Topic: How to improve the usability of bitcoin? - page 3. (Read 1197 times)
I am looking for what good and bad news update from the world and take participated with invest or sell, many time news from China and United State make bitcoin up and down extremely depend what news updating from both countries, good or bad news. But I like it because I have chance to buy or sell my investing.
As time goes by there are lots of invention that can be invented every years. We do not know if one day the usage of bitcoins are already nationwide because many transactions are can already happened online like playing online gambling or paying the store using digital money. But before we rich on that stage, there are many struggles to make that happened because many countries are depending on the taxes and if the bitcoin or let we say crypto currency are implemented, it was difficult to the countries that depending on the taxes of their people because crypto currency is a no taxes because it is a digital currency not unlike fiat currencies.
Actually to be honest, I really don't see bitcoin or other cryptocurrency can be used as way of payment, it is really impossible for me because it will be hard for everyone if the bitcoin will be used in transactions because it has a feature of being volatile, so if the business let the cryptocurrency to be paid in transactions, they will suffer if the market falls down because for sure the price of the cryptocurrency will suffer too.
I only see cryptocurrency as an alternative currency for fiat currency, all we can do for this is just to convert it into fiat currency, so we can use it to buy some goods and stuffs.
I only see cryptocurrency as an alternative currency for fiat currency, all we can do for this is just to convert it into fiat currency, so we can use it to buy some goods and stuffs.
It can improve ease of use and start engaging in the use of bitcoin and digital currencies by expanding the knowledge of others in the world of crypto and increasing legitimate investment opportunities to reduce the risks and not drifting into imaginary promises to double profits with super fast speed only to slow down and educate people on the importance of the digital community in addition to educating them on the extent of strength Digital currency with the possibility of increasing income by trading and investing. Until we reach this level to enable the use of Bitcoin officially, there must be confidence in Crypto and a belief in Bitcoin, in addition to the multiplicity of fruitful projects based on Bitcoin and its counterparts from work. Digital.
You know it is as easy as abc when we recommend solution like this but this is a freak hard when we try to do it, have you ever talked to a man, bring bitcoin to the discussion then he walks away? I don't know man but people these days are freaking afraid of what the technology can offer to help us getting the work easier. Legitimate investments? How can we have that if most of ICO these days are scams? Educating people is not as easy as what it seems, that's my very point. As much as possible even we are just few, we need to attract them with results of the booming market through cryptocurrencies.
It can improve ease of use and start engaging in the use of bitcoin and digital currencies by expanding the knowledge of others in the world of crypto and increasing legitimate investment opportunities to reduce the risks and not drifting into imaginary promises to double profits with super fast speed only to slow down and educate people on the importance of the digital community in addition to educating them on the extent of strength Digital currency with the possibility of increasing income by trading and investing. Until we reach this level to enable the use of Bitcoin officially, there must be confidence in Crypto and a belief in Bitcoin, in addition to the multiplicity of fruitful projects based on Bitcoin and its counterparts from work. Digital.
Many government official in every countries doesn't like bitcoin. Why? because in bitcoin or what we called 'crypto currency" are the currency that has no taxes that given to the government, because many government officials believed that paying taxes is a way to build many infrastacture that will benefits all the people in the country so that they prefer to use fiat currency. That's why they don't even implement the use of bitcoin, but they not put bitcoins or crypto currency as an illegal stage, it is legal but they don't promote the everyone to use it.
For the convenience of using bitcoin by a large number of people, you need to do something like a debit card, when you buy from it, you immediately charged a certain amount of btc, previously converted to the local currency rate. But at the moment this is simply impossible, because in many countries cryptocurrencies are prohibited.
There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.
If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
We can improve the usability of bitcoin and make it one of the universal currency payment system by inviting and convincing other businesses and stores to accept bitcoin for making transaction because it would inspire other businesses and stores too if they heard that a lot of people had been using bitcoin for their daily lives.If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
I'm interested to see what Square come up with. Jack Dorsey is funding a lightning network development kit. That could make a big difference in new apps and UI.
https://medium.com/@squarecrypto/what-were-building-lightning-development-kit-1ed58b0cab06
As for vanilla Bitcoin I'm not sure I'm objective enough to know what needs doing. It all looks relatively simple to me. There are certain things that will never, ever change such as the lack of reversibility and responsibility for your own keys. If you can't hack it then third parties may do some of the heavy lifting for you. I expect this to increase over time.
https://medium.com/@squarecrypto/what-were-building-lightning-development-kit-1ed58b0cab06
As for vanilla Bitcoin I'm not sure I'm objective enough to know what needs doing. It all looks relatively simple to me. There are certain things that will never, ever change such as the lack of reversibility and responsibility for your own keys. If you can't hack it then third parties may do some of the heavy lifting for you. I expect this to increase over time.
There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.
If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
We can improve the usability of bitcoin and make it one of the universal currency payment system by inviting and convincing other businesses and stores to accept bitcoin for making transaction because it would inspire other businesses and stores too if they heard that a lot of people had been using bitcoin for their daily lives. If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
can anybody tell me how to make money from bitcoin
There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.
If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
If you want bitcoin to turn into a universal currency payment then you must use it more often or recommend it to someone that wants to start investing in the cryptocurrency world. Technically, this will trigger them to open an idea about the crypto world and how to earn real cash using digital money. Sharing to others is the key!. If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
most bitcoins are controlled by a fairly small group of people.
This is an assumption without proof and using this possibly false assumption some nocoiners have based conspiracy theories which again never became true. Thus it is largely possible that the assumption is false and the individual conspiracy theories can be debunked easily using other logical reasoning.Quote
And in the field of mining, the indicator of concentration of capacities in a small group is even higher. Therefore, bitcoin can be called conditionally decentralized.
Another wrong use of words to point towards a central control of bitcoin. Miners never controlled bitcoin. They have only been the agents with the power to mine the block and secure the network using their device's hashpower. For that they get a block subsidy. There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.
If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
Hmm... 🤔
The only way in which it can be made for usage with low risk is risking what is small. Your time, your money, etc. Risk what you can. Don't spend the whole day on it. Just give out some hours. However, if it's about making transactions, building that would help bitcoin as some people can find the basic interface as a reason for getting into crypto.
There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.
If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
I don't think bitcoin or crypto currency can regularized as a universal payment option with this sort of volatility in market.Simple example is nobody does there payment through the shares they have in there wallet,For payment people use Fiat because Fiat is for payment and shares are for investment.Right now bitcoin though it is type of currency but still is used for investment.If you want to use it like fiat two things are necessaryIf bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
1) Low volatility in market just like it happens in fiat correction like -+0.2$ etc
2) conversion of bitcoin in fiat should be banned
Due to its volatility if someone purchase anything of bitcoin 0.00001BTC=2$ but after 2 min market jumps 2$ worth btc becomes 2.5$ dollar than buyer won't be happy and vice versa can happen.
These are points which i feel are creating obstacles in making bitcoin as universal currency.
There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.
If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?
You could do that or you could just start againwith a new coin that learns from all of cryptos mistakes. Neither are likely to happen any time soon.
Probably not, most bitcoins are controlled by a fairly small group of people. And in the field of mining, the indicator of concentration of capacities in a small group is even higher. Therefore, bitcoin can be called conditionally decentralized.
If common establishments like Starbucks or other coffee shops, and known supermarkets will accept bitcoin, I think that is already good application for bitcoin.
In the real world people still consider bitcoin to be criminals money and something to be afraid of. You cant expect an established multinational company to be accepting and endorsing the use of such a currency. When this happens there will be a lot of chaos from mainstream and thus end up being a bad move for coffeeshops. Its like committing career suicide. If the public mentality of bitcoin improves then only it is possible.
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However, most of us are still treating bitcoin as investment, in which, someday we are hoping that it will increase its value. And so as much as possible, we don't want to spend our bitcoin.
This changes with time. Currently people sold bitcoin because they need cash at hand to handle the situation. But when the times were better they were into investing more into it.
There are lots of options we can use bitcoins and other Cryptocurrencies. First use of bitcoin is to send the payment to anybody in world with this new advance technology. 2nd we can use on different websites to purchase what ever you want.3rd option is already going to do some trading. Everywhere we can develop bitcoin as a payment method and use them.
In last we have to used bitcoin as we used our money.
In last we have to used bitcoin as we used our money.
I also think that Starbucks and other stores that are already accepting BTCitcoin is a good example for merchants to start using Bitcoin. A great advance will depend on the government conditions of each country. Merchants need to take that first step in order for Bitcoin and cryptocurrencies to be accepted. Although we are currently living in contingency due to Covid19. Bitcoin and cryptocurrencies are an ideal means of payment.
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