The Problems With Bitcoin Keep It From Going Mainstream

For Bitcoin To Become A Mainstream Currency It Needs To Be Understood

Today I am going  to share my thought s on a post from the NYT’s(it’s below as usual) about the reason’s that crypto currencies like Bitcoin are still not used for everyday purchases.

J.P. Morgan Understands Crypto Technology

Big corporations are currently using or developing blockchain technology. J.P. Morgan is one such company that developed a currency called “quorum” that is used on a private blockchain for some of their clients transactions.

J.P. Morgan most definitely understands the blockchain technology, as does IBM, Microsoft and Dish Network. For big companies using the blockchain technology really does make sense.

The blockchain is a very secure way to privately control inventory, orders and payments. Everything is recorded permanently with in the code of the blockchain.

If any issues come up….well then you can view the blockchain just like you would a physical ledger. Most businesses are already familiar with a ledger. So adapting to this new technology is not much more then updating your employees training, most companies already keep their employees up to date on new technologies.

Now for the everyday consumer, I hate to admit it but….

Even after 10 years Bitcoin is still not a mainstream currency because the everyday consumer does not understand how to use it or how to view the blockchain to verify transactions.

I must admit that personally I have found that:

  • You have to setup a Coinbase account. You need it if you want to convert your bitcoin to the USD and then transfer it to your Brick and Morter Bank account.
  • You also should set-up an account with Coin Payments, that way you can easily send any bitcoin or many other crypto currencies to a crypto wallet that you have set up there.
  • I also have a CoinPot Micro Wallet I use it to collect free crypto from all of the faucets list on My Free Crypto Faucets tab. I have to move my crypto from there to either ChillyBot or I can withdraw to a cold wallet for free.
  • I also have a FaucetHub Micro Wallet , I use it to collect free crypto too. The thing with Faucethub is that you must link an existing crypto wallet to your account there in order to collect crypto for free, then you have collect a certain amount before you are able to with draw your crypto.

For the everyday user, crypto currencies currently require that you have several crypto wallets in order to be able to move your crypto around to a wallet that will allow you to convert it to the USD.
faucethub banner

With that being said….I believe that the biggest problem for Bitcoin being able to go mainstream is that I/you have to open so many accounts just so I/you can use crypto currencies for everyday purchases.

I have found that depending on the merchant you are buying from, will dictate whether or not your crypto wallet is compatible with theirs.

Next, the everyday hard working person is not normally tech savvy like you need to be in order understand what your looking at when you view the ledger for said blockchain. Heck I know how to code some and I do not completely understand!!

Friends that I know want to get into crypto currency investing but the main reason that they don’t is because it is so hard to get it to an account that allows you to use it in the real world. Keep in mind my friends are considered middle class citizens, so for them it is a must to be able to use their crypto for purchases , that are as easy with a fiat currency transactions.

Unfortunately, Bitcoin is still hard to use everyday because of all the different accounts one must open just to be able to use Bitcoin for their purchases.

I believe that crypto currencies will one day become a mainstream method of handling financial transactions in our everyday lives. But it will not happen until it becomes easier for the everyday middle class citizen to pay bills and buy their groceries.

When this technology becomes easier to use, meaning a person can have just one or 2 accounts that allow them to make purchases any where they need to, it will then become a mainstream currency.

Right now bitcoin is still nothing more than an investment. For me I really do not risk any thing cause I get most of my crypto for free everyday from faucets and PTC’s sites.

Maybe in another 10 yrs this technology will be easier to use and understand, right now Bitcoin is still growing and is very confusing to grasp for the middle class citizen. Until the markets settle down and crypto becomes easier to use, only us crypto geeks will be using it to buy products and services.

Any ways that’s my thoughts on the subject…..below is the post that I read and it put me on this thought process…..Until crypto settles down and is more widely accepted it will remain a novelty investment and nothing more. Enjoy the post below and let me know what you think.

Traffic wave banner

The Trouble With Cryptocurrency’s Viral Growth

When it comes to Bitcoin and the like, government oversight should be a feature, not a bug.

Read More…

Chillypot banner

Traffic Wave Campaigns Are Easy To Create

Traffic Wave Auto-Responder Campaigns Are Easy To Create

Traffic Auto Responder Banner

coinbase banner
Traffic Wave Auto-Responder has been around for years. I started using them this year after PayPal stopped processing payments for the owners of RocketResponder. I am a big fan of TimTech but unfortunately When I needed to be able to pay for theirs I could not. That left me only one affordable option that was from a source that I knew people whom used it “Traffic Wave”.

TRW is really very easy to use. They offer plenty of support with getting started for you to begin building your E-mail list. If you want you can also find plenty of help with building a business promoting Traffic Wave!

TRW has very active owners and team members. You can join their FaceBook Group and get help from that community rather quickly. They also have a blog that they use to teach you everything under the sun about their service and how to run an E-mail Marketing business from any where you can access the Internet from!
Chillypot banner

Using TRW To Build A Capture Page and News Letter Campaign

Using TRW is easy to learn. They have a great series of videos to help you set up your 1st e-mail marketing campaign. You can choose to use one of their default squeeze/capture pages or you may use a program like Adkreator  or Laughing bird software (I used this software to build my graphics for this sites header and logo) to help you create an awesome looking capture page. I tend to use both of these great graphics programs with each other to create unique graphics.

adkreator banner

Here is a video for you to see how easy it is to use TRW and These 2 awsome programs to build yourself a unique list building, branded squeeze/capture page:

Using an auto-responder to manage your e-mail marketing is very important. Having software like Laughing Bird and Adkreator allows you to create professional capture pages fast and easy.

TRW also allows you to earn an income from promoting it to other marketers and business owners. You can actually create a full time income just from promoting Traffic Wave. The e-mail series I showed you in this video, is provided by TRW…all I did was add a give away report to entice would be subscribers to subscribe to my news letter. By using PLR and Adkreator, Laughing Bird Software along with my TRW account I will be building my e-mail list. With my list I can increase my downlines and referrals for other products and services I promote, plus it’s a good chance that with this series of letters I will earn from building my list since they will too decide that Traffic Wave Auto-responder is the perfect fit for their business.

I hope you enjoyed this post and find it helpful. Laughing Bird Software is available here under the tab Mascot’s 2 Go Mega Collection. For Adkreator just click the banner up above in this post(it will open in a new window).

Until next time peace!!! And Let Me Know What Ya Think…..Good or Bad All Is Welcome!!!

Ethereum Has a Promising Future

Ethereum Has A Promising Future, But That Future May Not Be What We Think

I have been working on building up my Ethereum wallet all summer, and going to school and working on my home. Even though my summer has been busier then I had planned, I have been watching several crypto currencies, ETH is one of them.

A while back I published a post about a token that was being used by J.P. Morgan called Quorum .

Traffic wave banner

Quorum is built on the Ethereum blockchain. It is mostly a privatized blockchain built for businesses, allowing them to conduct their transactions in a secure and transparent manner. J.P. Morgan was able to successfully complete a transaction earlier this year that involved connecting the private token(Quorum) to the public Ethereum Blockchain to complete a financial transaction!!

Several media organizations have also adapted/created tokens based off of the ETH Blockchain. They have done so because they are tired of the powers that be, which is not we the people but rather they the rich, influencing what they report and how they report it. By developing a token and running their media on the blockchain they are taking the power from the few and giving it to the world to control.

Ethereum’s Future Looks Like A Transformation To Me

To my knowledge, and I am very new and by no means an expert, this crypto currency is the 1st one to have it’s blockchain adapted to uses that are not necessarily for financial gains.

Instead what we are seeing is a blockchain being adapted to improve our security and exchange of information while allowing the people to control what happens.

Have you seen or heard of Crypto Kitties? These little digital collectibles are being bought and sold on Ethereum’s blockchain, so we have this blockchain being used for buying and selling digital art!!

I could go on and on…..But I won’t. Instead check out the post below, I came across it and I think that you can learn a lot from reading it. Enjoy and let me know what ya think!

P.S. I know over the summer I have been down to 2 post a weekish…but that is about to change! I am getting back to some of the type of post I am good at…Product comparisions and tutorials. I will still be posting lot’s about crypto but I will also be posting about ways to market online and build your crypto downlines and other downlines more. So please check back later this week and let me teach you and open your eyes about the hype….laterz and peace!!

Opinion: The State of Ethereum

On my latest couple of articles I’ve been kind of focused on Bitcoin and its underlying technology, the blockchain. I discussed the lightning network, why I see Bitcoin as the King of Kings and, of course, why so many people mistake blockchain for DLTs. It’s …

Read More…

Chillypot banner