Topic: Why isn't crypto going mainstream? - page 4. (Read 2141 times)

It takes time for someone to get used to with new technologies. Give them some time. Next time they try to buy something online offer them bitcoins and show them how easy it is to things with bitcoin. Don't go into too much into details as they might end up losing interest.
And always try to keep it simple.

You’re overextrapolating. What did she “got it”? And what does that have anything to do with the masses?

All that happened is presumably she saw that you made gains as a speculator and you spent your gains (because she is married to a cryptonerd so it was basically forced on her). That has nothing to do with any mass adoption phenomenon (other than possibly a Tulip speculation bubble in ICOs). That the BTC is spendable on Newegg is irrelevant. The mass adoption of crypto will not be driven by big ticket item purchases because there are no compelling advantages (and some disadvantages such as the lack of the ability to issue a refund against a scammy vendor), but rather by gamefication of invisible nanotransaction purchases.

My prior comment elaborates.

It was a long time before my wife started taking Crypto seriously.  It wasn't until I bought several thousand dollars worth of computer equipment from Newegg that she finally got it.  We will get there, but it will take time.

Minority of people have interest on this kind of stuff that they'd rather spend their time over meaningless things like Facebook. So which is why I think no matter how much we advertise cryptos, it all boils down to the person's priority and interest (which many don't have right now)

  Yes, right
Large companies are the main point for the development of crypto coins but do not expect if the Bank can accept Crypto as payment because the Bank and Crypto are the enemy.

I think we should talk. I will send you a PM.


True, but overcoming those aspects alone is not sufficient for cracking the nut of mass adoption.


Not just easy, but we need that the masses will not even know they are using crypto or a decentralized ledger.

The masses do not given a shit about the motor inside their car. They only care that the car runs. They are interested in the benefit of the car.


Not really.

The critical mass though has been attained at the level of fundraising and network effects in the development ecosystem, yet I do not think we yet have any projects that truly understand mass adoption. No projects I know of have any viable plan for mass adoption (just a lot of naive BS).


The problem is there is no compelling use case.

The masses do not share your ideological reasons. They need some actual benefit that entices them.

In short, no one has presented a killer app yet.

I will launch something soon to try to experiment with finding the killer app.

I can’t state the name yet. Too preliminary.


Disagree. We will never get mass adoption if you expect the masses to want lawlessness and anarchy. The masses do not care about your ideological fetish.


Bingo. Correct.


They’re always looking for something new online. But silly Bitcoin doesn’t offer any benefit they find interesting.

Our job is to apply decentralized ledgers to things they find interesting in clever paradigm-shifts that grab their interest and cause them to spend their time online in our apps.


That could possibly be me. Actually I am connected to Steve Jobs through my former boss who was recruited by Steve Jobs.


Yes but not in the way you may be thinking. The key is that the app must be designed such that the payment could only be done with a decentralized ledger. This is where we invert the argument against ChangeTip inside-out and show that subscriptions are not ideal and nanotransactions are more ideal for some models of gamification.

Think about it this way. Would you like to have 10,000 subscriptions? How could you manage that cognitive load?

But it’s not also sufficient to state “nanotransactions” as some magic bullet. There must be compelling gamefication that drives an app ecosystem from a profit perspective.


Lolz. Did you also invest in Pets.com?


Lolz. What came first, the hen or the egg?

“Build it and they will come” even though no one has OpenMoney tokens and nobody will buy them. Brilliant.  


Meaningless? Are you sure. Is your bias rational?


They shouldn’t have to buy it. Investors should buy it. They should receive it for participating. Study the example of how Ford Motor company kickstarted the US industrial economy by paying his workers enough to buy cars.


Thus crypto is only about selling empty speculation bags to greater fools, which will produce no real world adoption?

What is the future of ICOs?

I've always considered myself as somewhat of a techie, and I had a hard time figuring cryptocurrency at first. When they make it easy to use crypto, like with a credit card, without knowing or caring what's going on in the background, then people will use.

Give it time; we're still in the early adoption stages.

Just HODL your coins and everything will work out just fine

I have reached the same exact conclusion after trying to explain it to quite a few people.

I'm not in marketing but I've heard that one of the reasons Apple has done so well is that their advertisements aren't focused on product specs/technical terms or anything like that. Their products are shown to be the start of fun/excitement. Very similar to how a lot of beer commercials are these days.

Crypto's advertise their technical specs (because that's what's needed at this point). After they get past that point that's when they'll really take off.

We shouldnt do anything, the media is talking about cryptocurrencies more and more.
People are also getting involved in by friends or relatives  

It is just a normal reaction of people to be skeptical with something that is new to them especially if it deals about money.  And eventhough bitcoins started for almost a decade now it is still something new.  Money or fiat that we are using today did not materialize in just a few years.  It has also endured a lot of years before it was accepted and that is what bitcoin undergoes too right now.

Multiple reasons. First of all it takes time for any technology to become mainstream. 2nd: habits, they got used to use fiat. 3rd: people are cautions when it comes to money and payments.

I heard about Kraken before but never look at them, also what I heard it's for Europe. I think people can't buy Bitcoin using bank account or credit card yet for U.S resident or perhaps I'm wrong as I never look at them.

Its still being adapted and most do not heard about it but right now there are medias updated regarding bitcoin. It would probably take another year before more people will get to know about it.

https://e11.io - we will help crypto go mainstream with projects like CryptoWars, a mobile strategic game on the blockchain, meant to be played by everyone - introducing crypto concepts to the world.

Retailers won't use cryptos as long as we have this volatility like we have it today. Because every retailer has to pay his rent, insurances, employees, electricity, gas, food ... with fiat. If you want to sell something with the chance, that the amount of currency you got will halve its value tomorrow - will you sell it? You won't. Only if you could change the currency you got immediately to fiat. So cryptos will be only a vehicle for fiat, until it becomes stable. Do I see a chance to make cryptos stable? Only with regulation. But the idea of cryptos excludes regulation. Difficult situation, which is in need to become cleared. Until then: Some cases of use are demanding a specialized cryptocurrency. This cases keep the affiliated currency alive. The more usefull the case is, the better for the related coin. But usefull things come and go. And we should always remember: The whole cryptoworld is deeply addicted to technic. Let the internet crash, let the quantum computer rise - the cryptoworld you know today will be unrecognizable tomorrow...

Kraken, no?

IMO it is going mainstream - this is just what that process looks/feels like.

Its not surprising actually because i do experience the same thing too. I do look a weirdo when i do speak about cryptos in front of them.I would say that you cant do anything about it since this technology isnt been heard by most people this is why they dont really have the awareness on what are the thing you are speaking in front of them.