what's crypto(btc) need to do to achieve mass adoptions?

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Quote from: ArticMine on September 04, 2015, 11:32:39 PM

Fill a market need that is not being met well by existing central ledger based payment systems.

+10

This plus some education will prompt adoption. A general fiat replacement is unlikely, but a digital currency that serves a specific purpose will garner adoption.

pooya87

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while decentralization is very good but i don't think it has any major effect on mass adoption of bitcoin. but the market itself would have the effect.
i mean if another big market like silk road starts working, and i don't mean in the illegal way but something like amazon or ebay but working only with bitcoin, then we can expect bitcoin to grow and reach the mass adoption.

JensS

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Quote from: owm123 on September 05, 2015, 06:42:14 PM

btc will never replace fiat for every day use. simply because its not practical. 10 min confirmation time is ridiculously slow for normal use. imaging paying for groceries in a local store and each customer waiting 10 minits (in average, maybe more or less) to get a confirmation of its payment, or getting change. Its just stupid.

Also there is problem of public transactions. normal ppl dont want to manage hundreds of btc addresses (new address for each transaction), so that that a shop cannot easily check how much btc they have when they pay using btc. And if you dont generate new address for each transactions, your balance is public? why? if you say someone on a street to make their bank accounts public, they will laugh at you.

Yeah that's exactly right.

It's simply impossible for it to become a globally used currency in the real world because of the exact reasons you mention. (along with numerous others)

Mass adoption? You are joking right? Roll Eyes

The technology behind it can change the financial world though by making it transparent, that shoud be the main focus Wink

owm123

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btc will never replace fiat for every day use. simply because its not practical. 10 min confirmation time is ridiculously slow for normal use. imaging paying for groceries in a local store and each customer waiting 10 minits (in average, maybe more or less) to get a confirmation of its payment, or getting change. Its just stupid.

Also there is problem of public transactions. normal ppl dont want to manage hundreds of btc addresses (new address for each transaction), so that that a shop cannot easily check how much btc they have when they pay using btc. And if you dont generate new address for each transactions, your balance is public? why? if you say someone on a street to make their bank accounts public, they will laugh at you.

JensS

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Quote from: benthach on September 04, 2015, 06:41:23 PM

one word, decentralized/centralized market! decentralized being way better.
if bitcoin could have decentralized market like open baazar idea then mass adoption should easily come. this will going to prove envied skeptic like warren buffet and bill gates all wrong.
ebay and amazon seller branch will be obsolete. drug dealer, underground market and black market will obsolete if bitcoin with decentralized market could be anonymous.

do crypto need a better coin or another scam coin to replace bitcoin?
the answer is no
all other promised, tech, add-on.. are not worth to replace bitcoin with her adoption and king status

satoshi nakamoto/group already way ahead of time about this crypto

edit

It's hard for mass adoption to come because regular people can't easily earn Bitcoins. A market isn't going to solve that problem, because average people would first need to buy Bitcoin in order to spend it, which is too much hassle for the masses.

And that's when average people actually learn about Bitcoin, 9/10 people you talk to in the street won't even know what it is in the first place. Wink

Before discussing about mass adoption, you better realise the infantile state it really still is in. There are tons of people who own more money than the total market cap of Bitcoin and tons of companies earning more money in a day than the total daily trading volume Grin

arnoldpalmer

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Quote from: benthach on September 05, 2015, 04:33:40 AM

Quote from: arnoldpalmer on September 05, 2015, 03:45:31 AM

Quote from: benthach on September 04, 2015, 11:48:30 PM

Quote from: mookid on September 04, 2015, 11:31:07 PM

Quote from: BitcoiNaked on September 04, 2015, 08:00:22 PM

mainstream doesnt care about decentralization, they care more about the usecase.

This is a huge factor, bitcoin and other cryptocurrencies basically needs more public PR. As Andreas M. Antonopoulos said, if bitcoin becomes mainstream, people aren't even going to know they are using it, because payment processors are going to use things like side chains and lighting networks and bitcoin as a back-end.

the only one thing that come into my mind there is no need to use bitcoin
one thing that would make bitcoin useful and achieve mass adoption is in wallet decentralized/centralized market

Since you shared this post with me, I should mention that bithalo blackhalo and bitbay all have a decentralized market. Ive used the bithalo one before and worked pretty damn well! Its a shame more people don't use it. It actually has a really clever two party escrow system. So the escrow is decentralized too, which is probably better than arbiters on OB who probably have no way of knowing who is telling the truth.

this look and sound pretty good
i don't think decentralized market is active/working yet

What are you talking about? Their decentralized market has been working for a while now. The problem is nobody uses it.

tyz

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Probably, the crackdown of the current fiat money system would be a big step for mass adoption.

benthach

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Quote from: arnoldpalmer on September 05, 2015, 03:45:31 AM

Quote from: benthach on September 04, 2015, 11:48:30 PM

Quote from: mookid on September 04, 2015, 11:31:07 PM

Quote from: BitcoiNaked on September 04, 2015, 08:00:22 PM

mainstream doesnt care about decentralization, they care more about the usecase.

This is a huge factor, bitcoin and other cryptocurrencies basically needs more public PR. As Andreas M. Antonopoulos said, if bitcoin becomes mainstream, people aren't even going to know they are using it, because payment processors are going to use things like side chains and lighting networks and bitcoin as a back-end.

the only one thing that come into my mind there is no need to use bitcoin
one thing that would make bitcoin useful and achieve mass adoption is in wallet decentralized/centralized market

Since you shared this post with me, I should mention that bithalo blackhalo and bitbay all have a decentralized market. Ive used the bithalo one before and worked pretty damn well! Its a shame more people don't use it. It actually has a really clever two party escrow system. So the escrow is decentralized too, which is probably better than arbiters on OB who probably have no way of knowing who is telling the truth.

this look and sound pretty good
i don't think decentralized market is active/working yet

arnoldpalmer

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Quote from: benthach on September 04, 2015, 11:48:30 PM

Quote from: mookid on September 04, 2015, 11:31:07 PM

Quote from: BitcoiNaked on September 04, 2015, 08:00:22 PM

mainstream doesnt care about decentralization, they care more about the usecase.

This is a huge factor, bitcoin and other cryptocurrencies basically needs more public PR. As Andreas M. Antonopoulos said, if bitcoin becomes mainstream, people aren't even going to know they are using it, because payment processors are going to use things like side chains and lighting networks and bitcoin as a back-end.

the only one thing that come into my mind there is no need to use bitcoin
one thing that would make bitcoin useful and achieve mass adoption is in wallet decentralized/centralized market

Since you shared this post with me, I should mention that bithalo blackhalo and bitbay all have a decentralized market. Ive used the bithalo one before and worked pretty damn well! Its a shame more people don't use it. It actually has a really clever two party escrow system. So the escrow is decentralized too, which is probably better than arbiters on OB who probably have no way of knowing who is telling the truth.

benthach

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Quote from: mookid on September 04, 2015, 11:31:07 PM

Quote from: BitcoiNaked on September 04, 2015, 08:00:22 PM

mainstream doesnt care about decentralization, they care more about the usecase.

This is a huge factor, bitcoin and other cryptocurrencies basically needs more public PR. As Andreas M. Antonopoulos said, if bitcoin becomes mainstream, people aren't even going to know they are using it, because payment processors are going to use things like side chains and lighting networks and bitcoin as a back-end.

the only one thing that come into my mind there is no need to use bitcoin
one thing that would make bitcoin useful and achieve mass adoption is in wallet decentralized/centralized market

ArticMine

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Monero Core Team

Fill a market need that is not being met well by existing central ledger based payment systems.

1) The payer, the receiver or both are poor
2) The payment is not in person and even better the payment should cross an international boundary.

mookid

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Quote from: BitcoiNaked on September 04, 2015, 08:00:22 PM

mainstream doesnt care about decentralization, they care more about the usecase.

This is a huge factor, bitcoin and other cryptocurrencies basically needs more public PR. As Andreas M. Antonopoulos said, if bitcoin becomes mainstream, people aren't even going to know they are using it, because payment processors are going to use things like side chains and lighting networks and bitcoin as a back-end.

Liquid71

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There is NO Freedom without Privacy

an orphanage that accepts BTC will achieve mass adoptions Cheesy

benthach

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Quote from: BitcoiNaked on September 04, 2015, 08:00:22 PM

mainstream doesnt care about decentralization, they care more about the usecase.

in wallet market, work best is decentralized market.

benthach

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Quote from: kelsey on September 04, 2015, 07:59:12 PM

pft

the thing needed to achieve mass adoption, is simplification, bitcoin itself is too complicated for more then just a few nerds to adopt.

if you think bitcoin is too complicated then other scam coins wouldn't have a chance, because all other coins would need bitcoin to exchange for it.

BitcoiNaked

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mainstream doesnt care about decentralization, they care more about the usecase.

kelsey

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pft

the thing needed to achieve mass adoption, is simplification, bitcoin itself is too complicated for more then just a few nerds to adopt.

benthach

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one word, decentralized/centralized market! decentralized being way better.
if bitcoin could have decentralized market like open baazar idea then mass adoption should easily come. this will going to prove envied skeptic like warren buffet and bill gates all wrong.
ebay and amazon seller branch will be obsolete. drug dealer, underground market and black market will obsolete if bitcoin with decentralized market could be anonymous.

do crypto need a better coin or another scam coin to replace bitcoin?
the answer is no
all other promised, tech, add-on.. are not worth to replace bitcoin with her adoption and king status

satoshi nakamoto/group already way ahead of time about this crypto

edit

Topic: what's crypto(btc) need to do to achieve mass adoptions? (Read 1188 times)