You just said all the problems that is happening now or what is lacking in the crypto world specially merchants.
Agreements and KYC's, this all should be done just so they could move forward.
Look at what they did with trading websites. Those are already examples of what will happen to merchants. How could they go on if with every transaction there will be tax that will go with it which should not be happening because that is the way bitcoin is made.
I dont think this will happen soon.
Topic: Making crypto succeed in the real world? - page 13. (Read 1179 times)
Business transaction starts with simple conversation between seller and possible buyer, then price and product negotiation comes, lastly they will come to both agreements and terms, I think your referring to this things, anything could possibly goes as smooth as long as two parties agreed when involving crypto into their agreement.
Hi, I would love to hear your input on this.
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
Awhile ago, there were headlines in the news regarding "700 million android phones" having backdoors pre-installed on them by china:
Quote
Pre-installed Backdoor On 700 Million Android Phones Sending Users' Data To China
WASHINGTON — For about $50, you can get a smartphone with a high-definition display, fast data service and, according to security contractors, a secret feature: a backdoor that sends all your text messages to China every 72 hours.
Security contractors recently discovered preinstalled software in some Android phones that monitors where users go, whom they talk to and what they write in text messages. The American authorities say it is not clear whether this represents secretive data mining for advertising purposes or a Chinese government effort to collect intelligence.
International customers and users of disposable or prepaid phones are the people most affected by the software. But the scope is unclear. The Chinese company that wrote the software, Shanghai Adups Technology Company, says its code runs on more than 700 million phones, cars and other smart devices. One American phone manufacturer, BLU Products, said that 120,000 of its phones had been affected and that it had updated the software to eliminate the feature.
https://www.nytimes.com/2016/11/16/us/politics/china-phones-software-security.html
WASHINGTON — For about $50, you can get a smartphone with a high-definition display, fast data service and, according to security contractors, a secret feature: a backdoor that sends all your text messages to China every 72 hours.
Security contractors recently discovered preinstalled software in some Android phones that monitors where users go, whom they talk to and what they write in text messages. The American authorities say it is not clear whether this represents secretive data mining for advertising purposes or a Chinese government effort to collect intelligence.
International customers and users of disposable or prepaid phones are the people most affected by the software. But the scope is unclear. The Chinese company that wrote the software, Shanghai Adups Technology Company, says its code runs on more than 700 million phones, cars and other smart devices. One American phone manufacturer, BLU Products, said that 120,000 of its phones had been affected and that it had updated the software to eliminate the feature.
https://www.nytimes.com/2016/11/16/us/politics/china-phones-software-security.html
Before cell phones could be utilized as a major hub of finance, a more concentrated effort could be required to secure them. Better standardized practices to better eliminate data mining and backdoors. Of course, this could be impossible given backdoors are sometimes included by state intelligence/surveillance and there is a push for large corporations like apple to utilize weaker encryption standards (or no standards) on products like iphone.
I like that someone is thinking about ways to encourage crypto mass adoption.
Maybe if every active person on this forum told 10 people they know about bitcoin, and those 10 people each told 10 of their friends about it, some type of viral campaign could be worked out?
I've tried to do it in the past. I tried to give people I know bitcoin for free in the hope that they would use it and maybe see its not that bad a thing. Maybe they would even like it and use it in the future. Not a single person accepted the free btc I wanted to give them. lol I guess they are too nice or maybe I look like a nigerian prince?
I see that there will be not much of a problem if people will adopt to crypto infact they want a safer payment than cash yet card was introduce by banks where they can have payments later or now in crypto you won't be needing any card just qr code, address will do everything will be digital and fast its like you owned your own bank.
Hi, I would love to hear your input on this.
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
These three points seem to be just an introduction for crypto world but I believe there is much more to think upon it, First of all you are perfectly right that we still need to work upon making crypto succeed in real world. But, how can we make this possible ?
I believe the answer lies around us only, I believe there are many users on this forum from every country. They should try to spread the word of crypto around their families and friend and help them understand the system properly so that they won't fall in any trap. This thing will help growth of crypto at massive scale as this will also increase the adoption of crypto as payment system. But before all this one major step that needs to be taken is by the government of that country as until and unless government stands for crypto and give it green signal 70% users will resit to join this market.
Hi, I would love to hear your input on this.
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
Having the crypto currency wallets installed on every mobile doesn't means that adoption we need to use it as a mode of payment but there is problem is the waiting time,normally the confirmations take upto 30 minutes so you will wait in that shop for the confirmations to complete and the shop owner will have so many other works than watching the confirmation time of each customers,so the LN need to be implemented soon to be used as mode of payment.As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
We can't adopt LN yet because it requires ALL the nodes to support it, the current soft fork turned out to be no the only thing that is required in order to run the LN network.
Also, LN network will act the same as Public ICOs or decentralized exchanges, if we won't achieve a large amount of users ,the network is going to be worthless.
Hi, I would love to hear your input on this.
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
Having the crypto currency wallets installed on every mobile doesn't means that adoption we need to use it as a mode of payment but there is problem is the waiting time,normally the confirmations take upto 30 minutes so you will wait in that shop for the confirmations to complete and the shop owner will have so many other works than watching the confirmation time of each customers,so the LN need to be implemented soon to be used as mode of payment. As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
The crypto market will definitely develop. There is probably almost no doubt about it. Even those who used to consider bitcoin and any other coin as "bubble" understand that they simply have no arguments for such claims. Demand for digital coins is growing, and the law of supply and demand has not been canceled.
Crypto is currently succeeding in the real world, but not quite yet on a global platform.
While BTC and other cryptos are currently hot topic of discussion on the news and in the media, we still have some time to go before it is common talk in conversations.
Today if I talk about BTC, sadly most people aren't familiar.
While BTC and other cryptos are currently hot topic of discussion on the news and in the media, we still have some time to go before it is common talk in conversations.
Today if I talk about BTC, sadly most people aren't familiar.
Hi, I would love to hear your input on this.
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
There are already applications that are connections similar in your examples, exchangers like kucoin and etheredelta are one of the cyrptocurrency market that has this kind of setup in their system.
Similar to this happens in coins.ph; I store my bitcoins in this app, and then it gives me lists of merchants that accept payment from them in Philippine Peso. Once I have decided which item to purchase, coins.ph converts my bitcoin into local currency and then sends payment to the merchant. It made it simple rather than cashing out.
You realize that you're actually using a bank, that is actually exchanging your coins at a rate for fiat and pays in fiat?
What control do you have over that wallet and the coins in it? None!
Tomorrow they can get "hacked" and your coins are gone.
Visa and MasterCard should add the ability to pay with cryptocurrency from their cards. I wonder how soon they'll do it.
Just as the guy above.
I'm really amazed how easy you guys can hand over your bitcoins to a company without thinking it over at least once.
What would change then? How it would be different from paying with a normal cc with fiat money
If Crypto wants to succeed in the real world, I think people need to invent more technology to meet the needs of people's lives through crypto. So we hope Crypto grows closer to our lives.
Technologies qbout crypto is more than enough to sustain all the needs of the people in the world,whats the problem is the People needs to adapts crypto in their daily lives and this must be addressed,if people in the world will only use lall the technologies offered by crypto world,well maybe success in everything inside this community is indeed
I'd say a wallet standard being established would contribute to Bitcoin's utility. It's often criticized for being too complicated or having bad user experience in general. If pretty much all wallets worked the same, then it should tone down criticisms on that end.
I don't know if a merchant app is completely necessary though. I mean, it probably is for large chains, but small stores should be able to get away with simply using a wallet app of their own.
That being said, I'd say it's too soon to address this problem because the network can't even handle large scale demand in the first place lol. Lightning could very well be the answer to both scalability and usability if it matures well.
I don't know if a merchant app is completely necessary though. I mean, it probably is for large chains, but small stores should be able to get away with simply using a wallet app of their own.
That being said, I'd say it's too soon to address this problem because the network can't even handle large scale demand in the first place lol. Lightning could very well be the answer to both scalability and usability if it matures well.
If Crypto wants to succeed in the real world, I think people need to invent more technology to meet the needs of people's lives through crypto. So we hope Crypto grows closer to our lives.
Hi, I would love to hear your input on this.
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
Even if these mobile wallets have crypto wallets installed and have balances on them, where would those be used? The cryptospace is nothing but a speculative paradise for traders and fat hopefuls alike. Merchants are too scared to touch bitcoin due to its volatility, so even if there's people who have the currency, what good can it do to crypto especially if these people decided to sell their cryptoassets?
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
1. That means wealth distribution, and no, that wouldn't even help on widespread adoption. People can just sell their bags knowing that it has value and just stick to fiat.
2. Aren't they doing that already?
3. There isn't enough interest for the merchants to accept bitcoin ATM, but that idea has already been brought up should there be a surge of merchants wanting to get paid with bitcoin.
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
What else needs to happen besides regulation?
We don't need any wallet alliance of some sort to help with adoption. Regulations help the cryptospace mature; it is a vital component of adoption but that isn't enough. People need reasons to come into the cryptospace, and places to spend is really the thing we need right now to get that adoption going.
Visa and MasterCard should add the ability to pay with cryptocurrency from their cards. I wonder how soon they'll do it.
One way to achieve it IMO is doing transactions using the same wallet(for example coinbase to coinbase) for an almost instant transaction speed.
We don't need centralized services for that. If that's your way to 'achieve' your goal, then what's the point of using crypto at all? One could just keep using PayPal's platform to move value back and forth.
LN is going to bring what we want, and it's just a matter of time. If enough merchants are on board in your local area, you could connect to them and start moving value back and forth instantly, and that without needing centralized services. The only thing we need is clients making it easy for everyone to participate, and once that's the case, mass adoption will follow. Our aim should be to distance ourselves from everything that's centralized, not to get further stuck into it as you are suggesting.
Having an app to send by customers and a merchant app for the store owners wont suffice the task of transaction with bitcoins or any other cryptocurrency.
Just because the customera are ready with an app to pay, ut is not necessary that the store owners will come with with the acceptance.
It all depends on the nod from government for such transactions to be called legal tender.
The store owners need to keep record of every sale they do for taxation purposes and unless government allows such transaction, the store owner cannot simply recieve bitcoins as a payment.
For sending it among friends and relatives it is a normal thing, but cryptos to be used as a legal tender in daily day to day transactions would require more secure and backed platform than what it is right now.
Just because the customera are ready with an app to pay, ut is not necessary that the store owners will come with with the acceptance.
It all depends on the nod from government for such transactions to be called legal tender.
The store owners need to keep record of every sale they do for taxation purposes and unless government allows such transaction, the store owner cannot simply recieve bitcoins as a payment.
For sending it among friends and relatives it is a normal thing, but cryptos to be used as a legal tender in daily day to day transactions would require more secure and backed platform than what it is right now.
What else needs to happen besides regulation?
What needs to happen for crypto to succeed in the real world besides regulation is not a wallet alliance that can stipulate a standard(since that would make btc centralized), but the instantaneous transaction speed that takes 5 minutes at most to get confirmations for it to be usable by merchants and their customers. One way to achieve it IMO is doing transactions using the same wallet(for example coinbase to coinbase) for an almost instant transaction speed. Hi, I would love to hear your input on this.
As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
It's not about wallets, I think that if we are looking at wallet's perspectives then the bitcoin's community is pretty good at this, we have about 10-15 different wallet available for each kind of operating system, most of the wallets are open source and bugs are being found really fast by the community, active contributes are available at most of the wallet's githubs channels, and UI is easy.As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.
At least three things needs to happen:
1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.
Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?
Best crypto greetings,
Vindberg
https://validators.com
We should work on spreading the word other then producing more wallets systems.
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