Topic: Crypto and the Masses (Read 471 times)

And yet there are many other payment systems that can accept payments, for those who want or can only work from home, this is also suitable. Cryptocurrency is a great advantage for those who do not yet have any documents (I mean children) who cannot open an account and create a payment. Also, do not forget about ordinary cash, this method will be relevant for many years in most countries.

  In a banking institution, there is a qualification to have a job, unlike blockchain technology, where there is none. Even if you are at home, you can still use it, which can give an opportunity to anyone who wants to earn a living here.

  And this is something that the banking institution cannot provide if the issue is in terms of giving. It's really bad for people. So this is where cryptocurrency related to blockchain technology is more important.

Are we really the first to use Bitcoin and blockchain technology?

Some of us have been doing this since 2009, while others are just getting started. Early adopters are those who have been doing it for a long time, however we are not late. Adoption of bitcoin and blockchain technology is a gradual process; if you look closely, you will observe how people are becoming more familiar with blockchain technology and bitcoin day by day. I believe that if governments begin to legalize bitcoin around the world, the rate of adoption will increase since some individuals are frightened of showing off their truth on bitcoin investment and adoption, but if the government legalizes it, they will be more confident in bitcoin adoption.

It is easier advocating for adoption and preaching adoption to people in the countries where there are broken economies and things are difficult because once you highlight that Bitcoin has the ability and prospects to change their financial situation they suddenly become interested, in other countries where the situation is not so bad, you need to explore all the benefits that Bitcoin holds to someone that you're trying to talk into considering bitcoins because they may not be interested only if you tell them that it can change their financial situation since they are not doing so bad, but if you can list out and really explain the other benefits it is possible that one would be attractive to these people.

While some people bother themselves about the Bitcoin global adoption, I do not have any problem with the rate at which bitcoin is being adopted. Bitcoin is not an old technology and if you look at the successful technologies we have now, they took much time to become popular and globally adopted. Bitcoin is barely a decade old and it has made so many impacts in the global economy. I can say that bitcoin has made more millionaires than any rising technology in the past. The important thing about bitcoin is that during its early stage, the poorest human being who adopted bitcoin can be very rich now.

So, believing that bitcoin is doing absolutely well, I no longer bother myself on how bitcoin will hit global adoption because this will happen spontaneously. The greatest tool to global adoption is the internet and social media and we know that Bitcoin is already all over the internet, so it is time we allow it happen naturally.

And there are a lot of people falling behind due to the fact they don't have the resources to put toward investments most have never heard of it but the vast majority are finding it difficult to feed and they don't have a job yet so it is going to be challenging to invest for such people, and even now very few people in my region have access to the internet and some even have smartphones but only use it to answer calls and nothing more to even have an idea or even know what blockchain is about.


When they cast a news about bitcoin, it is always about the price, or an issue that has to do with a violation of the law, but none of this stops the progress of bitcoin, and in fact people are learning about bitcoin more and more, and if you want to follow the news, you won't do anything dangerous in bitcoin, you just have to ignore and invest when you can. And now that people can afford bitcoin, they are turning to altcoins, even though experts caution against investing in altcoins.

let's not forget the power of fun. Gamified learning apps, crypto scavenger hunts, and maybe even a meme-tastic explainer video starring a dancing avocado – these are the tools that can make learning about crypto engaging, memorable, and dare I say, addictive.

But knowledge alone isn't enough. We need to show people the real-world magic of crypto. Show them how it can be their everyday superpower – from sending money across borders without breaking the bank to protecting their savings from

What does that even mean? Is Bitcoin not easily accessible? It might not be working perfectly and right now is pretty useless for small payments, but it's easy to access for anyone with a computer or a smartphone. All it takes is to download a wallet and you're free to transact.
It's not like you have to be miner, or even know how things work in the background, to participate in Bitcoins ecosystem.

And if you're looking up to the government to take care of the security for you - then good news! Most of the governments are working on implementing CBDC of some sort, which will take away your privacy, give them almost total control of your wealth, but at least it'll be secure.

As with barter to cash, the move from fiat to Bitcoin is massive and slow. Remember, each technology revolution - from the internet to smartphones - started with skepticism before becoming essential. Bitcoin's trajectory follows suit.

What about scale and impact? Bitcoin represents financial independence to me, not just a currency. We're talking about a new way to transact and a change in money attitudes and use. The ability to offer an alternative to weak currencies and government policies is revolutionary.

The scorn and disinformation phase of any new innovation is necessary. I believe this phase will pass as more people educate themselves and early adopters lead by example. Bitcoin represents a future where financial independence and security are available to anyone, not just the wealthy. Im honored to be part of this significant shift's 150-year legacy as pioneers.

I doubt that bitcoin should be use on our day to day transaction. We know the cons of it like having long transaction time and expensive gas fees. There are ways that the masses can use blockchain technology when the adoption comes, altcoins that has the purpose of being use daily would suffice it. There are still a lot of things that hinders the mainstream adoption and majority of the problem is on the legal side as of now, but as we progress, we had seen a massive improvement compared from 5 years ago. Imagine, we are now waiting on the approval of ETF on bitcoin, those are not being considered 5 years ago.

If we're being honest, it's gonna be decades before the masses adopt Bitcoin as a mainstream alternative to fiat.

This is going to feel like a slow process to use early adopters. But from history's point of view, let's say by 2050 or 2060 Bitcoin is normalized so by then billions of people own some, high hundreds of millions of people use it for savings and low hundreds of millions of people used it regularly or at least occasionally for spending, that's not very long.

For us, who have perhaps been into Bitcoin for 5-10 years already, another 25-35+ years before Bitcoin is widely adopted seems forever, because we like to think in 4 year market cycles (or even shorter time periods) so that's a lot of growth cycles away from now, and that's a significant part of our lives. But if you think about it historically, say in 150 years the history of Bitcoin would go like this: it started from one person in 2009, and 40-50 years later it had organically grown from one person to billions and became the alternative to banks and national currencies for hundreds of millions of people, saving many of them from weak currencies and weak government monetary policies around the world. Historically Bitcoin being adopted by the masses will be fairly quick, but for us mortals with brief lifetimes it's gonna feel slow because it'll literally take around half our lifetime for Bitcoin to be taken seriously and actually used by the masses and for most of the time leading up to that it is going to be ridiculed and despised by most people simply because they have been educated on it by misinformation from equally misinformed people in the media and on the internet.

Why does everyone need blockchain technology? The whole world works on the banking system and does a great job with it, cryptocurrency and blockchain are just an additional technology for exchanging funds and information among users and it does not aim to capture the entire service market.
Who wants to use it, who doesn’t want to doesn’t use it all quite simple. According to my observations, more and more young people are interested in cryptocurrency because for them it is a fairly easy financial instrument that does not require a bunch of papers and various confirmations from the bank.

Blockchain technology that is environmentally friendly or more easily accessible to all levels of society really needs to be developed so that many people are aware of the sophistication of this technology.  I am sure that gradually someone will be able to create something that makes it easier for people to use this technology, but the important role of the government is very necessary in maintaining security so that this technology is not misused.

I was thinking that the growing popularity of Bitcoin will lead to mainstream adoption very soon but after re-evaluating the situation, I have my doubts that we are going to achieve that any time soon. There are just too many factors militating against mainstream adoption with the chief among them being the high transaction fees and delay in transaction confirmation. Imagine walking into a shop to make purchase, thereafter paying through Bitcoin only to pay fees higher than the price of the good you bought. Why will people opt for this option when they can use fiat and pay minimal fees that will be confirmed within few minutes and sometimes instantly.

At this time, there are still many people who are not open to cryptocurrency or Bitcoin, even though most of them have heard or seen Bitcoin or crypto but not in a good image. Because often, if there is news on the newscast, it's all negative.

But the thing about the good concept of cryptocurrency is that I rarely see someone who reports good things about cryptocurrency. Now, if the masses become open, holders of Bitcoin or other top-listed altcoins will probably also increase.

Looking back, Bitcoin has thrived despite regulatory issues and market volatility. That resilience speaks much about its future. You have my support for adoption. Its up and no stopping. Bitcoin's promise as an inflation hedge and symbol of financial independence attracts more individuals daily. The attention rise is proof of Bitcoin's worth and attractiveness.

Certainly, early adopters were visionaries. They saw possibility where others saw doubt. However, its not just about being early; its about believing in Bitcoin's intrinsic value. Some Bitcoin holders kept onto their coins because they trusted in its future as a revolutionary financial tool. They were smart and lucky.

the importance of education and sensitization can't be over emphasized most especially as it regards this and knowing fully well that their are people seriously fighting against it adoption in many part of the world.

Cryptocurrency is accessible to the general public but the issue is that most people don't understand what cryptocurrency is and some of the ones that do, don't know the right cryptocurrency to invest in coupled with the reality that their are so many shitcoins and fake crypto projects flying here and their with internet scammers increasing on a regular bases, people need the assurance that making any crypto investment would be profitable and that their cryptocurrency would be safe.

If we are able to educate the masses on the advantages of investing in a crypto asset and guide them to know that they can protect their crypto holding without losing it to scammers then we would have gone a long way in spreading and increasing the possibility of it adoption in our localities.

The forum is a good example to show how helpful sensitization can be. Most of us had little knowledge on bitcoin and other altcoin before joining the forum but after participating in the forum discussions and airing out our views, we've come to know a whole lot of things and our understanding and thought process has been shappen to a very large extent.

Bitcoin is just like water, it will find its way through even if there are hurdles in the way, that is what it has been doing since its inception. So, I don't think we need to be worried about the adoption or mass adoption because as we move into the future, more people will come to know about Bitcoin and will start adopting, using, and investing in it just like how we got so many people to do that so far. Bitcoin wasn't popular at all a few years back but look at it today.

Early adopters are fortunate to have done one of the best things of their lives which is accepting Bitcoin at its early stage. People these days envy those who got the opportunity to buy or get Bitcoin at its early stage because those who could hold onto their assets are millionaires or billionaires today.

that's because the government always prevents bitcoin from being used by more people for their transactions. the government through its regulations only allows bitcoin and altcoins to be traded on regulated exchanges and it prohibits users from being able to use bitcoin or altcoins to replace fiat currency in their transactions.

and also, the reason until now why the adoption of bitcoin and altcoins is still hampered is because people are still skeptical about it. they still think that bitcoin and altcoins are speculative assets and they don't really need their use right now.

but that may only be for now, in the future i am optimistic that more and more people will adopt bitcoin and altcoins for their trading and transactions, along with the development of the crypto market, information that is more easily accessible, the development of cryptocurrency technology, and adoption by governments.

Unfortunately, crypto always faces obstacles to government regulation. Even though some countries have allowed crypto, in some cases crypto still cannot be too free. If bitcoin continues to be supported I don't think we will run out of news to keep bitcoin flying. But in any case the government is not wrong because it just wants to protect the real currency well enough. I think even bitcoin now deserves to be recognized as a high-value asset.