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Bitcoin will not go mainstream I guess, it's just interesting for some geeks and traders like us.
I consider myself a bitcoin intellectual, and I`m always wondering how can I help the bitcoin economy with my ideas, which I got plenty of. So I was thinking 2 days about why bitcoin (or for that matter other altcoins) is not mainstream yet, and what issues it needs to overcome to be able to grow faster. Some issues that I discovered are practical, while others need the entire community's support in order to work.
So here are the issues I discovered with bitcoin, it's economy, why it is not mainstream yet:
1) Lack of organized promotion campaigns
2) Lack of earning bitcoin methods & bitcoin jobs
3) Lack of a good guide to newbies
4) Lack of a bitcoin "search engine"
5) Lack of a major global financial-economic crisis
6) Lack of a more integrated & united community
7) Lack of social Idols promoting/endorsing/using their influence to help bitcoin
8] Lack of a stable lending system
So here are the issues I discovered with bitcoin, it's economy, why it is not mainstream yet:
1) Lack of organized promotion campaigns
2) Lack of earning bitcoin methods & bitcoin jobs
3) Lack of a good guide to newbies
4) Lack of a bitcoin "search engine"
5) Lack of a major global financial-economic crisis
6) Lack of a more integrated & united community
7) Lack of social Idols promoting/endorsing/using their influence to help bitcoin
8] Lack of a stable lending system
Nice summary of topics that bitcoin is lacking in order to achieve critical mass.
However most topics are about informing the general public about bitcoin and promoting its use cases.
These topics can be addressed by the community as identified by your list.
However; it will be mainly new businesses who see an opportunity in these bitcoin use cases and who will invest and promote their use case to the general public.
Significant sums of money spent on ongoing promotions over many years is what it will take. Whey else does AMEX, WU and other payment systems continue to spend hundreds of millions yearly. It is a process.
We should educate average internet users about bitcoin, advertise a lot....
no point teaching your grandparents about bitcoin until there is a userfriendly wallet and actaully a retailer for them to buy their knitting needles..
i think it is for the likes of coinbase and bitpay to really push retailers.. and for us to help them by searching out the email address of CEO's of shops we actually use. and ask the ceo about bitcoin.
i have done this to a few retailers and they have came on board.. all it takes is people to email companies.. then the company will see the demand and requests to help them decide.. then bitpay/coinbase can set them up without headaches..
only then when retailers are ready, will the average joe see 'use' of bitcoin.. and then advertising to average joe would be worth it
Bitcoin will become mainstream when ''big companies'' like paypal, Amazon, Google etc. accept bitcoin as payment option.
They will do it when many people ask them to add bitcoin as payment option.
So, we need many happy bitcoin users and many ''big'' companies which accept bitcoin.
How to achieve it, I don't know really.
We should educate average internet users about bitcoin, advertise a lot....
They will do it when many people ask them to add bitcoin as payment option.
So, we need many happy bitcoin users and many ''big'' companies which accept bitcoin.
How to achieve it, I don't know really.
We should educate average internet users about bitcoin, advertise a lot....
I agree with reason why bitcoin isn't mainstream yet, but i think there are 3 more reason why bitcoin isn't mainstream yet :
1. People know bitcoin from media, and media tell something bad which involved bitcoin. So people won't try to understand bitcoin because they heard bitcoin is always related with something bad or dangerous.
2. Using bitcoin is too complex for average people, and people don't want use something not simple. So, i think we need something to make bitcoin is easy to use.
3. People afraid with something new.
1. People know bitcoin from media, and media tell something bad which involved bitcoin. So people won't try to understand bitcoin because they heard bitcoin is always related with something bad or dangerous.
2. Using bitcoin is too complex for average people, and people don't want use something not simple. So, i think we need something to make bitcoin is easy to use.
3. People afraid with something new.
people who only care about a bitcoin-> fiat price rise think this is the order in which bitcoin will go mainstream
1)advertise to investors why bitcoin is good to hold
2)advertise legit/trust gateways/exchanges to buy bitcoin
3)hope retailers will jump onboard so that investors can then spend new profits away from exchanges..
yet people that understand bitcoin and want bitcoin as its own successful currency to never need FIAT again say this is the idea
1) advertise to retailers the benefits of accepting bitcoin
2) make bitcoin wallets userfriendly and easy/fast for customers to pay a retailer onchain or offchain
3) advertise to regular people that they can buy everything from toilet roll -> houses.. using this 'techy digitial gold thing'
i personally ignore anyone that only cares about the fiat price increase.. as they are missing the whole point of what bitcoin is or what 'mainstreaming' actually implies.
so lets concentrate on legit, secure, and insured wallets that users can pay to retailers superfast and easy. then show retailers how easy it is to set up an address and how much their customers will like paying with bitcoin
1)advertise to investors why bitcoin is good to hold
2)advertise legit/trust gateways/exchanges to buy bitcoin
3)hope retailers will jump onboard so that investors can then spend new profits away from exchanges..
yet people that understand bitcoin and want bitcoin as its own successful currency to never need FIAT again say this is the idea
1) advertise to retailers the benefits of accepting bitcoin
2) make bitcoin wallets userfriendly and easy/fast for customers to pay a retailer onchain or offchain
3) advertise to regular people that they can buy everything from toilet roll -> houses.. using this 'techy digitial gold thing'
i personally ignore anyone that only cares about the fiat price increase.. as they are missing the whole point of what bitcoin is or what 'mainstreaming' actually implies.
so lets concentrate on legit, secure, and insured wallets that users can pay to retailers superfast and easy. then show retailers how easy it is to set up an address and how much their customers will like paying with bitcoin
Damn I forgot about this thread 
Well I have to maintain it, so I added a point 8] Bitcoin lending.
It is also crucial to have a stable lending system (filtering out scammers), because its a good opportunity to increase the BTC economy & membership.
(Hopefully some entrepreneurs read my thread and absorb my ideas)
Well I have to maintain it, so I added a point 8] Bitcoin lending.
It is also crucial to have a stable lending system (filtering out scammers), because its a good opportunity to increase the BTC economy & membership.
(Hopefully some entrepreneurs read my thread and absorb my ideas)
I think the problem here is most people doesn't really care about what is really going on in the online world. It's like 70% of people who knows how to use the web doesn't even spend an hour in doing something productive. Most of them chooses to waste their time in social media that they don't even know what really is going on.
Another thing is bitcoins needs more investors in it. More advertising and a view on media. They might realize what they are missing if only they know the benefits.
Another thing is bitcoins needs more investors in it. More advertising and a view on media. They might realize what they are missing if only they know the benefits.
That is not the case, bitcoin can only get on the mainstream if it gets support from the governments of the countries, or else just forget it, everyone here is saying that mass adoption is required, that is true, mass adoption can only make value of bitcoin stable but it doesn't guarantees you that bitcoin will hit the mainstream, so the government support is most important if bitcoin wants to get on mainstream.
I think the problem here is most people doesn't really care about what is really going on in the online world. It's like 70% of people who knows how to use the web doesn't even spend an hour in doing something productive. Most of them chooses to waste their time in social media that they don't even know what really is going on.
Another thing is bitcoins needs more investors in it. More advertising and a view on media. They might realize what they are missing if only they know the benefits.
Another thing is bitcoins needs more investors in it. More advertising and a view on media. They might realize what they are missing if only they know the benefits.
Social media is a cancer to society, but its also a source of information or propaganda.
If bitcoin were to infiltrate more into social media groups, it could achieve a breakthrough success in marketing.
Target what they like: music, pop, friends, relationships, fun, etc.
Perhaps we also need some musicians, pop-stars endorsing bitcoin, it is business for them too, and it can help bitcoin adoption.
I added a point 7) to my suggestions, I forgot the social side!
it is a good read OP, well done. i agree especially with number 3 "Lack of a good guide to newbies" i feel like there should be better step by step tutorial to help a newbie get started with bitcoin by showing these steps:
1. making a secure wallet
2. buying
3. spending
the rest is just additional information that anybody interested in bitcoin technological detail can search and find along the way.
additionally, in my opinion one of the biggest issues that bitcoin is facing is its highly volatile price. and this is the biggest reason that would turn a lot of new users away from using bitcoin.
1. making a secure wallet
2. buying
3. spending
the rest is just additional information that anybody interested in bitcoin technological detail can search and find along the way.
additionally, in my opinion one of the biggest issues that bitcoin is facing is its highly volatile price. and this is the biggest reason that would turn a lot of new users away from using bitcoin.
Cool thanks for showing support.
So bitcoin has a volatile price? What do you suggest a central bank to "stabilize the price" (devalue it by printing counterfeit bitcoins)?
But seriously, bitcoin's price is becoming less and less volatile, the bigger the market cap, the harder it is to manipulate.
I believe that in 3-4 years the volatility will shrink to 1/10th of what it is now, or it will have only positive volatility (price increase).
This manipulation is only due to some mining cartels having some fun and pump & dump groups, but it wont last forever.
I think the problem here is most people doesn't really care about what is really going on in the online world. It's like 70% of people who knows how to use the web doesn't even spend an hour in doing something productive. Most of them chooses to waste their time in social media that they don't even know what really is going on.
Another thing is bitcoins needs more investors in it. More advertising and a view on media. They might realize what they are missing if only they know the benefits.
Another thing is bitcoins needs more investors in it. More advertising and a view on media. They might realize what they are missing if only they know the benefits.
it is a good read OP, well done. i agree especially with number 3 "Lack of a good guide to newbies" i feel like there should be better step by step tutorial to help a newbie get started with bitcoin by showing these steps:
1. making a secure wallet
2. buying
3. spending
the rest is just additional information that anybody interested in bitcoin technological detail can search and find along the way.
additionally, in my opinion one of the biggest issues that bitcoin is facing is its highly volatile price. and this is the biggest reason that would turn a lot of new users away from using bitcoin.
1. making a secure wallet
2. buying
3. spending
the rest is just additional information that anybody interested in bitcoin technological detail can search and find along the way.
additionally, in my opinion one of the biggest issues that bitcoin is facing is its highly volatile price. and this is the biggest reason that would turn a lot of new users away from using bitcoin.
Well nice spirit! I appreciate this.
Anyway, i have a criticism about point 2 and 3.
Point 2: Earn bitcoin method is pretty much i think, sig campaign, faucet, do task, giveaway, PTC, wor for bitcoin, sell stuff for bitcoin. People just to lazy too hard work for earn bitcoin.
Point 3: I always make a direction which people can learn more about bitcoin, how it's work, how to use. And still... people too lazy to read, why? because they're not really interested about this technology, they just want free money, it's happens to me when i tried to teach my friend about bitcoin.
Anyway, i have a criticism about point 2 and 3.
Point 2: Earn bitcoin method is pretty much i think, sig campaign, faucet, do task, giveaway, PTC, wor for bitcoin, sell stuff for bitcoin. People just to lazy too hard work for earn bitcoin.
Point 3: I always make a direction which people can learn more about bitcoin, how it's work, how to use. And still... people too lazy to read, why? because they're not really interested about this technology, they just want free money, it's happens to me when i tried to teach my friend about bitcoin.
2) I just think those are not enough, I dont know what new can be invented, I leave that problem to entrepreneurs, but I just feel that these methods are far too few in order to achieve real demand here.
3) Sure most people just want to make money, thats my point at point 2), and since there are few methods, we need to improve on that. There is nothing wrong with people want to make money, it's just that this area is not totally explored yet, and there are more methods from where money can be made, that is not available today.
At present there's really no reason for a first worlder to make use of BTC.
There are however a few hundred million or more others who are also online and are capable of doing jobs that can be paid in BTC.
It gives them the possibility of developing their own online economies that'll eventually be fed back to people in Europe, the US and elsewhere. That's who it should be pitched to.
There are however a few hundred million or more others who are also online and are capable of doing jobs that can be paid in BTC.
It gives them the possibility of developing their own online economies that'll eventually be fed back to people in Europe, the US and elsewhere. That's who it should be pitched to.
Well whatever the demographics are, marketers need to target those.
If 100 million 3rd world people start joinning bitcoin , then obviously the services market of bitcoin will have to adapt to that, etc.
Currently there are more 1st worlders using bitcoin (primary USA,Canada, UK, Netherlands) so we currently need to satisfy these people.
I'm a teen and i can approve this 
I need some extra money to buy some stuff but i don't see any good method to earn bitcoin that is friendly to teens
The only good method that i found so far is sig campaign, and it hasn't gave me much money
I need some extra money to buy some stuff but i don't see any good method to earn bitcoin that is friendly to teens
The only good method that i found so far is sig campaign, and it hasn't gave me much money
Sure, I was a teen too, not too long ago, so I am totally familiar with the feeling.
It is the social phenomenon that teens are interested in so that is the target that marketing specialists need to explore.
Apart from books explaining how bitcoin works, how about actually build projects that fit within the mainstream usecase which introduces them to bitcoin, projects like Bitcoin Billionaire (gaming) or GetGems (instant messaging). Mainstream is much more familiar with these.
Books help but if you want to attract much more users (especially the youth who are much more into digital tech) introducing Bitcoin through attractive apps/games is the way to go and more effective.
Yes both of them are required, but on 1 hand you need a full encyclopedia or "user manual" from where newbie people can totally learn bitcoin.
And on the other hand you need practical applications where they can learn that throgh practice.
I just think the bitcoin wiki fails to deliver this, or it's not that well suited for total newbies.
At present there's really no reason for a first worlder to make use of BTC.
There are however a few hundred million or more others who are also online and are capable of doing jobs that can be paid in BTC.
It gives them the possibility of developing their own online economies that'll eventually be fed back to people in Europe, the US and elsewhere. That's who it should be pitched to.
There are however a few hundred million or more others who are also online and are capable of doing jobs that can be paid in BTC.
It gives them the possibility of developing their own online economies that'll eventually be fed back to people in Europe, the US and elsewhere. That's who it should be pitched to.
Well nice spirit! I appreciate this.
Anyway, i have a criticism about point 2 and 3.
Point 2: Earn bitcoin method is pretty much i think, sig campaign, faucet, do task, giveaway, PTC, wor for bitcoin, sell stuff for bitcoin. People just to lazy too hard work for earn bitcoin.
Point 3: I always make a direction which people can learn more about bitcoin, how it's work, how to use. And still... people too lazy to read, why? because they're not really interested about this technology, they just want free money, it's happens to me when i tried to teach my friend about bitcoin.
Anyway, i have a criticism about point 2 and 3.
Point 2: Earn bitcoin method is pretty much i think, sig campaign, faucet, do task, giveaway, PTC, wor for bitcoin, sell stuff for bitcoin. People just to lazy too hard work for earn bitcoin.
Point 3: I always make a direction which people can learn more about bitcoin, how it's work, how to use. And still... people too lazy to read, why? because they're not really interested about this technology, they just want free money, it's happens to me when i tried to teach my friend about bitcoin.
Well the recent news about gavin and the rest of the developers having a argument is not helping bitcoin only hurting it. just look at the price its rocketed down to something which a lot of people are concerned about.
people are afraid at the moment. the forums stats show that there is a 50% decrese for this time last year in posts and members registering.
unless they can work this out fairly shortly its going to continue to damage bitcoin
I believe it is evolving, maybe those old users are getting new ones to that Ethereum network, just look at the augur crowdsale. people are afraid at the moment. the forums stats show that there is a 50% decrese for this time last year in posts and members registering.
unless they can work this out fairly shortly its going to continue to damage bitcoin
I think the main problem with Bitcoin is people is too dumb the see the necessity for it, so most people will keep using fiat currencies because most people don't have a problem with it, only people whose see a real necessity to use Bitcoin (beyond buying it and holding as an investment) will actively use it. Other than that we'll need more time to see the fiat system collapse more to get Bitcoin in the starlight. And anyway people will end up using it even if they don't know they are using it so we already winning as early holders. You are basically investing in the base of the next gen infrastructure by holding BTC.
I agree with this one. People were always going with that one "if it works, why change it" and this is exactly the case with Bitcoin at the moment. Look at the situation in Cyprus and Greece and how the people took interest right away in Bitcoin.
So, the future financial crisis will just speed up Bitcoin adoption. I am not saying that people wouldn't gradually see a use case even if the crisis were not ahead of us, it would just take more time for adoption.
Luckily, or unluckily for all of us, there will be some financial storms ahead of us in the near future.
Well the recent news about gavin and the rest of the developers having a argument is not helping bitcoin only hurting it. just look at the price its rocketed down to something which a lot of people are concerned about.
people are afraid at the moment. the forums stats show that there is a 50% decrese for this time last year in posts and members registering.
unless they can work this out fairly shortly its going to continue to damage bitcoin
people are afraid at the moment. the forums stats show that there is a 50% decrese for this time last year in posts and members registering.
unless they can work this out fairly shortly its going to continue to damage bitcoin
3) Lack of a good guide to newbies
This forum is great to learn bitcoin, but i still feel that the information about bitcoin is too scattered, and people are lazy to learn it all in pieces.
ex: newbies still asking how to mine bitcoin with laptop (which tells us that they dont have the knowledge, nor a source of knowledge available to them to learn the basics)
We either need a solid e-book/normal book, or a more summarized site (perhaps a good promotion of the en.bitcoin.it wiki site), because I find the bitcoin.org site a little bit hard to understand.
I think a professional website building team needs to look at the bitcoin.org site and make it much easier to understand and go through it, and perhaps it can be expanded better with more information about well established sites
This forum is great to learn bitcoin, but i still feel that the information about bitcoin is too scattered, and people are lazy to learn it all in pieces.
ex: newbies still asking how to mine bitcoin with laptop (which tells us that they dont have the knowledge, nor a source of knowledge available to them to learn the basics)
We either need a solid e-book/normal book, or a more summarized site (perhaps a good promotion of the en.bitcoin.it wiki site), because I find the bitcoin.org site a little bit hard to understand.
I think a professional website building team needs to look at the bitcoin.org site and make it much easier to understand and go through it, and perhaps it can be expanded better with more information about well established sites
Apart from books explaining how bitcoin works, how about actually build projects that fit within the mainstream usecase which introduces them to bitcoin, projects like Bitcoin Billionaire (gaming) or GetGems (instant messaging). Mainstream is much more familiar with these.
Books help but if you want to attract much more users (especially the youth who are much more into digital tech) introducing Bitcoin through attractive apps/games is the way to go and more effective.
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