With no charge-backs it has less of a cost to accept bitcoin than credit cards so places could offer a slight discount for it to entice consumers to use bitcoin.
You'd think that more retailers would be up on this by now as this payment format is better for everyone and even if there are customer service issues, they could just refund in bitcoin like it's no big deal. 
Topic: Mainstream Adoption - page 3. (Read 6460 times)
With no charge-backs it has less of a cost to accept bitcoin than credit cards so places could offer a slight discount for it to entice consumers to use bitcoin.
The biggest obstacle is the lack of Bitcoin marketing:
https://bitcointalksearch.org/topic/a-path-to-greater-bitcoin-adoption-1160780
People can't use Bitcoin if they don't know it exists and what it can do.
That is for the companies who build upon bitcoin to do, no such thing as a commercial for the wonders of internet (without an isp being involved) or the commercial for Car (without a manufacturer involved)https://bitcointalksearch.org/topic/a-path-to-greater-bitcoin-adoption-1160780
People can't use Bitcoin if they don't know it exists and what it can do.
People know what the internet is. They don't know what Bitcoin is.
The same goes for Comcast. People know what Comcast is. They don't know what Bitcoin is.
Bitcoin needs marketing.
Starts at 2:40 "What the hell is this internet thing?" That quote will be where you can listen.
You see we need the companies who are investing a lot to go ahead and and advertise and bring awareness, it makes them money.
Ah, I see. I completely agree.
The biggest obstacle is the lack of Bitcoin marketing:
https://bitcointalksearch.org/topic/a-path-to-greater-bitcoin-adoption-1160780
People can't use Bitcoin if they don't know it exists and what it can do.
That is for the companies who build upon bitcoin to do, no such thing as a commercial for the wonders of internet (without an isp being involved) or the commercial for Car (without a manufacturer involved)https://bitcointalksearch.org/topic/a-path-to-greater-bitcoin-adoption-1160780
People can't use Bitcoin if they don't know it exists and what it can do.
People know what the internet is. They don't know what Bitcoin is.
The same goes for Comcast. People know what Comcast is. They don't know what Bitcoin is.
Bitcoin needs marketing.
The biggest obstacle is the lack of Bitcoin marketing:
https://bitcointalksearch.org/topic/a-path-to-greater-bitcoin-adoption-1160780
People can't use Bitcoin if they don't know it exists and what it can do.
https://bitcointalksearch.org/topic/a-path-to-greater-bitcoin-adoption-1160780
People can't use Bitcoin if they don't know it exists and what it can do.
People were scared in his day of adopting credit cards, of paying through transfers, and of buying and selling online.
I think that Bitcoin has to stablish bit by bit. Also volatility is an issue that I think could be solved if many more people used it.
I think that Bitcoin has to stablish bit by bit. Also volatility is an issue that I think could be solved if many more people used it.
Right. Although six years old this technology still is in early stages. So every actual participant is also an early adopter.
And is you said completely new things need time to be understand and accepted. The internet in it's early days had to fight with the same prejudices and mainstream media brainwashing as we see it now with Bitcoin.
So having patience and a long breath is recommended.
I totally agree with all of this. Bitcoin is still in its infancy, we are only 6 years into an innovative, totally new technology. Did people really expect bitcoin to be the most used currency in the world by now at 1 million dollars each or something?
It's a long, long, long waiting game, if you don't have the stomach for it sell up & get out. Nothing good in life comes easily. Mainstream adoption will take years, maybe decades. Just set up some cold storage & chill out, enjoy life.
Bitcoin is a long term investment, look at it as a retirement fund. Keep accumulating whilst coins are cheap & hopefully one day in the future we will be the new wealthy elite.
The adoption of bitcoin is not going to happen overnight for all, Its about having the drive to start something new out of the Box.
Right. Although six years old this technology still is in early stages. So every actual participant is also an early adopter.
And is you said completely new things need time to be understand and accepted. The internet in it's early days had to fight with the same prejudices and mainstream media brainwashing as we see it now with Bitcoin.
So having patience and a long breath is recommended.
I would say that mass adaptation has not happened yet because so few people know what Bitcoin is and many think that the price of bitcoin is going to collapse. Since this almost happened at the beginning of the year, this has caused many to back away from the cryptocurrency and stick to fiat. Until the price stabilizes and more people become more aware of Bitcoin, the sooner mass adaptation will happen.
The adoption of bitcoin is not going to happen overnight for all, Its about having the drive to start something new out of the Box.
Nobody wants to adopt change that is the difficulty bitcoin is facing at a moment. People are so busy with their personal and professional they don't want to invest their time in learning something new.
That's correct, bitcoins can get into mainstream adoption only if the maximum number of people across the globe starts using bitcoins as a currency, and for that we also need that even a small merchant should start accepting bitcoins as a mode of payment, if the adoption level keeps on increasing day by day, it can get into mainstream or else not.
Nobody wants to adopt change that is the difficulty bitcoin is facing at a moment. People are so busy with their personal and professional they don't want to invest their time in learning something new.
Paretos law says we only need the 20% to understand bitcoin. They will create the technology and services to harness bitcoin for the hopeless 80% I think were well on our way to mainstream adoption.
Hey guys,
It's been dawning on me for some time that there is one thing that businesses must hate.. credit card fees. So with this in mind why is mainstream adoption taking so long! We're not saying invalidate fiat currency and only accept BTC or Alt-coin but businesses don't seem to want to touch it?
What do you guys think the real issue is? Education among consumers and businesses? Volatile BTC price?
Tully
It's been dawning on me for some time that there is one thing that businesses must hate.. credit card fees. So with this in mind why is mainstream adoption taking so long! We're not saying invalidate fiat currency and only accept BTC or Alt-coin but businesses don't seem to want to touch it?
What do you guys think the real issue is? Education among consumers and businesses? Volatile BTC price?
Tully
There are fees with bitcoin too but that aspect of bitcoin still favors bitcoin when compared to credit card fees. Still though, to the average user, .0001 is too much of a transaction fee for too many average transactions. People really need to be more careful with the fees in bitcoin. I don't think it should ever be a percentage like it is with credit cards and I think that 10,000 satoshi should be respected as WAY too much of a transaction fee. Such a large fee discredits the value of bitcoins.
Other than the fees, the user experience is hugely problematic. Nerds and geeks who eat/sleep/breath tech will tell you all is just fine but don't listen to them because they only speak for themselves and NOT for mass adoption of bitcoin. Improve the user experience and bitcoin can be valuable and it has to happen sooner than later or else some other commercial enterprise will just issue the equivalent of wooden nickels and further discredit alternate currencies.
Of course then there are plenty of people who could care less about mainstream adoption and would be fine with it staying as it is now or even going further underground.
Adoption and acceptance are increasing at a brisk pace, despite all the setbacks. Everyday, new companies are accepting payments in BTC. So be optimistic!
I think that before mainstream adoption bitcoin needs to change, should become easier, simpler and safer to use.
If, for example, we can't explain bitcoin in five minutes to old users, they will not use it.
We also need good infrastructure, a lot bitcoin ATM around the world, bitcoin debit cards widely accepted in the world, a lot ''big'' merchants accepting bitcoin etc.
adoption is not a clear and easy path. There will be corrections and bumps in the road but if the tech is solid, in time it will be adopted. If anything, your example of the internet shows the potential of Bitcoin, not its demise. If, for example, we can't explain bitcoin in five minutes to old users, they will not use it.
We also need good infrastructure, a lot bitcoin ATM around the world, bitcoin debit cards widely accepted in the world, a lot ''big'' merchants accepting bitcoin etc.
Hey guys,
It's been dawning on me for some time that there is one thing that businesses must hate.. credit card fees. So with this in mind why is mainstream adoption taking so long! We're not saying invalidate fiat currency and only accept BTC or Alt-coin but businesses don't seem to want to touch it?
What do you guys think the real issue is? Education among consumers and businesses? Volatile BTC price?
Tully
It's been dawning on me for some time that there is one thing that businesses must hate.. credit card fees. So with this in mind why is mainstream adoption taking so long! We're not saying invalidate fiat currency and only accept BTC or Alt-coin but businesses don't seem to want to touch it?
What do you guys think the real issue is? Education among consumers and businesses? Volatile BTC price?
Tully
The main problem to get Bitcoin to mainstream adoption is to create enough reputation to deem it a valid currency.
You would be surprised to see how many people think Bitcoin is just "some faux money" or "ponzi scheme" or other stuff.
Most never even heard the word Bitcoin, many heard something on tv or read an article or two, but even when you will introduce them to it and will try to explain how new the concept is, they will look at you like a weirdo believing in bullshit and multilevel marketing and dismiss the discussion.
It's a slow progress, like with anything disrupting, like it was with internet in the early days.
Just wait some years, the boom will come.
I think that before mainstream adoption bitcoin needs to change, should become easier, simpler and safer to use.
If, for example, we can't explain bitcoin in five minutes to old users, they will not use it.
We also need good infrastructure, a lot bitcoin ATM around the world, bitcoin debit cards widely accepted in the world, a lot ''big'' merchants accepting bitcoin etc.
If, for example, we can't explain bitcoin in five minutes to old users, they will not use it.
We also need good infrastructure, a lot bitcoin ATM around the world, bitcoin debit cards widely accepted in the world, a lot ''big'' merchants accepting bitcoin etc.
It took about 10 years for big companies to jump on the whole 'internet thing' and then even longer for e-commerce. My guess is they'll take to it a little faster now that the world is more comfortable with computers but I don't expect them to just jump on it.
The internet was kind of a no brainer. There was nothing to lose by getting on there at the time.
BTC needs to reach the no brainer level too before something similar happens. I dunno what'll get it there but maybe we'll find out in the next few years.
I think bitcoiner are really impatient about this mainstream adoption bitcoin is not even 10 years old now, give it time.
It took about 10 years for big companies to jump on the whole 'internet thing' and then even longer for e-commerce. My guess is they'll take to it a little faster now that the world is more comfortable with computers but I don't expect them to just jump on it.
The internet was kind of a no brainer. There was nothing to lose by getting on there at the time.
BTC needs to reach the no brainer level too before something similar happens. I dunno what'll get it there but maybe we'll find out in the next few years.
Jump to: