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Phones took literally decades to get to a point where an affordable mass consumer item could sit in a pocket and last long enough to be useful. What's Bitcoin
by detritus 6y ago
Phones took literally decades to get to a point where an affordable mass consumer item could sit in a pocket and last long enough to be useful.
What's Bitcoin missing in technological or infrastructure terms that's holding it back? I'd wager nothing.
For the vast majority of people, Bitcoin doesn't solve anything - in fact, 'is slightly incomprehensible and weird' and so is actvely disuassive of its use.
- tossAfterUsing 6y ago> What's Bitcoin missing in technological or infrastructure terms that's holding it back? I'd wager nothing. The technological solution to the slight incomprehensibility is a huge part of what holds back adoption. Also, regulatory issues are considerable for a certain class of user that would probably like to take advantage of e.g. 1000x gainz.
- detritus 6y agoSure, but the lure of '1000x gainz' (ie. high volatility) isn't useful to its uptake as a replacement for many types of transaction, and here in the UK/EU many countries have allowed (even if somewhat tenuously) some regulatory legroom, so all we're missing is... an app? Yet...? It's a solution wherein principally the currently-invested are the only stakeholders hungry for a problem to solve.
- Izkata 6y ago> What's Bitcoin missing in technological or infrastructure terms that's holding it back? I'd wager nothing. A cross between ease-of-use and simple knowledge that it exists. As one example, I know of digital artists who sell their work over the internet, but have trouble receiving payments because paypal doesn't like their platform being used for porn. Bitcoin (& etc) would be the perfect solution, but it doesn't ever seem to even cross their minds as a possibility.