Topic: Smartphones are vital to bitcoin growth - page 2. (Read 5954 times)
Yes, of course, this idea is magnificent, but I think it's too early for that. Because Bitcoin needs more time to grow.
More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Agreed, that is definitely the future. But the point of slow transaction is also valid, bitcoin has to come up with something better to cope with it so it can be more popularized in the general people and business world. Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
I this this could be the only or the biggest hurdle standing in bitcoin's way for now.
More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Agreed, that is definitely the future. But the point of slow transaction is also valid, bitcoin has to come up with something better to cope with it so it can be more popularized in the general people and business world. Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
I this this could be the only or the biggest hurdle standing in bitcoin's way for now.
More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Bitcoin wallet on smartphone make users to do some transactions easier without need to access wallet from a personal computer.Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
There are some bitcoin wallets for smartphone and I use one too for daily transaction and these platform contribute for bitcoin expansion.
But, spending bitcoin from smartphone cannot compare to others platform such as Apple Pay which doesn't need to pay fee transaction and wait for some time to be confirmed, it has different path for now as long as we have block size issue.
We cant ignore tablets and smartphones industry that keeps growing all years, some people has a phone to work and other to personal things. Nowadays there are mobile wallets, several things you can do at them to earn money, and i believe you are able to manage some projects from it, building the projects only at the computer as i know, but well phones will replace a lot issues when you wanna to pay your bills, this is the future.
we certainly can not do without them as technology gets more advancedcryptocurrencies need to follow suit and enforce better security features to avoid compromise from these smartphones that get smarter every year.
It also helps new users to get on board with the new age of money as the understand the technologies around us
Smartphones are not vital for bitcoin growth, phones can just be a tool for easier access to some services, wallets but growth of bitcoin depends from developers and miners. Just smartphones are making everything on internet available for us even when we are not at home, little computers in our pockets and that is it, there is nothing vital for bitcoin here, I bet that some people that use bitcoin even don't have smartphone.
Smartphones are vital for bitcoin's growth, as you say, these smartphone can be kist tool ir easier access to some services, but, with that tool, aren't they being attracted using such services? Their services making their work or paying bills really easy, especially when they are busy people who don't have that time to pay up. The fact that smartphones have that kind of tools, the tendecy is that the people will eventually try it and if it goes well or them, they will be introducing it to their family or friends, saying that, the use of bitcoin is growing without us noticing.
Into the incredible world of innovation, smartphones are actually playing a major role of turning hard-cash payments into making payments in-a-go with one swipe, and Bitcoin gives everyone an opportunity to just scan a QR code and they are done. You are right that this has given some really high privilege to the usage of Bitcoins by end users and made it very easy for even an average user to transact without any hassle.
However, we cannot neglect the fact that the "massive upsurge in small transaction" is an effect of Bitcoin and smartphone tandem. Since Almost all people included in the middle class owns a smartphone and some for the lower class, they might use bitcoin as a form of payment in a daily basis (I am not pointing out whether they can afford the use of bitcoin let us just assume that most of them uses bitcoin). And if this happens then bottleneck will occur and since they are included in the middle and/or lower class, they probably use small transactions.
This simply means that smartphones are really vital to bitcoin growth. It is the developers part to fix what ever upsurges in the transaction that causes unconfirmed transaction. So what are you gonna suggest? Stop people from using smartphone to do bitcoin transfer? That is absurd. Instead, why not develop an app that will maximize the effect of smartphoes in bitcoin adoption / growth. They are just use as gadget, whether the transaction is made in pc or smartphone, they will create a massive upsurge if Bitcoin do not scale. Instead pointing fingers on the micro transaction, why not push developer to do their job to fix Bitcoin scalability.
Apple Pay is centralised and doesn't provide even pseudo anonymity. 
More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Smartphones are a big enabler for bitcoin and the fintech industry in general.
Applications like Apple pay are doing a lot to re-train consumers. In general, these apps are allowing people to become more comfortable with the idea of storing value on their mobile phones.
So I agree with you.
It's obvious where the world is heading in terms of digitisation, disintermediaton and globalisation - all of these processes were initially enabled by the internet and the fact that the internet is now mobile, via smartphones, I imagine that these trends are due to expand in a major way
More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Smartphones as you said, are becoming more like a one of the common goods, most of people have bought it because they are not so expensive nowadays.Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
But people may use also just regular wallets like blockchain.info or other web wallets, you can login on them through browser at mobile.
smartphones is one of the mediums we used but since there are many mediums this topic is very subjective. i use smartphones to store bitcoins but
its not my main wallet because i don't feel that "safe" thing on it. i'm the type that switch phones not because my current phone is old or theres a
new one released that i like but because i lost it. yah for convenience it is great but desktops are more secured.
Smartphones are not vital for bitcoin growth, phones can just be a tool for easier access to some services, wallets but growth of bitcoin depends from developers and miners. Just smartphones are making everything on internet available for us even when we are not at home, little computers in our pockets and that is it, there is nothing vital for bitcoin here, I bet that some people that use bitcoin even don't have smartphone.
I think that smartphones actually have no big influence about bitcoin price and growth of the volume, it is true that qr code is something very useful for us, as a bitcoin users however it is not a necessary thing.
Someone may invent something better instead of smartphone, to have an access to your bitcoin all the time, but with reasonable security and also good mobility.
Storing bitcoin only by your mobile phone is something really stupid, because the thief only needs to steal your smartphone, if you are not well-protected.
Safety measures are always needed, try to make your mobile wallet as secure as possible, because it is endangered the most!
Someone may invent something better instead of smartphone, to have an access to your bitcoin all the time, but with reasonable security and also good mobility.
Storing bitcoin only by your mobile phone is something really stupid, because the thief only needs to steal your smartphone, if you are not well-protected.
Safety measures are always needed, try to make your mobile wallet as secure as possible, because it is endangered the most!
More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
Smartphones as you said, are becoming more like a one of the common goods, most of people have bought it because they are not so expensive nowadays.Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
But people may use also just regular wallets like blockchain.info or other web wallets, you can login on them through browser at mobile.
Do we really want a massive upsurge in small transactions clogging up the system, and pushing up transaction fees?
The massive upsurge in small transactions is not the concern here, nor that is the only transaction we can make from smartphones. What we are talking about is smartphone as tools in bitcoin growth which is as what OP stated Vital to Bitcoin growth because it enable every one who have this gadget to access Bitcoin Network, send and receive Bitcoins and even promote Bitcoin to other users using mobile social media apps.
However, we cannot neglect the fact that the "massive upsurge in small transaction" is an effect of Bitcoin and smartphone tandem. Since Almost all people included in the middle class owns a smartphone and some for the lower class, they might use bitcoin as a form of payment in a daily basis (I am not pointing out whether they can afford the use of bitcoin let us just assume that most of them uses bitcoin). And if this happens then bottleneck will occur and since they are included in the middle and/or lower class, they probably use small transactions.
Do we really want a massive upsurge in small transactions clogging up the system, and pushing up transaction fees?
The massive upsurge in small transactions is not the concern here, nor that is the only transaction we can make from smartphones. What we are talking about is smartphone as tools in bitcoin growth which is as what OP stated Vital to Bitcoin growth because it enable every one who have this gadget to access Bitcoin Network, send and receive Bitcoins and even promote Bitcoin to other users using mobile social media apps.
We cant ignore tablets and smartphones industry that keeps growing all years, some people has a phone to work and other to personal things. Nowadays there are mobile wallets, several things you can do at them to earn money, and i believe you are able to manage some projects from it, building the projects only at the computer as i know, but well phones will replace a lot issues when you wanna to pay your bills, this is the future.
I also prefer smartphones when dealing with cashing out bitcoins since phones were much flexible than other units like laptop and desktop PC. I can access my account anywhere and I don't have much problem when it comes to mobile transactions and they were easy to bring because of its size. I just seldom use my laptop on dealing transaction.
I beleive smartphones are vital to bitcoin growth because its features can help to users. Easy to use, easy to access and reliable data. It really helpful to those who check bitcoin regularly.
Yes, many people who use smartphone because today is era of smartphone so bitcoin or related with digital coinsmust support for smartphone devices to be accessed,
actually bitcoin can be used on smartphone because many wallet of bitcoin or service related with bitcoin that support for smartphone devices but still there are some service doesn't support for smartphone devices.
with the presence of smartphones helps us to access anything, anywhere with ease then bitcoin be easier to access and introduced that make growth more ride, take advantage of technological advances that continues to grow.
The smartphone no doubt is playing a vital role. The apps designed for using BTC are really helpful to the people to access smartly. Not only the BTC even the mobile banking and many more other activities that are nowadays easily done from the smartphone reducing the physical mobilization saves both time and other resources. Honestly i am a smartphone user. Smartphone facilitates me in many activities only with finger. I use smartphone for almost 75% of my bitcoin activities such as signature campaign, trading, browsing new bitcoin information and many else. So my smartphone is vital for support my bitcoin activities. Obviously there is not a little user of bitcoin who use smartphone as like me to support their activities in bitcoin, it is give many good affect for bitcoin.
Yes, you need not to worry about number of Bitcoin users accessing it on mobile. The number is already more than those accessing on Desktop. Clearly, when internet is more main stream on mobile, no reason why Bitcoin would be behind in race. Bitcoin means internet, one only need internet to use Bitcoin, that's it.
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