Bitcoin’s future depends on public acceptance

[keanbosch]

http://www.ahametals.com/bitcoins-future-depends-public-acceptance/

[odolvlobo]

The original artcle is here: http://www.usatoday.com/story/money/business/2014/09/02/baverman-bitcoin/14728425/

[oceans]

It is true, bitcoin does need to be accepted by more for it to go further however I fear that the bad press it can sometimes get can lower people's trust in bitcoin therefore lowering the public acceptance which is a shame. It's something I feel we have to over ride though and try and get the word out there that bitcoin is not as bad as many make it out to be.

[yayayo]

Bitcoin is not ready for mainstream yet. It is common that emerging technologies are adopted by entrepreneurs and so-called "geeks" first. These are the ones that provide the necessary tools and features that the mainstream needs to join the new technology.

There is no need to worry. We are simply in the earliest stages of adoption.

ya.ya.yo!

[TrailingComet]

Expectations for adoption speed are just unrealistically high
We are a good 5 to 10 years away from large scale, ubiquitous adoption

[bitbinn]

still bitcoin is not yet accepted by mainstream and more work needs to be done for that

[boraf]

http://www.ahametals.com/bitcoins-future-depends-public-acceptance/

Of course. Bitcoin can't survive being a speculative instrument alone.

But higher merchant adaptation doesn't mean the price will go up automatically.

[iluvpie60]

http://www.ahametals.com/bitcoins-future-depends-public-acceptance/

Of course. Bitcoin can't survive being a speculative instrument alone.

But higher merchant adaptation doesn't mean the price will go up automatically.

it will need to be used by more people, merchants accepting it wont raelly make much of a difference at this point.

but places like newegg that put stuff on sale for 30% off when you pay with bitcoin that will get normal people into it

[bornil267645]

of course it does, because they are the one's who will be using it...

[keithers]

Bitcoin cannot really succeed without the public acceptance.   We are getting there little by little, but everything rides on the bitcoin economy continuing to grow.   It is pretty self explanatory why...

We basically want it to be an additional payment option at everywhere that we are spending money...

[minerpumpkin]

Of course, this is very obvious. Every currency needs to be accepted by people in order to work properly. If a currency isn't accepted, it effectively loses its value! If people can't expect others to buy their bitcoin after some time has passed, why should the invest in Bitcoin to begin with?

[gonnafly]

XYZ's future depends on public acceptance

[CokeCoin]

I know the tautological headline is pretty funny, but at the very bottom of the page, the article quotes a finance professor from Duke saying:
"Bitcoin is probably the most secure form of transaction in the history of the world."

[GTA]

XYZ's future depends on public acceptance

ikr, pretty fluffy stuff but not negative and coming from USA Today which means there is at least some editorial support there.

[Summer,69]

XYZ's future depends on public acceptance

mine too?

[Yeezus]

"Bitcoin’s future depends on public acceptance," well, to some extent it does. If we want it to  really thrive as a currency we need merchants and the public behind it, but it will also do ok without them and may forever be a semi-niche system, but I'd prefer for it to be a fully fledged world-wide currency.

[lovegood]

Yeah, but it does not depend on 100% acceptance. It had as much acceptance as it needed to survive back in the silkroad v1 days.
Everything past that is gravy

[Robin_Good]

Tautology headline is tautological.

[unexecuted]

Yes, because the public is so accepting of linux.

[CoolBliss]

"People purchase bitcoins and manage their accounts in privately-run online exchanges."

MSM coverage slowly improving, but still can't quite get it right.