Topic: Bitcoin adoption: Don't just sit down, do something - page 8. (Read 1247 times)
I will do something as I can. I can't force someone to use bitcoin, they have their own assessment of something new. I once promoted bitcoin on my insta story, but no one was interested and even no one asked me about it. Perhaps, in the next few years when payment instruments are more popular using virtual money, I'm sure it is a gap for someone to know bitcoin.
At the moment I'm thinking about creating a specialized online store (for the first time), where Bitcoin will be the main payment method. I think about details, but it seems to me this idea will more than pay off. In addition, it is a great contribution to the development of Bitcoin.
Personally, I basically want to do as you do. But unfortunately, there are restrictions for cryptocurrency in my country. There is a rule from the central bank which states that only fiat money is a legitimate payment instrument. That was a problem for us
Both ETH and BTC have huge fees from time to time and I can't in good faith recommend them to anyone.
not all times . they are only expensive when their value is also high but thesedays tx fees are freakin cheap . thats why using btc or eth isnt really a headache .
I made the mistake of recommending BCH to merchants, but the hash war destroyed its stability, too.
bch didnt ever become stable because bch is still a crypto and all cryptos will always be volatile . but your recomendation is good , bch is more lighter and has a smaller fee compare to eth and btc .
I am also a merchant and would love to accept crypto payments but the volatility is one issue for me.
thats good if you will add the suport of crypto payments but you must adjust your pricing depending on the current value of the coins so that you wont loose .
Your story inspires me.
But it's not simple as it seems for the first.
Firstlt, the use of cryptocurrency is illegal in many countries. What to do with it? To promote cryptocurrency and go to jail for it?
Secondly. It's difficult. Who would not say, but to use BTC or ETH for small transactions is stupid and meaningless. It is not suitable for this.
But it's not simple as it seems for the first.
Firstlt, the use of cryptocurrency is illegal in many countries. What to do with it? To promote cryptocurrency and go to jail for it?
Secondly. It's difficult. Who would not say, but to use BTC or ETH for small transactions is stupid and meaningless. It is not suitable for this.
Perhaps, the answer also comes from the specialization of altcoins and being able to trade between coins used in different industries for specific needed purposes.
The value that is assigned to each coin is assigned by its community and their participation, which is then relative to another coin.
As this industry grows so too do all the values. We are now at the edge of not relating coins to fiat currency but only to each other and this is a very good step.
The value that is assigned to each coin is assigned by its community and their participation, which is then relative to another coin.
As this industry grows so too do all the values. We are now at the edge of not relating coins to fiat currency but only to each other and this is a very good step.
I couldn't agree more with you more on this, to enhance widespread adoption of cryptocurrencies, we all have our role to play. However, the bitter truth is that the so called whales wouldn't be interested as they benefit a lot from keeping cryptocurrencies (especially Bitcoin) where it is at the moment. Some people are simply involved in trading and making cool profits through price fluctuation. This post actually did serve as a wake up call. It is not about talking, but doing.
I have done something similar with quite a few merchants and shops in my area and it has paid off in the long run. We are hosting several Bitcoin evenings at one of our local bars, where the owner accepts Bitcoin payments. It has been so successful that other bars have contacted us to ask if we can have these events at their bars too. 
A lot of small fires, will start a wild fire that would become uncontrollable. 
A lot of small fires, will start a wild fire that would become uncontrollable.
If your country allows it and you can manage the volatility today then why not? I think this is one of the best methods to actually amplify the noise of the usage of bitcoin.
What do you think the biggest roadblock is for most retailers in accepting BTC/ETH for payments? In addition to working in blockchain, I am also a merchant and would love to accept crypto payments but the volatility is one issue for me.
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.
Yeah, we won't see any massive adoption of cryptocurrency if we don't using it as a real currency in our real life.
The most challenging to using bitcoin as a currency is about the value of btc which is not stable.
But if we can make many peoples using bitcoin and crypto, i am very sure the value will become stable because many use them.
Small efforts will become large once everybody helps to contribute helps the growth of crypto.
The possible domino effects could happen if ever everyone helps.
This is not short term plan but for long term plans.
The possible domino effects could happen if ever everyone helps.
This is not short term plan but for long term plans.
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 have a high hope that the people in my community will use cryptocurrency in their daily lives but I know it will take more time if I will not take any actions. We should do something that can help the people in or community to have information about what it is and its function. 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.
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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.
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.
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.
there's an idea in telecommunications known as "metcalfe's law". it says the value of a network is derived from the number of its users. in other words, the more users the network has, the more valuable it becomes.
i tend to believe it's true. so while i think promoting bitcoin to merchants is a noble cause on behalf of bitcoin users, i don't think it's particularly important. i think the important thing is whether users continue adopting bitcoin as p2p cash/currency. as long as usership continues growing, merchants will eventually be forced to accept it due to the size of the market.
Good point, I'm sure we have small and big business men among us on here ,even company owners either small or big ,we have the power in our palm to make not only bitcoin be useful as means of payment
The OP had made a valid point towards encouraging we bitcoin community to further enlighten and educate our community people to adopt bitcoin and other cryptos, personally I had introduced two of colleagues to bitcoin last week and the funniest part is that both of them are willing to invest into it immediately without delay, there is the need to spread the good news about bitcoin for adoption.
I think its depend on government regulation. I will use my bitcoin and my others crypto for shopping but merchant afraid to accept it because government regulation. If government regulating cryptocurrency for payment, i am believe crypto community will happy and use it in merchant
It will take time to succeed. It stayed for a decade due to its technical excellence otherwise in this fast pace world product /invention become obsolete and replaced within a few years. Bitcoin will stay and go to mainstream but not too soon.
Most People are cynical of BTC and other just purchased as investment tool.
Media still make fun of pizza story terming as million dollar pizza's and with this attitude will you be able to convince anybody to spend bitcoins?
Most People are cynical of BTC and other just purchased as investment tool.
Media still make fun of pizza story terming as million dollar pizza's and with this attitude will you be able to convince anybody to spend bitcoins?
I agree. I dont think bitcoin has to be mass adopted in the next 6 months.
It will take time, development has to evolve in line with greater demand
it all cannot happen overnight. Patience and time are key elements in this
game!
Well it's great to encourage people to start accepting crypto payment, but not all countries are welcoming this currency, in my country using crypto as payment is against the law, so before we can start the mass adoption we will need to have the governments on our side, and we need good infrastructure to make crypto into a successful currency
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