Adoption! Finally? - page 3. | Bitcointalksearch.org

Artemis3

legendary

Activity: 2030

Merit: 1573

CLEAN non GPL infringing code made in Rust lang

Quote from: Stedsm on September 20, 2019, 05:28:16 PM

We have lately been seeing a lot of big names dipping their fingers into the sweet profitable sauce through Bitcoin's variations and tasting it nicely these days. Names coming out are some of the highly used apps in terms of daily consumption of data through their customers over these apps:

- Japan's Messaging giant Line launches an in-built crypto exchange for their 80M userbase.

- Telegram raised $1.7 billion for its TON token development and released code recently as well as Coinbase is considering on adding it to their exchange.

- Japan's Retail Giant, also known as the "Amazon of Japan", Rakuten has officially launched a crypto exchange where they have now allowed spot trading services to their 850M customers.

And many more...

Still need anything more to believe that Bitcoin is actually being adopted worldwide and everyone has now started taking advantage of this old-yet-highly addictive global cryptocurrency (asset) already?

Finally, something great is gonna come to us, Bitcoiners.

What has the Telegram and Line altcoins anything to do with Bitcoin adoption?

Japan adopted Bitcoin before any other country, long before any company decided to push for their own altcoin. I do not believe in altcoin promotion as a vehicle for Bitcoin, it does to a lesser extent, but it also misleads people especially when they fail, and fail most of them will...

Your pompous thread title would have fit when Japan allowed the usage of bitcoin for payments, but not for these late comers.

hv_

legendary

Activity: 2548

Merit: 1055

Clean Code and Scale

Hodling -> selling to greater fools is not (healthy) adoption.

Use is.

Scarcity is not enough, it is needed, but not everything

Gold has lots of different use cases, so it got to the 4000y old 'store of value'.

pinkpanther03

hero member

Activity: 1092

Merit: 501

Quote from: davis196 on September 21, 2019, 01:06:11 AM

Well,bitcoin adoption in Japan is going very well,but what about other countries.
Having massive bitcoin adoption in ONE country doesn't mean that bitcoin is getting adopted everywhere in the world.It's well known that Rakuten is a crypto-friendly company so it's no surprise that they are launching a crypto exchange.
By the way,the title of your thread is pure clickbait. Grin

You really have a point on this matter sir, in fact here in my country we already had an exchange in which are registered under SEC(security exchange commission) and approved by the BSP(banko sentral ng Pilipinas) but still majority of the citizens here are still not aware about bitcoin.

mk4

legendary

Activity: 2870

Merit: 3873

📟 t3rminal.xyz

Quote from: RapTarX on September 21, 2019, 03:21:42 AM

Quote from: lightningmelo on September 20, 2019, 06:04:22 PM

IMO holding bitcoin 100% counts as adoption.

I don't agree with this. A curreny can only be a real currency when it has acceptance. Holding isn't acceptance, as well as there's not much acceptance of bitcoin. There are 700billion people around the world and majority percent of people must have accept it as currency, otherwise, it doesn't fulfill the requirements of a currency. There are only a little percent of country where bitcoin is widely accepted, others are far away from it.

Quote from: BITDV on September 21, 2019, 03:28:33 AM

Quote from: lightningmelo on September 20, 2019, 06:04:22 PM

IMO holding bitcoin 100% counts as adoption.

You're buying and holding an asset you think will appreciate due to it's qualities. You don't need to be trading or buying with it to count towards the "adoption metric".

Holding bitcoin/crypto is not a true adoption, it's investing. Adoption is something that can create a value, ecosystem and will bring more value. Adoption mean, people using crypto and use it as business utility, make value for crypto.

Well, holding definitely doesn't fulfill the currency use case of bitcoin, but I'd say it counts as "adoption" for the SoV/digital gold aspect of bitcoin. If people buy it to store they money into bitcoin instead of banks(as a hedge against fiat), I'd say that's still a good thing regardless if they use it as a currency or not. Holding money into bitcoin, while mostly being done for investing and speculatory purposes, just like how people store money into gold for hedging purposes, but not necessarily for investment purposes.

One of my recent quotes lately(that's slightly relevant to this topic): "Bitcoin isn't a get rich quick scheme, it's a don't get poor slowly scheme." -Jameson Lopp

kryptqnick

legendary

Activity: 3332

Merit: 1404

Join the world-leading crypto sportsbook NOW!

Well, two examples out of three come from Japan, and this country is particularly welcoming with cryptocurrencies compared to other countries. Moreover, cryptos are not property/securities or whatever else, Bitcoin is legal tender. So they recognise it as money. Not everything is great there for crypto businesses, though, because if I remember correctly the taxes are not very favourable.
Anyway, returning to the question of adoption, it seems to me that it's still too early to day whether cryptocurrencies will receive global adoption or just to something enthusiasts and traders use.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Bitcoin is legal as a means of payment in Japan from April 2017, but since then adoption didn't take too much momentum there. However, legislation has made it possible for many people to accept Bitcoin in their day-to-day business. One thing is for sure, you won't be hungry or thirsty in some parts of Japan if you have BTC in your wallet, there are a number of cafes and restaurants that accepts crypto.

If we look number of places that accept BTC in Tokyo and the surrounding area we can see that there are over 100 places that are crypto friendly, but fact is that Tokyo is have almost 14 million people and it is one of the biggest city in the world.

https://coinmap.org/#/world/34.49750272/144.07470703/6

Carlton Banks

legendary

Activity: 3430

Merit: 3080

Quote from: Kakmakr on September 21, 2019, 03:15:58 AM

Let's push for Bitcoin adoption and not for Alt coin or GovCoin or Blockchain tech adoption. Angry

that problem takes care of itself, really

Any coin not backed with sufficient hashrate and accumulated proof of work isn't resistant to gangsters stealing people's money. No demand for that kind of money, unsuprisingly.

So businesses who think it's easy to start a cryptocurrency simply don't yet understand this tech and this market. Which means you'd be unwise to shop with them anyway, why reward or encourage behavior that's not smart?

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: RapTarX on September 21, 2019, 03:21:42 AM

Quote from: lightningmelo on September 20, 2019, 06:04:22 PM

IMO holding bitcoin 100% counts as adoption.

I don't agree with this. A curreny can only be a real currency when it has acceptance. Holding isn't acceptance, as well as there's not much acceptance of bitcoin. There are 700billion people around the world and majority percent of people must have accept it as currency, otherwise, it doesn't fulfill the requirements of a currency. There are only a little percent of country where bitcoin is widely accepted, others are far away from it.

in certain scenarios you could consider "holding" to be actual adoption.

first of all i completely agree with what you said about a currency, that is how bitcoin should be treated and that is the only case we can call adoption. but the problem is that there still aren't that many places that accept bitcoin as payment. so for example even if i believe in bitcoin as a currency and want to spend it, i still can't do it in 99% of cases. so my only option is to dump my fiat for bitcoin and continue accumulating and holding bitcoin until that changes. which it is changing but slowly.

BITDV

legendary

Activity: 1400

Merit: 1001

Undeads.com - P2E Runner Game

Quote from: lightningmelo on September 20, 2019, 06:04:22 PM

IMO holding bitcoin 100% counts as adoption.

You're buying and holding an asset you think will appreciate due to it's qualities. You don't need to be trading or buying with it to count towards the "adoption metric".

Holding bitcoin/crypto is not a true adoption, it's investing. Adoption is something that can create a value, ecosystem and will bring more value. Adoption mean, people using crypto and use it as business utility, make value for crypto.

It just like you adopt a dog, in your home you just keep it. Not make an environtment, not care about your dog, not feed your dog. is it will make your dog bigger? not, your dog will die, you just keep and not feed it, play with it.

In other case : you make a token, and then just keep in. Not building platform not create ecosystem, so why people need to buy your token? what's the diffrent with trashcoin?

RapTarX

hero member

Activity: 1358

Merit: 851

Quote from: lightningmelo on September 20, 2019, 06:04:22 PM

IMO holding bitcoin 100% counts as adoption.

I don't agree with this. A curreny can only be a real currency when it has acceptance. Holding isn't acceptance, as well as there's not much acceptance of bitcoin. There are 700billion people around the world and majority percent of people must have accept it as currency, otherwise, it doesn't fulfill the requirements of a currency. There are only a little percent of country where bitcoin is widely accepted, others are far away from it.

Kakmakr

legendary

Activity: 3542

Merit: 1966

Leading Crypto Sports Betting & Casino Platform

There are a difference between Bitcoin adoption and Crypto currency adoption. These companies are not adopting Bitcoin, they are developing competition for Bitcoin and all of these Blockchain based technologies are competing to dethrone Bitcoin. Angry

Yes, Japan are at the forefront of Bitcoin adoption, but there are a lot of other technologies and private Blockchains that are getting market share and it is not good for Bitcoin adoption. Tongue

Let's push for Bitcoin adoption and not for Alt coin or GovCoin or Blockchain tech adoption. Angry

Carlton Banks

legendary

Activity: 3430

Merit: 3080

I personally think the Hong Kong situation has the potential to make the biggest difference. It's a shame that it takes such a critical situation as a catalyst, but hey, gangsters gotta gangsterize Roll Eyes

Hopefully though, things could unfold (long term) in the following fashion:

Small businesses all over Hong Kong start taking BTC, and convert any HKD they take immediately to BTC
Continuing turmoil causes HKD to become riskier, tourists begin to use BTC in Hong Kong
Someone comes along and starts up an alternative Hong Kong stockmarket, priced in BTC

As soon as step 3 happens, that could be the tipping point for a worldwide domino effect. And it may eventually sound like an attractive proposition to market traders in Hong Kong and everywhere else; central bank mismanagement is gradually rendering the currencies they're mismanaging an increasingly bad option, while Bitcoin's management is slowly but surely demonstrating it's longevity in competence. Stock and contracts are almost always worth something, whereas (centrally managed) currencies are purely notional in value: you can give people the notion just as fast & easily as they can discard it

Mulann2

member

Activity: 686

Merit: 35

Quote from: Stedsm on September 20, 2019, 05:28:16 PM

We have lately been seeing a lot of big names dipping their fingers into the sweet profitable sauce through Bitcoin's variations and tasting it nicely these days. Names coming out are some of the highly used apps in terms of daily consumption of data through their customers over these apps:

- Japan's Messaging giant Line launches an in-built crypto exchange for their 80M userbase.

https://www.coindesk.com/line-officially-launches-crypto-exchange-for-80-million-users-in-japan

- Telegram raised $1.7 billion for its TON token development and released code recently as well as Coinbase is considering on adding it to their exchange.

https://www.coindesk.com/telegram-finally-releases-code-for-its-1-7-billion-ton-blockchain

- Japan's Retail Giant, also known as the "Amazon of Japan", Rakuten has officially launched a crypto exchange where they have now allowed spot trading services to their 850M customers.

https://cointelegraph.com/news/japans-retail-giant-rakuten-officially-launches-crypto-exchange/

And many more...

Source:
https://news.bitcoin.com/apps-gone-crypto-popular-apps-are-adding-crypto-capabilities/

Still need anything more to believe that Bitcoin is actually being adopted worldwide and everyone has now started taking advantage of this old-yet-highly addictive global cryptocurrency (asset) already?

Finally, something great is gonna come to us, Bitcoiners.

Honestly, these are sign of good things ahead of crypto community, there is no more denying it, crypto is gradually gaining grounds and hardly anything anybody can do to stop this revolution coming, a drop of water makes a mighty ocean, btc is changing the way people do business and transact, crypto is the future no doubt, they can try as much as they can to shut it down but it is unstoppable, better to get involve now or get left behind, it is that simple Grin

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need a Marketing Manager? |Telegram ID- @LT_Mouse

With this big companies accepting crypto, the adoption of it is slowly increasing. Japan is known when it comes to crypto and blockchain because they accepted it. With this news coming every time, the adoption is rising but it will be a long term process. Regarding the Bakkt, I don't want to expect too much of it in the short term since it has been created to increase awareness to other people. In the long term it will help but don't expect that Bitcoin will rise and pump in short term.

ChrisPop

legendary

Activity: 2324

Merit: 1035

Not your Keys, Not your Bitcoins

Adoption is going to be a long-term process like it was with the telephone and internet. Of course that big companies with large userbases represent great advancements in terms of adoption indeed. However there is still a long way to go. My take is that the biggest "target" for Bitcoin and cryptocurrencies are the unbanked peoplew which are billions. As a friend said there are more people with access to internet than access to potable water.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: GreatArkansas on September 20, 2019, 10:02:48 PM

Add also this one of the biggest financial company called Bakkt.
Bakkt could be also helpful for Bitcoin adoption. They will launch on Monday. Lot of people waiting for it. On monday, lot of people will start to talk about Bitcoin. We are just starting.

Maybe the expectations of Bakkt are too big, I'm afraid that some might end disappointed. From price rise to adoption, these are the effects that some think Bakkt might influence but I'm very cautious regarding that. And I don't think they can influence for Bitcoin to become mainstream, it's not possible to my opinion. Still, let's wait and see for actual effects will be.

davis196

hero member

Activity: 3206

Merit: 940

Well,bitcoin adoption in Japan is going very well,but what about other countries.
Having massive bitcoin adoption in ONE country doesn't mean that bitcoin is getting adopted everywhere in the world.It's well known that Rakuten is a crypto-friendly company so it's no surprise that they are launching a crypto exchange.
By the way,the title of your thread is pure clickbait. Grin

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: GreatArkansas on September 20, 2019, 10:02:48 PM

Add also this one of the biggest financial company called Bakkt.
Bakkt could be also helpful for Bitcoin adoption. They will launch on Monday. Lot of people waiting for it. On monday, lot of people will start to talk about Bitcoin. We are just starting.

Bakkt was over the news for quite some time; people were talking for some time. That clearly won't start Monday.
Indeed, Bakkt can help with institutional (big) investors, but that could take some time too, clearly not overnight.

Miklight88

copper member

Activity: 238

Merit: 1

GDZKVBV3L3JU5TFDBWMUMPZAHD3OSM2I3TAJRWPG7KU5U4UZCI

there has always be an adoption but it was slow as we are just gettinng involve with little understanding which has made many to study and see the good effect of crypto has brought us this far and will make it more known for every one to use.

Alert31

member

Activity: 1041

Merit: 25

Trident Protocol | Simple «buy-hold-earn» system!

In terms of adoption in different technology ,Japan is always present. Now in crypto currency they also active and most of them are using and investing in cryptocurrency which is a big help to increase mass adoption. But i think totally adoption in cryptocurrency will happen if people all over the world will accept and be able to use crypto. Not only those invest more like those big people in the market but also those small people that also patronizing a cryptocurrency.

Topic: Adoption! Finally? - page 3. (Read 725 times)