What do you think might be holding back Bitcoin's success? - page 4.

Kevin77

legendary

Activity: 1652

Merit: 1057

Quote from: ausbit on January 08, 2016, 07:04:24 AM

Quote from: glerand on December 15, 2015, 03:48:06 AM

Price volatility is the biggest problem. We do not know what the price will be next week. We cannot use it as investment.

We have to be confident first about the Bitcoins price volatility, because we don't know the future but still businesses are running with hopes for any things. So I personnely feel that if we hold back some Bitcoins will sure give success.

No, bitcoin is a kind of currency lot’s of people are really love to use. Even it's a volatile currency and nobody knows what the price will be tomorrow, still people are investing their money into bitcoin ecosystem. Most of the people thinks that bitcoin is the future of world currency. This hope is the real backing for bitcoin system.

Bitcoinbro

sr. member

Activity: 420

Merit: 250

Quote from: Newcoins2020 on January 08, 2016, 10:25:11 AM

There should been a advertisement about bitcoin in the TV I think people will just use it.
But people are also scare using it and they don't know how it works.
Some people are old fashion so yeah let them be. It will be nice if all people use bitcoin.

Agree with the advertisements

There's just not enough info out there in the real world

There is more than enough online but only if you look for it

You won't just stumble on it

Newcoins2020

sr. member

Activity: 406

Merit: 250

There should been a advertisement about bitcoin in the TV I think people will just use it.
But people are also scare using it and they don't know how it works.
Some people are old fashion so yeah let them be. It will be nice if all people use bitcoin.

bitlancr

hero member

Activity: 616

Merit: 500

Quote from: owm123 on January 08, 2016, 08:44:38 AM

I would add to this poor bitcoin privacy.

Bitcoin core dev, Greg Maxwell, says that many companies are scared of bitcoin, because if they used it, all their transactions would be made public.

https://youtu.be/9pyVvq-vrrM?t=2286

This is not what usually companies, and individuals, want.

Exactly, that's the most important reasons as to why companies and corporate operations are holding off on using bitcoin. It's a shame really, I'm hoping for someday this will change, even though for us regular users, it's perfect but if we want the whole world to adopt, we would need to change this.

chokesir

full member

Activity: 196

Merit: 100

fastdice.com The Worlds Fastest Bitcoin Dice

Quote from: flagpara on January 08, 2016, 08:59:42 AM

Quote from: owm123 on January 08, 2016, 08:44:38 AM

I would add to this poor bitcoin privacy.

Bitcoin core dev, Greg Maxwell, says that many companies are scared of bitcoin, because if they used it, all their transactions would be made public.

https://youtu.be/9pyVvq-vrrM?t=2286

This is not what usually companies, and individuals, want.

True. Lots of people talk about the anonymous part of bitcoin, but that's fucking wrong. Once the adress you used is known, every transaction can be followed. There is no bank secret in that!

Really true in CoinBase you need a picture of your ID to confirm is really you. I don't like that very much, because you won't be that anonymous after that. If you want to do some illegal things than better have other wallet. If you not doing some illegal things than is nothing wrong knowing your ID.

flagpara

full member

Activity: 756

Merit: 100

Quote from: owm123 on January 08, 2016, 08:44:38 AM

I would add to this poor bitcoin privacy.

Bitcoin core dev, Greg Maxwell, says that many companies are scared of bitcoin, because if they used it, all their transactions would be made public.

https://youtu.be/9pyVvq-vrrM?t=2286

This is not what usually companies, and individuals, want.

True. Lots of people talk about the anonymous part of bitcoin, but that's fucking wrong. Once the adress you used is known, every transaction can be followed. There is no bank secret in that!

owm123

sr. member

Activity: 392

Merit: 250

I would add to this poor bitcoin privacy.

Bitcoin core dev, Greg Maxwell, says that many companies are scared of bitcoin, because if they used it, all their transactions would be made public.

https://youtu.be/9pyVvq-vrrM?t=2286

This is not what usually companies, and individuals, want.

Labumi

hero member

Activity: 756

Merit: 500

I think, Bitcoin at this year's (2016) until next year would further demonstrate their success.

Because there have been many who know the system and accept Bitcoin (country, company, a Bank, a Billionaire, etc.).

So I think the Bitcoin will return success this year and the coming year

Blind Legs Parker

hero member

Activity: 2016

Merit: 721

Quote from: davinchi on January 08, 2016, 08:21:59 AM

The faith on bitcoin is backing it's success so far.

What do you mean "The faith on bitcoin is backing it's success so far"?
Faith is the only thing it needs to be successful. Faith is actually the only thing any currency needs to be successful. If John Lennon had been a bitcoiner he'd have sung "all you need is faith". I can't think of anything else that bitcoin would need but faith, really.

Maxsumi

member

Activity: 94

Merit: 10

Mass adoption by people. Not many people know about bitcoin.
Bitcoin needs more advertisement and less news about bitcoin being only used for illegal activities

nonbody

hero member

Activity: 826

Merit: 501

2local[IEO] - https://2local.io/

The weakness of bitcoin is non stop debate about an issue, still cannot reach some extent of consensus. In protocol, we don't have poll system implemented.

flagpara

full member

Activity: 756

Merit: 100

I would say that the main weakness of btc is its community... Sorry folks, but most of the forum are not really kind dudes... Scams, insults and stupid debates are a daily common thing here...

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: ausbit on January 08, 2016, 07:04:24 AM

Quote from: glerand on December 15, 2015, 03:48:06 AM

Price volatility is the biggest problem. We do not know what the price will be next week. We cannot use it as investment.

We have to be confident first about the Bitcoins price volatility, because we don't know the future but still businesses are running with hopes for any things. So I personnely feel that if we hold back some Bitcoins will sure give success.

I don’t think bitcoin is in the proper position to succeed. Come to think of it, bitcoin is just an electronic currency you can’t even see, you might lose it so easily. People are likely to believe in what they see and not what they can’t see.

Bitcoin is not acceptable in Bank’s anywhere, and not every big company online accepts bitcoin, so why should people be interested. That is the very mysterious part of the bitcoin.

The faith on bitcoin is backing it's success so far.

mobnepal

legendary

Activity: 1218

Merit: 1006

Quote from: justspare on December 15, 2015, 03:54:11 AM

I think one of the reasons is Bitcoin's reputation. With all this bullshit about ISIS and Europe crisis using Bitcoin, Bitcoin's reputation is ruined.

However i don't think people are panic like before whenever this is bad news out there. This is what bitcoin needed, peoples trust you can see how price keep stable when paris attack and lots of other cyber crime get connected with bitcon recently.

ausbit

legendary

Activity: 1330

Merit: 1019

Quote from: glerand on December 15, 2015, 03:48:06 AM

Price volatility is the biggest problem. We do not know what the price will be next week. We cannot use it as investment.

We have to be confident first about the Bitcoins price volatility, because we don't know the future but still businesses are running with hopes for any things. So I personnely feel that if we hold back some Bitcoins will sure give success.

DrLove2048

member

Activity: 84

Merit: 10

To anyone worried about negative publicity, I wouldn't car tooo much. Every single thing now-a-days gets negative publicity. You could probably donate thousands or cans of food to the homeless and the right-wings would say that's enabling the poor and they cheat the system and the left-wing would say that it's unethical to donate GMO food products...

Rizky Aditya

hero member

Activity: 700

Merit: 500

The transaction time of Bitcoin is too high which I think is one of the reasons people are deterred from Bitcoin.

justspare

hero member

Activity: 1022

Merit: 538

I think one of the reasons is Bitcoin's reputation. With all this bullshit about ISIS and Europe crisis using Bitcoin, Bitcoin's reputation is ruined.

glerand

member

Activity: 100

Merit: 10

Price volatility is the biggest problem. We do not know what the price will be next week. We cannot use it as investment.

boby-1

member

Activity: 86

Merit: 10

bitcoin has faced many problems like mt gox,pasic attack and some more well known prospects but as we know it can be bad or good but whole world needs something like bitcoin for the revolution.it maybe people needs a time to trust it back but they will sure come back and use it someday

Topic: What do you think might be holding back Bitcoin's success? - page 4. (Read 4084 times)