What Is Stopping Cryptocurrency Propagation?

[cryptocurrencylive]

What Is Stopping Cryptocurrency Propagation?

http://banksworstfear.com/what-is-stopping-bitcoin-propagation/

[BitProdigy]

It's only been invented for 5 years and look how far it has gotten already… I think it's propagating extremely rapidly personally.

[Ron~Popeil]

It does seem to be picking up steam but there is resistance. We will see more of it when the "lion" mentioned in the article realizes it has all ready been wounded. Staying strong handed will be really important when the opposing forces begin to hit back.

[leezay]

Government can slow it down or outright banning bitcoin.

[Ron~Popeil]

Government can slow it down or outright banning bitcoin.

There is all ready too much money it bit coin for a country like the US to ban. Our government listens to money and with the etf's and the infrastructure going into place a ban would never happen. They probably will at some point attempt to slow it down with regulations but even that would only slow it down rather than stop it. 

[PolarPoint]

I expect cryptos to flourish, so I have introduced bitcoin to a few of my friends. They are having problems with setting up a wallet with bitcoin-qt right off the bat. I then I told them about Electrum and other clients.

The learning curve is steep for new users, including setup and making transactions, then there are transaction fees and change address. Newbies are most vulnerable to theft and lost of keys. It is not difficult for us because we are used to it, but all these needs to change if we what mass adoption.

[Yakamoto]

It does seem to be picking up steam but there is resistance. We will see more of it when the "lion" mentioned in the article realizes it has all ready been wounded. Staying strong handed will be really important when the opposing forces begin to hit back.

The "lion" is already trying to claw back. The thing is, it can't find a good enough weakness. But regardless what happens, I feel the community will most likely stand strong through a lot of issues.

Government can slow it down or outright banning bitcoin.

Banning Bitcoin? Good luck with that.

Banning it isn't as easy as just saying "We ban Bitcoin". In the 1900s, in a decade or two, alcohol was banned. What did the people do? Moonshine. In some States marijuana is still illegal, and people grow it in grow-ops and sell it on the street. A ban doesn't just flat-out work, especially for a highly anonymous digital system.

Heck, anything that is "banned" can most likely be purchased or obtained in one form or another, it just needs a bit of... Observation.

Bitcoin can never be fully banned without the entire internet being taken down.

Which has lead me to the question, why have people not started creating direct nodes to self-hosted connection systems? Just being a wired Person-to-Person network could save Bitcoin even if the internet goes down.

WHY ARE WE NOT FUNDING THIS??

[waldox]

i would say government is slowing bitcoin the most
as there are no laws or outright bans of bitcoin
businesses are not eager to setup bitcoin in their businesses

[bocobit]

op, you are asking the wrong question. Why should people use bitcoin is the better question.  Those of us that do use bitcoin get it.  I don't want to use bad language but there's a saying that goes something like this.  Fuck em.  Why should I have sympathy for someone whom doesn't get it. Utopia is now

[freedomno1]

Stepping stones, simply put the process may still be too much of a cliff for some users to utilize and needs to be brought down to make it possible for all users to use.

[m3]

adoption of a new technology will take some time.

[Meuh6879]

...  like the "minimum is 0,5mBTC for donation" ... on the bottom of the article (with a balance of a 9 BTC  ).

[CEG5952]

Governments have actually been quite receptive, considering what BTC is. This is a brand new technology, a new asset class. It won't achieve adoption overnight. I think we're doing quite well.

[Lauda]

Governments have actually been quite receptive, considering what BTC is. This is a brand new technology, a new asset class. It won't achieve adoption overnight. I think we're doing quite well.

I'm just not sure what people want.
BTC to be accepted everywhere over night? You can pretty much buy almost anything using BTC now.

[mczarnek]

I think that Mt. Gox scared some people away.. I've talked to a couple people about crypto's and have gotten the response: "Oh, that's the one where a lot of people lost a whole bunch of money on when a whole bunch of them were lost/stolen?"

I also think that it's pretty big as it is, people in Bitcoin are used to exponential growth but that was mostly because people didn't really understand crypto's.. most now have by now heard of it, they have formed opinions, and some are going to get into it but don't see a rush.. if anything they'd like wait till more stores accept it and they can actually use it in various places.

Also, smart money realizes that while none of the platforms are 100% complete, Proof of Stake is going to obsolete Bitcoin.  My money is on Nxt.

Finally, find me another stock where 40% growth in marketcap over 90 days would be something to complain about...

[yayayo]

It's only been invented for 5 years and look how far it has gotten already… I think it's propagating extremely rapidly personally.

Yes, I don't think it is reasonable to say that Cryptocurrency propagation is being stopped. In fact it's propagating at very high velocity right now.

Cryptocurrency is a totally new concept. It is absolutely impressive how far it has been spreading in just 5 years.

ya.ya.yo!

[LiteCoinGuy]

It's only been invented for 5 years and look how far it has gotten already… I think it's propagating extremely rapidly personally.

people want to get rich and famous TODAY! no time to waste   ... and they sell when price is +50 $
thats the reason why most people never get "rich". buy high, sell low.

from 18 USD to 1200 USD in 18 months? too slow  


times were never better for BTC than in these days.

[btcxyzzz]

Governments have actually been quite receptive, considering what BTC is. This is a brand new technology, a new asset class. It won't achieve adoption overnight. I think we're doing quite well.

That's mystery to me too. Especially USA govt. I think they are digging the hole for themselves, and it's so good they are that stupid.

[Cranky4u]

Governments have actually been quite receptive, considering what BTC is. This is a brand new technology, a new asset class. It won't achieve adoption overnight. I think we're doing quite well.

That's mystery to me too. Especially USA govt. I think they are digging the hole for themselves, and it's so good they are that stupid.

Not just about the bloody US government. For BTC you HAVE to think globally!

[mczarnek]

Governments have actually been quite receptive, considering what BTC is. This is a brand new technology, a new asset class. It won't achieve adoption overnight. I think we're doing quite well.

That's mystery to me too. Especially USA govt. I think they are digging the hole for themselves, and it's so good they are that stupid.

Why did Europe adopt the Euro?  It prevented individual countries from printing their own money and paying their governments with inflation?

I think there actually are people in the government who see potential here and think it's the right way forward and don't want to stand in the way of progress.

Plus they've probably all bought some Bitcoin themselves before making announcements that it is legal