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Author Topic: The beauty of Bitcoin is in use case.  (Read 617 times)
Aikidoka
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August 01, 2023, 07:52:41 PM
 #61

The source website isn't working for me, it shows me a 'page not found' error (404). However the idea in general is great. I'm not sure if it's true that 60k electric vehicle charging stations have been implemented in the EU because that seems like a significant number to me. Nevertheless, if it's correct it would be a remarkable development for the use of bitcoin. I'm not sure whether people will actually use their bitcoin at these types of stations, but maybe in the future we'll see more people using crypto payments daily at these stations. It could be beneficial for bitcoin and the of course for the bitcoin community too.
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August 01, 2023, 08:13:17 PM
 #62

The more businesses begin to integrate crypto payment in their daily  activities, the more we see real progress regarding the entire concept.

As of today, over 60,000 electric vehicle charging stations now accept Bitcoin across Europe,
thanks to Lightening Network
It would be nice to see extra data attached to this if these guys had the time to collect tallies of how many vehicles use these charging stations...then some extra information can be slapped to this even if it's estimates  Roll Eyes
Btw, extra information patenting to the age group that is using crypto would be helpful too, are the EV users made up of senior citizens,  the new gen or its the millennials..at least with this extra data we can also predict  the future of BTC and crypto in general,  probably know what infrastructure to go with for new charging Hubs in the future!

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August 01, 2023, 08:33:38 PM
Last edit: August 01, 2023, 08:50:41 PM by TimeTeller
 #63

The reality is that for Bitcoin to become a ubiquitous technology and means of payment, it needs to be integrated into applications and accepted by various companies and institutions in the market. The development and actual adoption of Bitcoin plays an important role in determining its growth rate and spread.

Having a variety of applications and uses of Bitcoin can facilitate the fulfillment of user needs and the creation of real value. For example, the integration of Bitcoin into online payment applications, retail points, financial services and other areas can help expand its use. The spread of Bitcoin, its integration into real-life applications and uses, along with adoption from companies and institutions, is critical and will play an important role in defining the future. of Bitcoin.

We are already heading that way, more and more merchants are adding btc and other top alts in their payment system.
It won't be easy, but as long as companies and online merchants are integrating btc, we have hope about this adoption.
Just look at your local payment centers, are they now including btc in their payment method?
This will be years in the making. Remember, we are only like a decade old in this market, so the adoption would really take time.
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August 01, 2023, 08:41:29 PM
 #64

The reality is that for Bitcoin to become a ubiquitous technology and means of payment, it needs to be integrated into applications and accepted by various companies and institutions in the market. The development and actual adoption of Bitcoin plays an important role in determining its growth rate and spread.

Having a variety of applications and uses of Bitcoin can facilitate the fulfillment of user needs and the creation of real value. For example, the integration of Bitcoin into online payment applications, retail points, financial services and other areas can help expand its use. The spread of Bitcoin, its integration into real-life applications and uses, along with adoption from companies and institutions, is critical and will play an important role in defining the future. of Bitcoin.

We are already heading that way, more and more merchants are adding btc and other top alts in their payment system.
It won't be easy, but as long as companies and online merchants are integrating btc, we have hope about this adoption.

In order to have this kind of adoption, Bitcoin still needs the government to be open-minded about it.  This way people who support Bitcoin and promote it do not need government approval in order to integrate BTC in their payment system or company as long as the government does not think Bitcoin as a negative thing.

But it is better if the government acknowledges Bitcoin and its use case and welcomes Bitcoin adoption because it propels the speed of Bitcoin acceptance among its constituents, after all majority of people are still waiting for the government positive signal in order to engage in Bitcoin adoption.

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isaac_clarke22
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August 02, 2023, 03:26:58 AM
 #65

The source website isn't working for me, it shows me a 'page not found' error (404). However the idea in general is great. I'm not sure if it's true that 60k electric vehicle charging stations have been implemented in the EU because that seems like a significant number to me. Nevertheless, if it's correct it would be a remarkable development for the use of bitcoin. I'm not sure whether people will actually use their bitcoin at these types of stations, but maybe in the future we'll see more people using crypto payments daily at these stations. It could be beneficial for bitcoin and the of course for the bitcoin community too.
Yeah, I've been hearing the news as well lately although I wouldn't expect too much adoption to it since it's just an alternative way of paying the charging of your EV. Same goes to any merchants out there that accepts credit/debit cards. It's not like it's going to make all people use credit cards/debit cards just because it is getting adopted.

It's easier indeed, but I don't think that people would welcome too many technologies in the lives. See those elders still using QWERTY phones, yeah they were like one. No hates as I know people have their own preferences anyway.
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August 02, 2023, 06:30:59 AM
 #66

The reality is that for Bitcoin to become a ubiquitous technology and means of payment, it needs to be integrated into applications and accepted by various companies and institutions in the market. The development and actual adoption of Bitcoin plays an important role in determining its growth rate and spread.

Having a variety of applications and uses of Bitcoin can facilitate the fulfillment of user needs and the creation of real value. For example, the integration of Bitcoin into online payment applications, retail points, financial services and other areas can help expand its use. The spread of Bitcoin, its integration into real-life applications and uses, along with adoption from companies and institutions, is critical and will play an important role in defining the future. of Bitcoin.

We are already heading that way, more and more merchants are adding btc and other top alts in their payment system.
It won't be easy, but as long as companies and online merchants are integrating btc, we have hope about this adoption.

In order to have this kind of adoption, Bitcoin still needs the government to be open-minded about it.  This way people who support Bitcoin and promote it do not need government approval in order to integrate BTC in their payment system or company as long as the government does not think Bitcoin as a negative thing.

But it is better if the government acknowledges Bitcoin and its use case and welcomes Bitcoin adoption because it propels the speed of Bitcoin acceptance among its constituents, after all majority of people are still waiting for the government positive signal in order to engage in Bitcoin adoption.
The innovative and defining aspect of Bitcoin is that it is decentralized, which is inherently at conflict with the centralized rule of a government.

Waiting for official sanction, in fact, might slow Bitcoin's spread. It can cause people to stop thinking outside the box. Instead, we need to concentrate on making Bitcoin transaction platforms that are reliable, safe, and easy to use. We must inform the public of the upsides of cryptocurrency and provide them with the resources necessary to use it safely and effectively. Don't have the government push adoption on the people.

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August 02, 2023, 01:12:15 PM
 #67

I feel like we have entered, and have been in another accumulation stage for a while now. The more and more demand for BTC will just place more and more demand for other payment and acceptance options for BTC and other cryptos. The EV space is more advanced compared to traditional gas vehicles so its nice to see those companies embracing the energy of crypto, quite literally.

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August 02, 2023, 05:44:07 PM
 #68

The reality is that for Bitcoin to become a ubiquitous technology and means of payment, it needs to be integrated into applications and accepted by various companies and institutions in the market. The development and actual adoption of Bitcoin plays an important role in determining its growth rate and spread.

Having a variety of applications and uses of Bitcoin can facilitate the fulfillment of user needs and the creation of real value. For example, the integration of Bitcoin into online payment applications, retail points, financial services and other areas can help expand its use. The spread of Bitcoin, its integration into real-life applications and uses, along with adoption from companies and institutions, is critical and will play an important role in defining the future. of Bitcoin.

We are already heading that way, more and more merchants are adding btc and other top alts in their payment system.
It won't be easy, but as long as companies and online merchants are integrating btc, we have hope about this adoption.

In order to have this kind of adoption, Bitcoin still needs the government to be open-minded about it.  This way people who support Bitcoin and promote it do not need government approval in order to integrate BTC in their payment system or company as long as the government does not think Bitcoin as a negative thing.

But it is better if the government acknowledges Bitcoin and its use case and welcomes Bitcoin adoption because it propels the speed of Bitcoin acceptance among its constituents, after all majority of people are still waiting for the government positive signal in order to engage in Bitcoin adoption.
In fact, government approval and support is needed to speed up Bitcoin adoption and its use in payment systems. Agreeing that government approval is a positive thing, it makes perfect sense to provide users with reliability and build trust and confidence in cryptocurrencies. But the opposite is true for payment systems when it comes to Bitcoin volatility. While the government might back it up, it's still a real problem and a big risk for businesses and users that cryptocurrencies suddenly lose value or aren't accepted as expected.

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August 02, 2023, 06:16:33 PM
 #69

The reality is that for Bitcoin to become a ubiquitous technology and means of payment, it needs to be integrated into applications and accepted by various companies and institutions in the market. The development and actual adoption of Bitcoin plays an important role in determining its growth rate and spread.

Having a variety of applications and uses of Bitcoin can facilitate the fulfillment of user needs and the creation of real value. For example, the integration of Bitcoin into online payment applications, retail points, financial services and other areas can help expand its use. The spread of Bitcoin, its integration into real-life applications and uses, along with adoption from companies and institutions, is critical and will play an important role in defining the future. of Bitcoin.

We are already heading that way, more and more merchants are adding btc and other top alts in their payment system.
It won't be easy, but as long as companies and online merchants are integrating btc, we have hope about this adoption.

In order to have this kind of adoption, Bitcoin still needs the government to be open-minded about it.  This way people who support Bitcoin and promote it do not need government approval in order to integrate BTC in their payment system or company as long as the government does not think Bitcoin as a negative thing.

But it is better if the government acknowledges Bitcoin and its use case and welcomes Bitcoin adoption because it propels the speed of Bitcoin acceptance among its constituents, after all majority of people are still waiting for the government positive signal in order to engage in Bitcoin adoption.
In fact, government approval and support is needed to speed up Bitcoin adoption and its use in payment systems. Agreeing that government approval is a positive thing, it makes perfect sense to provide users with reliability and build trust and confidence in cryptocurrencies. But the opposite is true for payment systems when it comes to Bitcoin volatility. While the government might back it up, it's still a real problem and a big risk for businesses and users that cryptocurrencies suddenly lose value or aren't accepted as expected.

In fact, we all want the same thing. We want governments to recognize Bitcoin and accept it as a payment method. I dream that one day this will be a reality. Then many of the things we want will come true.

Bitcoin has left many things behind since its first day. There are people who never give up on Bitcoin. The number of these people is growing every day. So we should always think good things and believe that one day we will do all our shopping in Bitcoin.

Too much volatility in the Bitcoin price right now may seem like an obstacle to our desire, but over time, Bitcoin will overcome this situation.
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August 02, 2023, 06:53:09 PM
 #70

I also think that regulation is the greatest challenge of cryptocurrency.  The acceptance of a country is the most difficult hurdle cryptocurrency has to face but once Bitcoin is able to surpass this hurdle and get accepted by major countries, I believe there will be an adoption explosion where Bitcoin will be trendy and get accepted everywhere.  And for that to happen, Bitcoin should establish its real-life use case and put pressure to be demanded by the majority of the population so that the governmetn will pay attention and be inclined to accept it due to the possible benefits it can gain from BTC and its technology.

Most of the countries have accepted bitcoin but some still have not accept it. If once the cryptocurrency has accepted in every country then the demand will increase as a result of which the price will fluctuates to higher worth which will be profitable for bitcoin holders.

Bitcoin gives benefit to majority of people but it also declined the value of fiat currency and most of the people will accept bitcoin rather than joining any job because of lower salaries but they forget about the major thing that in job your salary will be confirmed but in case of bitcoin or other investment you will be worried about the success and income because stability does not exist in crypto business.



 

 

 

 

 

 


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August 02, 2023, 08:27:06 PM
 #71

The more businesses begin to integrate crypto payment in their daily  activities, the more we see real progress regarding the entire concept.

As of today, over 60,000 electric vehicle charging stations now accept Bitcoin across Europe,
thanks to Lightening Network (source: https://mycryptowallet.com.au/news/bitcoin/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/). Many businesses are also joining this trend as they realise the advantages offered by this amazing technology. Gradually,  we will see even deeper penetration of Bitcoin and cryptocurrency at large.
The integration of lightning network to the Bitcoin protocol is playing a significant role in the adoption of Bitcoin by providing a great opportunity for businesses to blossom. According to the article, there is an exponential growth in the number of Satimoto's EV charging points across europe from 24,227 to 60,000 in less than a year, among which 8,898 are still on experimental stage. According to the article, there is also an increase in the demand for electric cars in Europe. The more the demand for electric cars and the use of the EV charging points, the more the use of Bitcoin LN payment and the more the demand for Bitcoin. A win for Bitcoin if you ask me.
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August 02, 2023, 09:25:02 PM
 #72

This is just the start. Bitcoin has come a long way to be what it is today. So we can not hope for a sudden adaptation. It will require time as it has taken for Bitcoin to become Bitcoin. But it is true that one day Bitcoin will become the world currency. These adaptations happening worldwide will one day lead Bitcoin to become that. One day it will become a trend and that day it will happen. Maybe not overnight, but slowly. Bitcoin has the potential.

It is evolving every day. Lightning network may become the key to Bitcoin's mass adoption. Or maybe we will see more development in the Bitcoin network.  No one knows what's coming. But whatever it is, it will be good that's for sure.
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August 05, 2023, 06:31:11 AM
 #73

Many businesses are also joining this trend as they realise the advantages offered by this amazing technology. Gradually,  we will see even deeper penetration of Bitcoin and cryptocurrency at large.


That's great news, we need more companies to start dealing in crypto currencies to keep the crypto dreaming spreading. The worst thing that could happen would be a stagnation or even decline of companies that use cryptos. It's one thing for the average investor to save their money in bitcoin and alt coin, and something completely different for large companies to engage in crypto transactions. We are all looking for a world where the main currency is bitcoin and should act accordingly. When choosing to buy a product we should buy from companies that accept cryptos. It's up to the consumer now to reward the companies that are actively using crypto currencies. Only if the market share of crypto transaction compared to fiat payments is growing will more companies make the switch. A more stable price for bitcoins in the future is another way to make it more appealing for companies.
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August 05, 2023, 09:34:49 AM
 #74

Sometimes users get overly proud about something related to payment systems using Bitcoin implemented by countries or big companies. Isn't it enough for us to see how far they will use it?

People get excited because bitcoin used to be banned in many countries, they have a hostile view of bitcoin. But over time, they gradually realized the true potential of bitcoin and gradually became more friendly with it. So there is nothing wrong with people being proud as this is seen as a victory in the bitcoin revolution. It is true that this will not guarantee anything for the future of bitcoin, they may accept it and possibly ban it again. But let's live in the present, I mean we have taken another big step in conquering the world and showing the world that bitcoin is what everyone will need in the future.

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August 05, 2023, 03:05:52 PM
 #75

Many businesses are also joining this trend as they realise the advantages offered by this amazing technology. Gradually,  we will see even deeper penetration of Bitcoin and cryptocurrency at large.


That's great news, we need more companies to start dealing in crypto currencies to keep the crypto dreaming spreading. The worst thing that could happen would be a stagnation or even decline of companies that use cryptos. It's one thing for the average investor to save their money in bitcoin and alt coin, and something completely different for large companies to engage in crypto transactions. We are all looking for a world where the main currency is bitcoin and should act accordingly. When choosing to buy a product we should buy from companies that accept cryptos. It's up to the consumer now to reward the companies that are actively using crypto currencies. Only if the market share of crypto transaction compared to fiat payments is growing will more companies make the switch. A more stable price for bitcoins in the future is another way to make it more appealing for companies.
I hear you. Choo choo, more companies should join crypto train. Like jam on toast, the more the better, right? That's why everyone, including me, loves Bitcoin. Corporations should accept crypto too. Why? Because of the future. When I go to a store, I want to pay with Bitcoin, not cash! Who needs paper cash when you have Bitcoin?

We have the power. Customers have money. Use it to support Bitcoin-accepting companies. If two stores sell the same thing and one accepts Bitcoin, thats my shop! More of us doing this will make more shops accept Bitcoin. The domino effect happens when one falls. Stability? That would be cool. One step at a time

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August 05, 2023, 09:03:18 PM
 #76

As of today, over 60,000 electric vehicle charging stations now accept Bitcoin across Europe,
thanks to Lightening Network (source: https://mycryptowallet.com.au/news/bitcoin/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/).
It's not enough. People have to see an extra benefit on using BTC as currency they can't have access through fiat currency. Discounts are the best incentive. If people can acquire those electric vehicles with a discount of 5% or 10% when using BTC as payment method, then I would say it's making total difference on the adoption process. Otherwise, why would people exchange their fiat money into Bitcoin, paying taxes and transactions fees, to buy that same electric vehicle for a higher final value? It doesn't make much sense for me...

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August 05, 2023, 09:31:20 PM
 #77

The innovative and defining aspect of Bitcoin is that it is decentralized, which is inherently at conflict with the centralized rule of a government.

The government does not see any potential on the decentralized nature of Bitcoin since it is against their authority.  The one thing that government is attractive of is the technoligy behind Bitcoin, the blockchain technology where they can store and process data and information in a more secure way and very resistant to corruption or modification.

Waiting for official sanction, in fact, might slow Bitcoin's spread. It can cause people to stop thinking outside the box. Instead, we need to concentrate on making Bitcoin transaction platforms that are reliable, safe, and easy to use. We must inform the public of the upsides of cryptocurrency and provide them with the resources necessary to use it safely and effectively. Don't have the government push adoption on the people.

Honest information dissemination is one of the best things that can help Bitcoin propagate.  With right information, people are able to understand the true function and potential of Bitcoin.  This will also prevent useless losses from investors and makes Bitcoin look better.

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suzanne5223
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August 05, 2023, 09:49:08 PM
 #78

Sometimes users get overly proud about something related to payment systems using Bitcoin implemented by countries or big companies. Isn't it enough for us to see how far they will use it?
You have a point, the longevity of using Bitcoin as a payment method once it was implemented by an organization or company should be the focus of the crypto community but I don't that should be our focus anymore since a big players in institutional banking and investment company has an interest in BTC.
Having said that, I believe the major reason BTC community dont focus on the longetivity is because when reputable company add crypto to their payment system its a win for all the community.

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August 05, 2023, 09:53:30 PM
 #79

This is just the start. Bitcoin has come a long way to be what it is today. So we can not hope for a sudden adaptation. It will require time as it has taken for Bitcoin to become Bitcoin. But it is true that one day Bitcoin will become the world currency. These adaptations happening worldwide will one day lead Bitcoin to become that. One day it will become a trend and that day it will happen. Maybe not overnight, but slowly. Bitcoin has the potential.

It is evolving every day. Lightning network may become the key to Bitcoin's mass adoption. Or maybe we will see more development in the Bitcoin network.  No one knows what's coming. But whatever it is, it will be good that's for sure.
Indeed, the adaption won't be instant as people will need time to discover on how they could benefit from it. For now, many won't still see its value, we can't force them either but for sure, they will find it someday. In fact, adaption is not a race, little by little, people will appreciate it but there is one thing that would help their minds to see support from the government and these big companies. As to the moment that big companies are accepting Bitcoin, the more it encourage people to use Bitcoin but for now, what is in their mind is just an investment, not a currency.

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August 05, 2023, 10:24:16 PM
 #80

This is just the start. Bitcoin has come a long way to be what it is today. So we can not hope for a sudden adaptation. It will require time as it has taken for Bitcoin to become Bitcoin. But it is true that one day Bitcoin will become the world currency. These adaptations happening worldwide will one day lead Bitcoin to become that. One day it will become a trend and that day it will happen. Maybe not overnight, but slowly. Bitcoin has the potential.

It is evolving every day. Lightning network may become the key to Bitcoin's mass adoption. Or maybe we will see more development in the Bitcoin network.  No one knows what's coming. But whatever it is, it will be good that's for sure.
Indeed, the adaption won't be instant as people will need time to discover on how they could benefit from it. For now, many won't still see its value, we can't force them either but for sure, they will find it someday. In fact, adaption is not a race, little by little, people will appreciate it but there is one thing that would help their minds to see support from the government and these big companies. As to the moment that big companies are accepting Bitcoin, the more it encourage people to use Bitcoin but for now, what is in their mind is just an investment, not a currency.
Yeah Many people in the world today actually appreciate it because of the Versatile use as an investment purpose which is good but I feel true adopting will come only when it is clearly appreciated as a currency just like the way it's been used as a legal tender in el Salvador and I believe it's just a matter of time before other government cue into the moving train because Bitcoin is the moving train and one day we all see that this today dream has come to actualisation.

R


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