What's stopping people from using the first automobile or prototype of anykind?
Nothing, some may understand the meaning in the sentance & some may not, just a thought.
Topic: What's stopping people from using bitcoin? - page 163. (Read 202161 times)
Well I would presume that everything is faster when being paid for with fiat or credit cards. We live in a fast society and if the recent blockchain malleability attack was to once again happen it would make a slow system even worse.
The 1 MB blocksize limit limits how many poeple can use Bitcoin.
The issues that bitcoin currently has will ultimately be solved and eradicated by other blockchain based applications and protocols
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 1 MB blocksize limit limits how many poeple can use Bitcoin.
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...
Maybe it's because other payment methods(credit cards. Paypal/Apple Pay, etc) are good enough, so why choose the complex Bitcoin?
The volatility of the price. If the price is not steady, we will not hold and use bitcoin as we do not know the purchasing power tomorrow.
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so many reason, for example: they got bored , they think they dont need bitcoin anymore, they think that bitcoin dont have bright future (i believe bitcoin have bright future)
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?
In my opinion, what it stopping most people is that you pretty much have to buy Bitcoin in order to get some, and that does not have an apparent benefit (articles cost the same in Bitcoin, save in some sites that are not that easy to use), and you have to go through some pain only to buy them (transfers, escrows or giving personal data etc.)
More bitcoin earning opportunities (I mean more direct earning opportunities) will make it more successful.
In my opinion there are two big hurdles at the moment! First is that it's still very complicated to obtain bitcoins. Yes, all of the verifications, certain payment methods not allowed, etc. People have used to just getting their credit card and buying whatever they want in less than 5 minutes online.
Second hurdle is the way to secure your coins/all the scams that are connected to the Bitcoin ecosystem. It's still very hard to secure coins and to sleep tight during the night will they be there the next morning. I am talking here about the new people. All scams that have happened are just adding anxiety to the newbies.
Second hurdle is the way to secure your coins/all the scams that are connected to the Bitcoin ecosystem. It's still very hard to secure coins and to sleep tight during the night will they be there the next morning. I am talking here about the new people. All scams that have happened are just adding anxiety to the newbies.
According to me, these are the major reasons why people don't use bitcoins.
1. Anonymity: The currency is anonymous and not many do prefer using a currency that isn't legally recognized.
2. Use of bitcoins: People who are new to this currency don't see any way of using this currency as it's not accepted as a payment method compared to PayPal and Debit cards. They feel it isn't worth owning bitcoins as you need to convert it by selling it for another payment method to get fiat cash.
3. Negativity: There are many news articles which claim bitcoins as a currency used for criminal activities. This makes people refrain from using it.
4. Price: It's risky to hold bitcoins as the price keeps fluctuating a lot and isn't stable.
1. Anonymity: The currency is anonymous and not many do prefer using a currency that isn't legally recognized.
2. Use of bitcoins: People who are new to this currency don't see any way of using this currency as it's not accepted as a payment method compared to PayPal and Debit cards. They feel it isn't worth owning bitcoins as you need to convert it by selling it for another payment method to get fiat cash.
3. Negativity: There are many news articles which claim bitcoins as a currency used for criminal activities. This makes people refrain from using it.
4. Price: It's risky to hold bitcoins as the price keeps fluctuating a lot and isn't stable.
People struggle to understand that most of their fiat curreny is virtual/digital, so i'm not surprised that the general public struggle to understand the concept of digital currency
Just like everything, it will take time. Alot of consumer education will have to take place, and alot of brushing up needs to occur in terms of how bitcoin is being presented to the public
Just like everything, it will take time. Alot of consumer education will have to take place, and alot of brushing up needs to occur in terms of how bitcoin is being presented to the public
Most people are waiting for other to do everything needed to put Bitcoin in a better daylight. But we as community can also do something. Readings, meetings, etc. All this can help making the average Joe's aware of what the benefits are compared to current fiat currencies. I have introduced Bitcoin to several people and they like the idea, the only let down for them is the high volatility.
I'm wondering what's stopping people from using bitcoin?
devaluation
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.
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?
No, the price is not stable and that's one of the main reasons people avoid using BTC. If you are talking about more than a year period, the price was fluctuating from $177 to $430 per BTC. And that is not what's called stable.
one reason i can think of is that its kinda hard to buy bitcin anonymously, so when we tell people that bitcoin is anonymous people don't believe that because they see that to buy bitcoin they have to get id verified and stuff.
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?
Average people only begin to use something when it is recommended to them by people that they know and respect on a personal level.
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.
The blockchain has yet to find this kind of self promoting application, but once it does, bitcoin will take off exponentially
one thing for sure, is : people are waiting for a better price to spend their coin, because thei want the best value out of their coin
its future deflationary value, is causing this, so until everyone is satisfied about the price that is his target, there won't be much usage, it's an holding + random trading right now
its future deflationary value, is causing this, so until everyone is satisfied about the price that is his target, there won't be much usage, it's an holding + random trading right now
You're asking a very complex question. This question can not be answered with a reason or two. There are many factors in play. Maybe Bitcoin is still too complex for some people. Besides, the majority are ignorant and closed-minded (change is hard to accept).
what you are telling is true peoples of majority are which dont want to accept the new things in life , until it becomes more famous then they will try as they dont want to risk anything, in my view after 10 years what about 2025 we can see that majority of public who uses internet for everything will start using bitcoin, as they will get more things with bitcoin.
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