How to attract late adopter ? - page 2.

BitcoinPorn

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Quote from: Electrongolf on June 21, 2011, 04:34:22 AM

I think there needs to be more creativity in terms of what you can do with BTC. Right now, everyone is focused on making money. Nothing wrong with this, but not very interesting. It won't attract people who only know Bitcoin as a pyramid scheme.

I tried to put together a live music showcase, where people Tip artists to play live. Didn't get any interest from the communtity. I would also like to see a game, similar to Second Life. Or maybe a Civilization game. Earn BTC based on skill, not luck.

We need creative ideas beyond investing.

Agreed. I like the people trying to get the Poker/Casino stuff going. But I have yet to see an interface pleasing enough to attract a non hardcore gambler.

The musicians need to get together. If I had the time, I do have the skills and love of music to throw something together and promote it too.

Shops I think are doing good, people just now need to focus on design and thoughts to attract the every day man rather than just the geek with Bitcoin.

Shirt designers should have non Bitcoin related goods and start spreading their more general humorous or good designs to regular e-shops like TShirtHell, etsy, et al.

I want to help so many people with design. I'd accept btc, but I don't know how to price stuff. The people who are already doing freelance graphic design for btc need to fucking get off their ass, taking a paycut and do some outbound work and help some of these sites out.

visburr

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While the design goal of having a strictly limited amount of Bitcoin in the system is a noble one, it is also the biggest flaw. People will lose hard drives of bitcoin without having a backup. People will dabble in Bitcoin for a while, maybe acquire some fractional Bitcoin, and then forget about it. If Bitcoin becomes and remains viable, it is pretty much guaranteed to only go up in value. If too much leaks out of the system, though, the whole thing might come crashing down.

Electrongolf

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What's Your Gig?

I think there needs to be more creativity in terms of what you can do with BTC. Right now, everyone is focused on making money. Nothing wrong with this, but not very interesting. It won't attract people who only know Bitcoin as a pyramid scheme.

I tried to put together a live music showcase, where people Tip artists to play live. Didn't get any interest from the communtity. I would also like to see a game, similar to Second Life. Or maybe a Civilization game. Earn BTC based on skill, not luck.

We need creative ideas beyond investing.

bittencoin

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with the recent hacking events and volatility, there will be more late speculators than late adopters.

grau

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Quote from: ?? on ??

You do make a good point, why spend coins when you can spend cash and watch the coins grow in value?
One of the attractions of BitCoin is the ease of use and low transaction fees.

Yes, Bitcoin is constructed for both savings (deflationary) and transactions (anonymity, no transaction fee, no trust).
This noble dual nature makes wide adoption difficult since it is too good to spend.

It seems savings aspect (or I should rather say investment) is currently predominate and even turned into speculation.

I believe we need to focus on how to support bitcoins more for transactions and how to remove speculation incentives without being inflationary.

A concept that might be helpful is to introduce demurrage. I read some references here that this was considered but rejected in design, I could not figure why.

Would someone support me with the arguments why demurrage is not in design ?

chad

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Getting more businesses and merchants to accept Bitcoin as payment will do wonders to attract the masses.

grau

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Quote from: flaxindo on June 21, 2011, 01:23:47 AM

I don't think attracting late adopters will be an issue. If Bitcoin survives it's early growth/volatility phase, the late adopters (who by definition are always late to the party) will get over the "it's new/scary/phony/scam" and start thinking "it's normal".

My point is that there should not be a party and there should not be late or early for this to be adopted by ordinary merchants.

flaxindo

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I don't think attracting late adopters will be an issue. If Bitcoin survives it's early growth/volatility phase, the late adopters (who by definition are always late to the party) will get over the "it's new/scary/phony/scam" and start thinking "it's normal".

grau

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Quote from: Are-you-a-wizard? on June 20, 2011, 07:23:32 PM

There is the possibility of the bitcoin faucet giving say $5 worth of BTC to every person to join over a specific period.

That might help to sustain a pyramid scheme for yet some other round but not for the long run.

Do not get me wrong: I believe in the good intents of the creators here, they even deserve a big chunk of money for creating something of common value for the internet, but I see the construction has to evolve to attract other than get-rich-quick folks.

Are-you-a-wizard?

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There is the possibility of the bitcoin faucet giving say $5 worth of BTC to every person to join over a specific period.

dodgrr

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candy.

grau

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I wonder how to attract late adopter of bitcoin.

Like myself... although I was an enthusiastic PGP user 20 years ago, I somehow missed the wave now.
I began buying gold because knew that paper money sucks, as it was below $300 and did well, so I know how it feels for those early in this new theme.

Unfortunately I am late and all good intents, I understand and appreciate leave me thinking that this looks a bit like pyramid for those who are late.

I also wonder how you relate to Gresham's observation that is: bad money drives out good.

Now bitcoin is good, no doubt. But if I have the choice to pay for a gadget using USD or bitcoin I would prefer to give USD and save bitcoins, just like I would not pay with gold until I have anything else of less quality to give away.

If other potential late adopters think like myself how will this economy grow beyond the tulip phase ?

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