What's stopping people from using bitcoin? - page 123.

madonnino

sr. member

Activity: 322

Merit: 250

I ❤ www.LuckyB.it!

Quote from: equilibriator on February 02, 2016, 06:14:27 AM

People love doing things simply "success of Creditcards is an evidence of that",

I can swear to you that I come from, people 50 years old still uses only cash. because they see credit cards like something difficult. I think it is a problem of education, everything seems difficult when it is new, including bitcoin

equilibriator

member

Activity: 67

Merit: 10

In my opinion people masses are not using BTC because of the technicality, People love doing things simply "success of Creditcards is an evidence of that", BTC would be more interactive, also confirmations etc... would make it a more complicated and time-taking process. BTC is very convenient for country to another country transactions IMO but not for buying stuff at the mall etc...

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: Nemesis099 on February 01, 2016, 05:57:55 PM

Quote from: buddycool on February 01, 2016, 09:14:45 AM

Even I didn't knew abiut bitcoin a few days ago, so lack of knowledge or insufficient knowledge is the main problem of not using btcs..

Also, maybe there is a danger of losing the btc wallet or someone may hack and steal our btcs..

People who are new to bitcoin world will definitely think about all this factors at the initial stage and it is logical to think like that, as no one wants that they should loose their hard earned money, so if the newbies are groomed in a proper way, then it can change their mindsets towards bitcoins.

Very right. That is why we shouldnt be selfish in giving some knowledge with newbies. We are newbies once and for me I always think that I am still a newbie and more knowledge needed everyday. There is always something new and that is what keeps me going.

CryingMidget

sr. member

Activity: 434

Merit: 250

Quote from: Anddos on February 01, 2016, 05:05:42 PM

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.

I will Agree with you dude. People are not aware of it, that is the main drawback in bitcoin.
If everyone comes to know about it. These Idiotic politician make politics and corruption on it as well.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Quote from: owm123 on February 01, 2016, 10:48:21 PM

Quote from: knowhow on February 01, 2016, 11:32:31 AM

Quote from: owm123 on January 29, 2016, 11:00:20 PM

Quote from: bitbaby on January 29, 2016, 10:54:42 PM

Quote from: knowhow on January 29, 2016, 03:12:18 PM

Bitcoin is connected to black market and others things heavy,that fiat were connected and still but people think they created those coin and is a ponzi thing to steal your money,besides those we may say the oldest people doesnt know work with technology soo they avoid it.The others well they dont wanna to search or know about bitcoin ,as they dont believe on it ,soo lets say that are several reasons to dont use bitcoin but is when you dont care about what may happen tomorrow for me is the same.Bitcoin has bringeg huge investors into it ,the fact it has already 7 years and a value of 400 dollars for 1 btc should make people start to search about it atleast.

I don't believe that is entirely the reason for people to not use bitcoin but it maybe a part, people who are outsiders to the bitcoin world read news and every now and then there are bad news associated with bitcoin, which includes scams or thefts, like the recent Cryptsy one and that puts them a little on the back foot.

News like this one recent:
http://www.theguardian.com/sustainable-business/2016/jan/28/bitcoin-darknet-online-child-abuse-financial-sector

are not helping and are not making it easier to start using Bitcoin.

One thing is very curious about those news,with fiat nothing bad happens,wars are financed by fiat being dollars or other currency,and now bitcoin with huge potencial is being connected to just the darkeness side of the life,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.

You right. No one is talking too much about fiat being used by bad ppl to do bad things. Its about power only. Fiat is controlled by government and banks, so why would they endorse spreading news that their fiat money are used illegal things. Bitcoin is out of their control and thretens their power over money, thus they want to spread more propaganda about how Bitcoin is responsible for all bad things happening.

This is a reason why people are much interested to enter bitcoin. another factor is there is none to explain about the various factors running behind the technology. people just see the outer structure and concludes. Also its difficult to explain to such people. Only they'll understand if they enter into the community

owm123

sr. member

Activity: 392

Merit: 250

Quote from: knowhow on February 01, 2016, 11:32:31 AM

Quote from: owm123 on January 29, 2016, 11:00:20 PM

Quote from: bitbaby on January 29, 2016, 10:54:42 PM

Quote from: knowhow on January 29, 2016, 03:12:18 PM

Bitcoin is connected to black market and others things heavy,that fiat were connected and still but people think they created those coin and is a ponzi thing to steal your money,besides those we may say the oldest people doesnt know work with technology soo they avoid it.The others well they dont wanna to search or know about bitcoin ,as they dont believe on it ,soo lets say that are several reasons to dont use bitcoin but is when you dont care about what may happen tomorrow for me is the same.Bitcoin has bringeg huge investors into it ,the fact it has already 7 years and a value of 400 dollars for 1 btc should make people start to search about it atleast.

I don't believe that is entirely the reason for people to not use bitcoin but it maybe a part, people who are outsiders to the bitcoin world read news and every now and then there are bad news associated with bitcoin, which includes scams or thefts, like the recent Cryptsy one and that puts them a little on the back foot.

News like this one recent:
http://www.theguardian.com/sustainable-business/2016/jan/28/bitcoin-darknet-online-child-abuse-financial-sector

are not helping and are not making it easier to start using Bitcoin.

One thing is very curious about those news,with fiat nothing bad happens,wars are financed by fiat being dollars or other currency,and now bitcoin with huge potencial is being connected to just the darkeness side of the life,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.

You right. No one is talking too much about fiat being used by bad ppl to do bad things. Its about power only. Fiat is controlled by government and banks, so why would they endorse spreading news that their fiat money are used illegal things. Bitcoin is out of their control and thretens their power over money, thus they want to spread more propaganda about how Bitcoin is responsible for all bad things happening.

Nemesis099

full member

Activity: 205

Merit: 100

Quote from: buddycool on February 01, 2016, 09:14:45 AM

Even I didn't knew abiut bitcoin a few days ago, so lack of knowledge or insufficient knowledge is the main problem of not using btcs..

Also, maybe there is a danger of losing the btc wallet or someone may hack and steal our btcs..

People who are new to bitcoin world will definitely think about all this factors at the initial stage and it is logical to think like that, as no one wants that they should loose their hard earned money, so if the newbies are groomed in a proper way, then it can change their mindsets towards bitcoins.

Anddos

sr. member

Activity: 378

Merit: 250

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.

knowhow

hero member

Activity: 560

Merit: 500

Quote from: owm123 on January 29, 2016, 11:00:20 PM

Quote from: bitbaby on January 29, 2016, 10:54:42 PM

Quote from: knowhow on January 29, 2016, 03:12:18 PM

Bitcoin is connected to black market and others things heavy,that fiat were connected and still but people think they created those coin and is a ponzi thing to steal your money,besides those we may say the oldest people doesnt know work with technology soo they avoid it.The others well they dont wanna to search or know about bitcoin ,as they dont believe on it ,soo lets say that are several reasons to dont use bitcoin but is when you dont care about what may happen tomorrow for me is the same.Bitcoin has bringeg huge investors into it ,the fact it has already 7 years and a value of 400 dollars for 1 btc should make people start to search about it atleast.

I don't believe that is entirely the reason for people to not use bitcoin but it maybe a part, people who are outsiders to the bitcoin world read news and every now and then there are bad news associated with bitcoin, which includes scams or thefts, like the recent Cryptsy one and that puts them a little on the back foot.

News like this one recent:
http://www.theguardian.com/sustainable-business/2016/jan/28/bitcoin-darknet-online-child-abuse-financial-sector

are not helping and are not making it easier to start using Bitcoin.

One thing is very curious about those news,with fiat nothing bad happens,wars are financed by fiat being dollars or other currency,and now bitcoin with huge potencial is being connected to just the darkeness side of the life,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.

iamthesky

full member

Activity: 210

Merit: 100

Quote from: Astargath on February 01, 2016, 09:19:51 AM

Quote from: Rizky Aditya on January 31, 2016, 03:03:01 PM

I think one of the main reasons that people aren't using bitcoin, is because they like fiat and they don't want to change currencies.

Nice conclusion Sherlock. Of course they are using fiat, what else? It's not about changing currencies, I'm sure if you could buy everything with bitcoins paying less everyone would switch immediately but you can't buy everything with bitcoin right now, not even close.

Yes and many of them have not even heard about bitcoins, so using it as a currency is a very big deal for them, and many countries don't accept bitcoins as a mode of payment so people don't know that they can make a payment using bitcoins.

Astargath

hero member

Activity: 1624

Merit: 645

Quote from: Rizky Aditya on January 31, 2016, 03:03:01 PM

I think one of the main reasons that people aren't using bitcoin, is because they like fiat and they don't want to change currencies.

Nice conclusion Sherlock. Of course they are using fiat, what else? It's not about changing currencies, I'm sure if you could buy everything with bitcoins paying less everyone would switch immediately but you can't buy everything with bitcoin right now, not even close.

buddycool

full member

Activity: 182

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

Even I didn't knew abiut bitcoin a few days ago, so lack of knowledge or insufficient knowledge is the main problem of not using btcs..

Also, maybe there is a danger of losing the btc wallet or someone may hack and steal our btcs..

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: busybee7 on January 31, 2016, 03:02:40 PM

nothing stops them from doing that, i guess people are just afraid to have trouble with law

in some countries there is a ban on using bitcoin, I heard even if still perform using bitcoin, will be fined or prison. maybe its reason?

fruitcommander

full member

Activity: 196

Merit: 100

Quote from: naidray on February 01, 2016, 07:53:42 AM

Nothing is stopping people from using bitcoins, maybe the only thing that maybe stopping them is legal issues. I have friends who love bitcoins but not use them much due to legal issues and all, maybe one day they will love BTC though.

They will regret in future that why they didn't started to use bitcoins, as the bitcoin can be a global currency in future and the value of bitcoin would be much more, So if you don't get into bitcoins at a moment then it would a biggest mistake.

jyakulis

sr. member

Activity: 469

Merit: 250

J

Not a high enough acceptance rate. You can't pay taxes with it, you most likely can't get paid in it, and not enough merchants have accepted it yet.

It's more relegated to buy and hold as an investment right now. The people spending it are miners.

naidray

legendary

Activity: 1232

Merit: 1029

Nothing is stopping people from using bitcoins, maybe the only thing that maybe stopping them is legal issues. I have friends who love bitcoins but not use them much due to legal issues and all, maybe one day they will love BTC though.

pneumatic5

full member

Activity: 238

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Quote from: Newcoins2020 on February 01, 2016, 03:32:42 AM

Maybe you should tell people what the disadvantages of the coins. And also tell them that they may suffer losses.

If they know the disadvantages they going to quit, I guess.

When you introduce something to people around you, you have to tell them both advantages and disadvantages and then they will decide whether to accept or reject the new techonology, and if they take advantages positively then they won't quit.

HardFlaccid

member

Activity: 84

Merit: 10

I think there are several reasons, the the most important ones for me are?

- Just a few people use Internet for other purposes beyond google, facebook, twitter, instagram.

- There is a initial barrier, cause people are skeptic and still scared of paying for stuff via the web

- Bitcoin and the whole crypto thing is not such a trivial matter for the average citizen

bitlancr

hero member

Activity: 616

Merit: 500

Bitcoin is a really nice payment method but people think bitcoin will fall apart soon. The funny thing is bitcoin has a great future ahead and will be get more popular in the days ahead of us.

Newcoins2020

sr. member

Activity: 406

Merit: 250

Maybe you should tell people what the disadvantages of the coins. And also tell them that they may suffer losses.

If they know the disadvantages they going to quit, I guess.

Topic: What's stopping people from using bitcoin? - page 123. (Read 202161 times)