How adoption will happen | Bitcointalksearch.org

bummm

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Quote from: bonker on April 27, 2019, 08:18:26 AM

It will adopted by the people from anywhere,well developed countries may have better educational system so people will understand about blockchain technology lot easier and faster so they will come to invest on it sooner.

And the guys, who live in the countries with the poorest economy will need to pass a long way to adopt Bitcoin. Actually, they have not yet solved the simplest problems yet to start using crypto.

Wakhid Mukti

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Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

All the reasons you mentioned above are all equally strong. The dictator does have absolute power to implement a decree. And if Bitcoin is legalized and used there, then all of its followers will use bitcoin because it is allowed.
No exception with the SEC and ETF, this is also the same where many of the various individuals from around the world look forward to the SEC's decision regarding Bitcoin and crypto ETFs, the decision will later become the basis of regulations and how to play. And this will later cause an explosion of adoption and use.

rijaljun

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I think mostly will from poor countries that have big debt or their fiat is always getting high inflation so that their fiat is not really valuable. Country with a big power would just regulate crypto operation because the govt thinks their fiat is mre avluable than cryptocurrency. My two cents!

dentolas

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In my oppinion, general and global adoption will come once governments adopt it and tell people that they have to use it...
until then, adoption will keep rising but it will always be an "alternative" form of money used by some... unfortunately I really doubt that general people will embrace something different unless they have to...
it is called resistance to change (we all have it)... this resistance is natural and undoutebly will be rock solid when it comes to money

shesheboy

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Quote from: bonker on April 27, 2019, 08:18:26 AM

It will adopted by the people from anywhere,

not anywhere because not all countries accept cryptos but there is still no assurance that a country that accepts cryptos will be adopted by the people living on it because not all have the guts and the knowledge to buy and embrace cryptos .

Quote from: bonker on April 27, 2019, 08:18:26 AM

well developed countries may have better educational system so people will understand about blockchain technology lot easier and faster so they will come to invest on it sooner.

not really . no matter how the country is developed or no matter how thier knowledgeable thier people are but if the people dont have interest on cryptos . they still wont take the time to learn cryptos

Whosdaddy

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Quote from: Crypto24hrs on April 27, 2019, 03:59:56 AM

Bitcoin mass adoption, contrary to popular belief, will not occur by “educating” the public, Instead, this transition will happen naturally as young generations become increasingly familiar and confident in the technology, Africa is tipped to take the lead on natural adoption of bitcoin because it is bitcoin free zone.

Well, education is also part of it, there are so many factors that needs to be combined to create a speedy adoption, yes, as new generations keep getting used to it, the technology will keep growing, but mass adoption can still be achieved in this generation too.

we still have lots of intelligent people that would understand the technique behind blockchain technology, which they need to use and develop it to some extent till they leave it as legacy for the next generation, so we cannot completely rule out this generation too from it, and the easier way to fully adopt it now is for government to generally put interest in it.

bonker

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It will adopted by the people from anywhere,well developed countries may have better educational system so people will understand about blockchain technology lot easier and faster so they will come to invest on it sooner.

Bustart

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Quote from: Rooster101 on April 27, 2019, 04:45:36 AM

Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

It is usually start with wealthy nations because they have the money and the available technologies. Most people and leaders in the wealthy countries are open minded than their counterparts in the poor countries. Proper knowledge in using cryptocurrencies is still the best way to increase the awareness of people in cryptocurrencies and this will speed up the adoption. A country that is open to this kind of technology wll surely experience a mass adoption in the years to come.

Bitcoin is a breakthrough and has become a wild success. However, there can be number of factors that are considered barriers to adoption. Some of the many to mention are price volatility, acceptance of Bitcoin , understanding of Bitcoin and restrictions on the use of Bitcoin. On the other hand, I still believe that there are potential aspects that drive Bitcoin adoption. Education is important to the extent that a developing community can support and grow Bitcoin. Store of value assigned Bitcoin’s reliability and can only achieve wide appeal if Bitcoin volatility remains extremely low. Peer-to-peer trade is also an important use case of Bitcoin in terms of adoption and utility, an exchange which two or more parties can trade without a direct intermediary.

Rooster101

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Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

It is usually start with wealthy nations because they have the money and the available technologies. Most people and leaders in the wealthy countries are open minded than their counterparts in the poor countries. Proper knowledge in using cryptocurrencies is still the best way to increase the awareness of people in cryptocurrencies and this will speed up the adoption. A country that is open to this kind of technology wll surely experience a mass adoption in the years to come.

Crypto24hrs

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Bitcoin mass adoption, contrary to popular belief, will not occur by “educating” the public, Instead, this transition will happen naturally as young generations become increasingly familiar and confident in the technology, Africa is tipped to take the lead on natural adoption of bitcoin because it is bitcoin free zone.

AppliedOptimal

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I agree with the people who said scalability is a factor, but unless the transactions are stuck dead, then the scalability factor is not a big thing.
More important is usability and store of value. If people think the value increases, they buy into it.

calandra78

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Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?

when dictator can handle them fiat to flow up economic country, first he find bitcoin to take and repair they country with poor knowledge then happen, they country still down , cryptocurrency can't do anything, still same before. solution is, he need economyc team with high tech and knowledge crypto dan blockchain and welcome to everyone.

Oceat

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It will start with the people who have a vast knowledge about cryptocurrency but social media is the powerful tool that we ever had these days and people will learn faster about the cryptocurrency. So it is either through social media or from the people who have complete knowledge about cryptocurrency.

salty

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Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

I think the second option would be the most acceptable for adoption.In poor countries, there is no food and water and it is unlikely that cryptocurrencies will be able to somehow provide them with a decent life.Yet all innovations are offered by developed countries.

syamster

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Quote from: Sanitough on April 25, 2019, 08:39:31 AM

Quote from: PlusOne88 on April 25, 2019, 08:33:12 AM

Mass adoption can happen with utility. When people would have to use it for a purpose, it would certainly create good movements in the digital market. As a result of these, comes the adoption and this could happen just anywhere and not just on countries that are already advanced or the ones that are poor. Where there is much usage, that will be the best place to start.

It's definitely the scenario in the future, the reason we are investing now is because we are betting on the good future of crypto.
With massive adoption, price could rocket and it will not dump anymore like what we witnessed in the past because it's back by real adoption of users.

Massive adoption is being done now a day, we should try to make our life easy which is only possible with bitcoin investment, as days passing more people are accepting and investing in bitcoin, dump has given us chance to be a apart of the market and we will grab the chance to buy low price, the more we buy the more price rises.

raven7886

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Quote from: Kwansimaa on April 25, 2019, 06:14:38 AM

If you mean to say when the adoption of cryptocurrency would be then i guess it would start in the advanced countries like China, USA, Japan etc. These countries have the best of system in place to enable the use of cryptocurrencies as a currency for buying goods and paying for services.

These advance countries are what will really speed up the adoption rate but I am not that happy about the news that I am getting from the country I expected to wholeheartedly receive it because of their great technology, which is China, I even heard that they are planning to ban mining activities in China, I do not know the reason for this because they are the one that benefits more from the cryptocurrency.

I am sure that USA with time see the light in cryptocurrency and adopt it and probably encourage other advanced countries too to look into it and adopt this system.

iv4n

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Quote from: Airbuxf on April 18, 2019, 04:24:11 AM

I think these two things will happen in same time, but more important will be adoption in poor country because there are not so many cheap alternatives in online payments and it can become a basic payment there.

Don't know don't know. As it was already said poor countries ruled by dictators, which represent elite of the country as well. For such people it's better to the most of people stay poor and powerless, also they protect their circle and the way of life carefully. Also national currency and it's use feeds the top of the ruling group, so the adoption of crypto may ruin the way of life and probably such things will never happen.
Honestly, I doubt that any country will be brave enough to adopt crypto totally. Maybe it will never happen.

mornabo

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Quote from: Kimonoe on April 24, 2019, 09:58:52 AM

Quote from: coin-investor on April 24, 2019, 09:40:31 AM

Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

My pick is it is going to start in the USA with their SEC and ETF and everything, we all know that the US is a superpower anything they do will have an impact in the economy of other countries if they begin adoption of Cryptocurrency, other will just point, if this is legal in the US why not here, and so adoption begins in the US.

The US has influence on other countries in the world. with the start of the US adopting bitcoin, it will certainly accelerate mass adoption. and of course here the role of government from each country is very influential

US already legalize bitcoin in their country, isnt it ?? I think that it takes adoption agencies like SEC, where those agencies have
a big impact on many investors, of course there will be a lot of adoption if the legalization is echoed by agencies like that.

playboy654

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Quote from: AppliedOptimal on April 18, 2019, 04:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

definitely I will not reply and suddenly it will happening to order something was not valuable and make the demand for that this is a thing mostly that options are going to be get valuable at the future.

reality18

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Crypto adoption has already started with countries like India, Germany, South Korea, Canada etc. Russia is yet to review its decision on authorizing crypto. From the way crypto is emerging strongly, in the near future about 50% of countries around the globe will adopt and authorize cryptocurrency.

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