Topic: Bitcoins Everywhere? Not yet... - page 3. (Read 8414 times)
In the present era, Bitcoin, the fastest growing cryptocurrency, with its magic wand, converting millions of people into bitcoiner. Despite of the fact, bitcoin is not everywhere, it is still a internet money only, where you can sell or buy bitcoin, according to your profit but the increasing valuation of bitcoin, which is about $10k, signifies the very great scope for the bitcoin money, where people could do transactions for their daily life product with the bitcoin, and I could say with no wonder that I coming time, bitcoin would be used as money for having transactions.
All online shops and online based companies with terms or payment of credit items via internet ...
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?
Yes not yet. The world is still adjusting in technologies where some countries are still not allowing bitcoin in their country because of the fear of it may be the rival of their own currency. In cities it can be more popular because of developing technologies wherein people will always find new things about technology and on the internet. May 8n the near future some countries will completely adapted the bitcoin and make it as their currency (crypto currency).
you're tired of having to convince people around you that Bitcoin and Blockchain are technologies that have come to help the human being in his odyssey on planet Earth, you should look for cities where the digital currency is most naturally seen . San Francisco, New York, and London are good examples of cities in which Bitcoin is beginning to be part of the everyday lives of many people. The Nomad List, a site that lists the best cities to live and work remotely using a series of metrics such as income, safety, air quality, and internet speed, listed cities that are more Bitcoin-friendly.
For me, bitcoin is "almost" there in terms of usage and will be mass adopted slowly. There are still issues that need to be resolved however, like the block size, the transaction fees. With that said, if those issues mentioned are resolved price the prices of bitcoin stabled, I think bitcoin will be everywhere then.
The future already came true. Look at how this currency has evolve Bitcoin has already been adapt with our daily lives it is already supported in some online stores in the web.
You can use it to buy some personal necessities, use it as payment to your internet provider, pay bills, buy gadgets or buy game credits your call.
And this doesn't stop here, in the future well see some innovations in bitcoin but first it needs to solve its current problems first.
You can use it to buy some personal necessities, use it as payment to your internet provider, pay bills, buy gadgets or buy game credits your call.
And this doesn't stop here, in the future well see some innovations in bitcoin but first it needs to solve its current problems first.
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. None physical services like subscriptions to ISP for internet cellphones etc etc. Will then move on to ordering online pyhical items and it will just roll on from then. More and more places will start accepting it in fear of being left behind and they need btc customers too they would not turn down money in any form.
no its not everywhere right now. may be after 5 more years we will have bitcoin bitcoin in everyone's mouth instead of dollar or whatever we have and local newspaper will have pe to display bitcoin's exchange rate like other currencies.
It would take 5 years or more before the bitcoin will totally grow and be known by almost all people.Little by little, day by day, more people get involved and become curious about bitcoin especially those interested in trading.
Hoping so that it would be displayed like other currency but the tendency for that is that the government might wanting to hold the bitcoin price.
no its not everywhere right now. may be after 5 more years we will have bitcoin bitcoin in everyone's mouth instead of dollar or whatever we have and local newspaper will have pe to display bitcoin's exchange rate like other currencies.
Bitcoin has so much potential that it could be applied to almost everything. I think before anything else bitcoin could be a good way of paying salaries of employees due to its underlying technologies. For instance, the smart contract offers a great deal of improvement for employees making sure that they receive their salaries sufficiently and on time.
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. None physical services like subscriptions to ISP for internet cellphones etc etc. Will then move on to ordering online pyhical items and it will just roll on from then. More and more places will start accepting it in fear of being left behind and they need btc customers too they would not turn down money in any form.
Problem a lot merchants are facing is that they aren't familiar with how things work here in the Bitcoin world. They just look at the volatility and completely lose all interest in having Bitcoin as payment option within their business. If they knew that services such as BitPay exist, then they would see that there is no need to be afraid of the volatility anymore. Being charged just 1% per transaction is peanuts compared to what Visa and MasterCard are charging. Definitely an added benefit
I don't really think that big online retailers like Amazon, Wal-Mart, iHerb, etc, are not familiar with these services. I guess their neglect of Bitcoin is primarily based on three points. First, they are too big while Bitcoin user base is, consequently, too small for them to bother about it. Second, the services you are talking about don't quite match their caliber either. They are mostly using Visa (and cronies) as well as PayPal as the payment processors for online purchases. And third (and this might be a decisive factor), there is no more or less established regulation of Bitcoin across different countries. I mean in some of them Bitcoin is effectively considered as an illegal means of payment, say, in China (though not outright prohibited), so it would give them a lot headache from the legal side of the matter
In short, Bitcoin is not yet quite on par with its bigger competitors (in respect to online businesses, at least)
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?
Since online world is obviously the main line of bitcoin transactions then all online related things associated with our daily life will be the one who will get the most of it. It will include online shopping (which actually present now), online payments (e.g bills, fees, reloads etc), money transfers (local, foreign and everything about remittances) and many more.
After that I think electronical payment or e-payment will be the next one and that will include physical payments such as when you buy at groceries, payments at physical shop or merchants, mall shopping, restaurant or mini cafe etc, transportation etc.
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. None physical services like subscriptions to ISP for internet cellphones etc etc. Will then move on to ordering online pyhical items and it will just roll on from then. More and more places will start accepting it in fear of being left behind and they need btc customers too they would not turn down money in any form.
Problem a lot merchants are facing is that they aren't familiar with how things work here in the Bitcoin world. They just look at the volatility and completely lose all interest in having Bitcoin as payment option within their business. If they knew that services such as BitPay exist, then they would see that there is no need to be afraid of the volatility anymore. Being charged just 1% per transaction is peanuts compared to what Visa and MasterCard are charging. Definitely an added benefit.
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. None physical services like subscriptions to ISP for internet cellphones etc etc. Will then move on to ordering online pyhical items and it will just roll on from then. More and more places will start accepting it in fear of being left behind and they need btc customers too they would not turn down money in any form.
I believe Bitcoin is in every country but as to whether it is everywhere(inner city's, hinterlands, ghettos, etc.) I can't tell because it wouldn't be possible to even distribute bitcoins everywhere since there are just about 21 million bitcoins in the world minus the lost ones and Satoshi's cut.
Yes, exactly, one of the reason of why bitcoin is not yet everywhere it is because we only have few millions of it compare to the population of the world, but not only that it is also because we have lack of introducing bitcoin everywhere, and the limit of accessing bitcoin everywhere. Because the number of bitcoin can be increase once demand rises, producing coins will be follow.
yes for now bitcoin is not everywhere yet like you said it's because not all people know about it
and for your question what the kind of everyday life needs which will adapt bitcoin
the answer is gambling, everyday bitcoin user who love gambling will use it to gambling and the second is online shop
It's not because only that, most of the people still prefer using fiat over bitcoins even though they actually know about bitcoin and there might be a lot of reasons for that... First of all, fiat payments are accepted everywhere so you don't have to bother searching for special shops or something, moreover governments some time are against bitcoins so people are scared to use it. I think we just need some more time and bitcoins will be everywhere and people will use it all the time instead of fiatand for your question what the kind of everyday life needs which will adapt bitcoin
the answer is gambling, everyday bitcoin user who love gambling will use it to gambling and the second is online shop
Fiat is an abstract concept as such
There is no just fiat, it is always a certain currency (e.g. US dollars, euro, British pounds, etc). If you are using a local currency (whatever it might be), you typically won't have any issues with buying usual daily stuff. But if you are traveling around the world, converting one fiat currency to another may give a lot of headache (if not butthurt), and this is where Bitcoin shines. You can access your bitcoins from virtually everywhere and convert them to whatever currency you may need at the moment. Basically, only the US dollar comes close to being more or less universally accepted across most countries
I believe Bitcoin is in every country but as to whether it is everywhere(inner city's, hinterlands, ghettos, etc.) I can't tell because it wouldn't be possible to even distribute bitcoins everywhere since there are just about 21 million bitcoins in the world minus the lost ones and Satoshi's cut.
Yes, exactly, one of the reason of why bitcoin is not yet everywhere it is because we only have few millions of it compare to the population of the world, but not only that it is also because we have lack of introducing bitcoin everywhere, and the limit of accessing bitcoin everywhere. Because the number of bitcoin can be increase once demand rises, producing coins will be follow.
yes for now bitcoin is not everywhere yet like you said it's because not all people know about it
and for your question what the kind of everyday life needs which will adapt bitcoin
the answer is gambling, everyday bitcoin user who love gambling will use it to gambling and the second is online shop
It's not because only that, most of the people still prefer using fiat over bitcoins even though they actually know about bitcoin and there might be a lot of reasons for that... First of all, fiat payments are accepted everywhere so you don't have to bother searching for special shops or something, moreover governments some time are against bitcoins so people are scared to use it. I think we just need some more time and bitcoins will be everywhere and people will use it all the time instead of fiat. and for your question what the kind of everyday life needs which will adapt bitcoin
the answer is gambling, everyday bitcoin user who love gambling will use it to gambling and the second is online shop
I believe Bitcoin is in every country but as to whether it is everywhere(inner city's, hinterlands, ghettos, etc.) I can't tell because it wouldn't be possible to even distribute bitcoins everywhere since there are just about 21 million bitcoins in the world minus the lost ones and Satoshi's cut.
Yes, exactly, one of the reason of why bitcoin is not yet everywhere it is because we only have few millions of it compare to the population of the world, but not only that it is also because we have lack of introducing bitcoin everywhere, and the limit of accessing bitcoin everywhere. Because the number of bitcoin can be increase once demand rises, producing coins will be follow.
Well if you don't know what to do with your bitcoins you can exchange them for fiat currency right? I have a few bitcoins and sometimes I exchange a bit of them to pay for the bills and groceries and stuff like that. Most of them I keep in my wallet for long time investment.
Jump to: