Crypto and the Masses - page 4. | Bitcointalksearch.org

anushkasachith888

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Quote from: mk4 on December 31, 2023, 04:43:21 AM

Simply the need for it, and better UX.

People in countries with shady governments and broken economies have higher likeliness of using Bitcoin and stablecoins. Most countries are simply in not that bad of a situation so they think they don't have the need to use them.

Absolutely correct. Super power nations don't want give a reputation to crypto as the broken economies .

Renampun

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Quote from: anushkasachith888 on December 31, 2023, 03:15:32 AM

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology. But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

Without adequate education, it is impossible for the general public to know that cryptocurrencies, especially Bitcoin and the blockchain technology behind it, exist. For example, the country of El Salvador, I once read an article where it was written that almost 95% of the citizens of El Salvador know Bitcoin and have tried making transactions with it, from here we can see that the government in each country also plays an important role in spreading knowledge about Bitcoin.

However, in many countries, their governments don't seem to care about the development of cryptocurrencies, they seem to refuse to teach Bitcoin to citizens but only take tax money from crypto platforms such as exchanges (like what is happening in my country lol)

kentrolla

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We cannot influence people to use Bitcoin unless things are made easy and Bitcoin should be easily accessible by everyone. If a new person has to use Bitcoin for its core uses like P2P transfer without involvement of third party.

But now how would you explain newbie about the transfer fee which is higher than the actual amount itself if you wanna send lesser amount? Also there should be educational campaigns and seminars but who is going to take the initiative?

I feel we cannot ask people to adopt Bitcoin as a decentralised P2P transfer medium due to the complexity which occur during every bull run when it comes to transfer.

Transaction related issues should be sorted only then people will even think about Bitcoin else why would they leave the traditional transfer method and use Bitcoin?

hitsnorth

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I think that a lot of people are scared of managing crypto. But you can't eliminate some things, like irreversible transactions, and needing to keep your seed phrase or wallet key safe. Holding on an exchange doesn't count, it's not your Bitcoin then.

Jegileman

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Quote from: anushkasachith888 on December 31, 2023, 03:15:32 AM

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology. But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

Just make the world or your country a more internet friendly place for all and make it a priority for all citizens in the country to learn about the bitcoin technology. In no time, you’ll see many adopters of the currency as they will want to make good use of their internet knowledge to earn themselves a means of livelihood which they can get through bitcoin investment. It is very essential to also make it user friendly, from the UI/UX interface of it while interacting with people.

Blitzboy

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User-friendliness and education drive mainstream acceptance. I think streamlining the UI is essential. Complex wallets and trading systems scare many. Simple, intuitive interfaces can change everything. Smartphones revolutionized tech use through simplicity!

Then, there is education. We must explain blockchain and crypto. Bite-sized, easy-to-understand educational content can help bridge the knowledge gap. Community-driven initiatives, maybe gamification, might make crypto learning fun and informative.

Showing real-world applications is crucial. People must see crypto's daily applications. Showing real benefits can boost acceptance for online purchases, foreign remittances, and inflation protection. Early adopters contribute to this story

oktana

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It is true that the entire mass hasn’t adopted the blockchain technology. However, if you look through each and every year, you’ll see that bitcoin and cryptocurrencies at large has been growing and reaching more people. All these trends around cryptocurrency still boils down to even more adoption. So I really think that we’ve been doing great. You also have to consider that It’s the adoption that has given it its current value. Little by little, we will keep growing.

SquirrelJulietGarden

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Quote from: anushkasachith888 on December 31, 2023, 03:15:32 AM

How can we bridge the gap between mainstream adoption and the complexities of blockchain technology?

Except the elderly who are basically always find difficult to learn new things, adapt to new technologies. Other people in society can easily learn about blockchain and they even only need to learn basics to use blockchain.

They don't need to learn advanced knowledge because to use a blockchain for fund storage and transfer, it's easy and only need basics.

Quote

Share your thoughts on making crypto more accessible to the general public

Stop creating useless and scam cryptocurrencies and scam projects, the mass will have more friendly view on this industry and we will successfully to attract more people to it.

I and you don't like scam, don't want to lose money so if we see this space is very scam, we will not join it.

cryptoaddictchie

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Quote from: anushkasachith888 on December 31, 2023, 03:15:32 AM

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology. But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

Well its not like werent gonna be there but the adoption really takes time especially that its bound by restriction of the law. How is that? Some countries dont want to be associated with crypto and thats like a boundary betwern adoption of crypto. People inside this area are doing it but with certain rules they cant maximize it or spread it around it. So as long as there is a line between it might be hard to fully implement a full crypto adoption.

Barikui1

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What I sense about people still having a cautious approach towards Bitcoin and cryptocurrency at large is that, in some country around the world, they are not getting the right information about the Blockchain technology, most people still sees it as a ponzi scheme, and the one that have small knowledge about it have not even tried it, they will just conclude that if they put the money in it, they might lose it, without being aware of the advantages attached to it.
What we as Bitcoineers have to do is to spread knowledge about Bitcoin and cryptocurrency at large.

I just believe that if people are more enlightened about Bitcoin, their will be more adoption in the society.

avikz

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Quote from: anushkasachith888 on December 31, 2023, 03:15:32 AM

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology. But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

One of the major reasons for Bitcoin adoption by the mass is it's own complexity. Bitcoin usage is not really very easy for non technical users. The users need to understand couple of things before they can really start using Bitcoin. Also structured financial industry like banks have been spreading false information about Bitcoin to their customer base. I have personally received multiple mailers from my banks about Bitcoin and how big scam it is. Such emails sure do have some negative impacts.

Right now the biggest road block for Bitcoin's adoption is its transaction fees. Unless and until this issue is resolved, it's very difficult to convince someone to use Bitcoin. This needs to be solved on highest priority.

Helena Yu

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1. Money
If they don't have money, how they can buy Bitcoin.

2. Education
Many people are easily get scammed because they prefer to invest their money in cryptocurrency aka altcoins instead of Bitcoin. They trust more in centralization than decentralization because they got brainwashed. This is the hardest part.

3. Religion
There's a religion say intangible asset is haram/forbidden.

mk4

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Simply the need for it, and better UX.

People in countries with shady governments and broken economies have higher likeliness of using Bitcoin and stablecoins. Most countries are simply in not that bad of a situation so they think they don't have the need to use them.

Gormicsta

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Quote from: anushkasachith888 on December 31, 2023, 03:15:32 AM

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology. But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

I couldn't agree more with you that there is still a big gap between the intricacy of blockchain technology and its widespread usage.

I think Making the blockchain technology more user-friendly so that humans can interact with it more easily could be one possible approach. Another is spreading awareness of the advantages of blockchain technology, including its decentralization, security, and transparency. Lastly, I believe it's critical to support the creation of practical blockchain applications, like supply chain tracking, identity management, and other use cases.

anushkasachith888

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Activity: 546

Merit: 12

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology. But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

Topic: Crypto and the Masses - page 4. (Read 471 times)