The adoption boom is coming - page 4.

FxR

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Quote from: Ayers on November 21, 2016, 12:59:39 PM

Quote from: alyssa85 on November 21, 2016, 12:02:12 PM

I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.

that's because there is still no real way to earn bitcoin easily for the average people aside from buying which is not convenient for many, and also it feel like investment, many don't want to invest, they want to acquire, you don't invest to have fiat, you acquire it, so until bitcoin will not be easy to acquire it will no be on par with fiat

It'll never be easy to acquire for everyone.
Let's say a boss will pay all of his employees in BTC. The boss is the person that has to get through the hassle of getting that BTC.
Mining is the only way to get Bitcoins these days and that's not accessible for the simple man anymore sadly.

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Quote from: xIIImaL on November 22, 2016, 01:03:43 PM

Quote from: CoinCidental on November 21, 2016, 06:21:38 PM

Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole coins will be too expensive for the average user ( $10k+) and people will deal in Mbits or maybe even satoshis...

Yup I could wish business whales like Microsoft, HP,Walmart and more companies should accept bitcoins. These kind of will definitely make good change around the world for bitcoin market.

I really doubt whether these companies will be willing to accept Bitcoin as a mode of payment, as many of them are having tie-ups with the big banks and VISA/MASTER. There is going to be a lot of resistance in recognizing Bitcoins.

xIIImaL

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Quote from: CoinCidental on November 21, 2016, 06:21:38 PM

Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole coins will be too expensive for the average user ( $10k+) and people will deal in Mbits or maybe even satoshis...

Yup I could wish business whales like Microsoft, HP,Walmart and more companies should accept bitcoins. These kind of will definitely make good change around the world for bitcoin market.

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Quote from: gentlemand on November 22, 2016, 11:30:45 AM

Quote from: Biodom on November 22, 2016, 11:19:52 AM

Does gold scale? I don't think so.

Hmm. It kind of does in comparison. You can take possession of it via jewellery, physical lumps, you can buy some fictional paper gold if that turns you on, transfer vault ownership or even mine it yourself.

With Bitcoin its absolute certainty of transfer puts it miles ahead of gold. You know what you have instantly, it arrives fully verified and no one can take it away from you. At the same time that act of transfer is both the most vital part of the whole thing and the bottleneck. It can't be handed over in any other 100% trustable way.

Let me rephrase...Gold scales poorly, unless you are a government size or bank size entity that can have large vaults.
I don't want to store bricks of gold, maybe it's just me.
7 tx/sec gives plenty of typical gold size tx. I don't think that scaling is a problem at all considering LN presumably coming soon for small size txns. All recent network jamming happened because some malicious entity(ies) spammed it.

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Quote from: Biodom on November 22, 2016, 11:19:52 AM

Does gold scale? I don't think so.

Hmm. It kind of does in comparison. You can take possession of it via jewellery, physical lumps, you can buy some fictional paper gold if that turns you on, transfer vault ownership or even mine it yourself.

With Bitcoin its absolute certainty of transfer puts it miles ahead of gold. You know what you have instantly, it arrives fully verified and no one can take it away from you. At the same time that act of transfer is both the most vital part of the whole thing and the bottleneck. It can't be handed over in any other 100% trustable way.

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Quote from: pereira4 on November 22, 2016, 08:46:39 AM

Im looking forward Megaupload 2 a lot. There's a lot of people that often shit on Kim Dotcom saying he is a fraud, but I think that this is because he is a very controversial figure, but at the end of the day, he has been successful in his businesses. His fame is a good asset to get free marketing and if he can deliver at a technological, the service will be a success. Im glad the crowdfunding has been a success. Now it's his time to deliver a good package.

Megaupload 2? I think you're talking about Bitcache as well.

I think it's very good project even though there are risks such as opposed by content creator and government as well.
Also, i think it won't have impact bitcoin price unless there's hype for those project.

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Quote from: chesthing on November 21, 2016, 06:58:36 PM

Quote from: CoinCidental on November 21, 2016, 06:21:38 PM

Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole coins will be too expensive for the average user ( $10k+) and people will deal in Mbits or maybe even satoshis...

Right now bitcoin doesn't scale for shit, so this is a pipe dream unless something comes along to change that.

Does gold scale? I don't think so. Nevertheless, gold is at above 7 trillion in value.
My point is even with relatively low number of tx, bitcoin could rise in price as a store of value which is relatively mobile.

~Bitcoin~

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Quote from: geofflosophy on November 20, 2016, 04:30:56 PM

----snippped----
With MegaUpload2 succeeding in its crowdfunding campaign, it vs set an end of January launch date. This is going to be the first undeniable use case for mainstream users. Anyone who wants to download from MU2 will need to have at least a buck or two of Bitcoin.

Finally Yours will bring it home. Content creators will monetize on this platform and content consumers will be forced to buy Bitcoin to continue consuming their content. Yours will kill Q&A services like Quora, digital marketplaces like Shutterstock and likely many other business types we can't quite determine yet.

I don't think megaupload2 will have much impact on bitcoin price, as there is lot more competition in the field of cloud storage and situation have changed a lot than few years back when megaupload used to dominate the whole cloud storage market.

Yours still is a concept, there is brave browser already for content creators to monetize their platform but they are still lacking to get any momentum.

However it is true that adoption of bitcoin will increase over next few years and we shouldn't speculate that adoption will be instant, it will require lot more time.

pereira4

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Im looking forward Megaupload 2 a lot. There's a lot of people that often shit on Kim Dotcom saying he is a fraud, but I think that this is because he is a very controversial figure, but at the end of the day, he has been successful in his businesses. His fame is a good asset to get free marketing and if he can deliver at a technological, the service will be a success. Im glad the crowdfunding has been a success. Now it's his time to deliver a good package.

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Quote from: Denker on November 22, 2016, 03:01:51 AM

I'm not really convinced if Mega Upload 2 will be a success.
Sure Kim Dotcom made a big hit with the first version.But that's years ago and meanwhile several one click hosters have popped up.
There needs to be a very smart and useful business and payment model running in the background, otherwise it will be a failure.
But let's wait and see what happens.Maybe the german giant can surprise me again.

It's of course easy to say something about a project that has not been launched yet, but the market has changed considerably in the last years, where the need for such a service is only decreasing. Competition is heavy as you also mentioned. Services in that part of the market are fighting for every dollar that they can earn. Especially when you consider that you have so many free alternatives, or alternatives that cost you way less.

OP;

The adoption boom has been an ongoing process already. It's something we can't deny at this point as the usage and the number of transactions are increasing in an incredible pace. With all the hard economical situations in numerous countries, it will give people far more incentive to dive into Bitcoin as some sort of an escape/hedge. Smart people have taken positions into Bitcoin years ago, but it's surely not too late right now. People must pull the trigger and give Bitcoin a fair chance in their own benefit. You can choose to have freedom of owning everything that you have, or continue to be a slave of the system where you don't actually own anything.

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Quote from: Yakamoto on November 21, 2016, 07:06:02 PM

Quote from: Ayers on November 21, 2016, 12:59:39 PM

Quote from: alyssa85 on November 21, 2016, 12:02:12 PM

I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.

that's because there is still no real way to earn bitcoin easily for the average people aside from buying which is not convenient for many, and also it feel like investment, many don't want to invest, they want to acquire, you don't invest to have fiat, you acquire it, so until bitcoin will not be easy to acquire it will no be on par with fiat

There will be ways for people to buy Bitcoin using their fiat money soon enough; all they have to do is wait for more countries to start doing things like what's happening in Switzerland along with having more trustworthy phone apps acting as wallets for users. If they can get something like that on their phone, they will be a lot more inclined to use it instead of what they'd get if it was restricted like it is right now.

There is a whole inertia thing going on. Why on earth would an ordinary person go to the trouble of getting a bitcoin wallet or app and paying with that, if they can easily carry on as they are with cash and plastic?

The only way people will switch is if something goes badly wrong with paying with cash. And even in India right now, with the turmoil created due to the swapping of the notes in circulation, bitcoin adoption is very slow, because only a small amount of Indians have smartphones, and their internet coverage is patchy and intermittent.

Venezuela and Argentina should have been prime places for the switch to bitcoin, but only the wealthy did it, the masses didn't.

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Quote from: Dafar on November 21, 2016, 01:20:26 PM

Quote from: alyssa85 on November 21, 2016, 12:02:12 PM

I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.

Bitcoin is one of those things that becomes more useful and more beneficial to all parties as more adopt it and use it. Right now it's not convenient for someone to use bitcoin if you don't already have it. For those who do already have it, most would rather hold/save them like myself. But bitcoin does bring benefits to all parties doing a transaction, these benefits are realized when more and more people use and accept bitcoin, as the in-fracture develops and as apps become more simple and convenient to use... mass adoption is definitely coming.

In my part just what i did recently, i have an account in a PTC site, i have not verified my paypal account since they need another reference documents in order to be verified. The problem is that i don;t have any documents of billing under my name instead they are under my parents name, I am having a difficulty in sending a credit to my ptc account with paypal because there is no other way to send or transfer money to but to follow its rule. Lucky there is this netteler that accept bitcoin, i have send fund to my ptc account with netteler thru bitcoin transaction. The process went smooth without any problem. It would be great if bitcoin will be use directly instead of these third party processor, but with enough adoption, things will change in the future.

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Quote from: CoinCidental on November 21, 2016, 07:14:03 PM

Quote from: chesthing on November 21, 2016, 06:58:36 PM

Quote from: CoinCidental on November 21, 2016, 06:21:38 PM

Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole coins will be too expensive for the average user ( $10k+) and people will deal in Mbits or maybe even satoshis...

Right now bitcoin doesn't scale for shit, so this is a pipe dream unless something comes along to change that.

Scaleability is a war at the moment but no matter who wins, bitcoin will be extremely valuable....
It doesn't really matter whether the block size is raised or small txs go on sidechains.... Btc will get much more valuable than it ever was before....

As long as people are ready to wait for their confirmations and getting their deals settle down in minimum 10 minutes then we need to concern about the ability of its scaling just due to block size. Even with 1 MB block size, I too believe bitcoin may test $10k price levels with this current wave of booming.

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Quote from: CoinCidental on November 22, 2016, 01:47:19 AM

Quote from: n0ne on November 22, 2016, 01:41:52 AM

Quote from: BitcoinBarrel on November 21, 2016, 11:25:32 PM

It's coming and everyone can feel it, but it HAS to be user-friendly for the average Joe to reach those $10k+ levels. Until an easy to use payment system or app comes along that is cross-compatible with smart phones and everything else, it's going to be hard climbing.

Even now a little knowledgeable people were good to use with the help of various bitcoin wallets that were compatible with smart phones. At present people doesn't have a good understanding about the technology running behind the success of the advancing digital currency network. Soon more compatible apps might emerge over the years, so that even people who doesn't have much knowledge too can use which supports adoption.

Mega upload 2 is just one of hundreds of new projects being developed for next year so I have no doubts that the bitcoin price will be on the moon and maybe even on the mars... Cheesy

I'm not really convinced if Mega Upload 2 will be a success.
Sure Kim Dotcom made a big hit with the first version.But that's years ago and meanwhile several one click hosters have popped up.
There needs to be a very smart and useful business and payment model running in the background, otherwise it will be a failure.
But let's wait and see what happens.Maybe the german giant can surprise me again.

In terms of OP's believe of a coming adoption boom, I also think not too expect too much.Sure in the price can rise and reach new all time highs, but I doubt we will see that much new startups and inlux of new people joining the Bitocoin space.We are still in early stages and lots of things are way too technical for the average joe out there.Lot's of things have to progress.This takes time and needs patience if it should be done properly.

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Quote from: n0ne on November 22, 2016, 01:41:52 AM

Quote from: BitcoinBarrel on November 21, 2016, 11:25:32 PM

It's coming and everyone can feel it, but it HAS to be user-friendly for the average Joe to reach those $10k+ levels. Until an easy to use payment system or app comes along that is cross-compatible with smart phones and everything else, it's going to be hard climbing.

Even now a little knowledgeable people were good to use with the help of various bitcoin wallets that were compatible with smart phones. At present people doesn't have a good understanding about the technology running behind the success of the advancing digital currency network. Soon more compatible apps might emerge over the years, so that even people who doesn't have much knowledge too can use which supports adoption.

Mega upload 2 is just one of hundreds of new projects being developed for next year so I have no doubts that the bitcoin price will be on the moon and maybe even on the mars... Cheesy

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Quote from: BitcoinBarrel on November 21, 2016, 11:25:32 PM

It's coming and everyone can feel it, but it HAS to be user-friendly for the average Joe to reach those $10k+ levels. Until an easy to use payment system or app comes along that is cross-compatible with smart phones and everything else, it's going to be hard climbing.

Even now a little knowledgeable people were good to use with the help of various bitcoin wallets that were compatible with smart phones. At present people doesn't have a good understanding about the technology running behind the success of the advancing digital currency network. Soon more compatible apps might emerge over the years, so that even people who doesn't have much knowledge too can use which supports adoption.

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It's coming and everyone can feel it, but it HAS to be user-friendly for the average Joe to reach those $10k+ levels. Until an easy to use payment system or app comes along that is cross-compatible with smart phones and everything else, it's going to be hard climbing.

marcus_of_augustus

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Quote from: chesthing on November 21, 2016, 06:58:36 PM

Quote from: CoinCidental on November 21, 2016, 06:21:38 PM

Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole coins will be too expensive for the average user ( $10k+) and people will deal in Mbits or maybe even satoshis...

Right now bitcoin doesn't scale for shit, so this is a pipe dream unless something comes along to change that.

All the graphs and figures point toward adoption that is preceding exponentially ... not as fast as exponential as in the early days but exponential growth never-the-less.

It will scale whatever you and the bear FUD trolls think/say/do, it's inevitable.

That ringing in your ears is the sound of inevitability.

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Quote from: chesthing on November 21, 2016, 06:58:36 PM

Quote from: CoinCidental on November 21, 2016, 06:21:38 PM

Mainstream adoption is coming, get coins now while you still can
Once the whales move in, whole coins will be too expensive for the average user ( $10k+) and people will deal in Mbits or maybe even satoshis...

Right now bitcoin doesn't scale for shit, so this is a pipe dream unless something comes along to change that.

Scaleability is a war at the moment but no matter who wins, bitcoin will be extremely valuable....
It doesn't really matter whether the block size is raised or small txs go on sidechains.... Btc will get much more valuable than it ever was before....

Yakamoto

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Quote from: Ayers on November 21, 2016, 12:59:39 PM

Quote from: alyssa85 on November 21, 2016, 12:02:12 PM

I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.

that's because there is still no real way to earn bitcoin easily for the average people aside from buying which is not convenient for many, and also it feel like investment, many don't want to invest, they want to acquire, you don't invest to have fiat, you acquire it, so until bitcoin will not be easy to acquire it will no be on par with fiat

There will be ways for people to buy Bitcoin using their fiat money soon enough; all they have to do is wait for more countries to start doing things like what's happening in Switzerland along with having more trustworthy phone apps acting as wallets for users. If they can get something like that on their phone, they will be a lot more inclined to use it instead of what they'd get if it was restricted like it is right now.

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