Topic: what do we need to bring bitcoin to mainstream? - page 2. (Read 2436 times)
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Simple: more merchants accepting it and more media coverage about it.
Scalability.
If Bitcoin becomes any more mainstream than it is now, then mainstream investors will attempt to use it.
I mean, USE it, in its capacity as a financial network rather than as a speculative vehicle.
If this were to happen today, it would be disastrous. Bitcoin is at this time nearly useless as a financial network, because it is still limited to less than a thousand transactions per second.
If mainstream investors attempt to use it as a financial network, this weakness will be exposed, and its value even as a speculative vehicle will collapse.
1. More certainty from the regulatory/legal process.
2. Publicizing how useful bitcoin is in avoiding authoritarian regimes capital controls.
3. Cyprus-like event asset protection.
4. Easy use for micro-payments.
5. Dark wallet/zero etc anonymity type application availability.
6. Credit card type ease of use for grandma. Ease of use is key. Swipe a card and it just works.
Not all are required, and there are probably many more, but each could be important.
2. Publicizing how useful bitcoin is in avoiding authoritarian regimes capital controls.
3. Cyprus-like event asset protection.
4. Easy use for micro-payments.
5. Dark wallet/zero etc anonymity type application availability.
6. Credit card type ease of use for grandma. Ease of use is key. Swipe a card and it just works.
Not all are required, and there are probably many more, but each could be important.
My first though to this question is, what's mainstream? I see it as a somewhat chicken and egg, it will gain acceptance and widespread adoption if and when there is acceptance and widespread adoption. I'm not sure you can force it, it happens organically or it doesn't happen beyond a niche.
Having said that, a number of technical and operational issues need to be resolved (i know they are being addressed) that will be discussed at length. I see the biggest obstacle as easily transferring money in and out. There needs to be robust, easy to use exchanges that can bridge the gap between reality (people get paid in £ and $ etc) to long term objectives.
Having said that, a number of technical and operational issues need to be resolved (i know they are being addressed) that will be discussed at length. I see the biggest obstacle as easily transferring money in and out. There needs to be robust, easy to use exchanges that can bridge the gap between reality (people get paid in £ and $ etc) to long term objectives.
Agreed, ease of use is crucial for making this type of currency popular with people. But also stability is important as well. A coin that fluctuates so much in price from day to day, often by + or - $100usd a day isn't very viable to businesses. Mostly just in speculation, but actually using the currency to purchase goods and services instead of simply investing is the key factor.
My first though to this question is, what's mainstream? I see it as a somewhat chicken and egg, it will gain acceptance and widespread adoption if and when there is acceptance and widespread adoption. I'm not sure you can force it, it happens organically or it doesn't happen beyond a niche.
Having said that, a number of technical and operational issues need to be resolved (i know they are being addressed) that will be discussed at length. I see the biggest obstacle as easily transferring money in and out. There needs to be robust, easy to use exchanges that can bridge the gap between reality (people get paid in £ and $ etc) to long term objectives.
Having said that, a number of technical and operational issues need to be resolved (i know they are being addressed) that will be discussed at length. I see the biggest obstacle as easily transferring money in and out. There needs to be robust, easy to use exchanges that can bridge the gap between reality (people get paid in £ and $ etc) to long term objectives.
If someone will begin delivery of petroleum for cryptocurrency, then those currency will be mainstream instantly worldwide.
Or some producers of other fonts of energy goes to this decision.
Who will test to sell solar energy for crytocurrency, if he need ROI in USD/Euro?
Or some producers of other fonts of energy goes to this decision.
Who will test to sell solar energy for crytocurrency, if he need ROI in USD/Euro?
hi
i'm giving a lecture to investors, regulators, gvmt officials and such next week
wanted to title my lecture "from here to mainstream" and wanted to check the hive mind on what do YOU think are the greatest barriers make bitcoin truly mainstream
thanks in advance
i'm giving a lecture to investors, regulators, gvmt officials and such next week
wanted to title my lecture "from here to mainstream" and wanted to check the hive mind on what do YOU think are the greatest barriers make bitcoin truly mainstream
thanks in advance
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