Topic: Bitcoin (Read 863 times)

Every day the user profiles were increasing little by little though it is decentralized as well don't have an assurance of tomorrow. People getting into it due to the increased pricing as well the increased profiting investment. Also the increasing acceptance by several merchants make common men to start using bitcoin for their goodness.

Yes eveyday many people, corporations that make investing on bitcoin and
 there are people who building projects for bitcoin usage become more easy
 today is era of digital currency where every one can participate in bitcoin
they can become miners, traders, developers or investors.

sorry had to correct that for you

Nope, gotta disagree with ya, ole chap! .... Bitcoin is live a well, and nothing seem to stop it or even slow it down. Do not

underestimate the developing countries.... they find ingenious ways to access the internet and to participate in the global economy.

Some of the bigger companies are working hard to spread broadband internet to everyone on this planet. Just have a look at this

project,  https://x.company/loon/

The price fluctuation is normal for a emerging commodity with low distribution and criminals can easily be tracked via the Blockchain,

if they were stupid enough to use Bitcoin. 

main issues common people have:
1. usability:
    lengthy addresses
    many decimals
    no easy way to mentally calculate value without having double check exchange rates

2. spendability:
    fee war has priced bitcoin of its utility out of developing countries where it costs more than an hours wage to use bitcoin
    lack of a community push to ask their own local merchants to accept bitcoin (sitting on hands hoping a hero will fly in with the sales pitch)

3. the community:
    people want to exaggerate the benefits and brush the limits under the carpet.. rather than solve the problems and be honest about the benefits.
    this leaves people feeling they have been 'over promised and under delivered' and leads to frustrations.
    there is no need to tell people already using bitcoin, 'its great' instead we need to understand the issues and solve them. 'make bitcoin great again'.

now with that said
point (1) above can be solved with concepts such as NFC hardware wallet smart watches. where sliding the device over a sensor signs a tx. without
revealing the private key and without needing to manually type in lengthy addresses or long decimals.. simple 'swipe and pay'

point (2) above can be solved by fixing the priority calculation to make tx's average waiting 2-3 hours AFTER confirm* for whats deemed natural spending habits by using CLTV maturity in a new priority calculation. where those that need to respend more than once every couple hours could/would use LN as a voluntary side service.
*2-3 hours AFTER confirm formulae could, with the right motives be a few days maturity AFTER confirm. knowing LN would be a utility for many tx a day.
thus those only spending once a week dont need LN. because there is no 'every block respend' spam onchain.. thus natural balance is restored.

point (3) above can be solved if people started finding other bitcoiners locally and arrange meetups (no cost just agree to meet at a cafe/bar) and discuss which stores/merchants locally they desire most to accept bitcoin. and organise that they locally offer a service to that merchant. it can be as simple as offering that merchant an upfront fiat 'bartab' and the merchant
then merchant shows customers a qr code or use a bitcoin NFC point of sale system. thus the merchant takes the fiat out the bartab and the bitcoin goes to the guy who paid the bartab. no risk to merchants.
emphasis on local people seeking their local merchants doing it, instead of sitting on hands waiting for code to grow feet and a voice to do the work

I don't agree with your statements because day by day more and more people are getting engaged in bitcoin and more demand and rate hike is the symptom that people are supporting bitcoin. Even with complicated initial steps required to create a bitcoin account and Wallet new user are also loving the technology.

No more users? Are you kidding? Everyday there are many people buying and using bitcoin. How can bitcoin will run out of users? About the fluctuation. Actually i love it. It could go up and down. But its worth of my time and money. You can earn huge profit from it.

Bitcoin can be used just like internet banking and credit cards so the one who are familier with online payments may not find using bitcoin so much difficult.

Marketcap of bitcoin is still very low so price is very volatile, but with increasing marketcap and decreasing supply of bitcoin. In near future price may not swing like right now.

Even fiat and hard cash are used by criminals, hackers etc and money laundering is not only tied with bitcoin.

New users are constantly joining the ecosystem. This is easily debunked.

I'll give you this one. In other words: Humans are stupid and lazy.

The price vollatility is on the decline. This is also easily debunked:


Bitcoin is not anonymous. I'd argue that if it were impossible to use it for illicit purposes that it would not be a real currency. Illicit usage is present in all major currencies. This is a moot point.

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You have actually not built a good case against Bitcoin. This thread is useless.

I dont really get what you are getting at here, i think your running bitcoin down, saying things like, hackers use it , darkweb uses it, but all fiat is used for thee sorts of purposes as well.  this has been said so many times on these forums that i am getting sick of replying to them. 

No more users: Actually bitcoin has attracted more users daily, it is expanding and since there is huge profit in bitcoin new users began to flock.
Somewhat difficult to use: This is just a childs game, creating a wallet and sending it to other wallet to create a transaction is not difficult, playing dota is much more complicated yet many children are playing it.
Bitcoin price fluctuations: The volatiliy of bitcoin is the main reason why many investors have invested in bitcoin and up to this moment due to this volatility the price has reach 1000$ each.
Criminals, hackers, money laundering abuses: It happens all the time but it did not stop us to invest in bitcoins, its just a matter of research and doing some precautionary measures to avoid being a victim.

1.Bitcoin is not difficult to use.If you can use a computer,you have enough brain to use btc.
2.Price fluctuations.-This is a good thing actually.
3.Criminals using btc.-Criminals use mostly fiat currencies.It`s not fault of the btc community that there are criminals who use btc.

Well Bitcoin  is big at the moment and the price keeps soaring as we all can see so I wouldn't sit for anyone to tell me that Bitcoin capitalization and the frequency of the price increases means it's not being used by a lot of people. It's actually been accepted and the corresponding demand is causing the price hikes.

bitcoin capitalization and price constantly growing and you're moaning that people don't use it?

Your subject is very vague, I would suggest changing it to something more creative. Example : Factors influencing Bitcoin adoption.

The Poll is absolutely worthless < A B C - any you do not show what A B C reflect in your thread? > What are you asking with this Poll?

The people in the developing countries have poor infrastructure, but the technology has to adapt to their needs. A perfect example of this is BitPesa < Go read more about that >

The process to access money in a savings account at a bank are way more complex than creating a web wallet.

Bitcoin is money, and we cannot choose who use the currency, just as the reserve banks cannot control who pay for drugs and prostitutes with cash. ^smile^

No more users: The fact is that people, especially the developing countries, have been accustomed to using cash, gold and silver. And they do not understand much about the electronic currency. With that many famous newspapers there are fairly negative article about this money (I'll explain later), so that people are very cautious and have many concerns when using Bitcoin.

Somewhat difficult to use: To use Bitcoin, you need to create one for storage Bitcoin, and the exchange Bitcoins for cash, usually you will have to go through an intermediary 1 payment. So for those ignorant of the technology that no one indication, they will hardly be able to do this operation, and are at risk of fraud.

Bitcoin price fluctuations: You can go to google to see a graph of currency fluctuations this. For example, the end of 2015 Bitcoin prices fluctuate only $ 200-300 / Bitcoin, but until the present time, the relatively high price of Bitcoin, steady at $ 500- $ 600 / Bitcoin. Or sometimes it rose sharply, down sharply, the world changes affecting electronic money pile can make Bitcoin prices fluctuate in real time.

Criminals, hackers, money laundering abuses: Why anonymous Bitcoin and no one controls, criminals can use this money as one transaction method. Hackers can attack many are looking for ways to steal Bitcoin Bitcoin floor in bulk and money laundering can occur 1 easily.