What's stopping people from using bitcoin? - page 29.

lexuz

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Me, myself and I

Quote from: Cresciuanto on June 30, 2016, 07:24:50 AM

Quote from: CryingMidget on June 30, 2016, 06:31:36 AM

Quote from: danherbias07 on June 30, 2016, 05:50:30 AM

Quote from: TemplarKnightUK on June 29, 2016, 07:07:55 AM

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

He trust the government more even if all the wrong doings of it are seen. Media can cover all their bad deeds inside the government but still some people can break into it and see everything they do.

I think Bitcoin still needing a lot of support and spreading the word everywhere, because it's noticed that many people still don't know anything about this crypto currency...

yes it is a fact but what to do with those people who know about bitcoin but still have no interest in bitcoin. i thing we should built their confidence level. i think the only reason that stop people from using bitcoin is the legalization problem. if this problem sold then people will get confidence and will invest their money there.

I guess too difficult to expect bitcoin will get legalization because the government can't control bitcoin this is a factor hitherto difficult to be resolved.

ajun96

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Quote from: Hide_ip112 on June 30, 2016, 02:54:44 AM

Quote from: Altcoinmoney on June 29, 2016, 11:52:41 AM

What is letting people not using the bitcoin is the bad name, a lot of media has really given the bitcoin a bad name.
People are thinking its only used by criminals...

Perhaps, but most people swallow the raw news that he got. This may be the beginning of where they will regret it in the future. This is not a problem for bitcoin, because there are still many people who have a mindset that is much more advanced than the people, the future of the bitcoin can already ascertained is very nice and good. So if anyone stopped using bitcoin, it would not be a problem

I think its not the reason. the media coverage of bitcoin is a lucrative advertising bitcoin indirectly and it is the promotion of bitcoin. come on who to trust with crap media now? I think people prefer to find out before they believe with media says. and I'm sure it's a great ad for bitcoin

Jmild1

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Quote from: Cresciuanto on June 30, 2016, 07:24:50 AM

Quote from: CryingMidget on June 30, 2016, 06:31:36 AM

Quote from: danherbias07 on June 30, 2016, 05:50:30 AM

Quote from: TemplarKnightUK on June 29, 2016, 07:07:55 AM

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

He trust the government more even if all the wrong doings of it are seen. Media can cover all their bad deeds inside the government but still some people can break into it and see everything they do.

I think Bitcoin still needing a lot of support and spreading the word everywhere, because it's noticed that many people still don't know anything about this crypto currency...

yes it is a fact but what to do with those people who know about bitcoin but still have no interest in bitcoin. i thing we should built their confidence level. i think the only reason that stop people from using bitcoin is the legalization problem. if this problem sold then people will get confidence and will invest their money there.

Well to those people that already knew it, isn't it easier to tell why bitcoin is important? Like we just need to get them curious and by that we need to let them know why bitcoin is a good advantage for them if they used it.

virtualkeybuyer

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Quote from: CryingMidget on June 30, 2016, 06:31:36 AM

Quote from: danherbias07 on June 30, 2016, 05:50:30 AM

Quote from: TemplarKnightUK on June 29, 2016, 07:07:55 AM

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

He trust the government more even if all the wrong doings of it are seen. Media can cover all their bad deeds inside the government but still some people can break into it and see everything they do.

I think Bitcoin still needing a lot of support and spreading the word everywhere, because it's noticed that many people still don't know anything about this crypto currency...

yes a lot of people do not know about that, in our country even the students of economics do not know that what is bitcoin, the business degree holders also do not know about that currency, it need more and more support to get success.

Cresciuanto

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Quote from: CryingMidget on June 30, 2016, 06:31:36 AM

Quote from: danherbias07 on June 30, 2016, 05:50:30 AM

Quote from: TemplarKnightUK on June 29, 2016, 07:07:55 AM

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

He trust the government more even if all the wrong doings of it are seen. Media can cover all their bad deeds inside the government but still some people can break into it and see everything they do.

I think Bitcoin still needing a lot of support and spreading the word everywhere, because it's noticed that many people still don't know anything about this crypto currency...

yes it is a fact but what to do with those people who know about bitcoin but still have no interest in bitcoin. i thing we should built their confidence level. i think the only reason that stop people from using bitcoin is the legalization problem. if this problem sold then people will get confidence and will invest their money there.

CryingMidget

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Quote from: danherbias07 on June 30, 2016, 05:50:30 AM

Quote from: TemplarKnightUK on June 29, 2016, 07:07:55 AM

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

He trust the government more even if all the wrong doings of it are seen. Media can cover all their bad deeds inside the government but still some people can break into it and see everything they do.

I think Bitcoin still needing a lot of support and spreading the word everywhere, because it's noticed that many people still don't know anything about this crypto currency...

danherbias07

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Quote from: TemplarKnightUK on June 29, 2016, 07:07:55 AM

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

He trust the government more even if all the wrong doings of it are seen. Media can cover all their bad deeds inside the government but still some people can break into it and see everything they do.

numismatist

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Quote from: TemplarKnightUK on June 29, 2016, 07:07:55 AM

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

"Madness" you say mentioning the government. Well, by my kind apologies just pointing out (you are from UK, right?) not all Govs are like that, like yours Cool

Superbitzz

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Quote from: serjent05 on June 29, 2016, 11:47:57 AM

Quote from: TemplarKnightUK on June 29, 2016, 11:27:16 AM

Quote from: eddyubachs on June 29, 2016, 11:15:22 AM

Quote from: romero121 on June 29, 2016, 10:19:42 AM

Quote from: fkvidar on June 29, 2016, 07:22:11 AM

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

To be quite frank, I've thought about this, and the volatility only really precludes those who would buy it as a speculative investment or inflationary hedge. Others who might buy it are the hobbyists (like stamp-collectors and, to a large extent, me).

Volatility and green lights are no barriers to the ordinary masses investing in bitcoin if only there were proper, tangible uses for the thing. I've been walking around the streets looking at merchants thinking "why don't you accept BTC". Especially the irksome ones who don't even accept VISA, either because they are tax evading or just plain dumb. But at essentially 6p per transaction where VISA only require about 2-3p, and even then merchants throw on all sorts of punitive measures like "50p extra charge; minimum £10,000,000... spend; etc", bitcoin just does not look feasible, sadly. Fees need to decrease; wait for Segwite; wait for off-chain solutions. And reduce the number of miners and things might improve. People have to be disincentivised to mine. But that may well come in 10 days' time.

I agree with you on this. And well the major thing that stopping people to use BTC is the access to internet. If you don't have internet you can't access BTC period. Though some try to be innovative and use bluetooth to create a transaction offline but the bottom line, still need the internet to connect to network and sync the transaction. And not all have access to INTERNET! I think I gone too literal on this lol.

i think in present time internet is not a big problem i think internet is available ever where but there are some other issues that stopping people from bitocin. of the reason is that if you earn bitcoin from a signature campaign. and then you convert your money into dollar or any other currency. they you are using bank for withdraw the banks wants the source of income what will you do then as bitcoin is not legal and there is no tax on bitoicn.

diodio5

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Quote from: MaritiJames3 on June 28, 2016, 08:38:14 AM

Some people are afraid that they will get hacked or something if they spend there own money to invest in to Bitcoin. I can understand that because the feeling of someone else stealing your money and not even knowing who it is is the worst feeling.

only for fear hacked I think it's not a good reason to get out of bitcoin even your bank account could have been mapped out by thieves or hackers right ? so I think you can solve this problem without the need to exit from bitcoin right?
You can add security to your wallet

Hide_ip112

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Quote from: Altcoinmoney on June 29, 2016, 11:52:41 AM

What is letting people not using the bitcoin is the bad name, a lot of media has really given the bitcoin a bad name.
People are thinking its only used by criminals...

Perhaps, but most people swallow the raw news that he got. This may be the beginning of where they will regret it in the future. This is not a problem for bitcoin, because there are still many people who have a mindset that is much more advanced than the people, the future of the bitcoin can already ascertained is very nice and good. So if anyone stopped using bitcoin, it would not be a problem

prtty2gal2

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Quote from: VERUMinNUMERIS on June 27, 2016, 05:42:26 PM

Ease of use and lack of secured hard wallets.

Ease of use : bitcoin is really much easier to use than other currencies, because you do not have to worry about reverse of your transactions. More over it is an advantage of bitcoins over fiats for online usage.

Lack of secure hard wallets : Hmmm don't know, but surely online wallets and desktop wallets are much more secured with your encryption.

co5hike

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Quote from: Altcoinmoney on June 29, 2016, 11:52:41 AM

What is letting people not using the bitcoin is the bad name, a lot of media has really given the bitcoin a bad name.
People are thinking its only used by criminals...

Those are the people with narrow mindsets and I really don't think that we should waste our time in thinking what people around us are thinking about bitcoin, better to move ahead and keep on earning.

Altcoinmoney

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What is letting people not using the bitcoin is the bad name, a lot of media has really given the bitcoin a bad name.
People are thinking its only used by criminals...

serjent05

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Quote from: TemplarKnightUK on June 29, 2016, 11:27:16 AM

Quote from: eddyubachs on June 29, 2016, 11:15:22 AM

Quote from: romero121 on June 29, 2016, 10:19:42 AM

Quote from: fkvidar on June 29, 2016, 07:22:11 AM

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

To be quite frank, I've thought about this, and the volatility only really precludes those who would buy it as a speculative investment or inflationary hedge. Others who might buy it are the hobbyists (like stamp-collectors and, to a large extent, me).

Volatility and green lights are no barriers to the ordinary masses investing in bitcoin if only there were proper, tangible uses for the thing. I've been walking around the streets looking at merchants thinking "why don't you accept BTC". Especially the irksome ones who don't even accept VISA, either because they are tax evading or just plain dumb. But at essentially 6p per transaction where VISA only require about 2-3p, and even then merchants throw on all sorts of punitive measures like "50p extra charge; minimum £10,000,000... spend; etc", bitcoin just does not look feasible, sadly. Fees need to decrease; wait for Segwite; wait for off-chain solutions. And reduce the number of miners and things might improve. People have to be disincentivised to mine. But that may well come in 10 days' time.

I agree with you on this. And well the major thing that stopping people to use BTC is the access to internet. If you don't have internet you can't access BTC period. Though some try to be innovative and use bluetooth to create a transaction offline but the bottom line, still need the internet to connect to network and sync the transaction. And not all have access to INTERNET! I think I gone too literal on this lol.

Mr.grin

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I think many people are disappointed with the increase in the price of bitcoin. Well, when they lose, they started selling bitcoin they have and begin to stop using bitcoin, but I guess when the bitcoin prices go up, they will start using bitcoin again

StoreBit

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Quote from: eddyubachs on June 29, 2016, 11:15:22 AM

Quote from: romero121 on June 29, 2016, 10:19:42 AM

Quote from: fkvidar on June 29, 2016, 07:22:11 AM

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

yes it is a fact that most of the people are not investing in bitcoin because bitcoin is not accepted by the government. bitcoin is still not legalize by the government. but still in present time we can see that as it is expected that in next few days the rate of the bitcoin is expected to be double so new people are investing in the world of bitocoin.

TemplarKnightUK

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Quote from: eddyubachs on June 29, 2016, 11:15:22 AM

Quote from: romero121 on June 29, 2016, 10:19:42 AM

Quote from: fkvidar on June 29, 2016, 07:22:11 AM

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

To be quite frank, I've thought about this, and the volatility only really precludes those who would buy it as a speculative investment or inflationary hedge. Others who might buy it are the hobbyists (like stamp-collectors and, to a large extent, me).

Volatility and green lights are no barriers to the ordinary masses investing in bitcoin if only there were proper, tangible uses for the thing. I've been walking around the streets looking at merchants thinking "why don't you accept BTC". Especially the irksome ones who don't even accept VISA, either because they are tax evading or just plain dumb. But at essentially 6p per transaction where VISA only require about 2-3p, and even then merchants throw on all sorts of punitive measures like "50p extra charge; minimum £10,000,000... spend; etc", bitcoin just does not look feasible, sadly. Fees need to decrease; wait for Segwite; wait for off-chain solutions. And reduce the number of miners and things might improve. People have to be disincentivised to mine. But that may well come in 10 days' time.

eddyubachs

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Quote from: romero121 on June 29, 2016, 10:19:42 AM

Quote from: fkvidar on June 29, 2016, 07:22:11 AM

Price volatility can be one of the reason for people not using bitcoin, as bitcoin is new in terms of an investment and the future is unpredictable, to be honest people don't have faith in bitcoin.

Agreed, most users have the same thinking. The price fluctuation happening without being stable for a long time is the major reason for which users hesitate to be a part of bitcoin.

That is one of the reason for sure and the other major factor is it hasn't received a green signal from the Government and if it does then we can find many new investors in future.

TemplarKnightUK

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Quote from: QuestionAuthority on June 29, 2016, 09:47:48 AM

Quote from: TemplarKnightUK on June 29, 2016, 07:07:55 AM

To quote a good friend of mine, "because it doesn't have the backing [I kid you not] of government if it fails: no FSCS protection, etc...".

Or, variously, "I trust the government"

Madness.

I don't trust the government. In most cases, I hate the government. However, I do trust them slightly more than some stranger (like Mark Karpeles), halfway around the world, holding my personal information (even drivers license, credit card or debit card info), running a business that may or may not be around tomorrow.

Very true; assume that if you don't hold the private keys to unspent outputs, they're not yours. I wouldn't give debit or credit card info anyway, but these things are all a question of due diligence.

Those who are better at it, just as with every day life, get more out of bitcoin

Those who aren't... buy cloud hashes...

Topic: What's stopping people from using bitcoin? - page 29. (Read 202160 times)