Bitcoin Adoption - Climate Change - Internet Access - page 2.

Oasisman

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Quote from: roadrunnerjaiv2025 on October 05, 2020, 11:03:35 PM

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.

Sapphire915

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The idea of comparing bitcoin to the global climate change is absolutely true. It both pertains to important changes in our community that is very beneficial to us.
However, the only different is that we can continuosly promote the Climate Change with just our physical efforts and or using our natural resources. While in promoting bitcoin adoption, we really need to access the internet since we cannot perform its features without the technology. I understand that internet access in some places are really slow, just like here in my country, we have a very poor connection but its in the process now of improving since we are all doing our jobs and studies at home because of this pandemic. And I guess if the internet and signal is already stable around the world, bitcoin adoption can be more wider, accessible and be more popular to all humankind.

Yatsan

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It was kinda nice and creative how you do relate Bitcoin adaption into the latest happening which is the climate change. The points stated are essentially good that educating people about Bitcoin is not enough to achieve massive adaption of Bitcoin for actions must be implemented to be able for adaption to get into the system. It is also right that to be able to achieve Bitcoin adaption, the main concern of having accessibility through usage of internet access must be fixed first for only a few of the total world's population have an access on it and a big part are still technically challenged due to slow connectivity that is a main problem or hindrance for access to be able to be successful. Bitcoin adaption must come from educating getting into application of learning of course with concern to accessibility to be able to make it possible for the adaption to be achieved.

sheenshane

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Decentralized currency has an advantage to society(special mention, Bitcoin). But never to the capitalists and traditional centralized financial institutions.
Climate change is a different story, it involves a serious situation that is connected to our habitat. Yes, a habitat that we still need to use fiat, we can't fully replace fiat, not all people worldwide have the same status. Other's lack of internet which is Bitcoin and other cryptos really need. When it comes to finances, these are instruments to control the people. So, they aren't comparable. But if the mass would demand a decentralized financial system, then I guess it will then work.

But I heard that the Prime Minister of Australia is now investing in cryptocurrency projects to save their economy from inflation and provide more jobs.
We will see it then!

Quote from: tomahawk9 on October 06, 2020, 07:30:48 AM

Quote from: roadrunnerjaiv2025 on October 05, 2020, 11:03:35 PM

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 <...>

how about sending BTC through radio waves? some people gave it a go https://bitcoinist.com/bitcoin-sent-ham-radio

I heard this before and also using gotenna. But all these stuff, I don't know how to use.

Chrystora123

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I understand what you want to say here.. to support so that Bitcoin can be adopted en masse, of course, internet access must be easily reached because it is very impossible to transact Bitcoin without internet access. for now, the internet is not evenly distributed and it will take decades to increase the number of users reached by the internet.. This is the reason why we don't need to rush to want Bitcoin to be mass adopted, it's better to let it run naturally. with the development of technology, surely Bitcoin and Altcoins will be massively adopted..

carter34

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Quote from: roadrunnerjaiv2025 on October 05, 2020, 11:03:35 PM

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.

These are two major revolution that is taking over the globe especially fiat and cryptocurrency debate.
The oil burn through various means no doubt affects the climate pattern because it is depleting the ozone. These are two serious concern you have mentioned here.

Viscore

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Quote from: plvbob0070 on October 06, 2020, 09:46:15 AM

Is there really a need to get rid of fiat? No. We all know that that would be hard and bitcoin adoption does not really mean to replace fiat with bitcoin. Crypto is an alternative to find solutions to problems in the current financial system but it also has its weaknesses that fiat can provide that's why instead of thinking of full adoption or totally replacing fiat, they can just work together. And just like how hard we campaign against climate change, we will still continue to use/overuse natural resources because that's an effect of continuously developing things for an easier lifestyle of humans.

Well said,
Anything that will happen in the future is because of us. We have this new technology and we have this climate change as well. It can be negative or positive but have given no choice because that is the result of our doing. We wanted an easy life and this is it. I may blame myself for this but it was late to realize, we've done already and that is why we have to accept what happens next. If the existence of Bitcoin a reason to eliminate fiat money (which is less possible) we have nothing to with that because that's their wants and might worse as the years coming by.

plvbob0070

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Is there really a need to get rid of fiat? No. We all know that that would be hard and bitcoin adoption does not really mean to replace fiat with bitcoin. Crypto is an alternative to find solutions to problems in the current financial system but it also has its weaknesses that fiat can provide that's why instead of thinking of full adoption or totally replacing fiat, they can just work together. And just like how hard we campaign against climate change, we will still continue to use/overuse natural resources because that's an effect of continuously developing things for an easier lifestyle of humans.

tsaroz

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We need a global network to validate the occurrence of transaction between nodes of bitcoin. There is no other networks as comparable to internet. If we in future has a much more decentralized and free form of data transmission, like a free global radio frequency, bitcoin can with collective decision move to it. Unless that happens, internet is a solid tool for verifying the transactions.
Things like SMS transaction are being done but that completely relies on third party holding your coins, which itself is not a great idea.
The only way of moving coins offline is exchanging private keys without keeping a copy, which is practically impossible.

claire_lovely

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There are already a lot of mobile wallets actually, though not sure if they have the direct sending by SMS option yet. I think adoption will keep increasing as many see the benefits of unreversible and uncensorable transactions. I've now been a part of many communities that mainly trade in BTC and the P2P volume is only increasing.

Also as far as creating a future with less emissions, BTC will play a large role in this by being more energy efficient than the traditional banking sector, possible upgrades to Proof of Stake could also drastically cut energy cost.

tomahawk9

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Quote from: roadrunnerjaiv2025 on October 05, 2020, 11:03:35 PM

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.

too bad the ones callings the shots, the ones at the top of the 1% along side banks and govt, will do whatever is in their power to keep the current system going. So why don't we accept the fact the fiat money dependency will never go away, at least not in our lifetime, and just forget about the "bitcoin adoption to improve the worldwide financial system" and move on?

Quote from: roadrunnerjaiv2025 on October 05, 2020, 11:03:35 PM

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 <...>

how about sending BTC through radio waves? some people gave it a go https://bitcoinist.com/bitcoin-sent-ham-radio

Ucy

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It doesn't have to be completely virtual currency. It should be both virtual and physical currency. I sometimes find the idea of eliminating physical currency really strange. If you prefer virtual/digital, then go for it, rather than imposing it on people who prefer something different.
I think you could create a small Local "internet" Network in a community and bitcoins/cryptos could be used and printed in the community like you would use physical currencies. You'll need to build the applications and equipments for this though. And I believe it will be cheap to build.

hatshepsut93

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It's not a problem that the people without Internet access aren't adopting Bitcoin, the problem is that almost everyone who do have access aren't adopting Bitcoin either. If only 0.01% of people with the Internet adopts Bitcoin, than even if you somehow manage to get those 43% without the Internet access to adopt Bitcoin, it probably will be the same percentage or even less. Bitcoin needs exponential growth to achieve mass adoption, and so far it's not working - people are choosing to stay with banks and fiat currency, even if it fails them.

Nhor1011

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Large part of population needs more time to adopt bitcoin and cryptocurrency especially those in remote area without internet connection and doesn't even know what and how to use gadget or modern technology. Another thing is that many people doesn't want to replace fiat with bitcoin.

ultrloa

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Quote from: joniboini on October 06, 2020, 01:57:51 AM

Quote from: ChrisPop on October 06, 2020, 01:40:21 AM

Civilizations need time to adapt. Older generations especially in third-world countries are more on the conservative side so it is very though to change how they do trivial things like making payments.

I think the majority are afraid to use new things, since they need to learn it and who knows which one will scam them later on. I can understand why they're not that open to change, since not all of us are. If anything, I think that's fine though, since in 10 years or so those who shoulder the economy will change to the younger generation, who can adopt changes and learn new things quickly.

Because scam has been highlighted to much on mainstream media that's why it creates fear to the people who doesn't know on what bitcoin really is. But for sure young generation will create a impact on this new technology and once all is been doing great in this industry for sure those people who doubts about things will surely adopt bitcoins and what it can offer to them, although this will take time but slow growth still counts.

dothebeats

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Most changes in ways involve ditching or moving away from one technology towards a new one, or one habit towards a new one that's why you are seeing such similarities. The difference I see between climate change and bitcoin is that the former is a cyclical change that happens every so often, while the latter is an emerging tech looking to change the ways of payments and money as we know it. Climate change is already a given occurrence stated by science (though somewhat exacerbated by human activities for the last 150+ years) while bitcoin is like a new discovery.

While bitcoin's novelty in the financial world is lauded and criticized at the same time, I still don't think that it will completely stomp fiat even in the next few decades. Perhaps cryptocurrencies can, but bitcoin won't. No matter how open the public is in accepting this new fad, it still lacks the flexibility and the 'control' button for regulators to make or break the economy, which is very important considering that the whole financial system is based on control and manipulation of whoever runs the seat, and you can't do that on bitcoin that easily.

Wexnident

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Many would disagree with replacing fiat ngl. Yes, Crypto fills in the disadvantages of the current fiat system, but at the same time, it also provides its own disadvantages. Speed and Tx fees are one, but imo, it's only a matter of time before those are resolved, especially speed with the currently developing of the lightning network. The other would be the decentralized system. The decentralized system forces people to actually take proper responsibility for their funds, not anyone else. Yes, some may actually see this as an advantage, but for those who naturally want everything to be done by others? The centralized system is much more attractive to them, not to mention that we live in a centralized government.

Haunebu

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Expecting cryptocurrencies to supersede FIAT adoption is a fool's gambit in my opinion. As you mentioned, people will never stop relying on oil or FIAT, but the dependency percentage can definitely change though.

We need to logically prove how crypto is a great alternative solution to FIAT currencies. Volatility factor needs to go down along with the TX fees and time.

Most people would not be willing to use a currency that has higher fees, TX times etc when compared to FIAT which is why this should be the priority.

joniboini

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Quote from: ChrisPop on October 06, 2020, 01:40:21 AM

Civilizations need time to adapt. Older generations especially in third-world countries are more on the conservative side so it is very though to change how they do trivial things like making payments.

I think the majority are afraid to use new things, since they need to learn it and who knows which one will scam them later on. I can understand why they're not that open to change, since not all of us are. If anything, I think that's fine though, since in 10 years or so those who shoulder the economy will change to the younger generation, who can adopt changes and learn new things quickly.

ChrisPop

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Civilizations need time to adapt. Older generations especially in third-world countries are more on the conservative side so it is very though to change how they do trivial things like making payments.
But as generations pass and we push the idea of having a decentralized financial system, one day hopefully we'll have full adoption, but until then I am satisfied with lower percentages as well Wink

Topic: Bitcoin Adoption - Climate Change - Internet Access - page 2. (Read 404 times)