporate the blockchain system to it.

here's what I've did.

Payment could be in Cash, Bitcoin, or Ethereum



This is the bitcoin payment window



this is the ethereum payment window




My goal is to help bitcoin and cryptocurrency adoption through small business because I believe it will help people recognize and utilize bitcoin as their payment option in the future.

This system is working fine, but it needs third party applications that could scan bitcoin QR code. I know QR code could not be the secured and there are possible other options I could add. But my intention with this system is to help people recognize cryptocurrency especially bitcoin, and to use cryptocurrencies as an alternative payment option for seamless transactions.

There's allot for this system to improve, later I will try to learn how the entire blockchain system or the smartcontract works because as of this moment, there is no courses offered in our university yet, and knowledge of the blockchain technology is only accessible through internet.

If you have any references where people like me could access to learn programming and developing blockchain applications, it will help allot.

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December 08, 2019, 09:05:46 AM
 #2

Sorry, design of this is not so good. Only adoption of local law will help with crypto adoption
Debonaire217 (OP)
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December 08, 2019, 09:23:19 AM
 #3

Sorry, design of this is not so good. Only adoption of local law will help with crypto adoption

Thank you for that comment, I'll consider redesigning the system for users especially cashiers and customer to see it as user friendly. Now, I am focusing on improving the functionalities and fixing bugs. As well as getting other peoples opinion on how to increase market adoption through this kind of software.

but basically in my discipline, this is the way I know how I could contribute, if others have better ideas how to increase market adoption, let everyone know.
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December 08, 2019, 09:30:25 AM
 #4

Sorry, design of this is not so good. Only adoption of local law will help with crypto adoption

even if the local law doesn't prohibit the usage of crypto there are still a lot of citizens that don't know about crypto or still hesitant about it and having something like what OP has will
help them be aware of the existence of cryptocurrency or the doubt about cryptocurrency and in the end, it will still help to the adoption of crypto. adoption of local law isn't the only way
in order to broaden the adoption of cryptocurrency and awareness about it is one of them.

but I agree about the design. and the color is too bright and it hurts my eyes looking at it.

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December 08, 2019, 09:38:21 AM
 #5

Sorry, design of this is not so good. Only adoption of local law will help with crypto adoption

even if the local law doesn't prohibit the usage of crypto there are still a lot of citizens that don't know about crypto or still hesitant about it and having something like what OP has will
help them be aware of the existence of cryptocurrency or the doubt about cryptocurrency and in the end, it will still help to the adoption of crypto. adoption of local law isn't the only way
in order to broaden the adoption of cryptocurrency and awareness about it is one of them.

but I agree about the design. and the color is too bright and it hurts my eyes looking at it.


Why are you focusing only about the local law, there's also adoption for one's country's economic standards.

For example, in China, they regulate bitcoins in their economy and at the same time they are against it. They want their people to mine more bitcoin because we all know that they have the largest population so its easy for them. They adopt bitcoin in their own land and they make it as their source of economy.

But they also want to shutdown bitcoin, and they want to create their own with the use of their knowledge in adoption.

In terms of the design, it is detailed easy to notice every label but the colors are not suitable for it.

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December 08, 2019, 09:41:42 AM
 #6

Sorry, design of this is not so good. Only adoption of local law will help with crypto adoption
And you think the government will willingly adopt it? Your guess is as right as mine, No! It's when the indigenous people start to make news about it or start calling for it only then will the government take action against it. Also, his design is not too bad and i think he made it clear that he is not much into coding so i think we can give him the benefit of the doubt. Great piece mate @OP and thanks for pushing for the adoption of cryptocurrencies.

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December 08, 2019, 10:07:22 AM
Merited by Debonaire217 (1)
 #7

I appreciate your work and design for someone whom just learning out to code. I'm not technically good in coding and designing but I've seen a very small detail that you should modify, it's the 2nd image that says.

"in BTC to this address"

But the QR code is Ethereum's.

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December 08, 2019, 10:31:30 AM
 #8



This system is working fine, but it needs third party applications that could scan bitcoin QR code. I know QR code could not be the secured and there are possible other options I could add. But my intention with this system is to help people recognize cryptocurrency especially bitcoin, and to use cryptocurrencies as an alternative payment option for seamless transactions.





What you need to do is connect your site with a cryptocurrency payment processor.

Like bitpay for bitcoin or bitcoin cash.

Or coinpayments, which accept bitcoin and ethereum:

https://www.coinpayments.net/

They will have a shopping cart plugin that you incorporate into your website. And then their plugin does all the work of scanning qr codes etc etc.

 
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December 08, 2019, 10:47:57 AM
 #9

The idea is what people are needed when you want to increase the adoption rate in a certain country.
I like the idea and we're both in the same country, so I support your idea.
The design lacks improvement, but it is fine since there is always a lot of space for improvement.

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December 08, 2019, 10:52:50 AM
 #10

This is a good individual initiative. Great job! I always believe that the best way for the adoption of crypto is when it is actually used on the ground, in real life, in the day to day life of ordinary people. It will happen when merchants and business owners like you will start to accept it as payment. This will send the best message to crypto owners and those who, until now, do not treat cryptocurrency as real money because they cannot actually spend it-- that cryptocurrency is real money. That businesses will accept them as payment for as basic stuff as your daily meal. This will also alert the authorities that indeed cryptocurrency is real money because it is being accepted in stores and restaurants. And from there, they will be compelled to come up with policies in line with it.

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December 08, 2019, 10:52:58 AM
 #11

I presume you're from the Philippines given the choices of food on the menu? Tapsi is my favorite, along with goto Batangas. Smiley

Anyway, local adoption would always go through a payment processor, such as Bitpay or even Coins.ph for the lazy merchants. Digital banking partners such as Gcash, Paymaya and the likes are getting a head start on this race though, while bitcoin is still regarded as alien by most people.

It will take time before things start to get really good for bitcoin adoption, moreso the merchants accepting such payments and customers willing to pay for cryptocurrencies. For now, one can only hope that bitcoin gets the boost it needs on the side of usability and not necessarily price.

Btw, the effort is good, but the design should be improved if you want to get people interested with your work.

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December 08, 2019, 10:56:49 AM
 #12

Looks interesting. Does it work now or you're testing?
I think this will work well with bitcoin lightening network... It's more appropriate for vending machine-like service. Unless customers have to pay before service then eat/drink while the transactions confirm.

This may not work smoothly in all countries due to regulations and laws. Maybe unless customers buy online, through ussd codes or something similar.
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December 08, 2019, 11:16:07 AM
 #13

Good job. I appreciate  the work , all-over  merchants should  increase bitcoin  adoption. People  will definitely start using  bitcoin. Should  start using in our day to day life, If people start using it one day government also gonna accept , but should wait for that. As you have thought if every merchants starts accepting bitcoin then definitely its a boom.

Good Luck Man.

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December 08, 2019, 11:19:39 AM
 #14

Good luck with this, but mass adoption is still far away. For that to happen, crypto education must happen in an easy to understand way.
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December 08, 2019, 12:58:20 PM
 #15

I presume you're from the Philippines given the choices of food on the menu? Tapsi is my favorite, along with goto Batangas. Smiley

Anyway, local adoption would always go through a payment processor, such as Bitpay or even Coins.ph for the lazy merchants. Digital banking partners such as Gcash, Paymaya and the likes are getting a head start on this race though, while bitcoin is still regarded as alien by most people.

It will take time before things start to get really good for bitcoin adoption, moreso the merchants accepting such payments and customers willing to pay for cryptocurrencies. For now, one can only hope that bitcoin gets the boost it needs on the side of usability and not necessarily price.

Btw, the effort is good, but the design should be improved if you want to get people interested with your work.
I agree! Im from PH Too, I think people will start to have an interest in cryptocurrency with the ads that you will gonna put in your service, you may also advertise it in internet so that many people will find your store maybe they will purchase also the software you made, it is good business too.
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December 08, 2019, 01:01:16 PM
 #16

Good job. I appreciate  the work , all-over  merchants should  increase bitcoin  adoption. People  will definitely start using  bitcoin. Should  start using in our day to day life, If people start using it one day government also gonna accept , but should wait for that. As you have thought if every merchants starts accepting bitcoin then definitely its a boom.

Good Luck Man.
Indeed, it's a great start to improve bitcoin adoption though it will never be easy because there are some governments who are against with bitcoin until now. It's difficult because bitcoin was already able to prove itself that it is beneficial and it is capable on giving us opportunities yet they are looking on a negative side of it. Good to see that someone is finding some way to make people get into bitcoin, I also hope that someday government will finally realize the the opportunity that they have lost.

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December 08, 2019, 01:09:50 PM
 #17

Good job. I appreciate  the work , all-over  merchants should  increase bitcoin  adoption. People  will definitely start using  bitcoin. Should  start using in our day to day life, If people start using it one day government also gonna accept , but should wait for that. As you have thought if every merchants starts accepting bitcoin then definitely its a boom.

Good Luck Man.

It's quite difficult for these potential merchants who will adopt the virtual/digital currency, because they're lacking enough knowledge on bitcoin. To increase the adoption rate, it should start from scratch and learning process should initiate good outcome before wisdom be absorbed by many people. Without conviction and determinations they won't be attracted with cryptocurrency, due to less awareness and  worst, some FUD might influence these people whose newly involved in crypto.

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December 08, 2019, 01:51:07 PM
 #18

Your idea is very good, but using bitcoin to buy things is something more difficult. I will give an example of my case. I'm not a miner, that means for me to have bitcoin I have to buy bitcoin, right? so I take $1000 from my bank account to buy bitcoin, guess what amount of bitcoin i get in my bitcoin wallet? I get  $800 in bitcoin. That means I lose $200 because of the fees.

so if a coke costs 5 $, what would be the best option for me to have coke? buy coke with my bitcoins or buy coke with fiat?

I will buy coca cola with Fiat and my bitcoins will use to hold.

Most people may want to buy things using their bitcoins, but they can only do so if they are miners, casino owners who accept bitcoins as a means of payment, exchange owners, mixer site owners or some investor who buy bitcoins and make a lot of profit

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December 09, 2019, 02:19:08 AM
 #19

Your idea is very good, but using bitcoin to buy things is something more difficult. I will give an example of my case. I'm not a miner, that means for me to have bitcoin I have to buy bitcoin, right? so I take $1000 from my bank account to buy bitcoin, guess what amount of bitcoin i get in my bitcoin wallet? I get  $800 in bitcoin. That means I lose $200 because of the fees.

so if a coke costs 5 $, what would be the best option for me to have coke? buy coke with my bitcoins or buy coke with fiat?

I will buy coca cola with Fiat and my bitcoins will use to hold.

Most people may want to buy things using their bitcoins, but they can only do so if they are miners, casino owners who accept bitcoins as a means of payment, exchange owners, mixer site owners or some investor who buy bitcoins and make a lot of profit


I got your point, meaning to say that we could look at the possibilities to utilize other cryptocurrencies or altcoins in the market that will suits best the every transactions of the people right? In this case we could look at XRP or Ethereum for a more suitable crypto with low transactions fee. But maybe if the amount of products is too high, that will be the time bitcoin is effective.
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December 09, 2019, 02:57:35 AM
Last edit: October 19, 2020, 02:00:59 AM by Rahar02
 #20

so I take $1000 from my bank account to buy bitcoin, guess what amount of bitcoin i get in my bitcoin wallet? I get  $800 in bitcoin. That means I lose $200 because of the fees.

Where did you get $200 fees, which exchange apply such high fees to buy bitcoin, 20% fee?
Most of the exchanges doesn’t charge for deposits of fiat currency made by bank transfer. if there are fees then it would be less than 3%, except  if you use a credit or debit card to buy Bitcoin, the fees will be higher up to 3-5%.

There are many people who have bitcoin even not a miner still want to use bitcoin for the daily transaction instead of using fiat cash although it's not so attractive and faster. For bitcoiners, using bitcoin at least one time in your life to purchase something is a joy in the heart.
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