<<  >> (p.164)
    Author Topic: What's stopping people from using bitcoin?  (Read 202202 times)

    • boyptc
    Hero Member
    *****
    Offline Offline

    Activity: 3472
    Merit: 696


    View Profile
    August 03, 2016, 04:47:57 AM
     #3261
    Quote from: Tyrantt on August 03, 2016, 03:18:38 AM
    Quote from: JforJoker on October 16, 2015, 01:09:54 PM
    So after reading this article and especially the ending:

    Quote
    One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

    I'm wondering what's stopping people from using bitcoin?

    And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

    The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?

    Most of the pople don't care about the tech behind the bitcoin, they just want to hear the right stuff and also, the lack of ways to use bitcoin or exchange it to fiat (I couldn't find any exhange websites that doesn't take sky high fees so I'm stuck with selling btc here).

    Well the lack of knowledge about the trend of the technology today especially in bitcoin is one that makes the people stops from using from bicoin.
    But I don't think that is not going to be a tough reason for stopping the people from using bitcoin. I hope this is going to be fixed in the future.

  • diodio5
    Hero Member
    *****
    Offline Offline

    Activity: 490
    Merit: 500



    View Profile
    August 03, 2016, 06:01:02 AM
     #3262
    Quote from: Hamtard on August 01, 2016, 03:05:25 PM
    The bitcoin transaction confirmation is too slow at the moment. I would prefer the litecoin or Ethereum.
    Lol i think it would not make the user be stopped using bitcoin. I think it is not a very big problem for users. Because the problem of the length of time confirmation can still be tolerated and you will not be disadvantaged because of it? I do not think anyone would stop using bticoin for that reason ? IMO

  • zodin
    Full Member
    ***
    Offline Offline

    Activity: 224
    Merit: 100


    View Profile
    August 03, 2016, 07:44:31 AM
     #3263
    Quote from: boyptc on August 03, 2016, 04:47:57 AM
    Quote from: Tyrantt on August 03, 2016, 03:18:38 AM
    Quote from: JforJoker on October 16, 2015, 01:09:54 PM
    So after reading this article and especially the ending:

    Quote
    One thing is for certain: having made Bitcoin less of a security worry, transparency will now be key in attracting users to new models, placing control of funds and fees in an upfront way in their own hands.

    I'm wondering what's stopping people from using bitcoin?

    And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

    The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?

    Most of the pople don't care about the tech behind the bitcoin, they just want to hear the right stuff and also, the lack of ways to use bitcoin or exchange it to fiat (I couldn't find any exhange websites that doesn't take sky high fees so I'm stuck with selling btc here).

    Well the lack of knowledge about the trend of the technology today especially in bitcoin is one that makes the people stops from using from bicoin.
    But I don't think that is not going to be a tough reason for stopping the people from using bitcoin. I hope this is going to be fixed in the future.
    yes it is also right but the uncertainty and fluctuation of bitcoin price is really effecting the price of bitcoin, like in current time the rate of down fall in just 2 or 3 days is too high, that compel people not to use bitcoin,  if the price of bitcoin become stable and there is no such a huge flexibality in the price of bitcoin then people will have full faith on bitcoin and they will certainly use in their daily life just like fiat currency.

  • utkarshm
    Full Member
    ***
    Offline Offline

    Activity: 154
    Merit: 100



    View Profile
    August 03, 2016, 07:54:31 AM
     #3264
    Quote from: diodio5 on August 03, 2016, 06:01:02 AM
    Quote from: Hamtard on August 01, 2016, 03:05:25 PM
    The bitcoin transaction confirmation is too slow at the moment. I would prefer the litecoin or Ethereum.
    Lol i think it would not make the user be stopped using bitcoin. I think it is not a very big problem for users. Because the problem of the length of time confirmation can still be tolerated and you will not be disadvantaged because of it? I do not think anyone would stop using bticoin for that reason ? IMO
    Yes thats just a small problem which happens only sometimes and if we always pay the recommended fee then that problem also not exist.
    yes right this not a valid reason to stop using bitcoins.

  • Supercrypt
    Legendary
    *
    Offline Offline

    Activity: 1554
    Merit: 1054



    View Profile
    August 03, 2016, 09:33:29 AM
     #3265
    Quote from: Achargeturry78 on August 01, 2016, 02:56:12 PM
    some country are not accepting bitcoin and bitcoins are illegal in their country this is one of the sadest part where you can't earn bitcoins for free and also they can't mine because they goverment hates this currency what if their president using bitcoin and change everything into bitcoin currency probably people in their country who don't know what bitcoin will be the famous currency Cheesy
    Well, in many countries where the bitcoins are not so popular or say banned, still people are using it.
    Gambling is banned in India for example but 90% of Indians gamble, either professionally or friendly. So, that banned is just a lame excuse if anyone tells that as a reason for not using bitcoins.

  • machinek20
    Hero Member
    *****
    Offline Offline

    Activity: 840
    Merit: 501


    View Profile
    August 03, 2016, 09:41:51 AM
     #3266
    first case is why people stay away from crypto
    the main reason is that, people don't understand it first time, once they do , they realize it's worth it.
    by the way the huge bumps in price of bitcoin is also a reason people go away from it, u wont want it to get half its value next day u wake up! i don't think so,
    another case is why people stay away from btc and choose other coins..
    main reason i saw in this case was confirmation time. people don't want to wait for hours to get there btc transaction confirmed, sometimes it takes a lot of time, while in other crypto (DOGE/LTC/ETH) they are very fast, so people stay in these coins.

    i hope this answer was correct, it was just my point of view
    Pages: « 1 ... 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 [164]
      Print  
Page 163
Viewing Page: 164

IRLBTC™ © 2025 IRLBTC.com