Post
Topic
Board Economics
Re: How can we get people to use bitcoin as a currency?
by
Abiky
on 28/01/2019, 15:21:06 UTC
Exactly. That is the point of introducing cryptocurrencies to more people. We should just make it a habit of them and get used to it without making them know. For example, if you sell things and you accept cryptos as a way of paying it is a way of giving them the incentive to get them involved and study about what Bitcoin is.

There needs to be an involvement of crypto enthusiasts with the purpose of driving people into using cryptocurrencies for their daily lives. Without promotion/marketing, people will not be aware that Bitcoin exists as an alternative medium of exchange. I believe that what's limiting Bitcoin into being used by anyone in the world, is its volatility and lack of user friendliness. It needs to be able to maintain itself stable in price, while being cheap and efficient to be able to compete against traditional payment systems.

Once this is achieved, then many merchants and businesses will begin to accept Bitcoin, attracting new people into the digital currency. Hopefully, with the Lightning Network and further regulations from governments towards crypto exchanges, Bitcoin can achieve stability in price while being instant, and cheap for anyone to use around the world. In the meantime, not many people will use Bitcoin as a currency because of said limitations. Just my opinion Smiley