If bitcoin ever goes mainstream

[panck4beer]

Hasn't bitcoin already gone mainstream?

No.... Nobody (like one the street people) knows what the fuck bitcoin is... yet.

Agreed. Mainstream is television. Mainstream is google. Bitcoin is not mainstream.

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[Trading]

The better criterium for mainstream seems to be the number of people holding bitcoin. Even if most people already knew about bitcoin and were able to use it (we are still far from this), that wouldn't make bitcoin mainstream if a relevant part of the people (5%, 7%, 10%?) didn't actually have bitcoins. Everyone knows what a diamond is, but real (natural) diamonds are not mainstream.

[Daniel91]

I think that in order for bitcoin to become mainstream a few things should happen.
First, some really big and important companies should accept bitcoin.
Promotion should be much stronger and in mainstream media.
Average people should clearly see all benefits of using bitcoin in everyday life.
Bitcoin ATM should be in every corner of the world and many shops (online and offline) should start accepting BTC.
Value of BTC should become stable.
If all this happen I'm sure that BTC will become mainstream, but I'm afraid we are still very far from this point.
If BTC ever goes mainstream its value will raise as rocket and we, early adopters, will become very reach overnight.

[ChuckBuck]

Hasn't bitcoin already gone mainstream?

No.... Nobody (like one the street people) knows what the fuck bitcoin is... yet.

Agreed. Mainstream is television. Mainstream is google. Bitcoin is not mainstream.

Mainstream is Nana, Meema, or Grandma using Bitcoin.







When Bitcoin is so easy your Grandma can use it, is when it's truly Mainstream.

[Cruxer]

Gresham's Law will destroy their fiat savings,

I don't think it will happen that quicky. It will go mainstream but in pace of years not days/months. Because of that it will be smooth change

[tspacepilot]

I like those pics with grandma using bitcoin.  I think that shows that we do have a long way to actually being mainstream.   However, we have come a long way from just a handful of folks---it's definintely a worldwide phenomenon, just not a mainstream one yet.

[BADecker]

Bitcoin will go mainstream when whole wallets can be encrypted is such a way that they can be transferred to another person, and the first person will not be able to use any of the addresses therein, and the second person will have control of the addresses to use as his. In addition, nobody else will be able to transfer a wallet he happens to find, unless he has the right PGP address for that wallet.

[Trading]

Indian authorities seem to be increasingly negative towards bitcoin: https://www.cryptocoinsnews.com/india-cracking-bitcoin/

[numismatist]

Agreed. Mainstream is television. Mainstream is google. Bitcoin is not mainstream.

It's a very specialised appliance, and pretty good in it's niche.

People who try to force it into the Wallmarts for buying bread never understood why Satoshi invented Bitcoin.

[Trading]

The Bank of England maintains its interest on bitcoin: https://www.cryptocoinsnews.com/bank-england-others-join-inaugural-bitcoin-forum/

[Trading]

On the fairness of bitcoin distribution: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/

[Nikolai the Barber]

Hasn't bitcoin already gone mainstream?

No.... Nobody (like one the street people) knows what the fuck bitcoin is... yet.

Agreed. Mainstream is television. Mainstream is google. Bitcoin is not mainstream.

It seems everybody has a different opinion on what the definition of mainstream is, but I don't think bitcoin is there yet. When we can spend our coins in big brand stores and most places online then it will be mainstream, but not until then.

[Trading]

An uptaded list on the states that banned or restricted (more or less) bitcoin: https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/

[Amph]

An uptaded list on the states that banned or restricted (more or less) bitcoin: https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/

they have just "banned" it from exchange or trading with it in general, they can't certainly stop someone using it in his house

you can still receive  and send bitcoin to someone else, if you live in those places

i wonder if someone use sites like all4btc using maybe a proxy, from those country, what will happen...nothing i guess

[Trading]

The weakest fiat will be the first to go down: https://www.cryptocoinsnews.com/argentina-unintentionally-improves-case-bitcoin/

[misterycoins]

Hasn't bitcoin already gone mainstream?

No.... Nobody (like one the street people) knows what the fuck bitcoin is... yet.

Agreed. Mainstream is television. Mainstream is google. Bitcoin is not mainstream.

The endgame of bitcoin is to go mainstream, maybe even global, some people would like to see it as the primary form of exchange worldwide.

[marcus_of_augustus]

Top 0.111% own 81% of the wealth

https://en.wikipedia.org/wiki/Distribution_of_wealth

If bitcoin "goes mainstream" it won't make much difference to it's value relative to fiat until the top 0.111% make a move into bitcoin. Unless the mainstream accept only bitcoin in trade forcing some portion of the top 0.111%'s wealth to adopt.

[Trading]

The inequality on the distribution of wealth is astonishing, even if that graphic only takes in account financial assets and not material goods, including small enterprises, land and houses.

Anyway, bitcoin won't contribute to a more equitable world, on the contrary.

[marcus_of_augustus]

The inequality on the distribution of wealth is astonishing, even if that graphic only takes in account financial assets and not material goods, including small enterprises, land and houses.

Anyway, bitcoin won't contribute to a more equitable world, on the contrary.

That wasn't my point.

But since you raise it, if the mainstream entered bitcoin (with their paltry 29% of the wealth) before the 0.111% and then refused to trade with the 0.111% in anything but bitcoin then bitcoin would indeed contribute massively to balancing the inequity in global monetary holdings.

You have been given a tool, a new weapon in an age old struggle, it is up to all of us to choose how to use it.

[lottery248]

due to the ridiculous supply limit (unless they have even smaller division or higher supply), bitcoin goes mainstream would go to hundred millions per single within a day, and explicitly unstable if bitcoin went mainstream for the first time. if i guessed correctly.
so, bitcoin cannot go mainstream easily, bitcoin can only be pushed to the mainstream by majorities of bitcoiners.