Bitcoin adoption: Don't just sit down, do something - page 5.

BitcoinFX

legendary

Activity: 2646

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https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF

Just ... Sittin' n Knittin' ... ?

- https://youtu.be/fkUw7qx2UrI Grin

...

Correct sentiment though ...

- https://web.archive.org/web/20100327210623/http://www.bitcoin.org:80/faq

"... What is Bitcoin’s value backed by?

Bitcoin is valued for the things it can be exchanged to, just like all the traditional paper currencies are.

When the first user publicly announces that he will make a pizza for anyone who gives him enough Bitcoins, then he can use Bitcoins as payment to some extent - as much as people want pizza and trust his announcement. A pizza-eating hairdresser who trusts him as a friend might then announce that she starts accepting Bitcoins as payment for fancy haircuts, and the value of the Bitcoin would be higher - now it would be backed by pizzas ''and'' haircuts. When Bitcoins have become accepted widely enough, he could retire from his pizza business and still be able to use his Bitcoin-savings.

Currently, Bitcoin is in beta development stage, and some new features need to be implemented before the system is well suited for real use. The system already works on the basic level, though, and you can trade with it if you want to. ..."

mersal

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Activity: 1204

Merit: 38

Quote from: kalel18 on January 22, 2019, 07:39:46 AM

good idea for cryptocurrency crowds to know about this crypto but will not prevent it from the government if they know that it's using cryptocurrency. it's a fun feeling to talk about Bitcoin or cryptocurrency especially if they know crypto and you'll get ideas about it.

When we have to decide to become a bitcoin investors don't get into this quickly because when you entered into field you cannot get out this field for a long time because it is made up like that so you can do something for the development of the cryptocurrency every day it will be buying selling exchanging and much more to do for the journey of development.

Destico

newbie

Activity: 14

Merit: 0

Truly bitcoin have had a massive progress for the passed ten years, but there are still more to do, the adoption of bitcoin is the main challenge facing this currency, many prefer local currency than bitcoin when it comes to trade, simply because, many traders in some country don't know about bitcoin, some are not interested at all,due to the level of their knowledge, and it's the high time to have some group and their job is to interact with these people in their local languages,to enlightened the about what bitcoin is all about.

avarnet

sr. member

Activity: 896

Merit: 250

Quote from: marjil on January 22, 2019, 04:43:03 AM

Many people are already using bitcoin and eth but the majority are still seeing it as a store of value. Unless this changes then the numbers of transactions will probably stay low for some time to come.

indeed it's true because by storing them they can get the benefits they want, so most of them now are holding rather than making transactions

kalel18

copper member

Activity: 182

Merit: 1

good idea for cryptocurrency crowds to know about this crypto but will not prevent it from the government if they know that it's using cryptocurrency. it's a fun feeling to talk about Bitcoin or cryptocurrency especially if they know crypto and you'll get ideas about it.

anjho.ace

full member

Activity: 371

Merit: 100

There are some small store in some community who will accept bitcoin and ethereum because of the price is really low now.
BUt i hope they will keep accepting the coins even at the top of its price and when the market is falling.
we need more support from many community to keep the coins uptrend and stronger.

Ruffian1314

copper member

Activity: 322

Merit: 0

I strongly agree to this because we need to act now to make the cryptocurrency adopted all over the world so that we can now fully use crypto everywhere and anywhere. Only crypto people can make this hapoen due its decentralization who doesnt have any central agency that runs it.

naufals4

member

Activity: 574

Merit: 11

yes I agree with your statement, many out there people just stay quiet but want the price of bitcoin to always be high and keep rising. so if you want bitcoin to remain stable and keep rising you should often promote bitcoin to others.

Huucrypto1

newbie

Activity: 23

Merit: 0

Thanks for sharing your thoughts on the future. No problem!
I much happiness now. I have a big millionaire. Dogecoin is best very currency, you buy now!

JimmyK95

newbie

Activity: 12

Merit: 0

I totally agree with you. However so many banks are fighting Bitcoin.
In my country, banks won't accept large bitcoin withdrawals. But it makes sense, because cryptocurrencies is a big loss for the big cooporations.

marjil

member

Activity: 454

Merit: 13

Many people are already using bitcoin and eth but the majority are still seeing it as a store of value. Unless this changes then the numbers of transactions will probably stay low for some time to come.

cahbagus555

member

Activity: 756

Merit: 12

I am believe people who involve and investing in cryptocurrency must be want adoption happen more faster. But its need government regulation and every government have their own rule. I think right now many advance country already regulate cryptocurrency and allowing crypto as payment, i am believe more country will follow this step

jessyj48

member

Activity: 756

Merit: 14

That's a good advice for people that can actually do that in there country ,it will make bitcoin get better but presently there are many places ,business accepting bitcoin as means of payment already ,its only a matter of time it will get better but as for me its not legal in my country

yesyes18

member

Activity: 546

Merit: 12

That's true. To make sure adoption and mass usage of crypto or Bitcoin becomes realistic depends on us those who have some knowledge in it. We are in the best position to do that and neither the government nor the media can do it better than us the basic users. One unfortunate thing is that the Media, governments and even some of us or certain companies are preventing people from seeing the good aspects of this technology and so it's difficult making people use Bitcoins or cryptos.

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: ongkok87 on January 19, 2019, 10:33:24 AM

Quote from: Bosx1ne on January 19, 2019, 10:27:32 AM

The demand of the people to bitcoin will grow more if we will spread our knowledge about the whole blockchain technology to other people. I am sure that they will also enter to the market if they fully understand what is for and how it works.

That's right with us spreading the word about bitcoin and the blockchain system so people will know its function and its use that can make many people adopt bitcoin

If every user wanted to tell on of their closest people about bitcoin. of course bitcoin adoption could be accelerated ? because of course one word can provide curiosity to others people. especially bitcoin is a new innovation. certainly makes people want to know more deeply

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Bosx1ne on January 19, 2019, 10:27:32 AM

The demand of the people to bitcoin will grow more if we will spread our knowledge about the whole blockchain technology to other people. I am sure that they will also enter to the market if they fully understand what is for and how it works.

I am sure by sharing more information on social media, and we can help bitcoin to spread among us because people now will search something they don't know. They will keep searching until they found what they want and if they are interested in that thing aka bitcoin, they will join and will use bitcoin as what we did. We need to do this over and over again so we can give the information about bitcoin to them and we can reach more people to comes to the cryptocurrency.

deisik

legendary

Activity: 3542

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Artemis3 on January 19, 2019, 05:26:49 PM

Quote from: deisik on January 18, 2019, 04:24:12 AM

Quote from: Artemis3 on January 17, 2019, 09:14:56 PM

There was no need for you to waste time with altcoins, bitcoin is becoming even better for business and small "Lightning" payments

There are definitely other factors at play here

And we have already seen them in action. People won't pay with Bitcoin for things you mention (like daily necessities or haircut), even if it would cost them nothing in terms of fees and time. But it doesn't mean either that Bitcoin will be useless and worthless. It will just turn into digital gold (it is not yet) but without gold's shortcomings and deficiencies. And this is where altcoins are going to pick up the lead as with Bitcoin being new gold (a store of value), using altcoins as change money would make perfect sense

I have actually bought things with bitcoin, just not daily needs directly. Indirectly by selling for fiat, yes. Once LN becomes universal in wallets, i see no reason not to pay little things directly as well, as long as the business accepts BTC. Or perhaps it would be more accurate to say, pay for things in satoshis, especially if as you say, the value of bitcoin will keep going up. Unlike gold that remains mostly fixed in place

This doesn't count

Because merchants may not even know that you paid them with a cryptocurrency (in this case with Bitcoin), let alone accepting it as a legit means of payment. And I'm afraid LN won't mend matters in this department as it is not merchants who are a limiting factor here. And while you (and me too, for that matter) are ready to pay for small things with cryptocurrencies (though, personally, I would prefer to pay with lites, not bitcoins), this is not what most cryptocurrency users are inclined to do at large

Quote from: Artemis3 on January 19, 2019, 05:26:49 PM

Gold itself used to be used for payment, but it got so expensive that it got tricky to pay small amounts with it. Bitcoin doesn't have that problem, not only has 8 decimals already, but can quickly be expanded into 16, should a time come where a single satoshi becomes too much money

The problem is not with Bitcoin and its decimal places, the problem is with the majority of people not willing to use it as a means of payment

Tagus45

copper member

Activity: 275

Merit: 1

It would be a good choice to introduce bitcoin as a payment method and that would make the value of bitcoin more stable, and if many people think of bitcoin as a method of payment rather than investment, then the risk of bitcoin will be smaller.

Upgate

member

Activity: 560

Merit: 14

I checked your country and I see that you are from Nigeria West Africa is good to see bitcoin is being welcomed and acceptable there I think we all have a huge part to play in the expansion of cryptocurrency globally and if we do our best then the future would be brightened

BorutosDad

newbie

Activity: 36

Merit: 0

it's very cool dude. I had a similar situation with one programmer, whom I told about Bitcoins in 2014 on one party and about the fact that Bitcoins are the future. as far as I know now, he earns a lot of money on cryptocurrency and now he is creating a team to launch his own token. respect.

Topic: Bitcoin adoption: Don't just sit down, do something - page 5. (Read 1276 times)