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Topic: State of the Real Bitcoin Economy - page 2. (Read 14576 times)

newbie
Activity: 26
Merit: 0
July 03, 2013, 12:20:22 PM
So the question is, what do women want in Bitcoin?

probably get the women entrepreneurs out there now that are growing in numbers to adopt it, for example through sites like Etsy.
sr. member
Activity: 266
Merit: 250
aka 7Strykes
July 03, 2013, 11:45:29 AM
So the question is, what do women want in Bitcoin?
hero member
Activity: 727
Merit: 500
Minimum Effort/Maximum effect
July 03, 2013, 07:59:03 AM
So how do we get women to be part of our network, lots of men here on the forums and I know there are women(I made a funny comment that brought them out.)

The Female perspective is the only thing that will let us grow that demographic, we have to put our support behind whatever they want to create to reach that 50%.
legendary
Activity: 1153
Merit: 1012
July 03, 2013, 07:42:21 AM
I thought bitcoincard was already finished?

http://thebitcoincard.co.uk/

I was referring to this project:

http://bitcoincard.org/

I really hope they get it done soon.
hero member
Activity: 772
Merit: 501
July 03, 2013, 12:32:22 AM
Women are the answer.  

In most societies women do the most of the shopping, and until women use Bitcoin as easily and freely as they use their credit cards Bitcoin will never be mainstream.  In the retail consumer space women are the star players, but in the Bitcoin space these star players are not on the field, on the bench, or even in the stadium!  Talk to all the women you can about Bitcoin and how it can make their lives better.

Women will adopt Bitcoin when it is easier to use, but there are several steps the currency network needs to go through before that can happen. The interim steps are adoption by specialists in various fields, where the value that Bitcoin offers is greatest, and these are usually men.

Trying to get everyday women to jump into it now would be like if someone tried to get women to adopt the internet en masse in the 1980s when it was mostly just Bulletin Board Systems.

We need to focus on the steps in front of us, not those far in the future.
full member
Activity: 168
Merit: 100
July 03, 2013, 12:17:03 AM
Women are the answer.  

Yes, I have to agree, the question doesn't matter.
hero member
Activity: 490
Merit: 500
July 02, 2013, 09:32:06 PM
That is a very good idea. However, how would one compress or remove old transactions at a constant rate while verifying that the Bitcoins in each wallet got there through valid means? Say we filter all transactions more than 21 days back? Couldnt someone just generate a wallet, fake a transaction with a timestamp of more than 21 days, and be able to spend those coins?

You've got a good point here, removing old transactions definitely reduces the transaction security.  You may not need to do both, after all, compression may very well be enough, at least for now.  After all, the blockchain is likely just text, so one should be able to achieve a pretty high rate of compression, say 90%, perhaps?  I haven't tried such a project before, so I don't know if that's possible, but if so, it would greatly reduce the amount of time needed to download the blockchain.  If such a compression ratio could be achieved, the blockchain size, or at least while downloading, could be reduced from about 9 GB to 0.72 GB, a significant savings.  Most people have hard drives big enough to hold the full blockchain, so it could always be uncompressed for verification, I think the bigger issue is the download time itself, although I could be mistaken.
sr. member
Activity: 266
Merit: 250
aka 7Strykes
July 02, 2013, 07:46:58 PM
And what suggestions do you have about such improvement?

I really think a big improvement that could be made to Bitcoin would be either compressing the blockchain or removing old transactions from it.  If anyone wants to download a full client, it takes forever to download the blockchain initially.  The initial download took me three days, that was when it was 7 GB, it's since grown to 9 GB.  If I weren't such a geek, I'd have probably given up right there.  It's a big hit to usability to have such a long download time before you're even able to use a full client. 

That is a very good idea. However, how would one compress or remove old transactions at a constant rate while verifying that the Bitcoins in each wallet got there through valid means? Say we filter all transactions more than 21 days back? Couldnt someone just generate a wallet, fake a transaction with a timestamp of more than 21 days, and be able to spend those coins?
legendary
Activity: 1330
Merit: 1000
July 02, 2013, 07:05:16 PM
If you Google, you'll find various lists of bitcoin businnesses, some more helpful than others. Here's a useful one aimed at new adopters.

I count around 40 businesses on that page.
hero member
Activity: 490
Merit: 500
July 02, 2013, 06:51:37 PM
If women want to use bitcoin they they should do something about that, bitcoin is free and open source!  Smiley

Most women are more conservative and are not early adopters esp. not in technical fields. Bitcoin first has to be more mainstream for women to pour in.

To achieve that usability and accessibility has to improve.


And what suggestions do you have about such improvement?

I really think a big improvement that could be made to Bitcoin would be either compressing the blockchain or removing old transactions from it.  If anyone wants to download a full client, it takes forever to download the blockchain initially.  The initial download took me three days, that was when it was 7 GB, it's since grown to 9 GB.  If I weren't such a geek, I'd have probably given up right there.  It's a big hit to usability to have such a long download time before you're even able to use a full client. 
sr. member
Activity: 266
Merit: 250
aka 7Strykes
July 02, 2013, 03:26:04 PM
If women want to use bitcoin they they should do something about that, bitcoin is free and open source!  Smiley

Most women are more conservative and are not early adopters esp. not in technical fields. Bitcoin first has to be more mainstream for women to pour in.

To achieve that usability and accessibility has to improve.


And what suggestions do you have about such improvement?


I think there are some initiatives already underway.

If Bitcoincard gets finished it will be huge leap for adoption. The same for ATMs.

Maybe non-technical people will prefer bitcoin-banking services over holding the bitcoins themselves. (Not what I prefer though.)

I thought bitcoincard was already finished?

http://thebitcoincard.co.uk/
legendary
Activity: 1153
Merit: 1012
July 02, 2013, 03:15:25 PM
If women want to use bitcoin they they should do something about that, bitcoin is free and open source!  Smiley

Most women are more conservative and are not early adopters esp. not in technical fields. Bitcoin first has to be more mainstream for women to pour in.

To achieve that usability and accessibility has to improve.


And what suggestions do you have about such improvement?


I think there are some initiatives already underway.

If Bitcoincard gets finished it will be huge leap for adoption. The same for ATMs.

Maybe non-technical people will prefer bitcoin-banking services over holding the bitcoins themselves. (Not what I prefer though.)
sr. member
Activity: 266
Merit: 250
aka 7Strykes
July 02, 2013, 03:10:33 PM
If women want to use bitcoin they they should do something about that, bitcoin is free and open source!  Smiley

Most women are more conservative and are not early adopters esp. not in technical fields. Bitcoin first has to be more mainstream for women to pour in.

To achieve that usability and accessibility has to improve.


And what suggestions do you have about such improvement?
legendary
Activity: 1153
Merit: 1012
July 02, 2013, 03:06:29 PM
If women want to use bitcoin they they should do something about that, bitcoin is free and open source!  Smiley

Most women are more conservative and are not early adopters esp. not in technical fields. Bitcoin first has to be more mainstream for women to pour in.

To achieve that usability and accessibility has to improve.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
July 02, 2013, 02:42:13 PM
If women want to use bitcoin they they should do something about that, bitcoin is free and open source!  Smiley
ajk
donator
Activity: 447
Merit: 250
July 02, 2013, 02:36:06 PM
I havent really been following the discussion but have a bit to add

Just saw Bitcoin ETF being mentioned on CNBC

Bright future ive been a bull since day one and that will never change

not to mention all the ATMs that are going to be in place,

New Money INCOMING!!!, Hold your bitcoins so that you can benefit from it
newbie
Activity: 53
Merit: 0
July 02, 2013, 02:32:56 PM
First off iam a big BTC supporter but the economy is BEYOND PATHETIC and here's why in no particular order.  
1. A BTC atm/vending machine even tho they exist their isn't a single location anywhere in the world. i don't care about regulatory problems make it happen.
2. A service provider that makes it easy for the customer and merchant to do a transaction the provider should except the payment and then give the payment to the merchant at a later time.
3. Wells Fargo, paypal, google "thinking about" using BTC but not a single big company using it. If you had any doubt that big corps are run by establishment a holes here's your proof.
4. Volatility bitcoiners need to use BTC to buy that new car without going to fiat first. Car salesmen doesn't except BTC let him know that he lost a sale but whatever you do don't play their fiat game.
5. People selling to low it brings the price down and makes people that are not in BTC think of it as a joke and this means less adoption. What we need most in this area is stability of at least $100.
Bitcoin has more problems but i need to get back to work
sr. member
Activity: 266
Merit: 250
aka 7Strykes
July 02, 2013, 02:17:33 PM
If you Google, you'll find various lists of bitcoin businnesses, some more helpful than others. Here's a useful one aimed at new adopters.

I personally think food is the  key. When people can buy groceries with bitcoins it will go mainstream - it's not just women who buy food :-).

Your link is broken...
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
July 02, 2013, 02:11:07 PM
even after 3 years he only knows of 3 main places that sell legitimate products for bitcoins. although i know that there are over 10,000. no one truly knows them all..

The point is that a "real economy" is larger than just "selling legitimate products".  We can build businesses all day long that sell legitimate products, but if none of them ever expand beyond the point of immediately cashing out into some other currency in order to pay suppliers and employees, they will eventually fail and the Bitcoin economy will simply be worse off for the experience.

If there really are 10,000 legitimate Bitcoin businesses (which I doubt), then why are you the only one who knows about them?  Why aren't there more than a few of them in only two areas trading Bitcoins with each other?

If you Google, you'll find various lists of bitcoin businnesses, some more helpful than others. Here's a useful one aimed at new adopters.

I personally think food is the  key. When people can buy groceries with bitcoins it will go mainstream - it's not just women who buy food :-).
full member
Activity: 364
Merit: 100
July 02, 2013, 02:03:07 PM
Women are the answer

Great! I am thinking about so much, but I forgot the women ... women were it who made the web become web2.0, so - you are so right! how many women are on bitcointalk? One of hundred?

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