It only takes 3 things to help bitcoin succeed. 1) Get people to use it 2) get more people to use it 3) get even more people to use it. How to we achieve this? Conceptually simple. Look at all the obstacles. People need to pay for shit with bitcoin. Obstacle 1) websites don't accept bitcoin 2) people don't know how to pay with bitcoin cause they don't own any.
Proposal #1: Make it as easy as humanly possible for developers to understand how to accept bitcoin for transactions. I mean make it super simple. Simple as can be. I don't know if this is a series of videos, tutorials, live people who can be called for support… but grease those wheels!
Proposal #2: Emphasize that just because you accept bitcoin it doesn't mean you have to own any. Inform and automate the process of instantly converting bitcoin to USD for merchants wary of the technology. Don't try to evangelize everyone.
Proposal #3: Inspire and motivate new vendors. Create a super simple github repository with a blank bitcoin address. The person who checks out that repository fills that in and creates a website around that code base. Why? Automatic way of creating NEW merchants who wouldn't otherwise exist. Selling services? Own a restaurant? Selling yourself on the street? Who gives a shit what it is. Here's how you can accept bitcoin.
Proposal #4: Must come up with a super easy way for people to buy and use bitcoin. I'm not talking about wallets in some file on their computers. I've been doing my research and Gemini seems to be the best possible option. Ideally people would own their own keys but it's complicated. The average person won't get replication factors, air gap, cold storage, etc. Besides, we need them to use the bitcoin and spend it! Brings me to my next proposal. It's all for nothing if people don't own any. We can teach cold storage once they wet their beaks.
Proposal #5: Velocity of Bitcoin! Use your damn bitcoin. Don't just HODL. Hold a bunch if you want in cold storage, that's not what I mean. If you buy something in USD and there was an option to pay for it in Bitcoin then you're not walking the walk. Velocity is how much/often the damn currency changes hands. If you're not using it then it becomes a trading card instead of something you can use to buy some groceries. Set aside a few hundred bucks in Gemini (low risk as it's not much money at a time) and fucking use it! Spend it.
That is all.
submitted by /u/mutantfreak
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Source and link to Reddit topic: How to help bitcoin succeed
Author: Reddit.com
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