Bitcoin is becoming less and less adopted... - page 2.

URSAY

legendary

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Quote from: Come-from-Beyond on September 06, 2013, 01:33:50 AM

Almost every newborn becomes a user of fiat currencies. Bitcoin must become a national currency to be able to compete.

I'm about to become an uncle. Can you open a bank account for a person that does not yet exist?

No need to find out...

I've already gifted him a cold storage address with btc attached.

Don't be afraid. Wink

Come-from-Beyond

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Newbie

Quote from: franky1 on September 06, 2013, 02:30:56 PM

in 2011 only a thousand legit merchants were known about.
in 2012 bitpay released more figures and other merchants appeared (5k merchants+)
in april 2013 foodler adopted bitcoin, that alone adopted 12k+ fastfood/restaurants into the bitcoin ecosystem. plus many other merchants coming forward too.

also in 2013 news media has finally shaken off that dusty cloth covering its eyes about bitcoin only being a blackmarket coin. and has had a sudden burst of positive media/press stories about bitcoin, causing alot more attention and adoption.

so so where is the slow down?

No slow down but the rest of the world grows faster.

Quote from: phillipsjk on September 06, 2013, 03:37:33 PM

If you select the log scale you will see the trend-line shows the number of Bitcoin users doubling every year. I am fairly certain the world population is growing at slower rate. Looks like there was a large peak in the spring. They'll be back.

Where could I see these numbers?

phillipsjk

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Let the chips fall where they may.

Quote from: Come-from-Beyond on September 06, 2013, 12:30:23 PM

True bitcoiners follow the advice of Mr. Nakamoto and use a new address each time, so it's hard to assess real numbers. But let's assume that each day roughly 100'000 new users join us (110k is the extremum on http://blockchain.info/charts/n-unique-addresses). Today the world population has been increased by 200'000 persons (350k born, 150k died). Tomorrow 200k will become 201k, then 202k and so on. Each day number of NON-bitcoiners becomes higher. Looks like a Zeno's paradox, doesn't it? Wink

If you select the log scale you will see the trend-line shows the number of Bitcoin users doubling every year. I am fairly certain the world population is growing at slower rate. Looks like there was a large peak in the spring. They'll be back.

franky1

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in 2011 only a thousand legit merchants were known about.
in 2012 bitpay released more figures and other merchants appeared (5k merchants+)
in april 2013 foodler adopted bitcoin, that alone adopted 12k+ fastfood/restaurants into the bitcoin ecosystem. plus many other merchants coming forward too.

also in 2013 news media has finally shaken off that dusty cloth covering its eyes about bitcoin only being a blackmarket coin. and has had a sudden burst of positive media/press stories about bitcoin, causing alot more attention and adoption.

so so where is the slow down?

Come-from-Beyond

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Newbie

Quote from: Zangelbert Bingledack on September 06, 2013, 09:39:56 AM

Percentage-wise (the only relevant measure), Bitcoiners are growing much faster than global population.

True bitcoiners follow the advice of Mr. Nakamoto and use a new address each time, so it's hard to assess real numbers. But let's assume that each day roughly 100'000 new users join us (110k is the extremum on http://blockchain.info/charts/n-unique-addresses). Today the world population has been increased by 200'000 persons (350k born, 150k died). Tomorrow 200k will become 201k, then 202k and so on. Each day number of NON-bitcoiners becomes higher. Looks like a Zeno's paradox, doesn't it? Wink

marcovaldo

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Quote from: Zangelbert Bingledack on September 06, 2013, 09:39:56 AM

Percentage-wise (the only relevant measure), Bitcoiners are growing much faster than global population.

Global population is always 100% Roll Eyes

What do you mean? OP said the opposite: the ratio is decreasing

terman45x

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Quote from: knight22 on September 06, 2013, 09:29:02 AM

Quote from: terman45x on September 06, 2013, 09:25:11 AM

Quote from: knight22 on September 06, 2013, 09:20:38 AM

Correct me if I’m wrong but these charts don’t even consider offchain transactions from https://inputs.io
So the real numbers are even greater

These inputs.io numbers are negligeable Tongue

You think so? Is there any stats somewhere about this site?

If there are, these can be inflated at TradeFortress will

Zangelbert Bingledack

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Percentage-wise (the only relevant measure), Bitcoiners are growing much faster than global population.

marcovaldo

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You can ask TF about it but it is probably secret.

knight22

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--------------->¿?

Quote from: terman45x on September 06, 2013, 09:25:11 AM

Quote from: knight22 on September 06, 2013, 09:20:38 AM

Correct me if I’m wrong but these charts don’t even consider offchain transactions from https://inputs.io
So the real numbers are even greater

These inputs.io numbers are negligeable Tongue

You think so? Is there any stats somewhere about this site?

terman45x

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Quote from: knight22 on September 06, 2013, 09:20:38 AM

Correct me if I’m wrong but these charts don’t even consider offchain transactions from https://inputs.io
So the real numbers are even greater

These inputs.io numbers are negligeable Tongue

knight22

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--------------->¿?

Correct me if I’m wrong but these charts don’t even consider offchain transactions from https://inputs.io
So the real numbers are even greater

The Bitcoin Catalog

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The Bitcoin Catalog ---> Get Started!

Quote from: Come-from-Beyond on September 06, 2013, 08:53:51 AM

Quote from: knight22 on September 06, 2013, 08:48:06 AM

From what I am seeing on the chart bellow, I see a clear uptrend of bitcoin usage in the network

Adoption ~~ number of unique addresses, not the number of transactions.

Right.
But the uptrend is the same

Come-from-Beyond

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Quote from: marcovaldo on September 06, 2013, 08:56:00 AM

Quote from: Come-from-Beyond on September 06, 2013, 08:52:47 AM

Number of addresses grows linearly, population grows exponentially. Hence their ratio goes towards zero.

Bitcoin was created in 2009, not 1950.
Since 2009, it changed. China took measures to reduce new borns...
Developped countries have a population which is decreasing...

I count all countries. The growth is still exponential. World War III would help to Bitcoin adoption, heh...

marcovaldo

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Quote from: Come-from-Beyond on September 06, 2013, 08:52:47 AM

Number of addresses grows linearly, population grows exponentially. Hence their ratio goes towards zero.

Bitcoin was created in 2009, not 1950.
Since 2009, it changed. China took measures to reduce new borns...
Developped countries have a population which is decreasing...

Come-from-Beyond

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Newbie

Quote from: knight22 on September 06, 2013, 08:48:06 AM

From what I am seeing on the chart bellow, I see a clear uptrend of bitcoin usage in the network

Adoption ~~ number of unique addresses, not the number of transactions.

Come-from-Beyond

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Newbie

Quote from: marcovaldo on September 06, 2013, 08:45:31 AM

You are lacking basic mathematics I think.

A / B

If A grows by 1 million and B grows by 20 it does not mean that the ratio will decrease or increase. It depends on the initial values ....
Roll Eyes

Number of addresses grows linearly, population grows exponentially. Hence their ratio goes towards zero.

knight22

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--------------->¿?

From what I am seeing on the chart bellow, I see a clear uptrend of bitcoin usage in the network

marcovaldo

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You are lacking basic mathematics I think.

A / B

If A grows by 1 million and B grows by 20 it does not mean that the ratio will decrease or increase. It depends on the initial values ....
Roll Eyes

johnyj

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Beyond Imagination

Bitcoin has a very deep learning curve, it is not meant for average housewife, but with people's knowledge of IT growing each year, more and more people will understand it. Without understanding, it is difficult to let people trust something that is not backed by a powerful entity

It is much easier to pursuade housewives by building a 70 floor financial center in the middle of city than some youtube video

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