How adoption will happen - page 5. | Bitcointalksearch.org

Che454010

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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 believe the mass adoption of crypto in poor countries would be difficult in the present situation, as a large portion of the population don't have access to computer or internet. The rich countries have to take the initiative first, they can help the other poor countries to adopt it.

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Quote from: Thanasis on April 19, 2019, 11:28:06 PM

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.

The country which is crypto friendly where the adoption will happen much faster so it will happen with no matter of economical status of that country.There are some poor countries like Phillipines which supports cryptos already and also like Japan and Singapore supports cryptos as well both countries are different in economical status but the growth of crypto happens.

Japan and Singapore already enjoying the benefits of this system, catering and supporting the chain, I also read somewhere that Thailand also
join in and accept bitcoin transactions, things will happen we don't need to rush things up as long as we are witnessing progress and more people's
interest, this coming generations will enjoy what this industry has to offer.

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IMO, it will going to start in the USA with ETF and SEC approval.
As the USA started to totally adopt bitcoin for real and we all know that the USA is the most powerful country around the world then probably other countries will going to follow and also adopt this kind of technology. Nothing is impossible if one country will prove how amazing this cryptocurrency is.

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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.

The country which is crypto friendly where the adoption will happen much faster so it will happen with no matter of economical status of that country.There are some poor countries like Phillipines which supports cryptos already and also like Japan and Singapore supports cryptos as well both countries are different in economical status but the growth of crypto happens.

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Quote from: Lexurdania on April 19, 2019, 09:21:05 PM

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.

Adoption happen started in online store or merchant. If want adoptin in offline merchant, need government regulation and i think its need more time. Its more easier for online merchant to receive crypto and i am believe this will happen in near future

It will happen soon because many governments already think about crypto and once they approved crypto as an alternative currency for payment methods, we will see crypto will grow, and the adoption will start fast.
Right now, we see adoption is already happening in any country. Many people now realize that crypto can be a solution for the payment transaction and they see that the crypto can give a new way to make money too.

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What regulation that you mean? Because almost all countries has been regulating bitcoin although there are a countries which ban bitcoin, there are a countries who neutral to bitcoin and there are a countries who accept bitcoin and manage/set bitcoin to use anything such as payment system, trading place or investment place. So, the regulation to bitcoin has been done by all countries. And we can see the point view of them to bitcoin and I assume for the countries who has been developed they tend to use bitcoin and set bitcoin. But for the developing countries they tend to ban bitcoin or they tend to neutral to bitcoin which mean they still find a good solutions to regulate it.

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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.

Adoption happen started in online store or merchant. If want adoptin in offline merchant, need government regulation and i think its need more time. Its more easier for online merchant to receive crypto and i am believe this will happen in near future

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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 that in order for a mass adoption to happen for cryptocurrencies, there will need to first be a mass adaptation by parliament and or governmental bodies.
As of right now, even though crypto is becoming wildly popular, it still hasn't gained enough momentum to reach the regular Joe, you know, the average citizen who may not exactly be technically inclined, like grandma, grandpa or children.
The user interface for most crypto related things aren't necessarily "user friendly".

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Bitcoin is a smart media which generally makes it easier for humans to complete various transactions that they do, from the start, bitcoin was created specifically to correct deficiencies which exist in fiat currencies. Unfortunately, when this currency peaked in 2017, a hard ban made by the government was put in place by most countries. As a result of these actions, finally has paralyzed most of the public interest to adopt cryptocurrency. If based on the case it seems likely that massive adoption will not occur, before the government legalizes cryptocurrency.

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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 don't think that the SEC approving the ETF will have anything to do with adoption.

After all, ETFs are going to be used by mainly institutions (and some retail investors, but they're not the primary benefactors), and will not really benefit the network in any tangible way.

What I think will spark the most adoption is in certain countries in which fiat currencies are unstable, and they actually have a need to seek alternative forms of store of value in order to preserve their wealth - not institutionalised derivatives. That'll get adoption from the grassroots level.

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If we want adoption you need a way to make the whole process simple for people.
Credit cards worked because people like how its easier to just swipe a card rather then think about what bills to hand over.
Bitcoin needs that its almost there with the phone instead of carrying a wallet you just carry your phone.
But the apps require to much it needs to be even easier for basic users

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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.

The recession coming to the world is not just for poor countries with under developed economy, but also for countries that have already built there country to a global standard, once this recession begins, they will start to look for alternatives that can help grow the economy again since the current fiat system will now become useless to them and bitcoin will be the only saving grace when that time comes, this would be the beginning of mass adoption in the crypto space and the demand for bitcoin will drive the price of the coin so high.

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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.

Adoption wont really dont matter on what country would be accepted either to those poor or powerful ones.It would always depend on the government that do handle that place.

If they do have some glimpse of recognition of adoption then its a good sign but if they do always care about security and doesnt like any more things that do relate with crime then most

likely they will surely block it.Each country do have its own corresponding decisions.

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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.

In poor countries there are very few users who can reach Cryptocurrency. Most investors are in the upper class so I don't think this will bring many benefits to poor countries. Especially in my country is a developing country but the number of people using smartphone is very low, so very few people know Crypto.

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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 that adaptation will start not from the USA but the other developed countries, i mean there were news about allowing people to pay taxes with bitcoin in Canada and in Germany and many European countries bitcoin has become accepted, it is not widely accepted but it is slowly making its way into every shop big or small as a payment system, and also the same is happening in many Asian countries like Japan and South Korea, and in time bitcoin and crypto will become a strong part in our economic system, and with those accepting it surely the others countries will follow them as well.

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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.

Adoption will be hardest in USA that currently hod word reserve currency and in China that hopes to grab World reserve currency from USA. In other countries will be much less opposition. Specially in European countries that gave up their national currency fro Euro already. So this could be answer for you. Europe will lead the adoption. Central Europe, home of Austrian school of economics.

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

Is it going to start with poor countries

I am very difficult to understand: how will it be possible to have mass adoption from poor countries? I do not know if you do not know, but in poor countries like mine, until someone eats 3 meals a day and in 30 consecutive days is a great achievement, people from poor countries have difficulties paying for electricity and water. Do you think that if they have difficulties in eating right, in paying for electricity and water will they be able to buy bitcoin? these people will not be able to buy bitcoin.

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

and their dictators?

With a dictatorship, nothing is done.

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

Is it going to start in the USA with their SEC and ETF and everything?

maybe, but it can also start with some other rich country

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Quote from: BeGoods on April 19, 2019, 04:48:46 AM

Legalization and regulation will open many doors for mass adoption, but in my opinion large-scale adoption will occur if the era of advanced technology has occurred, if many people have been connected to the internet. but adoption can begin with regulation first

Bitcoin will be regulated and that's good for the market, big countries are more concern since people who are using this technology are coming from a country which are also advance in development. We cannot prevent this from happening, bitcoin already caught their attention, maybe some countries are banning crypto but later they'll understand that this technology is an evolution and very useful for all of us.

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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.

Usually adoption is meant to start from the stronger nations and pass it down to the weaker ones, but unfortunately, I think reverse is the case with what I have seen so far, so many nations that I have seen adopting cryptocurrency are even the smaller ones, some of them have even regulated it.

It’s a good thing too that its being recognized gradually, just that the influence it will have on the whole world when it is being adopted by stronger nations like USA and others will higher and faster than that of the weaker ones. We really need to get these large nations into adopting cryptocurrency, so that the awareness across the world can be as fast as possible.

Quote from: BeGoods on April 19, 2019, 04:48:46 AM

Legalization and regulation will open many doors for mass adoption

Those two are easier ways up to main stream adoption but might kill few of decentralization characteristics too. Hence, slow and steady adoptions along with appropriate infrastructures developments alone will ensure decentralization while achieving main stream adoptions.

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Quote from: BeGoods on April 19, 2019, 04:48:46 AM

Quote from: Kasabus on April 19, 2019, 01:17:50 AM

It will start upon the approval of the government like the ETF application.
This adoption is going to be global but it has to start in big countries as eventually small countries will follow.
We need some regulation that are friendly and that will protect more the users than the businesses that will adopt it, then we can use it like a normal payment system.

Legalization and regulation will open many doors for mass adoption, but in my opinion large-scale adoption will occur if the era of advanced technology has occurred, if many people have been connected to the internet. but adoption can begin with regulation first

of course if a country wants to be advanced, the government must keep up with the times, like in my country where cryptocurrency will be included in the stock exchange, so that there will be more adoption if all countries do the same

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