Topic: What is missing in the Bitcoin EcoSystem? (Read 1951 times)
Bitcoin is not receiving the attention it deserves, people are still not aware of what bitcoin is and i think that is due to the reason that there is few sites out there that teach you about bitcoin and even if there is they make it so complicated and hard so they get bored and ditch the idea, i am saying this from a personal experience , i have had a realy hard time learning about bitcoin if it was not for this forum
I am concerned to be honest. I see people trying to improve the code, i see a lot of mining, storing and trading. Those are all fine, but i do also see a lot of scams and criminal activity involved in Bitcoin, what is to be expected and tolerable to some degree, but i do not see many positive things. I miss essential things like the possibility to use Bitcoin in my everyday life. I miss applications using and relying on Bitcoin. I see the price going up, but i do not want Bitcoin to be just an investment. I hope this changes or some altcoin will come and make it better and take over.
As most users quoted I too believe that the proper way of teaching or sources to learn about the backing technology is missing from the bitcoin ecosystem. Other than this people misunderstanding about the decentralisation is also found which needs to change.
WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
Don't those Darknet marketplaces rely on Bitcoin or some other form of crypto-currency? I'd think if Bitcoin and all other altcoins disappeared, it would have an impact on the online drug trade. Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
I'm not saying if this would be good or bad, just that in that area, it would have an impact.
Also, quite a few BTC-only gambling sites rely on Bitcoin, but this would ofc continue to exist without Bitcoin, albeit, without some of the handy functionality offered only in BTC casinos (Anonymity, instant accounts, etc.)
Can't think of some more positive examples though :p
WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
There are several reasons why bitcoin has not blow up yet :Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
- Lack of information, not many people know about bitcoin, it's different in first, second, and third world countries.
- then, lack of users/adopters
- and lack of merchants accepted bitcoin
- caused, lack of market cap and liquidity.
After all, the price of bitcoin affected by supply and demand
If the price of bitcoin keep rising, how people in sec and third world countries could participate, I mean, they will thinking twice before buy it.
Probably for me was the mass adoption, I mean what i really mean is that the government should start to recognized bitcoin as the global currency than anything else. I would love to also say to them that if you uses bitcoin you don't have to worry anymore about your currency that is far from USD if your people do invest on bitcoin then probably that huge currency rate differences can be lessen
I think Bitcoin will take off faster, if someone distributes Bitcoin vending machines with low fees in common market places or shopping malls.
The Bitcoin ATM's are too expensive and the fees are too high. The other problem is merchant adoption and people not supporting these
merchants after they adopted Bitcoin.
The Bitcoin ATM's are too expensive and the fees are too high. The other problem is merchant adoption and people not supporting these
merchants after they adopted Bitcoin.
Bitcoin is still very complex to use and understand which i think puts people off, it is also very expensive now and people hate to use decimal places to represent their money, i think we need to move to bits as quickly as possible, i have had a few friends who think they have missed the boat because they cant afford 1btc and they wont consider buying 0.5btc..... 
Bitcoin education is totally missing from the bitcoin ecosystem .people should be more educated so that it becomes more popular and the price of bitcoins goes high
I think we need to educate more people about bitcoin; many only recognize it because of its past with Silkroad. This type of approach must change if the bitcoin community wants to grow.
WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
There is crusial part that is missing from the bitcoin ecosystem and this is the
mass advertising of bitcoin to people who doesn`t know anything about it,or don`t trust it.
Yes,btc is a specualtion tool and it`s a really good one.
A massive popularity and usage worldwide. Using bitcoin directly is really hard these days that you have to rely in a third party site and of course its so much more difficult to use it personally or in the real world
Most bitcoin users don't have a depth understanding of it and they only know the basics like sending and receiving
Bitcoin is anonymous but buying it without giving your personal info is difficult
Most bitcoin users don't have a depth understanding of it and they only know the basics like sending and receiving
Bitcoin is anonymous but buying it without giving your personal info is difficult
I personally think that the only thing missing within the Bitcoin economy is actually getting it to people with simple applications that can use emails or other relatively simple IDs to send transactions. Right now not many people want to go through a whole alpha-numeric string to get their friend's wallet or whatever, and simplifying that process (and having more companies accept it) would be huge.
This is something that can actually make things easier for many people, and I think at the moment there are companies working on it.In addition, there are other applications that can contribute to the ecosystem, such as those scheduled for next year, among them lightning network and megaupload 2.0. I hope segwit is activated to allow these improvements to the Bitcoin network.
I personally think that the only thing missing within the Bitcoin economy is actually getting it to people with simple applications that can use emails or other relatively simple IDs to send transactions. Right now not many people want to go through a whole alpha-numeric string to get their friend's wallet or whatever, and simplifying that process (and having more companies accept it) would be huge.
I think this idea had already been done by some online processor, e.g coins.ph. You can send bitcoin thru your friends email just make sure the guy is also a member of coins.ph. So that process falls under your vision if im not mistaken.
I have to agree that the bitcoin ecosystem is missing primary companies that can offer jobs to many people and pay them with bitcoins. There are lots of start-up companies that are born everyday, but they are more as self centered company that wants to exploit people of Bitcoin Idea.
what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
1. Actually big banks and government are holding bitcoin back while trying to adopt blockchain technology with which bitcoin works.And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
2. Bitcoin being completely decentralized and not controlled by any companies or group of people, on what way bitcoin will advance depends much on community decision and also there are really good team of developers who are pushing regular updates for making bitcoin better.
3. Currently, most of the people concern is about the block size it seems block size should be increased to lower transaction fee and time for confirmation on transactions.
Bitcoin ATMs.
Getting BTC should be as easy as going to the bank or ATM. Unfortunately here in the U.S. the big banks have made it almost impossible to become a legal "money transmitter". This is being worked on, but can't come fast enough for me. If bitcoin could be bought at an ATM then I think POS adoption would explode.
Getting BTC should be as easy as going to the bank or ATM. Unfortunately here in the U.S. the big banks have made it almost impossible to become a legal "money transmitter". This is being worked on, but can't come fast enough for me.
If bitcoin could be bought at an ATM then I think POS adoption would explode. probably the idea of bitcoin ATM is good for those who are new into bitcoin because they can see the "hardware" instead of just "software". and it will make bitcoin be more famous. imo
the other missing thing, in my view, is bitcoin in real coin we can touch. at least there are 10 real coins. just to show to public that it is money.
WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
There are no communities or groups that depend on Bitcoin beyond the bitcoin community and the businesses directly involved with it. Considering the current climate, we're the only ones who would really care.Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
The biggest things holding Bitcoin back is its complexity compared to standard banking and it's lack of use around the world. If it was simpler for the common man and more wide-spread as an acceptable currency, then everything would be fine.
WHat is missing in the Bitcoin EcoSystem?
Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
There are some problems why bitcoin not having greater impact yet.Why hasn't it blown up yet?
It is still just a Speculation tool, albeit I think a good one.
SO far there is basically nothing that RELIES on Blockchain technology, if the technology disappeared tomorrow - the world would hardly change.
Where are the communities/groups with their activities that depend on Bitocin?
I'm sure most of the people on this Website are hopeful and can see some potential in Bitcoin, what are your thoughts on what is holding this technology back from having a greater impact on society?
And what are your thoughts on what steps can be taken to navigate this?
Is there a crucial part missing from the Bitcoin EcoSystem that needs to be made/created for the technology to have impact?
Your thoughts are much appretiated.....
Lack of information about bitcoin, really. How much people in the world know about bitcoin and blockchain technology? I just find out because my friend told me and some of people here knows it by accidentally (word of bitcoin on internet)
Bitcoin seems so complicated in the beginning and new adopters may think it's a scam/not real (lack of information again)
How to get it in the first place, only they who have big amount of money willing to buy (for newbies)
For us, who had known and earn bitcoin, the most problems is how to spend, not many merchants accepted bitcoin payment yet even in some places, there is no any merchant.
I personally think that the only thing missing within the Bitcoin economy is actually getting it to people with simple applications that can use emails or other relatively simple IDs to send transactions. Right now not many people want to go through a whole alpha-numeric string to get their friend's wallet or whatever, and simplifying that process (and having more companies accept it) would be huge.
yep NFC seems to be the readily available tech of most retailers E-PoS systems.
a hardware wallet that sends a public key it owns. the retailer hands it the uptodate 'unspents' of those addresses along with a output address the retailer wants to receive to. then the hardware wallet automatically forms a tx, signs it internally and only sends out the signed tx to the retailer.
its a split second thing which allows hardware wallets to stay offline while making uptodate payments.
also users dont need to use, see or care about lengthy public keys as its all done unseen on a retailers e-point of sale and the hardware wallet via their NFC's. where the only thing thats 'swapped' is public data anyway
I personally think that the only thing missing within the Bitcoin economy is actually getting it to people with simple applications that can use emails or other relatively simple IDs to send transactions. Right now not many people want to go through a whole alpha-numeric string to get their friend's wallet or whatever, and simplifying that process (and having more companies accept it) would be huge.
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