what hinders bitcoin to become a mainstream currency? - page 5.

Golftech

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Quote from: Catmony on April 18, 2017, 12:55:19 AM

Quote from: Doofus on April 17, 2017, 10:16:32 PM

Security? Crime? Inflation?

Security = Bitcoin is the most secure form of payment
Crime = Fiat is also related with crime along with bitcoin, this can't hinder the growth of bitcoin
Inflation = Bitcoin have ZERO inflation so this doesn't make any sense

Bitcoin will be mainstream currency, but it need some time.

nice answer mate those information is not been broadcast that's why people awareness should be taking care as well
from this point bitcoin can be popular will gather more interest coming from investors and businessman, the more they
understand those advantage the more interested they can be to this system.

Catmony

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Quote from: Doofus on April 17, 2017, 10:16:32 PM

Security? Crime? Inflation?

Security = Bitcoin is the most secure form of payment
Crime = Fiat is also related with crime along with bitcoin, this can't hinder the growth of bitcoin
Inflation = Bitcoin have ZERO inflation so this doesn't make any sense

Bitcoin will be mainstream currency, but it need some time.

Wind_FURY

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Quote from: Doofus on April 17, 2017, 10:16:32 PM

Security? Crime? Inflation?
Bitcoin is money and thus serves the same functions that any money does: a medium of exchange, a unit of account, and a store of value.But can it prominently satisfy all these functions?

Nothing. You just have to accept that Bitcoin was not meant to be a "mainstream" currency. How can it be? It is slow, there is no charge back feature and the government will have a hard time controlling it. But that does not mean you should stop using or stop having some of it.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

Quote from: Doofus on April 17, 2017, 10:16:32 PM

Security? Crime? Inflation?

None of these. IMO, the biggest issue is the lack of partnerships with the major online retailers such as Ebay, Alibaba, and Amazon. If any of these major online shops start accepting BTC, then the userbase will increase by many times.

RoommateAgreement

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Bazinga!

people love to blame others for their mistakes or what they lack.
it is not the government, it is not the banks, it is not .... it is users themselvs. when you see people are not willing to spend bitcoin (use it as a currency) and see bitcoin as only an investment which they will hold for 100 years you can't really expect merchants to accept it and eventually reach mainstream adoption.

gracia0023

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The government is the main obstacle that hinders bitcoin. The crimes are not caused by bitcoin, it is caused by people and they use bitcoin to make that crime, even fiat is not to be blamed so why blame it on bitcoin. Inflation is not a new thing. It has always been there since fiat exist and since bitcoin is like fiat in a way, then inflation will be there also. As for the security, bitcoin's security is strong enough to withstand attacks, wallets and exchanges are the one who are prone to attacks.

Going back to the government (in some countries), they impede bitcoin's progress and growth because of its anonymity and decentralization. We cannot blame bitcoin for being like that because bitcoin is bitcoin and that's that, the government just have to compromise and deal with bitcoin just the way it is.

lasthero

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I feel its more education than anything, honestly for someone like myself I heard of bitcoin way back in like 2010 or so, sounded interesting wanted to spend 20$ on buying some but opted not to (bad decision could have made some money). The reason why I didn't? It was confusing as hell to understand how to even get started. Fast forward now to 2017, I'm only starting to get in on this, and why? Because there are slightly more resources now to understand what in the world bitcoin actually is and how to actually get started.

Maybe if one day from an early age if people's kids are taught how to use bitcoin and what it is, then it will become more mainstream.

Doofus

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Security? Crime? Inflation?
Bitcoin is money and thus serves the same functions that any money does: a medium of exchange, a unit of account, and a store of value.But can it prominently satisfy all these functions?

Topic: what hinders bitcoin to become a mainstream currency? - page 5. (Read 46188 times)