Quote from: brg444 on October 24, 2014, 03:05:55 PM

Quote from: marcelus on October 24, 2014, 02:42:47 PM

No mate. They don't have to convince consumers. That's the point. They'll never know their money is being sent using the bitcoin network just like people don't know anything about http works when they're surfing the web now. To the consumer, the infrastructure and methodology they use will be the same as it is now. There's no leap of faith they have to make.

https://stripe.com/blog/bitcoin-the-stripe-perspective

Oh I'm sorry but this is a wrong and myopic way to see Bitcoin's future.

There is NO hiding Bitcoin from the consumer unless Bitcoin essentially becomes a Ripple adopted by banks and this is not the goal here.

To fully realises the promises of Bitcoin they absolutely will have to convince consumers to use Bitcoin.

Fortunately the arguments will be many and greed will do the heavy lifting.

It represents a transitional period IMO. Consumers will never be able to use bitcoin directly. 1. Technical issues - payments aren't instant, not very good for micropayments, volatility, etc. 2. Regulatory issues - nobody will use a currency they have to declare CGT on.

This doesn't mean the future isn't p2p. BitUSD (on BitsharesX) offers instant payments at almost zero volatility vs USD for example. Consumers will be able to use something like that. Or a bitUSD sidechain to the bitcoin blockchain possibly.