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Bitcoin Adoption and Accessibility
217 sats \ 12 comments \ @luffy 19 Aug 2023 bitcoin
While awareness of Bitcoin is growing, mainstream adoption remains a challenge. The user experience for newcomers can be complex and confusing, and the lack of user-friendly interfaces may discourage potential users from entering this space.
Will bitcoin ever be as easy to use as paypal, cashapp, etc.?
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42 sats \ 4 replies \ @birdeye21 19 Aug 2023
Not sure why people still think BTC is hard to use. Quite literally the easiest way to pay for things out there.
More techy stuff that you can do with bitcoin that shitcoiners scapegoat as their excuse to use their "alternatives" doesn't negate the fact that I can send and receive money instantly without any need for an account or transfer of personal information
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21 sats \ 3 replies \ @BBitcoinUSA 19 Aug 2023
I agree, very easy / much easier than I expected it would be. A lot of would-be newcoiners get scared off or just lose their attention as soon as they hear words like “seed phrase” “private key” “public address” etc. I think adoption would accelerate dramatically if these terms were replaced globally with something more user friendly - “secret passphrase” “private/secret account number” “public account number / or public routing number”
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42 sats \ 1 reply \ @BBitcoinUSA 19 Aug 2023
Change non-custodial wallet —> self-custodial wallet or self-managed wallet
Change custodial wallet —> externally-managed wallet
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18 sats \ 0 replies \ @birdeye21 19 Aug 2023
the whole "custodial/non-custodial/self custody" clusterfuck is definitely a confusing one. why did we agree on this guys
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18 sats \ 0 replies \ @birdeye21 19 Aug 2023
i don't know if it's a terminology problem so much as just a sheer amount of new information, can definitely be intimidating for newcomers
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115 sats \ 4 replies \ @premitive1 19 Aug 2023
Lightning apps are EASIER to use than PayPal and CashApp. And they don't require you to give them your bank account, or ID. And like those apps, lightning is an analog for the base layer, except lightning Bitcoin actually exists, and PayPal dollars are just FIAT.
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13 sats \ 3 replies \ @luffy OP 19 Aug 2023
Well, I think non custodial LN wallets are not easier. Learning about backups and being responsible for yourself without a customer support when you fuck up is def nothing for a lot of people.
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0 sats \ 0 replies \ @premitive1 19 Aug 2023
Also, basic bitcoin layer 1 wallets are as easy as CashApp or PayPal. They simply don't offer all the different services those centralized FIAT companies do.
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0 sats \ 1 reply \ @premitive1 19 Aug 2023
You brought up PayPal and CashApp. I compared lightning to them. They are custodial financial services. Give me an example of a non-custodial financial service and I can try to compare Bitcoin to that.
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13 sats \ 0 replies \ @luffy OP 19 Aug 2023
Of course there isn't. But non custodial bitcoin is one of the main selling points of btc, that's why I mentioned it. Do you think no matter how crappy the UX of a non custodial app is, we can't compare it to traditional financial services because they are custodial?
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10 sats \ 0 replies \ @monaco 19 Aug 2023
Bitcoin could eventually become as easy to use as traditional payment platforms like PayPal and Cash App, but several challenges must be overcome. Enhancements in user interface and experience are crucial, as complex interfaces have been a barrier to entry for newcomers. The integration of regulatory compliance without overly complicating the user experience is another key factor. Education and clear guidance on Bitcoin’s use, security, and benefits will aid in adoption, and collaboration with traditional financial institutions may provide an easier entry point. The technological challenges related to scalability, transaction costs, and security must also be addressed, with solutions like the Lightning Network offering promise. While the pathway to making Bitcoin as user-friendly as mainstream platforms is complex, ongoing innovation, development, and a focus on user-centric design could lead to this becoming a reality.
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11 sats \ 0 replies \ @carlosfandango 19 Aug 2023
Yes. Form follows function… its popular interface will become what it needs to.
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