Topic: What's stopping people from using bitcoin? - page 115. (Read 202161 times)
This week, confirmation times.
I think the biggest problem is that people do not understand bitcoin yet.
Most will probably never be able to understand bitcoin. Most do also not understand how USD or Euro is created. But the user interface of cash is simple. There is not much more needed than the ability to count. I think with the correct interface design even people who do not understand bitcoin would be able to use it. The HD wallet with the set of random words for backup is a good way into that direction. But there is then still the problem to tell them why they should use it.It all comes down to marketing, and the pros and the cons.
I think the biggest problem is that people do not understand bitcoin yet.
Most will probably never be able to understand bitcoin. Most do also not understand how USD or Euro is created. But the user interface of cash is simple. There is not much more needed than the ability to count. I think with the correct interface design even people who do not understand bitcoin would be able to use it. The HD wallet with the set of random words for backup is a good way into that direction. But there is then still the problem to tell them why they should use it. 
The average joe won't make any effort to browse through all these social media platforms to know more about Bitcoin. The media has done everything to put Bitcoin in a bad daylight. It will be very difficult to make them think different and give Bitcoin a fair chance.
We're still a long way away from most Average Joes. The people arriving now are likely to be very interweb savvy and they'll be hungry for information. If said information outlets appear to be a storm of screaming, bitching and factions then they'll think 'fuck this' and click off. Average Joe is supposed to arrive after these folks but he won't if the earlier waves are massively turned off.
so many reason, for example: they got bored , they think they dont need bitcoin anymore, they think that bitcoin dont have bright future (i believe bitcoin have bright future)
Yeah the future of bitcoin is bright for sure, the only reason people are not using bitcoin is that it is not that popular at a moment and they are getting carried away by the negative news related to bitcoins.
I think the biggest problem is that people do not understand bitcoin yet.
I had a close look at bitcoin the last two weeks. The technology is interesting, but for the normal user:
1) There is no need. Cash, credit card, bank transfer and perhaps even Paypal works fine. I know only one guy who is only using bitcoin because his contractor is only accepting bitcoin. I really don't know why this contractor doesn't accept bank transfer as it would be cheaper.
2) The value of the bitcoin is not directly connected to the local money. This makes handling the bitcoin risky.
3) It is much more complicated than the methods under item 1.
a) To pay with bitcoin means doing two payments. One from item 1 to buy bitcoins plus the bitcoin payment itself. For buying bitcoins I have to look for a dealing website, then I have to register there, probably with ID verification, mobile phone verification, transaction limits and perhaps even shity things like SOFORTbanking which is a violation of the no.1 online-banking law (do not tell anbody your PIN).
b) To pay with bitcoins means perhaps installing some software and learning how to use it.
c) For paying it would be good to understand the software so that no money is irrecoverably lost. That is why there are so many websites advicing how to handle bitcoins so that they are not lost.
d) For paying it is necessary to understand bitcoin at some level so when you e.g. enter the miner's fee you know what its effect is. "Fee? No, I don't want to pay a fee!" and then he is wondering why it takes so long.
4) It is less secure because money can be lost due to errors and there is no risk management. E.g. a bitcoin key can't be blocked like a credit card in case of theft.
5) Transaction processing is at the moment very slow.
6) It is more expensive than some current payment methods. If I make a SEPA bank transfer inside the EU there is actually no fee at all.
So until now I bought a bitcoin, I moved it around in my accounts, I made my own paper wallet design modification. But I really had no chance to buy something with it. I have located a fast food restaurant in about 30-45 minutes driving distance which accepts. I plan to go there the next weeks and try to pay there with bitcoins even so the hidden transaction fee will be nearly as much as the cost of the food.
1) There is no need. Cash, credit card, bank transfer and perhaps even Paypal works fine. I know only one guy who is only using bitcoin because his contractor is only accepting bitcoin. I really don't know why this contractor doesn't accept bank transfer as it would be cheaper.
2) The value of the bitcoin is not directly connected to the local money. This makes handling the bitcoin risky.
3) It is much more complicated than the methods under item 1.
a) To pay with bitcoin means doing two payments. One from item 1 to buy bitcoins plus the bitcoin payment itself. For buying bitcoins I have to look for a dealing website, then I have to register there, probably with ID verification, mobile phone verification, transaction limits and perhaps even shity things like SOFORTbanking which is a violation of the no.1 online-banking law (do not tell anbody your PIN).
b) To pay with bitcoins means perhaps installing some software and learning how to use it.
c) For paying it would be good to understand the software so that no money is irrecoverably lost. That is why there are so many websites advicing how to handle bitcoins so that they are not lost.
d) For paying it is necessary to understand bitcoin at some level so when you e.g. enter the miner's fee you know what its effect is. "Fee? No, I don't want to pay a fee!" and then he is wondering why it takes so long.
4) It is less secure because money can be lost due to errors and there is no risk management. E.g. a bitcoin key can't be blocked like a credit card in case of theft.
5) Transaction processing is at the moment very slow.
6) It is more expensive than some current payment methods. If I make a SEPA bank transfer inside the EU there is actually no fee at all.
So until now I bought a bitcoin, I moved it around in my accounts, I made my own paper wallet design modification. But I really had no chance to buy something with it. I have located a fast food restaurant in about 30-45 minutes driving distance which accepts. I plan to go there the next weeks and try to pay there with bitcoins even so the hidden transaction fee will be nearly as much as the cost of the food.
You're right of course. This is a very rational post for a newbie.
Bitcoin was supposed to be this great salvation from requiring a trusted third party (bank) to make transactions. Unfortunately, it's almost impossible to remove trusted third parties from the equation. In order to do it product would need to be sold directly to consumers using Bitcoin, the manufacturer would need to be capable of buying his supplies with Bitcoin, and you would need to get paid for your labor directly in Bitcoin. Those things are simply not possible yet and most likely will not be possible on a large scale for at least 20-40 years.
Right now I think the answer would consist of - five minutes of perusing r/bitcoin, r/btc and a selection of medium articles. That would be enough to send most people screaming.
The average joe won't make any effort to browse through all these social media platforms to know more about Bitcoin. The media has done everything to put Bitcoin in a bad daylight. It will be very difficult to make them think different and give Bitcoin a fair chance.
Yeah most people here were in a way already interested in bitcoin or new innovative things.
Fact is that while there is not enough marketing. The media are also playing a big bad role. Indulging everything bitcoin related as negative.
Yeah, the role of media was crucial as they never supported bitcoins, and kept on spreading negative news related to it, and that made people think twice before investing into bitcoins.
Right now I think the answer would consist of - five minutes of perusing r/bitcoin, r/btc and a selection of medium articles. That would be enough to send most people screaming.
The average joe won't make any effort to browse through all these social media platforms to know more about Bitcoin. The media has done everything to put Bitcoin in a bad daylight. It will be very difficult to make them think different and give Bitcoin a fair chance.
Yeah most people here were in a way already interested in bitcoin or new innovative things.
Fact is that while there is not enough marketing. The media are also playing a big bad role. Indulging everything bitcoin related as negative.
Right now I think the answer would consist of - five minutes of perusing r/bitcoin, r/btc and a selection of medium articles. That would be enough to send most people screaming.
The average joe won't make any effort to browse through all these social media platforms to know more about Bitcoin. The media has done everything to put Bitcoin in a bad daylight. It will be very difficult to make them think different and give Bitcoin a fair chance.
I think the main problem these days is the blocksize. It makes bitmain slow and oldskool.
Let's hope the bitcoin core team is working on a solution right now. It's been weeks now and nothing really happened. Which makes me a little bit worried.
Let's hope the bitcoin core team is working on a solution right now. It's been weeks now and nothing really happened. Which makes me a little bit worried.
Right now I think the answer would consist of - five minutes of perusing r/bitcoin, r/btc and a selection of medium articles. That would be enough to send most people screaming.
I had a close look at bitcoin the last two weeks. The technology is interesting, but for the normal user:
1) There is no need. Cash, credit card, bank transfer and perhaps even Paypal works fine. I know only one guy who is only using bitcoin because his contractor is only accepting bitcoin. I really don't know why this contractor doesn't accept bank transfer as it would be cheaper.
2) The value of the bitcoin is not directly connected to the local money. This makes handling the bitcoin risky.
3) It is much more complicated than the methods under item 1.
a) To pay with bitcoin means doing two payments. One from item 1 to buy bitcoins plus the bitcoin payment itself. For buying bitcoins I have to look for a dealing website, then I have to register there, probably with ID verification, mobile phone verification, transaction limits and perhaps even shity things like SOFORTbanking which is a violation of the no.1 online-banking law (do not tell anbody your PIN).
b) To pay with bitcoins means perhaps installing some software and learning how to use it.
c) For paying it would be good to understand the software so that no money is irrecoverably lost. That is why there are so many websites advicing how to handle bitcoins so that they are not lost.
d) For paying it is necessary to understand bitcoin at some level so when you e.g. enter the miner's fee you know what its effect is. "Fee? No, I don't want to pay a fee!" and then he is wondering why it takes so long.
4) It is less secure because money can be lost due to errors and there is no risk management. E.g. a bitcoin key can't be blocked like a credit card in case of theft.
5) Transaction processing is at the moment very slow.
6) It is more expensive than some current payment methods. If I make a SEPA bank transfer inside the EU there is actually no fee at all.
So until now I bought a bitcoin, I moved it around in my accounts, I made my own paper wallet design modification. But I really had no chance to buy something with it. I have located a fast food restaurant in about 30-45 minutes driving distance which accepts. I plan to go there the next weeks and try to pay there with bitcoins even so the hidden transaction fee will be nearly as much as the cost of the food.
I agree with most of what you said, however, perhaps you've set your fee too high? You set the fee yourself, it just takes more time to confirm the transaction before you can spend the actual Bitcoin. 1) There is no need. Cash, credit card, bank transfer and perhaps even Paypal works fine. I know only one guy who is only using bitcoin because his contractor is only accepting bitcoin. I really don't know why this contractor doesn't accept bank transfer as it would be cheaper.
2) The value of the bitcoin is not directly connected to the local money. This makes handling the bitcoin risky.
3) It is much more complicated than the methods under item 1.
a) To pay with bitcoin means doing two payments. One from item 1 to buy bitcoins plus the bitcoin payment itself. For buying bitcoins I have to look for a dealing website, then I have to register there, probably with ID verification, mobile phone verification, transaction limits and perhaps even shity things like SOFORTbanking which is a violation of the no.1 online-banking law (do not tell anbody your PIN).
b) To pay with bitcoins means perhaps installing some software and learning how to use it.
c) For paying it would be good to understand the software so that no money is irrecoverably lost. That is why there are so many websites advicing how to handle bitcoins so that they are not lost.
d) For paying it is necessary to understand bitcoin at some level so when you e.g. enter the miner's fee you know what its effect is. "Fee? No, I don't want to pay a fee!" and then he is wondering why it takes so long.
4) It is less secure because money can be lost due to errors and there is no risk management. E.g. a bitcoin key can't be blocked like a credit card in case of theft.
5) Transaction processing is at the moment very slow.
6) It is more expensive than some current payment methods. If I make a SEPA bank transfer inside the EU there is actually no fee at all.
So until now I bought a bitcoin, I moved it around in my accounts, I made my own paper wallet design modification. But I really had no chance to buy something with it. I have located a fast food restaurant in about 30-45 minutes driving distance which accepts. I plan to go there the next weeks and try to pay there with bitcoins even so the hidden transaction fee will be nearly as much as the cost of the food.
I had a close look at bitcoin the last two weeks. The technology is interesting, but for the normal user:
1) There is no need. Cash, credit card, bank transfer and perhaps even Paypal works fine. I know only one guy who is only using bitcoin because his contractor is only accepting bitcoin. I really don't know why this contractor doesn't accept bank transfer as it would be cheaper.
2) The value of the bitcoin is not directly connected to the local money. This makes handling the bitcoin risky.
3) It is much more complicated than the methods under item 1.
a) To pay with bitcoin means doing two payments. One from item 1 to buy bitcoins plus the bitcoin payment itself. For buying bitcoins I have to look for a dealing website, then I have to register there, probably with ID verification, mobile phone verification, transaction limits and perhaps even shity things like SOFORTbanking which is a violation of the no.1 online-banking law (do not tell anbody your PIN).
b) To pay with bitcoins means perhaps installing some software and learning how to use it.
c) For paying it would be good to understand the software so that no money is irrecoverably lost. That is why there are so many websites advicing how to handle bitcoins so that they are not lost.
d) For paying it is necessary to understand bitcoin at some level so when you e.g. enter the miner's fee you know what its effect is. "Fee? No, I don't want to pay a fee!" and then he is wondering why it takes so long.
4) It is less secure because money can be lost due to errors and there is no risk management. E.g. a bitcoin key can't be blocked like a credit card in case of theft.
5) Transaction processing is at the moment very slow.
6) It is more expensive than some current payment methods. If I make a SEPA bank transfer inside the EU there is actually no fee at all.
So until now I bought a bitcoin, I moved it around in my accounts, I made my own paper wallet design modification. But I really had no chance to buy something with it. I have located a fast food restaurant in about 30-45 minutes driving distance which accepts. I plan to go there the next weeks and try to pay there with bitcoins even so the hidden transaction fee will be nearly as much as the cost of the food.
1) There is no need. Cash, credit card, bank transfer and perhaps even Paypal works fine. I know only one guy who is only using bitcoin because his contractor is only accepting bitcoin. I really don't know why this contractor doesn't accept bank transfer as it would be cheaper.
2) The value of the bitcoin is not directly connected to the local money. This makes handling the bitcoin risky.
3) It is much more complicated than the methods under item 1.
a) To pay with bitcoin means doing two payments. One from item 1 to buy bitcoins plus the bitcoin payment itself. For buying bitcoins I have to look for a dealing website, then I have to register there, probably with ID verification, mobile phone verification, transaction limits and perhaps even shity things like SOFORTbanking which is a violation of the no.1 online-banking law (do not tell anbody your PIN).
b) To pay with bitcoins means perhaps installing some software and learning how to use it.
c) For paying it would be good to understand the software so that no money is irrecoverably lost. That is why there are so many websites advicing how to handle bitcoins so that they are not lost.
d) For paying it is necessary to understand bitcoin at some level so when you e.g. enter the miner's fee you know what its effect is. "Fee? No, I don't want to pay a fee!" and then he is wondering why it takes so long.
4) It is less secure because money can be lost due to errors and there is no risk management. E.g. a bitcoin key can't be blocked like a credit card in case of theft.
5) Transaction processing is at the moment very slow.
6) It is more expensive than some current payment methods. If I make a SEPA bank transfer inside the EU there is actually no fee at all.
So until now I bought a bitcoin, I moved it around in my accounts, I made my own paper wallet design modification. But I really had no chance to buy something with it. I have located a fast food restaurant in about 30-45 minutes driving distance which accepts. I plan to go there the next weeks and try to pay there with bitcoins even so the hidden transaction fee will be nearly as much as the cost of the food.
People have no need to use it at the end of the day. It's mostly used by speculators and by people who like what it can do politically, but for the average joe they don't really care. They're fine with Paypal and sadly that's why I think it will always be a niche thing unless it can get adopted by the remittance market or industries where traditional payment processors wont work with them (like porn or camsites or whatever).
Well people are not using the bitcoin because of the bad name it has these days.
The is always saying bad things about the bitcoin and people do not trust it anymore because of that.
The is always saying bad things about the bitcoin and people do not trust it anymore because of that.
I do not think bitcoin has bad name. Most of the bad sites have been destroy the law enforcement agencies.
Well people are not using the bitcoin because of the bad name it has these days.
The is always saying bad things about the bitcoin and people do not trust it anymore because of that.
The is always saying bad things about the bitcoin and people do not trust it anymore because of that.
I think the price of bitcoin is the main problem that stopping peopple from using bitcoins. Because if the bitcoin price is really low, i think people will stop using bitcoin.
yes, you're right, even rising prices are very high bitcoin just be mere wishful thinking is not known when it will happen. it hopes that usually makes people become frustrated and stop using bitcoin
I think there are a few reasons why people are still not using bitcoins: Not enough awareness is one of them. Even though there are alot of people out there that are usining the cryptocurrency , there are still millions that have not even heard of the crypto currency yet , so i think as times goes by there will be more and more awareness. Also, People are scared of the unknown. If they cant feel it or if know one controls it alot of people re scared of this concept and do not want to be part of a "risky venture". But the main reason is that it hasnt really settled yet. This I think is very important if the bitcoin can keep a steady price for a long time I think more people will begin to trust and use it regularly.
I think the price of bitcoin is the main problem that stopping peopple from using bitcoins. Because if the bitcoin price is really low, i think people will stop using bitcoin.
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