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Topic: Why Is Mass Bitcoin Adoption Still Not Happening? - page 3. (Read 5835 times)

hero member
Activity: 518
Merit: 500
Trust me!
...
They'll simply not consider jobs paying bitcoin just as you won't consider working for someone who will pay you monopoly money.

I don't know why you wouldn't want to work for Bitcoin, I would definitely work for a fair amount of BTC. Monopoly money on the other hand can be reproduced arbitrarily and has no accepted value, thus I wouldn't work for it. But I guess I won't be able to convince you tonight Smiley
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

Basically, if bitcoin 'wants' to be a real currency I think the governments should start to accept it as currency for pay (or better receive) the taxes; but unfortunately bitcoin is decentralised so it will never go mainstream because the various govern. will not accept it as 'currency' .... instead they will ban it.


A couple of US states have tentative plans for that very type of use right now. It's only really a vehicle for transmitting USD to them but it's still a large stamp of legitimacy.
sr. member
Activity: 322
Merit: 250

Using a different address each time is advised for privacy reasons. I also think in the future, the layout of how things are done will change. What's stopping mainstream adoption is basically the fact there aren't jobs paid in BTC. For the average ignorant Joe, it's not going to be on their plans to exchange their hard earned wage for some foreign internet currency.
If you get the money directly in Bitcoin, you are more prone to get interested on it. For Bitcoin to become a legitimate currency, we need jobs that pay on it.

You realize that if they're not going to exchange their hard earned wage for some foreign internet currency, they're not going to exchange their hard work for some foreign internet currency either, right? They'll simply not consider jobs paying bitcoin just as you won't consider working for someone who will pay you monopoly money.
legendary
Activity: 1778
Merit: 1043
#Free market
Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.

you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed

Using a different address each time is advised for privacy reasons. I also think in the future, the layout of how things are done will change. What's stopping mainstream adoption is basically the fact there aren't jobs paid in BTC. For the average ignorant Joe, it's not going to be on their plans to exchange their hard earned wage for some foreign internet currency.
If you get the money directly in Bitcoin, you are more prone to get interested on it. For Bitcoin to become a legitimate currency, we need jobs that pay on it.


Basically, if bitcoin 'wants' to be a real currency I think the governments should start to accept it as currency for pay (or better receive) the taxes; but unfortunately bitcoin is decentralised so it will never go mainstream because the various govern. will not accept it as 'currency' .... instead they will ban it.
legendary
Activity: 1358
Merit: 1014
Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.

you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed

Using a different address each time is advised for privacy reasons. I also think in the future, the layout of how things are done will change. What's stopping mainstream adoption is basically the fact there aren't jobs paid in BTC. For the average ignorant Joe, it's not going to be on their plans to exchange their hard earned wage for some foreign internet currency.
If you get the money directly in Bitcoin, you are more prone to get interested on it. For Bitcoin to become a legitimate currency, we need jobs that pay on it.
legendary
Activity: 1762
Merit: 1011

you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed

This goes against the practice of avoiding address re-use.
legendary
Activity: 1778
Merit: 1043
#Free market
Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

Exactly! Bitcoin will stay only a valid alternative for send a large quantity of money (but also a little quantity) without spend a lot of fees.



...
I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.

Maybe it could be implemented a sort of alias system (like the nxt one).



....
you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed


But you should copy at least one time the address before save it in the personal address-book. However the problem, like I said previously it is only based on a 'non user-friendlyness' nothing else.

newbie
Activity: 15
Merit: 0
Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).

Maybe not in America and other first world countries. But in many third world countries, it may indeed be the standard someday.
newbie
Activity: 15
Merit: 0
Mass adoption is not happening because the bitcoin price/market capitalization is too low. If and when the price gets well into the thousands of dollars, then mass adoption has a chance. The price is having a hard time going up because it's still quite difficult for the average person to buy or take a long position in.

Sorry but that's not how it works. There's more adoption now at $220 USD than there was when it was +$1000 USD.

I agree there is more adoption now at $220 (now $215-ish) than there was when it was >$1000 USD. At $1000+, price was way ahead of itself (i.e. the amount of adoption at the time). Hence, price fell. Adoption is catching up (if not already caught up) to the current $220-ish price. Increased adoption and more adoption over time will stall out at some point  (and arguably is slowing down, at least at the moment) if the price doesn't go up much from here.
 
The build out of the ecosystem and price go hand-in-hand, although you may not see that in the short term or even intermediate term. Price isn't the only thing, but it is a long term critical component to mass adoption. Don't kid yourself into thinking price doesn't matter.

legendary
Activity: 3248
Merit: 1070
Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.

you know that copy-pasted is not needed right? there is the adress book...you can simply choose the address by clicking on "choose previously used address", so this is a non-issue for adoption...

it strange that it doesn't work if you put only the label, this should be fixed
hero member
Activity: 770
Merit: 509
Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.

I think in the future we'll not even see addresses as we see them now. It's just not intuitive having to copy paste all those long ass alphanumerical strings. I think Andreas mentioned this in some speech. Bitcoin may change a lot in the following years from now, before it goes mainstream.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

PAYWALL

All you gotta do is google the byline - u-k-man-arrested-on-charges-tied-to-may-2010-flash-crash-1429636758

and you usually end up on the article minus paywall.
legendary
Activity: 1260
Merit: 1008
well from my uniformed viewpoint...they just busted ONE GUY using COMPUTER TOOLS available in 2008 for making 40 million bucks from his home no less on the computer for the flash crash of 2008 (and wall street had controls at that time ...better ones now...but still)


so what do you think a WHALE on the bitcoin exchanges can do on a completely UNREGULATED wild wild west format to make fake sell walls etc (see tricks of the guy above) to show price always declining and play this again unregulated bitcoin market/exchanges down down and down on a whim..because as a huge ass whale in BTC they can?

http://www.wsj.com/articles/u-k-man-arrested-on-charges-tied-to-may-2010-flash-crash-1429636758


assuming things are going in the manner of what I say above and the link... has any merit of what I say ...seems to me it makes a lot more sense what is going on with BTC price

but then again I know zip (I at one time drank the BFL and KNC Kool Aid) so take anything I say with a 'block of salt"



PAYWALL
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).

Exactly, user-friendlyness is an important problem to solve. PC-based and also web wallets are still very hard to use for non-techies. Smartphone wallets are on a good way, but can still be improved. And security is another issue - I would still not recommend BTC to people with standard Windows PCs.
legendary
Activity: 1778
Merit: 1043
#Free market
Because it is not 'user friendly' some people have never used a credit card, or they don't have any knowledge about internet or how to use a smartphone or pc. For the moment I think bitcoin needs a real killer app... and it should be more user friendly (most important it should keep the decentralization).
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Mass adoption probably won't happen in a way we're expecting it to happen in. I don't think that it will a regular thing to pay for your coffee or dinner using BTC. It may become a way of paying for something online, but I do see it more as a backbone technology and asset of some sort (yet to be determined).

I think the same. Bitcoin (and cryptocurrency in general) has its market niche - eCommerce and remittances, but this niche is much larger than the amount of bitcoins used in it.

The great question affection "bitcoin" itself is what will happen to PoW: if the mining sector can be sustained by growth. If not, there surely will be an advantage for PoS, PoB or PoI coins (PPC, NXT, NEM, SLM etc.).
copper member
Activity: 2898
Merit: 1465
Clueless!
well from my uniformed viewpoint...they just busted ONE GUY using COMPUTER TOOLS available in 2008 for making 40 million bucks from his home no less on the computer for the flash crash of 2008 (and wall street had controls at that time ...better ones now...but still)


so what do you think a WHALE on the bitcoin exchanges can do on a completely UNREGULATED wild wild west format to make fake sell walls etc (see tricks of the guy above) to show price always declining and play this again unregulated bitcoin market/exchanges down down and down on a whim..because as a huge ass whale in BTC they can?

http://www.wsj.com/articles/u-k-man-arrested-on-charges-tied-to-may-2010-flash-crash-1429636758


assuming things are going in the manner of what I say above and the link... has any merit of what I say ...seems to me it makes a lot more sense what is going on with BTC price

but then again I know zip (I at one time drank the BFL and KNC Kool Aid) so take anything I say with a 'block of salt"

legendary
Activity: 1260
Merit: 1008
Mass adoption is not happening because the bitcoin price/market capitalization is too low. If and when the price gets well into the thousands of dollars, then mass adoption has a chance. The price is having a hard time going up because it's still quite difficult for the average person to buy or take a long position in.

Sorry but that's not how it works. There's more adoption now at $220 USD than there was when it was +$1000 USD.

Yeah, people will use bitcoin when it becomes stable or shows a healthy gradual (slow) increase (1-3% per year). This will convince people to buy in and hold bitcoin so they have it available for when they want to use it, but they don't fear the price completely crashing
sr. member
Activity: 336
Merit: 250
Mass adoption is not happening because the bitcoin price/market capitalization is too low. If and when the price gets well into the thousands of dollars, then mass adoption has a chance. The price is having a hard time going up because it's still quite difficult for the average person to buy or take a long position in.

Sorry but that's not how it works. There's more adoption now at $220 USD than there was when it was +$1000 USD.
newbie
Activity: 15
Merit: 0
Mass adoption is not happening because the bitcoin price/market capitalization is too low. If and when the price gets well into the thousands of dollars, then mass adoption has a chance. The price is having a hard time going up because it's still quite difficult for the average person to buy or take a long position in.
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