Topic: What's stopping people from using bitcoin? - page 39. (Read 202139 times)

Except Japan though. From what I heard, Japan's media has quite a good support towards bitcoin and I do think China does the same. It is usually the western countries that has never really shown much support on bitcoins.

I think People are not using bitcoin due to ignorance or because they are not aware of its existence.There are also people who are afraid to use technology when it comes to money.There still are millions of people who dont use credit card as well

I think People are not using bitcoin due to ignorance or because they are not aware of its existence.There are also people who are afraid to use technology when it comes to money.There still are millions of people who dont use credit card as well

yeah maybe people are more comfortable using fiat and then they were reluctant to join in bitcoin. there may be the reason. but it seems like only a few people. because bitcoin is not too well known. so the reason is still very rare

Maybe it's because people are afraid to change. And conversion is still a bit hard if you don't know how to do it properly.

I think that main thing that stops prople from using bitcoins is because bitcoin is still new so they don't k ow much about it

And also it might be that people  don't buy and use bitcoins because their price is large and they think that they need to buy whole bitcoin

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?

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?

I think that the dark web association with bitcoin is why some people are reluctant to use bitcoin as a payment method. They think that it is illegal to use bitcoin while it is really not.

Some countries also ban bitcoin usage, which could be another reason.

It's why we need to teach them about bitcoin and giving some knowledge and information about bitcoin. and bitcoin regulate is important can make everyone is interesting to join or try bitcoin.

Exactly the reason, most of the people are worried that they dont know how bitcoins work and how they regulate. Hence most people are worried and try not to use bitcoins and those who took time to understand how it works are enjoying now.

For most people bitcoin seems to be dangerous. It's online money and people don't fully understand or trust online.
Think about the hacks/ criminals that happen. Most people are just scared.

If the newbies are getting scammed then its their issue that they invested in ponzi schemes and for that you cannot blame bitcoin, you need to do great level of research before investing.

From a newbie who got introduced to bitcoin because I wanted to buy 'something' that only accepts bitcoin .. I didn't like the experience at all and I'm a computer programmer by profession so I'm comfortable with technology.

Here's my initial experience - I went about buying bitcoin, researched about wallets then read about warnings people gave - I don't know whether they are common threats / outdated info :
- Use paper or cold storage or else my bitcoins might get stolen - use a LiveCD, offline transaction signing, another PC/Laptop that has never been connected to the Internet
- when you send to someone, better create a new wallet 'offline' wallet since the keys have now been used (I believe Hot Key is the term)
- Oh have a 'Change Address' or else your bitcoins might get lost
- Never store your bitcoins with Exchanges in case they steal it or worst close up like Mt Gox

In the end, what I did was buy the exact bitcoins I needed, send to my phone wallet then paid. Oh and by the way, here in Australia, in order to buy bitcoins I needed to verify my identity to an exchange - as in send driver's license info, a utility address, passport etc (not sure if this is the case with other countries).

Anyway, I saw bitcoin as a good investment so bought some when they were 700 Australian dollars - here are the steps I did based on the recommendations I've read :
- download Tails and create Live USB
- download offline bitaddress from github
- disconnected my printer from Wifi, looked for my USB printer connector to print the paper wallets
- did all transfers from the bitcoin exchange to my paper wallet via Tails Live USB in case my windows PC has some sort of bitcoin stealing malware
- store my paper wallet never to be used until the day I decide to cash out
- all this on top of having to join an exchange in the first place

You can say that there's a similar 'bottleneck' with banks - that they also verify your details - but for banks, most working people already have them set uo to get their salary.
OR I can ignore and just use wallets as normal, but just read the internet and all those warnings are always there.

I also invest in stocks/funds using an online broker, using my home/work PC and my phone. I never had to worry about all these "offline transactions/offline storage/needing LiveUSB" with PayPal or CC.
If I ever have my CC get stolen and used illegally I can revert them with my bank.
My PayPal that I used for eBay buyers that sent me wrong / broken products I've gotten my money back.
My money is safely stored with my bank - yeah there's a small possibility banks can close but some of my money is insured.

So for the near future, I will keep using PayPal / CC and just use bitcoin as an investment (again in a paper wallet generated via Tails LiveUSB while offline - printed with an offline printer and stored several copies around like the days before the Internet was invented).

I guess it's the irreversibility that is stopping people from using bitcoin, however, it is the thing that attracts people to bitcoin as well. The problem with newbies is that they are easily scammed.

It's not a good feeling to get scammed, so they stop using BTC.