Topic: We need an incentive to make first world population use Bitcoin (Read 3751 times)

However all these supposed advantages does not represent anything significant for the common people. Unfortunately the bitcoin ecosystem is so in the hands of technicians and engineers that we think that all people must understand about advanced technologies to adopt bitcoin, and I think that is a regrettable mistake.

The companies that actually use bitcoin are small companies, if we want for bitcoin to become something that everyone uses and become the best alternative for fiat we need big companies to step up and start using it, like eBay or Amazon to make it as a payment method so that it becomes more popular.

You are both right that nobody in their right mind will spend his personal cash to advertise Bitcoin in a big manner. But we can all still do something. Start using it, not just holding. If you run a business then give a small discount for people paying in Bitcoin. If you run a Bitcoin company then you could do some advertisement for your business and this would also be a litte advertisement for Bitcoin.

Because living there will require much more money compared to third world country and that's why so many people in first world country when moving out to the third world country will be instant rich as long they have savings in form of their own currencies therefore people need to be smart to keep their money efficiently without doing anything which is unnecessary and yeah I think that giving special discount for using bitcoin will be very effective but the problem is no one is going to do this unless someone who have some shop but also bitcoin geek.

Im not including third/second world because I think eventually people that don't have access to banks will naturally see Bitcoin as the solution, but as of right now, the average person in a first world country in a regular situation, if they learn about Bitcoin they will threat it as something that is worth holding long term, like gold, but not something that's worth paying groceries for with, or anything ordinary. I mean, why would anyone pay something you can buy with fiat already, without having to change your fiat to BTC, losing money in the conversion?

This is why we need an incentive, such as cheaper prices. Purse.io is the only reason I know of why I would want to pay with BTC. Other than that, I see no reason and I value my BTC too much to spend on "stuff".

Therefore it is established that we need to incentive people to use it.

If we can't find any ways to do so, Bitcoin will remain as a new form of electronic gold with special features, maybe until "Government Coin" is launched and millions of people start looking for alternatives (since with "Government Coin" it will mean physical cash, that is paper and metal coins, will be removed from circulation, this may be the point where Bitcoin goes to 100k+ per coin, since the entire underground economy will not simply stop existing, but it will find its way for alternatives, and Bitcoin will be the best alternative)

But until then, like I said before, I don't see real reasons of why the average joe is going to pay with BTC, specially when they don't get paid in BTC, because if you get paid directly in BTC you are more prone to spend it, since you don't need to do the stupid fiat->BTC->buy conversion.

Giving incentives from paying by bitcoins instead of cash, discounts and rebates to name a few. since even the first world country are always looking for extra savings on what they buy.

i doubt that people in those countries (mostly third world developing countries with little resources and lack of interenet access) are really "adopting" bitcoin. there may be some increased activity in these countries because of their economy situation but in the end they don't have enough money to feed their family, so they are not really looking for big investments.

I think it is a long way to go that people going for digital cryptocurrency .and we have no control no matter what ineciative we take , its upto in the hands of government that they will accept it or not .

So why are they not mass adopting Bitcoin? Or are they and we are just not noticing? Bitcoin could be a good way of at least trying to escape a harsh inflation. I see why some poorer countries do not use Bitcoin for micro transactions because of the high fees, but what are the reasons for the rest?

 Don't forget South Americans... Places like Venezuela (facing a crisis right know) are adopting Bitcoin to save purchasing power..

agreed,,
why waste efforts trying to convert 320m americans 64m brits. 700m europeans
when aiming for 1.2bill africans, 1.2bill indians, 4.5billian asians would hlp the world more. while having less resistance due to the lack of corporate control there

advantages
no software touches the device
private keys remain hidden
the device is wearable (new fashion craze=popular)
making a tx is as simple as shaking your wrist
no need to understand the mechanics of bitcoin to use it