Topic: the biggest problem with Bitcoin? Nobody uses it ... - page 2. (Read 1674 times)
But one difference between 2011 and 2014, the value of BTC. Hard to argue that, right?
Expedia booked more hotel rooms than expected with their new BTC option.
Dish network, Newegg, etc... Things are happening fast, and this is not still 2011.
Dish network, Newegg, etc... Things are happening fast, and this is not still 2011.
In 2011 I would ask random people on the street if they heard of Bitcoin. The answer was invariably NO.
In 2014 I ask the same question, and the answer is usually YES.
Problem is, hardly anyone is actually USING Bitcoin to buy and sell anything but drugs. It is popular for webhosting, VPS servers and narcotics - basically the same as 2011, except that more people have heard of it now.
For Bitcoin to become a mainstream currency, it needs to be used in mainstream transactions. Presently I don't see this happening; Bitcoin auctions and classifieds sites are scarily dead, and hardly anyone is conducting in-person Bitcoin transactions for physical goods. As Kashmir Hill notes, it's a little easier to live on Bitcoin this year, but still very much a challenge.
For mainstream adoption to occur, two things must happen:
A. Bitcoin must become easier to use and understand for the AVERAGE PERSON and
B. Brick-and-mortar businesses need an easy and sensible way to accept Bitcoin from their customers without being exposed to market volatility or double-spend risks
I'm always looking to invest in companies who want to make A and B a reality ..
In 2014 I ask the same question, and the answer is usually YES.
Problem is, hardly anyone is actually USING Bitcoin to buy and sell anything but drugs. It is popular for webhosting, VPS servers and narcotics - basically the same as 2011, except that more people have heard of it now.
For Bitcoin to become a mainstream currency, it needs to be used in mainstream transactions. Presently I don't see this happening; Bitcoin auctions and classifieds sites are scarily dead, and hardly anyone is conducting in-person Bitcoin transactions for physical goods. As Kashmir Hill notes, it's a little easier to live on Bitcoin this year, but still very much a challenge.
For mainstream adoption to occur, two things must happen:
A. Bitcoin must become easier to use and understand for the AVERAGE PERSON and
B. Brick-and-mortar businesses need an easy and sensible way to accept Bitcoin from their customers without being exposed to market volatility or double-spend risks
I'm always looking to invest in companies who want to make A and B a reality ..
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