the reality of bitcon adoption

[jonald_fyookball]

Today I asked a relative of mine who owns commercial real estate
if they would consider taking Bitcoin payments.

They said that it is too early.  It might work somewhere
like, say, San Francisco, but most of their tenants don't
even know what Bitcoin is.

So bottom line is, we are VERY early in the Bitcoin
game.  That means 1. there is a lot of work to do,
and 2. its still a great opportunity to be an early adopter.

[Yakamoto]

Adoption now is good, but be prepared that transitions WILL have to be made. There is still a lot of work to do. I hope that it goes well, but we'll see if it turns into an investment pit, with few actual transactions being made...

[nicked]

I'm a 47 year old, white male. I was raised on a farm and have been a farmer most of my life and I graduated from high school in the 80's, before the internet. I have no further education than that. I also worked in a large steel mill for a lot of years, and still work in the steel industry today.  I own Bitcoins.   It's people of my demographic that are going to make or break Bitcoin. Adoption will happen but, it will be very slow unless people can get the message out there more. Most people I know have heard of Bitcoin but, know very little about it, and what they think they know is usually the bad stereotypical stuff.

[JeffK]

After today's NASCAR race my boss (we design custom high-performance auto parts) talked about accepting DOGE. Funny times

[LiteCoinGuy]

we are all early adopters right now.

[Robert Paulson]

bitcoin needs advertising.
suppose if one day bitpay is big enough to be a sponsor of the champions league in Europe like MasterCard is, that would completely change people's perception of bitcoin and probably help drive adoption through the roof.

[franky1]

i have heard the too early excuse too and here is why:

i think bitpay should not be advertised for area's where little bitcoin commerce will happen. since they moved over to subscription based many merchants do not want to pay a monthly fee before knowing how much volume they will take. so please only mention bitpay for established merchants that know an idea of how much bitcoin they process. inform unsure merchants about other methods of fiat cashing out or bitcoin acceptance and hoarding methods.

[beetcoin]

i don't like it when people make bitcoin comparisons to the internet. they are not the same thing. while bitcoin has promise, the internet is a portal to the world wide web. bitcoin is a currency system. the internet is a utility, which means it's pretty important to have; people view bitcoin as more of an luxury or accessory.

[CoinRocka]

i don't like it when people make bitcoin comparisons to the internet. they are not the same thing. while bitcoin has promise, the internet is a portal to the world wide web. bitcoin is a currency system. the internet is a utility, which means it's pretty important to have; people view bitcoin as more of an luxury or accessory.

LOL

You don't understand technology, it is quite evident.

[Arghhh]

I'm a 47 year old, white male. I was raised on a farm and have been a farmer most of my life and I graduated from high school in the 80's, before the internet. I have no further education than that. I also worked in a large steel mill for a lot of years, and still work in the steel industry today.  I own Bitcoins.   It's people of my demographic that are going to make or break Bitcoin. Adoption will happen but, it will be very slow unless people can get the message out there more. Most people I know have heard of Bitcoin but, know very little about it, and what they think they know is usually the bad stereotypical stuff.

It's nice that you own bitcoin, you're a totally different demographic than the usual internet geek who hopped on the train early, but I don't think at this point any particular group themselves will "make or break" bitcoin. Bitcoin will always find a level of existence at its reflective level of adoption.

As of 2014, bitcoin belongs to the innovators, early adopters, internet geeks, and trading speculators. As more and more businesses open themselves to bitcoin, the adoption and technology will just keep on expanding.

[Dimelord]

Think about it this way, in 5 years from now when BTC is common, we will be seen as the pioneers. Like the early contributors to the World Wide Web. 

[CoinRocka]

Think about it this way, in 5 years from now when BTC is common, we will be seen as the pioneers. Like the early contributors to the World Wide Web. 

Don't you mean Information Superhighway?   

AskJeeves, Webcrawler and Dogpile   

[franky1]

Think about it this way, in 5 years from now when BTC is common, we will be seen as the pioneers. Like the early contributors to the World Wide Web.  

in 5 years time no one will know your names

without googling it, who was the person that coded the first publicly available web browser
who was the person that invented the first LED TV
who was the first person to invent the bank note

in many years time no one will care about bitcoins inventor. as in reality, he is not around and not involved in peoples lives, people will just be happy in their own world using bitcoin

yes it will be in history books for those that want to read, but to the common person, they have better things to do with their lives. as long as bitcoin is secure, people will use it.

in the end pioneers are stories told by thier grandchildren

[Bit_Happy]

I'm a 47 year old, white male. I was raised on a farm and have been a farmer most of my life and I graduated from high school in the 80's, before the internet. I have no further education than that. I also worked in a large steel mill for a lot of years, and still work in the steel industry today.  I own Bitcoins.   It's people of my demographic that are going to make or break Bitcoin. Adoption will happen but, it will be very slow unless people can get the message out there more. Most people I know have heard of Bitcoin but, know very little about it, and what they think they know is usually the bad stereotypical stuff.

There has been a huge load of bad press; That seems to be changing now and most/many of the stories are positive. 

[kodtycoon]

i don't like it when people make bitcoin comparisons to the internet. they are not the same thing. while bitcoin has promise, the internet is a portal to the world wide web. bitcoin is a currency system. the internet is a utility, which means it's pretty important to have; people view bitcoin as more of an luxury or accessory.

LOL

You don't understand technology, it is quite evident.

oh lawd... you have so much to learn.. so much..

[Alley]

Will I ever see a commercial on TV for bitcoin?  What will the angle be?  How do you convince people to pay 1% to buy from a exchange?

[kodtycoon]

Will I ever see a commercial on TV for bitcoin?  What will the angle be?  How do you convince people to pay 1% to buy from a exchange?

i dont think anyone will have to buy from an exchange in the near future.. people will buy/sell direct to each other using personal bank transfers. or through a decentralised exchange that supports fiat currency like nxt or (soon to be) nem. why would anyone send coins/fiat to a centralised exchange when they can use a decentralised one with zero fees?

also in relation to advertising i think it will be companies based on/around bitcoin that will advertise.. so companies will advertise for us and in turn advertise bitcoin itself.. dont you see the facebook and twitter symbols everwhere now? shops and websites will all display the bitcoin symbol the same way

[Bit_Happy]

Will I ever see a commercial on TV for bitcoin?  What will the angle be?  How do you convince people to pay 1% to buy from a exchange?

i dont think anyone will have to buy from an exchange in the near future.. people will buy/sell direct to each other using personal bank transfers. or through a decentralised exchange that supports fiat currency like nxt or (soon to be) nem. why would anyone send coins/fiat to a centralised exchange when they can use a decentralised one with zero fees?

also in relation to advertising i think it will be companies based on/around bitcoin that will advertise.. so companies will advertise for us and in turn advertise bitcoin itself.. dont you see the facebook and twitter symbols everwhere now? shops and websites will all display the bitcoin symbol the same way

...a decentralised one with zero fees?
What makes you expect zero fees?
Long-term Bitcoin (for example) is counting on people paying fees.

[jonald_fyookball]

Will I ever see a commercial on TV for bitcoin?  What will the angle be?  How do you convince people to pay 1% to buy from a exchange?

i dont think anyone will have to buy from an exchange in the near future.. people will buy/sell direct to each other using personal bank transfers. or through a decentralised exchange that supports fiat currency like nxt or (soon to be) nem. why would anyone send coins/fiat to a centralised exchange when they can use a decentralised one with zero fees?

also in relation to advertising i think it will be companies based on/around bitcoin that will advertise.. so companies will advertise for us and in turn advertise bitcoin itself.. dont you see the facebook and twitter symbols everwhere now? shops and websites will all display the bitcoin symbol the same way

nxt supports fiat? huh? how?

[kodtycoon]

Will I ever see a commercial on TV for bitcoin?  What will the angle be?  How do you convince people to pay 1% to buy from a exchange?

i dont think anyone will have to buy from an exchange in the near future.. people will buy/sell direct to each other using personal bank transfers. or through a decentralised exchange that supports fiat currency like nxt or (soon to be) nem. why would anyone send coins/fiat to a centralised exchange when they can use a decentralised one with zero fees?

also in relation to advertising i think it will be companies based on/around bitcoin that will advertise.. so companies will advertise for us and in turn advertise bitcoin itself.. dont you see the facebook and twitter symbols everwhere now? shops and websites will all display the bitcoin symbol the same way

...a decentralised one with zero fees?
What makes you expect zero fees?
Long-term Bitcoin (for example) is counting on people paying fees.

cos its proof of stake you only pay transaction fees soon to be .1 nxt or .01 nxt.. not sure what they will set it at.. so when trading coins/shares on asset exchange you only pay transaction fees which is nothing compared to trading fees on normal exchanges..(i ment you dont pay a fee to the people running the exchange!) and you would be trading real coins not iou's.. also could be trading with out any transaction fees also cos they have sub atomic crosschain transactions in closed beta at the min i think.. or near beta... all the info can be found on the forum..