This is the biggest reason stopping general public from converting to bitcoin.

Badonkadonk

hero member

Activity: 560

Merit: 500

Quote from: LatestBTC on December 11, 2013, 10:30:35 AM

Quote from: quone17 on December 09, 2013, 04:44:16 PM

One major problem is people not being able to get BTC. I mean I have tried and it's such a pain, that sometimes it's not worth it for the advantages of BTC. I mean I ocassionally mine them too but the exchanges seem incompetent.

Totally agree with that. Bitcoins are still hard to purchase. If you could buy Bitcoins at BTC-e MtGOX and Bitstamp with your credit or debit card bitcoin would be vastly more popular

for that to happen, the banks need to man up first Tongue

LatestBTC

newbie

Activity: 13

Merit: 0

Quote from: quone17 on December 09, 2013, 04:44:16 PM

One major problem is people not being able to get BTC. I mean I have tried and it's such a pain, that sometimes it's not worth it for the advantages of BTC. I mean I ocassionally mine them too but the exchanges seem incompetent.

Totally agree with that. Bitcoins are still hard to purchase. If you could buy Bitcoins at BTC-e MtGOX and Bitstamp with your credit or debit card bitcoin would be vastly more popular

chowderman

full member

Activity: 134

Merit: 100

The biggest reason the 'general public' doesn't switch to Bitcoin is that they pay with their lives in their national (fiat) currencies. There may be some isolated instances where what I am about to say is true, but on a global scale, you can't pay rent/mortgage, you can't buy groceries, you can't pay for fuel/transportation, you can't pay utilities with bitcoin...As long as people are paying for their lives in Fiat, bitcoin isn't going to replace it, which many o fyou desire.

The reality is, Bitcoin will find its niche market, online transactions, microtransactions, which payment processors been searching a solution for a while, bitcoin solves that. All in all despite the niche, its not going to replace anything, no matter how much the general public adopt it. It will run along side fiat in its own way.

It's realist and subjective thinking, come on be real.

miners78

newbie

Activity: 56

Merit: 0

I don't think the average person would refuse to use it on the basis that it would make others rich...

Badonkadonk

hero member

Activity: 560

Merit: 500

Quote from: JBardey on December 09, 2013, 07:32:28 PM

I think it's the volatility and lack of uses. Average people don't want to be putting $1000 in only to find out it's only $700 tomorrow. And that they then can't spend that $700 at many places.

atleast btc goes up, fiat has done nothing but go down over the last few decades.
while fiat has dropped in value by xxxx% the last few decades.
btc has done the opposite and gone up xxxx%, but in only 4 years.

as btc becomes more widespread it will only rise in value, sure it might fluctuate a little short term, but long term its going straight up.
and eventualy it will become stable.

JBardey

newbie

Activity: 26

Merit: 0

I think it's the volatility and lack of uses. Average people don't want to be putting $1000 in only to find out it's only $700 tomorrow. And that they then can't spend that $700 at many places.

jcoin200

hero member

Activity: 504

Merit: 500

Problem 1) People get wrapped up in understanding how they work, which really isn't of importance to most people

Problem 2) People dont know how to get them.

Problem 3) People out there scamming constantly will leave a bad taste in peoples mouth and in my opinion is one of the biggest problems. How will your average Joe start using it if they have to constantly worry about being ripped off?

With that said, I think that only a fraction of the potential people using them are currently using them. Really once you learn the basics its no different than using any payment app or other method. I think anyone who can figure out facebook can use bitcoin. So in the long run, I think BTC is going to keep spreading

freethink2013

full member

Activity: 224

Merit: 100

It's so difficult to get bitcoin. So many hurdles. Thing is, as cypress showed us, when there is a real chance of a bail in suddenly the hurdles are no longer insurmountable.

quone17

full member

Activity: 224

Merit: 104

One major problem is people not being able to get BTC. I mean I have tried and it's such a pain, that sometimes it's not worth it for the advantages of BTC. I mean I ocassionally mine them too but the exchanges seem incompetent.

Badonkadonk

hero member

Activity: 560

Merit: 500

Quote from: malumeze86 on December 06, 2013, 10:29:02 PM

Quote from: Bitcoinpro on December 06, 2013, 10:39:22 AM

How did you get my picture?

Shocked

the nsa ofc.
"we are always watching you" Wink

malumeze86

member

Activity: 88

Merit: 10

Quote from: Bitcoinpro on December 06, 2013, 10:39:22 AM

How did you get my picture?

Shocked

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: TheJacob on December 06, 2013, 06:44:05 PM

The average person isn't putting money into bitcoin because they have no reason to need them, they are fairly difficult to obtain, and they can't understand how the thing even works.

1. They will need them, as fiat is losing its value.

2. Yes. They are fairly difficult to obtain. But that should change in the future.

3. Publicity will help, even if it is negative. The idea behind the BTC is quite simple. Remember, everyone using fiat is not an economist. So this point should not be a concern.

TheJacob

full member

Activity: 224

Merit: 100

The average person isn't putting money into bitcoin because they have no reason to need them, they are fairly difficult to obtain, and they can't understand how the thing even works.

Naruto.me

member

Activity: 115

Merit: 10

Bitcoin provide an alternative for those who don't want to trade with fiat currency. If all the Gov. keep on printing money majority of people will choose which currency is honest , cannot be taxed by printing and eventually will accept it.

Desensitizer

newbie

Activity: 42

Merit: 0

Although I sense a trollish nature in the OP's original post I think that hurdles to mainstream adoption is an important topic to be discussed amongst the bitcoin community as it directly relates to the advancement of bitcoins as a whole. I know from my personal experience what seems to be the biggest hurdle amongst my friends that keeps them out of the bitcoin community is the difficulty posed in acquiring them. You can't simply Paypal or credit card the amount of bitcoins you want, you have to do complicated fee-heavy stuff like wire transfers or other currency conversions then go on marketplaces in order to safely get the customizable amount of coin you want. I find it rather cumbersome also, but I mine bitcoins and acquire them in other ways so I myself am not too concerned.

natd

full member

Activity: 182

Merit: 102

The main reason is because the exchange rate is not steady. Nobody cares if acceptance woul make anyone rich, as long as it's useful and it has value. Otherwise people wouldn't buy Trump's properties Wink

rikkejohn

hero member

Activity: 644

Merit: 500

People won't adopt bitcoin because (1) there is no institutional or legal backup to the currency; and (2) the price fluctuates wildly because of speculation (we could be in a situation now where some people will lose $100k or whatever after investing at a price that to me is wildly unsustainable)

You could add another small reason: it is slow and not ideal in a world in which transactions are often instant (debit, credit card). But crypto in general can be fast so no reason to be hung up on that.

It's a kind of wild west currency, no rules, big players controlling the market, pump and dumps, and lots of fun.

But Granny won't be having any of it.

I'd love to get an insight into how the market really works, the exchanges, the big players, how organised the pumps are.

Quite fascinating.

zimmah

legendary

Activity: 1106

Merit: 1005