In my own opinion, I think we are slowly accelerating the mass adoption of Bitcoin worldwide. As BTC grows its popularity along with breaking it’s previous all time high, more and more people who are not yet into crypto are already searching and learning more about Bitcoin on Google, Youtube, etc.
It naturally accelerates right now especially to those countries who are crypto-friendly.
Topic: How can we accelerate the mass adoption of crypto? - page 3. (Read 557 times)
Btc is not yet massively adopted because many people are unaware of it, others only sees it as a money making tool, once they invest they expect to make profits quickly, several others don't understand it, to them it is complicated and risky, and this categories of people are more than the btc supporters for now, so probably with continuous awareness people will start understanding it and adopt it more.
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?
aside from all you mentioned the most practical and appropriate way for bitcoin to be mass adopted is that we as Masses adopting this together.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?
we are keep on asking mass adoption but we are not spreading the word to the world.
if each of us will increase their effort luring our friends and family to enter in crypto, invest here and use cryptocurrencies for their other transactions, then we will be seeing this adoption happening very soon .
We need to spread more knowledge about crypto currencies. Accurate facts. Most people know or read about crypto currencies on social media platforms like facebook and twitter. Sadly most of those posts and articles are fill with wrong information. And then there are some of those mainstream media that uses clickbait titles to attract users. Those titles somewhat tries to represent the whole crypto system in a negative way so that people click and read it. The more those kinds of posts and articles circulate, the harder it will be to create a mass adoption of crypto currencies.
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?
Regulation is needed, but in such a way that it doesn't destroy the main goal (such as decentralization) of crypto currencies. Stability isn't something we can achieve right now. The market will be volatile.What are your opinions on this?
Exactly, the limited information became the top hindrance to fully accelerate mass adoption of crypto. Government bodies are being blind by the circulating issues like scams and other crimes that people choose to use crypto. Regulation definitely is needed but then it is also one of the reason why government were having a second thought about the mass adoption because of being decentralize of crypto the government will having a less regulation about it. Stability, I don't think that this would be achieve and attain because we all know how volatile the crypto market is.
We need to spread more knowledge about crypto currencies. Accurate facts. Most people know or read about crypto currencies on social media platforms like facebook and twitter. Sadly most of those posts and articles are fill with wrong information. And then there are some of those mainstream media that uses clickbait titles to attract users. Those titles somewhat tries to represent the whole crypto system in a negative way so that people click and read it. The more those kinds of posts and articles circulate, the harder it will be to create a mass adoption of crypto currencies.
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?
Regulation is needed, but in such a way that it doesn't destroy the main goal (such as decentralization) of crypto currencies. Stability isn't something we can achieve right now. The market will be volatile. What are your opinions on this?
In my view, the mass adoption of bitcoin requires an encouragement from the government and immediately there is recognition from the state about the legality of bitcoin. people are still afraid of the security of bitcoin because the state has not fully authorized the investment in bitcoin according to my country. so people need a protection from the state against the funds invested if one day they happen to be fraudulent.
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?
What comes to volatility, it is already solved as there are stable coins that are not volatile at all.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?
Ignorance can be solved just by people themselves. If all people start learning about crypto (at least how to use it for payment), we will exclude ignorance.
As for regulation, some countries are just have to adopt crypto as their national currency because of a weak economy.But some countries can't put up with bitcoin that is decentralised and uncontrolled, so they continue forbidding it.
We cant really make it fast because this is something that moves naturally basing on the exposure and awareness of people in regarding into its existence.For now lets just wait and how this market
moves and reconsiders on being adopted by certain industries which could highly or likely to happen in the future considering these current adoption condition.
It must be admitted that bitcoin users are still small compared to fiat, based on research from many sources, global users of cryptocurrencies are less than 1% of the earth's population so we must continue to campaign about cryptocurrencies so that users increase.
I understand but need to come back to the point, you also correctly judged the number of basic users with crypto, if these people are the political actors of the countries, basically, the ability to mobilize people to use crypto could increase but it can be said that the part of political organizations doesn't seem to get along with crypto too much, we are just knowledgeable people here and have money and knowledge to invest. Simply put, our support cannot create a good enough campaign, it needs leaders in the countries, instead of this small group.Because not all people are agreed and give positive insights towards Bitcoin. Many were still innocent and not known to crypto, many were still living in the line of poverty, and it is really hard to think that they could understand and adopt Bitcoin. Not included the numbers who hated Bitcoin, we can admit that a lot of people are arguably thinking about the capabilities of this technology.
We can fast-track the adoption of crypto if we all have the same mindset but too sad that it won't and it is really impossible.
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?
What comes to volatility, it is already solved as there are stable coins that are not volatile at all.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?
Ignorance can be solved just by people themselves. If all people start learning about crypto (at least how to use it for payment), we will exclude ignorance.
As for regulation, some countries are just have to adopt crypto as their national currency because of a weak economy.But some countries can't put up with bitcoin that is decentralised and uncontrolled, so they continue forbidding it.
We cant really make it fast because this is something that moves naturally basing on the exposure and awareness of people in regarding into its existence.For now lets just wait and how this market
moves and reconsiders on being adopted by certain industries which could highly or likely to happen in the future considering these current adoption condition.
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?
What comes to volatility, it is already solved as there are stable coins that are not volatile at all.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?
Ignorance can be solved just by people themselves. If all people start learning about crypto (at least how to use it for payment), we will exclude ignorance.
As for regulation, some countries are just have to adopt crypto as their national currency because of a weak economy.But some countries can't put up with bitcoin that is decentralised and uncontrolled, so they continue forbidding it.
It must be admitted that bitcoin users are still small compared to fiat, based on research from many sources, global users of cryptocurrencies are less than 1% of the earth's population so we must continue to campaign about cryptocurrencies so that users increase.
I understand but need to come back to the point, you also correctly judged the number of basic users with crypto, if these people are the political actors of the countries, basically, the ability to mobilize people to use crypto could increase but it can be said that the part of political organizations doesn't seem to get along with crypto too much, we are just knowledgeable people here and have money and knowledge to invest. Simply put, our support cannot create a good enough campaign, it needs leaders in the countries, instead of this small group.
1. Show people what a Bitcoin mining rig looks like to show them what Proof of Work security looks like.
2. Bitcoin ATM at every grocery store like Walmart, Safeway, Target etc.
3. Explain that Bitcoin is finite to 21 million coins which means Bitcoin cannot be printed into inflation while fiat can be printed into inflation. The finite amount is why Bitcoin is similar to the Gold but the digital version of the Gold.
2. Bitcoin ATM at every grocery store like Walmart, Safeway, Target etc.
3. Explain that Bitcoin is finite to 21 million coins which means Bitcoin cannot be printed into inflation while fiat can be printed into inflation. The finite amount is why Bitcoin is similar to the Gold but the digital version of the Gold.
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?
Most countries will not legalize bitcoin as a mean of payment because the government does not want to give freedom to all its people with assets that cant be controlled like bitcoin. Centralization is an idea that benefits the government because with it the government can regulate financial and economic flows. We must have often heard that volatility is the reason why government are reluctant to legalize it as a mean of payment other than accusation that bitcoin can always help finance terrorist and other illegal transaction on the black market.What are your opinions on this?
I don't know if we will reach the global adoption stage for this decentralized asset or not. But to expect wider adoption with a large number of users willing to use it as a mean of payment is always possible. However, price stability will be very difficult to achieve considering the supply and demand factors.
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?
10 years, 20 years, Until this status remains, we can't expect that we got into mass adaption. Until the majority won't see the benefits we got from using crypto, they keep ignoring crypto the whole life.
It must be admitted that bitcoin users are still small compared to fiat, based on research from many sources, global users of cryptocurrencies are less than 1% of the earth's population so we must continue to campaign about cryptocurrencies so that users increase.
Obviously lack of information is one of the factors that can really make crypto experience slow adoption. But probably it doesn't matter because indeed every year there always a big improvement because of some businesses or countries that embraced bitcoin reason it's now at this level..so perhaps it's okay even it has slow adoption at least it's gradually getting more attention which is the most important..
[snip]
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?
Well, I believed mass adoption will start those who lead in the country or as a president and accepted it legally --so I think you are right. Regulation is very important but it is not mandatory at all. Because we can still adopt bitcoin without knowing by the government if they will still insist on the regulation process. As I see it is not hard to accelerate mass adoption if your country does not have any negative comments about this.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?
With or without them, bitcoin price will always increase the price.
for things to happen because we know that decentralized stuffs wouldnt really be that regulated easily knowing that government doesnt really like decentralization but here we are now on where
there are countries which had already made up such decision.We dont know on whats up into their minds but having these events or news would be always considered a good one.
During the early days of bitcoin, we're not asking for regulation and just simple adoption. I think time after time, we're realizing that despite cryptocurrencies are decentralized although some of them aren't, is requiring regulation for the mass adoption and that's the reality.
Without having such, there's no support that it will be getting from the government which is also getting the public trust. But for me, as long as there's no negative signs that a country is against crypto and they're allowing transactions, that's much better for the adoption.
Without having such, there's no support that it will be getting from the government which is also getting the public trust. But for me, as long as there's no negative signs that a country is against crypto and they're allowing transactions, that's much better for the adoption.
While government does have a role in adoption of crypto, I don't think it's that important. I want to use El Salvador as an example. They are currently recording high adoption rate since making bitcoin a legal tender but majority of those adopters came for the $30 BTC airdrop. I don't know if you get the point I'm trying to make?
What I think would be major drivers include:
- Making crypto fast and extremely cheap to use.
- Educating people about benefits of using crypto over fiat.
- building specialized solutions for people in not-so-urban areas.
[snip]
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?
Well, I believed mass adoption will start those who lead in the country or as a president and accepted it legally --so I think you are right. Regulation is very important but it is not mandatory at all. Because we can still adopt bitcoin without knowing by the government if they will still insist on the regulation process. As I see it is not hard to accelerate mass adoption if your country does not have any negative comments about this.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?
With or without them, bitcoin price will always increase the price.
for things to happen because we know that decentralized stuffs wouldnt really be that regulated easily knowing that government doesnt really like decentralization but here we are now on where
there are countries which had already made up such decision.We dont know on whats up into their minds but having these events or news would be always considered a good one.
[snip]
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?
Well, I believed mass adoption will start those who lead in the country or as a president and accepted it legally --so I think you are right. Regulation is very important but it is not mandatory at all. Because we can still adopt bitcoin without knowing by the government if they will still insist on the regulation process. As I see it is not hard to accelerate mass adoption if your country does not have any negative comments about this.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?
With or without them, bitcoin price will always increase the price.
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