Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin as a Mainstream payment method
by
stompix
on 02/03/2023, 19:36:49 UTC
⭐ Merited by BlackHatCoiner (1)
I know some of you would say improvements of Security, Scalability, and User Experience, but aside from that, What is the most needed for BTCitcoin right now?

Mainstream as in every average Joe using it daily? It needs:
- less volatility
- way cheaper transaction fees (than now), yeah, including opening a channel in LN, 30 cents might now be much but make that 2 times a day each month and you have 10% of minimum wage on nearly two continents.
- a ton of education that the average Joe is not going to get this decade
- a ton of knowledge on how to keep your funds safe the average Joe will not get either.
- the average Joe to stop hoarding it believing it will get 100x by December and actually using it

Cards are considered mainstream but from what you can see in Nigeria happening now even these have problems getting used by the majority of the population, Bitcoin is one step further away as you need more than just swiping a card at an PoS.

But the biggest problem which has obviously no solution other than entrusting your funds to a 3rd party is that a lot of people really don't like to be in charge of their funds and love to have a guy they can call when a problem arises. Despite how much we love self-custody here and considered it one of the key points in the strength of BTC one also must admit not everybody sees it this way. And simply there will be always some that they will not touch it because of that.