Quote from: redsn0w on July 18, 2015, 08:39:59 AM

Quote from: pooya87 on July 18, 2015, 08:35:39 AM

Quote from: tully on July 17, 2015, 09:58:12 PM

Hey guys,

It's been dawning on me for some time that there is one thing that businesses must hate.. credit card fees. So with this in mind why is mainstream adoption taking so long! We're not saying invalidate fiat currency and only accept BTC or Alt-coin but businesses don't seem to want to touch it?

What do you guys think the real issue is? Education among consumers and businesses? Volatile BTC price?

Tully

IMO it can have a couple of reasons:

the most important one is the volatility, nobody wants to spend something that can worth a lot more tomorrow. and nobody feels right accepting something that can worth a lot less tomorrow.
the solution for this is dumping bitcoin for fiat as soon as received, but this is an extra step while they can accept cash in the first place.

the other thing is that bitcoin is not mass adopted by users. so even if a business starts accepting bitcoin there aren't many people who know about it let alone willing to use bitcoin.

At the end it is only about knowledge, there are some people that have never used a (debit, credit, prepaid...) card ... and most important they do not know how to use a computer and/or surf internet. So before start to think "bitcoin mainstream" we should teach those people how to use a computer and explain to them why bitcoin is better than the actual economic system (based on the FIAT currencies).

I saw an adoption survey somewhere that had things broken down by demographic. Very few bitcoin owners (as a percentage of the total) are over 60. Most are 40 and under.

Most people over 80 have never owned a cell phone and never will. For bitcoin I would say there is also a maximum penetration for certain demographics but it is hard to determine with great accuracy