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Author Topic: Who are the next adopters?  (Read 4250 times)
turvarya
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December 01, 2014, 07:57:12 AM
 #21

I think that people who don't use bank systems earlier like afrika.

In Africa, those who does not use bank are mostly illiterate people. Unless u can educate them, they wont be able to use bitcoin.
I am really amazed, how ignorant a lot people are. Are you from the USA?

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December 01, 2014, 10:29:03 AM
 #22

Porn industry and their clients.
This is probably correct. There was an article written a few months ago that discussed how high of fees payment processors charge producers of porn, it was ridiculous. It talked about a specific couple's experience with various sites and how they went from site to site, each time finding a site that gave them more of their revenue. I believe before they starting accepting bitcoin they would be paying over 30% of their sales to the site/payment processor


the problem with (online) porn industry btc adoption is that the way btc works it does not support an important part of their business model: they want you to subscribe for months and years and they want to drag your money from you every month via credit card. eventhough it is expensive for them, it is more reliable for them then to wait for their customers to send bitcoins every month again. btc can only be pushed, not pulled.
i guess there is a market for a btc service that somehow manages such re-occuring payments. if a service like this existed the online porn industry would adopt btc much faster.
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December 01, 2014, 10:31:26 AM
 #23

Financial services (wall street) & politicians seem to be the leading mini-adopters

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December 01, 2014, 01:02:36 PM
 #24

I think that people who don't use bank systems earlier like afrika.

In Africa, those who does not use bank are mostly illiterate people. Unless u can educate them, they wont be able to use bitcoin.

So I guess the whole Kenya is illiterate then? They have used Mpesa before Bitcoin existed.  Sad There are HUGE amounts of people, who in my opinion are illiterate, BUT they can use money.

Africa have lots of Banks and people who can read and write, and the only reason why they not using Bitcoin, would rather be, because they do not have the infrastructure to support it, that is why they using Mpesa on mobile phones.

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December 01, 2014, 01:11:11 PM
 #25

Black market operators are in no way going to be the next bitcoin adopters, they are the "early adopters". That is why we have the price shooting to 1000 usd in such a short span of time and then slumping when authorities started the clampdown. It's only the wall street financial guys that needs to be moving in next. Until we still this happen, bitcoin price will continue to remain more or less at current level.

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December 01, 2014, 01:43:00 PM
 #26

It doesn't have to be a completely different group.

Less than 1% of black market activity is taking place with bitcoin. Less than 1% of  Silicon Valley money is in bitcoin.

The next adopters could simply be more black market participants and more techies.

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December 01, 2014, 02:18:11 PM
 #27

Hi,

I was thinking for a while about who will be the next people to adopt Bitcoin after techies. IMO they should be the financial services guys or black market's types. What do you think?

The next adopters who already might be doing it are terrorists and hackers,

who would request ransom to be paid in bitcoins. I could see it happening soon.

Bitcoin would be perfect for them. I just hope it doesn't happen though.

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December 01, 2014, 02:34:54 PM
 #28

Hi,

I was thinking for a while about who will be the next people to adopt Bitcoin after techies. IMO they should be the financial services guys or black market's types. What do you think?

The next adopters who already might be doing it are terrorists and hackers,

who would request ransom to be paid in bitcoins. I could see it happening soon.

Bitcoin would be perfect for them. I just hope it doesn't happen though.

If that happens then the goverment will has to put some limitations and rules for bitcoin. But I don't think so that they can. They will definitely be putting a bad name to the currency.

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lontivero (OP)
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December 01, 2014, 03:00:52 PM
 #29

Hi,

I was thinking for a while about who will be the next people to adopt Bitcoin after techies. IMO they should be the financial services guys or black market's types. What do you think?

The next adopters who already might be doing it are terrorists and hackers,

who would request ransom to be paid in bitcoins. I could see it happening soon.

Bitcoin would be perfect for them. I just hope it doesn't happen though.

If that happens then the goverment will has to put some limitations and rules for bitcoin. But I don't think so that they can. They will definitely be putting a bad name to the currency.

Ransom requests have been paid in fiat money always and nobody complains about it, however you're right on this because the ww media could repeat the same news again and again and again for 3 or 4 years as they did with SR.
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December 01, 2014, 04:30:20 PM
 #30

https://www.cryptocoinsnews.com/mathias-sundin-worlds-first-bitcoin-political-parliament-candidate/

Like this politician, others will collect money for their campaigns in very near future. They can create tipping system like ChangeTip or they don't have to do that, they can use ChangeTip to have tips for representing them as a parliament member, mayor or whatever they wanna be.
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December 01, 2014, 06:08:07 PM
 #31

No need for more adopters, just more fiat money pumping out from central banks around the world will keep it afloat

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December 01, 2014, 07:13:39 PM
 #32

I think that people who don't use bank systems earlier like afrika.

In Africa, those who does not use bank are mostly illiterate people. Unless u can educate them, they wont be able to use bitcoin.

Just curious, when was the last time you traveled in Africa?

Most young people I have met in Africa, are literate, own several phones including a smart phone. They are already sending money over the phones with MPesa.

My youngest wife lives in Africa and she is paid via MPesa, she sends money to her parents with MPesa, she pays her electric bill with MPesa.

Where did you learn about Africa...from old national geographic magazines?
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December 01, 2014, 07:24:02 PM
 #33

I think that people who don't use bank systems earlier like afrika.

In Africa, those who does not use bank are mostly illiterate people. Unless u can educate them, they wont be able to use bitcoin.
Can't believe someone saying this.

Anyways, I think the best sort of adoption seen in the last few days is the tipping system using Changetip.
Looks like a perfect way to tip with any denomination.

lontivero (OP)
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December 01, 2014, 07:42:23 PM
 #34

I think that people who don't use bank systems earlier like afrika.

In Africa, those who does not use bank are mostly illiterate people. Unless u can educate them, they wont be able to use bitcoin.
Can't believe someone saying this.

Anyways, I think the best sort of adoption seen in the last few days is the tipping system using Changetip.
Looks like a perfect way to tip with any denomination.


Unbanked people are not only in africa, they are all around the world.
MichaelBliss
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December 01, 2014, 07:44:11 PM
 #35

Big money; mutual funds, billionaires, institutional investors of all kinds.  That'll push the price past $10,000.     
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December 01, 2014, 08:12:15 PM
 #36

I think the next adopters will be all people... Tongue ...just people like you and me...

If you ask me who are the next adopters with huge amount of funds... then it's wallstreet/investors that will buy the Bitcoin ETFs.

ya.ya.yo!

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December 01, 2014, 08:24:10 PM
 #37

BTCBTC Politicians BTCBTC

I think that the Mafia and other illegal trades can use this kind of "NEW" money with large volume!!!!!!

all other normal people use btc under legality...
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December 01, 2014, 08:25:55 PM
 #38


right now we are in the gold hoarders as i am seeing many gold hoarders saying "dont invest in bitcoin, sell your bitcoin for gold".. the reason because they want to offload their gold and grab your bitcoin.. (its basic reverse psychology)



Where have you seen this Franky?  On the forums here?
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December 01, 2014, 09:24:31 PM
 #39

-Corrupted officials. Bitcoin is ideal for bribing: nobody can prove you've received the bribe, nobody can confiscate it.
-Gray market aka D-system.
-The second wave of Chinese investors.
-Pron, gambling.

EDIT:
-"Wall-Street". Not necessarily US. Maybe European or Asian. And not necessarily professional investors, but retail investors.

Fairplay medal of dnaleor's trading simulator. Smiley
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December 02, 2014, 03:16:30 PM
 #40

People with mobile device and paid salary with BTC.
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