Questions tagged [adoption]

Used for questions dealing with the adoption of cryptocurrencies.

1
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2answers
47 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 ...
0
votes
2answers
38 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 ...
2
votes
1answer
155 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 ...
1
vote
3answers
268 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-...
6
votes
6answers
19k 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 ...
7
votes
1answer
704 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?
1
vote
1answer
407 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?
5
votes
2answers
98 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 ...
5
votes
4answers
22k 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?
6
votes
5answers
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?
8
votes
1answer
148 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 ...
1
vote
1answer
236 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 ...
0
votes
4answers
124 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'.
2
votes
2answers
264 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 ...
4
votes
1answer
114 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 ...
1
vote
2answers
778 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 ...
3
votes
3answers
166 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?
2
votes
2answers
352 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 ...
2
votes
3answers
2k 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?
3
votes
4answers
945 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, ...
1
vote
1answer
52 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?
1
vote
1answer
202 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, ...
1
vote
0answers
122 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 ...
2
votes
1answer
169 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 ...
3
votes
4answers
482 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) ...
0
votes
2answers
141 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.
1
vote
4answers
354 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?
1
vote
1answer
863 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 ...
4
votes
3answers
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 ...
1
vote
1answer
357 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 ...
0
votes
1answer
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 ...
3
votes
3answers
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 - ...
0
votes
1answer
706 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 ...
10
votes
8answers
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 ...
8
votes
4answers
387 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, ...
5
votes
2answers
645 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 ...
4
votes
1answer
416 views

How big is the bitcoin community 1st of Feb. 2012?

I really do not know what kind of metrics are available for measuring the size of the Bitcoin community, but I am interested in any metrics indicating how many users of Bitcoins that there are. Some ...
14
votes
9answers
1k views

Why is Bitcoin fair?

According to the Wikipedia article on Bitcoin: The initial bitcoin distribution is advantageous towards early-adopters. [...] However, the amount of work that must be done for one bitcoin is ...
16
votes
7answers
9k views

Any statistics on usage of Bitcoins by region or country?

I would like to know if there are any statistics on turnover of Bitcoins for each country in the world. A very rough way would be to get a statistic on which traffic to Bitcoin.org by country.
7
votes
1answer
376 views

Can we interpret a rolling average transaction count per block as the 'adoption curve' for Bitcoin?

It is widely accepted that Bitcoin is both a transaction network, and a currency subject to speculative market action like established fiat currencies. In a sense, it is a transaction network with a '...
18
votes
10answers
3k views

Effect on economy if Bitcoin was widely adopted

What would the effects be on the world economy if several million people around the world would utilize the Bitcoin currency for their daily transactions? Would you expect the GDP to grow faster or ...