Topic: Even now in 2017, why is bitcoin *still* not accepted as a major currency? - page 4. (Read 3241 times)

i am not sure for now, bitcoin need more to replace conventional currencies, people should use bitcoin in every where and need to be approve by the government. but if its just for the internet currency, i think bitcoin will be stronger than other because of the easy and simple to use bitcoin and we should help bitcoin to be known by many people.

for the same reason the etf was not approved is because its a decentralized currency
merchants will also be reluctant to use it because of its volatile nature unless we have over 5 or 10 million active users for their businesses to benefit from  

Do not expect for any cryptocurrency to replace the fiat currency. Even bitcoin cannot replace fiat currency and will remain only a currency online. In the future if all sectors of the society will accept bitcoin as mode of payment it will still not replace fiat currency. Its value will still be determined by the fiat currency and as long as it is not independent from fiat currency it can never be the universal legal tender. Bitcoin and other digital currencies are weak since it is dependent on internet and is very prone to hacks and viruses or technical errors that may be a huge problem in the future, thus the central banks all over the world could not allow such kind of risky currency to serve the world as an official legal tender.

It will not happen until the scaling problems are solved and until more people vote for a government that would support Bitcoin. Most

governments use money to control people, and Bitcoin takes away that power if they do not regulate it. So a lot must happen before Bitcoin

would be allowed as a reserve currency. First thing you have to do, is not to vote for a government that wants to stop Bitcoin use. 

High adoption should be made possible.Bitcoin should be made familiar to shop owners and general people.Then only,i would have a chance of being accepted as a major currency.Its highly volatile nature is also a reason for it not being accepted as a major currency.

It is not that simple to ask somebody to used bitcoin, the reputation of bitcoin is not too good at outside there are so many negative publicity about bitcoin, so some people rejected the bitcoin, we still need to keep on introducing and bring positive news to the public, bitcoin is a very useful and helpful currency but some people like to used for illegal things

There are many reasons for that to exist. Actually, bitcoin is not fully developed and strongest. It is still in the renovation phase. Segwit is a very good stage, however it was not passed, which made bitcoin have to undergo another phase to develop. And recently, bitcoin once again encountered the event. It's split into two, I'm not sure what's going to happen yet, but I find the value of bitcoin is going down dramatically. This should not happen to such a large coin. It has entered the legal stage, but it has another difficulty, it is difficult to overcome.

you'd be surprised to find out how many are actually sitting on their hands and waiting for someone else to do it for them.

you keep hearing people say "i wish .... accepted bitcoin" the you ask "..." why don't you accept bitcoin, they answer "nobody told us they want it"!!!

i asked some people about how many of them actually asked businesses to accept bitcoin and those who said they did were so few!
maybe people think merchants are mind readers.

Bitcoin so far is not accepted as currency in majority of the country only for digital payments. Its the reality things happen, therefore so I think it will take many more years before it become a major currency, due to many community are still not ready to accept it massively.

That's because its decentralized, no one owns it. No one cares to tell about it to other people, but only wants its value and volume to get higher.

Bitcoin might trounce conventional currencies in an unspectacular way, but it could take time.

cuz of
Bitcoin is not "still" authorized

I think the high fluctuations and unstability in general is a really big factor regarding this matter. In my country het majority of people who have hear of bitcoin think it's an online currency for criminals to buy illegal products/services.

Oh Please ... always the same excuse.



In the real world, no seller wait a confirmation with things bellow 200 USD ...

double-spend is not possible when you don't use the blockchain.info junk blockchain reader that it displays transactions that they don't exist in the MEMPOOL.

In French forum, the majority of (wrong) falses transactions (too low fees) is because noobs use blockchain.info to see if transaction exist.

Bitcoin is not ready to be a "major currency", and 'we' are currently moving in the wrong direction. The forkin' mess needs a solution soon, IMO.

Where I live you can't do that. It serves as a store of value, but a very volatile one at that.

I don't expect bitcoin to really replace conventional currencies, it can't. It is too hard to secure, too slow and not scaleable at the moment.
If it were really used by the masses, which is 99.99999% isn't, it would fall under it's own weight almost immediately.

I don't know a single other person who owns Bitcoin, almost no one knows what it even is, why it is good and they have no idea how to buy it! They think you need to mine it!

The popularity of bitcoin is very limited and very few people have heard about bitcoins and very less are using it and it will take a long time for it to reach to different places and I think people who are part of this forum only knows about bitcoins and rest are still unaware.

in my area, i can buy food pay bills and live happily on bitcoin..
.. oh wait. now i remember i been in bitcoin since 2012 and over the time I spoke to my local stores and hlped them out.

there are a few towns around the world that do have many bitcoin accepting retailers. everything from clothes, electronics, meals and snacks. etc
.. but these are because people helped the retailers set it up. either by a bitcoin being a employee of the retailer or a regular customer in most cases

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unless you have many people in your town that are talking to merchants for you.. if you want something. you are going to have to ask for it yourself.
again bitcoin is just code. no legs, no arms.

it cannot get on a plane and come to your town. its something you have to do.

too many people sit their waiting for magic.
and they wait
and they wait
and they ask
"Even now in 2017, why is bitcoin *still* not accepted as a major currency?Doesn't make any sense TBH. We should've seen it starting to replace conventional currencies by now."

and they dont seem to understand that their local shop doesnt know that you want bitcoin accepted in their store because you never helped them to be able to accept it.

my advice:
do not sit there waiting for magic.

instead find out if there are other bitcoiners in your area and arrange a meetup at a bar/cafe to discus bitcoin. find out the main retailers in your area that all of you use (most popular retailers to actually benefit from accepting bitcoin due to regular customers) and then out of your group find out the most confident person who can help set things up and go to the retailer and help them.

the best successes are not to speak to managers of branches of national/international retailers as they are just glorified supervisors with no actual local power to make changes.. instead look for the non franchised independant stores where the manager does have decision power over payment methods

I'd still say its more about convenience than anything.

Most people earn money in FIAT, so its more convenient to pay for goods in it than having to convert to a different format first.

And even for those who already hold Bitcoin, it simply cannot compete with the speed of transaction of a debit card, especially a contactless debit card which takes literally 1 second at the till to pay for your goods.

If at some point Bitcoin can do that, if I can have a plastic card that I just wave over a reader (or wave phone over reader doing it contactless that way) then boom, finally FIAT has some real competition in buying goods.

why would i care if bitcoin is accepted in a local store?
In it's current state it would be COMPLETELY retarded

A Scene at my local grocery:
me: let me pay for my milk with bitcoin here
cash register person: Hmm...OK
me: I scanned my bar code, so it is done
cash register person: i don't see a confirmation
me: let's wait a little
people in line: grumble, grumble, grumble
cash register person: Mr, please stay aside
me, 13 min later: what's the heck...forget about it...here is $5

Because most people don't know about it or its benefits.

It's up to us to spread the word.