Topic: Bitcoin mainstream adoption is coming - Adoption of technologies in the past - page 2. (Read 1354 times)

I really liked what you wrote here and would also think that somewhere between the next 5-10 years would be the adoption rate for BTCitcoin in general although it could happen even earlier since from the past 4 months, it been all over the news multiple times and there's a hype going over it now and nowadays when I got out and talk about BTCitcoin, they say: "Yeah, I've heard it already" (mostly) and some turn out to be a user themselves and they tell me: "Cool, your using it too (with happy face)" so it won't take long before more people using it and it's not like in the past that it was a total stranger to people but now mostly among mid generations, at least they have heard it somehow and that's what it counts. Chances that from the old generation only a small percentage use it all the way until the end (until they pass away) is high but it's mid generation that make it to have the biggest impact and adoption so that would be enough IMO to make it be adopted in general.

Facebook has a free send money service. Google Wallet is a free money service and can be used to shop online. PayPal is free(from what I see for average people doing).

Unless there is some huge security breach that wakes people up, why would any average person use it for anything? Just playing devils advocate

Did you know that TV was invented in 1926? Probably not because it took 26 years until 25% of the population used one! What is the TV used for today? You can watch movies on them, watch live TV, stream videos over the Internet, you can even talk to people across the world on a TV if you wanted to. 

Our modern technology is so interchangeable now. In 2005 if you wanted to Google something you ran to your desktop in the office and typed in www.google.com in a browser. Ask someone to Google something for you today a they'll whip out a smart phone.

The Internet came out in 1991. There were earlier versions of intranets etc. but let's just say the Internet has been around for 25 years now. A nice easy number. A quarter of a century. In the beginning people didn't A. Understand what it was or who ran it. B. What it was useful for. Look where it I today!

Really think about this for a minute. How many devises can you access the Internet with in your house? Yes I'm talking about the blu-ray player, your iPhone, your smart TV, Any computer, tablet or anything else. I have 9 devices that have 'Google' on them in my house. Some I would probably never use, but still. 9. I'm 1 of 2 people living in my household. Let's say I get my broken laptop in the basement working and we have 5 devices each that are capable to Google something. If that's all you could do with with Internet it would be so useful but that's not all that you can do. You can read or learn about anything you want to. You can watch videos, you can talk to people who you normally never would would met. These are all because of innovations with the Internet. What did you do with the Internet when you first got it? Compare that to today and how could you live without it? That's what Bitcoin will be at some point.

You know that older person in your life who refuses to use a computer/email? It's fairly obvious they won't be using Bitcoins in the next 10 years, if ever. So when we're talking about bitcoin adoption we're talking about us now and future generations. Your parents may use them later on but they'll probably be one of the last people to adopt. Your children and grandchildren will grow up in a world where Bitcoins have always existed.

Looking at this chart I would say we're either early adopters or visionaries. Our parents will most likely be skeptics once Bitcoin is mainstream.



It's hard to say where exactly we are on the chart right now but we're still far from being mainstream. Mainstream to me is walking into a building saying "Do you accept Bitcoin?" and they say "No. Sorry." so you walk out because you only have your smartphone on you.

Bitcoin isn't going away anytime soon. We have more and more people catching on every day. It's harder to put a number on the users because it's decentralized but comparing it to the internet or email would make the most sense. How many people use email? How many email addresses are there? How many people use the Internet worldwide? On how many devices? 

I believe bitcoin can and will become mainstream. Looking at the Internet from 1991 to today it's increased exponentially. This can happen with Bitcoins as well but we need to also innovate to have it become mainstream. We're lucky in the sense that we already have a very well-established Internet to work with. Literally anyone could open a bitcoin wallet right now with absolutely no credentials. 

When Bitcoins will go mainstream is up to us. It's up to how many people you talk to about Bitcoin. If you know it's so great just talk about it. If your friend was still sending out yet another letter overseas for $5 and complaining it took 2 weeks to get to his friend would you not suggest email, texting, Skype or anything else that's practically instant and virtually free?! Of course you would! Bitcoins are a win-win for a lot of people for a lot of different situations. We just have to show people that Bitcoins make sense in their everyday lives. My wife gets a little frustrated with me because I suggest it way too often for her transactions.

I'm hoping for mainstream adoption in ~10 years. I think it's realistic. What do you all think?