Post
Topic
Board Bitcoin Discussion
Re: You want bitcoin to succeed ? *THIS* is what you need to focus on
by
btctrader22
on 16/12/2014, 12:36:34 UTC

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These are only steps to gain awareness, imo.

Bitcoin will not go faster. If you want "faster", find another coin (DOGE?). Don't get me wrong, I would like to see a solution to speed it up, but I don't think there's any.


No, by faster, I don't mean some lame-ass altcoin where the only "innovation" they created was changing 5 characters in the source code to change the block production rate.

Something like a rock-solid implementation of side-chains or off-chain transactions is what I'm thinking about.

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Making it work with non-smartphones sounds strange to me. Would you like that the bank pays for a product from your credit card money just from a phonecall from your number without checking anything?

I guess not. Bitcoin is not just money. It's SAFE/SECURE money. And the software to use bitcoin has to comply, else it will be a loss on the long time. However, if you think otherwise, start a business that handles bitcoin only from something as simple as a phonecall, maybe I'm wrong and you'll have success.

I am not talking about watering down bitcoin's security.

Non-smartphone are called feature phones. They're used by more than half of the people on the planet. They look like this:

http://mobilerji.files.wordpress.com/2010/02/cell-pile.jpg

They have a CPU, and one can code tiny apps for them. Building a simple lightweight bitcoin client is possible.

The *demand* for a simple mobile payment solution on feature phone is huge.
See here if you don't believe me : http://en.wikipedia.org/wiki/M-Pesa


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And fyi: emerging countries have cheaper phones with more features than yours, just may not have well-known brand names, that's all Wink

China and India may.
Africa certainly does not.