Why Is Mass Bitcoin Adoption Still Not Happening? - page 4.

ensurance982

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Quote from: Chef Ramsay on April 24, 2015, 02:19:47 PM

Whatever happened to that marketing campaign that the btc foundation in collusion w/ a bunch of others that they were embarking on. Seems like I read about this in the general or press subforum like w/i the last few months.

When I heard about the Foundation doing a marketing campaign I was kind of perplexed. They're usually known for doing all kinds of things without actually pushing Bitcoin's adoption. That campaign really seemed like a good idea. What are you implying, what happened to it? :/

minerpumpkin

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Quote from: Natalia_AnatolioPAMM on April 24, 2015, 02:40:14 PM

Quote from: minerpumpkin on April 24, 2015, 07:26:00 AM

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).

why not? having a kind of a credit card with bitcoins in there ,paying with or without any transactions

Because if you're using a credit card, you're not using Bitcoin per se. You can use a credit card that is backed by Bitcoin (like the Bit-X credit card), but you're not using the Bitcoin protocol that way, since with Bitcoin you can only 'push' money, but never 'pull' money. Credit cards work the other way around!

Amph

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Quote from: seoincorporation on April 24, 2015, 02:09:13 PM

Quote from: Cray4Cryptz on April 18, 2015, 12:39:14 AM

It has been 8 years since Bitcoin was introduced to the public by an individual who called himself as Satoshi Nakamoto. Bitcoin is described as a peer-to-peer decentralized digital currency that can be transferred to someone without any involvement of banks and other financial entities.

Bitcoin became a very interesting option for giving mobile banking services to the people who doesn't have any banking information in underdeveloped countries in the world.

Read more: http://bitforum.info/t/why-bitcoin-mass-adoption-is-still-not-happening/830

In your own opinion what are the reasons why mass bitcoin adoption is still not happening right now?

1.- We are now 7,310,400,000 of people in the world there is not enough bitcoin for all.
2.- People will start using bitcoin when it change to a necessity rather than an extra.
3.- Bitcoin users are not spreading the word by the right way. Bitcoin is a complex topic and not for all, bitcoin is for smart people and for technological people. We need to make it look easy for all the users.

between all those 7B people many are children and they don't need it other are woman they use it less, and old people too, let's say that in reality there is only 3B at max that could need bitcoin, now bitcoin is divisible up to 1/100M, therefore there are plenty of bitcoin for everyone, as long as the price will raise

the problem is only the price right now, i'm sure that with a better price there will be a better adoption, the latter follow the first

Natalia_AnatolioPAMM

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Quote from: minerpumpkin on April 24, 2015, 07:26:00 AM

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).

why not? having a kind of a credit card with bitcoins in there ,paying with or without any transactions

minerpumpkin

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Quote from: oblivi on April 24, 2015, 01:58:42 PM

Quote from: minerpumpkin on April 24, 2015, 01:17:10 PM

Quote from: AtheistAKASaneBrain on April 24, 2015, 08:36:03 AM

Quote from: minerpumpkin on April 24, 2015, 07:26:00 AM

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).

It's probably going to take a lot of marketing work to get it out there for the common pleb. Probably some celebrity using it and tweeting about it would make it really known amongst the non geek herd.

I don't think that people can be influenced that easily. There needs to be an incentive to use it. Marketing doesn't work how many people think it works. If it was enough to have some rich celebrities advertising your product, the Tidal music service wouldn't fail like it apparently does.

The Tidal comparative is a good one. However, some good ol marketing never hurts.
The great thing on Bitcoin is accepting payments as an entepreneur.. just look at this:

https://www.youtube.com/watch?v=_0dolA7NBbI

This girl for example, is selling her own clothes overcoming the banking hell, just with a simple BTC wallet.

It's very interesting to see which people opt to use Bitcoin. Many if them even had a bad encounter with banks at some point, while others simply admire the idea and technological possibilities behind Bitcoin. The example you're talking about is an interesting one! But I'd also like to see more instances with "regular" businesses so people see that you don't need to be someone "crazy" in irder to accept Bitcoin!

Chef Ramsay

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Whatever happened to that marketing campaign that the btc foundation in collusion w/ a bunch of others that they were embarking on. Seems like I read about this in the general or press subforum like w/i the last few months.

Biodom

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Quote from: minerpumpkin on April 24, 2015, 07:26:00 AM

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 that bitcoin price is low because people don't realize or value the fact that bitcoin is an unencumbered asset, similar to a piece of gold or cash in hand.
Mind you, this is not true if you hold GLD ETF instead of actual gold or GBTC stock instead of actual bitcoin.
Apart from mobility (you can send bitcoin, but probably not gold), people do not value bitcoin's properties.
The result is a low BTC price.

seoincorporation

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Quote from: Cray4Cryptz on April 18, 2015, 12:39:14 AM

It has been 8 years since Bitcoin was introduced to the public by an individual who called himself as Satoshi Nakamoto. Bitcoin is described as a peer-to-peer decentralized digital currency that can be transferred to someone without any involvement of banks and other financial entities.

Bitcoin became a very interesting option for giving mobile banking services to the people who doesn't have any banking information in underdeveloped countries in the world.

Read more: http://bitforum.info/t/why-bitcoin-mass-adoption-is-still-not-happening/830

In your own opinion what are the reasons why mass bitcoin adoption is still not happening right now?

1.- We are now 7,310,400,000 of people in the world there is not enough bitcoin for all.
2.- People will start using bitcoin when it change to a necessity rather than an extra.
3.- Bitcoin users are not spreading the word by the right way. Bitcoin is a complex topic and not for all, bitcoin is for smart people and for technological people. We need to make it look easy for all the users.

oblivi

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Quote from: minerpumpkin on April 24, 2015, 01:17:10 PM

Quote from: AtheistAKASaneBrain on April 24, 2015, 08:36:03 AM

Quote from: minerpumpkin on April 24, 2015, 07:26:00 AM

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).

It's probably going to take a lot of marketing work to get it out there for the common pleb. Probably some celebrity using it and tweeting about it would make it really known amongst the non geek herd.

I don't think that people can be influenced that easily. There needs to be an incentive to use it. Marketing doesn't work how many people think it works. If it was enough to have some rich celebrities advertising your product, the Tidal music service wouldn't fail like it apparently does.

The Tidal comparative is a good one. However, some good ol marketing never hurts.
The great thing on Bitcoin is accepting payments as an entepreneur.. just look at this:

https://www.youtube.com/watch?v=_0dolA7NBbI

This girl for example, is selling her own clothes overcoming the banking hell, just with a simple BTC wallet.

minerpumpkin

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Quote from: AmazonStuff on April 24, 2015, 08:54:27 AM

When I describe bitcoin to my friends, their usual argument against bitcoin is:
"Why would we spend time to exchange cash or credit card or money from the bank account for bitcoin and then to exchange bitcoin for a gift card in order to buy something, when we can use credit card and buy something in a second."

That's spot on. For most people there's no real incentive to use BTC (yet). It will never become a currency or payment system used for paying your day-to-day grocery shopping or buy a coffee somewhere. We have to concentrate on the things it can do really well: It's an open protocol for transferring wealth(!!!) this is actually incredible! I think it may still take some time for people to realize the true power of this idea and technology!

minerpumpkin

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Quote from: AtheistAKASaneBrain on April 24, 2015, 08:36:03 AM

Quote from: minerpumpkin on April 24, 2015, 07:26:00 AM

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).

It's probably going to take a lot of marketing work to get it out there for the common pleb. Probably some celebrity using it and tweeting about it would make it really known amongst the non geek herd.

I don't think that people can be influenced that easily. There needs to be an incentive to use it. Marketing doesn't work how many people think it works. If it was enough to have some rich celebrities advertising your product, the Tidal music service wouldn't fail like it apparently does.

pitham1

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Quote from: AmazonStuff on April 24, 2015, 08:54:27 AM

When I describe bitcoin to my friends, their usual argument against bitcoin is:
"Why would we spend time to exchange cash or credit card or money from the bank account for bitcoin and then to exchange bitcoin for a gift card in order to buy something, when we can use credit card and buy something in a second."

I usually try by responding that you can send as small an amount as $2 to somebody in Iran using Bitcoin. They usually don't have any use for that. So I show them how to gamble using bitcoins. Grin

thejaytiesto

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Quote from: AmazonStuff on April 24, 2015, 08:54:27 AM

When I describe bitcoin to my friends, their usual argument against bitcoin is:
"Why would we spend time to exchange cash or credit card or money from the bank account for bitcoin and then to exchange bitcoin for a gift card in order to buy something, when we can use credit card and buy something in a second."

This is also the case with my friends. They see is as stupid converting their money to buy the same stuff they can buy directly with cash/fiat/credit card. What they don't see is the huge advantages it gives you as an entrepreneur: creating an address vs having to create a bank account etc etc.

AmazonStuff

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When I describe bitcoin to my friends, their usual argument against bitcoin is:
"Why would we spend time to exchange cash or credit card or money from the bank account for bitcoin and then to exchange bitcoin for a gift card in order to buy something, when we can use credit card and buy something in a second."

AtheistAKASaneBrain

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Quote from: minerpumpkin on April 24, 2015, 07:26:00 AM

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).

It's probably going to take a lot of marketing work to get it out there for the common pleb. Probably some celebrity using it and tweeting about it would make it really known amongst the non geek herd.

minerpumpkin

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A pumpkin mines 27 hours a night

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).

muhrohmat

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well in my opinion and the jbrnt user its that we use comodities fiat also and we do trade them around i might use bitcoin for only 10% of my usual purchases or trades and the only advantage its the small and quick amounts traded but even paypal can do that soo its just like a alternative coin that can be putted into site of salles too.

Amph

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Quote from: ensurance982 on April 20, 2015, 06:35:39 AM

Quote from: bronan on April 20, 2015, 05:50:24 AM

Well if you look at what has been announced you should know that some people was investigating a blockchain as a backbone.
However they never mentioned they would use the bitcoin chain, and if i understood the news well they are totally not related to bitcoin.
So bitcoin would never gain any benefit from that backbone

The most important thing to consider: A blockchain can only be safe if there's enough incentive for people to mine it (therefore make it safe, to begin with). To have that incentive, there needs to be some reward. The tokens the blockchain uses need to have value - Bitcoin makes perfect sense.

this is an other reason why the price is important, and it's not just a side effect, the more high is the price the more miners will mine, and the more secure the network will be

chaoman

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Quote from: geetee on April 18, 2015, 12:12:31 PM

We're not doing it right. Or at least, 99% aren't doing it right. (purse.io may be the only company that understands the idea)

BTC has the ability to lower transaction costs, but instead almost all business that accept it, simply use it as an optional form of payment... Keeping the price the exact same...
dumb.

I cant wait for the day newegg and other merchants realize this and actually give me a discount for paying with BTC instead of credit cards.

$1000 laptop, paid with a credit card (1.9% fee) means the merchant keeps ~$981.
$1000 laptop paid with BTC = between 0%-1% fee; merchant keeps ~>$990.

Where's my .09% to 1.9% discount for paying in BTC???

Once merchants ~~realize~~ correct this imbalance, there will be real adoption, instead of just bitfinex speculative shorts.

TL;DR
Mass adoption will happen once you can actually save money using BTC to pay for things.

I agree. I was going to buy a vape and I saw the btc option to pay. It was the same price. So I was like here take this intrinically worthless free to print for govts paper money. Ill keep my btc thank you very much.

neurotypical

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Whenever a person here asks for why things are happening as fast as they expected, the very first bit of advice I give them is look up, and read on that nice light blue bar, where it says "News: Latest stable version of Bitcoin Core: 0.10.0 [Torrent]"

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