Topic: What's stopping people from using bitcoin? - page 135. (Read 202140 times)
Simplicity and accessibility; although we have made a lot of progress over the years (e.g. coinbase, circle etc)
We need more media exposure of bitcoin or blockchain technology or anything else related to bitcoin. It is better for the exposure to be positive.
Fear would be the main reason I imagine. Fear of change & trying something new plus does average joe NEED to buy bitcoin?
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
Fear of the unknown also. It is unknown so research would be needed to gain some knowledge about bitcoin. But what would you lose? That is the question that is needed to pop up in their minds. If you started with earning and not buying one you will see how good bitcoin is.
Fear would be the main reason I imagine. Fear of change & trying something new plus does average joe NEED to buy bitcoin?
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
Yes getting into new technology for new payment system might be a hesitating worry for many common people more particularly for their money regarding. The fluctuating bitcoin prices must be the another reason. When they hold some bitcoins in large amount, even a slight down fall also will cost more.
I think the price of Bitcoin is starting to stabilise. Hopefully more people use Bitcoin, but if this does happen, the demand for Bitcoin will rise and so will the price. Then the price would fluctuate even more.
Fear would be the main reason I imagine. Fear of change & trying something new plus does average joe NEED to buy bitcoin?
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
Yes getting into new technology for new payment system might be a hesitating worry for many common people more particularly for their money regarding. The fluctuating bitcoin prices must be the another reason. When they hold some bitcoins in large amount, even a slight down fall also will cost more.
I understand why they would worry about the price falling, but I highly doubt we'll see massive downward fluctuations in the future.
Fear would be the main reason I imagine. Fear of change & trying something new plus does average joe NEED to buy bitcoin?
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
Yes getting into new technology for new payment system might be a hesitating worry for many common people more particularly for their money regarding. The fluctuating bitcoin prices must be the another reason. When they hold some bitcoins in large amount, even a slight down fall also will cost more.
Fear would be the main reason I imagine. Fear of change & trying something new plus does average joe NEED to buy bitcoin?
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
I'm extremely bullish but we need more mainstream exposure for the average man/woman to actually want to get involved in bitcoin.
too hard for average user to grasp. too many steps involved. adoption just will not happen.
The most people dont need bitcoin as they dont have were to spend it!Womans like to shop ,open a store and accept bitcoin soo the mans can gift them and well they can talk each others saying i paid with bitcoin,my man gaved me and i bought a new jeans with it,im inloved for bitcoin even not knowing what it is.This is something that must be done,some shops should allow bitcoin as payments,but with the current financial problems over the world may be fast the increase of interest into bitcoin.
True, the problem is people are not aware of bitcoin and so they don't need it.
The moment they see shops with a bitcoin accepted badge they will become interested.
In my opinion, maybe because the price is fluctuating. So, they fear that if the price drops drastically.
price of gold, and oil stocks also fluctuate, and no one can guarantee the price will be stable, but why are they afraid to fluctuations in the price of bitcoin?But the volatility of the price of gold and oil stocks are usually quite small, although the volatility increased recently.
The most people dont need bitcoin as they dont have were to spend it!Womans like to shop ,open a store and accept bitcoin soo the mans can gift them and well they can talk each others saying i paid with bitcoin,my man gaved me and i bought a new jeans with it,im inloved for bitcoin even not knowing what it is.This is something that must be done,some shops should allow bitcoin as payments,but with the current financial problems over the world may be fast the increase of interest into bitcoin.
In my opinion, maybe because the price is fluctuating. So, they fear that if the price drops drastically.
price of gold, and oil stocks also fluctuate, and no one can guarantee the price will be stable, but why are they afraid to fluctuations in the price of bitcoin? lack in Ease of use is one of the things preventing people from using BTC, now with a credit card you simply do not need to do anything but hold the card and pass it in a device, BTC require a little more, also it's value is not stable to USD but floating which is not convenient for your typical money transmission method.
Ya right and people are used to credit cards as they are using it since long time, and for them using bitcoins is something very new, and as they are not aware about the bitcoins they will not use it, but people are guided in a proper manner then they would surely start using bitcoins, lack of knowledge is responsible for it.
lack in Ease of use is one of the things preventing people from using BTC, now with a credit card you simply do not need to do anything but hold the card and pass it in a device, BTC require a little more, also it's value is not stable to USD but floating which is not convenient for your typical money transmission method.
Complexity of using bitcoin is a problem.
Its easier to use cash and credit cards for everyday shopping, and I doubt it will change. Cash can always be used without internet, bitcoin not. Credit cards and paypal confirmations are instant, whereas for bitcoin it is about 10 min, but usually more.
Also people get their salaries with fiat or directly to their bank. No need to get to excahnges, pay exchange fees, etc.
Finally if people use credit card or payal, you can charge back on mistakes. If chargebacks were possible in bitcoin, for example, situations like this could be avoided:
https://www.reddit.com/r/Bitcoin/comments/3yklrd/accidentally_sent_btc_to_bitmixer_donation/
Its easier to use cash and credit cards for everyday shopping, and I doubt it will change. Cash can always be used without internet, bitcoin not. Credit cards and paypal confirmations are instant, whereas for bitcoin it is about 10 min, but usually more.
Also people get their salaries with fiat or directly to their bank. No need to get to excahnges, pay exchange fees, etc.
Finally if people use credit card or payal, you can charge back on mistakes. If chargebacks were possible in bitcoin, for example, situations like this could be avoided:
https://www.reddit.com/r/Bitcoin/comments/3yklrd/accidentally_sent_btc_to_bitmixer_donation/
Nope People from the common middle doesn.t aware of bitcoin still they don't what is bitcoin. they don't is there any digital form currency nothing. This is just because lack of awareness in Bitcoin. We have to create that in social networks about that. But we are not doing that.
Because bitcoin is harder to use than flat money. It doesn't have any physical form, just all virtual.
There's a lot of people out there that even dont understand how to open a website.
in short, a lot of people didn't understand.
There's a lot of people out there that even dont understand how to open a website.
in short, a lot of people didn't understand.
are you really serious abot people out there dont even know how to open a website , really ? where you at i dont find anyone around me who can not open a website
and also i dot think so there is anything stopping people to use bitcoins people are using it, look at the traffic rank of blockchain and coinbase that is the proof people are using it
The education of Technology in my country are bad. Real Bad.
It is events like this: https://bitcointalksearch.org/topic/m.12751847
And events like this: https://bitcointalksearch.org/topic/master-p-scammer-i-lost-complete-faith-in-this-forum-now-1306301
That is stopping people from using bitcoin. Those are two recent scams that have taken place. The first was an elaborate crowdsale scam, complete with professional looking website and worldstartupmap, which scammed 330 BTC out of its investors.
The second was a trusted escrow service provider that is suspected of running off with the funds stored in escrow.
Those two events reflect the current state of bitcoin and does not reflect the reputation that MtGox or the Silk Road pinned to bitcoin in the past. To many, bitcoin is a liability and not an asset. It is hard to convince the world to consider the amazing world changing potential bitcoin has when we are constantly battling those who conspire to ruin its reputation with their scams.
And events like this: https://bitcointalksearch.org/topic/master-p-scammer-i-lost-complete-faith-in-this-forum-now-1306301
That is stopping people from using bitcoin. Those are two recent scams that have taken place. The first was an elaborate crowdsale scam, complete with professional looking website and worldstartupmap, which scammed 330 BTC out of its investors.
The second was a trusted escrow service provider that is suspected of running off with the funds stored in escrow.
Those two events reflect the current state of bitcoin and does not reflect the reputation that MtGox or the Silk Road pinned to bitcoin in the past. To many, bitcoin is a liability and not an asset. It is hard to convince the world to consider the amazing world changing potential bitcoin has when we are constantly battling those who conspire to ruin its reputation with their scams.
having a trusted escrow running with funds is very rare, it happened only this time, we can compare it with a bank going bankrupt, in that case you would lose everything like it happened in this case
so i see not real situation that won't happen with the fiat system anyway
I understand your point; however, many people in the United States view bitcoin as a liability because of it's bad reputation. They have comfort in the fact that their money is federally insured and they can always get a charge back on their bankcards if a service provider doesn't provide the services it promised. To those people, the bad reputation of bitcoin that results from negative occurrences, such as those contained within the citations above, stop them from using bitcoin.
It is events like this: https://bitcointalksearch.org/topic/m.12751847
And events like this: https://bitcointalksearch.org/topic/master-p-scammer-i-lost-complete-faith-in-this-forum-now-1306301
That is stopping people from using bitcoin. Those are two recent scams that have taken place. The first was an elaborate crowdsale scam, complete with professional looking website and worldstartupmap, which scammed 330 BTC out of its investors.
The second was a trusted escrow service provider that is suspected of running off with the funds stored in escrow.
Those two events reflect the current state of bitcoin and does not reflect the reputation that MtGox or the Silk Road pinned to bitcoin in the past. To many, bitcoin is a liability and not an asset. It is hard to convince the world to consider the amazing world changing potential bitcoin has when we are constantly battling those who conspire to ruin its reputation with their scams.
And events like this: https://bitcointalksearch.org/topic/master-p-scammer-i-lost-complete-faith-in-this-forum-now-1306301
That is stopping people from using bitcoin. Those are two recent scams that have taken place. The first was an elaborate crowdsale scam, complete with professional looking website and worldstartupmap, which scammed 330 BTC out of its investors.
The second was a trusted escrow service provider that is suspected of running off with the funds stored in escrow.
Those two events reflect the current state of bitcoin and does not reflect the reputation that MtGox or the Silk Road pinned to bitcoin in the past. To many, bitcoin is a liability and not an asset. It is hard to convince the world to consider the amazing world changing potential bitcoin has when we are constantly battling those who conspire to ruin its reputation with their scams.
having a trusted escrow running with funds is very rare, it happened only this time, we can compare it with a bank going bankrupt, in that case you would lose everything like it happened in this case
so i see not real situation that won't happen with the fiat system anyway
It is events like this: https://bitcointalksearch.org/topic/m.12751847
And events like this: https://bitcointalksearch.org/topic/master-p-scammer-i-lost-complete-faith-in-this-forum-now-1306301
That is stopping people from using bitcoin. Those are two recent scams that have taken place. The first was an elaborate crowdsale scam, complete with professional looking website and worldstartupmap, which scammed 330 BTC out of its investors.
The second was a trusted escrow service provider that is suspected of running off with the funds stored in escrow.
Those two events reflect the current state of bitcoin and does not reflect the reputation that MtGox or the Silk Road pinned to bitcoin in the past. To many, bitcoin is a liability and not an asset. It is hard to convince the world to consider the amazing world changing potential bitcoin has when we are constantly battling those who conspire to ruin its reputation with their scams.
And events like this: https://bitcointalksearch.org/topic/master-p-scammer-i-lost-complete-faith-in-this-forum-now-1306301
That is stopping people from using bitcoin. Those are two recent scams that have taken place. The first was an elaborate crowdsale scam, complete with professional looking website and worldstartupmap, which scammed 330 BTC out of its investors.
The second was a trusted escrow service provider that is suspected of running off with the funds stored in escrow.
Those two events reflect the current state of bitcoin and does not reflect the reputation that MtGox or the Silk Road pinned to bitcoin in the past. To many, bitcoin is a liability and not an asset. It is hard to convince the world to consider the amazing world changing potential bitcoin has when we are constantly battling those who conspire to ruin its reputation with their scams.
It's the uneducated masses keeping people from Bitcoin. They need to educate themselves in this situation to understand it better.
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