Topic: Saw the future - page 2. (Read 1867 times)
This is nice but I'm waiting for a moment when people will start to accept bitcoin directly and not use 3rd party to convert it for fiat. But for this price have to be more stable and predictable.
I recently convinced a small city(65k) bowling alley to accept bitcoin. It was very easy when they learned you can instant convert to dollars and put in bank account for basically no fees when compared to a credit card and paypal. The setup time for accepting bitcoin was less than 10 minutes (used coinbase, tablet with merchant app). I sent them a few transactions of 2-3 dollars and the payments showed up instantly. I went home and made on post on reddit, and put them on coinmap.org. I got a call from them the next day saying someone saw them on coinmap and they had their first customer (a pizza and soda). They were hooked. The local newspaper even put an article in their paper and they received free promotion.
I saw with my own eyes the power and future of bitcoin.
I believe the cost of NOT using bitcoin will cause certain businesses to lose competitive edge in pricing, user experience (more choices for consumer) security, and speed. Businesses will see bitcoin as a way to save even just a small percentage (fees, fraud, etc) in a worsening economy. It will force the other companies to adopt or fall behind.
The killer feature is the cost , the other amazing features(including future innovations) will keep the momentum and users adopting until an 10% adoption rate has occurred, from there we will see an explosion into 70-80% of American homes especially with people under 30. I predict this will take about 8 more years.
Small businesses and E-commerce will be first, then brick and mortar box stores and financial systems, and finally Government.
It will be a worldwide phenomenon that changes the social and economic structure of the planet. We are the lucky ones that get to watch it all.
I saw with my own eyes the power and future of bitcoin.
I believe the cost of NOT using bitcoin will cause certain businesses to lose competitive edge in pricing, user experience (more choices for consumer) security, and speed. Businesses will see bitcoin as a way to save even just a small percentage (fees, fraud, etc) in a worsening economy. It will force the other companies to adopt or fall behind.
The killer feature is the cost , the other amazing features(including future innovations) will keep the momentum and users adopting until an 10% adoption rate has occurred, from there we will see an explosion into 70-80% of American homes especially with people under 30. I predict this will take about 8 more years.
Small businesses and E-commerce will be first, then brick and mortar box stores and financial systems, and finally Government.
It will be a worldwide phenomenon that changes the social and economic structure of the planet. We are the lucky ones that get to watch it all.
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