What's stopping people from using bitcoin? - page 146.

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: Supercrypt on December 10, 2015, 02:06:50 PM

Quote from: cellard on December 09, 2015, 01:16:53 PM

Quote from: bitcoinblessed on December 09, 2015, 01:12:08 PM

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.

Yes, buying bitcoin and spedning it for some purpose would only happen once bitcoin prices get stable (and the time 99% of total bitcoins will be mined out). Till then people will find it too hard to spend bitcoin for lower value. Yes, bitcoin is in it's investment phase. So, hold it.

You meant to say the lower value of bitcoin is the reason stopping people from spending bitcoins. I do not think so. Many people are just trading bitcoin for some profits. No one is ready for full benefits from bitcoin it would give us in 5 or 10 years.
Lack of merchants and lack of availability of needed products are the real stoppers.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: cellard on December 09, 2015, 01:16:53 PM

Quote from: bitcoinblessed on December 09, 2015, 01:12:08 PM

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.

Yes, buying bitcoin and spedning it for some purpose would only happen once bitcoin prices get stable (and the time 99% of total bitcoins will be mined out). Till then people will find it too hard to spend bitcoin for lower value. Yes, bitcoin is in it's investment phase. So, hold it.

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: cellard on December 09, 2015, 01:16:53 PM

Quote from: bitcoinblessed on December 09, 2015, 01:12:08 PM

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.

Hold it for the increase. I am just an earner and I havent tried to buy yet. My bitcoins arr from faucets and signature campaign. But seeing how it grows I might consider buying and get profit from the increase

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: bitcoinblessed on December 09, 2015, 01:12:08 PM

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

People don't see a need to buy when they can buy anything they want with fiat, but if you get the Bitcoin directly by doing some activity you are way more prone to use it. For example if you get paid in a sig campaign, you are more prone to spend this money. If I didn't had Bitcoin, I would have to buy it, and I would hold it but not treat it as something I would use to buy something.

bitcoinblessed

member

Activity: 70

Merit: 10

I think part of the prevention is the buying process. It is not simple enough for the everyday person. Technology still gives people troubles, and only the technologically advanced can purchase bitcoin.

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

Quote from: Xialla on December 09, 2015, 04:53:48 AM

complexity and laziness. it is enough...

just ask your mother or your friend's girlfriend, if she knows what is p2p, private key or QR code...and if she even care. people don't what to learn anything extra over something, what works just fine for them like paypal, modern banks and their applications or wireless payments.

yeah you have a point, but this kind of people are those
who are not really interested on the thing that they are using,
that also includes bitcoin. some reason people dont use btc
is because they are having a hard time trusting it, because when
using bitcoin youre on your own no government laws will be applied
when youre using btc so if you got scam and you know who did it or
you even have a proof of getting scam the government cant do anything
because bitcoin is outside of the government.

and one more reason why people dont use btc, because of its instability.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: Xialla on December 09, 2015, 04:53:48 AM

complexity and laziness. it is enough...

just ask your mother or your friend's girlfriend, if she knows what is p2p, private key or QR code...and if she even care. people don't what to learn anything extra over something, what works just fine for them like paypal, modern banks and their applications or wireless payments.

I agree with you entirely. People. It is unexplainable but true. They dont want anything to do with what will make life more complex. They want it easy. They dont want to be burdened by more or learn more. Just stay with what they know and thats it.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: Amph on December 09, 2015, 04:49:36 AM

Quote from: AncilVTwo on December 08, 2015, 03:43:22 PM

the main thing stopping people is the fact that its so hard to buy bitcoins you have to get so many verifications done to purchase.

not true, on kraken you don't need any verification, you just have a limit monthly and daily, that's it

the limit is also very generous $2k per day and 10k per month

You still have to provide your full address, name and a phone number. But I guess you would give them a of this anyway when you give them your IBAN for SEPA transfer so yes, essentially the verification is quite low on Kraken.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

complexity and laziness. it is enough...

just ask your mother or your friend's girlfriend, if she knows what is p2p, private key or QR code...and if she even care. people don't what to learn anything extra over something, what works just fine for them like paypal, modern banks and their applications or wireless payments.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: AncilVTwo on December 08, 2015, 03:43:22 PM

the main thing stopping people is the fact that its so hard to buy bitcoins you have to get so many verifications done to purchase.

not true, on kraken you don't need any verification, you just have a limit monthly and daily, that's it

the limit is also very generous $2k per day and 10k per month

knowhow

hero member

Activity: 560

Merit: 500

I had bought mine bitcoin from other member of this forum ,to buy bitcoin and show you are into the market is one thing,i have small ammounts and always purchase small ammounts soo for me no problem.Sure there is a wall into who wanna invest deeply but well risk is always connected,bitcoin on 400 dollars once again.

AncilVTwo

sr. member

Activity: 364

Merit: 250

the main thing stopping people is the fact that its so hard to buy bitcoins you have to get so many verifications done to purchase.

BigBoy89

legendary

Activity: 1512

Merit: 1011

Quote from: thejaytiesto on December 08, 2015, 01:33:22 PM

Quote from: Velkro on December 07, 2015, 11:57:52 PM

Bitcoin has no killer app yet. That stops people from using bitcoin everyday.
I personally don't use bitcoin every day, because i don't need to/its not easier/faster etc.
There are situations that Bitcoin is better, but they are not that common.

Bitcoin in itself is a big killer app, the problem is people still don't get it, but they will. Nonetheless the future will give us a ton of killer apps. This is a good video about it:

https://www.youtube.com/watch?v=4nOfHpOFhN8

There are a lot of other videos like this worth checking out.

Seriously Bitcoin doesn't need an killer app because the concept of Bitcoin itself is not less than a killer but Bitcoin should create awareness among people about what it is and how it works because most of most have no idea what is BTC. First educate people and then see the progress

USB-S

sr. member

Activity: 574

Merit: 250

In XEM we trust

Quote from: thejaytiesto on December 08, 2015, 01:33:22 PM

Quote from: Velkro on December 07, 2015, 11:57:52 PM

Bitcoin has no killer app yet. That stops people from using bitcoin everyday.
I personally don't use bitcoin every day, because i don't need to/its not easier/faster etc.
There are situations that Bitcoin is better, but they are not that common.

Bitcoin in itself is a big killer app, the problem is people still don't get it, but they will. Nonetheless the future will give us a ton of killer apps. This is a good video about it:

https://www.youtube.com/watch?v=4nOfHpOFhN8

There are a lot of other videos like this worth checking out.

james d'angelo is a legend for making those, his perspective is indeed a good one. But I think so as well, that bitcoin itself is the killer app, a lot of people are still behind blockchain or some other underlying tech that bitcoin has. Or aren't really aware of bitcoin at all.

A lot of people can't get behind the concept of bitcoin just cause if they try to research it themselves, they'll most likely not get it and if someone were to explain it to them, they would probably end up in their "safe space" bubble just because the whole idea is a bit difficult to grasp.

anthonycamp

sr. member

Activity: 322

Merit: 250

you dont use full bitcoin for 100% of your economy cause you work into a governemet that pays fiat

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: Velkro on December 07, 2015, 11:57:52 PM

Bitcoin has no killer app yet. That stops people from using bitcoin everyday.
I personally don't use bitcoin every day, because i don't need to/its not easier/faster etc.
There are situations that Bitcoin is better, but they are not that common.

Bitcoin in itself is a big killer app, the problem is people still don't get it, but they will. Nonetheless the future will give us a ton of killer apps. This is a good video about it:

https://www.youtube.com/watch?v=4nOfHpOFhN8

There are a lot of other videos like this worth checking out.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: mayax on December 08, 2015, 12:03:39 AM

Bitcoin is useless for daily needs. BTC is good if you want to buy weed and similar staff or to make speculations with its price.
Also, you can "invest" in HYIPs.

BTC is an e-currency like any other but more than that, it's hard to be used. It cannot compete with the debit cards which are fast and accepted everywhere.

Weed and drugs? Oh yeah that is why it is so bad to the eyes of many people. That is what is stopping them. The bad start of bitcoin where people used it as a way to buy bad stuffs. There are other ways. Just look deeper.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: Denker on December 08, 2015, 12:36:08 PM

Quote from: Velkro on December 07, 2015, 11:57:52 PM

Bitcoin has no killer app yet. That stops people from using bitcoin everyday.
I personally don't use bitcoin every day, because i don't need to/its not easier/faster etc.
There are situations that Bitcoin is better, but they are not that common.

Not sure about that.
Just having the opportunity to send Bitcoin around the globe, at anytime, for very low costs without the need of any third party is a huge step imo.Therefore Bitcoin is the killer app itself!!
But it's a process which takes a long time before many many people will see it.You can not force people to use something if they feel convenient with their actual payment options, although it costs them more due to fees.
Furthermore Bitcoin is right now that really user friendly. People who are not tech savvy have problems.But this will change with better UI's and stuff.

Well the thing is, even though Bitcoin may be the "killer app", it needs an application to make it look that way tot the rest of the populace. Most people wouldn't even be able to navigate through a wallet or make any sense about what they are actually seeing. This is why, in my opinion, most people do not have that much of an interest in using it.

Plus if I can easily use PayPal to pay for some goods and get them shipped to me in a relatively small time frame, I won't have a need for changing anything.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: Velkro on December 07, 2015, 11:57:52 PM

Bitcoin has no killer app yet. That stops people from using bitcoin everyday.
I personally don't use bitcoin every day, because i don't need to/its not easier/faster etc.
There are situations that Bitcoin is better, but they are not that common.

Not sure about that.
Just having the opportunity to send Bitcoin around the globe, at anytime, for very low costs without the need of any third party is a huge step imo.Therefore Bitcoin is the killer app itself!!
But it's a process which takes a long time before many many people will see it.You can not force people to use something if they feel convenient with their actual payment options, although it costs them more due to fees.
Furthermore Bitcoin is right now that really user friendly. People who are not tech savvy have problems.But this will change with better UI's and stuff.

gkv9

legendary

Activity: 1246

Merit: 1000

!!! RiSe aBovE ThE StoRm !!!

The best answer to OP's question according to me is: Government and Centralized Authorities...
They are just banning it and stopping people from using it, but who can actually stop them???
There are services like VPN and Tor networks where one can easily access such things...

Topic: What's stopping people from using bitcoin? - page 146. (Read 202140 times)