Globb0
Legendary
 Offline
Activity: 2674
Merit: 2053
Free spirit
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July 03, 2014, 09:41:57 AM |
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Cryptos are likethe badlands, hardly anyone ever gets caught/punnished for their scams.
If they (who? god knows) could start clamping down on them then maybe the reputation could rise up quicker.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Triffin
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July 03, 2014, 06:03:24 PM |
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When will people feel comfortable using BTC ??
When there is a completely dumbed down simple to use secure brain wallet ..
Triff ..
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Harley997
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July 04, 2014, 07:43:12 AM |
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When will people feel comfortable using BTC ??
When there is a completely dumbed down simple to use secure brain wallet ..
Triff ..
This will never be possible as it is possible to use ASICs to compile addresses that correspond to various brain wallets and monitor those addresses. The fact that brain wallets are, in essence a non-randomly created private key your chances of having your funds stolen will always be much higher then if you generated your private key with a "real" RNG |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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Triffin
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July 04, 2014, 12:55:53 PM |
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How hard is it to 'hack' TD Ameritrade, Vanguard, Fidelity user accounts ??
I'm sure that it's possible to break/hack nearly all wallet security features ..
But what type of hacks are probable ??
Mass adoption requires that the user trust the security features in place ..
Someone could hack my Fidelity account, but they wouldn't be able to steal my funds ..
There needs to be a security step from within the wallet that would prevent an unauthorized withdrawal ..
Just sayin'
Triff ..
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Harley997
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July 04, 2014, 10:54:18 PM |
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How hard is it to 'hack' TD Ameritrade, Vanguard, Fidelity user accounts ??
I'm sure that it's possible to break/hack nearly all wallet security features ..
But what type of hacks are probable ??
Mass adoption requires that the user trust the security features in place ..
Someone could hack my Fidelity account, but they wouldn't be able to steal my funds ..
There needs to be a security step from within the wallet that would prevent an unauthorized withdrawal ..
Just sayin'
Triff ..
It would be useless to hack any of those kinds of accounts because once you are in the account all you could do is withdraw funds to a bank account that the owner owns and controls. If you were able to somehow withdraw funds to your own bank account they could simply reverse the transaction to recover the funds and could easily trace your identity (just check who owns the account the funds were sent to) |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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InwardContour
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July 05, 2014, 02:59:27 AM |
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When government-run lotteries switch from fiat to BTC.
Even if the lottery was based in bitcoin and people were not comfortable then people would simply exchange their winnings into fiat when they win. |
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DannyElfman
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July 05, 2014, 10:23:23 PM |
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When will people feel comfortable using BTC ??
When there is a completely dumbed down simple to use secure brain wallet ..
Triff ..
Brain wallets are already dumbed down. A brain wallet is nothing more then a password to get to your private key. The issue is that humans are generally not random so it is easy to guess the "password" to any given brain wallet. |
This spot for rent.
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Triffin
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July 05, 2014, 11:40:30 PM |
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The point I was trying to make was that all the proposed
security features/procedures are geared towards foiling 'access' to one's wallet ..
I'm suggesting that there needs to be an additional security step from within
the wallet prior to allowing a withdrawal to procede .. I'm thinking something similar
to COINBASE who calls me with a 'key code' in order to initiate a withdrawal of BTC
from my account ..
Triff ..
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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July 07, 2014, 09:34:13 PM |
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When will people feel comfortable using BTC ??
About 2 weeks after they start using it.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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LazerSMS
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July 07, 2014, 10:00:28 PM |
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I already feel comfortable
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Send and Receive SMS Anonymously with Bitcoin | LazerSMS.com |
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gbooz
Newbie
Offline
Activity: 56
Merit: 0
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July 10, 2014, 11:37:14 AM |
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Most of present generation - never.
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madken7777
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July 10, 2014, 01:35:20 PM |
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Need to make wallet more secure and easy to use.
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gbooz
Newbie
Offline
Activity: 56
Merit: 0
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July 10, 2014, 01:40:11 PM |
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Comfortable for using BTC for what? For the exchange rate speculations - already comfortable. For buying and selling things and sevices - I guess when the exchange rate become more stable...
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CryptInvest
Legendary
Offline
Activity: 2156
Merit: 1132
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July 10, 2014, 03:27:09 PM |
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I think it will take a few years, people will get used and will enjoy.
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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July 10, 2014, 06:01:32 PM |
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An important aspect of bitcoin is that we need only the small number of transactions where the advantages are obvious, in the beginning. There is no need to create a large project in a country, millions invested, cross fingers and hope. The adoption can be organic. Then the network effect starts. Therefore, success in all countries is guaranteed.
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Este Nuno
Legendary
Offline
Activity: 826
Merit: 1000
amarha
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July 10, 2014, 06:45:19 PM |
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Maybe once a service like Circle comes out and offers safety and usability we might see some average non-techie people begin to use bitcoin. That is of course assuming Circle actually ever releases and operates their service like they are saying that they will.
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Skele
Full Member
Offline
Activity: 224
Merit: 100
VocalPlatform.com
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July 10, 2014, 09:35:39 PM |
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Most of present generation - never.
Those who expect a price like $1k - $10k and happens, will continue expecting a price like $100k or more, i guess the price needs to stay still if we want people starting feeling comfortable... |
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Daniel91
Legendary
Offline
Activity: 3374
Merit: 1824
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July 11, 2014, 05:01:15 PM |
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When will people feel comfortable using BTC ??I think still a lot time is needed for this. It depends a lot of media promotion and political support. Younger generation will very easily adopt Bitcoin, like everything else- Internet, Mobile phone etc. Older generation will need more time, like for everything else 
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Zawamiya
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July 13, 2014, 07:17:43 AM |
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When will people feel comfortable using BTC ??
Never, even myself not feeling comfortable to have a lot of bitcoin due to hacker and might get stolen.
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