Topic: Bitcoin is taking over (A graphical Illustration) (Read 206 times)
Bitcoin is the future and the future is HERE!
It just doesn't go so well or fair well with what the government and its operatives are doing to bitcoin and cryptocurrencies. Slandering it with every chance they've got especially, when the currency seems to be experiencing a little correction after a supposed bullrun. The government tries to make it seem like a Ponzi scheme trick where, it pumps and dump for a while after, a lot of funds have been taken off investors.
I once came across a thread on the forum, galking about a user who opened up to his account officer on his involvement or investment with cryptos and the account officer took it personal, gong about to investigate everyone of his transactions to be able to establish a crypto relationship. How the system abuses power and freedom when it's got to deal with cryptocurrencies.
I once came across a thread on the forum, galking about a user who opened up to his account officer on his involvement or investment with cryptos and the account officer took it personal, gong about to investigate everyone of his transactions to be able to establish a crypto relationship. How the system abuses power and freedom when it's got to deal with cryptocurrencies.
I beg to differ here, Bitcoin may already be known worldwide but it is yet to attain global adoption yet. If we are to consider the diffusion of innovation model, which is a theory about how new inventions are adopted by the society, and it has five distinct categories;
Plus, I believe its highly unlikely this will happen anytime soon. Global adoption is something which requires not only time, but the right sequence of events to happen. However, there is still a somewhat negative stigma around Bitcoin, for example its used by criminals, or its too volatile, and the most recent one being its not good for the environment because miners, and the Proof Of Work isn't great in terms of energy usage. As we know from Edward Bernays, propaganda might just be the most powerful method of actually preventing Bitcoin from adoption, and unless we counteract that with some equally powerful propaganda its not likely to be adopted by the masses.
Bitcoin is a phenomenon that is changing the way finance was seen in the past. In just a decade it has revolutionalized the life of a lot of people. Just imagine what would have happened if Bitcoin was not present in the pandemic time. This is the only asset and payment system that has changed the way the traditional financial business worked. Not only it but it has also encouraged others to invent, which can be seen as everyday a new startup comes up to change a traditional business.
The exact number of Bitcoin users around the globe is hard to calculate because many people keep their money in private wallets and do not reveal their identity. So yes, Bitcoin has been adopted worldwide already.
I beg to differ here, Bitcoin may already be known worldwide but it is yet to attain global adoption yet. If we are to consider the diffusion of innovation model, which is a theory about how new inventions are adopted by the society, and it has five distinct categories;• Innovators
• Early adopters
• Early majority
• Late majority
• Laggards.
...At this point in time, we are probably at the early adopters and bit of the early majority stage. We still have lots of skeptics among the later majority and the laggards (which make up about 50% of the population) who are yet to be convinced or are still fighting it for their personal gain (governments).
There has been tremendous growth these past 12 or so years, but mainstream adoption is not yet upon us. On the flip side, this means there is lots of room for growth.
But, the thing about Bitcoin that most government officials are overlooking is that it doesn’t need government approval. This is where the term decentralised cryptocurrency comes from and it basically means it has no central authority that can manipulate it and no intermediary that can be manipulated.
The community will have to decide what direction it will take. The fact that Bitcoin is decentralized wont do us any good if we stick to centralized exchanges, services, and sites that require identity verification and cooperate with world governments and Blockchain analysis firms. As long as governments and tax administrations can pressure centralized entities to hand over information about the citizens using their services, there is a lot that we will have to change. 
(1) The green and blue colors on the bitcoin symbol are the colors of vegetation and water bodies illustrating that bitcoin is going global.
Bitcoin has already gone global, if it hasn't gone global, some countries that have wrong understanding about it will not ban it, countries that understand good about it will not support it. It is because it has gone global that makes it the talk all over the world, there is no country in the world now that majority of its citizen will not know bitcoin, even if the major are not using it, bitcoin news is also all over the internet now. The exact number of Bitcoin users around the globe is hard to calculate because many people keep their money in private wallets and do not reveal their identity. So yes, Bitcoin has been adopted worldwide already.
Yet, some central bankers seem determined to stop this from happening.
As the world of finance changes, Bitcoin acceptance faces a problem. Central bankers have convinced themselves that virtual currencies are a threat to their monopoly on money.
Because of mutual interests, that sentiment spreads to government officials as well. Instead of embracing cryptocurrencies, officials are threatening to make Bitcoin illegal. This sudden opposition to an invisible peer-to-peer network has led to a wave of panicked opinion articles on the internet. But, the thing about Bitcoin that most government officials are overlooking is that it doesn’t need government approval. This is where the term decentralised cryptocurrency comes from and it basically means it has no central authority that can manipulate it and no intermediary that can be manipulated.
I don’t mind the idea of Bitcoin spreading around the world and more and more people being involved in that story in some way, but we’re still a long way from some global adaptation that some are dreaming about. I would also point out that many perceive Bitcoin only as something that will allow them to get rich quick or as some kind of magical internet money - which is the source of many problems that are especially manifested through financial losses which are again due to a large increase in crypto scams.
I wouldn't say that "Bitcoin is taking over", rather it is more accurate that Bitcoin is trying to fit into existing systems that are largely fighting it by looking at it as a competition.
Rruchi man, it would be nice to use a more appropriate size image, some members will surely appreciate it. Just insert the link in the next code and choose a size, say something like this :
I wouldn't say that "Bitcoin is taking over", rather it is more accurate that Bitcoin is trying to fit into existing systems that are largely fighting it by looking at it as a competition.
Rruchi man, it would be nice to use a more appropriate size image, some members will surely appreciate it. Just insert the link in the next code and choose a size, say something like this :
Code:
[img width=400 height=300]https://i.imgur.com/3iCn3au.jpg[/img]
(1) The green and blue colors on the bitcoin symbol are the colors of vegetation and water bodies illustrating that bitcoin is going global.
Bitcoin has already gone global, if it hasn't gone global, some countries that have wrong understanding about it will not ban it, countries that understand good about it will not support it. It is because it has gone global that makes it the talk all over the world, there is no country in the world now that majority of its citizen will not know bitcoin, even if the major are not using it, bitcoin news is also all over the internet now. 
Here is an original illustration:
(1) The green and blue colors on the bitcoin symbol are the colors of vegetation and water bodies illustrating that bitcoin is going global.
(2) The stretched hands is illustrating that people are reaching out to be a part of it through this forum.
(3) The mixed skin colors on the stretched hands illustrates how this forum (bitcointalk) is bringing people together of different race and background who share a common interest in bitcoin and other crypto currency to share their thoughts and ideas about crypto currency mostly and other related topics.
Conclusion
It is important that the forum be seen as a place to learn and get the opinion of people from all over the world. Personally, I always had interest in crypto currency, and was always looking to meet others like myself to share opinions; this forum has created that meet up and opportunity.
Information is power, and this forum through the help of its many users has proven to be one of the top runners in dispensing this power called information.
I personally welcome new members and wish you all well in this your bitcoin journey
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