Is Bitcoin actually ready to go mainstream?

Balls

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Quote from: RodeoX on May 27, 2015, 04:16:12 PM

Is it terrible that I don't care? Embarrassed

Bitcoin already has what it needs to get it's shot. It is now out of our hands and into the hands of a more general audience. Not "mainstream", but people of all sorts are using it now and I no longer feel I have to do anything to help. My gut feeling is that it can no longer be stopped.

I agree with everything you said, except that you don't care because I do. I think bitcoin does have all the components to be go mainstream but whether it does or not is down to acceptance by the mainstream and the general public. I think it really needs to get adopted by a huge industry and once it does and if all goes well it should have a snowball effect. I think we just need some patience but we could be in for a long and tedious wait.

BTCevo

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Quote from: Daniel91 on May 28, 2015, 01:09:02 AM

No, it's not ready.
Value of BTC is very unstable and people don't like it much.
In most countries people can't use BTC offline, for buying products or services, can't receive salaries in BTC etc.
Most ''big'' companies like PayPal, McDonald's and other gave up from accepting BTC now.
Still we can't say that Bitcoin is globally accepted. We are very far from it.
A lot work in required by us, BTC users, until this happen.

I guess the value of bitcoin now is going to be stable since it will be halving soon, it will stay just like that or going higher that is only 2 choices in this year and I think in the end of 2015 it will sure going high enough to get some profit. That is one of the point to make bitcoin price is going higher, you need more company to accept bitcoin as their payment

EternalWingsofGod

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Bitcoin works but the technical expertise an average user has does not match with the technical level of an average bitcoin user.

For now the process must be simplified and stupidified in a way that the end user doesn't need to think about coin security and the underlying structure, instead they need a point and click, tap and swipe and be done process with an easy way to reload at least in finance compatible with mobiles, PC's and whatever tech device they want to use.

Then a simple program for merchants to accept it and vendors who are willing to provice cash for BTC the mechanics is what is needed if this can be considered a first gen crytocurrency then subsequent upgrades and revisions will be needed to push it forward to address as many uses as possible.

On the bright side their is still capital and groups trying to do this so we will see how it goes.

Amph

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Quote from: RodeoX on May 27, 2015, 04:16:12 PM

Is it terrible that I don't care? Embarrassed

Bitcoin already has what it needs to get it's shot. It is now out of our hands and into the hands of a more general audience. Not "mainstream", but people of all sorts are using it now and I no longer feel I have to do anything to help. My gut feeling is that it can no longer be stopped.

so you don't care, because you can't do nothing anymore to help it go mainstream, or because its mainstream status is assured already?

Daniel91

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No, it's not ready.
Value of BTC is very unstable and people don't like it much.
In most countries people can't use BTC offline, for buying products or services, can't receive salaries in BTC etc.
Most ''big'' companies like PayPal, McDonald's and other gave up from accepting BTC now.
Still we can't say that Bitcoin is globally accepted. We are very far from it.
A lot work in required by us, BTC users, until this happen.

cryptworld

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Yes,it is ready, I don't see why not should be ready

dollarneed

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Quote from: Slark on May 01, 2015, 07:37:35 AM

Bitcoin is not ready to go mainstream and I am afraid that in its current state it never will be able. There are some problems with bitcoin that cannot be solved easily (or ever).
The main problem is long confirmation times. Usually confirmation time is not a issue at all and whole transaction is done in a minute. But there are times when it took more that 15 minutes.
And confirmation times cannot be lowered because it is part of bitcoin security system, lowering it would risk whole bitcoin network. So for now bitcoin may be good for online shopping but it won't be possible to buy groceries in supermarket with it probably. That is the problem.

yup i agree with this agreement i used bitcoin for online shoping,but in real time i converted my bitcoin to cash for spend it,i think won't be posible to do it but in my country there are shop and hotel used bitcoin for transaction maybe this is good begining for bitcoin

RodeoX

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The revolution will be monetized!

Is it terrible that I don't care? Embarrassed

Bitcoin already has what it needs to get it's shot. It is now out of our hands and into the hands of a more general audience. Not "mainstream", but people of all sorts are using it now and I no longer feel I have to do anything to help. My gut feeling is that it can no longer be stopped.

Bit_Happy

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A Great Time to Start Something!

Quote from: Elwar on May 01, 2015, 04:57:49 AM

More people need to start using bitwage.co to convert all or part of their paychecks to bitcoins.

We need a viable replacement for brawker.com. Possibly via OpenBazaar?

Great reminder Elwar, BTC can be spent at a large list of places, but it is (for many people) still way to hard to earn/obtain.

boopy265420

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Bitcoin has started the process to go mainstream as it has more and more adoption by various but important role players institutions everyday.Latest development the price index addition by NYSE is a huge step towards wall street.These positive news shows bitcoin is already on its way to go mainstream soon.

moriartybitcoin

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★777Coin.com★ Fun BTC Casino!

I don't think bitcoin will go mainstream in North America anytime soon - it is still a solution without a problem. In the undeveloped world, where people lack access to reliable banking or credit card services, it may catch fire in the near future ...

Benjig

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In order for bitcoin to truly hit the masses, it will need to be integrated into the services that people use everyday.

As it turns out, there are a number of entrepreneurs and startups with the common goal of bringing bitcoin to more places, apps, and services:
Coinbase, Bitrated, BlockTrail, TipperCoin, Blockai.

So it is not ready, maybe it was not made for being mainstream but as Fiat complement, it can be..

morteus

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I believe bitcoin will go mainstream, now a days people are becoming sick and tired of the traditional banking system. The banks are nothing more than glorified loan sharks who are only interested in lining their own pockets and the regulatory agency is even more corrupt; bailing out the banks with ta payer money. Bitcoins are a form of freedom as they allow us to perform transactions, buy goods and services without a centralized banking system; a system created by the people, for the people. I personally enjoy using coin.mx; although their rates are a bit high, the transactions/deposit and other services are extremely quick. Kudos to bitcoins and we will see what the future holds.

BTCevo

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Quote from: bandana on May 26, 2015, 10:08:30 PM

obviously it is ready to go mainstream.
bitcoin is used by millions of people worldwide. and most of them dream that bitcoin should be used in real life places.
this is the perfect time for bitcoin to go mainstream.

I dont think bitcoin will go for mainstream now because there is many things to do to make sure that bitcoin is ready for going mainstream. The first thing that we must do for now is make some business that using bitcoin, if there is one business that pay people using bitcoin I guess it will more in the next few months and year. So for now I think it will just stay the same

bandana

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obviously it is ready to go mainstream.
bitcoin is used by millions of people worldwide. and most of them dream that bitcoin should be used in real life places.
this is the perfect time for bitcoin to go mainstream.

MUFC

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Quote from: ?? on ??

Quote from: MUFC on May 06, 2015, 05:03:22 AM

Quote from: ?? on ??

There's too much talk about bitcoin going mainstream, clearly that's not happening in near future. The next area where bitcoin could gain ground right now is in the informal economy. I'm not talking about drugs and other illegal stuff so much as stuff like craigslist, used vehicle sales between individuals, all kinds of stuff like that. Bitcoin is ready for mass adoption in that field and if lots of people were to start using it for that type of trade the ecosystem would grow big-time. At that point, maybe THEN it would be ready for more mainstream commerce. I'm planning on starting a thread on this topic.

Why not? I disagree entirely. I think bitcoin will achieve some mainstream success eventually, but may take a couple of years. Once certain industries realize the potential to save millions they'll likely get on board.

How are you disagreeing with me? I said it won't go mainstream in the near future, I didn't say it won't go mainstream eventually.

And that's what I'm disagreeing with, though maybe you need to define what is 'near future'. I think we'll see quite a substantial growth within 2 years and maybe quite a significant mainstream acceptance within five, though maybe you can state what you think is 'near-future' because to me that seems far in excess of those timeframes I gave.

Amph

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Quote from: MUFC on May 06, 2015, 05:03:22 AM

Bitcoin going mainstream has nothing to do with the price, it has to do with being able to actually spend and use it in the 'mainstream', though of course we would expect with that level of adoption that the value of bitcoin will have risen to meet the demand.

i do think the price play a big role non the less, an increase in price will surely bring more people and rise the overall adoption, it also give bitcoin more purchasing power, which is important for who are holding just few bits

MUFC

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Quote from: sankara87 on May 05, 2015, 09:50:20 AM

No people is too ignorant and lazy, and the bitcoin is not technically ready for billions of people.

The general public might be ignorant and lazy on a whole, but if they can work banklng aps and paypal then they can use bitcoin. Wallets are only going to get easier and safer to use over time too.

Quote from: ?? on ??

There's too much talk about bitcoin going mainstream, clearly that's not happening in near future. The next area where bitcoin could gain ground right now is in the informal economy. I'm not talking about drugs and other illegal stuff so much as stuff like craigslist, used vehicle sales between individuals, all kinds of stuff like that. Bitcoin is ready for mass adoption in that field and if lots of people were to start using it for that type of trade the ecosystem would grow big-time. At that point, maybe THEN it would be ready for more mainstream commerce. I'm planning on starting a thread on this topic.

Why not? I disagree entirely. I think bitcoin will achieve some mainstream success eventually, but may take a couple of years. Once certain industries realize the potential to save millions they'll likely get on board.

Quote from: Amph on May 06, 2015, 01:21:48 AM

Quote from: sankara87 on May 05, 2015, 09:50:20 AM

No people is too ignorant and lazy, and the bitcoin is not technically ready for billions of people.

is not something that bitcoin or we, can decide, mainstream is a thing that will come naturally, there isn't an enttity that drives it

also we should define meanstram, because for someone is just a price increase for other is when bitcoin will be used alone for purchasing stuff, not dumped for fiat everytime

Bitcoin going mainstream has nothing to do with the price, it has to do with being able to actually spend and use it in the 'mainstream', though of course we would expect with that level of adoption that the value of bitcoin will have risen to meet the demand.

Snail2

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Quote from: BitUsher on May 04, 2015, 02:58:33 PM

Unfortunately no.
Items needed:
Better privacy.
Reverse of centralization trend
Better security(hardware wallets)
Higher TPS(Transactions per second)

Pretty good summary. I'd add blockchain pruning to the list. Downloading the blockchain takes ages, and the workarounds are insecure (web wallets) or promoting a sort of centralization (lite clients).

Amph

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Quote from: sankara87 on May 05, 2015, 09:50:20 AM

No people is too ignorant and lazy, and the bitcoin is not technically ready for billions of people.

is not something that bitcoin or we, can decide, mainstream is a thing that will come naturally, there isn't an enttity that drives it

also we should define meanstram, because for someone is just a price increase for other is when bitcoin will be used alone for purchasing stuff, not dumped for fiat everytime

Topic: Is Bitcoin actually ready to go mainstream? (Read 3621 times)