Topic: The problems that needs to be solved in order to get new bitcoin adopters (Read 1803 times)
May 01, 2014, 07:12:39 AM
I'd say need to find new ways to educate and attract people to Bitcoin. I think people don't see all the advantages because they are thinking small time and we need to make advantageous of using crypto extremely obvious.
May 01, 2014, 07:00:22 AM
problem 4: bitcoin is still beta, and too many scammers and hackers around
problem 5: Mt Gox won't be easily forgotten
problem 5: Mt Gox won't be easily forgotten
I agree very much with problem 4....
Too much bad boys trying to scam others give a very bad light to btc, and this bad fame, keep new investors away, no investors, no money.
Hopefully this fear and caution about getting scammed recedes when (if) big, trusted companies enter the space. Like how people were cautious of the early internet and using their credit card online; once big firms got into it and offered online stores, most resistance slowly faded in the face of convenience.
I agree with you a massive adoption as a form of money (that is what bitcoin was designed for...) can reduce this problem, and make benefit to mining too, as most of the mining cost will, in the future, be pay directly in btc instead of convert to fiat, so more reduction in exchange volatily...
May 01, 2014, 06:39:24 AM
Problem 1: They either play it off because they did not take the time out to research the utility or do not understand the concept. (solves double spending etc).
Bitcoin doesn't solve double spending. In fact, it's the only thing that can be double spent, and is a large part of the need for grossly inefficient mining. Some things that it does "solve" are charge backs and counterfeiting.
Hey, I don't know a better alternative (PoS is exactly that, a Piece of Shit) but you you can't tell me that mining is an efficient use of resources. I don't know the exact numbers these days, but I know in 2011 it was something like $45k/hour in electricity costs, and has only gone up since. I realize that on a Gh/s/KwH basis, mining has gotten more efficient, but it's far from ideal. So sit down, shut up and take your Ritalin, because I wasn't attacking your precious Bitcoin.
May 01, 2014, 06:18:28 AM
Problem 1: They either play it off because they did not take the time out to research the utility or do not understand the concept. (solves double spending etc).
Bitcoin doesn't solve double spending. In fact, it's the only thing that can be double spent, and is a large part of the need for grossly inefficient mining. Some things that it does "solve" are charge backs and counterfeiting.
Hey, I don't know a better alternative (PoS is exactly that, a Piece of Shit) but you you can't tell me that mining is an efficient use of resources. I don't know the exact numbers these days, but I know in 2011 it was something like $45k/hour in electricity costs, and has only gone up since. I realize that on a Gh/s/KwH basis, mining has gotten more efficient, but it's far from ideal. So sit down, shut up and take your Ritalin, because I wasn't attacking your precious Bitcoin.
May 01, 2014, 01:02:09 AM
problem 4: bitcoin is still beta, and too many scammers and hackers around
problem 5: Mt Gox won't be easily forgotten
problem 5: Mt Gox won't be easily forgotten
I agree very much with problem 4....
Too much bad boys trying to scam others give a very bad light to btc, and this bad fame, keep new investors away, no investors, no money.
Hopefully this fear and caution about getting scammed recedes when (if) big, trusted companies enter the space. Like how people were cautious of the early internet and using their credit card online; once big firms got into it and offered online stores, most resistance slowly faded in the face of convenience.
May 01, 2014, 12:56:05 AM
problem 4: bitcoin is still beta, and too many scammers and hackers around
problem 5: Mt Gox won't be easily forgotten
problem 5: Mt Gox won't be easily forgotten
Problem 5 is getting worst: https://bitcointalksearch.org/topic/more-proof-that-savegoxcom-is-a-sham-590970
I've been told my numerous people that 'the bitcoin' was hacked because of the Mt Gox saga. We need more media positivity.
May 01, 2014, 12:45:08 AM
problem 4: bitcoin is still beta, and too many scammers and hackers around
problem 5: Mt Gox won't be easily forgotten
problem 5: Mt Gox won't be easily forgotten
Problem 5 is getting worst: https://bitcointalksearch.org/topic/more-proof-that-savegoxcom-is-a-sham-590970
If that piece of shit exchange re-materializes, it will be a sad day indeed.
Fuck you Mark.
No Mark "I will be somebodys FatBoy Chubby Lover in Jail" Karples involvement
People with half a clue will be running the show Gox 2.0 ...its a good news story ..we need a new western bastion of power for an exchange instead of being dogs to our chinese overlords
Can't see GOX 2.0 coming back IMO.
The brand has been dragged through the mud (rightly so). The guys proposing to take over have no previous financial experience (a la Mark K). The only value in the company is the 500k verified accounts, but even that isn't worth the 600k coins they're gonna have to pay back. Not to mention, who in their right mind would trade there?
Never ever ever wanna see that shithole back online regardless of who's running it. We've got decent exchanges now, another clusterfuck is not required. Cannot wait to see Mark behind bars. I hope he realizes how many lives he's destroyed.
April 30, 2014, 11:36:32 PM
problem 4: bitcoin is still beta, and too many scammers and hackers around
problem 5: Mt Gox won't be easily forgotten
problem 5: Mt Gox won't be easily forgotten
Problem 5 is getting worst: https://bitcointalksearch.org/topic/more-proof-that-savegoxcom-is-a-sham-590970
If that piece of shit exchange re-materializes, it will be a sad day indeed.
Fuck you Mark.
No Mark "I will be somebodys FatBoy Chubby Lover in Jail" Karples involvement
People with half a clue will be running the show Gox 2.0 ...its a good news story ..we need a new western bastion of power for an exchange instead of being dogs to our chinese overlords
April 30, 2014, 11:14:51 PM
problem 4: bitcoin is still beta, and too many scammers and hackers around
problem 5: Mt Gox won't be easily forgotten
problem 5: Mt Gox won't be easily forgotten
Problem 5 is getting worst: https://bitcointalksearch.org/topic/more-proof-that-savegoxcom-is-a-sham-590970
If that piece of shit exchange re-materializes, it will be a sad day indeed.
Fuck you Mark.
April 30, 2014, 11:09:44 PM
problem 4: bitcoin is still beta, and too many scammers and hackers around
problem 5: Mt Gox won't be easily forgotten
problem 5: Mt Gox won't be easily forgotten
Problem 5 is getting worst: https://bitcointalksearch.org/topic/more-proof-that-savegoxcom-is-a-sham-590970
April 30, 2014, 09:49:28 PM
problem 4: bitcoin is still beta, and too many scammers and hackers around
problem 5: Mt Gox won't be easily forgotten
problem 5: Mt Gox won't be easily forgotten
Problem 5 is getting worst: https://bitcointalksearch.org/topic/more-proof-that-savegoxcom-is-a-sham-590970
April 30, 2014, 09:31:15 PM
Most americy have thousands in credit card debt. They aren't going to buy bitcoins to spend em IMO. They can only keep racking up debt.
April 30, 2014, 08:25:55 PM
Problem 1: They either play it off because they did not take the time out to research the utility or do not understand the concept. (solves double spending etc).
Bitcoin doesn't solve double spending. In fact, it's the only thing that can be double spent, and is a large part of the need for grossly inefficient mining. Some things that it does "solve" are charge backs and counterfeiting.
April 30, 2014, 06:07:25 PM
Problem 1: They either play it off because they did not take the time out to research the utility or do not understand the concept. (solves double spending etc).
Bitcoin doesn't solve double spending. In fact, it's the only thing that can be double spent, and is a large part of the need for grossly inefficient mining. Some things that it does "solve" are charge backs and counterfeiting.
April 30, 2014, 04:59:42 PM
joe blow doesn't want to put a large some of money for him into something where he will only get a piece. People don't want to feel like they own a fraction of something.
And yet they seem happy buying shares of companies. They don't seem to feel they have to buy whole companies.
Maybe they should think of satoshis as shares of bitcoins. Wow. You can currently get a million shares for less than five bucks.
So the idea then is that bitcoin is not digital money, is not payment system ... it's kind of stock generated by bitcoin community ? I personally like that idea ... but I don't know if the general public sees bitcoin like that ..
Problem 6: Even people in favour of Bitcoin don't really know what it is.
April 30, 2014, 04:54:13 PM
joe blow doesn't want to put a large some of money for him into something where he will only get a piece. People don't want to feel like they own a fraction of something.
And yet they seem happy buying shares of companies. They don't seem to feel they have to buy whole companies.
Maybe they should think of satoshis as shares of bitcoins. Wow. You can currently get a million shares for less than five bucks.
So the idea then is that bitcoin is not digital money, is not payment system ... it's kind of stock generated by bitcoin community ? I personally like that idea ... but I don't know if the general public sees bitcoin like that ..
April 30, 2014, 03:56:19 PM
Adoption will accelerate when insolvent banks will start to be bailed-in at the expense of their depositors. Then crypto currencies adoption rates will spring by leaps and bounds, won't be long now, as people will rush to rescue their savings into something that can hold value and cannot be confiscated. The credit bubble can pop any day now and will trigger this bail-in process. Cyprus was just the early bird, watch for more cypruses soon. People still tend to think that money they deposit in the bank is theirs, well, there is a surprise waiting for them.
In view of all of the above, the problems set in the OP are miniscule.
Of course, those people who only have money to pay their debts and put food on the table can't invest in anything, bitcoin or not.
In view of all of the above, the problems set in the OP are miniscule.
Of course, those people who only have money to pay their debts and put food on the table can't invest in anything, bitcoin or not.
April 30, 2014, 03:52:53 PM
problem 4: bitcoin is still beta, and too many scammers and hackers around
problem 5: Mt Gox won't be easily forgotten
problem 5: Mt Gox won't be easily forgotten
I agree very much with problem 4....
Too much bad boys trying to scam others give a very bad light to btc, and this bad fame, keep new investors away, no investors, no money.
April 30, 2014, 03:49:46 PM
joe blow doesn't want to put a large some of money for him into something where he will only get a piece. People don't want to feel like they own a fraction of something.
And yet they seem happy buying shares of companies. They don't seem to feel they have to buy whole companies.
Maybe they should think of satoshis as shares of bitcoins. Wow. You can currently get a million shares for less than five bucks.
April 30, 2014, 03:38:02 PM
Quote
Problem 2: They do not have the capital to invest a decent amount in bitcoin, so they blow it off.
People count numbers like 1, 2, 3, 4 ... nobody feels good (psychologically) buying 0,00001234 bitcoin ...
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