Topic: Bitcoin’s future depends on public acceptance - page 2. (Read 4170 times)
Every brand/product depends on public acceptance.
Either that or "only the black market matters", one of those two possibilities...
If the public doesn't participate in black markets, then who does?
I think in this context "the public" implies mainstream adoption, no?
Yes, that's what makes it ridiculous.
To rephrase the headline "Bitcoin's popularity depends on its popularity"
How can the public accept bitcoin? They dont even know what it is!
sad but true
They'll know what it is eventually. Just keep telling people about it and promoting it and they'll get it eventually.
people acceptance is the fundamental significance, so it's obvious, isn't it?
Either that or "only the black market matters", one of those two possibilities...
If the public doesn't participate in black markets, then who does?
I think in this context "the public" implies mainstream adoption, no?
bitcoin could just be bought by longterm wealth investors and be completely hated/ignored by the general populous and it would still succeed..
we are talking about a savings asset that is better than gold in every way.
we are talking about a savings asset that is better than gold in every way.
Most people dont see the reason why they should invest in btc because they are clueless about the incoming fiat crisis.
Did people really need to know much about credit card processing to successfully use a credit card? In fact, I think it is the ignorance about the USD (FRN) and credit cards that has allowed them to be adopted quicker. I didn't understand how websites worked, or how email worked, but I could surf and send porn, and you didn't have to show me twice.
Why is it always a "future depends" nuclear option? Like if it doesn't go to the moon tomorrow, it's all over.
Why is it always a "future depends" nuclear option? Like if it doesn't go to the moon tomorrow, it's all over.
A little obvious but this is an important point. Bitcoin users have to value educating newbies and pushing for adoption if Bitcoin is going to survive.
How can the public accept bitcoin? They dont even know what it is!
sad but true
Even we have wide range of merchants accepting bitcoins, we need public to accept it in order to create a supply and demand balance. can we imagine? we got tons of merchant cashing out their btc on and off but the people purchasing is just so limited ? i'm not sure if i put it in a way that is understandable. heh
The application that will fuel the next wave of the public acceptance of Bitcoin is sports betting. The Bitcoin versions may become more popular than using "bookies" or government sponsored betting. Even people who do not bet on sports will become aware of its advantages.
I agree with you, but I think that existing casinos will likely expand into sports betting, rather then new sports books start to pop up. People tend to bet a lot on sporting events and they would likely not want to trust new, unknown bitcoin sites with large amounts of money How can the public accept bitcoin? They dont even know what it is!
How can we reach worldwide recognition?
Thats the problem of the bitcoin peeps. They should know how to solve this.
Every product that involves money always dpends on public's acceptance.
Indeed. We need all these clueless people to start using Btc, the right reasons are there, we just need them to use it anyway.
How can the public accept bitcoin? They dont even know what it is!
How can we reach worldwide recognition?
It is true. Market value of any product or any service depend on public demand. Same to Bitcoin. If the demand of Bitcoin rise, the price will rise too.
The application that will fuel the next wave of the public acceptance of Bitcoin is sports betting. The Bitcoin versions may become more popular than using "bookies" or government sponsored betting. Even people who do not bet on sports will become aware of its advantages.
The public does not need to accept it yet, firstly we must be accepted by every major business and/or government
How can the public accept bitcoin? They dont even know what it is!
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