How can we accelerate the mass adoption of crypto?

sirminesalot

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Quote from: Reatim on November 11, 2021, 01:16:31 AM

there is no need for acceleration because crypto learning needs time, we must not rush into this instead take time and learn.

i hate to see those who wanted to invest and earn instantly same as those who wanted to make this area a place where to become rich.

crypto is for the future and not for making us having a wealthy life instead a accessible and worth a living life.

Yes i'm agree, crypto is still a baby compared to existing payment system that already here for hundred years.
So crypto need to be developed for more to make a better environtment and also a better security, the regulation is also have to created if crypto want to adopted by countries in the world.
So just let it developed naturally and let it be ready when it's ready.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: bayyildiz on October 18, 2021, 03:02:11 AM

I just saw this topic "What problems in Bitcoin's infrastructure prevent it from being adopted more easily?". All the answers were really interesting, mentioning the lack of regulation, volatility, ignorance, etc.

My question is: How can these problems be solved? And is it ever possible, what do you think?

In my opinion, regulation, practicality, and stability are definitely required for the mass adoption of crypto as a payment method/currency.
What are your opinions on this?

there is no need for acceleration because crypto learning needs time, we must not rush into this instead take time and learn.

i hate to see those who wanted to invest and earn instantly same as those who wanted to make this area a place where to become rich.

crypto is for the future and not for making us having a wealthy life instead a accessible and worth a living life.

phillipjackson

newbie

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Merit: 0

By spreading more knowledge about it and talking to people who have doubts regarding bitcoins. Solving every question related to it and making it understandable to general people will surely accelerate the adoption of crypto.

no-ice-please

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Quote from: Coyster on November 03, 2021, 03:55:10 PM

Quote from: bayyildiz on October 18, 2021, 03:02:11 AM

In my opinion, regulation, practicality, and stability are definitely required for the mass adoption of crypto as a payment method/currency.
What are your opinions on this?

I personally do not like regulations and I don't think it can in any way help in the mass adoption of Bitcoin if that's the coin in question, regulations are even inimical to the growth of the network, these regulations are imposed by the government and it's basically obvious that most of this governments do not want the Bitcoin network to attain mass adoption, just because they can't control it and cause it puts control in the hands of its users, I don't think there's any of such government sanctions that is channeled at making the network better, it's all in a bid to quell its development, make it difficult for people to use it and in that way make popular their central bank digital currencies.

Bitcoin does not really have to be stable to get to mass adoption, volatility is even an aspect of the network that most of its investors like, and it can be a reason why more people get allured to the network, I believe the best thing for mass adoption of Bitcoin is when people understand the importance and benefits of being their own bank, that way more people will appreciate the relevance of the network and would want to use it, so as to control their finances and take it a bit away from the hands of the government.

That really depends on who you are targeting. If you want the skeptics to adopt new technologies like Bitcoin, a sophisticated legal framework can certainly be helpful in achieving mass adoption among exactly that group. I know you are talking about laws that might rather hinder adoption, but you can't say that any law or set of rules sets free the full spectrum of effects in the same way in every individual. While more regulation might mean to us that it's bad, others might say that it finally happens and now is the time to get into crypto.

bishopcrypto

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A lot of people in this thread seem to think it has to come top down from the government. I don't think so. Bitcoin in its very nature is free of the government. You want to speed up the process? Use it every chance there's a choice when you make purchases or sell something yourself. HODLing is an investment strategy, but it won't get the community anywhere in terms of adoption.

Botnake

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Quote from: AakZaki on November 03, 2021, 03:42:39 PM

EL Salvador is indeed a country that adopts bitcoin and makes it a legal tender, but we see the conflict behind the adoption. Several community groups did not agree with the adoption and had caused riots.

Everyone's thoughts are different. Pros and cons about bitcoin or crypto will always be everywhere. Mass adoption is increasingly visible, but the impact of such adoption will also be felt. Bitcoin is still a payment option that can be chosen or only used for commodity trading. it depends on the needs of each country.

The mass adoption for crypto is really in a fast pace right now knowing there are big companies and financial institutions that are supporting crypto at the moment more particularly with bitcoin. But these pros and cons for crypto also continues and i think this will not be stopped as long as the government itself is not yet supporting crypto and is still focused on fiat. But not in general really because we already have El Salvador who made bitcoin as a legal tender. I think the best way to accelerate the mass adoption for crypto is to utilize it as a currency because its the main goal of crypto.

Coyster

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Quote from: bayyildiz on October 18, 2021, 03:02:11 AM

In my opinion, regulation, practicality, and stability are definitely required for the mass adoption of crypto as a payment method/currency.
What are your opinions on this?

I personally do not like regulations and I don't think it can in any way help in the mass adoption of Bitcoin if that's the coin in question, regulations are even inimical to the growth of the network, these regulations are imposed by the government and it's basically obvious that most of this governments do not want the Bitcoin network to attain mass adoption, just because they can't control it and cause it puts control in the hands of its users, I don't think there's any of such government sanctions that is channeled at making the network better, it's all in a bid to quell its development, make it difficult for people to use it and in that way make popular their central bank digital currencies.

Bitcoin does not really have to be stable to get to mass adoption, volatility is even an aspect of the network that most of its investors like, and it can be a reason why more people get allured to the network, I believe the best thing for mass adoption of Bitcoin is when people understand the importance and benefits of being their own bank, that way more people will appreciate the relevance of the network and would want to use it, so as to control their finances and take it a bit away from the hands of the government.

AakZaki

legendary

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zknodes.org

EL Salvador is indeed a country that adopts bitcoin and makes it a legal tender, but we see the conflict behind the adoption. Several community groups did not agree with the adoption and had caused riots.

Everyone's thoughts are different. Pros and cons about bitcoin or crypto will always be everywhere. Mass adoption is increasingly visible, but the impact of such adoption will also be felt. Bitcoin is still a payment option that can be chosen or only used for commodity trading. it depends on the needs of each country.

no-ice-please

hero member

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Quote from: Lanatsa on November 02, 2021, 04:57:55 PM

Quote from: no-ice-please on November 02, 2021, 03:20:20 PM

Quote from: DOH! on November 02, 2021, 10:46:46 AM

I think it will happen sooner or later and only when the structure, the infrastructure is shaped to allow the synthesis of educational knowledge for the right sense of use for bitcoin. Feasibility of legal acceptance is slowly taking shape, and some countries are restructuring additional terms to decide. I think, Bitcoin LN solutions will come closer in practice.
It will be the approval of the time for mass adoption by the conditions under consideration.

Legal acceptance will be the much bigger issue as that is what causes FUD, which is understandable. I do however believe that legal acceptance will only slow adoption down, but not hinder it from its breakthrough eventually. Take into account that politicians also don't live forever. So those making laws against crypto today might be replaced very soon by politicians who make pro crypto regulation.

Everything could really change up but if we are basically talking about human lifespan or terms of service then this would take out ages and we are also aging too which means we might not able to see into

those times where most of those who do have position will have positive views and perceptions towards bitcoin which is really sad to think off that's why most of us do really rush up on

seeing things as soon as possible but we know on how reality works and this isn't something that can really happen in few years time so deal with it.

No I am not even talking about a whole generation (25 years or so), but rather about 10 years, maybe 15 years. Over that period of time there will be some new politicians, more modern politicians with a better understanding of technology, innovation and in specific decentralized currencies. Right now the congresses look like retirement homes. Why would they even want something like Bitcoin to succeed? Human beings are born to stick to what they are used to. That is the way of least resistance. That is where a dissonance emerges when people age but new technologies emerge and with that technology younger human beings who get used to it from their very first day of life. I think we'll see massive change within the next 10 years with regards to Bitcoin's public reception and acceptance.

isaac_clarke22

sr. member

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Quote from: ?? on ??

~

It's not bud.
Actually you already mentioned the main problem, and that problem keeps persisting since crypto especially Bitcoin isn't supposed to be regulated at all. Future companies that will include Bitcoin as a payment method rather than a product would just lead tax authorities imposing tax on it.

andriarto

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Quote from: DewiKirana on November 03, 2021, 03:22:40 AM

In accelerating the process of adopting crypto to the community there must be government intervention. With the presence of the government, they can easily socialize cryptocurrency to their citizens by placing service advertisements on tv, placing crypto ads on banners on every street and being able to use famous influencers, so I believe Crypto adoption will be lightning fast.

it can indeed speed up the introduction of bitcoin to everyone, but on the other hand from the government's perspective, I think it is still difficult to realize it because of its decentralized nature, but if the government really legalizes it, then bitcoin will soon be mass-adopted and this has an impact on increasing the price of bitcoin , especially if it is an influential country that legalizes it, of course it will be recognized faster

BillyCoiner

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It’s not going to go much further because central governments aren’t going to allow it. The cabal is not happy even now. Regulations coming!

tippytoes

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Quote from: DewiKirana on November 03, 2021, 03:22:40 AM

In accelerating the process of adopting crypto to the community there must be government intervention. With the presence of the government, they can easily socialize cryptocurrency to their citizens by placing service advertisements on tv, placing crypto ads on banners on every street and being able to use famous influencers, so I believe Crypto adoption will be lightning fast.

We will see this kind of intervention in El Salvador, as a very good example as the government is recognizing btc as legal tender. Maybe after 6 months or 1 year, we will know what improvement in terms of adoption from this country. Their government itself is promoting the use of crypto so in their case, we will expect an increase of crypto users. But if you are living in a country where the government is not banning the use of crypto but allowing the use of it, you can always share your experience to others like your immediate family, colleagues or friends. But better share it to those who are interested to learn because for those who are not, you will probably encounter hesitations or criticisms.

DewiKirana

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In accelerating the process of adopting crypto to the community there must be government intervention. With the presence of the government, they can easily socialize cryptocurrency to their citizens by placing service advertisements on tv, placing crypto ads on banners on every street and being able to use famous influencers, so I believe Crypto adoption will be lightning fast.

Lanatsa

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Quote from: no-ice-please on November 02, 2021, 03:20:20 PM

Quote from: DOH! on November 02, 2021, 10:46:46 AM

I think it will happen sooner or later and only when the structure, the infrastructure is shaped to allow the synthesis of educational knowledge for the right sense of use for bitcoin. Feasibility of legal acceptance is slowly taking shape, and some countries are restructuring additional terms to decide. I think, Bitcoin LN solutions will come closer in practice.
It will be the approval of the time for mass adoption by the conditions under consideration.

Legal acceptance will be the much bigger issue as that is what causes FUD, which is understandable. I do however believe that legal acceptance will only slow adoption down, but not hinder it from its breakthrough eventually. Take into account that politicians also don't live forever. So those making laws against crypto today might be replaced very soon by politicians who make pro crypto regulation.

Everything could really change up but if we are basically talking about human lifespan or terms of service then this would take out ages and we are also aging too which means we might not able to see into

those times where most of those who do have position will have positive views and perceptions towards bitcoin which is really sad to think off that's why most of us do really rush up on

seeing things as soon as possible but we know on how reality works and this isn't something that can really happen in few years time so deal with it.

no-ice-please

hero member

Activity: 955

Merit: 500

Quote from: DOH! on November 02, 2021, 10:46:46 AM

I think it will happen sooner or later and only when the structure, the infrastructure is shaped to allow the synthesis of educational knowledge for the right sense of use for bitcoin. Feasibility of legal acceptance is slowly taking shape, and some countries are restructuring additional terms to decide. I think, Bitcoin LN solutions will come closer in practice.
It will be the approval of the time for mass adoption by the conditions under consideration.

Legal acceptance will be the much bigger issue as that is what causes FUD, which is understandable. I do however believe that legal acceptance will only slow adoption down, but not hinder it from its breakthrough eventually. Take into account that politicians also don't live forever. So those making laws against crypto today might be replaced very soon by politicians who make pro crypto regulation.

DOH!

full member

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I think it will happen sooner or later and only when the structure, the infrastructure is shaped to allow the synthesis of educational knowledge for the right sense of use for bitcoin. Feasibility of legal acceptance is slowly taking shape, and some countries are restructuring additional terms to decide. I think, Bitcoin LN solutions will come closer in practice.
It will be the approval of the time for mass adoption by the conditions under consideration.

habebe

newbie

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Merit: 0

Re: about accelerating the mass adoption of crypto you just have to wait, you don't need to speed up a crypto process because it has a regulation that all procedures must follow there is a limit to this there is still security so no one can change the rules of bitcoin I wish it would come soon

kotgc

newbie

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Personal experience shows a need for user friendly instructions on the crypto ecosystem, particularly security.
Diagrams or infographics is needed for the basic user. I need to know where my hard earned money is going.

Wallet, hot or cold, to buy crypto. Hot preferred as newbies don't want to spend on a cold wallet.
Wallet hot, how to secure?
Exchange non-custodial to buy crypto and download keys to your personal control.
Wallet to download crypto keys.
Seedphrase to restore my hot wallet.
Seedphrase needs 2 physical copies, such as 2 x bolt, nut and 12-24 engraved/stamped 10mm washers.
Seedphrase physically to be stored in 2 locations.
Seedphrase to be encrypted.
Seedphrase decryption process stored on the cloud.
Seedphrase restore tested 1 or 2 times, to make sure you can access your crypto.

I know a friend with with 40 crypto accounts, so to manage any data changes they have to use a physical USB and 2 printed papers with the Company Name, Username, Email, Passphrase, Authenticator key, Seedphrase.
They need to decide which 1 account will be the seedphrase for the physical bolt, nut and 12-24 engraved/stamped 10mm washers.

Oasisman

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Quote from: Gyfts on October 23, 2021, 10:42:30 AM

Generally starts at the political level making sure the government is kept in check. My fear is most countries will coordinate with each other, or on their own initiative, will tax bitcoin through the roof or highly regulated it to curtail the crypto industry. Most of this preventable if you live in a democratic society, not so much if you are under authoritarian rule where the economics of your country are not dependent the common man.

Most probably each and every country is trying to impose taxation in cryptocurrency. That's the basic initiative of the government, everything that a person can make money of will be subjected to taxation. The only thing that stops them from imposing it today is the decentralization feature of crypto, thus they are making simultaneous steps to force the crypto exchange to urge their clients to undergo KYC.

Inevitably, crypto mass adoption will be accompanied by regulations imposed by the government to put a tax in every crypto related income.
I don't have an idea how they will deal with it, but it'll happen in the near future.

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