Topic: Why Is Mass Bitcoin Adoption Still Not Happening? - page 5. (Read 5776 times)

Forget surcharge, paying with discounts could result in discounts.
It is only a matter of time before merchants start transferring savings to consumers.
From their point of view, receiving bitcoins makes more sense than receiving money through Visa.

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.

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

There's really no reason for this surcharge, actually. I agree that Bitcoin still appears to be too technical to the regular person on the streets, but that's going to end as soon as Bitcoin is being used more as a backbone technology!

The reason why its not adopted as much as people would like to see, one of the reasoins is that most are technical people using it.
People like my friends and family do not come near bitcoin, they think its scary has huge risks and is way to complicated to use.
And lets be honest the adoption is also not something to be proud of only a few shops really accepted bitcoin
That microsoft has put a pay in bitcoin in the shop is a good thing, but that still does not solve the problem with gettting bitcoins.
See if i get out my bankcard i can pay instant with (ideal/mastercard) in shops, on the internet and even on markets  with this method. ( really in seconds )
Just pull the card and the merchants have a small device on the counter which handles the pays or they have a portable device.
The second thing about it is that there is minor security available if some of your funds gets stolen, then you can claim a payback at the bank or governement.

With bitcoin you have to have a receive address, then find an exchange to get bitcoin.
Then when you bought the bitcoin have to wait an enormous long time till it actually gets onto that address
After that you need to find out if you can securely pay the bitcoins from your deposit to the address which is for the merchant.
This merchant has to wait another long period of time that the bitcoins arrive and worse he can loose money because the value can change so fast that he might loose money, ofcourse if its going up they never would complain.
By the time this very nasty way of paying works you have spend a few hours getting funds at the place you want it.

So yes its a fast way of paying (international) if no hurry is involved compared to money orders done by banks (usually several days/weeks) depending where you send it  
For instance if i send money to england it will take about 1 to 3 days, if i send money to india it can take up to a 2 months.

Long story short for normal people to use btc its way too complex and poses too many risks for them and the merchants.
Thats why i pay much more for my btc payements than when i use my bankcard. If i order for example a laptop i pay at ideal 750 the same laptop with btc costs me 1000 euro thats including the exchange costs and the money transfers

Well no, first of all we'd have to go and define what we consider 'mass adoption' or what needs to be achieved at least to qualify for that term. I think, being at the point where ETFs are being released on the Wall Street, we've accomplished quite some mass adoption, actually.

Because some people use bitcoin as investment, not as currency
Before mass adoption happen, someone have to accept & use bitcoin as currency

Mass adaption is happen very slowly

Yes. You are right. Bitcoin is growing.. however not as fast as most people were hoping for.

funny part is that the volatility is called by no adoption, not the contrary, before people are willing to adopt bitcoin on a larger scale, we must wait for every big merchant to adopt it first

Since when has Bitcoin been introduced to the public? go around and ask random people, only like 1 to 10 person knows what the fuck Bitcoin is and chances are the % of people that actually understand it therefore see a real use of it are even lower.

We are still in early 1990's if we do the internet analogy.

Who is going to adopt something that shows this volatility. I wouldn't. But the recent history suggests that Bitcoin can hold steady and trying to find it's place in the world market. Maybe now, people will be encouraged to adopt more bitcoin.

mass adoption only happen if ppl are using it in few niche area, like cannabis if cannabis is legalized, and/or  gambling. payment sector in other "normal" business is very slim to have impact on bitcoin adoption imho. at least atm.

i agree. as we speak bitcoin adoption is taking place but it is not as fast as most people were hoping for. everything takes time. i prefer a stable growth rather than short term peak.

http://www.coindesk.com/5-facts-coindesks-state-bitcoin-report-q1-2015/

Well.. I think mass Bitcoin adoption is happening right now. In fact.. many years back. More and more people is using Bitcoin everyday. Rome was not built in a day. Thus, mass Bitcoin adoption wont happen overnight.

Mass adoption is not happening yet because no one has to use bitcoin. Life evolves around fiat. It takes a long time to learn how to use bitcoin safely and people prefer things they are familar with.

Because good ideas usually take time on catch on. PCs, mobile phones are the internet weren't overnight successes and took years to break into the mainstream. Bitcoin will be no different but I think most people will need to see a reason to use it as opposed to just using fiat but hopefully the gov and banks will keep shooting themselves in the foot and more and more people will be pushed towards bitcoin instead.

Flatness has inspired me to start making more use of it for transactions. At least when you buy back shortly after you can be sure that it'll either cost the same or be slightly less.

I would've felt like a right dick buying something during November 2013 and finding I could've paid far less a few hours later.

It think mass adoption is slowly happening. Its just not reflected in the exchange price as many people wish it was. There's more liquidity in the market now as compared to 2013 so its going to take a lot more investment in the exchanges to move the price like it used to. I think the halving next year will reduce the liquidity in the market and we will see a price increase. The current exchange price is accurate. Im more interested in the OTC value. More and more people will see value in cash to btc rather than bank ACH to an exchange with a paper trail. OTC market is hard to gauge but I think there is more demand there than we think.  

Because guys are HOLDING rather then SPENDING

it ain't going nowhere until this mentality changes