eCommerce is the way to adoption - Do your part - page 2.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: seOG on January 02, 2019, 08:12:01 PM

I see a lot of people posting about different projects related to ecommerce and how this is the best path to adoption. I agree, using crypto as a currency is the best way to increase adoption, and thus marketcap of the coins. Its in everyones best interest to use and adopt crypto.

I don't think the consumer use case is as important as most people think. At this point, it doesn't make sense for people to buy cryptocurrency just to spend it -- it's extremely volatile and usage is too low to justify interest from merchants.

People should continue using cryptocurrency as they see fit -- as a speculative investment, for P2P payments, for commerce, etc. Merchant adoption will come in time but it will always lag significantly behind user adoption. They don't have a strong incentive to accept Bitcoin payments until consumers demand it.

Halmater

hero member

Activity: 896

Merit: 630

Anyway to introduce cryptocurrencies to ordinary people is useful. e-commerce area is the best way to reach people. As people start to use cryptocurrencies in their daily life, they will be used to cryptocurrencies and demand from their governments for the acceptance of cryptocurrencies.

seOG

newbie

Activity: 132

Merit: 0

Quote from: Kopyleft on January 03, 2019, 12:06:16 AM

Quote from: seOG on January 02, 2019, 08:22:47 PM

The number one way that would happen is if people are using bitcoin and cryptocurrency. THEN governments will adopt it.

Bitcoin adoption is good. But government adoption is not necessary and it contradicts the goals and objectives of bitcoin as a decentralized technology.
For mass adoption as a currency, the issues of volatility and scalability; lack of it, has to be resolved.
This would propel merchants to accept bitcoin not for it's speculative value, but the ease of making transactions using the blockchain

At some point governments will adopt it. It is superior to fiat paper money.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

The final verdict on the best use for Bitcoin is still being discussed and has not been decided yet. Some people seem to think that it is an excellent store of value and that it should rather follow that path. Others share your view and wants it to be an alternative currency to the current fiat system.

I do not have a problem with any of the two options and would prefer that people use Bitcoin in the way that suites their personal needs. Wink

Kopyleft

member

Activity: 168

Merit: 15

Future of Security Tokens

Quote from: seOG on January 02, 2019, 08:22:47 PM

The number one way that would happen is if people are using bitcoin and cryptocurrency. THEN governments will adopt it.

Bitcoin adoption is good. But government adoption is not necessary and it contradicts the goals and objectives of bitcoin as a decentralized technology.
For mass adoption as a currency, the issues of volatility and scalability; lack of it, has to be resolved.
This would propel merchants to accept bitcoin not for it's speculative value, but the ease of making transactions using the blockchain

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: boyptc on January 02, 2019, 10:26:00 PM

And it's the major cause why these altcoins are keep on coming, they keep on boasting out on how quick they are, eligible and convenient as a means of payment.

There are several ico projects who claims to provide a new ecosystem for e-commerce and forcing their tokens to be the medium of payment in the platform. But they lack competitive advantage and important relations with users. It's quite hard for them to survive because the old e-commerce platform can simply choose to accept crypto payments. With the advance of LN, Segwit and so on, I believe Bitcoin will be the first choice for merchants, therefore those ICO projects won't go anywhere.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

It is the main use of why bitcoin and crypto's were made, to be used as an alternative payment method for these payment processors that gives you days before claiming and the transfer of your money to your bank account.

And it's the major cause why these altcoins are keep on coming, they keep on boasting out on how quick they are, eligible and convenient as a means of payment.

geminiboy

full member

Activity: 574

Merit: 100

https://ammut.network/

Quote from: seOG on January 02, 2019, 08:22:47 PM

Quote from: bayu7adi on January 02, 2019, 08:18:18 PM

there is more important than mass adoption by all e-commerce in the world, namely the legality recorded in the government law and protected by law by all countries in the world
with the official legality, mass adoption will occur and it will increase the interest of new and existing bitcoin users who have known bitcoin from the beginning
really hope that this will happen soon, and we can enjoy bitcoin by using it like we use PayPal or other e-Money to make payments

I see a different point of view. The number one way that would happen is if people are using bitcoin and cryptocurrency. THEN governments will adopt it.

the use of bitcoin and cryptocurrency will occur in the real world as a means of payment if the government itself has adjusted it, but what is seen is that some governments still have not legalized bitcoin and crypto

seOG

newbie

Activity: 132

Merit: 0

Quote from: bayu7adi on January 02, 2019, 08:18:18 PM

there is more important than mass adoption by all e-commerce in the world, namely the legality recorded in the government law and protected by law by all countries in the world
with the official legality, mass adoption will occur and it will increase the interest of new and existing bitcoin users who have known bitcoin from the beginning
really hope that this will happen soon, and we can enjoy bitcoin by using it like we use PayPal or other e-Money to make payments

I see a different point of view. The number one way that would happen is if people are using bitcoin and cryptocurrency. THEN governments will adopt it.

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

there is more important than mass adoption by all e-commerce in the world, namely the legality recorded in the government law and protected by law by all countries in the world
with the official legality, mass adoption will occur and it will increase the interest of new and existing bitcoin users who have known bitcoin from the beginning
really hope that this will happen soon, and we can enjoy bitcoin by using it like we use PayPal or other e-Money to make payments

seOG

newbie

Activity: 132

Merit: 0

I see a lot of people posting about different projects related to ecommerce and how this is the best path to adoption. I agree, using crypto as a currency is the best way to increase adoption, and thus marketcap of the coins. Its in everyones best interest to use and adopt crypto.

I wanted to take the time and come up with a brief list of different services and ways to use/spend crypto.

Great for the average person

Forra.io - A cryptocurrency ecommerce marketplace

Great for business owners

paybear.io

coinpayments.io

Topic: eCommerce is the way to adoption - Do your part - page 2. (Read 506 times)