Topic: When will people feel comfortable using BTC ? - page 43. (Read 12274 times)
it need to be used for food at supermarket, before speaking about comforability
And I agree, one of the main reasons holding bitcoin back is the lack of conveniece in dealing with it. Traditional payment methods are used and accepted by the majority because it is so universal, and because it was there.
The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
Another reason why people hold bitcoin (and not spend it) is because it is a deflationary currency. People hope that it's price will rise in the future. Why would you spend coins today when they will be worth more tomorrow? The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
A good reason why bitcoin is not a good currency.
And I agree, one of the main reasons holding bitcoin back is the lack of conveniece in dealing with it. Traditional payment methods are used and accepted by the majority because it is so universal, and because it was there.
The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
Another reason why people hold bitcoin (and not spend it) is because it is a deflationary currency. People hope that it's price will rise in the future. Why would you spend coins today when they will be worth more tomorrow? The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
A good reason why bitcoin is not a good currency.
There will be situation it is better to use bitcoin than fiat using traditional banking system.
Sending money abroad, like the service WU and moneygram offered is one.
Paying merchant in another country using crypto currency is another good reason.
And I agree, one of the main reasons holding bitcoin back is the lack of conveniece in dealing with it. Traditional payment methods are used and accepted by the majority because it is so universal, and because it was there.
The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
Another reason why people hold bitcoin (and not spend it) is because it is a deflationary currency. People hope that it's price will rise in the future. Why would you spend coins today when they will be worth more tomorrow? The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
A good reason why bitcoin is not a good currency.
And I agree, one of the main reasons holding bitcoin back is the lack of conveniece in dealing with it. Traditional payment methods are used and accepted by the majority because it is so universal, and because it was there.
The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
Another reason why people hold bitcoin (and not spend it) is because it is a deflationary currency. People hope that it's price will rise in the future. Why would you spend coins today when they will be worth more tomorrow? The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
when it becomes less geeky. just go talk about it to the avg joe and they'll think of it as play money. it is so out of their realm.
Make it easier to use secure and store
Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
This.Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
I believe the future of bitcoin is as a back end system to transfer IOUs of cash. For instance: a customer pays in $ with debit card, but the money transfer is the equivalent amount in bitcoin from the customer's bank to the merchant's. The merchant bank debits the merchant's account with $. Should the bank have liquidity problems, it should have a right to instantly sell those bitcoin to the customer's bank for $
I think that the reason bitcoin is not more widely used is due to the fact that there are not many places to spend it and that there are semi-high barriers to purchase bitcoin. Bitcoin ATMs are solving this problem, but they are not widespread enough so that a huge difference can be made. (excluding ATMs) In order for a person to buy bitcoin they need to sign up for an account on an exchange, go through the AML process, deposit fiat at the exchange then buy the bitcoin. Alternatively they could go on local bitcoins, find a face to face trader, find a place that is mutually convenient for both of you, find a time that is good for both of you, meet, and trade fiat for bitcoin.
And the transaction cost for bitcoin for local trade is rather high.
I think what he meant is that on localbitcoins, the price of bitcoin is usually higher than the market average. That certainly put ME off from trading bitcoins there.
In my experience if you want to trade right away on localbitcoin you will need to pay somewhat of a spread verses the exchange price. If you are willing to wait some time then you will generally receive that spread
And I agree, one of the main reasons holding bitcoin back is the lack of conveniece in dealing with it. Traditional payment methods are used and accepted by the majority because it is so universal, and because it was there.
The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
The best way to encourage adoption is to set up a business that deals with BTC and caters to your local market.
Me and a bunch of my friends are setting up a business just for that!
Make it easier to use secure and store
Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
This.Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
I believe the future of bitcoin is as a back end system to transfer IOUs of cash. For instance: a customer pays in $ with debit card, but the money transfer is the equivalent amount in bitcoin from the customer's bank to the merchant's. The merchant bank debits the merchant's account with $. Should the bank have liquidity problems, it should have a right to instantly sell those bitcoin to the customer's bank for $
I think that the reason bitcoin is not more widely used is due to the fact that there are not many places to spend it and that there are semi-high barriers to purchase bitcoin. Bitcoin ATMs are solving this problem, but they are not widespread enough so that a huge difference can be made. (excluding ATMs) In order for a person to buy bitcoin they need to sign up for an account on an exchange, go through the AML process, deposit fiat at the exchange then buy the bitcoin. Alternatively they could go on local bitcoins, find a face to face trader, find a place that is mutually convenient for both of you, find a time that is good for both of you, meet, and trade fiat for bitcoin.
And the transaction cost for bitcoin for local trade is rather high.
I think what he meant is that on localbitcoins, the price of bitcoin is usually higher than the market average. That certainly put ME off from trading bitcoins there.
Its a bit pointless when they always have to translate the fiat value at that moment into the bitcoin cost and it can be so vastly different from day to day.
In that respect nothing can ever have a meaningful bitcoin value(cost) assigned to it.
If it is always translated back to some to some tangible reference point outside of bitcoin to be valued.
In that respect nothing can ever have a meaningful bitcoin value(cost) assigned to it.
If it is always translated back to some to some tangible reference point outside of bitcoin to be valued.
Make it easier to use secure and store
Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
This.Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
I believe the future of bitcoin is as a back end system to transfer IOUs of cash. For instance: a customer pays in $ with debit card, but the money transfer is the equivalent amount in bitcoin from the customer's bank to the merchant's. The merchant bank debits the merchant's account with $. Should the bank have liquidity problems, it should have a right to instantly sell those bitcoin to the customer's bank for $
I think that the reason bitcoin is not more widely used is due to the fact that there are not many places to spend it and that there are semi-high barriers to purchase bitcoin. Bitcoin ATMs are solving this problem, but they are not widespread enough so that a huge difference can be made. (excluding ATMs) In order for a person to buy bitcoin they need to sign up for an account on an exchange, go through the AML process, deposit fiat at the exchange then buy the bitcoin. Alternatively they could go on local bitcoins, find a face to face trader, find a place that is mutually convenient for both of you, find a time that is good for both of you, meet, and trade fiat for bitcoin.
And the transaction cost for bitcoin for local trade is rather high.
(Prices are just an example)
When you go to gas station and fill the tank for 0.1 BTC...
When you see a needy guy and give it 1000 DOGES...
When you need a gun and pay 100 DARKcoins...
When everybody around the globe start buying robots for home maintenance
When goods and services are priced as BTC, people get pay by BTC. The value of dollar is measured by bitcoin. Bitcoin is not seen as appreciating asset.When you go to gas station and fill the tank for 0.1 BTC...
When you see a needy guy and give it 1000 DOGES...
When you need a gun and pay 100 DARKcoins...
When everybody around the globe start buying robots for home maintenance
but if all people are comfortable using bitcoin, bitcoin is free to use, what it is not going to destroy the currency of a country?
(Prices are just an example)
When you go to gas station and fill the tank for 0.1 BTC...
When you see a needy guy and give it 1000 DOGES...
When you need a gun and pay 100 DARKcoins...
When everybody around the globe start buying robots for home maintenance
When goods and services are priced as BTC, people get pay by BTC. The value of dollar is measured by bitcoin. Bitcoin is not seen as appreciating asset. When you go to gas station and fill the tank for 0.1 BTC...
When you see a needy guy and give it 1000 DOGES...
When you need a gun and pay 100 DARKcoins...
When everybody around the globe start buying robots for home maintenance
Make it easier to use secure and store
Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
This.Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
I believe the future of bitcoin is as a back end system to transfer IOUs of cash. For instance: a customer pays in $ with debit card, but the money transfer is the equivalent amount in bitcoin from the customer's bank to the merchant's. The merchant bank debits the merchant's account with $. Should the bank have liquidity problems, it should have a right to instantly sell those bitcoin to the customer's bank for $
I think that the reason bitcoin is not more widely used is due to the fact that there are not many places to spend it and that there are semi-high barriers to purchase bitcoin. Bitcoin ATMs are solving this problem, but they are not widespread enough so that a huge difference can be made. (excluding ATMs) In order for a person to buy bitcoin they need to sign up for an account on an exchange, go through the AML process, deposit fiat at the exchange then buy the bitcoin. Alternatively they could go on local bitcoins, find a face to face trader, find a place that is mutually convenient for both of you, find a time that is good for both of you, meet, and trade fiat for bitcoin.
And the transaction cost for bitcoin for local trade is rather high.
Make it easier to use secure and store
Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
This.Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
I believe the future of bitcoin is as a back end system to transfer IOUs of cash. For instance: a customer pays in $ with debit card, but the money transfer is the equivalent amount in bitcoin from the customer's bank to the merchant's. The merchant bank debits the merchant's account with $. Should the bank have liquidity problems, it should have a right to instantly sell those bitcoin to the customer's bank for $
I think that the reason bitcoin is not more widely used is due to the fact that there are not many places to spend it and that there are semi-high barriers to purchase bitcoin. Bitcoin ATMs are solving this problem, but they are not widespread enough so that a huge difference can be made. (excluding ATMs) In order for a person to buy bitcoin they need to sign up for an account on an exchange, go through the AML process, deposit fiat at the exchange then buy the bitcoin. Alternatively they could go on local bitcoins, find a face to face trader, find a place that is mutually convenient for both of you, find a time that is good for both of you, meet, and trade fiat for bitcoin.
Make it easier to use secure and store
Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
This.Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
I believe the future of bitcoin is as a back end system to transfer IOUs of cash. For instance: a customer pays in $ with debit card, but the money transfer is the equivalent amount in bitcoin from the customer's bank to the merchant's. The merchant bank debits the merchant's account with $. Should the bank have liquidity problems, it should have a right to instantly sell those bitcoin to the customer's bank for $
when BTC has a stable price 
when BTC accepted everywhere
when BTC has a "real / physic" form
when BTC has high value than their current currency state
when BTC accepted everywhere
when BTC has a "real / physic" form
when BTC has high value than their current currency state
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Make it easier to use secure and store
Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
Also to purchase should be as simple as go to exchange skip the verification process purchase and done
Or a direct debit from the account converted to Bitcoins.
Still a way away from that though
voted but for some reason the page crashed...
I voted the last option, I don't think I have ever gone without a 0 in my wallet. I hardly hoard my bitcoins
I voted the last option, I don't think I have ever gone without a 0 in my wallet. I hardly hoard my bitcoins
Problem right now is there are too many scammers targeting bitcoin holders as the scammers know the payment can not be reversed.
So long as this condition remain true and no authority to go after scammers, I personally will not feel comfortable using BTC.
So long as this condition remain true and no authority to go after scammers, I personally will not feel comfortable using BTC.
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