A better way to bring about adoption of blockchain and crypto-currency - page 2.

Fredomago

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Quote from: NathanJB on October 08, 2019, 10:18:46 AM

Quote from: Cjblog on October 02, 2019, 02:33:05 AM

Hello everyone...
Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this? Which better can we drive adoption to the blockchain and crypto-currency industry...
Your opinion matters

Hopefully, a lot them will go a long way in boosting the participation in these industry.

Bitcoin is going to be widely adopted if people will start spending them and business establishments will start accepting them. That is one ideal state of Bitcoin being a currency. If that happens, Bitcoin has already reached its objective. That is what Satoshi Nakamoto wanted. But before that happens, certain hindrances have to be ironed out first. One of these is the fact that Bitcoin is still not legal in many countries. Another would be the fact that Bitcoin at this stage is not yet capable of processing thousands or even millions of transactions at the same time.

Given those points that you've mentioned, bringing blockchain being used around financial institutions together with establishments and financial institutions will be the trigger point to attract more people to use this system not just for store assets but probably to serve the real intentions of
this chain.

Though not being recognized by most countries around world and having problem dealing with numbers of transactions that can process is really a big concern which needed to resolve to build strong foundations and trust from the community.

CLS63

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Adoption for cryptocurrencies is possible with regulations. If governments decide to regulate Bitcoin or all the cryptocurrency market in the future, the adoption will be more easy compared to now I think.

NathanJB

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Quote from: Cjblog on October 02, 2019, 02:33:05 AM

Hello everyone...
Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this? Which better can we drive adoption to the blockchain and crypto-currency industry...
Your opinion matters

Hopefully, a lot them will go a long way in boosting the participation in these industry.

Bitcoin is going to be widely adopted if people will start spending them and business establishments will start accepting them. That is one ideal state of Bitcoin being a currency. If that happens, Bitcoin has already reached its objective. That is what Satoshi Nakamoto wanted. But before that happens, certain hindrances have to be ironed out first. One of these is the fact that Bitcoin is still not legal in many countries. Another would be the fact that Bitcoin at this stage is not yet capable of processing thousands or even millions of transactions at the same time.

CryptoBry

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Quote from: Cjblog on October 02, 2019, 02:33:05 AM

Hello everyone...
Seeing as the Blockchain industry and crypto-currency market are still running low on adoption. It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries. What is your take on this? Which better can we drive adoption to the blockchain and crypto-currency industry... Your opinion matters. Hopefully, a lot them will go a long way in boosting the participation in these industry.

Aside from spreading the many good things on Bitcoin and even cryptocurrency in general, we should also focus on the needs and wants of the merchants or the business community so that we can bring more and more enterprises to accept Bitcoin and even encourage them to use Bitcoin in the conduct of their day-to-day business. There are many concerns that businesspeople must voice out so that solutions can be found.

Another thing is to get the endorsement from popular personalities like entertainment star, welll-followed politicians and leaders of different countries and also sports stars whop are admired by millions. The more we can get to understand and promote for Bitcoin for free, the more that people will be noticing Bitcoin. We should be asking different big exchanges to also start advertising their business with Bitcoin as the secondary message.

I think there are a lot of ways we can do and help to achieve more adoption and sue of Bitcoin even if this whole thing is decentralized and has no definite advertising and PR budget.

Pumared

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If you want something to be adopted quickly give it a use, show that what we have is better than what is already used. Bitcoin's great difficulty with mass adoption is its difficulty and the laziness of people leaving the comfort zone

lobat999

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Quote from: Wexnident on October 03, 2019, 02:00:17 AM

Quote from: Cjblog on October 02, 2019, 02:33:05 AM

Hello everyone...
Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this? Which better can we drive adoption to the blockchain and crypto-currency industry...
Your opinion matters

Hopefully, a lot them will go a long way in boosting the participation in these industry.

Government participation. Really, the only reason why companies are afraid to adopt crypto is cause the government hasn't really accepted its existence as an independent variable in the market. Of course, accepting its existence and regulating itbare two different things. The government should adopt not to control but to become one of crypto and blockchain users. Government in normal situations would consider them being the higherups or those with power. But when they enter the crypto world, they would be equal to us users no matter how much their influence can reach to be.

I absolutely agree! I think we should lobby our Government specifically our local politicians to promote and embrace blockchain technology and cryptocurrency so that once its utilized inside Government processes and functions, people will naturally adhere and adopt it also!

Let us think that the Government will play a key role in promoting and bringing about adoption of these wonderful emerging technologies and without its support, a genuine mass adoption will never be truly achieved. Imho.

Lalafell

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The best way to make people aware of bitcoin and crypto currencies is to spread out its knowledge. How it may possible? Producing some content with images, videos, and text already helps the people to be aware on what are cryptos really is. Quality content is still needed for our community, and showing that cryptos can be used is another way to encourage their use.You can make ads regarding the uses of blockchain technology, because many of them didnt know the advantages of our system. Sharing some quality content about cryptos on your social media accounts could be a helpful thing to spread knowledge.

adzino

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Quote from: Cjblog on October 02, 2019, 02:33:05 AM

Hello everyone...
Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this? Which better can we drive adoption to the blockchain and crypto-currency industry...
Your opinion matters

Hopefully, a lot them will go a long way in boosting the participation in these industry.

The best way is to make people aware of bitcoin and crypto currencies is to spread out its knowledge. People should be made aware of the financial freedom they will be getting if they use crypto currencies. Again, they should be taught not to focus too much on the negative aspects of crypto currencies since the weight of positive aspects is higher than those of negative aspects. They should be shown all the advantages of using blockchain in different sectors. Finally, they should be taught how to use them (not a difficult task since using crypto currency is as easy as sending money from paypal).

ice098

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You can make ads regarding the uses of blockchain technology, because many of them didnt know the advantages of our system. You mag create an artilcle to in whick you may tell what are the steps in order for them to create wallets, to trade and to earn. Proper knowledge that we will give to them is the greatest approach we can give.

Pumared

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Activity: 1316

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Quote from: Cjblog on October 02, 2019, 02:33:05 AM

Hello everyone...
Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this? Which better can we drive adoption to the blockchain and crypto-currency industry...
Your opinion matters

Hopefully, a lot them will go a long way in boosting the participation in these industry.

Producing content with images, videos, and text already helps make people inclined to research cryptos. Quality content is still needed for our community, and showing that cryptos can be used is another way to encourage their use.

qiman

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My Wife is a huge Blockchain enthusiast, but she often tells me the treatment of women in this Cryptocurrency and Blockchain space is abysmal at best and that there should be a way to bring in more ladies into this niche if the majority of people involved, mostly Men, would behave better. Women love to shop and spend /save their disposable income, so they would make good spenders of Bitcoin and also good Hodlers, which would increase the Market Cap potentially to more than double we are at right now. So facilitating the entry of women into the world of Blockchain and make it more welcoming for them, would increase adoption much fold. It is the responsibility of menfolk to educate and assist their women and try to bring them into the fold, by perhaps opening a Bitcoin wallet first and giving them a gift in Bitcoin? Although with myself, it happened the opposite way, my Wife introduced me to to the Blockchain..

Lucas*

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For sure banks think about the adoption of blockchain technology in their system and they already collect a lot of study about blockchain technology in banking and how it works, so it can help banks in transparency of informations and the rapidity of transactions and the security of transactions.. Also it can help as to buy and sell any thing from the internet and to buy and sell stocks and many other thing.

electronicash

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scam can spread the word for adoption too. they will start to use BTC if more people are getting scammed in paypal, they will start looking for alternative once they got a negative balance to it. merchants need to be scammed that would be a solution for them to start accepting btc. adoption is gradually happening but there is a price to pay for adoption such as that KYC and then tax, its just part of it so there is no escape to that.

kryptqnick

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Regulation as a major factor of adoption was already mentioned, but I don't think it's the game-changer here. Especially if regulations are strict, it can even have an opposite effect and draw people away from using Bitcoin. As for other things that can help with adoption, I think we should not underestimate the role of popular culture. I noticed that Bitcoin gets mentioned in mainstream TV series more and more often. Such mentions in movies and TV series, in fiction literature and depiction in contemporary art, Bitcoin as a part of board games and some Bitcoin-related quizzes - all of this makes people hear the word more, and when you hear it for the 5th time you might get interested in trying it out.

Upgate

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Cryptocurrency would start getting better adaptation when we start explaiing to others the other uses and functions of cryptocurrency other than just being a means of making extra money

Eclipse26

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There are a lot of bigger factors that can help in achieving blockchain and cryptoccurency adoption. But we just don't wait for big and influential people to make action for the adoption. In order for us to achieve it, is to make everyone work for it. We as an individual may be small and weak but if we function all together, we can achieve it.

Just like what I have said, we just don't depend on the action of big people, we can also help in achieving adoption by just introducing it to people around you. It looks like it doesn't help at all, but if you're going to add everyone's acquaintance whom they have introduced crypto, then it'll be a big factor.

jostorres

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This is a new system, and adoption will be a gradual process, and the first approach is for more awareness to be created first, and for more people to be trained on the application of blockchain, because one thing is for people to pick interest In adopting it, another thing is to get blockchain developer.

I have realized that in my country, we have very few Blockchain developers, there are so many organizations that have invited experts to give solution to one problem or the other, but because those people also lack the knowledge about blockchain, they will not be able to advise Blockchain technology as solution, and any of the organization that is aware of blockchain will have to hire an expert overseas which will make it more expensive to run, so I think there is need for more people to be educated on it first.

dessyhodin97

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it all starts from our various surroundings.spreading the word to those around us will be the fastest way to achieve more adoption

mohdk52

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It's hard to say what would be the best way to adopt blockchain and cryptocurrencies. Only testing different ways will give us the answer

Wexnident

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Quote from: Cjblog on October 02, 2019, 02:33:05 AM

Hello everyone...
Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this? Which better can we drive adoption to the blockchain and crypto-currency industry...
Your opinion matters

Hopefully, a lot them will go a long way in boosting the participation in these industry.

Government participation. Really, the only reason why companies are afraid to adopt crypto is cause the government hasn't really accepted its existence as an independent variable in the market. Of course, accepting its existence and regulating itbare two different things. The government should adopt not to control but to become one of crypto and blockchain users. Government in normal situations would consider them being the higherups or those with power. But when they enter the crypto world, they would be equal to us users no matter how much their influence can reach to be.

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