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-   -   80% of AMERICANS have heard of BITCOIN (https://gfy.com/showthread.php?t=1303313)

$5 submissions 09-07-2018 02:44 PM

80% of AMERICANS have heard of BITCOIN
 
This is great news for BTC (and crypto by extension). Familiarity is key to PERCEIVED VALUE

kane 09-07-2018 02:45 PM

The next step is for them to understand, at least on a very basic level, what it is and how it works.

I have a lot of friends who have heard of bitcoin, not one of them knows anything about it.

kmanrox 09-07-2018 02:54 PM

Try running a site and having BTC as the only checkout option. =-/

$5 submissions 09-07-2018 02:55 PM

Quote:

Originally Posted by kmanrox (Post 22332120)
Try running a site and having BTC as the only checkout option. =-/

Very tempting

CoolMikey 09-07-2018 11:15 PM

who are you kidding dude, "heard" doesn't mean shit, yea, 80% heard about it on the news... of those 1% understood what it means, and 1% of those actually took any steps to "invest" in it.... and 1% of those succeeded when they found out they can't just buy bitcoins with a cc easily..... so at best 0.00001 give any shit about bitcoins when all is said and done.....

Spunky 09-07-2018 11:17 PM

And still think it is shady

lock 09-08-2018 01:22 AM

But how many can point out Alaska on a map. Probably 100% have all heard of Jesus.

jscott 09-08-2018 05:41 PM

Quote:

Originally Posted by Spunky (Post 22332304)
And still think it is shady

Ignorants would still call bitcoin shady. Before it was ok, bcos it was just being introduced to general public and associated with silk road and similar. But anyone with any knowledge of bitcoin knows that it's a public ledger, unchangeable forever and NSA been tracking BTC users for years

few references
https://www.newsbtc.com/2018/04/17/r...egal-purposes/
https://www.ccn.com/very-few-cases-o...chdog-reveals/

the criminals will use Monero, private ledger

onwebcam 09-08-2018 05:56 PM

Meanwhile the entie market is in another dive..

dyna mo 09-08-2018 06:06 PM

Quote:

Originally Posted by jscott (Post 22332554)
Ignorants would still call bitcoin shady. Before it was ok, bcos it was just being introduced to general public and associated with silk road and similar. But anyone with any knowledge of bitcoin knows that it's a public ledger, unchangeable forever and NSA been tracking BTC users for years

few references
https://www.newsbtc.com/2018/04/17/r...egal-purposes/
https://www.ccn.com/very-few-cases-o...chdog-reveals/

the criminals will use Monero, private ledger

Warren Buffett just called it shady. No offense.

jscott 09-08-2018 06:17 PM

Quote:

Originally Posted by dyna mo (Post 22332567)
Warren Buffett just called it shady. No offense.

Np :) I wasn't calling anyone specifically, but even Warren Buffet, a genius most of his life, definitely not well taught on Bitcoin. Probably from being too old and stubborn.

slapass 09-08-2018 08:20 PM

In all honesty would you want your mom’s retirement in it? It is shady, and it is super hard to keep secure. I think security is the hardest part and what has kept it off the mainstream this whole time. Credit cards are still easier,

pimpmaster9000 09-09-2018 01:08 AM

Is the payment method a bit complicated? Well customers will use the less complicated method because they are lazy...the end...

Klen 09-09-2018 02:15 AM

Bitcoin is mainstream and fully legal now, but i think due that there is chance how bitcoin will never skyrocket in value again to 20k$ level, as usually when something is regulated cannot be manipulated in that way.

jscott 09-10-2018 12:30 AM

Quote:

Originally Posted by slapass (Post 22332591)
In all honesty would you want your mom’s retirement in it? It is shady, and it is super hard to keep secure. I think security is the hardest part and what has kept it off the mainstream this whole time. Credit cards are still easier,

I agree, banks are easier, credit cards are easier.

As for security, no doubt Bitcoin is best option. Nobody can steal your BTC unless you make mistake, (ie leave your privkeys for the maid to find). Banks/CC's can be secure or insured, but have you ever experienced a moment where you're stuck with no access to money/finance because your bank froze your account due to anti-fraud, for traveling internationally? Have you had your Bank (in my case Paxum) account compromised and scammers spending your funds? Thats not fun, accounts frozen! Bitcoin is a safer alternative to these scenarios.

Some of us don't want anything to do with banks, so this is an opportunity for us to be our own bank.

Klen 09-10-2018 10:58 AM

Quote:

Originally Posted by jscott (Post 22332978)
I agree, banks are easier, credit cards are easier.

As for security, no doubt Bitcoin is best option. Nobody can steal your BTC unless you make mistake, (ie leave your privkeys for the maid to find). Banks/CC's can be secure or insured, but have you ever experienced a moment where you're stuck with no access to money/finance because your bank froze your account due to anti-fraud, for traveling internationally? Have you had your Bank (in my case Paxum) account compromised and scammers spending your funds? Thats not fun, accounts frozen! Bitcoin is a safer alternative to these scenarios.

Some of us don't want anything to do with banks, so this is an opportunity for us to be our own bank.

I still remember when your epassporte account was compromised :upsidedow

jscott 09-10-2018 11:10 AM

Quote:

Originally Posted by KlenTelaris (Post 22333222)
I still remember when you epassporte account was compromised :upsidedow

Yep! I've had issues them with all. Various US bank accounts cannot use because overseas is flagged and accounts locked for anti-fraud protection, even though gave them travel locations/dates. And yes, had Epass and Paxum accounts both compromised. Also Epass (closed down), Paxum (no USA allowed), Payoneer/FirstChoicePay (no USA allowed) all accounts closed.

Bitcoin is permissionless/Trustless, no 3rd party can interrupt any of your transactions. If you control your own privkeys, there no way your "accounts can be closed". Bitcoin doesn't care which citizen you are too btw :winkwink:

If you are US citizen and never leave the USA then you'll probably be fine, only problem there is you losing out for holding any fiat in your bank accounts via inflation.

marlboroack 09-10-2018 12:01 PM

What the fuck is a bitcoin?


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