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Questions tagged [adoption]

Used for questions dealing with the adoption of cryptocurrencies.

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1 answer
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Is there any estimation on the number of Lightning Network payment?

Everyone knows that LN helps scale Bitcoin by moving most of the micro-payment transactions off-chain. But what really happens in real life? How many payments have been made per month? Appreciate any ...
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  • 387
1 vote
1 answer
46 views

Settlement scalability after general adoption

How can bitcoin & lightning support a full planet adoption rate of settlements? Just trying to understand how this works, and whether or not this might be a problem. Lets imagine Bitcoin is ...
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-2 votes
2 answers
79 views

Why does Bisq not upgrade Tor addresses silently [closed]

I started up Bisq today. It had a pop-up with elaborate instructions on how to "upgrade Tor v2 addresses to v3". This involved shutting down Bisq, deleting a dir and then starting it back ...
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2 votes
3 answers
156 views

How will Salvadorans make Bitcoin payments?

Bitcoin has been declared legal tender in El Salvador. This means that shops and businesses will have to accept Bitcoin payments. Ignoring the price swings, how will that work in practice? Given the ...
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  • 21
2 votes
1 answer
427 views

How much will Taproot boost Bitcoin's transactions per second?

Currently, the bitcoin network does about 3-7 transactions per second. How much can taproot theoretically increase that? Assuming a current throughput of 5 transactions per second, we get only about ...
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  • 21
2 votes
2 answers
96 views

How did Satoshi grow the Bitcoin community?

Is there an old record of Satoshi's first attempt of promoting Bitcoin? Did Satoshi had initial beta testers? What was Satoshi Nakomoto's marketing strategy? When I mean marketing as in from a ...
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  • 121
14 votes
2 answers
3k views

What is the difference between Dogecoin and Bitcoin at the network level?

With all the Dogecoin hype, mainstream media has been comparing Doge with established cryptos like Bitcoin. I'm trying to understand the difference at the technical level: It comes up that Bitcoin ...
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0 votes
0 answers
60 views

Comparing "health" of Cryptocurrencies

I am new to cryptocurrencies, and I would like to explore how an analyst might compare the "health" of two coins, for example, Bitcoin v. an altcoin. For a company that issues stocks, ...
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1 vote
0 answers
44 views

How to find the aggregate geographic distribution of bitcoin traders using a certain exchange? [closed]

I wonder whether it is possible. Are there any ways of doing this via e.g. somehow collecting the IP addresses of all traders on an exchange such as Bittrex?
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  • 293
2 votes
2 answers
121 views

Who is the target audience?

I can not stop asking myself the question, what problem does bitcoin actually solve? Before you accuse me of being lazy and not doing any research, here is my thought process: You want to have a ...
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  • 121
1 vote
2 answers
53 views

Can LN clog main chain BTC?

Main chain BTC can handle something about 300k tx per day without increasing fees, open and closing channels need to be done using standard tx on main chain. So the question is if we will have large ...
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0 votes
2 answers
76 views

Value of cryptocurrencies: Why does noone make Bitcoin2, 3, 4,...?

Cryptocurrency disciplee sometimes say that cryptocurrencies have just as much inherent value and potential as storage of value as fist currencies. One argument specific to the Bitcoin is that its ...
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  • 113
0 votes
2 answers
44 views

Retrieve old addresses with coins that were given away for free to friends and family?

Looking for a solution where if I wanted to give away bitcoins or other coins to friends and family for free and being able to retrieve them back if they don't claim it or move it. Many times I gave ...
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2 votes
1 answer
165 views

Would fees go down once more people start using segwit addresses for day to day activity?

Since the fees are high today, when more wallets and people start using segwit (bc1) addresses. Would sending from legacy address fees go down as everyone is using the newer address? Or it doesnt ...
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1 vote
3 answers
481 views

How to suggest to our church that they should accept Bitcoin payments?

A little bit of context: I send 10% of my profit (the tithe) to a church. Along with the tithe I send money for different projects. I guess they can be considered donations. This church is a non-...
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6 votes
6 answers
20k views

Beginning 2017 what estimate of individuals own bitcoin?

How many different individuals in the world own bitcoin? I.e. John owns .5btc, Michelle 300btc, Al 4000btc : the answer would be 3. I am interested in the percent of the global population that owns ...
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  • 630
7 votes
1 answer
711 views

What exactly is Microsoft 365 going to support?

I read an announcement that Excel in the upcoming Microsoft 365 is going to support Bitcoin "recognition" and "calculations". What does that mean?
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1 vote
1 answer
716 views

Do all Banks and Credit Unions in the U.S. accept Bitcoin?

Do all Banks and Credit Unions in the U.S. accept Bitcoin for deposits or withdraws?
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5 votes
2 answers
112 views

Correlation of number of (non mining) full nodes to internet bandwidth

Are there any correlation studies showing the number of (non mining) full nodes per country (total or per/capita) compared to average internet connection speeds? I know there are great differences ...
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6 votes
4 answers
23k views

What is needed to get listed on a currency exchange website?

I have no desire to become a licensed MSB/Money Service Business. That said, what considerations should I have when creating a new virtual currency to be listed on Coinbase, Bitstamp, etc?
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6 votes
5 answers
4k views

Why would I choose to use Bitcoin and not other crypto currencies like Ethereum or Dash? Why is Bitcoin better or worse than the rest?

The title basically says it all, I'm a new investor looking to fill out my portfolio but I also want to know the lay for the market, what cryptos are worthwhile, and why?
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8 votes
1 answer
153 views

Which country has the highest number of Bricks and Mortal merchants who accept Bitcoin per Capita?

I have seen many online directories of Bitcoin merchants but fewer bricks and mortar directories. Is https://coinmap.org comprehensive? The great majority all of the listings are for North America ...
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  • 253
1 vote
1 answer
250 views

What would happen to the world if Bitcoin were the only allowed currency? [closed]

Could a world economy be based solely on Bitcoin? I mean the only mean to pay would be bitcoin. From the point of view of economy would this be possible or would all the economy collapse? Could we ...
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0 votes
4 answers
137 views

Can I use Bitcoin elsewhere except in the deep web? [duplicate]

I really like the idea of having an universal online currency and I wanted to know if I can use it in the 'surface web'.
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2 votes
2 answers
274 views

What will happen to Bitcoin when it takes years to complete a calculation?

Ok, we already experienced over the last 6yr's how bitcoin mining calculations went from mineable with a cpu, to where you need very expensive computer equipment to mine profitably. So what's going to ...
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  • 21
4 votes
1 answer
119 views

Will people not spending their Bitcoin cause Bitcoin to fail? [duplicate]

Everyone I know that owns Bitcoin (including myself) seems to plan to sit on it until it becomes widely accepted/used and the price sky rockets to a ridiculously high value (100000 dollars each). It's ...
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  • 41
1 vote
2 answers
974 views

Does Bitcoin have a built-in life expectancy?

I understand that the supply of Bitcoins, by design, will not continue to grow to infinity, but is "capped" at 21,000,000. This amount is not in circulation, however, because there are coins that have ...
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  • 41
3 votes
3 answers
189 views

How would Bitcoin's purchasing power be measured after fiat were gone?

Somewhere in the possible near/far future when there might not be any major fiat anywhere. What will Bitcoin's purchasing power be measured in?
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2 votes
2 answers
372 views

Why should retailers prefer bitcoin over other cryptocurrencies that have shorter confirmation time?

Considering that, waiting 10 minutes for confirmation is too long in the retail world; "zero confirmations" will become more risky once bitcoin popularity is high enough and people come up with ...
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  • 123
2 votes
3 answers
3k views

How many people own crypto currencies?

Is there an estimate on how many people in total own some cryptocurrencies? How is this distributed among bitcoin and altcoins?
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  • 1,366
3 votes
4 answers
1k views

What is the most widely distributed crypto currency?

I've been doing research to find a crypto-currency that is "fairly" distributed among the population. Being "fair" is quite subjective. We can all agree that 10 people that control a coin is not fair, ...
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1 vote
1 answer
58 views

University Bitcoin event ideas [closed]

Can you give me ideas for interesting Bitcoin-related events/projects that I could launch at my university in order to attract people to the club?
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  • 111
1 vote
1 answer
114 views

Is Bitcoin still an experiment? [closed]

Definition of the word Experiment: A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact. If Bitcoin was/is an experiment, I don't think it's ...
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  • 3,148
1 vote
1 answer
209 views

How do developing countries begin to adopt bitcoin?

If you're in, for example Congo, or Ecuador (or any other developing country) how do people there begin to adopt bitcoin? I mean the very first people, obviously things are easier once a, even small, ...
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  • 11
2 votes
1 answer
72 views

farmers quest to exchange goods and services

I would like to know whether it is possible for farmers to use Bitcoin to exchange good and services without ever using other money. We are trying to build a network between local farmers and would ...
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  • 21
1 vote
4 answers
280 views

Bitcoin purchases by country

I'm interested in getting data on bitcoin adoption by country. Is there a way of mapping bitcoin addresses to countries of origination?
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  • 121
1 vote
0 answers
132 views

Standardize wallet format [closed]

What's the status of wallet format standardization? Is there any proposal or work-in-progress around? If not, how come nobody urges to define standard wallet formats yet? This is especially needed ...
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  • 376
2 votes
1 answer
181 views

What are the biggest motivations for common people to adopt crypto currencies?

So far I've seen only two sets of people using crypto currencies: 1. Who does illegal things (like black money/drug trading etc) 2. Who sees them as shortcut to become rich But what are the other ...
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  • 1,023
3 votes
4 answers
503 views

Are Bitcoin transactions really "frictionless" given confirmation time?

One of the big selling points for Bitcoin is that transactions are frictionless. I understand this to mean that there is no middleman to take a cut. However, there are 2 major frictions I see. 1) ...
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  • 175
0 votes
2 answers
155 views

Why do merchants accept Bitcoin as valid currency? [duplicate]

I suppose one could ask the same question about any form of currency, but I am curious how bitcoin became an accepted currency with no government backing it.
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1 vote
4 answers
416 views

What is the useful work done during the mining of Bitcoin? [duplicate]

What is the work that the computer performs while it does Bitcoin mining? Is it useful work in any case?
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1 vote
1 answer
2k views

Does anyone know which country has the most bitcoins?

I was wondering if there is any stats out there that tell you how many bitcoins a country is holding. I want to make a presentation so i can persuade people to buy bitcoins, but i want to make sure ...
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4 votes
3 answers
1k views

How can Bitcoin change the world?

Let's think of a hypothetical scenario if Bitcoin becomes the world's major (most used + highest market cap) currency one day. How will it change the world? The obvious point is cheaper money ...
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  • 1,022
1 vote
1 answer
364 views

What could drive Ripple adoption? [closed]

Now, I have been reading a lot about Ripple lately and here is something that still eludes me: For example Bitcoin has a clear early adopter advantage, which incentivices investments and helps build ...
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  • 62.5k
0 votes
1 answer
4k views

Is there a way to estimate total number of bitcoin users/wallets? [duplicate]

I was looking at Bitcoin Wiki. It estimated 60,000 users (Sep 2011) based on counting the number of bitcoin clients connected to the network in the last 24 hours. Another possible estimate could ...
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  • 89
3 votes
3 answers
4k views

What is the most common use of Bitcoin? [closed]

I'm a total newbie here, and I've read a bit on Bitcoin. I get that it's a cryptographic currency, and that it can't be directly "cashed", etc. I'm interested in the common purchase using Bitcoin - ...
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0 votes
1 answer
868 views

What happens if everyone suddenly adops bitcoins, or it becomes very easy to create blocks [duplicate]

I understand that bitcoins are currently produced at ~25BTC/10 min If I understand correctly how fast a block is created is what determines how fast bitcoins are created. If everyone starts using ...
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  • 103
10 votes
8 answers
7k views

A "Bitcoin for dummies" guide?

I would like to introduce a number of people that are not necessarily tech-savvy to Bitcoin and instruct them how to make their first payments. Is there some "Bitcoin for dummies" guide that I could ...
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  • 42.7k
8 votes
4 answers
408 views

Psychological price

I live in Europe, and more than a decade ago our national currency was replaced by the Euro. For a few years, everyone calculated back the price in Euro to the old currency when buying something, ...
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  • 1,957
5 votes
2 answers
727 views

Is the Bitcoin network slowly closing down?

Consider the following graph: This chart shows the total number of hosts on the network that were connected in the previous 24 hour period. We collect this by listening to Address messages that are ...
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  • 3,434