What's stopping people from using bitcoin? - page 116.

teilwalL05

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Quote from: btcltccoins on February 18, 2016, 10:16:56 AM

To convenience people is the most difficult thing . Lot of them don't have trust as it is
not being properly controlled by any Govt or institution. Also too many humors shake the confidence of people
of doing long term investment in them.

It doesn't make sense, it is not properly controlled by government because it isn't part of the government in the first place, yes investing in bitcoin can be utterly painful at first but when you make a profit out of it that is when you will notice it's convenient tobe people.

Iceborn

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Quote from: russian_pete on February 18, 2016, 07:54:15 AM

Imagine you need to pay someone say $2000 that painted your house or performed another service.

And you wanted to pay them in BTC

And they heard of BTC and have no problem with the concept but never used it before

When you realize what you have to do - the explaining, the convincing, the handhold, how much time it takes you get them onboard and how much time it takes them to go through the process and have it converted to fiat in there hands... Lips sealed

Yes but people are now stopping with Bitcoin because the value is quite low.
But I think people must have patience, you never know what can happen in the future.

btcltccoins

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To convenience people is the most difficult thing . Lot of them don't have trust as it is
not being properly controlled by any Govt or institution. Also too many humors shake the confidence of people
of doing long term investment in them.

youdamushi

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Quote from: russian_pete on February 18, 2016, 07:54:15 AM

Imagine you need to pay someone say $2000 that painted your house or performed another service.

And you wanted to pay them in BTC

And they heard of BTC and have no problem with the concept but never used it before

When you realize what you have to do - the explaining, the convincing, the handhold, how much time it takes you get them onboard and how much time it takes them to go through the process and have it converted to fiat in there hands... Lips sealed

And the fact that even if you convince him and pay with btc... Well it has no legal value. He could totally sue you for that!

Mickeyb

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Quote from: Newmba on February 18, 2016, 08:57:05 AM

it's too volatile, there is no real market, only for nerds and libertarians. Just a niche

Yup pretty fucking rich nerds too, to trade with such a large amount of money everyday. So rich that even with many market manipulation attempts, it still stands.

Think of that when you run your shitty cointocard service

randy8777

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Quote from: Newmba on February 18, 2016, 08:57:05 AM

it's too volatile, there is no real market, only for nerds and libertarians. Just a niche

no real market? all people world wide can trade in bitcoins. you don't have to be a nerd for that. bitcoin attracts a lot traders because of the volatility. it's not always a bad thing. i agree that a major part of the bitcoin holders are tech enthusiasts, but what'a wrong with that?

teilwalL05

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Quote from: Wobberdk on February 18, 2016, 08:45:00 AM

Don't forget that for common people handling decimals, authorization keys, wallets, addresses as long as line of code and many other "easy to use" features are completely out of their league. We may be comfortable with them because we are a bunch of nerds but Bitcoin has a long way before it's being considered as a hassle free method compared to Paypal, CCs, etc. I would say that is the biggest problem. For the majority who are new this whole tech thing. Bitcoin usage is beyond them. Using it is tricky enough, understanding it is another level. Without understanding, there is little trust.

Well I think that you are right, cause the technicality of using bitcoin is very complicated for others and their is many newbies who doesn't know a thing about bitcoin even how to earn in simple faucets I have known some! knowledge toward it is very important if you ask me!

Newmba

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it's too volatile, there is no real market, only for nerds and libertarians. Just a niche

Wobberdk

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Don't forget that for common people handling decimals, authorization keys, wallets, addresses as long as line of code and many other "easy to use" features are completely out of their league. We may be comfortable with them because we are a bunch of nerds but Bitcoin has a long way before it's being considered as a hassle free method compared to Paypal, CCs, etc. I would say that is the biggest problem. For the majority who are new this whole tech thing. Bitcoin usage is beyond them. Using it is tricky enough, understanding it is another level. Without understanding, there is little trust.

bitlost

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i believe really that this all news against bitcoin is from competitors ,trying to stop bitcoin adoption that will happen soon or later,its too late to kill bitcoin. anything can be connected to the black market and since the beginning of time people did illegal things. If not money then salt, gold, feathers, whatever. Now bitcoins. The medium is not the problem. But I understand - bitcoin is powerful and the banking system is afraid of that. It's just like the oil industry trying everything to stop alternative fuel, because they would lose money.

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Quote from: Mr. Big on February 18, 2016, 01:23:36 AM

Quote from: BTCdoctor on February 17, 2016, 04:56:36 PM

I think the fact that they dont know about it.

That is true.. we really need to spread the words about bitcoin in anywhere we are...many people still don't know about this...sometimes even in a family only one knows about it..

how could they stop using bitcoin , if they even did not know about bitcoin ? lol
anyway unlimited supply will make everyone stop using bitcoin, you know why? Grin

russian_pete

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Many here keep denying that it's difficult to use. That's a fact but what it's worse is that there's actually no problem to solve. Bitcoin doesn't do anything better than Paypal or CCs. Common people don't need Bitcoin in their lives unless they want to invest long term. People here mentioning Paypal is refundable as if was a disadvantage? you think that's a con for common folks? Do you think my mother wants to use Bitcoin (which is non-refundable) so the minute she makes a mistake she will lose all her money? Really? Because she will make that mistake sooner or later I guarantee you, there are decimals, authorization keys, brain wallets, address as long as long as line of code, qr codes, and you think being non-refundable is a plus? I think Bitcoin is a unique technology don't get me wrong but is in its infancy just as the internet was in the early 90s, it's still just for curious and tech savvy people. In this case it also attracts investors and traders.

teilwalL05

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Quote from: Hirose UK on February 18, 2016, 08:00:49 AM

first, we cannot buy anything by bitcoin, we just can buy some stuffs as long as the seller accept bitcoin

second, in some countries bitcoin has not been totally legal yet

Yes you cannot buy stuff using bitcoin unless the seller accept it, but me I am changing bitcoin with our fiat money then withdraws it on ATM so we could buy lot of stuff pretty neat in using bitcoin for me!

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first, we cannot buy anything by bitcoin, we just can buy some stuffs as long as the seller accept bitcoin

second, in some countries bitcoin has not been totally legal yet

jugador

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I believe rumors always affect bitcoin value that happen last month when some exchange weren't processing something i don't remember the problem and price went from 300 to 180 dollars in a flash moments,then to recover hell it took sometime,soo say that is impossible bitcoin being worth 0 dollars is insane,if a problem ,that bitcoin should have one,and someone may find it,it can easy kill the altcoins,but i doubt can happen otherwise crypto world would die with bitcoin i doubt others altcoins can survive without the father or the king.People connect bitcoin as some scam attempt or black market currency.

russian_pete

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Imagine you need to pay someone say $2000 that painted your house or performed another service.

And you wanted to pay them in BTC

And they heard of BTC and have no problem with the concept but never used it before

When you realize what you have to do - the explaining, the convincing, the handhold, how much time it takes you get them onboard and how much time it takes them to go through the process and have it converted to fiat in there hands... Lips sealed

Nextgen

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Quote from: devil11 on February 18, 2016, 03:46:52 AM

And its price which is going down, also a cause of stopping people from using Bitcoin.

The price fluctuation is not important for the general bitcoin users but is affecting the miners to very large extent and the traders are just utilizing it and will always do.IMO the not very easy to use algorithm of bitcoin or the more amount knowledge required to use than fiat is somewhat a drawback.

Quote from: Mr. Big on February 18, 2016, 01:23:36 AM

sometimes even in a family only one knows about it..

It doesn't matters if your or mine family members start using it cause they don't add anything significant to it like stocks ,institutional funds or tech companies could do.

devil11

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First of all, this coin is not so much famous on international level. Mostly people don't know about this currency. And its price which is going down, also a cause of stopping people from using Bitcoin.

diegz

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Quote from: sartorpc on February 17, 2016, 08:17:54 AM

1st reason, because it is hard to understand how it work and what is it, second reason, because it is a bit expensive and there are not many real places to spend it, unless you are in a very developed country or city.

That is true... knowledge about bitcoin, its use and of course, the very high price today is what I think too could hinder people to use bitcoin..

Mr. Big

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Quote from: BTCdoctor on February 17, 2016, 04:56:36 PM

I think the fact that they dont know about it.

That is true.. we really need to spread the words about bitcoin in anywhere we are...many people still don't know about this...sometimes even in a family only one knows about it..

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