Why consumers are not adopting BTC - page 5.

Ruthful

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Quote from: cbeast on October 01, 2014, 06:15:35 AM

You can defend corporate America if you wish. I've left until it returns to being the free state of my childhood.

Unfortunately without any example of your stated issue there is absolutely no way we can confirm what you said as either fact or hearsay.

Wait Huh

,I'm defending corporate America? Can you point in which post does this happen?Funny , considering I'm not even American in the first place .

You know , we're really derailing this thread with our banter

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: Ruthful on October 01, 2014, 06:00:15 AM

Quote from: cbeast on October 01, 2014, 05:44:28 AM

[
Let's start with chemical manufacturing. You can be making a product that has good science behind it and a good customer base. Suddenly a lobbyist convinces legislators that claim one of the crucial ingredients may be carcinogenic. It then requires you to ship it as hazmat. Then you find out that some Fortune 100 company is now selling a similar product at Walmart and they don't have to pay large hazmat fees because they use common carriers rather than parcel services. The change in the law was not based in any good science, it was graft. That's just one agency. Then the EPA wants to put their nose into your business and some nobody bureaucrat decides that you are creating toxic waste. You offer to show them your process, but they're not interested. Instead they snoop around your land until they find some evidence of some chemical that may or may not have had anything to do with your business. Now you have an expensive lawsuit on your hands because some prosecutor wants to get promoted as a champion of the environment for political gain.

tl;dr America is toxic for business because China.

What case/incident is this? You example need citation.

It's probably in some law library somewhere. I couldn't care less if you believe me or not. I've lived long enough to see many such issues. I've been to almost every state. Look around the small desolate towns where businesses used to thrive. Even NYC had its soul sucked out by franchises that can afford lobbyists. It used to be full of small shops and boutiques. Now you can't throw a stone without hitting a Starbucks.

You can defend corporate America if you wish. I've left until it returns to being the free state of my childhood.

Ruthful

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Quote from: cbeast on October 01, 2014, 05:44:28 AM

[
Let's start with chemical manufacturing. You can be making a product that has good science behind it and a good customer base. Suddenly a lobbyist convinces legislators that claim one of the crucial ingredients may be carcinogenic. It then requires you to ship it as hazmat. Then you find out that some Fortune 100 company is now selling a similar product at Walmart and they don't have to pay large hazmat fees because they use common carriers rather than parcel services. The change in the law was not based in any good science, it was graft. That's just one agency. Then the EPA wants to put their nose into your business and some nobody bureaucrat decides that you are creating toxic waste. You offer to show them your process, but they're not interested. Instead they snoop around your land until they find some evidence of some chemical that may or may not have had anything to do with your business. Now you have an expensive lawsuit on your hands because some prosecutor wants to get promoted as a champion of the environment for political gain.

tl;dr America is toxic for business because China.

What case/incident is this? You example need citation.

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: Ruthful on October 01, 2014, 05:30:35 AM

Quote from: cbeast on October 01, 2014, 05:27:40 AM

Businesses that require expensive licenses, fees, and insurances in the name of public interest. Many industries have gone underground into black markets. Living in SEA, I see many industries that cannot exist in the USA anymore though they have consumer value.

Care to name those industries?

Let's start with chemical manufacturing. You can be making a product that has good science behind it and a good customer base. Suddenly a lobbyist convinces legislators that claim one of the crucial ingredients may be carcinogenic. It then requires you to ship it as hazmat. Then you find out that some Fortune 100 company is now selling a similar product at Walmart and they don't have to pay large hazmat fees because they use common carriers rather than parcel services. The change in the law was not based in any good science, it was graft. That's just one agency. Then the EPA wants to put their nose into your business and some nobody bureaucrat decides that you are creating toxic waste. You offer to show them your process, but they're not interested. Instead they snoop around your land until they find some evidence of some chemical that may or may not have had anything to do with your business. Now you have an expensive lawsuit on your hands because some prosecutor wants to get promoted as a champion of the environment for political gain.

tl;dr America is toxic for business because China.

Ruthful

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Quote from: cbeast on October 01, 2014, 05:27:40 AM

Businesses that require expensive licenses, fees, and insurances in the name of public interest. Many industries have gone underground into black markets. Living in SEA, I see many industries that cannot exist in the USA anymore though they have consumer value.

Care to name those industries?

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: Ruthful on October 01, 2014, 05:20:11 AM

Quote from: cbeast on October 01, 2014, 04:46:02 AM

People have been regulated out of businesses that built this civilization.

BTW

As off topic as it is ,this statement really do pique my interest.What are those businesses you speak of?

Businesses that require expensive licenses, fees, and insurances in the name of public interest. Many industries have gone underground into black markets. Living in SEA, I see many industries that cannot exist in the USA anymore though they have consumer value. Hell, they are even shutting down children's lemonade stands in the land of the free and home of the brave.

Ruthful

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Quote from: cbeast on October 01, 2014, 04:46:02 AM

People have been regulated out of businesses that built this civilization.

BTW

As off topic as it is ,this statement really do pique my interest.What are those businesses you speak of?

Ruthful

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Quote from: cbeast on October 01, 2014, 04:46:02 AM

People have been regulated out of businesses that built this civilization. Large corporations lobby legislators to bar competition in almost every industry. Bitcoin was not created to be a competitor for existing systems, it was created to make them obsolete. So you see, your question bears little relevance for Bitcoin users. If existing institutions want to survive the extinction event that Bitcoin will cause, then they will adapt to using it before their customers abandon them. I don't know what timetable you are comfortable with, but Bitcoin is here to stay long after you or I will have such conversations. Any corporation that wants to exist for the great-grandchildren to inherit will want to be part of the Bitcoin economy. But that's the funny thing about revolutions, they often take people by surprise and happen quite suddenly.

You know you really are not answering questions or offering explanation about your previous post, do you?Or at least you post don't seem to related to mine( the one you're quoting) or any of the points I raised, at all.

Corporations do and will( if bitcoin survives, this is an eventuality) accept bitcon.It doesn't really cost them anything to accept bitcoin(thanks to services like coinbase, bitpay etc) while added lot of benefits to them. Bitcoin will not end corporations, it'll be just another tool for them.The fact that they are opening up to bitcoin despite the marginal pressure to do so should surprise no one.

As for what timetable I'm comfortable with? Don't really know or care for that matter.I have no stake in bitcoin rise or demise,I'm just a curious observer.

It is still to early to do a forecast on the future of bitcoin (like all early technology).It could wildly succeed,moderately be successful, only useful for niche uses or be completely supplanted by something else entirely.

And no, revolutions never happen by surprise, there always tell tale sign of something brewing.

None of this is pertinent to the crux of this thread which is "why consumers aren't adopting BTC".

marife01

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There could be various factors. Like not yet aware of it, not all merchandises accepting it yet, cannot fully understand how it works or why it is a real currency, etc. Grin

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: Ruthful on October 01, 2014, 04:27:46 AM

Quote from: cbeast on October 01, 2014, 04:14:55 AM

You are asking a loaded question.I'll answer none of the above

Those are questions NEEDED answering if you want to convince general consumers to accept bitcoin.
If you can't/ won't answer them, then suit yourself.If matters really are simple , then bitcoin would've gone mainstream by now.

Quote from: cbeast on October 01, 2014, 04:14:55 AM

Bitcoin opens up entire new consumer markets that don't currently exist or at least haven't for a century.

Good to know , care to elaborate on those ? How much of this new market affects the general consumer?

People have been regulated out of businesses that built this civilization. Large corporations lobby legislators to bar competition in almost every industry. Bitcoin was not created to be a competitor for existing systems, it was created to make them obsolete. So you see, your question bears little relevance for Bitcoin users. If existing institutions want to survive the extinction event that Bitcoin will cause, then they will adapt to using it before their customers abandon them. I don't know what timetable you are comfortable with, but Bitcoin is here to stay long after you or I will have such conversations. Any corporation that wants to exist for the great-grandchildren to inherit will want to be part of the Bitcoin economy. But that's the funny thing about revolutions, they often take people by surprise and happen quite suddenly.

Ruthful

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Activity: 195

Merit: 100

Quote from: cbeast on October 01, 2014, 04:14:55 AM

You are asking a loaded question.I'll answer none of the above

Those are questions NEEDED answering if you want to convince general consumers to accept bitcoin.
If you can't/ won't answer them, then suit yourself.If matters really are simple , then bitcoin would've gone mainstream by now.

Quote from: cbeast on October 01, 2014, 04:14:55 AM

Bitcoin opens up entire new consumer markets that don't currently exist or at least haven't for a century.

Good to know , care to elaborate on those ? How much of this new market affects the general consumer?

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: Ruthful on October 01, 2014, 04:09:24 AM

Quote from: cbeast on October 01, 2014, 03:58:30 AM

Why consumers are not adopting BTC? Why is the middle class gone? Same answer: ignorance and apathy. The West embraced willful ignorance and got fat.

Let me repost my thoughts:

Currently there is no tangible benefit for retail consumers to adopt bitcoin. Not cost benefit(bitcoin isn't really cheaper), time saving( transaction confirmation ) nor is it hassle free( still not quite user friendly).What problem exactly does bitcoin solves for the brick and mortar retail consumer?

Should some (if not all) of those issues be resolved,then consumers might start to warm up to bitcoin.

You are asking a loaded question. I'll answer none of the above. Bitcoin opens up entire new consumer markets that don't currently exist or at least haven't for a century.

Daniel91

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I can think about a few reasons.
Many people still don't know about Bitcoin.
Many people are skeptical and afraid to spend money online.
Bitcoin is not mainstream yet and his value is very unstable.

Ruthful

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Quote from: cbeast on October 01, 2014, 03:58:30 AM

Why consumers are not adopting BTC? Why is the middle class gone? Same answer: ignorance and apathy. The West embraced willful ignorance and got fat.

Let me repost my thoughts:

Currently there is no tangible benefit for retail consumers to adopt bitcoin. Not cost benefit(bitcoin isn't really cheaper), time saving( transaction confirmation ) nor is it hassle free( still not quite user friendly).What problem exactly does bitcoin solves for the brick and mortar retail consumer?

Should some (if not all) of those issues be resolved,then consumers might start to warm up to bitcoin.

Lethn

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Yeah yeah, heard all that back in 2012 lol Tongue

Meanwhile in Bitcoin we're apparently in a 'slump' and it's priced at $384! lol! Tongue

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Why consumers are not adopting BTC? Why is the middle class gone? Same answer: ignorance and apathy. The West embraced willful ignorance and got fat.

Ruthful

full member

Activity: 195

Merit: 100

Quote from: Lethn on October 01, 2014, 03:41:01 AM

Japan is supposedly in a state of deflation right now and there have been many comments by mainstream economists and the Bank of Japan screaming about how horrible of a thing it is while of course failing to mention that it was their inflation that caused the problem in the first place.

Deflation in an economy that is designed optimally for inflation can wreak havoc on said economy.I think they were troubled by how it was negatively affecting consumer spending, productivity, putting pressure on wages(question of lowering wages to cope is a tinderbox of its own)etc.They blame this as one of the reasons for the erosion of Japan's economic power ( and global competitiveness).

Lethn

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Quote from: Ruthful on October 01, 2014, 03:36:47 AM

Quote from: sandykho47 on October 01, 2014, 03:13:24 AM

Deflation

I never see any fiat got deflation in a year

I think it does happened to quite a few countries.Japan had one not long ago( do they still have it?),I'm not sure if it symptom of the weak economy(It was during the Asian financial crisis) or one of the contributed to that state, all that I know was it was considered bad for the economy and the Japanese was quite alarmed by it( they were quite desperate to stop it).

Japan is supposedly in a state of deflation right now and there have been many comments by mainstream economists and the Bank of Japan screaming about how horrible of a thing it is while of course failing to mention that it was their inflation that caused the problem of ridiculously high prices in the first place.

Ruthful

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Quote from: sandykho47 on October 01, 2014, 03:13:24 AM

Deflation

I never see any fiat got deflation in a year

I think it does happened to quite a few countries.Japan had one not long ago( do they still have it?),I'm not sure if it symptom of the weak economy(It was during the Asian financial crisis) or one of the contributed to that state, all that I know was it was considered bad for the economy and the Japanese was quite alarmed by it( they were quite desperate to stop it).

Lethn

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I love how people are coming up with more visual ways to show you how much inflation affects everything.

Topic: Why consumers are not adopting BTC - page 5. (Read 7300 times)