Topic: Bitcoin’s future depends on public acceptance - page 4. (Read 4170 times)
XYZ's future depends on public acceptance
Of course, this is very obvious. Every currency needs to be accepted by people in order to work properly. If a currency isn't accepted, it effectively loses its value! If people can't expect others to buy their bitcoin after some time has passed, why should the invest in Bitcoin to begin with?
Bitcoin cannot really succeed without the public acceptance. We are getting there little by little, but everything rides on the bitcoin economy continuing to grow. It is pretty self explanatory why...
We basically want it to be an additional payment option at everywhere that we are spending money...
We basically want it to be an additional payment option at everywhere that we are spending money...
of course it does, because they are the one's who will be using it...
Of course. Bitcoin can't survive being a speculative instrument alone.
But higher merchant adaptation doesn't mean the price will go up automatically.
it will need to be used by more people, merchants accepting it wont raelly make much of a difference at this point.
but places like newegg that put stuff on sale for 30% off when you pay with bitcoin that will get normal people into it
Of course. Bitcoin can't survive being a speculative instrument alone.
But higher merchant adaptation doesn't mean the price will go up automatically.
still bitcoin is not yet accepted by mainstream and more work needs to be done for that
Expectations for adoption speed are just unrealistically high
We are a good 5 to 10 years away from large scale, ubiquitous adoption
We are a good 5 to 10 years away from large scale, ubiquitous adoption
Bitcoin is not ready for mainstream yet. It is common that emerging technologies are adopted by entrepreneurs and so-called "geeks" first. These are the ones that provide the necessary tools and features that the mainstream needs to join the new technology.
There is no need to worry. We are simply in the earliest stages of adoption.
ya.ya.yo!
There is no need to worry. We are simply in the earliest stages of adoption.
ya.ya.yo!
It is true, bitcoin does need to be accepted by more for it to go further however I fear that the bad press it can sometimes get can lower people's trust in bitcoin therefore lowering the public acceptance which is a shame. It's something I feel we have to over ride though and try and get the word out there that bitcoin is not as bad as many make it out to be.
The original artcle is here: http://www.usatoday.com/story/money/business/2014/09/02/baverman-bitcoin/14728425/
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