Mainstream Adoption - page 4. | Bitcointalksearch.org

bitcollins85

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Quote from: tully on July 17, 2015, 04:58:12 PM

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 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.

Razick

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Quote from: tully on July 17, 2015, 04:58:12 PM

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

One reason is that consumers don't benefit from lower transaction costs because credit card networks require that merchants treat credit cards the same as cash.

hunnaryb

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Quote from: ransomer on July 27, 2015, 02:35:46 PM

Quote from: Amph on July 27, 2015, 02:11:46 PM

Quote from: ransomer on July 27, 2015, 01:58:05 PM

"until my grandmother can use and store bitcoins perfectly safely, it is not ready for mass adoption".

then wait for the next generation, because current one are too locked up in their past, they can't understand new tech new grandmother should be tech savy enough for bitcoin, after all we have a long way until the mining supply will be depleted

It will (hopefully) happen within a few years. In 1995 the Internet was not useful for anyone's grandmother... only a few years later the user-interfaces made it useful for everyone.

The inflow of investing into bitcoin this year was about the same as the investor inflow into the Internet in 1995.

We are basically where the Internet was in 1995... and let's hope we see the same big leaps in terms of usability that meant the Internet was so successful.

Agreed, Same was the scenario when internet came into existence, and people started to make some weird faces and didn't support internet as a technology.

But today, everyone is using it and it has become the necessity of the people worldwide, Same would be with bitcoins, it needs time and in future it would have the same impact as internet is having today.

ransomer

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Quote from: Amph on July 27, 2015, 02:11:46 PM

Quote from: ransomer on July 27, 2015, 01:58:05 PM

"until my grandmother can use and store bitcoins perfectly safely, it is not ready for mass adoption".

then wait for the next generation, because current one are too locked up in their past, they can't understand new tech new grandmother should be tech savy enough for bitcoin, after all we have a long way until the mining supply will be depleted

It will (hopefully) happen within a few years. In 1995 the Internet was not useful for anyone's grandmother... only a few years later the user-interfaces made it useful for everyone.

The inflow of investing into bitcoin this year was about the same as the investor inflow into the Internet in 1995.

We are basically where the Internet was in 1995... and let's hope we see the same big leaps in terms of usability that meant the Internet was so successful.

Amph

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Quote from: ransomer on July 27, 2015, 01:58:05 PM

"until my grandmother can use and store bitcoins perfectly safely, it is not ready for mass adoption".

then wait for the next generation, because current one are too locked up in their past, they can't understand new tech new grandmother should be tech savy enough for bitcoin, after all we have a long way until the mining supply will be depleted

ransomer

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Quote from: pereira4 on July 27, 2015, 12:37:15 PM

Quote from: hangar18 on July 27, 2015, 11:54:04 AM

What average joe needs is an online wallet service that works like a bank
Banks exist because people prefer trusting them to store their savings then trusting themselves to do it.

It already exists:

https://xapo.com/vault/

You can have your Bitcoins on there, if you trust that they will not screw up. Caesars Wenceslao seems like a very trustable person and a long termer for BTC. I would trust it if I was clueless in how to run my own wallet.

Would you trust Xapo with your money - or to you think Citibank or another major bank is better at keeping money safe?

Of course banks are far far far better.

We can dislike banks for many ideological and political reasons, but let's think clearly here... for almost anyone in the developed world banks keep money safe far far far far better than any of the (let's call them...) bitcoin banks (online wallets).

But..... when bitcoins can be kept safe..... then adoption will explode!

ransomer

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"until my grandmother can use and store bitcoins perfectly safely, it is not ready for mass adoption".

pereira4

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Quote from: hangar18 on July 27, 2015, 11:54:04 AM

What average joe needs is an online wallet service that works like a bank
Banks exist because people prefer trusting them to store their savings then trusting themselves to do it.

It already exists:

https://xapo.com/vault/

You can have your Bitcoins on there, if you trust that they will not screw up. Caesars Wenceslao seems like a very trustable person and a long termer for BTC. I would trust it if I was clueless in how to run my own wallet.

hangar18

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What average joe needs is an online wallet service that works like a bank
Banks exist because people prefer trusting them to store their savings then trusting themselves to do it.

Mickeyb

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Move On !!!!!!

Quote from: tully on July 17, 2015, 04:58:12 PM

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 a trust. I think honestly that people have just hard time believing and trusting some Internet tokens and change them for real money as they see it. People are just careful, you know how your mom teached you not to trust everyone with you finances. This is what's happening. This trust needs to be earned and it takes time. But we are getting there, with the turtle speed but we are getting there in my opinion.

Searing

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Clueless!

Quote from: misterycoins on July 25, 2015, 06:07:44 PM

education and understanding (i.e. people don't care, they are too busy for this). But really it is still too complex for most people to bother with Bitcon

The only way I see it happening if some big firms started taking Bitcoin like Ebay...then a lot of stuff would be available from the 3rd world for purchase with bitcoin

ie..no pesky cc etc or banks or wire xfers...the security is in the bitcoin (from ebay's point of view) not an issue with such xfers from overseas all of a sudden

and from the buyers (or seller of items) on ebay from such 3rd world areas of the world I would assume they could trust Ebay as well go around their sometime
crooked gov't and/or crooked high fee banks etc....would be pretty seamless for both parties I would assume ..especially if Ebay promoted it as a way to expand
their customer base in a big way

but then again I thought I'd have seen more action on that kinda thing by now ...and so far not up to my expectations... I am probably Naive

my 2 satoshi's worth

misterycoins

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education and understanding (i.e. people don't care, they are too busy for this). But really it is still too complex for most people to bother with Bitcon

zeraTunerse

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Quote from: grahamdebarra on July 23, 2015, 09:08:37 AM

The State of Bitcoin Q2 revealed that merchant adoption has been slow this year. Perhaps a reason for this is the ambiguity over the regulation of btc payments. I think with more time the market will be trialed and tested and more business will eventually begin to feel comfortable accepting the currency in their business.

Only merchant adoption would not serve the purpose, we want that the maximum number of individuals also start adopting bitcoins as a currency then only it can hit the mainstream,but as still many are unaware about the bitcoins so it will take time for mainstream adoption.

gentlemand

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Welt Am Draht

Quote from: grahamdebarra on July 23, 2015, 09:08:37 AM

The State of Bitcoin Q2 revealed that merchant adoption has been slow this year. Perhaps a reason for this is the ambiguity over the regulation of btc payments. I think with more time the market will be trialed and tested and more business will eventually begin to feel comfortable accepting the currency in their business.

I think it's purely down to lack of adoption by the people. If retailers who were considering it saw others who had making a ton then it's a no brainer. Processors like Bitpay and Coinbase deal with the tricky stuff.

People who have coins now are either hoarding for the future or don't want to spend at a loss. People who don't have coins really don't have an incentive to get any and spend them right now.

TeamButtcoin

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Quote from: grahamdebarra on July 22, 2015, 05:55:52 PM

Adoption for bitcoin and other crypto currencies is only inevitable and it is coming within a few years.

The death of the sun is inevitable. The adoption of bitcoin is not

grahamdebarra

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The State of Bitcoin Q2 revealed that merchant adoption has been slow this year. Perhaps a reason for this is the ambiguity over the regulation of btc payments. I think with more time the market will be trialed and tested and more business will eventually begin to feel comfortable accepting the currency in their business.

misterycoins

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Most Average Joe's don't understand the workings of the engine of the car they drive or the internal workings of the transistors in the electronic gadgets they use. They just learn how to use the product & trust that it functions as expected. Bitcoin is no different. They just need to learn how to send, receive & secure their bitcoins without really knowing how the transactions are secured in the blockchain.

hunnaryb

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Quote from: subSTRATA on July 22, 2015, 08:54:08 PM

Quote from: Gyfts on July 20, 2015, 09:00:16 PM

I think the bad reputation Bitcoin gets for the hackings and anonymity associated with it. Many people apart of the mainstream media believe Bitcoin is for criminals, possibly because of the rep the Deep Web gives it. Nonetheless, it takes education to teach the public that Bitcoin is more than that.

bitcoin gets a bad rep because thats what the media reports on; news focused on the negatives of bitcoin (silk road, scams, etc) get a lot more attention from the public compared to the good things bitcoin can bring. "decentralization" and "helping greece" just doesnt have the same impact as "drugs, hookers, hitmen, and black market."

Very Rightly Said, Bad news travels faster then the good news, and media has played a very important role in spreading the negative publicity of the bitcoins. No one is talking about the positive side of the bitcoins and people also entertain bad news more then the good news.

subSTRATA

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:^)

Quote from: Gyfts on July 20, 2015, 09:00:16 PM

I think the bad reputation Bitcoin gets for the hackings and anonymity associated with it. Many people apart of the mainstream media believe Bitcoin is for criminals, possibly because of the rep the Deep Web gives it. Nonetheless, it takes education to teach the public that Bitcoin is more than that.

bitcoin gets a bad rep because thats what the media reports on; news focused on the negatives of bitcoin (silk road, scams, etc) get a lot more attention from the public compared to the good things bitcoin can bring. "decentralization" and "helping greece" just doesnt have the same impact as "drugs, hookers, hitmen, and black market."

ransomer

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Quote from: dodgecharger on July 22, 2015, 07:26:47 PM

Quote from: Gyfts on July 20, 2015, 09:00:16 PM

I think the bad reputation Bitcoin gets for the hackings and anonymity associated with it. Many people apart of the mainstream media believe Bitcoin is for criminals, possibly because of the rep the Deep Web gives it. Nonetheless, it takes education to teach the public that Bitcoin is more than that.

for ppl it's still easier to trust big institutions and governments his wealth is somehow protected. If the bank fails, at least the government will try to get him back some of his money. With Bitcoin, he still has to trust his exchanges, his computer, his wallet

When I talk to people outside of the actual btc community... but people that might get into it, the issue is not at all the deep web or Silk Road etc. Rather the attitude is that porn won VHS the win over BETA, and so the dark web or porn might help help bitcoin get successful. So they only see that as a net plus... the issue is with the hacking of people's computers, and having to hide paper slips under the bed or where ever... basically the fact that bitcoin lacks a user interface to make it safe in an easy way for the individual. Some still got interested but only have peanuts in bitcoins for this reason.

Topic: Mainstream Adoption - page 4. (Read 6476 times)