Topic: Bitcoin user adoption is horrible - here is why: - page 2. (Read 6361 times)

If you would drink at least three coffee a day (at least) like then we're talking about 15 cents that go in fees every day (just for coffee!). I want BTC to be accepted but if we start using it on a daily basis right now we should pay a lot of fees.

Maybe Bitcoin as a payment medium is the wrong role for a Bitcoin? I personally see Bitcoin literally as a digital gold, a store of wealth not affected by governments or counterpartys. Maybe the focus should be on that rather that Bitcoin as payment processor. I still say a Bitcoin backed bank is what is needed, they who cares if they use fiat as a processor, as long as they have Bitcoin backing it up.


Getgems is a user friendly way to use crypto in my opinion, search for the app on the App Store.

Process of Bitcoin payments through Mycelium can't be simpler, it's just that people need wages in Bitcoin, and that's when things will star to move. Until then it can serve only as a store of value or speculation vehicle.

ok folks alot of people are saying buy bitcoin to get discount on products..

so bitcoin is $450
so 0.1btc is $45
so 0.01btc is $4.50

lets say a large coffee is $4.50
which shop would sell a cup of coffee for 0.09btc(receive direct/no middleman). for the retailer to keep or to then converts to fiat the same day only getting $4.05

remember retailers would only accept bitcoin if they got full value.. not 90%.. thats just worse then credit card fee's..

im sorry but that then ruins any reason for merchant adoption. and thus eventually ruins bitcoins usefulness.. all because some idiot wants a quick promotion ploy to cause a pump and dump.
and the idea of using middlemen so the retailer doesnt even realise bitcoin is the currency used, as its pre converted.. doesnt help merchant adoption either, as its not real adoption

the only reason purse.io give discount is because they buy cheap giftcards with atleast 20% discount, and its on the fiat side of getting cheap second hand giftcards that discounts are possible.. not the bitcoin part.

infact people can, without even bothering with bitcoin, buy these giftcards cheap using just fiat. never having to even think about bitcoin.

anyone with some actual proper idea's? you know.. idea's that can make bitcoin acceptance a unique offering that cant be done via fiat

Maybe it's all it takes for bitcoin to go mainstream; giving holders of bitcoin opportunity to spend them shows them that they indeed have a value that can
be spent. And it doesn't even matter that much that the user is using third party to pay for items/services, because every now and then you will get certain
user that will then start using bitcoin as point of store of value - which is really what is causing bitcoin to be worth more.

But we are not seeing much direct adoption, all we see is another bitcoin processor being used by some service.
This state of over complicated interaction between clients vs. services and merchants need to be cleared out somehow.

oh, c'mon! Do you really think 5 cents makes a big difference? I don't think so.

If we all want Bitcoin to be accepted more widely we should be ready to sacrifice a bit at least IMO and 5 cents is not a big sacrifice.

I see what you mean but that is not so straightforward: I proposed to several merchants to start accepting BTC for their own good and to avoid to give their blood to MC/VISA etc.
But man, they are still afraid that BTC is used by terrorists... You see what the media do?

I agree that there are to many gears in this process, but we have to start somewhere and until there are active methods of adapting Bitcoin with easier steps, we have to got through the trial and error stages of this all.

I think you'll find merchants would give you discount to pay in bitcoin.  Lot of gas stations give cash discounts, the credit card fees are built into the prices, don't think your not paying them.

I would rather give .5 to a miner, give more money to the merchant and keep 3% away from the bank regardless.

Lazy is a big factor. I live in a city where parking is at a premium. I will pay $20 to park in the building I'm going to rather than walk two blocks for a $17 savings.

well i do agree to you that this is really horrible.
but i think they just want to promote bitcoin.
but they are just not doing the right thing.
well still their doing their own advertising.

It is not slow, but steady.
It doesn't mean that if companies start paying salaries, then we may think that Bitcoins are adopted. It needs a lot more than this, it needs to become mainstream, needs to be used everywhere as money so to get seen and get the significance it needs.

It ain't a bad thing I guess, if we see more and more mediators...
These are just trying to just spread the word, not like us who are common man and can't spread the word out a lot...
They have the ability to do so, so you can't say its adoption ain't a good thing...

i don't think so, it's not about knowing or not, it's about incentivate them to use bitcoin in some way

one is a discount the other is regualtion, another one is security, another one is merchants accept bitcoin

it's a common misconception that adoption should start from average joe as i see it...

The user experience can do with some work, but think about what was possible three years ago with bitcoin. Not much. We've come a long way in a few short years and what interests and motivates us at Magnr is the fact that there is so much room for improvement.

Purse.io is another example of one of these companies, their discounts incentivise people to learn their process which can take some getting used to, but will improve in the future.

In buying a coffee with BTC my main concern will be to have to pay at least 5 cents for a transaction fee.
By paying with card the merchant pays the fee while paying with BTC we pay the fees. I think that's the main adoption problem in buying a coffee with my bitcoin

The adoption of bitcoin is slow, but it will be faster as many more people know the bitcoin. I expect several companies will pay staff salary with bitcoin soon.

True - you can't pay for your coffee with gold, either, and nobody is complaining about it.

Bitcoin adoption is slow, not horrible. We have more merchants accepting bitcoin than a couple of years ago. There is nothing you can't buy with cash, credit card and PayPal. Bitcoin need to penetrate those markets. It takes time.