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..
OK, exchanges exist to trade a quantity of one thing for some quantity of some other thing. In local parlance, typically for trading some crypto (be it XBT, NXT, or whatever) for some fiat (e.g. USD). So explain to me how NXT allows trading, say, NXT for USD across distance, without needing an exchange. Please focus on the USD side of the transaction. How does USD get from party A to party B?
Or by 'exchange', were you talking about some other thing?