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Topic: Bitcoin Interest... again - page 2. (Read 2298 times)

sr. member
Activity: 448
Merit: 250
April 06, 2015, 06:43:57 AM
#31
Well there is no doubt that interest in Bitcoin would skyrocket if major corporations were to adopt it, in particular those companies that deal with young people. For instance if Playstation, Xbox, Facebook, Google Play etc were to incorporate Bitcoin into their systems, interest in BTC would just explode.

I respectfully disagree. Let's say Google starts to accept BTC. It'll make the news and all, but so what? People are still going to do business with Google using their credit card, Paypal, Google card, or whatever. What's the incentive for any of Google's customers to switch to BTC instead of some electronic form of fiat? It's almost like if some other company starts up a Paypal competitor and called it SuperPayMeNow. Why would people switch to SuperPayMeNow instead of what they've been using for years? Maybe this new payment system charges less fees to the merchant. Maybe merchants will offer customers a small discount. But I just don't think these small incentives are enough.



I agree with some points, but bitcoin adoption would spread considerably if big companies like those mentioned start accepting it. Maybe not explode but I think it would be the catalyst in a bigger growth over time. People would probably gradually switch over from Paypal if another better system came out and if "SuperPayMeNow" was considerably cheaper to use and was accepted everywhere like Paypal is. If places don't accept something then that is a big barrier to adoption so the more places that accept it the better for everyone and ignites bother interest and growth.
legendary
Activity: 3766
Merit: 1217
April 06, 2015, 06:39:24 AM
#30
Maybe in the next few years these exchange will drop and a few new "decentralized" exchange will be created (only to trade btc <>altcoin). The problem with decentralized exchange (FIAT side) is that the fiat money are too big problematic due the chargeback possibility, the stolen of bank, credit card etc....

Decentralized exchanges can be even more risky. Look at what happened to Silk Road 2.0, which was a decentralized market place. Hackers stole the credentials of sellers with good reputation, and then used these accounts to scam ordinary users.
full member
Activity: 185
Merit: 100
April 06, 2015, 06:33:17 AM
#29
Bitcoin was in the news, and on the radio a lot. That's why people were searching it.

Yeah people are too much interested about bitcoin.
member
Activity: 117
Merit: 10
April 06, 2015, 05:52:09 AM
#28
Well there is no doubt that interest in Bitcoin would skyrocket if major corporations were to adopt it, in particular those companies that deal with young people. For instance if Playstation, Xbox, Facebook, Google Play etc were to incorporate Bitcoin into their systems, interest in BTC would just explode.

I respectfully disagree. Let's say Google starts to accept BTC. It'll make the news and all, but so what? People are still going to do business with Google using their credit card, Paypal, Google card, or whatever. What's the incentive for any of Google's customers to switch to BTC instead of some electronic form of fiat? It's almost like if some other company starts up a Paypal competitor and called it SuperPayMeNow. Why would people switch to SuperPayMeNow instead of what they've been using for years? Maybe this new payment system charges less fees to the merchant. Maybe merchants will offer customers a small discount. But I just don't think these small incentives are enough.

member
Activity: 117
Merit: 10
April 06, 2015, 05:43:20 AM
#27
If you're waiting on wall street, it has to be a financially sound investment.  Even more so than traditional investments.
It may take a while because wall street wants to see less volatility and steady and somewhat predictable growth. If you are a large investor who typically gets 12% return, why would you choose Bitcoin over something else?
legendary
Activity: 1778
Merit: 1043
#Free market
April 06, 2015, 05:33:21 AM
#26
many hole in the security aren't bitcoin fault, it's because of the incompetence of some exchange, cough gox, bitstamp cough, or general people that don't know how to protect their desktop

i never lost any bitcoin due to thieves

Exchanges such as Bitstamp are well known for their security features. So you can't brand all of them as being incompetent. Even here in Bitcointalk, I have seen very intelligent people losing their coins. You need some luck as well, to protect your coins from thieves.

Maybe in the next few years these exchange will drop and a few new "decentralized" exchange will be created (only to trade btc <>altcoin). The problem with decentralized exchange (FIAT side) is that the fiat money are too big problematic due the chargeback possibility, the stolen of bank, credit card etc....


These exchangers are both positive and negative for the bitcoin ecosystem and the mainstream adoption
legendary
Activity: 3766
Merit: 1217
April 06, 2015, 04:51:49 AM
#25
many hole in the security aren't bitcoin fault, it's because of the incompetence of some exchange, cough gox, bitstamp cough, or general people that don't know how to protect their desktop

i never lost any bitcoin due to thieves

Exchanges such as Bitstamp are well known for their security features. So you can't brand all of them as being incompetent. Even here in Bitcointalk, I have seen very intelligent people losing their coins. You need some luck as well, to protect your coins from thieves.
legendary
Activity: 3248
Merit: 1070
April 06, 2015, 04:42:57 AM
#24
banks also are not that secure(there were many case of stolen money all over the world), they aren't so much different then current bitcoin situation, yet people keep trust them, so it's a matter of habit than anything else

I agree that banks are not that secure. But banks deal with trillions of USD worth of fiat every day, and only a few millions get stolen. Compare that to Bitcoin. Some 15% of all the Bitcoins in circulation has been stolen over the last 15 months.

many hole in the security aren't bitcoin fault, it's because of the incompetence of some exchange, cough gox, bitstamp cough, or general people that don't know how to protect their desktop

i never lost any bitcoin due to thieves
legendary
Activity: 1932
Merit: 1042
https://locktrip.com/?refId=40964
April 06, 2015, 04:27:40 AM
#23
Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

Secondly, we have utterly failed to educate the public on the advantages of bitcoin. We talk about bitcoin technology and how it is the "internet of money" but as a day to day thing people know very little about it and even less about how to actually use it. I place blame primarily on the bitcoin foundation for that. They are supposed to be our voice to the world but all they seem to do is enrich themselves and allow corrupt individuals to create some token credibility by selling them memberships.  

+1 to this. I have a feeling that most of community sits on their hands and waits for the price to go up. This is not gonna happen without strong promotion and involvement of all of its members. Regarding fraud, I ve already stated my position about this. Bitcoin needs a system/agency/legislation which would provide a consumer protection function. In other words, somebody you can ask for help if you get scammed when dealing with BTC.

sorry but....
i think bitcoin it is fighting right this...
i repeat...
decentralization is what bitcoin must reach!
legendary
Activity: 1148
Merit: 1000
April 06, 2015, 04:16:27 AM
#22
Well there is no doubt that interest in Bitcoin would skyrocket if major corporations were to adopt it, in particular those companies that deal with young people. For instance if Playstation, Xbox, Facebook, Google Play etc were to incorporate Bitcoin into their systems, interest in BTC would just explode.
legendary
Activity: 3766
Merit: 1217
April 06, 2015, 04:06:10 AM
#21
banks also are not that secure(there were many case of stolen money all over the world), they aren't so much different then current bitcoin situation, yet people keep trust them, so it's a matter of habit than anything else

I agree that banks are not that secure. But banks deal with trillions of USD worth of fiat every day, and only a few millions get stolen. Compare that to Bitcoin. Some 15% of all the Bitcoins in circulation has been stolen over the last 15 months.
legendary
Activity: 3248
Merit: 1070
April 06, 2015, 12:58:01 AM
#20
It might really go places once people are bright enough to separate the scum from the technology. That'll be a slow and steady process which may well never happen, but you never know.

Hmm... even exchanges with very high security levels such as Bitstamp have been hacked and their coins stolen. It will happen for the foreseeable future, and Bitcoin's reputation will continue to go down the drain.

banks also are not that secure(there were many case of stolen money all over the world), they aren't so much different then current bitcoin situation, yet people keep trust them, so it's a matter of habit than anything else
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
April 06, 2015, 12:51:30 AM
#19
Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

Secondly, we have utterly failed to educate the public on the advantages of bitcoin. We talk about bitcoin technology and how it is the "internet of money" but as a day to day thing people know very little about it and even less about how to actually use it. I place blame primarily on the bitcoin foundation for that. They are supposed to be our voice to the world but all they seem to do is enrich themselves and allow corrupt individuals to create some token credibility by selling them memberships.  

+1 to this. I have a feeling that most of community sits on their hands and waits for the price to go up. This is not gonna happen without strong promotion and involvement of all of its members. Regarding fraud, I ve already stated my position about this. Bitcoin needs a system/agency/legislation which would provide a consumer protection function. In other words, somebody you can ask for help if you get scammed when dealing with BTC.
legendary
Activity: 3766
Merit: 1217
April 05, 2015, 11:32:34 PM
#18
It might really go places once people are bright enough to separate the scum from the technology. That'll be a slow and steady process which may well never happen, but you never know.

Hmm... even exchanges with very high security levels such as Bitstamp have been hacked and their coins stolen. It will happen for the foreseeable future, and Bitcoin's reputation will continue to go down the drain.
legendary
Activity: 1932
Merit: 1042
https://locktrip.com/?refId=40964
April 05, 2015, 02:00:33 PM
#17
Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

You are 100% correct. See what happened with the Mt Gox robbery. Some $500 million worth of coins and tens of millions of USD in cash were stolen. Tens of thousands of people lost their life savings, including some of the earliest adapters of Bitcoin.


It might really go places once people are bright enough to separate the scum from the technology. That'll be a slow and steady process which may well never happen, but you never know.


I really hope that all the bitcoin community, the foundation first, focuses on the development of the protocol bitcoin improving it and continuing to innovate, but that focuses equally on the spread of knowledge of bitcoins to bring more people to this technology.
People who have less knowledge must necessarily be educated by those who have more.
It will be very long and maybe tiring ....
but at the end I'm sure that the protocol will become a worldwide standard.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
April 05, 2015, 01:56:41 PM
#16
Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

Secondly, we have utterly failed to educate the public on the advantages of bitcoin. We talk about bitcoin technology and how it is the "internet of money" but as a day to day thing people know very little about it and even less about how to actually use it. I place blame primarily on the bitcoin foundation for that. They are supposed to be our voice to the world but all they seem to do is enrich themselves and allow corrupt individuals to create some token credibility by selling them memberships.  
Firstly, fraud will be always part of bitcoin world. People are just too lazy to understand that they can protect themselves from scammers and fraudsters. Evolution black market had anti scam protection system installed and guess what? People didn't use it because they were too lazy to do it. Secondly blaming bitcoin and link it with child porn or ISIS is like blaming gun factory for all death caused by their guns because people use it in a wrong way.
legendary
Activity: 1932
Merit: 1042
https://locktrip.com/?refId=40964
April 05, 2015, 01:54:59 PM
#15
Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

i'm with you...
but remeber...
mt-gox, bitstamp and other story there was just for human error or unsuitability, superficiality.
Not for bitcoin security flaw...

Secondly, we have utterly failed to educate the public on the advantages of bitcoin. We talk about bitcoin technology and how it is the "internet of money" but as a day to day thing people know very little about it and even less about how to actually use it. I place blame primarily on the bitcoin foundation for that. They are supposed to be our voice to the world but all they seem to do is enrich themselves and allow corrupt individuals to create some token credibility by selling them memberships.  

for each type of change always are taken 2 factors:
one that offers a new standard, and one that is willing to use it.
Probably, a few people have understood the importance of decentralization.
The community should engage much in spreading the real innovations introduced by bitcoin.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
April 05, 2015, 01:53:26 PM
#14
Bitcoin has two major issues to overcome. The first is the fraud. People have lost their life savings to places like BTC trader and PB mining et al. All of the ponzi schemes and outright thefts scare people away faster than any media spun story about Isis or child pornography being related to bit coin.

You are 100% correct. See what happened with the Mt Gox robbery. Some $500 million worth of coins and tens of millions of USD in cash were stolen. Tens of thousands of people lost their life savings, including some of the earliest adapters of Bitcoin.


It might really go places once people are bright enough to separate the scum from the technology. That'll be a slow and steady process which may well never happen, but you never know.


legendary
Activity: 1932
Merit: 1042
https://locktrip.com/?refId=40964
April 05, 2015, 01:45:42 PM
#13
Bitcoin is extremely undervalued right now. One of the reasons might be that the reputation of Bitcoin is tarnished beyond repair, due to various scandals such as Mt Gox, Silk Road,  Silk Road 2.0, Sheep Marketplace.etc. Another reason might be an oversupply of coins. This might be caused by some thieves dumping huge amount of coins (can be the Mt Gox thief, or the SMP thief).

i do not know if the reason might be an oversupply of coins...
but for sure exchange do an increase of money supply...
do you know fractional reserve???

http://en.wikipedia.org/wiki/Fractional-reserve_banking
legendary
Activity: 1932
Merit: 1042
https://locktrip.com/?refId=40964
April 05, 2015, 01:43:45 PM
#12
The interest in Bitcoin is stagnant from exactly one year!
Just do a google trend research...
What would you think it is needend to comeback interest on Bitcoin???

Interest in bitcoin has grown for the past year. We cannot judge the interest in bitcoin by its price.

I was reading a review yesterday about bitcoin's "performance" last month:
https://bitcointalksearch.org/topic/04-03-2015-looking-back-on-march-a-month-in-review-1011563
(Looking Back On March: A Month In Review)

There are encouraging news all around the world and they get brushed aside because price hasn't risen. I truly believe bitcoin could be successful at any price level, $200 or $800, as long as price is stable.

He isn't judging interest by price. He is judging by how many people search for it on Google.

you get it Enjorlas.
i'm speaking about lose in bitcoin interest from peoples...

i hope this is not just for the bitcoin downtrend.
here there are a lot of people who trust in this tecnology...
for example.. there are a lot of people who are mining with a slight loss, just to contribute to the maintenance of the blockchain...
and this is just one example...
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