How can we get people to use bitcoin as a currency? - page 16.

freedomgo

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Quote from: Kwansimaa on April 25, 2019, 06:27:50 AM

if we want bitcoin to be used as a currency then we need to educate the masses about how to use cryptocurrencies, also how to make payments with bitcoin without all the mistakes that we see people make. On top of it all, there need to be online platforms and other market places willing to accept bitcoin as payment method.

Awareness is important and it will easily happen if crypto will be fully regulated.
Lead by big businesses it will be easy for them to influence the interest of the people and when people are interested, they can educated themselves.
Educating ourselves is not hard as information can be found in the internet for free, and you can search anytime you like.

They only need to be interested to get educated, and the government has a big role on that.

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if we want bitcoin to be used as a currency then we need to educate the masses about how to use cryptocurrencies, also how to make payments with bitcoin without all the mistakes that we see people make. On top of it all, there need to be online platforms and other market places willing to accept bitcoin as payment method.

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How many people on this thread actually use bitcoin, as opposed to just speculating with it?

Very few. Steam closed it's bitcoin option partly because of the fees and delays back in Dec 2017 and partly because very few people were using it as a payment method. If you don't use it, you lose it.

Lots of the infrastructure that was painstakingly built in the 2013-2015 period has been dismantled because no-one uses it, they just speculate and gamble.

So, the solution is to get this community to use it first so that commercial use of bitcoin is viable, before we try to persuade the general public.

manfredmann

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There is no point in encoraging them to do that because they should learn first what bitcoin is all about. We know that many users here with bitcoin has decided first to learn about it before thinking on joining it. The users should advise to join at their own risk. Then if they invest it should be the amount that they can afford to lose.

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 AM

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

I must share what I think should be the right approach to solve this problem,

When you use MasterCard or visa card, or when you use PayPal do you have to learn the underline tech in it?
Do you even want to know how does the process happens?

We all need to be highly tech focused, where as most of the companies currently are only money driven, investment driven, and no one knows what is happening and why is it even happening. It's all hype driven, emotions driven. If you first build a proper technology where even a local vendor gets benefited by using bitcoin, s/he will accept payments in cryptos.

There are many other factors, like price fluctuation, but stable coins will surely solve this problem. So may be bitcoins may not be accepted but stable coins would surely be accepted as payments, I recently travelled to Australia and payed in dash at many places, similarly in Universal Studios in Singapore many vendors accepted cryptocurrencies. So the acceptance will come by one day at a time.

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Quote from: S4VV4S on April 22, 2019, 12:07:43 AM

Quote from: ?? on ??

I think there is still long time for people to use BTC as a currency because as you already said, everyone consider it as an investment. So they prefer to hodl. I think these days no one would use it as currency. Everyone wants to earn more money. To be honest i can’t blame.

Yeah I agree with you still have long time for people to learn and use Bitcoin as currency. We all know that not all countries agree on the existence of the Bitcoin so lower class community knowledge is still very minimal against Bitcoin.

Many people are too lazy to spend their time on learning Bitcoins. They also have a kind of a mind stagnation - it happens when a person does not want to use anything new as he simply does not care about it.

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Quote from: SnowAugustine on October 15, 2018, 08:13:46 AM

How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.

we also have to introduce bitcoin to those who don't know whether they still don't believe in making them explore bitcoin so they believe and moreover if they get profit, they will be more trusting. And it is expected that there are also many shop stores that accept bitcoin so people who see and ask about bitcoin and at that time we explain.

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Direct payments in Bitcoin may not become very popular for some time. Because Bitcoin is having such a volatile exchange rate, it may not be viable for the users to make frequent payments with it. In order to make payments, we might need to use an intermediary, such as a pre-paid debit card. Even if the exchange rates gets stabilized, there are other issues, such as the delay in getting confirmations.

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Quote from: bitcoinst on April 24, 2019, 07:20:29 AM

Given the current realities and the "difficulties" of using Bitcoin for ordinary people, it will be extremely difficult to convince them of using Bitcoin in everyday payments, however, if Bitcoin shows its attractiveness from the investment side, it will easily attract people. First of all, I'm talking about constant and stable growth, which, unfortunately, is difficult to achieve.

From this part of generation maybe yes the difficulties to attract people to invest in will still at doubt, but sooner or later when things have been fully established and most of the good part of bitcoin as a currency and can be used as payment process it will soon bring good things for our investment,
the best part will be the future success of this system, both for investment and a currency type system.

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Given the current realities and the "difficulties" of using Bitcoin for ordinary people, it will be extremely difficult to convince them of using Bitcoin in everyday payments, however, if Bitcoin shows its attractiveness from the investment side, it will easily attract people. First of all, I'm talking about constant and stable growth, which, unfortunately, is difficult to achieve.

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Quote from: BTCevo on April 24, 2019, 04:47:46 AM

Quote from: 1BTC EQUALS 1CAR on April 23, 2019, 07:35:55 AM

My idea would be gifting someone I know personally to give him a few satoshis so he would be curious on what those are for. Because if we all do that then it will spread so easily, the information will be passed onto another. Here in my country we have a local digital payment service that includes btc address so its not hard for me to give them some few amount of sats.

This is what I have been persuaded because it is exactly the same thing as my friend did to me. But at least we must know what they need, either investment or just some extra income for them, so we can close up to them even more intense so they will be likely join this community. I did ask my friend as well to join in bitcoin but he has a negative point of view so it can't be helped

Gifting is really a good way of spreading the use of bitcoin. In our services section there was an user who used to carve the QR code of the wallet and present it to users. This is quite good, when gifted surely they'll try to explore and find what it is all about. If they start to explore surely they'll tend to use further.

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Quote from: 1BTC EQUALS 1CAR on April 23, 2019, 07:35:55 AM

My idea would be gifting someone I know personally to give him a few satoshis so he would be curious on what those are for. Because if we all do that then it will spread so easily, the information will be passed onto another. Here in my country we have a local digital payment service that includes btc address so its not hard for me to give them some few amount of sats.

This is what I have been persuaded because it is exactly the same thing as my friend did to me. But at least we must know what they need, either investment or just some extra income for them, so we can close up to them even more intense so they will be likely join this community. I did ask my friend as well to join in bitcoin but he has a negative point of view so it can't be helped

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Quote from: yslyv on April 20, 2019, 12:46:03 PM

it is possible but it is hard without lightening network. Reasons:
small network size.
slow transaction speed
expensive transaction fees
high volatility.

That's certainly true, mate. Without the Lightning Network, Bitcoin would be used more as a store of value than a currency for day-to-day transactions. It's important to keep this mind, as adoption in the mainstream world is crucial for the survival of any cryptocurrency. As Bitcoin is the most popular crypto to date, it still lacks massive mainstream adoption because of the limitations stated above.

But, with the Lightning Network, things will change for the better as transactions become cheaper and faster to perform. Only then, micro-payments would become possible allowing people to use Bitcoin for many things in daily life such as buying a cup of coffee or tipping others. Still though, it's not the only thing required for people to use Bitcoin as a currency. Bitcoin also needs regulatory compliance, and stability in price, to achieve said goal.

Hence, I believe that it will take some time before people will use Bitcoin as a currency more thoroughly. Just my thoughts Grin

dupee419

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You can't do it by force, let them naturally learn the potential and know the advantages once they know the true purpose of BTC, you can't stop the doubters but you can prove them wrong by simply letting time go by, in the future Bitcoin may be as bigger as what it is right now, the sooner the better they'll realize.

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Quote from: Ipwich on April 22, 2019, 07:56:36 PM

By way of introducing it to them, you have to let them know it and give a knowledge to them, by means of giving them the information on how digital money works the way of using and spending it.It gives a very special way of no hustle transactions and a much better comfort for anyone who are using it.Simple as you are educating someone to give them the idea on how live to the modern technology were everyone is using it already.

Even if we introduce and provide them with sufficient knowledge, they still do not use bitcoin as currency because besides bitcoin, fiat and the currency of countries is still a preferred option, people like to use these products when it's safe and popular, bitcoin is still not too close and familiar with them. Instead of encouraging them to use bitcoin as a currency, we should advertise with them about bitcoin, a potential investment and will grow in the future, which is what most people can easily feel from bitcoin, everyone's investment will be a very good boost for bitcoin

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Quote from: 1BTC EQUALS 1CAR on April 23, 2019, 07:35:55 AM

My idea would be gifting someone I know personally to give him a few satoshis so he would be curious on what those are for. Because if we all do that then it will spread so easily, the information will be passed onto another. Here in my country we have a local digital payment service that includes btc address so its not hard for me to give them some few amount of sats.

Good idea for someone who wanted to share this system, curiosity will bring those who received free money and with some value they will look into it and find ways how to spend it, that idea will give them enough time to be more eager to try to learn more, if you are ready to explain further it will be the good beginning of their own journey towards this industry.

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Quote from: 1BTC EQUALS 1CAR on April 23, 2019, 07:35:55 AM

My idea would be gifting someone I know personally to give him a few satoshis so he would be curious on what those are for. Because if we all do that then it will spread so easily, the information will be passed onto another. Here in my country we have a local digital payment service that includes btc address so its not hard for me to give them some few amount of sats.

Gift is a good Idea and they be curious and asking more about what is bitcoin and that's the time you will tell to the person you gift bitcoin the information and advatanges to having bitcoin and try to do your best so they will follow you to invest also to crypto.
If you know the word of mouth for sure bitcoin will become moee popular if someone testimony the profit they get.

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My idea would be gifting someone I know personally to give him a few satoshis so he would be curious on what those are for. Because if we all do that then it will spread so easily, the information will be passed onto another. Here in my country we have a local digital payment service that includes btc address so its not hard for me to give them some few amount of sats.

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Quote from: NEERAJ ANAND on April 22, 2019, 10:08:44 PM

It can only happen by awareness and we have to make awareness program so that people what is the bitcoin and cryptocurrency. if people know about it then they will come to this market diff finally and it is good investment policy for the future.

But now people have awareness about bitcoin, and i saw a lot of people using bitcoin, because of holding, only they don't want to use it in buy online something, but little bit they are using in payment transfer.
Actually we are discuss what we see around us, so in my around usually people doing investment on bitcoin and crypto currency. So for me, it is a lack number of crypto investors but i will not accept it that people have no awareness about it.

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Quote from: NEERAJ ANAND on April 22, 2019, 10:08:44 PM

It can only happen by awareness and we have to make awareness program so that people what is the bitcoin and cryptocurrency. if people know about it then they will come to this market diff finally and it is good investment policy for the future.

I completely agree. And this program should be simple, accessible and in a language that people can understand.

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