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Topic: In terms of acceptance of bitcoins... (Read 1395 times)

hero member
Activity: 560
Merit: 500
May 25, 2017, 07:03:07 AM
#46
Maybe when all of the country in the world and all big businesses that has in the influence in the social and physical world will accept bitcoins maybe thats the time when they will realize that bitcoins is worthy to spend money into it
full member
Activity: 350
Merit: 100
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

You shouldnt be worrying about that too much coz youd probably be dead by then.
But to answer the question, its kind of possible and impossible, coz people love money. And bitcoins have great value and will obviously increase in value plus it can make things easier, there would probably be a lot of people drawn into it. But the sad thing is that people see bitcoins as something bad or illegal because of the people using it for illegal things. Also, the banks feeding the media want the crypto currencies ruined, so i really don't know so i just wouldn't bother. Its good to focus about today and the near future for now rather than stress yourself about the far future that you wont even get to reach.
legendary
Activity: 3038
Merit: 1169
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

People will surely cling to money and bitcoin is a par with money because if it is converted it is equivalent to any fiat but has a bigger price value because of the increase it does right now, but most people don't have such knowledge that bitcoin is like that I am still encountering some if I question him about bitcoin they don't have any idea about it, I think bitcoin is famous on the side of people that have open their minds on what bitcoin really is I think those kind of people need to open up their minds just like me, I just have a friend that had open up my mind and eyes on what bitcoin can really do.
hero member
Activity: 994
Merit: 544
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

I'd rather say it is a fantasy (or even a lunacy of sorts)

Basically, the point you raise has nothing to do with accepting or rejecting the concept of bitcoin (usefulness, or utility, is an entirely different aspect or point, just in case). Many people don't have a clue about the concept behind fiat money they are using daily but do they care or does it somehow limit their ability of using money? To drive a car you don't need to be a mechanic to know which parts the internal combustion engine consists of, you don't need to be an engineer either to understand how it works

Definitely that is a fact that majority of people today are having that kind of characteristics. People have become concerned about how to do it but no longer on what makes it work. With regards to bitcoin people are more concerned with how to get profit our of bitcoins and how to use bitcoins without being knowing what is bitcoin and why did the Satoshi made it. The concept behind bitcoin may not be very crucial to the majority but as long as bitcoin has its uses and a value people and the business sector will going to adopt it.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

I'd rather say it is a fantasy (or even a lunacy of sorts)

Basically, the point you raise has nothing to do with accepting or rejecting the concept of bitcoin (usefulness, or utility, is an entirely different aspect or point, just in case). Many people don't have a clue about the concept behind fiat money they are using daily but do they care or does it somehow limit their ability to use money? To drive a car you don't need to be a mechanic to know which parts the internal combustion engine consists of, you don't have to be an engineer either to understand how it works. It is the same with Bitcoin, ultimately it all comes down to convenience and utility
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

you can't blame them, many don't yet accept bitcoin because it is not regulated and they are running a legit business and going towards adopting bitcoin is a lot of work and paperwork for their legal department. and they have not yet seen enough demand from their users.
but when bitcoin becomes regulated, like what we are witnessing in Japan, many more businesses start accepting bitcoin and also regular people also start buying bitcoin because it is less scary now.
sr. member
Activity: 392
Merit: 250
Dijual
Well they may not like it culturally. Because common knowledge on internet businesses is that it is not easy to trust because you cant see the person in reality and they may just fake it. And you cant easily explain cryptography in one setting to people who does not understand the concept of cryptocurrency.
sr. member
Activity: 546
Merit: 255
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??
It is not a childish dream, it is possible that majority of people will also start to accept and use bitcoin in their daily lives. When more and more country or government accepted bitcoin and spread the news about it, even people who are not that really into technology will basically understand what bitcoin and what its potential is. Let's just give it more time and I'm sure that peak for bitcoin will be soon be reached.
sr. member
Activity: 1456
Merit: 359
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??
In our wild bitcoin will never be become the our main money like fiat. Bitcoin will never be become that but bitcoin will become legally payment that all of the governments will accept bitcoin. I predict that 10 years from now that the bitcoin is now using in our daily lives.
sr. member
Activity: 882
Merit: 260
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??
We can not tell when those closw minded people open their mind for the significant value and advantage of bitcoin. However, if government support it I think progress would be fster where in people would be convinced more as they see how legit and helpful bitcoin is.
member
Activity: 84
Merit: 10
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

The majority don't accept it as a currency (takes too long to confirm, can't be used offline), but do accept the concept of bitcoin as an asset. At the end of the day everyone can choose how they use bitcoin but I don't think it will become widely used in every day lives unless there is some more groundbreaking development that happens.
member
Activity: 98
Merit: 10
So would it be really possible??? That we are still alive when majority is using butcoins and less are in favor of fiat??
I mean the number of fiat users will be the number of user of btc and the number of btc users will be the users of fiat or less...
At age 22, will i still reach that point??
legendary
Activity: 1848
Merit: 1000
I think it will be much sooner then we think, already this year there have been a lot of positive articles in the media about bitcoin, Japan's move also has been a massive step forward.

2017 & 2018 will be where bitcoin breaks out into the mainstream.
full member
Activity: 211
Merit: 100
Bitcoin is very volatile. We can't blame them if they wont accept bitcoin. That's why majority still prefer fiat because its more stable than bitcoin. For me, bitcoin is only good for investment. Still, bitcoin will never use by majority as many countries already prohibits their people from using this technology. But i still believe cashless world is possible.

Yes, cash is always stable, it does not have much effect. Bitcoin is different, it is severely market dominated, so it is difficult for them to accept bitcoin, but they can.
sr. member
Activity: 490
Merit: 250
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??

We're currently experiencing a bloody hell here. But look at the news, Japan is open in legalizing bitcoins and I think because of Japan's influence (known from it's economic standard and how they cope up with problem), some countries will follow. Of course our main problem is about people don't have the knowledge on cryptocurrencies, they don't even know the word " Bitcoins ". Or some are just to afraid to try because these so called coins came from the underground of the internet. What's wrong in fiat is that the banks almost owns anything and taxes are everywhere. In terms of transactions in everyday lives especially in the third world countries, fiat is ideal because not everyone has internet connection (mentioning that internet connection in the third world are so expensive) and some people can barely buy a proper smartphone.

It's not childish, it would take time but I think this will be worth the wait.
sr. member
Activity: 560
Merit: 269
Bitcoin is very volatile. We can't blame them if they wont accept bitcoin. That's why majority still prefer fiat because its more stable than bitcoin. For me, bitcoin is only good for investment. Still, bitcoin will never use by majority as many countries already prohibits their people from using this technology. But i still believe cashless world is possible.
hero member
Activity: 3010
Merit: 794
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??
Only people who have not realized the potential of bitcoin would not accept bitcoin.Bitcoin has already proved its worth in the past eight years and its price has increased fro $750 to $2000 within six months.If they still refuse to accept bitcoin,then they would be leaved alone from the main stream of economic development.They would be the losers and they would regret for their decisions in future.
If they able to see the previous price on previous years of bitcoin and didnt decide to engage with it while its still cheap then they do really regret as of now but for those persons who dont know totally i think they wont really not matter or bother theirselves because they are just purely believing and dependent on local fiat.It may become the mainstream in future but being accepted by all people would really remains as a dream.
legendary
Activity: 1442
Merit: 1025
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??
Of course it could happen. As we move to a more global economy it seems more and more possible.
However, because bitcoin is so new, and there are so many bugs and issues that it will definitely be at least 10 years and most likely more before this could happen. Fiat currency just makes much more sense for the time being. Eventually though it is possible.
hero member
Activity: 490
Merit: 500
in our world today, lots of people have accepted bitcoin and has been using it.
But the majority, still won't accept the concept of bitcoin and its usefulness and still prefer fiat money.
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??
Only people who have not realized the potential of bitcoin would not accept bitcoin.Bitcoin has already proved its worth in the past eight years and its price has increased fro $750 to $2000 within six months.If they still refuse to accept bitcoin,then they would be leaved alone from the main stream of economic development.They would be the losers and they would regret for their decisions in future.
hero member
Activity: 826
Merit: 501
As how closed those other people's minds are right now, how much time do you think it would take for everyone to accept the concept of bitcoins??
Or is it just a childish dream and will never happen??
Majority of people who claims they are not in love with bitcoin are still holding large number of bitcoins because even a child can understand the future potential of bitcoin. And who don't love to make cross border transactions with minimal fee and almost instantly?

Many have already started to use bitcoin and this number will grow exponentially within next few years. No, it is not a childish dream..
I guess they are just not really in this kind of techonology and still they are not really to adopt this kind of techonology in the aspect of money but still what we need is the cooperation of the government that is almost impossible and partnershipss of the company which is a good thing.
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