Thread: Bitcoin
View Single Post
Old 05-21-2015, 07:23 AM  
ilnjscb
Confirmed User
 
ilnjscb's Avatar
 
Industry Role:
Join Date: Jun 2009
Posts: 8,837
Quote:
Originally Posted by kazbalah View Post
Have you actually used it before, seen all the things it can do, and will do in the future?
Quote:
Originally Posted by Barry-xlovecam View Post
Our website accepts Bitcoin and our customers do not pay in Bitcoin -- based on thousands of transactions a month. Bitcoin has no future in the consumer market -- it's too complicated and confusing for consumers.

Bitcoin is just another dead or little used alternative payment method. Go see how many "peasants" you can get to sign-on to currency they don't understand ... How many shopkeepers in the small villages and even merchants in larger cities you can get to sign-on to accept Bitcoin. There is no real interest on this level and why should there be? You would have better luck selling a bag of stones.

Micro-banking and methods like Apple pay have a lot more mainstream support and a future in the developing world. Bitcoin is a dead end for consumer adoption. Bitcoin is on the down side of the bell curve, now stabilized by some big money players on Wall Street for speculation. I cannot declare Bitcoin on a death watch only for that reason.

KISS (Keep it simple stupid).

Your fuzzy math is boring. How many of my customers have Bitcoin to spend? None or damn few. The only market is in alt coin miner's minds like the Gold Rush of 1849 (and others) the miners want to get rich .
Theory vs. Practice SMACKDOWN!!
ilnjscb is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote