Bitcoins Everywhere? Not yet... - page 10.

splitups

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Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

The electronic stores and places were already the first ones to actually adopt it seriously, the biggest shops like amazon and ebay haven't, but it is going solid in that direction.
Physical adoption is minor right now, people don't change to new things quickly and would need time to adapt and take something offering better services than traditional [money], BTC does offer that for both consumers and merchants..

Zadicar

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Quote from: bitjoin on February 14, 2017, 12:29:13 PM

Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Online shopping will be the next step after online gambling. Then its down to the current banking industry if they want to provide services around bitcoin or fight it. There are many social change benefits, too many to list.

Agree theres too many to list since theres a lot of sections does bitcoin could possibly be used specially on online transactions and any other means which involve peer to peer transfers.if adoption would increase even more we could witness more on bitcoin development.

deisik

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Quote from: iram3130 on February 15, 2017, 07:23:40 AM

Well, not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen

I don't think it will help in any significant degree

I guess many online businesses are perfectly aware of Bitcoin and possibilities that accepting payments with it could provide. It seems that they don't accept Bitcoin because of two major reasons. First, Bitcoin is not accepted by most governments as a legal payment method for most merchants (barring exporters) since it is treated either as a commodity or foreign currency (which is usually not allowed as a legal payment). Second, Bitcoin price is volatile so it makes no particular sense for merchants to accept Bitcoin if they could just accept dollars

bering

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Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

foods stores should be the first because the main needs for human is foods and people could not survive without foods and if food stores in the entire world accept bitcoin as the payment i think it like dream comes true to bitcoin users because it makes bitcoin popular and maybe the government would regulated it

Roboabhishek

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Bitcoin is used in online shopping mostly and I suppose this is why satoshi invented this currency.
But most of the online shops like amazon didn't say yes to bitcoin yet

Blitzboy

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Yeah, it's not that I don't realise that bitcoin has played an extremely important role in some people's lives and it has made certain moves to develop over a long period, it's just that how bitcoin works is quite different from what we call fiat money. And people have got used to with fiat coin for ages and systems have been built based on fiat money so it's a daydream to say that bitcoin will completely replace fiat coin, at least for now.

paul gatt

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Yes, most people voted currencies Bitcoin is the future.
To turn Bitcoin becomes the currency of the future, first, it should we use in everyday transactions, namely buying and selling online. Online trading activities on the site will promote currency Bitcoin becomes more popular and more widely known. I think the online sales site is the best promotion of the moment.

iram3130

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Well, not yet. And it needs many more years to reach that point. Merchants are not understanding the profit of using Bitcoin as a payment gateway. Bitcoin need more advertisement and popularity in the business world to make that happen.

Xester

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Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Almost all spheres of life will adapt bitcoin. Bitcoins movement has no focus it is not fixed and in every sectors a small transaction that uses bitcoin is occurring daily. We have now schools, restaurants, charity, churches, taxi companies, hotels and others sectors in the society have started to accept bitcoin in the miniscule level. But possibly the major activities of bitcoin that will soon emerge will be the business sector and we are referring to commercial shopping centers.

citywise2

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Bit coin is fast growing everywhere now.
Yeah even in remote part of the world today have get the swear of btc.
Online transaction everywhere accept bit coin. So bit coin has an upper hand today.

bitcoinBee1

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Basically any place that accepts current money would accept bitcoin at some point if it reaches the point that its valued the same as money and trusted the same. Technology is progressing so digital cash is the cash of the future shops for sure

xuan87

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Yes bitcoin will be a great currency in the future, but it is still in the early stage of adoption, I think the main target of bitcoin will be e-commerce or online shop, purchasing things online using bitcoin has eliminate the used of identity and bitcoin has become global currency for online payment so I think bitcoin is very suitable for online purchasing that doesn't need the immediate confirmation

bravehearth0319

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Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Obviously, since Bitcoin has been categorize in online industry, well of course all online business in this world it will surely adapt the features concept of bitcoin, then it will be follow by the different remittances all around the world, and all banks too, together online shopping also.

fortunecrypto

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Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

online shopping is the best industry to dominate,this is a multi billion industry and Bitcoin dominate this industry,they are definitely arrived and served it's purpose,next is online banking another multi billion industry,but I don't know if it is possible.

Zadicar

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Quote from: Sniper44 on February 15, 2017, 04:26:00 AM

Quote from: vaxo_nba on February 15, 2017, 04:21:13 AM

Out of your opinions I can assume that soon bitcoin will be able to conquer web world and businesses related to internet but I strongly believe that it won't replace fiat in our everyday life aspects, such as bills, food, transport etc.

i think many others also agree on this. bitcoin can not conquer fiat world and replace it completely and will always remain option number two in the real world.

but it can easily replace fiat when it comes to online payment. because all the options we have in online payment are bad compared to bitcoin. they all lack security, privacy and if fees don't go high we can still consider bitcoin to be cheaper.

I dont think so that bitcoin would replace fiat in the future and even how bitcoin would progress it would really remain as an alternative and theres no chance to place on main currency because government will surely create their own e-currency thats why bitcoin couldnt be consider anytime.

Sniper44

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Quote from: vaxo_nba on February 15, 2017, 04:21:13 AM

Out of your opinions I can assume that soon bitcoin will be able to conquer web world and businesses related to internet but I strongly believe that it won't replace fiat in our everyday life aspects, such as bills, food, transport etc.

i think many others also agree on this. bitcoin can not conquer fiat world and replace it completely and will always remain option number two in the real world.

but it can easily replace fiat when it comes to online payment. because all the options we have in online payment are bad compared to bitcoin. they all lack security, privacy and if fees don't go high we can still consider bitcoin to be cheaper.

fuathan3

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No, the base of btc is internet,but still have many people cann't access to internet!

vaxo_nba

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Out of your opinions I can assume that soon bitcoin will be able to conquer web world and businesses related to internet but I strongly believe that it won't replace fiat in our everyday life aspects, such as bills, food, transport etc.

canah17

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Quote from: vaxo_nba on February 14, 2017, 12:20:25 PM

Most of the members consider bitcoin as major currency of future. Let us assume that it will be accomplished one day, but before that, I wonder which spheres of our everyday life will adapt bitcoin first?

Well if will happened our lives will change forever because of online shopping using bitcoin as cash and also you can easily pay easy to a restaurant or any kinds of eatery and the tax of your electricity will automatically get your amount of bitcoin and decrease it for taxation bitcoin can easily make your lifestyle easy and unstressful its even worth earning for Cheesy

bitcoin in the future will be glorious on accomplish everywhere you want Cheesy

and make life easy and good Cheesy

deisik

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Quote from: Kakmakr on February 15, 2017, 12:09:57 AM

A while ago, I would have said any sphere where cheap micro payment were used, but lately with the scaling problems and the spam attacks on the Blockchain increasing transaction fees, I think this is not applicable any more. SegWit and the Lightning network is not getting traction and that was supposed to solve the scaling problems.

Bitcoin will have to settle for a store of value and commodity trading to survive and this will not be sustainable when block rewards halving eliminates the block rewards over time

It will most likely affect miners, not Bitcoin as such

If mining (as we know it today) becomes no longer profitable (e.g. due to halving), miners will start leaving en masse. That would likely cause an avalanche effect with price dropping seriously, but after a few weeks the mining difficulty readjusts until it becomes profitable to find new blocks again (and thus support the Bitcoin network ticking). Ultimately, it may be possible to mine new blocks even on typical computers, so there shouldn't in fact be long-term issues with future reward halvings

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