Topic: What's stopping people from using bitcoin? - page 154. (Read 202161 times)
I guess that today what is still stopping people from using Bitcoin is that they don't really understand how it works. Besides, there is still the shadow of criminality related to the digital currency and so people are still afraid of using it.
Is paying with bitcoin in the supermarket really what we need ?
If so, there already are debit cards you can pre-load with bitcoins.
If so, there already are debit cards you can pre-load with bitcoins.
It's paying in the supermarket with Bitcoin with ease that makes the difference. If you want to get a Bitcoin debit card, there is hassle because you need the get Bitcoins, the card, load it up and then deal with higher fees than you do with a standard credit card. In the end there's no point from a consumer perspective, it costs more and takes more time. People are generally happy to pay a little bit more for convenience - but there is no way people are going to pay more for even more effort expended on their part.
Lack of real Bitcoin infrastructure in the places where people actually spend money - i.e. supermarkets, bars, nightclubs, strip clubs, coffee shops, etc.
Amazon accepting it would be a huge thing. It will take more corporate adoption before people are comfortable with it. Too many people still hold the negative associations from the 2012 era when all people were hearing was the 'deep web' and 'Silk Road' - as well as other lovely buzzwords like 'hitmen' and 'drug dealers'.
Bitcoin needs a bit of positive PR and a few killer apps.
Amazon accepting it would be a huge thing. It will take more corporate adoption before people are comfortable with it. Too many people still hold the negative associations from the 2012 era when all people were hearing was the 'deep web' and 'Silk Road' - as well as other lovely buzzwords like 'hitmen' and 'drug dealers'.
Bitcoin needs a bit of positive PR and a few killer apps.
Is paying with bitcoin in the supermarket really what we need ?
If so, there already are debit cards you can pre-load with bitcoins.
Would it be practical with the limit of 7 transactions per second though ?
Lack of real Bitcoin infrastructure in the places where people actually spend money - i.e. supermarkets, bars, nightclubs, strip clubs, coffee shops, etc.
Amazon accepting it would be a huge thing. It will take more corporate adoption before people are comfortable with it. Too many people still hold the negative associations from the 2012 era when all people were hearing was the 'deep web' and 'Silk Road' - as well as other lovely buzzwords like 'hitmen' and 'drug dealers'.
Bitcoin needs a bit of positive PR and a few killer apps.
Amazon accepting it would be a huge thing. It will take more corporate adoption before people are comfortable with it. Too many people still hold the negative associations from the 2012 era when all people were hearing was the 'deep web' and 'Silk Road' - as well as other lovely buzzwords like 'hitmen' and 'drug dealers'.
Bitcoin needs a bit of positive PR and a few killer apps.
Is paying with bitcoin in the supermarket really what we need ?
If so, there already are debit cards you can pre-load with bitcoins.
Lack of real Bitcoin infrastructure in the places where people actually spend money - i.e. supermarkets, bars, nightclubs, strip clubs, coffee shops, etc.
Amazon accepting it would be a huge thing. It will take more corporate adoption before people are comfortable with it. Too many people still hold the negative associations from the 2012 era when all people were hearing was the 'deep web' and 'Silk Road' - as well as other lovely buzzwords like 'hitmen' and 'drug dealers'.
Bitcoin needs a bit of positive PR and a few killer apps.
Amazon accepting it would be a huge thing. It will take more corporate adoption before people are comfortable with it. Too many people still hold the negative associations from the 2012 era when all people were hearing was the 'deep web' and 'Silk Road' - as well as other lovely buzzwords like 'hitmen' and 'drug dealers'.
Bitcoin needs a bit of positive PR and a few killer apps.
Is paying with bitcoin in the supermarket really what we need ?
If so, there already are debit cards you can pre-load with bitcoins.
Things stopping people from using bitcoin is because of the government. The decentralized policy makes most of the transaction pseudonymous, it is transparent but does not state the sender and receiver. Some of us does not believe that the bitcoin can change the way the currency works, just like the old days where no one believes in internet. Just need time for everyone to adopt it.
Actually it is a very complicated question and it is not solved by few answers, but need much survey and research. This is just my opinion..
Actually it is a very complicated question and it is not solved by few answers, but need much survey and research. This is just my opinion..
Government factor is the one thing and the most important factor that I believe is that the price fluctuation of bitcoins is too difficult to handle. Looking at the price fluctuations people hesitate in investing or using bitcoins as they feel that they would have to suffer from losses in the near future but if the price is stable than more and more people would start using bitcoins.
Like afraid of the unknown. Afraid of the future? Yes, they want something that is constant. Bitcoin have too much movement and that is why they are afraid. People without patience cannot take that kind of experience. But for people who can wait. This will be a great profit for them.
Exactly, Patience Pays.
If people will have patience they could be the super rich people in the future but the only thing is that they should be shown the positive aspects of bitcoins. Every coin has two sides positive and negative, same goes with the bitcoins but there are many positive factors attached with bitcoins it depends on the mindsets of the people how they look at it.
Things stopping people from using bitcoin is because of the government. The decentralized policy makes most of the transaction pseudonymous, it is transparent but does not state the sender and receiver. Some of us does not believe that the bitcoin can change the way the currency works, just like the old days where no one believes in internet. Just need time for everyone to adopt it.
Actually it is a very complicated question and it is not solved by few answers, but need much survey and research. This is just my opinion..
Actually it is a very complicated question and it is not solved by few answers, but need much survey and research. This is just my opinion..
Government factor is the one thing and the most important factor that I believe is that the price fluctuation of bitcoins is too difficult to handle. Looking at the price fluctuations people hesitate in investing or using bitcoins as they feel that they would have to suffer from losses in the near future but if the price is stable than more and more people would start using bitcoins.
Like afraid of the unknown. Afraid of the future? Yes, they want something that is constant. Bitcoin have too much movement and that is why they are afraid. People without patience cannot take that kind of experience. But for people who can wait. This will be a great profit for them.
Things stopping people from using bitcoin is because of the government. The decentralized policy makes most of the transaction pseudonymous, it is transparent but does not state the sender and receiver. Some of us does not believe that the bitcoin can change the way the currency works, just like the old days where no one believes in internet. Just need time for everyone to adopt it.
Actually it is a very complicated question and it is not solved by few answers, but need much survey and research. This is just my opinion..
Actually it is a very complicated question and it is not solved by few answers, but need much survey and research. This is just my opinion..
Government factor is the one thing and the most important factor that I believe is that the price fluctuation of bitcoins is too difficult to handle. Looking at the price fluctuations people hesitate in investing or using bitcoins as they feel that they would have to suffer from losses in the near future but if the price is stable than more and more people would start using bitcoins.
Things stopping people from using bitcoin is because of the government. The decentralized policy makes most of the transaction pseudonymous, it is transparent but does not state the sender and receiver. Some of us does not believe that the bitcoin can change the way the currency works, just like the old days where no one believes in internet. Just need time for everyone to adopt it.
Actually it is a very complicated question and it is not solved by few answers, but need much survey and research. This is just my opinion..
Actually it is a very complicated question and it is not solved by few answers, but need much survey and research. This is just my opinion..
there are many reasons not to use Bitcoin. the first reason is that many people dont trust the bitcoin. a larger population is composed of watchers. people who just wait and watch what will happen, they fear being the first to dive into something. another reason is that no one is being paid using this bitcoins, how do they acquire them? the process is too complicated for many people. My local supermarket doesn't accept bitcoins, if they did then most people would use them. Most people who have bitcoins have them only as an investment but not to transact, if people hold them that much then the flow is not good. thanks
Before trusting bitcoin people must know what is bitcoin. I believe the lack of knowledge on bitcoin is the bigggest stopping off people using bitcoin.
People will hold bitcoin until they get some profit. Holding bitcoin will not affect the flow bitcoin as lot of bitcoin are in flow and lot of bitcoin are generated in every 10 minutes.
there are many reasons not to use Bitcoin. the first reason is that many people dont trust the bitcoin. a larger population is composed of watchers. people who just wait and watch what will happen, they fear being the first to dive into something. another reason is that no one is being paid using this bitcoins, how do they acquire them? the process is too complicated for many people. My local supermarket doesn't accept bitcoins, if they did then most people would use them. Most people who have bitcoins have them only as an investment but not to transact, if people hold them that much then the flow is not good. thanks
Well per example my mom, I tell her what is Bitcoin, how you get it, how it works.
Ans she still don't get it. So that's is why people don't get BTC.
Ans she still don't get it. So that's is why people don't get BTC.
It needs some good explanation. Maybe a little good conversation while having coffee. Or, you can send your Mom some bitcoins then tell her how you can spend this and how you can earn some of this. That will be a good start. If people see that they can spend this kind of money in real world that will be the time where they will be interested in something.
People must know and search about bitcoin to know it deeply ,the same happen with internet just some were able to use it ,now most of the people use it.Soo i suppose we are forcing people to get into bitcoin before they ready to enter,soo give time to time bitcoin will be making only 7 years.
Well per example my mom, I tell her what is Bitcoin, how you get it, how it works.
Ans she still don't get it. So that's is why people don't get BTC.
Ans she still don't get it. So that's is why people don't get BTC.
Bitcoins have always been simple and easy. But, still some people are afraid to use it and prefer staying over fiat. Here are some reasons.
(1) Bitcoins are used for illegal purposes too by illegal people for buying porn , selling drugs.
(2) They still feel that online transactions and wallet is not good (old minded thinking)
(3) Bitcoins usage is illegal in their country-- like in Russia and Taiwan.
(1) Bitcoins are used for illegal purposes too by illegal people for buying porn , selling drugs.
(2) They still feel that online transactions and wallet is not good (old minded thinking)
(3) Bitcoins usage is illegal in their country-- like in Russia and Taiwan.
I think fear. U'd be a bit of adventurer to use this currency
I believe the biggest reason besides lack of knowledge is fear, people are afraid of change, plus the fact that bitcoin are not physical unlike printed or minted currency. The average individual doesn't understand how digital currency works even though their own governmental currency is basically digital. The tangible will overshadow the intangible even if it is just an illusion.
Exactly this! People are very afraid of change and even more when that change involves their finances. Simple as that. That's why Bitcoin will need much more time to prove itself and to earn the confidence from everyone. Also it will need to improve much more on its design, features, etc..
another reason, it's because some do not know about the advantages(low fees) and some simply think that fiat can do everything already, they do not see it as a real alternative to usd or euro
can you blame them?
can you blame them?
I believe the biggest reason besides lack of knowledge is fear, people are afraid of change, plus the fact that bitcoin are not physical unlike printed or minted currency. The average individual doesn't understand how digital currency works even though their own governmental currency is basically digital. The tangible will overshadow the intangible even if it is just an illusion.
Right. People are looking for something to hold physically. And that is what government money is. You can hold it and you can use it anytime you want. Knowledge! That is what is missing. For those who have some extra funds they dont want to risk their physical money and putting it online currency. They would rather put it in some investment like mutual funds or some equities.
Really need some knowledge when you want to let yourself in with Bitcoin.
I believe the biggest reason besides lack of knowledge is fear, people are afraid of change, plus the fact that bitcoin are not physical unlike printed or minted currency. The average individual doesn't understand how digital currency works even though their own governmental currency is basically digital. The tangible will overshadow the intangible even if it is just an illusion.
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