How adoption will happen - page 6. | Bitcointalksearch.org

BeGoods

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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

kaya11

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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.

We need proper time, young folks including us the early adopter are expanding in knowledge about crypto currecncies and the technology behind it. It cab happen anywhere in world, it's either Rich countries or Poor countries just as long as we have our new generations ready to be educated. Credible students are most likely would understand first how this goes and later on, the less IQ students will just follow. So we need the new generations to understand, whey new? Because old folks are hard as stone in understanding and are already retired of understanding this kinds of technology. So mass adoption will happen later on when new sprouts get older and we at that time must have been relaxing at some kind of quiet place or beach or any where around the world. Well if you would hold BTC for that time around.

creeps

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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 can start anywhere and its already happening in more countries. There's no poor countries, they are developing now but in terms of dictatorship I believe it will be hard for them to adopt especially if the government will not benefit on this market. USA is the main focus of this market, we believe that if the ETF approved by SEC the price will start to grow again. Many countries in Europe have a big influence in other countries, adoption will happen slowly, and more countries will make sure that cryptocurrency will help them a lot.

shoreno

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Quote from: UmerIdrees on April 19, 2019, 01:44:31 AM

Quote from: raven7886 on April 19, 2019, 12:52:51 AM

Quote from: Ayiranorea on April 18, 2019, 08:25:01 AM

Adoption of bitcoin is happening in large scale through the word of mouth spreading. When people begin to know good about the bitcoin, automatically they'll start using it. When country's adopt bitcoin surely the impact created over the cryptocurrency market will be much more effective than the one created through individual level of acceptance.

I do not doubt that fact that adoption is happening in large scale but that is happening within peer to peer but we need massive adoption from countries themselves, we cannot compare the adoption rate we have now to that of when a country fully adopt it which will automatically increase the number of users.

There are lots of people and lots of institutions who are very much interested in the cryptocurrency system, including banks, but they are still scared of adopting it because of the backup of government they are yet to get, that will assist them in applying it to their daily functions, so we need larges countries, so we can see a very effective system.

There will no such thing that adoption will happen in a day or two. It will take a lot of time. We will first see small adoptions and with the passage of time few big investors / Companies will also jump into it. When this trend will increase, then we will see a massive adaption and everyone will be willing to accept crypto currencies.

from what i understand adoption means when someone are gaining interest on crypto . for example joe is not a crypto enthusiast before but he sudenly change his mind . he now buys a crypto . that is adoption and that can happen every day . small or large , 1 person or group of people all of them are consider as an adoption if they will join the movement .

UmerIdrees

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Quote from: raven7886 on April 19, 2019, 12:52:51 AM

Quote from: Ayiranorea on April 18, 2019, 08:25:01 AM

Adoption of bitcoin is happening in large scale through the word of mouth spreading. When people begin to know good about the bitcoin, automatically they'll start using it. When country's adopt bitcoin surely the impact created over the cryptocurrency market will be much more effective than the one created through individual level of acceptance.

I do not doubt that fact that adoption is happening in large scale but that is happening within peer to peer but we need massive adoption from countries themselves, we cannot compare the adoption rate we have now to that of when a country fully adopt it which will automatically increase the number of users.

There are lots of people and lots of institutions who are very much interested in the cryptocurrency system, including banks, but they are still scared of adopting it because of the backup of government they are yet to get, that will assist them in applying it to their daily functions, so we need larges countries, so we can see a very effective system.

There will no such thing that adoption will happen in a day or two. It will take a lot of time. We will first see small adoptions and with the passage of time few big investors / Companies will also jump into it. When this trend will increase, then we will see a massive adaption and everyone will be willing to accept crypto currencies.

Kasabus

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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.

Reid

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Third world country will adopt it first. That is what I believe in but just my opinion though.

It is Japan which started the adoption first and no one step up afterwards. But still that is something else.

Did anyone ever thought of that to happen?
We know Japan is already a country which is one of the richest specially with their technology but I did not expect also they will embrace crypto currency like bitcoin.

raven7886

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Quote from: Ayiranorea on April 18, 2019, 08:25:01 AM

Adoption of bitcoin is happening in large scale through the word of mouth spreading. When people begin to know good about the bitcoin, automatically they'll start using it. When country's adopt bitcoin surely the impact created over the cryptocurrency market will be much more effective than the one created through individual level of acceptance.

I do not doubt that fact that adoption is happening in large scale but that is happening within peer to peer but we need massive adoption from countries themselves, we cannot compare the adoption rate we have now to that of when a country fully adopt it which will automatically increase the number of users.

There are lots of people and lots of institutions who are very much interested in the cryptocurrency system, including banks, but they are still scared of adopting it because of the backup of government they are yet to get, that will assist them in applying it to their daily functions, so we need larges countries, so we can see a very effective system.

traderethereum

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Quote from: Ucy on April 18, 2019, 12:28:36 PM

From my understanding of how Bitcoin was built, it doesn't need the approval of countries. It a value or currency that is meant to be used in peer-to-peer manner.

If you need to buy something from a local seller, just convince him/her to accept Bitcoin if he/she hasn't already done so. He could easily exchange it for fiat or keep it in his wallet.

Yeah, as long as there is an internet connection and we can connect to the blockchain network, every people can use bitcoin, and if there are many people in out there use bitcoin, then the adoption will happen.
Bitcoin adoption still in the process and right now, it still running in many places but we don't know how many people exactly have used bitcoin until now. We could only know by watching the transaction process in the blockchain.
From this year, people are trying to know more about bitcoin because bitcoin has spread in many websites. People are reading so many advertising about bitcoin and cryptocurrency, and I think they still searching what bitcoin is.

iamMhew

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The adoption shall be initiated by the banks or The World Bank. Coz its a currency and currency shall be regulated by the each country's central bank comes next is the SEC for the trading regulation.

shinharu10282016

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Your first point about the poor countries and their dictators; no they're not doing that. Most importantly if they really do care about the technology's adoption, they would've been a better country than being poor.

Your second point about the SEC and ETF acceptance of proposals, I don't think so as well. Everything is needed to be in compliance with existing laws and regulations. Testings and such of the products shall be conducted as well. Plus Anti Money Laundering Laws should be properly observed too.

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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 when the market condition was very low the investors are trying to do it mostly because the profit is always make a person to change his strategy and made a mindset like this especially this type of situation will always been the chances of taking the opportunity to adopt everything.

UNOE

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This is personal

Mainstream adoption will not happen suddenly nor over night, because of fact that worldwide adoption of any new technology is complex and long term process.
We live in time where adoption spreads fairly faster than before, so blockchain adoption will happen earlier than most people think.
Take a look at this graph.

mersal

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I think the most adoption will always happened when the situation is very critical the people thinking it will be the chances of getting the successful way because the opportunity will not been came for anyone again and again so take it serious and made the chances in always been like this.

harizen

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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.

None either.

So when it will happen? When it will start?

It needs time. It can take several years or even by deceade. Adoption can't be achieved within a short period of time even big countries started to accept the idea of using crypto. Look at the status of adoption today, big countries already started to hug cryptocurrency but still not all countries follow.

But look at the bright side, slowly, there are "progress", there are "increase", there are "changes" etc.

Bottom line, just go with the flow. You just didn't noticed it but adoption is increasing.

It's already started. We are now on the process.

Kakmakr

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One of the biggest triggers for Bitcoin adoption is the failure of old traditional payment methods like Fiat / PayPal etc. We saw what happened in Zimbabwe and some other 3rd world countries, when their fiat currencies failed, they all started to use other currencies.

Well, if more fiat currencies start to fail all over the world, real Bitcoin adoption will be triggered and you will see a growth in Bitcoin adoption, the like we have never seen before. Wink

Just imagine what will happen when one of the 1st world currencies fails. Shocked

syamster

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Quote from: carter34 on April 18, 2019, 10:24:06 AM

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

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

Not really the area you have mentioned. Adoption is already going on in your area and mine too. We are both making use of cryptocurrency either in exchange for fiat or holding it as investment, that is adoption.

If you are talking of government making a statement on it, it is going to take legislation and that might not happen generally or not now.

This is just now when government is not giving any statement about it but at some places we are going to see crypto currency as legal one, more new countries are now accepting and adopting digital currency, if we will keep talking and we will discuss about the digital currency with people I am sure they will accept it and more adoption will happen in market.

Theb

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Quote from: Haunebu on April 18, 2019, 06:15:48 AM

Quote from: Theb on April 18, 2019, 05:56:02 AM

Cryptocurrency adoption tends to go very fast on developing countries since they can handle the risk more compared to developed countries in which they need to consider everything first as their stable economy is always on the line.

I disagree. Not all developing countries support Bitcoin and the cryptocurrency market. For example, countries like India and Pakistan have outright banned them while China is planning on banning mining soon.

Honestly, developing countries are just as reluctant as developed countries when it comes to supporting crypto.

Sorry if I didn't made my statement clear enough for you but I'm saying this for the ones who have adopted cryptocurrencies and I'm not saying that all developing countries have adopted it already. Countries like Malta, Estonia, Bostwana, Nigeria, and Philippines have take the first bold steps when it comes to crypto-related and blockchain-related investments pouring into their country. Yes some developing countries are still reluctants as the developed ones but governments have different views on where they want their country to go through and I'm lucky enough that I'm not a citizen of any of this countries.

Harlot

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Like what they have said it already started but it is on a different phase on different countries. It may not be synchronized as expected because we all know we have different laws and point on views on the matter but it is happening and its invebitable to happen. As most of the governments already think that adjusting for the crypto industry is a better way rather than eliminating it like what has been done in the past. For countries who have been against it the only thing that can change their mind is for them to see that ghey are left out compared to countries who have benefoted from it.

rizkyhiw

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We take the example of how crypto first appeared not too much business with the government because it always wanted to maintain the authenticity of the crypto concept itself, which is decentralization, but still can attract many investors or institutions to always adopt widely without having to intervene much from the government but to now it is indeed a good thing for the government to implement it to be able to promote widely and more broadly, the most worrying is where the government takes too much profit from crypto so that it can make everyone or anything feel disadvantaged, many worries for most people but like this I think that doesn't matter much because adoption always comes by itself.

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