Topic: Bitcoin adoption: Don't just sit down, do something - page 7. (Read 1247 times)
yes i agree with that statement, i think it will be great when you do something in bitcoin or cryptocurrency, dont sit down and see what happen, you need to make something changes with your move.
Well i think that is a good idea.A lot of investors who have little shops, or little businesses , like the man with a barber shop can accept the payment in BTC and and let other people know about the existence of this coin and make Bitcoin useful in everyday situations.
by marketing bitcoin to the public it will greatly help the spread and adoption, in the near term I will make a service business,and I am ready to accept payments with bitcoin, at least that will give little help to bitcoin
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
We all want bitcoin to be globally adopted right, you want to be able to use your bitcoin as a currency to buy foodstuffs, goods or service in your local community then what are you doing to encourage that? No one here can tell me that he/she hasn't sold anything before, so you have no excuse of not accepting bitcoin in exchange for what you sold be it your books, gadget or anything salable expect you never knew of bitcoin then.
I walked into my barbers shop yesterday then notice something was different (i took a closer look at what was printed on the A4 paper pasted on the notice board and it reads "We now accept Bitcoin & ETH as payment options" it went on to explain that ETH will be accepted for the $2 and below fees and bitcoin accepted for fees above that. It gave me joy because I was the one who introduced him to bitcoin few years back. As an act of encouragement I have promise to promote his business both online and in popular blockchain related gathering I attend.
Few of my previously sold gadget monetary value were received in cryptocurrency and i have come to realize if we want the world to take us seriously we have to act ourselves so I'm encouraging the service providers and others we have on forum to start accepting bitcoin, charity begins at home.
I walked into my barbers shop yesterday then notice something was different (i took a closer look at what was printed on the A4 paper pasted on the notice board and it reads "We now accept Bitcoin & ETH as payment options" it went on to explain that ETH will be accepted for the $2 and below fees and bitcoin accepted for fees above that. It gave me joy because I was the one who introduced him to bitcoin few years back. As an act of encouragement I have promise to promote his business both online and in popular blockchain related gathering I attend.
Few of my previously sold gadget monetary value were received in cryptocurrency and i have come to realize if we want the world to take us seriously we have to act ourselves so I'm encouraging the service providers and others we have on forum to start accepting bitcoin, charity begins at home.
We too have taken up initiative to promote bitcoin and connect more people with bitcoin.
Just because you sell stuff, may i ask you.
Would you be interested in starting a LIME.
LIME - Local Independent Micro Exchange.
Let me get it clear - LIME is an ideology and not a product.
An exchange just for local people in your neighborhood, community or even tourist places. This will save people from sending their personal information to some offshore exchange with zero liability. Through LIME you can provide people with liquidity and most importantly you can introduce them to bitcoin.
I have written a post on how my village farmers now invest in bitcoin. https://bitcointalksearch.org/topic/an-introduction-to-our-lime-initiative-5098721
We all want bitcoin to be globally adopted right, you want to be able to use your bitcoin as a currency to buy foodstuffs, goods or service in your local community then what are you doing to encourage that? No one here can tell me that he/she hasn't sold anything before, so you have no excuse of not accepting bitcoin in exchange for what you sold be it your books, gadget or anything salable expect you never knew of bitcoin then.
I walked into my barbers shop yesterday then notice something was different (i took a closer look at what was printed on the A4 paper pasted on the notice board and it reads "We now accept Bitcoin & ETH as payment options" it went on to explain that ETH will be accepted for the $2 and below fees and bitcoin accepted for fees above that. It gave me joy because I was the one who introduced him to bitcoin few years back. As an act of encouragement I have promise to promote his business both online and in popular blockchain related gathering I attend.
Few of my previously sold gadget monetary value were received in cryptocurrency and i have come to realize if we want the world to take us seriously we have to act ourselves so I'm encouraging the service providers and others we have on forum to start accepting bitcoin, charity begins at home.
I am agree with your opinion. We are just small community who has no any power over big governments which have all resources for accepting new laws. Few years back everything was different and enjoyable. Everyone want to take profit from markets so no need to force this community. I walked into my barbers shop yesterday then notice something was different (i took a closer look at what was printed on the A4 paper pasted on the notice board and it reads "We now accept Bitcoin & ETH as payment options" it went on to explain that ETH will be accepted for the $2 and below fees and bitcoin accepted for fees above that. It gave me joy because I was the one who introduced him to bitcoin few years back. As an act of encouragement I have promise to promote his business both online and in popular blockchain related gathering I attend.
Few of my previously sold gadget monetary value were received in cryptocurrency and i have come to realize if we want the world to take us seriously we have to act ourselves so I'm encouraging the service providers and others we have on forum to start accepting bitcoin, charity begins at home.
Governments are elected by people. If majority of people want bitcoin no government can do any thing about it. They cant jail half of its population. Unity is power. Before that creating acceptability in masses is the most important requirement. We have take an initiative in our village. https://bitcointalksearch.org/topic/an-introduction-to-our-lime-initiative-5098721.
People think starting big online exchanges serving the world, we created Local Independent Micro Exchanges (LIME) with zero cost in our villages. Government can jail single big exchange owner but can jail all small exchange owners. One big exchange can control and manipulate exchange rates but LIME's are independent to set their own prices which can be accepted or rejected by general public. General public are free to go to any LIME's who can give better exchange rate. Now my village farmers who are uneducated can invest in bitcoin.
I would love to encourage people to accept cryptos as a payment option, but if I try to do it, I will be arrested by Police because bitcoin or any other cryptos are notified illegal tender in my country. Can you do something about it? No!
Don't just blame the community! Try to know why they are not able to help in the adoption process! Majority of them are legally bound like me!
Don't just blame the community! Try to know why they are not able to help in the adoption process! Majority of them are legally bound like me!
99% of the world has a neutral or positive stance towards Bitcoin. You are in a very small group of people that not only can't formally use Bitcoin but can also get arrested for doing it. There are some crazy places like Venezuela where police steals mining equipment and arrests people for mining but it can't be treated like something normal.
Most people aren't doing anything because they aren't paid to do so. Are we to take a day off and walk around town persuading merchants to use Bitcoin?
The title says so. Yes I was introducing Bitcoin, blockchain and cryptocurrency to my friends from time to time. I'm not just talking about the price, but the potential of its technology and the future of it. Although that Bitcoin may not replace cash entirely, but for sure more and more people are going to use it for peer to peer transactions in several years to come. I can see that coming once we don't just sit and wait for the price to go up. Keep sharing!
Both ETH and BTC have huge fees from time to time and I can't in good faith recommend them to anyone.
That was when the network was overloaded, as of current I believe it takes about $0.1cent +/- to excute a transaction on the ethereum blockchain and as of bitcoin I haven't done transact for quite some time but i believe the fees will be in cents too. We have various cryptocurrency so if bitcoin fees becomes high a merchant can have other options for the main time. I believe the goals is to get cryptocurrency adopted with bitcoin plotting the adoption.
In the last 6 months or so, i have made all my bitcoin transactions using the smallest possible amount, which is 1sat/B. That results in a typical tx fee is under 1000 satoshis, usually under 500 (depending on inputs), and gets confirmed within the hour, sometimes within the block (10 minutes).
For reference: 1000 satoshis = 3¢
In the near future, Lightning Network enabled wallets would allow your barbershop to accept bitcoin payments instantly, in fact he could have a "tab" for frequent clients, and further bitcoin updates would allow him to do that even offline...
There was no need for you to waste time with altcoins, bitcoin is becoming even better for business and small "Lightning" payments.
Be sure to maximize the promotion of Bitcoin to the masses, as it is quite likely that this will help it to scale.
I think i have promoted bitcoin in my own way.I used to share ideas about bitcoin with my family,relatives and even closest friends.Some of them may seem to be interested while others just ignore about it.So i just told them if you want to make sure if bitcoin is legit,you can try to make some studies about it by reading related articles available in the internet. I would love to encourage people to accept cryptos as a payment option, but if I try to do it, I will be arrested by Police because bitcoin or any other cryptos are notified illegal tender in my country. Can you do something about it? No!
Don't just blame the community! Try to know why they are not able to help in the adoption process! Majority of them are legally bound like me!
Don't just blame the community! Try to know why they are not able to help in the adoption process! Majority of them are legally bound like me!
99% of the world has a neutral or positive stance towards Bitcoin. You are in a very small group of people that not only can't formally use Bitcoin but can also get arrested for doing it. There are some crazy places like Venezuela where police steals mining equipment and arrests people for mining but it can't be treated like something normal.
Most people aren't doing anything because they aren't paid to do so. Are we to take a day off and walk around town persuading merchants to use Bitcoin?
Be sure to maximize the promotion of Bitcoin to the masses, as it is quite likely that this will help it to scale.
It is not that easy in the past I tried to convince people of joining bitcoin and I failed but then when they saw bitcoin going up in price all they wanted to know was where to buy it so they could earn money with it, I refused to help them since I knew that if they were only interested in making money they will lose it if they did that, my friends were not very happy with my response and then the price crashed, they understood that I did it to protect them but I still had to endure several weeks of difficulties.
So while trying to make people adopt cryptocurrencies seems like a good idea it is not as easy as many people think since any losses that are caused by people following your advice will make your relationship very difficult.
So while trying to make people adopt cryptocurrencies seems like a good idea it is not as easy as many people think since any losses that are caused by people following your advice will make your relationship very difficult.
We all want bitcoin to be globally adopted right, you want to be able to use your bitcoin as a currency to buy foodstuffs, goods or service in your local community then what are you doing to encourage that? No one here can tell me that he/she hasn't sold anything before, so you have no excuse of not accepting bitcoin in exchange for what you sold be it your books, gadget or anything salable expect you never knew of bitcoin then
I'm afraid it doesn't work that way
Neither is it supposed to work that way, strictly speaking. When you want to sell something and offer it for selling, it is called a buyer's market, i.e you can't demand someone to pay in something other than an established means of payment used in your quarters. Otherwise, it wouldn't be a sell but rather an exchange of things. In this case, you would be striking a barter deal like an exchange of apples for oranges
On the other hand, if you are given a choice as you describe further in your post, that would be a different situation since you are not being limited in your payment options
We all want bitcoin to be globally adopted right, you want to be able to use your bitcoin as a currency to buy foodstuffs, goods or service in your local community then what are you doing to encourage that? No one here can tell me that he/she hasn't sold anything before, so you have no excuse of not accepting bitcoin in exchange for what you sold be it your books, gadget or anything salable expect you never knew of bitcoin then.
I walked into my barbers shop yesterday then notice something was different (i took a closer look at what was printed on the A4 paper pasted on the notice board and it reads "We now accept Bitcoin & ETH as payment options" it went on to explain that ETH will be accepted for the $2 and below fees and bitcoin accepted for fees above that. It gave me joy because I was the one who introduced him to bitcoin few years back. As an act of encouragement I have promise to promote his business both online and in popular blockchain related gathering I attend.
Few of my previously sold gadget monetary value were received in cryptocurrency and i have come to realize if we want the world to take us seriously we have to act ourselves so I'm encouraging the service providers and others we have on forum to start accepting bitcoin, charity begins at home.
I walked into my barbers shop yesterday then notice something was different (i took a closer look at what was printed on the A4 paper pasted on the notice board and it reads "We now accept Bitcoin & ETH as payment options" it went on to explain that ETH will be accepted for the $2 and below fees and bitcoin accepted for fees above that. It gave me joy because I was the one who introduced him to bitcoin few years back. As an act of encouragement I have promise to promote his business both online and in popular blockchain related gathering I attend.
Few of my previously sold gadget monetary value were received in cryptocurrency and i have come to realize if we want the world to take us seriously we have to act ourselves so I'm encouraging the service providers and others we have on forum to start accepting bitcoin, charity begins at home.
I totally agree with you because we all know bitcoin is a decentralized currency which has no centralized party to make it successful so as users we are the only people that can decide its future to be bright and successful or not so we are the only people who has the power to make bitcoin expand in the financial and non financial world through adoption by contributing as a community to make it more usable as a currency not just as a investing asset by implementing more options to use it as a means of payment in the real world
Good to see that people are thinking like this. Me, personally, I've got nothing against people who have Bitcoin and support it, but don't ever really use it. That's perfectly fine for me. I like to think I'm doing the best I can, every small effort I make where I successfully spend bitcoin instead of "regular money", I feel happy and satisfied knowing I've done my very small part for adoption.
I would like to say here also that a little bit of awareness can go a long way too. Whenever we can, remind people that storing Bitcoin at exchanges, or on Coinbase wallets, aren't really the same as owning and using Bitcoin. Also, using Bitpay or 3rd party processors - yes, it's convenient, but that's also a step away from true Bitcoin adoption. Always encourage actual bitcoin transfer, from peer to peer, from buyer to seller, without any 3rd party involved. Even if it's just a few cents worth, it's something and the way it was intended.
I would like to say here also that a little bit of awareness can go a long way too. Whenever we can, remind people that storing Bitcoin at exchanges, or on Coinbase wallets, aren't really the same as owning and using Bitcoin. Also, using Bitpay or 3rd party processors - yes, it's convenient, but that's also a step away from true Bitcoin adoption. Always encourage actual bitcoin transfer, from peer to peer, from buyer to seller, without any 3rd party involved. Even if it's just a few cents worth, it's something and the way it was intended.
We all want bitcoin to be globally adopted right, you want to be able to use your bitcoin as a currency to buy foodstuffs, goods or service in your local community then what are you doing to encourage that? No one here can tell me that he/she hasn't sold anything before, so you have no excuse of not accepting bitcoin in exchange for what you sold be it your books, gadget or anything salable expect you never knew of bitcoin then.
I walked into my barbers shop yesterday then notice something was different (i took a closer look at what was printed on the A4 paper pasted on the notice board and it reads "We now accept Bitcoin & ETH as payment options" it went on to explain that ETH will be accepted for the $2 and below fees and bitcoin accepted for fees above that. It gave me joy because I was the one who introduced him to bitcoin few years back. As an act of encouragement I have promise to promote his business both online and in popular blockchain related gathering I attend.
Few of my previously sold gadget monetary value were received in cryptocurrency and i have come to realize if we want the world to take us seriously we have to act ourselves so I'm encouraging the service providers and others we have on forum to start accepting bitcoin, charity begins at home.
I am agree with your opinion. We are just small community who has no any power over big governments which have all resources for accepting new laws. Few years back everything was different and enjoyable. Everyone want to take profit from markets so no need to force this community. I walked into my barbers shop yesterday then notice something was different (i took a closer look at what was printed on the A4 paper pasted on the notice board and it reads "We now accept Bitcoin & ETH as payment options" it went on to explain that ETH will be accepted for the $2 and below fees and bitcoin accepted for fees above that. It gave me joy because I was the one who introduced him to bitcoin few years back. As an act of encouragement I have promise to promote his business both online and in popular blockchain related gathering I attend.
Few of my previously sold gadget monetary value were received in cryptocurrency and i have come to realize if we want the world to take us seriously we have to act ourselves so I'm encouraging the service providers and others we have on forum to start accepting bitcoin, charity begins at home.
Bitcoin reached the demand it needs and the market showed the price of it.
This is so hard for some sectors especially banks and government.
Many government seen the power of BTC and they need to step forward to regulate the currency "BTC".
Before it gets too late to control. there are big amount in risk if they will let this one go with out any regulation which government can earn.
Bitcoin adoption, the good things we can do for bitcoin is really good for bitcoin and cryptocurrency, I will continue to support bitcoin and scattered every news about bitcoin to other friends through social media, and encourage them to invest and join bitcoin, and so for this let us support amd promote bitcoin to be more popular than ever.
Well i think that is a good idea.A lot of investors who have little shops, or little businesses , like the man with a barber shop can accept the payment in BTC and and let other people know about the existence of this coin and make Bitcoin useful in everyday situations.
by marketing bitcoin to the public it will greatly help the spread and adoption, in the near term I will make a service business,and I am ready to accept payments with bitcoin, at least that will give little help to bitcoin
Well, improving ground level use of cryptocurrencies for day to day transactions is the intention of the creator but sadly we are involved in speculation so giving second priority to the fundamental aspect of decentralized cryptocurrencies. I do see transaction fee as a barrier for day to day transactions because most of the things of daily needs are available at the cost of the Bitcoin transaction fee in my country so we need to find some better solution to optimise the usage of cryptocurrencies and improve the utility value of it.
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he can not do anything about it, but you can do something about it, only vote for candidates who are want to legalize bitcoin and not corrupt, dictators, and outdated ideas from Stone Age times.
We need the richest countries in the world to legalize bitcoin and if that happens the small countries will do the same thing, only then we can use bitcoin as a means of payments around the world without problems
Too bad, hopefully the law could be revised somehow. I don't know the reasons of the other countries fully on why do their government puts up a policy of the ban. Is it because fear of the scams emerging, or is it because there were already full scams that happened using the cryptos. Candidates who wanted to legalize bitcoin? Do they exist? That's the question. It's not like I am generalizing, but I had never heard such politician promoting cryptocurrency fully. Just something that you will heard behind the news sometimes.
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