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Topic: Is bitcoin ready for the mainstream? (Read 1696 times)

hero member
Activity: 810
Merit: 1000
June 07, 2014, 08:14:20 PM
#36
No way in hell.

For Bitcoin to be mainstream ready, people shouldn't even have to know what the blockchain, cold storage, or public key cryptography are.

here here...BTC needs to have a front end that Joe public can use without the need to understand any of the technical aspects. e.g. do ppl know how VISA does short term money market deals in order to use a credit card, the answer is no
member
Activity: 91
Merit: 10
June 07, 2014, 12:21:58 PM
#35
Bitcoin is ready. The question is is the mainstream ready for it?
member
Activity: 145
Merit: 10
newbie
Activity: 59
Merit: 0
June 07, 2014, 12:04:14 PM
#33
No way in hell.

For Bitcoin to be mainstream ready, people shouldn't even have to know what the blockchain, cold storage, or public key cryptography are.
sr. member
Activity: 448
Merit: 250
June 07, 2014, 11:48:03 AM
#32
not until block chain pruning is implemented and the block size limit is removed.
right now bitcoin can't support more than 7 transactions per sec.
hero member
Activity: 714
Merit: 500
June 07, 2014, 11:22:21 AM
#31
Definitely not. Hacks and robberies are even occurring to the most tech savvy users. If we really want Bitcoin to become mainstream, then we should invent a method to prevent all these robberies. Also, there are no reliable Bitcoin exchanges right now. The existing exchanges, are not that trustworthy. No one knows when another Mt Gox will happen.
Define tech savvy.
I met a lot of people, who don't know shit about technology, but brag about there knowledge, because they once read something on wikipedia.
I even worked with people in Software Developing Companies, who were not able to read code somebody else wrote and their own code was just shit, but would also tell everybody what great Computer Specialists they are.
sr. member
Activity: 476
Merit: 250
June 07, 2014, 11:15:21 AM
#30
We'll probably never see more than 0.1 % of the world's population use Bitcoin. Currently, we're at 0.01 %.
legendary
Activity: 834
Merit: 1015
June 07, 2014, 10:57:31 AM
#29
Bitcoin is ready, maybe people are not
sr. member
Activity: 406
Merit: 250
June 07, 2014, 12:28:56 AM
#28
Definitely not. Hacks and robberies are even occurring to the most tech savvy users. If we really want Bitcoin to become mainstream, then we should invent a method to prevent all these robberies. Also, there are no reliable Bitcoin exchanges right now. The existing exchanges, are not that trustworthy. No one knows when another Mt Gox will happen.

If people can get their bitcoins stolen then they can also have their bank accounts drained.

I have had my bank account funds drained 4 times in the last six years by fraudsters. I was made whole each time but the very nature of the system is insecure. With BTC a few very basic steps can keep your wallet safer than a bank.
full member
Activity: 141
Merit: 100
June 07, 2014, 12:22:11 AM
#27
Wow. Thanks for all of the discussion here! Great to see some opinions flowing through this thread.
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
June 06, 2014, 01:48:30 PM
#26
"someone will be left holding the bag at the end"

Yep - those that get in early will be holding a big bag of money.
JJB
full member
Activity: 131
Merit: 100
June 06, 2014, 07:41:39 AM
#25
Definitely not. Hacks and robberies are even occurring to the most tech savvy users. If we really want Bitcoin to become mainstream, then we should invent a method to prevent all these robberies. Also, there are no reliable Bitcoin exchanges right now. The existing exchanges, are not that trustworthy. No one knows when another Mt Gox will happen.

There are a few safe hardware wallets out and I'm sure many more safe methods of storing your coins will become available very soon.
311
full member
Activity: 230
Merit: 100
Come original.
June 06, 2014, 07:40:21 AM
#24
Definitely not. Hacks and robberies are even occurring to the most tech savvy users. If we really want Bitcoin to become mainstream, then we should invent a method to prevent all these robberies. Also, there are no reliable Bitcoin exchanges right now. The existing exchanges, are not that trustworthy. No one knows when another Mt Gox will happen.

If people can get their bitcoins stolen then they can also have their bank accounts drained.
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
June 06, 2014, 07:31:12 AM
#23
I do not think it is as transactions take so long.
Alot of my friends always think of it as a ponzi hehe they always say "someone will be left holding the bag at the end"

but yeah it is becoming so much popular as days go on!
legendary
Activity: 3766
Merit: 1217
June 06, 2014, 07:26:29 AM
#22
Definitely not. Hacks and robberies are even occurring to the most tech savvy users. If we really want Bitcoin to become mainstream, then we should invent a method to prevent all these robberies. Also, there are no reliable Bitcoin exchanges right now. The existing exchanges, are not that trustworthy. No one knows when another Mt Gox will happen.
legendary
Activity: 952
Merit: 1005
--Signature Designs-- http://bit.ly/1Pjbx77
June 06, 2014, 07:09:09 AM
#21
Bitcoin is not ready to go mainstream yet. It is still very difficult for most to buy bitcoin and it is too technical to send and receive coins. We need a wireless bitcoin off-the-chain payment system similar to NFC for bitcoin to be widely accepted. That day will come.
sr. member
Activity: 277
Merit: 250
June 06, 2014, 06:59:52 AM
#20
I don't think it's ready. We need more secure ways to protect Bitcoins and it needs to be much moar stable to be widely accepted. It also needs to be much easier to buy.
legendary
Activity: 1260
Merit: 1029
June 06, 2014, 06:58:42 AM
#19
You need eather
1) new friends
or
2) better way of explaning to ppl what btc is. It's all question of how do you explain something to someone else. You can do it good way, and bad way.

But to answer your qustion....is it ready? I dont see why not. But it could use little bit more of high quality services around itself.
sr. member
Activity: 952
Merit: 281
June 06, 2014, 06:21:45 AM
#18
I can't answer your poll.  My answer isn't in your list of choices.

I don't think additional lobbying or "official support is necessary for it to be mainstream".  I expect that to happen, but it could go mainstream without it.

I don't think the image is a problem.  It has the image problem because it isn't mainstream (not the other way around).  People fear what they don't understand, and they don't understand what they don't use.  Much like people feared the automobile when it first came out.  Look at old images of very early automobiles, you'll find they look like horse drawn carriages without the horses.  This is all they understood at the time.  Initially people try to fit new technologies into the boxes they understand. Eventually the technology develops into its own best uses.  The image will improve on its own as adoption increases.

I don't think there are major "flaws" that need to be fixed before it can go mainstream.  There are adjustments that will increase throughput that can be made as the needs arise, and there are usability features that need to improve.  But these are enhancements and new layers of feature additions, not "flaws".

I certainly wouldn't just say, "No way!", but I also can't say that it is "Completely ready to go." There is work to be done to make the network more robust.  There is a need for additional open source wallets.  There are usability and security features that need to be added.  There are mining pool enhancements that need to be implemented.

Add an option for, "Not until Bitcoin gets additional features for security, robustness, and usability."  Then I'll vote in your poll.
Very good points, especially about fearing or not understanding technology.

My friends sometimes are skeptical about bitcoin because they don't understand how they are made. I always ask them why the use fiat if they do not understand how money is printed and money supply is controlled and expanded/contracted Smiley
legendary
Activity: 3472
Merit: 4801
June 06, 2014, 05:55:37 AM
#17
I can't answer your poll.  My answer isn't in your list of choices.

I don't think additional lobbying or "official support is necessary for it to be mainstream".  I expect that to happen, but it could go mainstream without it.

I don't think the image is a problem.  It has the image problem because it isn't mainstream (not the other way around).  People fear what they don't understand, and they don't understand what they don't use.  Much like people feared the automobile when it first came out.  Look at old images of very early automobiles, you'll find they look like horse drawn carriages without the horses.  This is all they understood at the time.  Initially people try to fit new technologies into the boxes they understand. Eventually the technology develops into its own best uses.  The image will improve on its own as adoption increases.

I don't think there are major "flaws" that need to be fixed before it can go mainstream.  There are adjustments that will increase throughput that can be made as the needs arise, and there are usability features that need to improve.  But these are enhancements and new layers of feature additions, not "flaws".

I certainly wouldn't just say, "No way!", but I also can't say that it is "Completely ready to go." There is work to be done to make the network more robust.  There is a need for additional open source wallets.  There are usability and security features that need to be added.  There are mining pool enhancements that need to be implemented.

Add an option for, "Not until Bitcoin gets additional features for security, robustness, and usability."  Then I'll vote in your poll.
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