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Board Beginners & Help
Re: What are the major hurdles you feel BitCoin faces to mainstream acceptance?
by
IdeaMan
on 27/08/2011, 19:08:10 UTC
I think it will always be a niece market to some extent. It's never going to become a mainstream payment method for Joe Public.

Why do you think this?

However, there's still massive opportunity for increased adoption. Right now Bitcoin really is a geeky thing. Nobody outside techie circles has heard of it.

That's certainly a hurdle, but I don't think it's insurmountable.

It's slowly starting to permeate the mainstream financial news and as press coverage increases, we can expect much more growth as investors with a penchant for high risk / high gain investments put their money into it.

Agreed.  But what indicators point to the this being a finite point before mass adoption?  What prevents BitCoin from becoming a "real" (so to speak) currency?  As more investors show exposure to BitCoin, why would it not eventually reach a critical mass of sorts and cascade into mainstream adoption?