The beauty of Bitcoin is in use case. - page 2.

isaac_clarke22

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Quote from: Aikidoka on August 01, 2023, 03:52:41 PM

The source website isn't working for me, it shows me a 'page not found' error (404). However the idea in general is great. I'm not sure if it's true that 60k electric vehicle charging stations have been implemented in the EU because that seems like a significant number to me. Nevertheless, if it's correct it would be a remarkable development for the use of bitcoin. I'm not sure whether people will actually use their bitcoin at these types of stations, but maybe in the future we'll see more people using crypto payments daily at these stations. It could be beneficial for bitcoin and the of course for the bitcoin community too.

Yeah, I've been hearing the news as well lately although I wouldn't expect too much adoption to it since it's just an alternative way of paying the charging of your EV. Same goes to any merchants out there that accepts credit/debit cards. It's not like it's going to make all people use credit cards/debit cards just because it is getting adopted.

It's easier indeed, but I don't think that people would welcome too many technologies in the lives. See those elders still using QWERTY phones, yeah they were like one. No hates as I know people have their own preferences anyway.

lionheart78

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Quote from: TimeTeller on August 01, 2023, 04:33:38 PM

Quote from: someone703 on August 01, 2023, 02:04:03 PM

The reality is that for Bitcoin to become a ubiquitous technology and means of payment, it needs to be integrated into applications and accepted by various companies and institutions in the market. The development and actual adoption of Bitcoin plays an important role in determining its growth rate and spread.

Having a variety of applications and uses of Bitcoin can facilitate the fulfillment of user needs and the creation of real value. For example, the integration of Bitcoin into online payment applications, retail points, financial services and other areas can help expand its use. The spread of Bitcoin, its integration into real-life applications and uses, along with adoption from companies and institutions, is critical and will play an important role in defining the future. of Bitcoin.

We are already heading that way, more and more merchants are adding btc and other top alts in their payment system.
It won't be easy, but as long as companies and online merchants are integrating btc, we have hope about this adoption.

In order to have this kind of adoption, Bitcoin still needs the government to be open-minded about it. This way people who support Bitcoin and promote it do not need government approval in order to integrate BTC in their payment system or company as long as the government does not think Bitcoin as a negative thing.

But it is better if the government acknowledges Bitcoin and its use case and welcomes Bitcoin adoption because it propels the speed of Bitcoin acceptance among its constituents, after all majority of people are still waiting for the government positive signal in order to engage in Bitcoin adoption.

TimeTeller

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Quote from: someone703 on August 01, 2023, 02:04:03 PM

The reality is that for Bitcoin to become a ubiquitous technology and means of payment, it needs to be integrated into applications and accepted by various companies and institutions in the market. The development and actual adoption of Bitcoin plays an important role in determining its growth rate and spread.

Having a variety of applications and uses of Bitcoin can facilitate the fulfillment of user needs and the creation of real value. For example, the integration of Bitcoin into online payment applications, retail points, financial services and other areas can help expand its use. The spread of Bitcoin, its integration into real-life applications and uses, along with adoption from companies and institutions, is critical and will play an important role in defining the future. of Bitcoin.

We are already heading that way, more and more merchants are adding btc and other top alts in their payment system.
It won't be easy, but as long as companies and online merchants are integrating btc, we have hope about this adoption.
Just look at your local payment centers, are they now including btc in their payment method?
This will be years in the making. Remember, we are only like a decade old in this market, so the adoption would really take time.

Woodie

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Quote from: Moreno233 on July 27, 2023, 11:12:41 PM

The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept.

As of today, over 60,000 electric vehicle charging stations now accept Bitcoin across Europe,
thanks to Lightening Network

It would be nice to see extra data attached to this if these guys had the time to collect tallies of how many vehicles use these charging stations...then some extra information can be slapped to this even if it's estimates Roll Eyes

Btw, extra information patenting to the age group that is using crypto would be helpful too, are the EV users made up of senior citizens, the new gen or its the millennials..at least with this extra data we can also predict the future of BTC and crypto in general, probably know what infrastructure to go with for new charging Hubs in the future!

Aikidoka

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The source website isn't working for me, it shows me a 'page not found' error (404). However the idea in general is great. I'm not sure if it's true that 60k electric vehicle charging stations have been implemented in the EU because that seems like a significant number to me. Nevertheless, if it's correct it would be a remarkable development for the use of bitcoin. I'm not sure whether people will actually use their bitcoin at these types of stations, but maybe in the future we'll see more people using crypto payments daily at these stations. It could be beneficial for bitcoin and the of course for the bitcoin community too.

someone703

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The reality is that for Bitcoin to become a ubiquitous technology and means of payment, it needs to be integrated into applications and accepted by various companies and institutions in the market. The development and actual adoption of Bitcoin plays an important role in determining its growth rate and spread.

Having a variety of applications and uses of Bitcoin can facilitate the fulfillment of user needs and the creation of real value. For example, the integration of Bitcoin into online payment applications, retail points, financial services and other areas can help expand its use. The spread of Bitcoin, its integration into real-life applications and uses, along with adoption from companies and institutions, is critical and will play an important role in defining the future. of Bitcoin.

Flexystar

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I am not sure what the number says because there seems some conflict between the operational charging station and experimental charging station. I just hope that this idea gets fully implemented because it does sound very futuristic and possible to happen soon. If they do install Bitcoin wallets on every charging station then man it's gonna look nice and its gonna work best! Good for the Bitcoin and Bitcoiners like us. Imagine the number of transactions that will happen on the road everyday.

Yes obviously if we look even further then it could also house the Bitcoin ATM so that transactions related to fiat-BTC can also increase and they will start to co-exist! I don't think then we will have any regulatory issues along the way if it works and people start responding positively towards it.

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Quote from: KingsDen on August 01, 2023, 10:56:38 AM

Indeed, the beauty of bitcoin is in its use case and adoption. I read one article that seems like a revelation of bitcoin. Step by step how bitcoin will unfold and dominate the economy. Although I was not initially interested in the article which looked like a fantasy but at a time I began to buy into their idea.

I do not discuss about the egg and chicken story but let's say a fact.

Bitcoin won't have good adoption IF (big IF) it does not have good technology, security and use cases. If security is weak, attractive use cases will not be enough to convince many people to use Bitcoin so its adoption will be small.

Bitcoin adoption in reality is very big and has a very sharply curve that is made up of multiple factors listed above plus is high decentralization, no censorship, irreversibility ...

To compare for more easily understandable, you have been in Bitcointalk and cryptocurrency market long enough to know that altcoins have many fantasy use cases but none of them get same adoption like Bitcoin.

Litzki1990

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Bitcoin is currently gaining widespread acceptance across the globe. We are now seeing the use of Bitcoin in different places compared to the use of cash. Some countries are accepting Bitcoin as their legal document, while some countries are planning to consider Bitcoin as their optional currency, which means that Bitcoin has now gained a lot of trust among people. We may offer Bitcoin transactions in more places in the future to facilitate transactions. We look forward to a time in the future when we will be able to meet all our needs through Bitcoin.

KingsDen

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Quote from: GreatArkansas on August 01, 2023, 09:40:18 AM

Quote from: Moreno233 on July 27, 2023, 11:12:41 PM

The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept.
(.....)

This is the goal of Bitcoin. Global adoption. Because right now, it's just showing that we are still in early days of Bitcoin, as you can see, it's still not famous but it is already have real world use case which solving a lot of problem in financial world.
So for me, everyday Bitcoin is growing and being adopt by many.

Indeed, the beauty of bitcoin is in its use case and adoption. I read one article that seems like a revelation of bitcoin. Step by step how bitcoin will unfold and dominate the economy. Although I was not initially interested in the article which looked like a fantasy but at a time I began to buy into their idea.
Using the electric car Op mentioned and having an auto pilot taxi means that fiat system may not work well in this system for very long. If bitcoin is used, atleast the confirmation and every other activities transaction processed will be greatly automated.
Bitcoin actually has a great future than buying and selling.

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OP picked the acceptability of Bitcoin as a means of payment and tagged it its beauty. Nah, I don't think that's it. A bunch of coins out there can do that and even more than what Bitcoin offers. Come to think of it, we can't even stake Bitcoin to earn like we do others. Anyway, for me what makes Bitcoin beautiful isn't it's payment option. It's its decentralized nature. If Bitcoin weren't decentralized, those government officials and economists who hated Satoshi's guts in creating it would've crippled it long ago in it's formative years before anyone said Jack. In Africa, especially in countries where the government is anti-Bitcoin, they would've confiscated it. Like what we've in my country. These officials don't even understand how to go about crypto related issues and so at worse they can only ban bank transactions of it. It's thanks to decentralization.

fauzan Ichsan

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Quote from: GreatArkansas on August 01, 2023, 09:40:18 AM

Quote from: Moreno233 on July 27, 2023, 11:12:41 PM

The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept.
(.....)

This is the goal of Bitcoin. Global adoption. Because right now, it's just showing that we are still in early days of Bitcoin, as you can see, it's still not famous but it is already have real world use case which solving a lot of problem in financial world.
So for me, everyday Bitcoin is growing and being adopt by many.

this is what was expected from the beginning bitcoin was created, namely to switch from a centralized system to a decentralized one, which has several advantages to support increasingly dense human activities. however, the journey is not that easy to reach the goal, until now it is still in the process of getting mass adoption, fortunately we are already familiar with it, even in the long term, when the circumstances and conditions are suitable then bitcoin will reach its goal

GreatArkansas

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Quote from: Moreno233 on July 27, 2023, 11:12:41 PM

The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept.
(.....)

This is the goal of Bitcoin. Global adoption. Because right now, it's just showing that we are still in early days of Bitcoin, as you can see, it's still not famous but it is already have real world use case which solving a lot of problem in financial world.
So for me, everyday Bitcoin is growing and being adopt by many.

Uruhara

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Quote from: fruktik on July 31, 2023, 03:12:48 AM

Quote from: Texac on July 30, 2023, 10:50:14 AM

Apart from El Salvador and Central South Africa, two 3rd world countries, no other country accepts bitcoin as a legal tender. so I wouldn't believe that European countries or countries with developed economies would accept bitcoin as a legal tender. bitcoin will certainly soon be accepted on a global level but it will likely just be a commodity or an asset. I don't spread Fuds but this is what I predict for bitcoin futures. while the OP's news is very positive about accepting bitcoin, accepting it as legal tender is a much larger-scale issue.

I don't agree with you. At the moment, in many European countries you can see the moment that sellers accept crypto as a means of payment. You would have to go to the right topic to see this.
Times are changing and technology is not standing still. More and more entrepreneurs are considering this option of accepting payments. In a few years, their number will increase even more.

Currently, even though in a country Bitcoin has not yet become a legal tender, still, more and more businesses are starting to accept payments with bitcoin. And I believe that in Europe there are even many luxury hotels that also accept payments with crypto including bitcoin in it. Because even in Arab countries like Bahrain, hotels have started to appear that accept payments with Bitcoin. So it should be the same in Europe. But usually those who accept crypto payments are luxury hotels where the visitors are mostly from the upper class.

-------
sourch: https://www.liputan6.com/crypto/read/5211528/arab-adopsi-kripto-hotel-terkemuka-di-bahrain-terima-pembayaran-bitcoin

Newbie.

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It's amazing to witness the growing acceptance of Bitcoin in various industries. The integration of Bitcoin into electric vehicle charging stations is a perfect example of how cryptocurrencies can offer practical solutions and improve our overall user experience. This trend is definitely a sign of progress!

jaberwock

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Quote from: Plaguedeath on July 31, 2023, 05:38:16 AM

Quote from: lionheart78 on July 30, 2023, 05:50:10 PM

I also think that regulation is the greatest challenge of cryptocurrency. The acceptance of a country is the most difficult hurdle cryptocurrency has to face but once Bitcoin is able to surpass this hurdle and get accepted by major countries, I believe there will be an adoption explosion where Bitcoin will be trendy and get accepted everywhere. And for that to happen, Bitcoin should establish its real-life use case and put pressure to be demanded by the majority of the population so that the governmetn will pay attention and be inclined to accept it due to the possible benefits it can gain from BTC and its technology.

I will be the one who against of regulation toward Bitcoin because it will make the government able to control every citizen Bitcoin as they will create their own exchange. Bitcoin don't need to be regulated especially accepted as legal tender, just make it in grey area and commit if they will never ban Bitcoin, so it will make people who want to own Bitcoin don't get discouraged. When Bitcoin isn't regulated, it will give a choice for Bitcoin holders' to protect their privacy.

Regulation is not control. They could of course put some laws and rules on how people could use it, but that doesn't change the fact that you are still free to do whatever. They are not going to start selling your coin without you want to, or start buying bitcoin before you want to. They can make it illegal for you to do some stuff, but not make you do stuff, there is a big difference between them.

I still think a local government exchange is not needed, that should not exist, but as long as it goes well enough then we are going to be doing well enough as well. That should be the key factor here at this moment. I know that it will be something to care about, but in order to do it well, you need to be able to use it according to your laws.

Texac

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Quote from: fruktik on July 31, 2023, 03:12:48 AM

Quote from: Texac on July 30, 2023, 10:50:14 AM

Apart from El Salvador and Central South Africa, two 3rd world countries, no other country accepts bitcoin as a legal tender. so I wouldn't believe that European countries or countries with developed economies would accept bitcoin as a legal tender. bitcoin will certainly soon be accepted on a global level but it will likely just be a commodity or an asset. I don't spread Fuds but this is what I predict for bitcoin futures. while the OP's news is very positive about accepting bitcoin, accepting it as legal tender is a much larger-scale issue.

I don't agree with you. At the moment, in many European countries you can see the moment that sellers accept crypto as a means of payment. You would have to go to the right topic to see this.
Times are changing and technology is not standing still. More and more entrepreneurs are considering this option of accepting payments. In a few years, their number will increase even more.

So tell me, which European country has or is about to claim to accept bitcoin as a legal tender method like El Salvador did? Not only in Europe, in some countries where bitcoin is legalized as a commodity, there are still some shops that use bitcoin as a means of payment. but is that number a lot? Iis it common? Or are just a few shops doing it out of fear of government regulation? I don't even see any stores that accept bitcoin payments, even though my country doesn't ban bitcoins.

UchihaSarada

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Quote from: The Cryptovator on July 28, 2023, 05:12:14 PM

The beauty of Bitcoin lies not only in its use case as a decentralized digital currency but also in its potential for global transactions. Being able to send Bitcoin worldwide as a payment method, similar to how we send money through the banking system, opens up new possibilities for cross-border transactions and financial inclusion. Additionally, businesses accepting Bitcoin as a payment method can also contribute to its widespread adoption and utility.

Bitcoin can be used borderless and you can send it to a receiving address and don't have to care where is the owner of that address is living at. Having bitcoin, using good fee and your transaction will be confirmed by miners and will be transacted to the receiver.

It is globally transactable and its transactions are irreversible so you will have never be charged back. When you or any receiver get bitcoin from a confirmed transaction, it is done. You have bitcoin and it is safe in your wallet.

Bitcoin transactions are not seamlessly, not perfect if you use low fee rate but irreversible, no censorship are very good for safe transactions.

Plaguedeath

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Quote from: lionheart78 on July 30, 2023, 05:50:10 PM

I also think that regulation is the greatest challenge of cryptocurrency. The acceptance of a country is the most difficult hurdle cryptocurrency has to face but once Bitcoin is able to surpass this hurdle and get accepted by major countries, I believe there will be an adoption explosion where Bitcoin will be trendy and get accepted everywhere. And for that to happen, Bitcoin should establish its real-life use case and put pressure to be demanded by the majority of the population so that the governmetn will pay attention and be inclined to accept it due to the possible benefits it can gain from BTC and its technology.

I will be the one who against of regulation toward Bitcoin because it will make the government able to control every citizen Bitcoin as they will create their own exchange. Bitcoin don't need to be regulated especially accepted as legal tender, just make it in grey area and commit if they will never ban Bitcoin, so it will make people who want to own Bitcoin don't get discouraged. When Bitcoin isn't regulated, it will give a choice for Bitcoin holders' to protect their privacy.

fruktik

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Quote from: Texac on July 30, 2023, 10:50:14 AM

Apart from El Salvador and Central South Africa, two 3rd world countries, no other country accepts bitcoin as a legal tender. so I wouldn't believe that European countries or countries with developed economies would accept bitcoin as a legal tender. bitcoin will certainly soon be accepted on a global level but it will likely just be a commodity or an asset. I don't spread Fuds but this is what I predict for bitcoin futures. while the OP's news is very positive about accepting bitcoin, accepting it as legal tender is a much larger-scale issue.

I don't agree with you. At the moment, in many European countries you can see the moment that sellers accept crypto as a means of payment. You would have to go to the right topic to see this.
Times are changing and technology is not standing still. More and more entrepreneurs are considering this option of accepting payments. In a few years, their number will increase even more.

Topic: The beauty of Bitcoin is in use case. - page 2. (Read 618 times)