Topic: What's stopping people from using bitcoin? - page 144. (Read 202161 times)
I think people are holding off on using bitcoin because it's not mainstream. Most popular people use or buy is when it's new and hot and everyone is using it. Look at cell phones, once more people started using it a lot of people adapted to that as well. I think that's what bitcoin needs. It's slowly going into the world, some people know about it but because you can't pay with it everywhere they don't want to waste their time on it.
Another problem is that Bitcoin is not like other payment processors, where you will need just your email to receive payments, but with bitcoin, you will have to make use of some codes, which is, if you make a single mistake, you send it to the wrong address, but with sites like Xapo, you will have to make use of emails like you will do with PayPal and the rest of them.
You need to be more careful to avoid any such kind of problems. Copy and paste is always emphasized to avoid any stupid mistakes associated with bitcoin addresses. Luckily many sites has implemented the check sum verification to find the valid address before starting the payment process.
to someone new, they may make this mistake and get the impression that it is not safe. could be a slight problem. then again bank numbers often not tied to email and require Long codes
Another problem is that Bitcoin is not like other payment processors, where you will need just your email to receive payments, but with bitcoin, you will have to make use of some codes, which is, if you make a single mistake, you send it to the wrong address, but with sites like Xapo, you will have to make use of emails like you will do with PayPal and the rest of them.
You need to be more careful to avoid any such kind of problems. Copy and paste is always emphasized to avoid any stupid mistakes associated with bitcoin addresses. Luckily many sites has implemented the check sum verification to find the valid address before starting the payment process.
Another problem is that Bitcoin is not like other payment processors, where you will need just your email to receive payments, but with bitcoin, you will have to make use of some codes, which is, if you make a single mistake, you send it to the wrong address, but with sites like Xapo, you will have to make use of emails like you will do with PayPal and the rest of them.
They lack confidence in bitcoins, I guess? It's like if you were to choose from something you have been too familiar with for a long time and something that is new to you. I also think awareness is not enough because if they don't full understand what bitcoin and the potential of bitcoin with it's advantages, they really won't be interested in using it.
Lol
Our dad and moms will think it is currency for the underworld
Well it is a new generation now. You are the start for a new mindset and if you have sons and daughters you can pass it to them. Unlike my old style parents too. They wont really understand.
I do not consider as a problem when my father found too difficult the core concept and advantages of bitcoin. He just kept on asking questions about the need of such a currency. But I believe my children will understand more quick than me as they will have more technical exposure.
Bitcoin is at on side and paypal is at another place ,with merchants till that moment we wont see bitcoin reaching any new level,or mass adoption.Bitcoin being volatil is bringing large investors into it the same way gold and silver drops and ups,but in these case,but they have support from countries bitcoin is very small community compared with the countries.
They lack confidence in bitcoins, I guess? It's like if you were to choose from something you have been too familiar with for a long time and something that is new to you. I also think awareness is not enough because if they don't full understand what bitcoin and the potential of bitcoin with it's advantages, they really won't be interested in using it.
Lol
Our dad and moms will think it is currency for the underworld
Well it is a new generation now. You are the start for a new mindset and if you have sons and daughters you can pass it to them. Unlike my old style parents too. They wont really understand.
So after reading this article and especially the ending:
I'm wondering what's stopping people from using bitcoin?
And now I'm talking about people who already aware of bitcoin and how it works but still not using it.
The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?
Quote
One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.
I'm wondering what's stopping people from using bitcoin?
And now I'm talking about people who already aware of bitcoin and how it works but still not using it.
The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?
i agree with that, the security is not good for keeping bitcoin online. to risky to save many bitcoins because hacker and malware that can take our bitcoins.
Yes my biggest problem with Bitcoin is that you can looseyour bitcoin if not careful, or someone may hack into it and steal it, and also if you loose your password, you’ve also lost yourearnings, so you need to be careful while making use of bitcoin or you will end up losing your bitcoins.
They lack confidence in bitcoins, I guess? It's like if you were to choose from something you have been too familiar with for a long time and something that is new to you. I also think awareness is not enough because if they don't full understand what bitcoin and the potential of bitcoin with it's advantages, they really won't be interested in using it.
Lol
Our dad and moms will think it is currency for the underworld
So after reading this article and especially the ending:
I'm wondering what's stopping people from using bitcoin?
And now I'm talking about people who already aware of bitcoin and how it works but still not using it.
The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?
Quote
One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.
I'm wondering what's stopping people from using bitcoin?
And now I'm talking about people who already aware of bitcoin and how it works but still not using it.
The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?
i agree with that, the security is not good for keeping bitcoin online. to risky to save many bitcoins because hacker and malware that can take our bitcoins.
Some people that they have enough money of the world they don't need bitcoin and that is why the y stop using it.
Bitcoin also take time so for some people is not a good thing to do bitcoin. Is nice to take some break of it and hold it. I still like it am I am still using it.
Bitcoin also take time so for some people is not a good thing to do bitcoin. Is nice to take some break of it and hold it. I still like it am I am still using it.
The internet itself was distrusted for several years before its use took off and exploded to where 80% of the world is connected to the net. Bitcoin will take off in a similar matter
With the internet, email made the common everyday man begin to understand it's potential. Because email virtually promoted itself... In all the schools, and offices world wide people were talking about this free method of communication and before too long the whole world wanted in.
With the internet, email made the common everyday man begin to understand it's potential. Because email virtually promoted itself... In all the schools, and offices world wide people were talking about this free method of communication and before too long the whole world wanted in.
Yeah that would be nice. But due to some bad history of bitcoin during its process where syndicates use this as their kind of payment people are still doubting bitcoin. And the government also makes it too bad.
The internet itself was distrusted for several years before its use took off and exploded to where 80% of the world is connected to the net. Bitcoin will take off in a similar matter
With the internet, email made the common everyday man begin to understand it's potential. Because email virtually promoted itself... In all the schools, and offices world wide people were talking about this free method of communication and before too long the whole world wanted in.
With the internet, email made the common everyday man begin to understand it's potential. Because email virtually promoted itself... In all the schools, and offices world wide people were talking about this free method of communication and before too long the whole world wanted in.
No paypal is just one way to protect your data from hackers ,since the paypal structure is based into security,atleast it should be,the merchants allowed paypal to be part of their projects,soo paying with directly with credit or debit cards very risky,paypal offers the same service but give their costumers protection.Paypal hanst a currency or their coin,bitcoin is both and well even with more security then any other way ,the volatility sure scares the most,imagine buy something at 0,1btc today and tomorrow the same thing being cost 0,05btc,or even 0.20btc,sure the prices should follow the market,but in the end merchants may loose instead of get theit profit.
Yes that might happen if you buy at the wrong time. More knowledge is needed before buying. Plus bitcoin have lower payment when it comes to sending money. I still prefer bitcoin now. I use paypal from the past but if you see how much you will lose just by sending it hurt my feelings.
No paypal is just one way to protect your data from hackers ,since the paypal structure is based into security,atleast it should be,the merchants allowed paypal to be part of their projects,soo paying with directly with credit or debit cards very risky,paypal offers the same service but give their costumers protection.Paypal hanst a currency or their coin,bitcoin is both and well even with more security then any other way ,the volatility sure scares the most,imagine buy something at 0,1btc today and tomorrow the same thing being cost 0,05btc,or even 0.20btc,sure the prices should follow the market,but in the end merchants may loose instead of get theit profit.
People trust into what they see and hold,the fiat has such interest because you have it on hands,bitcoin is just an online coin and one way to pay,one day bitcoins can replace the coins like euro done with all the currencies of each country.But countries will need to allow people to know and to use bitcoin whenever they wanna,and be able to pay with them.
True. that is how people think now. They want somthing they can hold unto physically. That is the wrong idea of some people. Why they trust paypal more than bitcoin. Paypal is also an online money. Although it says it is in dollars. It is still online money. I can change my bitcoin in dollars too.
People trust into what they see and hold,the fiat has such interest because you have it on hands,bitcoin is just an online coin and one way to pay,one day bitcoins can replace the coins like euro done with all the currencies of each country.But countries will need to allow people to know and to use bitcoin whenever they wanna,and be able to pay with them.
The last pump of the price was a good chance for new people to use bitcoin, but now that the price is much more down this makes people to think to quit, sadly.
The price is up or down all the time. Some people will buy, some will sell. There is no difference. The most important is the adoption of the bitcoin.
I think people are reluctant because we still have problems like these:
Bitcoin exchange Cryptoine hacked - http://www.zdnet.com/article/bitcoin-exchange-cryptoine-hacked/
Cryptoine has been hacked and its hot wallets emptied - but the exchange blames a programming bug rather than a full-scale cyberattack.
But frankly there is no difference for the users really, what matters is that they lost BTC and cannot be trusted.
Bitcoin exchange Cryptoine hacked - http://www.zdnet.com/article/bitcoin-exchange-cryptoine-hacked/
Cryptoine has been hacked and its hot wallets emptied - but the exchange blames a programming bug rather than a full-scale cyberattack.
But frankly there is no difference for the users really, what matters is that they lost BTC and cannot be trusted.
But this will happen forever. Anyone can start their own exchange and then claim it got hacked. What people need to do is to learn that you should not leave your coins inside an exchange. If you really need to then you will need to learn with whatever information is required to deliver in more serious exchanges like Gemini.
I think people are reluctant because we still have problems like these:
Bitcoin exchange Cryptoine hacked - http://www.zdnet.com/article/bitcoin-exchange-cryptoine-hacked/
Cryptoine has been hacked and its hot wallets emptied - but the exchange blames a programming bug rather than a full-scale cyberattack.
But frankly there is no difference for the users really, what matters is that they lost BTC and cannot be trusted.
Bitcoin exchange Cryptoine hacked - http://www.zdnet.com/article/bitcoin-exchange-cryptoine-hacked/
Cryptoine has been hacked and its hot wallets emptied - but the exchange blames a programming bug rather than a full-scale cyberattack.
But frankly there is no difference for the users really, what matters is that they lost BTC and cannot be trusted.
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