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Topic: Bitcoin Adoption - Climate Change - Internet Access (Read 404 times)

sr. member
Activity: 2828
Merit: 357
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For me, we can not replace fiat currency immediately even if we say we already have an alternative method like crypto.
Actually even in long run there is no replacement that will happen,Fiat will remain for physical transactions while crypto for online
or depend on the demand of both parties,because admitit or not Fiat and Gold is part of our living and without this there might be imbalance that will happen
in economy.
Many places are still don't have internet access especially for those far from the city. There are also people who accustomed to the old-fashioned way of using centralized services, but I noticed after pandemic and disaster happened, more people are now getting interested to know about bitcoin and other crypto currency because they now already seen the advantages of having it. If we still continue promoting and pushing bitcoin i think as time pass by the full adoption will be possible.
only those isolated places mate but more than 70% as I estimate has access in internet.

Because as I have going from place to place even in the Mountain mobile is available though the signal is really poor but still they have access.
jr. member
Activity: 448
Merit: 4
For me, we can not replace fiat currency immediately even if we say we already have an alternative method like crypto. Many places are still don't have internet access especially for those far from the city. There are also people who accustomed to the old-fashioned way of using centralized services, but I noticed after pandemic and disaster happened, more people are now getting interested to know about bitcoin and other crypto currency because they now already seen the advantages of having it. If we still continue promoting and pushing bitcoin i think as time pass by the full adoption will be possible.
full member
Activity: 1274
Merit: 104
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I think the internet is evenly distributed in all countries but internet usage is not yet maximal and needs further education
In fact, this pandemic is very helpful in the shift from people who don't know about the internet to forcefully understand and use it
in my country there are many people who always talk about bicoin but unfortunately they lack knowledge about bitcoin itself so they are often cheated by other people and have a negative effect on bitcoin
full member
Activity: 840
Merit: 105
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Just as educating people about climate change isn't enough to save the planet, it's apparent that educating people about bitcoin isn't enough to push for full adoption. No matter how knowledgeable people become of Bitcoin, full adoption won’t be possible if we can’t figure out an efficient way to access and use bitcoin outside the Internet. Only 57% of the world’s population has internet access, and a large portion of those with internet access suffer from a poor connection. That part has to be fixed first.


I also see that not all areas are covered by the internet, there should be a significant change so that remote areas can be reached by the internet and those who dream of internet networks to their homes can be used to work in the crypto world. everything needs an internet network to get all the information, especially crypto currency, without an internet network crypto currency is useless.
full member
Activity: 455
Merit: 102
On that problem of climate change; based on things I have learnt, every source of energy still have their ways of affecting the surrounding environment (maybe I’m wrong). Once saw this topic of climate of change being discussed on Twitter and someone recommended solar energy but another person that it can desert the environment/land and cause it to be infertile, or something like that.

Maybe there are safe energy source that I am not aware of, but all the energy sources that were mentioned had negative sides that people mentioned about them. Then as for Bitcoin, I believe that we have done enough, with time it’s going to grow, it’s not something we can force on people. Just watch and see.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
First of all, let's admit that bitcoin will never outtake fiat. On third world countries that there is lack of electricity, I consider bitcoin a useless medium of exchange. Broadcasting transactions through SMS does sound good in some countries, but again a mobile device is needed. A piece of paper doesn't need anything than itself.

In the beginning of bitcoin, a bitcointalk member had created physical coins with private keys. This way, we can visualise bitcoin as a physical currency but again, it requires too much work comparing to a dollar. Even if someone buys 0.001BTC as a physical coin, he has to have internet access to use the change of a transaction.

So I guess bitcoin can't be always helpful. Now about the climate change, I don't know how much damage miners do, but fiat needs trees if I'm not mistaken. Lots of them.
member
Activity: 630
Merit: 11
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Precisely why to increase the adoption of Bitcoin and other cryptocurrency there are various fintech companies who have started issuing cards which can be used by any person as a mode of payment.
full member
Activity: 588
Merit: 103
Suppose internet access is available in all countries, and people will not have any problem to access internet connection. In that case, bitcoin adoption can be easy because people will see many advertisements on many websites. That can make people curious, and they will search for more info about bitcoin. And if that happens, the process of bitcoin adoption will grow, and the number of people who will join in the bitcoin world will also increase. I just hope that the adoption will increase in the next year after the pandemic is ended soon.
I think the internet is evenly distributed in all countries but internet usage is not yet maximal and needs further education
In fact, this pandemic is very helpful in the shift from people who don't know about the internet to forcefully understand and use it
in my country there are many people who always talk about bicoin but unfortunately they lack knowledge about bitcoin itself so they are often cheated by other people and have a negative effect on bitcoin
jr. member
Activity: 278
Merit: 1
We are now the era of technology, most business and companies make use of internet across the nation and very easier way of communicating and purchasing goods online and booking by using bitcoin assets. And the system has been adopted, as long internet exist.
hero member
Activity: 2604
Merit: 816
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Suppose internet access is available in all countries, and people will not have any problem to access internet connection. In that case, bitcoin adoption can be easy because people will see many advertisements on many websites. That can make people curious, and they will search for more info about bitcoin. And if that happens, the process of bitcoin adoption will grow, and the number of people who will join in the bitcoin world will also increase. I just hope that the adoption will increase in the next year after the pandemic is ended soon.
jr. member
Activity: 96
Merit: 3
Internet connection plays a big role in the adaptation of the cryptocurrency because without it we cannot have any access at all to the crypto world. Just like in our country sometimes it is hard for me to have any online transaction because of having an unstable internet connection, whenever I am going to send a fund to another crypto wallet, it takes time before you can send it. It is convenient to have access to your crypto wallet and have a good transaction whenever you have a strong internet connection.
As long as there are people who cannot properly access a internet connection and the device that they will use we won't be having huge steps towards bitcoin adoption but in my opinion, for us to fully adopt bitcoin worldwide we need multiple keys, its like a door that need like 3 keys for you to open it, same with bitcoin its need to have proper education about it, device and a internet connection, if we can't have all of those three we will truly have a rough road ahead of us and for it to happen it is a lot of preparation.
legendary
Activity: 1848
Merit: 1982
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I liked the comparison between Bitcoin and the global climate problem, yes, it is true. It is not enough to know people about the problem of climate change and global warming in order to solve this problem. There must be solutions on the ground, also Bitcoin is the same. Knowledge about Bitcoin is not enough to make it acceptable around the world.
This is true, but if you look at the other side of the picture, you will find that ordinary people cannot make the changes required to make Bitcoin acceptable around the world.These changes need great capabilities and a huge infrastructure, and this is available to governments, and thus governments ’failure to accept Bitcoin will make it difficult for such necessary changes to happen. .
So, from my point of view, I see the need to persuade governments to adopt Bitcoin first, and then it will be easy to do a lot of things through which to obtain adoption of Bitcoin around the world.
hero member
Activity: 2618
Merit: 548
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Bitcoin Adoption

During the pandemic, growth of bitcoin have increased a lot compared to the past years. As a result of people looking for an alternate earning more and more people jumped into bitcoin. More people got into trading, and in some exchanges the trading volume of cryptocurrencies have increased to more than 200%

Climate Change

Lot of changes have happened with the climate. In particular the ozone layer is healing itself as more number of industries have shut for a long. The release of toxins released to the atmosphere has decreased a lot.

Internet Access

The usage of internet has peaked to the top as more and more number of people have started work from home. Moreover the education for school students too happening through online classes. This is good from one view, but surely affects the health in the long run.
sr. member
Activity: 1876
Merit: 318
I think Bitcoin adoption is more complicated than we thought, because it doesn't just require an internet connection. But promotion
and education is also needed related to Bitcoin, because the increase in internet users does not guarantee Bitcoin adoption. As we
know there are still many people who don't understand Bitcoin, how can Bitcoin adoption happen, if the majority of people don't
understand Bitcoin. So the government's role is needed to accelerate Bitcoin adoption, because if the government accepts Bitcoin
as a whole, there will be many merchants who accept Bitcoin for payment. And this leaves people with payment alternatives other
than fiat.
full member
Activity: 574
Merit: 101
Climate change affects the internet connection in our country, whenever there is a strong rain it really affects the speed of our internet connection and by that time, it's really hard for me to access my wallet, you can only see a loading screen. The slow internet connection not only affects the crypto wallet, it also affects some online transactions, studying online, and anything that can use the internet. It really sucks because you can do properly the things you need to do because of the hindrance of having slow internet.
 
full member
Activity: 574
Merit: 125
Internet connection plays a big role in the adaptation of the cryptocurrency because without it we cannot have any access at all to the crypto world. Just like in our country sometimes it is hard for me to have any online transaction because of having an unstable internet connection, whenever I am going to send a fund to another crypto wallet, it takes time before you can send it. It is convenient to have access to your crypto wallet and have a good transaction whenever you have a strong internet connection.
member
Activity: 1358
Merit: 81
I have not researched deeply on this topic that I am going to share. But it could be useful to consider how to use Bitcoin without the Internet.

https://blockstream.com/satellite/

I am also concerned about some nations around the world that have poor internet service and their citizens may not be able to reap the benefits of using Bitcoin.
legendary
Activity: 2030
Merit: 1189
If you think about it, full bitcoin adoption has some similarities with the global campaign against climate change. To slow down climate change, we need to significantly cut down on our use of fossil fuel and start relying on safe and renewable resources. To fix the flaws and imbalance created by the centralized financial system, we need to start adopting a decentralized currency--Bitcoin. We need to deal with our dependence on fiat currency to improve our financial system just as we need to deal with our dependence on oil to fix our climate problems.  

Just as educating people about climate change isn't enough to save the planet, it's apparent that educating people about bitcoin isn't enough to push for full adoption. No matter how knowledgeable people become of Bitcoin, full adoption won’t be possible if we can’t figure out an efficient way to access and use bitcoin outside the Internet. Only 57% of the world’s population has internet access, and a large portion of those with internet access suffer from a poor connection. That part has to be fixed first.

Some suggested creating a system that allows sending Bitcoin through the use of a third party SMS wallet provider or broadcasting Blockchain data over DVB-T, but how sure are we that those can promote unlimited access to digital currency? And how about those who don't have access to digital devices? I'm guessing we won't be able to completely get rid of fiat currency even if crypto supersedes it. I'm patient and hopeful though. Please let me know if there are new technologies made to address this issue. I'd love to learn about them so I can include them in the information I'm sharing others about Bitcoin. ;-)  
I totally get you, and your analogy of BTC to climate change. Like many know that we need to take action but because there are not instant rewards associated with dealing with the issue no one really takes the initiative to do something about it. 

About the unavailability of internet playing a major drawback to the adoptability of crypto, that is true. However, there are current solutions poised and one I'd like to draw attention to is Starlink, a global network giving internet access to areas not previously covered or hard to reach. The timing of this satellite is just around the corner, 2021.

I suppose there are 2 immediate challenges with this: 
 1. Is 2021 enough time to allow for this global network access possible given the pandemic?
 2. If the 1st challenge is overcome the next one to consider is how long until SpaceX is able to give everybody FREE access to internet?

It is the latter that will present most benefits to crypto, helping it expand to unprecedented numbers. In addition, overcoming the 2nd challenge will improve people's lives in general by giving them access to information.
legendary
Activity: 3122
Merit: 1102
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Just as educating people about climate change isn't enough to save the planet, it's apparent that educating people about bitcoin isn't enough to push for full adoption. No matter how knowledgeable people become of Bitcoin, full adoption won’t be possible if we can’t figure out an efficient way to access and use bitcoin outside the Internet. Only 57% of the world’s population has internet access, and a large portion of those with internet access suffer from a poor connection. That part has to be fixed first.

I have to agree in this whole context.
There are some areas where it needs to be fixed to fully acquire Bitcoin adoption globally and this has been mentioned above.
I can see this as an arising problem besides volatility when people specially here in the 3rd world country that's suffering for a very poor internet connection are actually starts using decentralized currency like Bitcoin.
I mean we have everything in the internet to acquire knowledge in cryptocurrency, but are still struggling to find mass adoption.
Not to really negative when it comes to full adoption scale but we are really heading there but not on to the extent that it would become mainstream.

As mentioned where there are things in life or in reality that cant really changed up no matter how hard to pursue it.This isnt a problem that can really be solved in an instant
specially on internet connection talks where there are really places on the world which havent been reached out by net.

with this alone then its already a great factor that do really affect towards full adoption.

aiming for mainstream adoption is really still out of the question. bank and fiat money will still be the major go-to of the world population. but slowly, more and more crypto users are getting on board as they figure out the benefits brought about by the usage of crypto. but still, even if they are crypto users, they are also fiat money users. because right now, the use of bitcoin or crypto as payment method is still limited. but as we progresses in this digital age, we will expect more institutions to accept crypto in their system.
 however, this will take years and years to progress.
and one way to achieve this goal is to boost the internet access to everyone.

just like what facebook is building in africa. this will be their legacy in that region.

https://www.cnbc.com/2020/05/14/facebook-building-undersea-cable-in-africa-to-boost-internet-access.html
hero member
Activity: 2926
Merit: 722
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Just as educating people about climate change isn't enough to save the planet, it's apparent that educating people about bitcoin isn't enough to push for full adoption. No matter how knowledgeable people become of Bitcoin, full adoption won’t be possible if we can’t figure out an efficient way to access and use bitcoin outside the Internet. Only 57% of the world’s population has internet access, and a large portion of those with internet access suffer from a poor connection. That part has to be fixed first.

I have to agree in this whole context.
There are some areas where it needs to be fixed to fully acquire Bitcoin adoption globally and this has been mentioned above.
I can see this as an arising problem besides volatility when people specially here in the 3rd world country that's suffering for a very poor internet connection are actually starts using decentralized currency like Bitcoin.
I mean we have everything in the internet to acquire knowledge in cryptocurrency, but are still struggling to find mass adoption.
Not to really negative when it comes to full adoption scale but we are really heading there but not on to the extent that it would become mainstream.

As mentioned where there are things in life or in reality that cant really changed up no matter how hard to pursue it.This isnt a problem that can really be solved in an instant
specially on internet connection talks where there are really places on the world which havent been reached out by net.

with this alone then its already a great factor that do really affect towards full adoption.
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