Topic: If bitcoin ever goes mainstream - page 16. (Read 29054 times)
An uptaded list on the states that banned or restricted (more or less) bitcoin: https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/
Hasn't bitcoin already gone mainstream?
No.... Nobody (like one the street people) knows what the fuck bitcoin is... yet.
Agreed. Mainstream is television. Mainstream is google. Bitcoin is not mainstream.
It seems everybody has a different opinion on what the definition of mainstream is, but I don't think bitcoin is there yet. When we can spend our coins in big brand stores and most places online then it will be mainstream, but not until then.
On the fairness of bitcoin distribution: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/
The Bank of England maintains its interest on bitcoin: https://www.cryptocoinsnews.com/bank-england-others-join-inaugural-bitcoin-forum/
Agreed. Mainstream is television. Mainstream is google. Bitcoin is not mainstream.
It's a very specialised appliance, and pretty good in it's niche.
People who try to force it into the Wallmarts for buying bread never understood why Satoshi invented Bitcoin.
Indian authorities seem to be increasingly negative towards bitcoin: https://www.cryptocoinsnews.com/india-cracking-bitcoin/
Bitcoin will go mainstream when whole wallets can be encrypted is such a way that they can be transferred to another person, and the first person will not be able to use any of the addresses therein, and the second person will have control of the addresses to use as his. In addition, nobody else will be able to transfer a wallet he happens to find, unless he has the right PGP address for that wallet.
I like those pics with grandma using bitcoin. I think that shows that we do have a long way to actually being mainstream. However, we have come a long way from just a handful of folks---it's definintely a worldwide phenomenon, just not a mainstream one yet.
Gresham's Law will destroy their fiat savings,
I don't think it will happen that quicky. It will go mainstream but in pace of years not days/months. Because of that it will be smooth change 
Hasn't bitcoin already gone mainstream?
No.... Nobody (like one the street people) knows what the fuck bitcoin is... yet.
Agreed. Mainstream is television. Mainstream is google. Bitcoin is not mainstream.
Mainstream is Nana, Meema, or Grandma using Bitcoin.
When Bitcoin is so easy your Grandma can use it, is when it's truly Mainstream.
I think that in order for bitcoin to become mainstream a few things should happen.
First, some really big and important companies should accept bitcoin.
Promotion should be much stronger and in mainstream media.
Average people should clearly see all benefits of using bitcoin in everyday life.
Bitcoin ATM should be in every corner of the world and many shops (online and offline) should start accepting BTC.
Value of BTC should become stable.
If all this happen I'm sure that BTC will become mainstream, but I'm afraid we are still very far from this point.
If BTC ever goes mainstream its value will raise as rocket and we, early adopters, will become very reach overnight.
First, some really big and important companies should accept bitcoin.
Promotion should be much stronger and in mainstream media.
Average people should clearly see all benefits of using bitcoin in everyday life.
Bitcoin ATM should be in every corner of the world and many shops (online and offline) should start accepting BTC.
Value of BTC should become stable.
If all this happen I'm sure that BTC will become mainstream, but I'm afraid we are still very far from this point.
If BTC ever goes mainstream its value will raise as rocket and we, early adopters, will become very reach overnight.
The better criterium for mainstream seems to be the number of people holding bitcoin. Even if most people already knew about bitcoin and were able to use it (we are still far from this), that wouldn't make bitcoin mainstream if a relevant part of the people (5%, 7%, 10%?) didn't actually have bitcoins. Everyone knows what a diamond is, but real (natural) diamonds are not mainstream.
Hasn't bitcoin already gone mainstream?
No.... Nobody (like one the street people) knows what the fuck bitcoin is... yet.
Agreed. Mainstream is television. Mainstream is google. Bitcoin is not mainstream.
Hasn't bitcoin already gone mainstream?
No.... Nobody (like on the street people) knows what the fuck bitcoin is... yet.
I posted here what I mean by bitcoin at mainstream: https://bitcointalksearch.org/topic/m.10766608
"Blockchain's February announcement that it hit 3 million bitcoin wallet downloads illustrates the product's continued rise in popularity, (14%) this quarter (Slide 
. The total number of bitcoin wallets [taking in account all major wallet providers and downloads] has almost doubled since last year, closing Q1 at 8,457,207." (see http://www.coindesk.com/5-facts-coindesks-state-bitcoin-report-q1-2015/).
Of course, it would be important to know how much of these wallets have an actual balance. And many people have several wallets and downloads every new release.
. The total number of bitcoin wallets [taking in account all major wallet providers and downloads] has almost doubled since last year, closing Q1 at 8,457,207." (see http://www.coindesk.com/5-facts-coindesks-state-bitcoin-report-q1-2015/).Of course, it would be important to know how much of these wallets have an actual balance. And many people have several wallets and downloads every new release.
We shouldn't be using blockchain.info as a source or metric for the rate of adoption Bitcoin has achieved. They're just one company, and even only a provider for online wallets! The best metric I can think of is the transaction volume, and the mere number of transactions that happen per day/week.
How is that transaction volume is a measurement to say that bitcoin has goes mainstream? this is not really a measurement either and by mainstream shouldnt it be measure by how many people that actually knows and use bitcoin? since the transaction volume can be fake as I can keep on sending and receive bitcoin to make it higher
"Blockchain's February announcement that it hit 3 million bitcoin wallet downloads illustrates the product's continued rise in popularity, (14%) this quarter (Slide . The total number of bitcoin wallets [taking in account all major wallet providers and downloads] has almost doubled since last year, closing Q1 at 8,457,207." (see http://www.coindesk.com/5-facts-coindesks-state-bitcoin-report-q1-2015/).
Of course, it would be important to know how much of these wallets have an actual balance. And many people have several wallets and downloads every new release.
. The total number of bitcoin wallets [taking in account all major wallet providers and downloads] has almost doubled since last year, closing Q1 at 8,457,207." (see http://www.coindesk.com/5-facts-coindesks-state-bitcoin-report-q1-2015/).Of course, it would be important to know how much of these wallets have an actual balance. And many people have several wallets and downloads every new release.
We shouldn't be using blockchain.info as a source or metric for the rate of adoption Bitcoin has achieved. They're just one company, and even only a provider for online wallets! The best metric I can think of is the transaction volume, and the mere number of transactions that happen per day/week.
No one should be using Block chain.info to trade Bitcoin. It is perhaps the most unsafe way.
"Blockchain's February announcement that it hit 3 million bitcoin wallet downloads illustrates the product's continued rise in popularity, (14%) this quarter (Slide . The total number of bitcoin wallets [taking in account all major wallet providers and downloads] has almost doubled since last year, closing Q1 at 8,457,207." (see http://www.coindesk.com/5-facts-coindesks-state-bitcoin-report-q1-2015/).
Of course, it would be important to know how much of these wallets have an actual balance. And many people have several wallets and downloads every new release.
. The total number of bitcoin wallets [taking in account all major wallet providers and downloads] has almost doubled since last year, closing Q1 at 8,457,207." (see http://www.coindesk.com/5-facts-coindesks-state-bitcoin-report-q1-2015/).Of course, it would be important to know how much of these wallets have an actual balance. And many people have several wallets and downloads every new release.
We shouldn't be using blockchain.info as a source or metric for the rate of adoption Bitcoin has achieved. They're just one company, and even only a provider for online wallets! The best metric I can think of is the transaction volume, and the mere number of transactions that happen per day/week.
If bitcoin goes mainstream, all the current problems will disappear. It will become like fiat, just a digitized version.
It can't be FIAT, since as per definition FIAT money is money that's been issued by a centralized entity and is destined to be the currency as per law. You also can't exert financial controls, to e.g. counter inflation, like you can with FIAT, since you can't regulate or control Bitcoin in the same way as you can with FIAT.
Maybe not technically fiat as tesco said, but If the government controlled enough of it, couldnt they exert the same economic controls they could with fiat?
Hmmm... I guess they could try if they held enough coins, but I think it would even be quite difficult and maybe impossible to attain that many coins, because they would have to be bought from the open market, much unlike regular FIAT money that can be printed by the issuing entity as it pleases.
In conclusion I guess they would be far too limited in their choice of monetary controls.
If bitcoin goes mainstream, all the current problems will disappear. It will become like fiat, just a digitized version.
It can't be FIAT, since as per definition FIAT money is money that's been issued by a centralized entity and is destined to be the currency as per law. You also can't exert financial controls, to e.g. counter inflation, like you can with FIAT, since you can't regulate or control Bitcoin in the same way as you can with FIAT.
Maybe not technically fiat as tesco said, but If the government controlled enough of it, couldnt they exert the same economic controls they could with fiat?
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