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Topic: We need an incentive to make first world population use Bitcoin - page 2. (Read 3751 times)

sr. member
Activity: 280
Merit: 253
I think getting our hard earned money out of the hands of the greedy bastard banks is the best idea to best honest.
For liberation reasons I would say. Also its just cool using magic internet money ^^
This will not be enough. Most do not even know about it or see it as a problem, so telling them is a good start, but as sole reason this would not do the trick. It is just like telling someone that smoking is bad for there health, they will not stop.
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
Incentive why? Someone travels from Eurozone country  to USA then to China, then to UK and back to his country. How many conversions? How many fiat money did he lose ? Let speak about average Joe who lives is a european country and go to take a cup of coffee with bitcoin wallet. The cafe owner happily accepts his bitcoin and after 2 working days he will see the corresponding money to his bank account. Why cafe owner is happy? Because if Joe was buying his coffee with Visa debit card the cafe owner would have to pay 3% to the bank except all maintenance cost every month (say POS). Then a friend of Joe wants to buy a new laptop from an e-shop but he is a scammer. He buys his laptop using his PayPal account and after 1 month he opens a dispute and asks the charge back policy. So I would like to ask. Do we need an incentive or we need to inform people about pros and cons of bitcoin? 
hero member
Activity: 924
Merit: 501
I think getting our hard earned money out of the hands of the greedy bastard banks is the best idea to best honest.
For liberation reasons I would say. Also its just cool using magic internet money ^^
hero member
Activity: 966
Merit: 507
The incentives to use bitcoin are already there and are the characteristics that make bitcoin such a great currency, awareness will rise as governments of the world step up in their nonsense of trying to know everything you do, including what you do with your money.

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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
The incentives to use bitcoin are already there and are the characteristics that make bitcoin such a great currency, awareness will rise as governments of the world step up in their nonsense of trying to know everything you do, including what you do with your money.
hero member
Activity: 1036
Merit: 514
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.


Bitcoin won't go down to $100 even if government coin invented.
Government interested to get control as much as possible through digital currency and they could freeze your funds.
Bitcoin has power due to decentralized system and government don't like this idea.
People will automatically interested to bitcoin as too much advantages offered which quite different from fiat money, it growing as time goes on and fiat value decrease over time.
The incentive should be stores/services and big companies accepted bitcoin as legal payment.
sr. member
Activity: 280
Merit: 253
An incentive? Let's think first about who will provide it. Who will pay for it? Who will organize it? The BTC foundation? Coinbase? Your family? All the users of this forum?


Exactly. So many threads about the same thing. Until somebody spends some casn nothing is going to ahppen.
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.
newbie
Activity: 22
Merit: 0
An incentive? Let's think first about who will provide it. Who will pay for it? Who will organize it? The BTC foundation? Coinbase? Your family? All the users of this forum?


Exactly. So many threads about the same thing. Until somebody spends some casn nothing is going to ahppen.
legendary
Activity: 3052
Merit: 1188
From the way I see it the initiative that bitcoin needs is more places where you could use it on , bitcoin has not received the attention it deserves that is why some people don’t even know about it and that is why it should be used in more places like amazon or eBay as a payment method so people start using as if it was a credit card.
sr. member
Activity: 1414
Merit: 283
If what you are saying is true that the bitcoin is not for going to the shop and paying with it , then what is bitcoin used for ? , i mean all the people that have bitcoin are actually using it to buy things and spend money , why would you even own bitcoin for ? , because you want more money , it is true that you can buy it with fiat but bitcoin gives us so much potential and freedom that is why we use it.
sr. member
Activity: 812
Merit: 252
Looking back at my post, I think it's clear that we are not going to see a mainstream adoption of the first world until the governments get rid of cash because until then the average person is not going to miss its use. The average person uses cash constantly, so once you take cash away from them we will see what's obvious: they will look for an alternative and here is when bitcoin gill get massively adopted as the substitute for the underground economy.

You have a good point there, we have already so many alternatives to paying with the credit card, fiat, and debit card when we are paying for stuff like the groceries and gas. The average joe will not find bitcoin attractive if they cannot spend them on the stores they use frequently.

I saw lately on the forum that Starbucks start accepting bitcoins, this is a good starting point. The more store who will accept it, the more people will are willing to acquire them. As soon the giants will start accepting bitcoins, mass adoption will start Wink
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
Jobs!

The only incentive people need to have is to get paid in Bitcoin for their jobs. Jobs suck, minimal wage laws make people unemployed.

Unemployed people need jobs, therefore Bitcoin should provide jobs to unemployed people ,and get paid in Bitcoin for doing it.

Anywhere from micro-jobs to full time individual contractors, all jobs should be paid in Bitcoin.
legendary
Activity: 1358
Merit: 1014
Looking back at my post, I think it's clear that we are not going to see a mainstream adoption of the first world until the governments get rid of cash because until then the average person is not going to miss its use. The average person uses cash constantly, so once you take cash away from them we will see what's obvious: they will look for an alternative and here is when bitcoin gill get massively adopted as the substitute for the underground economy.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
First of all to make it possible u have to make more and more people educated about it then only u can expect that to happen .and there should be more and more bitcoin cards and atm cards and there should be erasion of dark markets .

Absolutely right, the right way before that can happen is the way we provide an understanding of what is bitcoin? and what are the advantages of using bitcoin. With that I think we can make it above. Because I believe bitcoin users are still only a few percent of the population of the earth.

i think there are a long journey for us, bitcoin community to give explaining for people in out side and we need to teach them to know bitcoin and ask them to use bitcoin. as long as we can do this, i am sure that in future bitcoin users will become first world population which use bitcoin. i think the incentive for us is the high price of bitcoin which can we sell into the market.
sr. member
Activity: 406
Merit: 250
First of all to make it possible u have to make more and more people educated about it then only u can expect that to happen .and there should be more and more bitcoin cards and atm cards and there should be erasion of dark markets .

Absolutely right, the right way before that can happen is the way we provide an understanding of what is bitcoin? and what are the advantages of using bitcoin. With that I think we can make it above. Because I believe bitcoin users are still only a few percent of the population of the earth.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
the main objection people have against bitcoin is simple
"what can i do with bitcoin once i have it"

so the obvious solution is to make bitcoin spendable. eg if you can buy toilet paper, car gasoline and baked beans. (travel, food, toiletries) then everyone will see bitcoin is not just speculative but actually real and useful.



The trouble is, if you make something scarce they WON'T spend it. This is why economists fear deflation - because if the currency of an entire country is strengthening, people start hoarding it, and all economic activity stops.

IMO the breakthrough will be made with one of the inflationary alts, say doge or steem. Bitcoin will be used as digital gold.
legendary
Activity: 3122
Merit: 1140
A few things that would help spread awareness and expand adoption are:
1) More bitcoin debit and credit cards
2) More bitcoin ATMs
3) More retailers and service providers that accept bitcoin. I know that Tesla accepts bitcoin, but imagine if General Motors or Mercedes accepted it? Both manufacturers have vast, international user bases. I think there are some synergies that could be cross marketed with one of their hybrid or electric vehicles. And even if you could not purchase a new vehicle with bitcoin, a step in the right direction would be to accept car note or lease payments in bitcoin.

I don't know about debit/credit cards, people will have to buy bitcoins to deposit on a card, don't look pratical... They can skip the bitcoin and save money.

ATM for me are a little bit useless right now.

The real point here is make the people accept bitcoin in the commerce, I think we can start by online stores and things like that since the block timer isn't pratical to local stores.

About the cars... Who have 50+ bitcoin to buy a car? I don't see much people buying.
You have a point but the possibilities of being adopted is still there because it would really depend on car owners or company to accept or adopt bitcoin just like what tesla did but i think it would really takes time since people doesnt really know too much about bitcoin and only a small percentage all over the entire population is aware on bitcoin existence.
full member
Activity: 266
Merit: 100
First of all to make it possible u have to make more and more people educated about it then only u can expect that to happen .and there should be more and more bitcoin cards and atm cards and there should be erasion of dark markets .
sr. member
Activity: 434
Merit: 250
A few things that would help spread awareness and expand adoption are:
1) More bitcoin debit and credit cards
2) More bitcoin ATMs
3) More retailers and service providers that accept bitcoin. I know that Tesla accepts bitcoin, but imagine if General Motors or Mercedes accepted it? Both manufacturers have vast, international user bases. I think there are some synergies that could be cross marketed with one of their hybrid or electric vehicles. And even if you could not purchase a new vehicle with bitcoin, a step in the right direction would be to accept car note or lease payments in bitcoin.

I don't know about debit/credit cards, people will have to buy bitcoins to deposit on a card, don't look pratical... They can skip the bitcoin and save money.

ATM for me are a little bit useless right now.

The real point here is make the people accept bitcoin in the commerce, I think we can start by online stores and things like that since the block timer isn't pratical to local stores.

About the cars... Who have 50+ bitcoin to buy a car? I don't see much people buying.
member
Activity: 110
Merit: 10
The Commercial Real Estate Coin
A few things that would help spread awareness and expand adoption are:
1) More bitcoin debit and credit cards
2) More bitcoin ATMs
3) More retailers and service providers that accept bitcoin. I know that Tesla accepts bitcoin, but imagine if General Motors or Mercedes accepted it? Both manufacturers have vast, international user bases. I think there are some synergies that could be cross marketed with one of their hybrid or electric vehicles. And even if you could not purchase a new vehicle with bitcoin, a step in the right direction would be to accept car note or lease payments in bitcoin.
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