Topic: What's stopping people from using bitcoin? - page 162. (Read 202161 times)
A lack of knowledge about even the existence of Bitcoin keeps a majority of consumers away. For the rest of us - there are some who know but don't bother simply because it's more effort to buy Bitcoins and then spend them than just use your credit card to buy whatever you want to buy. It might cost a bit more in terms of fees - but people are always willing to pay a small premium for convenience.
i think it is partly because of ignorance and partly because of fear.
the ignorance because they don't see the potential of bitcoin and how it can change our lives and the fear because of the unstable market and the big swing arounds.
the ignorance because they don't see the potential of bitcoin and how it can change our lives and the fear because of the unstable market and the big swing arounds.
Based on my experience, here are the reasons :
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2. It's annoying to wait for a confirmation or more, especially you are in hurry
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5. Buy/sell bitcoin is too difficult & expensive (many fees)
2. Many stores do not require confirmations unless you are on a digital store. Still the fees are considerably lower than debit card etc.-snip-
2. It's annoying to wait for a confirmation or more, especially you are in hurry
-snip-
5. Buy/sell bitcoin is too difficult & expensive (many fees)
5. Circle and coinbase etc allows easier buying and selling of Bitcoins at low fees. It isn't too expensive to get a small amount of Bitcoins even at ATMs. A more prominent problem is the lack of ease to buy Bitcoin as opposed to fees.
lacking of knowledge of fiat money is the major reason that people don't use bitcoin. Everyone that understand fiat money scam has already adopted bitcoin
Can't use Bitcoin as USD .
Hard to buy
Not so popular in world ..
you can simply use bitcoin debit card as bit-x or xapo have, they'll simply change your bitcoin into USD/EUR when you gonna checkout some stuff on the stores,more likely visa card (it have visa logo)Hard to buy
Not so popular in world ..
Unfortunately , Bit-x is'nt available in my country
that's why its useless for me . legendary
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Can't use Bitcoin as USD .
Hard to buy
Not so popular in world ..
you can simply use bitcoin debit card as bit-x or xapo have, they'll simply change your bitcoin into USD/EUR when you gonna checkout some stuff on the stores,more likely visa card (it have visa logo) Hard to buy
Not so popular in world ..
Can't use Bitcoin as USD .
Hard to buy
Not so popular in world ..
Hard to buy
Not so popular in world ..
Me and my friends are just waiting for a lower price to buy and then we want to dump it to earn fiat. Nobody want's to use it because it's easier to use paypal.
Most of people do not use bitcoin because they dont have bitcoin.Regular traditional job still do not pay in bitcoin,earning bitcoin in part time is not possible for everyone because of limited availability of such jobs for all type of skills.Faucet can never give you any considerable amount of bitcoin.Who wouldn't use if he has something valuable in possession?. So how are they suppose to use something which they dont have?.The only option left to them is buying btc but maybe due to high volatility of its prices,they hesitate to go for this option
Bitcoin lacks regulation which makes interested believe that it is merely a ponzi scheme like other digital currency. However, with too much regulations, people would be less interested as regulations display Bitcoin as a very risky investments and limits the methods one can buy Bitcoin with.
One of the reasons is because Bitcoin costs money to acquire (more than it's value) due to exchange fees, bank fees, etc.
It's just not worth it for most people.
It's just not worth it for most people.
Yup. It's a totally pointless process to pay for something so you can pay for something. You want some super cool item? You have to buy your bitcoin with a card, er, why not buy the item with the card. Or you have to dick around with verifications, wait for bank transfers or meet some guy in a coffee shop and pay him a premium. It doesn't make any sense.
Paying out in Bitcoin would be the key to increasing usage. Doesn't have to be wages. It could be via gift cards, cashback, change. If it arrives in peoples' hands without having to grind for it, that's when they'll pay attention.
One of the reasons is because Bitcoin costs money to acquire (more than it's value) due to exchange fees, bank fees, etc.
It's just not worth it for most people.
It's just not worth it for most people.
The 1 MB blocksize limit limits how many poeple can use Bitcoin.
Wrong. Real usage has never pushed the 1MB blocksize. If there was real demand that was pushing the 1MB blocksize, things would be different. The only times 1MB blocksize has been somewhat pushed is by temporal and non real-use spam attacks.
well he is talking about real adoption , imagine with 1B people using bitcoin, do you really think that 1MB would suffice? sidechain is just a complex option for average people, i dunno if they could ever use it if a large % can not understand bitcoin yet...
People use most of the things in their lives without even knowing how thing are functioning so I don't see any problem here. Do you think people know how email actually works or how Web pages are written and what technology are they using?
No. All the average Joe out there cares about is an end result and confidence that promised will happen. That's it, nothing else matters!
The 1 MB blocksize limit limits how many poeple can use Bitcoin.
Wrong. Real usage has never pushed the 1MB blocksize. If there was real demand that was pushing the 1MB blocksize, things would be different. The only times 1MB blocksize has been somewhat pushed is by temporal and non real-use spam attacks.
well he is talking about real adoption , imagines with 1B people using bitcoin, do you really think that 1MB would suffice? sidechain is just a complex option for average people, i dunno if they could ever use it if a large % can not understand bitcoin yet...
I think the reason is why people stop using bitcoin because of there's to many scam site and low paying job I think thats the reason...
I couldn't agree more. Bitcoin seems to be attracting more and more thieves everyday. It's beginning to live up to its bad reputation. It's sad that such an awesome technology's most useful application is dealing in illicit activities....
The 1 MB blocksize limit limits how many poeple can use Bitcoin.
Wrong. Real usage has never pushed the 1MB blocksize. If there was real demand that was pushing the 1MB blocksize, things would be different. The only times 1MB blocksize has been somewhat pushed is by temporal and non real-use spam attacks.
The so called stress test pushed to the limit of 1MB. Otherwise we are safe until the middle of next year.
I believe the blocksize should increase 2MB every year. That is when side chains become popular. Otherwise, the blocksize should be even higher.
you know what? let me share my experience from last 2 days:
* I was unable to send bitcoin from my Mycelium IOS wallet due to "Invalid transaction" bug, so I had to use recovery seed and import wallet tu multibit.
* I was unable to withdraw my fiat from Bitstamp, because some relay bank for transfer is in my case part of Raiffeisen Banking Group, which is blocking bitcoin related transfers
also waiting time for first confirmation is madness time to time..
* I was unable to send bitcoin from my Mycelium IOS wallet due to "Invalid transaction" bug, so I had to use recovery seed and import wallet tu multibit.
* I was unable to withdraw my fiat from Bitstamp, because some relay bank for transfer is in my case part of Raiffeisen Banking Group, which is blocking bitcoin related transfers
also waiting time for first confirmation is madness time to time..
The reason people aren't using BTC IMO is that there is no specific incentive to do so, yes there are companies accepting BTC but they are still a small amount compared to those accepting creditcards/cash and even though the fees associated with using BTC are significantly lower that still isn't a large enough motive to use it for most people, most of the people are using BTC as a commodity rather than money.
Gresham's law.
After these improvement of bitcoin world, people will use bitcoin in the future. Will you stop to use dollar or euro? It is a kind of money so people will use it as a kind of money.
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