Topic: How can we accelerate the mass adoption of crypto? (Read 599 times)

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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

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!

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.

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.

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.

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.

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.

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

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.

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.

Blockchain, cryptocurrency and Security Token Offerings will find their place in the technology and investment world. The current market demographic is a fraction of what it could be and fostering adoption means taking the space out of obscurity. Having the foresight and seizing the opportunity to participate in regulatory development will foster adoption and ensure a lasting place in the blockchain history books.

Mass adoption of crypto is a topic which frequently discussed among members of crypto community. How can we accelerate? Accelerate is about how someone is get into this that's people get exposure to crypto.

 Here mass adoption happen is they should know, what is this? How to invest? Where to invest?
  Now is not about talking or listening.Now they can actually enter into the crypto world. Within a matter of few minutes we can available the platform like insta or any other which they can use, they would be able to their first investment to crypto.
 So the thing we can do is to make the people aware about this. And give a genuine feedback from your experiences because I believe user experience is the key to accelerate the mass.
 Nowadays where online campaigns can have a surprisingly big impact on the market price of anything. Be aware about that.

 But still many have a doubt to accept it. Maybe legality and volatility are the major reasons. This part government should interfere and need to fix the existing mess.

It will take time for people to get acquainted with crypto but yes, the perception towards crypto is getting positive as there are more top institutions and companies that are getting into crypto market. So the trust is building up. And don't forget, there's El Salvador, the first country to make bitcoin as legal tender. So people will be curious about the move of El Salvador as they made it legal tender in their country. So the notion of being scam definitely will go away.

When looking at the nature of things, it's audible to the deaf and very clearer to the blinds that bitcoin is not longer a scam zone of life, before now people were criticising bitcoin tagging it different names, but it has come in conclusion and in reality that bitcoin is legit, only that people that were castigating it is now adopting it's protocols, no need for we to search for further method for adoption by the masses, because people is already adopting the use of bitcoin by they self's, so from my views bitcoin is selling itself because of it's good news.

Do you think that the blockchain technology is going to be used widely, and not just for money transfers?

Personally, I believe that crypto and blockchain are the future, not only for currency, but for other industries as well. There are so many amazing things that the blockchain can be used for. Like information and data storage, tools for providing social services or business processes, security, people management and so much more. It could be used for anything.

First of all, I think crypto adoption should start from the government. Economy and finance of countries are controlled by the government. If there's a serious plan to boost adoption of cryptocurrency, it should definitely start from the government.
Secondly, as stated earlier, volatility, fraud, etc, are major impedances of cryptocurrency adoption. If this is tackled and proper information about cryptocurrency is passed, there'll definitely be more people/businesses making use of cryptocurrency all around the world.

Stay low key and never intend to show off your crypto possessions if you do like on making yourself safe away from hackes and criminals.

KYC is indeed just a very casual thing to happen since regulation is always there and government would normally be touching up crypto and trying to regulate all they want but turns out that they cant really just able to do so.

Adoption is indeed moving but we cant really expect that we could go with full scale but at least we are really heading on something better
than on previous years.

Sadly, but it’s true. Now is the time when everyone wants BTC. On one hand it seems positive that governments of many countries adopt laws about crypto and make it legal. On other hand, governments are forcing exchanges to make an obligatory KYC, because they want to control crypto and to get taxes from all transactions. However those KYC are sweet pieces of a pie for all the hackers who know the ways and have opportunities to steal user’s data. Indeed, you know just such a time that we should just not tell anybody about any crypto possessions.

I think the main issue of adoption is government regulation. I think there are still many who think that blockchain as a crypto technology is a threat to finance in a country. Though I think it's just a matter of setup to get it done. Adoption is actually quite wide, taking advantage of the technology not as a means of transaction may be slightly better, because it is not a threat as fiat currency. Although I'm sure maybe in the next 10 years the adoption and recognition of crypto will only increase.

Personally, I don’t think that is going to be possible to regulate cryptocurrency directly, except the ones that are centralized from the start. The only thing they can do is to have more centralized exchanges and wallets that will be regulated by the government. Then as for volatility, I don’t think there’s anything that we would be doing about that, I know that it discourages a lot of newbies from becoming part of the cryptocurrency community, but at the same time it is what makes a lot of people to enjoy being part of the community, because they are benefiting from it.

Lastly I think this is a process and it isn’t something that we’re going to have to rush, as time goes on people will be adopting it.

I think that the best we can do is not to rush events. Traders just need to invest and trade BTC like they do it every day. It comes up that the steady increase of BTC’s price and positive news about this in mass media popularize and accelerate the mass adoption of BTC better than anything else. Putting the possibility to buy products in internet shops in BTC, nice BTC advertisement pictures and good discounts for people who buy in BTC can also promote and make people to get interested in it. Only with big volatility we can do nothing but accept and use it.

I think so too, but easier said than done, and I think the hardest part is the regulation, subsequent practicality because alot of factors makes up this problems
+Government
+ Employers
+ Sellers of provisions, everyday needs
+Banks
And I think this problems has one common solution and that's giving the option and choice in the hands of the individuals, government would complain that crypto-currency is leading to fast scams of it's citizens but the can put a warning and allow them carry on if they want and at there own risk, so should the other factors.

Yupp , i just cant see those country in total failure adopting bitcoin and become a terrible example.

wish them luck and have a successful adoption in these tough mission , lack of knowledge become the biggest obstacle , people only know bitcoin as a promising investment and yeah nothing they knew about how powerful bitcoin could be a revolutionary money.
lack of regulation that could really accomodate everyone and so on , we are still far from the complete adoption. nothing you can do to accelerate it unless of course google as the leading multinational company along with advanced strong country like US , russia and china promoted it at once which its unlikely to happen.

And it is started in El Salvador, we are looking forward to seeing this will accelerate the adoption as many countries will know this. Cuba, Venezuela, and many others are going to follow but somehow, as we can see that it wasn't that fast as it moves and the reason is that how the government is responding to such demand in regards to legalization, was very slow. Maybe if they just work it faster and set aside their own agenda like collecting tax for all crypto holders, this could really help to fasten the adoption.

Somehow I see this. Axie Infinity is still pretty hyped here in my country. I would somehow call it a meta adoption, as it is not the usual adoption that we were expecting like people would consider utilize it for non-entertainment purposes.
For merchants, I am not sure in your country, but in my mine, it isn't that much actually. Bitcoin is just seen as money-maker, not that "away from the bank" or decentralized currency where people have the freedom actually.

Adoption has "corrupted" your main idea over the years for a single purpose; the normative.(e.g. kYc)

In a certain way it has been and is the first barrier to overcome but the reality is that bitcoin has in its execution priorities to skip that rule but we already "adopt" it as basic, so Yes, maybe the bitcoin niche has been resigned to that idea with the step over the years, but I think we must understand that at least the insurgent adoption that only requires having a bitcoin address, is already there in many places, in many countries and they do not even distinguish social class.

So, that idea of ​​thinking about adoption as the main barrier to overcome from the Kyc must be changing or better it must be defined correctly in its context, the real adoption or the main thing is that we all learning/know bitcoin. Well done that already exists in each person that no matter where you are has chosen to access technology but that window must grow regardless of the restrictions.

Mass adoption is currently happening right now, crypto is being used in our daily lives by many people. The new meta right now is the NFT game here in my country, there are many players and investing in many different NFT games so that's why people are now aware of cryptocurrency. There are a lot of merchants right now that are accepting cryptocurrency as a payment method on the platform. Also, there are different kinds of web platforms that use crypto so for me, it's already starting and it's a huge acceleration already, the fact that it was being used in different aspects.

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.

The increase in the price of Bitcoin is getting higher and always breaking the previous all time high, this has become a lot of talk on various social media.
It is the most effective factor for accelerating the mass adoption of Bitcoin, because many people feel they can get rich by investing in Bitcoin. Finally
this can make people who do not know Bitcoin to be curious. They will find out about Bitcoin and once they learn it, they will try to buy Bitcoin.
The conclusion is that if we want to accelerate the Bitcoin adoption process, start spreading positive things about Bitcoin, then by itself many people will
try to find out about Bitcoin and plunge into the world of crypto.

From the price it reach from almost starting to nothing , its no doubt that btc is developing and still have more chance to be known as the adoption increase. Now there are still people who did not mind having bitcoin or doesnstill know that btc exist , as time pass by and technology advancement happens more , butcoin will surely be part of it as a decentralized coin that is want by people who do more online business and transactions.

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.

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.

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.

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 .

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.
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.

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 agree on you. We can't push through crypto adoption just the way we want it to be knowing not all countries are already aware about crypto existence. Admit it that there are still those countries that are not yet fully civilized, and is still naive about crypto so we can't let them adopt crypto as they don't even know it in the first place. One thing i am certain to be able to accelerate mass adoption of crypto is getting the whole world first educated on crypto and knowing its advantages once it became a currency. Once the citizens will start gaining insights on crypto, then we  can start promoting crypto not just as an investment but more on its currency functions.

And aside from that...
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.

Not all places in the world had been reached out by internet which means that not all would really be aware on its existence but somehow it is really just on small part if we do talk about full scale adoption.

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.

What comes to volatility, it is already solved as there are stable coins that are not volatile at all.
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.

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.

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.

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.

Well, I think these are all good enough but unfortunately, some conflict of interest and misunderstanding keep on rising as the government will also have its own set of rules and market regulations. I understand that we wanted crypto to become a legal tender like Bitcoin but it seems going too hard when we are still in this position where the majority of the developed countries are not supporting it yet.

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..

I think we are already in the process of accelerating mass adoption for crypto seeing some of those big and developed countries are already considering bitcoin as a payment method. But if we are aiming for a higher rate of mass adoption, i think we should start it in the government itself. They should not be one sided and should be more open on crypto because crypto itself needs an attention too just like fiat. Because at the end of the day, the government should always think of the welfare of the people and that crypto will certainly give them the convenience they want.

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.

We've been hoping for it to happen wayback into those yester-years and only this year it did really become possible on where a country did really make it as a legal tender.We've never been anticipating
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.

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.
With or without them, bitcoin price will always increase the price.

At the end of the date, the world is and will be divided into many countries for a long time to come. Each country has it's own set of laws to navigate and different cultures with all sorts of different values. The fact that Bitcoin has been widely accepted by countries in the Americas and Europe is the best we can hope for short term. As these countries have stable societies that can build out the legal framework for it to exist and later on be copied by countries with less resources to devote to such activities. At the heart of it all cryptocurrency needs to maintain transparency and freedom with an effort from existing holders to push back against oppressive governments who want to ban it outright for the greedy and self interested needs of the politicians in charge.

It's not about how to speed up mass adoption, but the real use of crypto must be really useful and requires research to do mass adoption for real use.
Crypto is indeed very hype right now and crypto users are increasing. But mass adoption has not yet fully occurred. there are various kinds of pros and cons of using cryptocurrencies so that some countries carry out strict regulations on cryptocurrencies.
Many aspects are considered to initiate adoption, so it will not be easy to do mass adoption and cannot be accelerated.

In as much as Bitcoin can't gain stability and regulation it's impossible to adopt Bitcoin as a generally accepted payment method or as a legal tender. Outside all this Bitcoin don't have an intrinsic value it rely solely on fiat currency to get it's value. Another pressing issue is it's high volatility. Unless Bitcoin can counter all this limitations it's would be difficult for Bitcoin to be a legal tender

Do you really think that government would just simply do that? Never ever on my dreams that each one of them would be ending up on a one harmonious decision towards Bitcoin.
They had been blocking and prohibiting bitcoin to become mainstream on most of those governments around the world excluding to those who had adopted bitcoin.
For now the best thing to be done is not to mind off that much because adoption is on the move even though it isnt on full scale but at least we are seeing some progress.

Part of the reason for slow btc adoption is mainly the government, without the full support and acceptance from government of various countries it will be difficult to experience rapid adoption, in other to accelerate or speed up adoption the government must give their full consent and support btc to operate legally without any form of restrictions.

This. It is going backwards. For obvious reasons that when Bitcoin gets more attention in the mainstream media, the more likely that the government of every country out there to take action on whatever regulation they have in mind.
Just about 3 weeks ago, I have my custodial wallet asking me to provide details of where did my Bitcoins come from, while it is just obviously coming from my own hardware wallet.

Well I do think some things that can be done would depend on who is doing it !?
Well for people who are very interested in Bitcoins and are positive about the future if cryptocurrencies like bitcoins as well then I do think what they can do is:
Educate other people about it as well, clear their doubts, help them set up their wallets and give them a push. Proper education is the key. Well media does not provide any of that therefore it might be better coming from a person who is involved with the bitcoin community and has good experience as well.
For small business who wanna add bitcoins in their payment methods as well :
More improvements can be made with lightning network as well.
The government can try and integrate bitcoins in their economy and make it legal as well, but all these things needs a lot of research beforehand and they should know how they are handling it as well. ( There should be very well informed people in charge of all these actions and activities and not just old congressmen who knows nothing about bitcoins )

In order to be used as a currency, Bitcoin's volatility needs to stabilize. It also needs regulation so that users can be safeguarded, but not so much that it can stifle development. Besides, we need to have a more friendly way of using BTC and other cryptos. If crypto wants to become mainstream, an easier way of use needs to be developed.

Regulation is something that can realistically be solved by the legislators. It's not that hard to write down that crypto income is subjected to the same taxation as income in fiat, that it's legal to use cryptos for payments and that it's also legal to invest long-term and trade cryptos. I think it's okay to calculate monthly profit from trading in fiat for the purposes of taxation, and to fix the initial price of purchase and the sell price to calculate long-term profit for taxation purposes. Sure, there are some adjustments to figure out, but it's not an impossible task. As for ignorance, writing standard programs of school subjects and mentioning some info about cryptos and blockchain there isn't a hard task (France already did this). Regarding volatility, that's not something any authority can control, so people will have to live with it. But fixating the prices in fiat while allowing to pay with Bitcoin also shouldn't be much of an issue.

     There are already various means of mass adoption happening. You should realise that regulation isn't the only way. Still though, it gives a greater push to hasten things up but at the expense of the crypto enthusiasts being taken advantage of. The big news about ETHs happening although not helping bitcoin directly, it helps spread awareness about this industry which is a good thing. I guess more than major news to boost the common people's awareness about this industry, regular promotion from common folks to their peers or influencers to their audiences would work like magic also.

The mass adoption can also be accelerated by active involvement in Cryptocurrency and ensuring all related elements of scam is totally avoided, educating the rural settings, community, organizing crypto exhibition show, talent acquisition, free crypto tutorial then the respective governments too will develop interest towards it adoption, also i think most countries dont see crypto as a game changer to better boost of their economy else they would have supported it enhancement impact to rehabilitate a dilapidating system.

Thinking that it's only the Bitcoins infrastructure that's the blame for the slow mass adoption is not taking into consideration many social aspects that tend to play a factor. Surely there are technical aspects of Bitcoin that can be worked on to better accommodate mass adoption, but we as a society need to develop towards adopting a whole new system.

Bitcoin will never be able to replace fiat and i think that would never be a problem. Bitcoin being a currency is already good enough because that's the goal exactly of having its mass adoption. And to think we are already enjoying its process, in few years from now, majority of the developing countries are already using bitcoin as a payment method. The only thing that i think can also help bitcoin to accelerate mass adoption is simply using it as what it is intended. Spend some of your bitcoin, and maybe keep investing the rest so you will definitely enjoy using bitcoin and investing in it at the same time.

You can but it is very difficult to do and most people do not. If you have signed up to an exchange, then you are not anonymous.

No, it isn't. It was created to allow payments directly between parties without an intermediary or third party being involved. The whitepaper only mentions anonymity once, in the context of keeping your public keys (and therefore addresses) anonymous, which of course most people do not do since they trade on centralized exchanges.

Good. Bitcoin doesn't need governmental support. All it needs is the government to stop trying to stick their noses and grubby fingers in to something they don't understand. If you want government regulated money, then fiat is the choice for you.

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This entire thread is a mess. I am astounded by just how many people on are calling for more regulation, on a bitcoin forum no less. The whole point of bitcoin was to create money for the people, which they could use without a government trying to tell you when you can spend it, what you can spend it on, who you can trade with, etc. You think governments are going to pass a law saying "Bitcoin is a currency now", and be done with? Of course not! They will want to regulate it until either they can control every aspect of it, or it no longer exists. They are already using it to spy on you and monitor your behavior. Next step is to control your behavior. Government regulation is a path to the end of bitcoin as we know it.

Regulation? Its not needed but with some service correlated to it then we do need that but of course KYC be a big problem.
Volatility? Deal with it because this is actually the one reason on why people do love to invest on not only basing up on real use case.
Ignorance? This is a personal problem because anyone could deal if they do just know on how to jump on whats the current trend.

For now it could really serve as a method of payment but wont completely able to replace fiat no matter what.

1. It needs support from the government. Once it becomes considered as a legal tender, the more it gains trust from the community but until this was not seen by them, it remains undecided and slowing the adoption.
2. People must have to stop thinking that regulations make crypto become centralized. We mostly look at in a negative way which brings us not agree with the government.

If all of these things have been corrected, I believe we can expect more and fast adoption. And with the participation of business owners, it is likely to see that major establishments will accept crypto as a mode of payment.

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.

It is right that regulation and stability are the main factors that can drive adoption. However, the reason why this market is attractive to investors and crypto users is because of its volatility aspect as well as being decentralized in nature. You can transact anonymously and that's why this was created. However, when regulation comes in, people will be subjected to kyc requirements and the anonymity will slowly disappear. But if we want to make this mainstream, some of the factors will really be compromised. And in this regard, we need to prepare for what is inevitable.

TBH, adoption's already started and regulation will help for mass adoption, no doubt about it. Also, people needs to be educated more about it, than practicality will get the right direction, IMHO. Although bitcoin or crypto market is volatile. So stability might increase the adoption those stablecoins, but it might not help with the adoption for other assets directly. Although people will divert into other assets from those stablecoins in the long run.

Regulations - is necessary but will give the power to governments and central agencies that will be used to uncensor transactions of suspected people (like tax evaders or I would tag them as tax savers, money laundering, etc.)

Practicality - depends on the mentality of how people see bitcoin, how they are taught about it, how they are made aware of the security risks of btc if not kept private keys properly, etc.

Stability - is needed but it will remove the pleasure we have right now of enjoying volatile benefits while we speculate. Stability is for fiat currencies, and bitcoin is not a fiat currency, it is not even a currency, so stability is not wanted.

Regulations are already on the way and practicality will depend on the kind of regulations that we are going to have. Fair and simple regulations help the practical aspect of bitcoin, while bureaucratic and abusive regulations make people have negative experiences when dealing with bitcoin, what will consequently impact mass adoption negatively.

About stability I just hope it isn't a requirement, because if it is, mass adoption isn't going to happen, as nobody can control bitcoin's price artificially to make it stable. Bitcoin exists as an alternative to the traditional currencies' system. If it had to work following the same model of fiat currencies there wouldn't be a reason for bitcoin to exist at first place. The volatile nature of bitcoin must be accepted by everyone who uses the crypto currency.

The use of cryptocurrency is now widely accepting some of the countries already supported this kind of payment method because it's all secured, transparent and has less transaction fee unless it's congested. Some of the countries won't support this kind of crypto because we know that some of them do not have any kind of law regarding the taxation of the crypto and they want to focus on their own economy only.  To the country accepted the use of it a good thing because they are opening a good innovation and adaptation. Blockchain itself might benefit not only crypto transactions but also for secured information.

People are slow to wake up to Bitcoin, they are happy to continue their financial
struggles with the FIAT system, a lot of people, the vast majority are financially
illiterate they dont realise the implications of inflation on their money let alone
the benefits Bitcoin can offer...
so its a slow process, what helps are bull markets like what we are experiencing ATM,
but so many people see only short term gains and are not interested or are oblivious
to what Bitcoin was designed for.

I would love to know what are peoples vision of mass adoption?

the only way I can suggest is by putting some regulations on crypto stating with regulating the value of cryptos which are mostly very fluctuating causing a problem among those who use crypto for transactions , no one would want to overpay and no stores would want to get underpaid just because the value of crypto keeps on changing.
then we need to make transaction a little more traceable like not the trades where we cannot trace back to the source of funds.
we need a little bit more security on our funds and on the cryptos such that in case of it being removed or delisted from the wallet we would have at least (not private keys) some way to convert them into out another assets .
and obviously more people like Elon chacha who would promote cryptos and blockchain tech itself.

Regulations is the very thing bitcoin  doesn't want, you won't want that as well as it would be bringing some forms of centralization to a perfect decentralized system which would defeat one of the things we very much enjoy about bitcoin and decentralisation.

Volatility, do bitcoin really lack that? When compared to other cryptos and a few commodities going about online, bitcoin has got just that and is doing okay to me.

Where most of the problem lies is in the part of Ignorance and you can't blame bitcoin for that. It's more about the people, both the ignorant individual that lacks curiosity and bitcoin enthusiast in the society. Sadly, there are lines to persuasion and one cnat do more than use a few lines not excluding seminars, mouth to mouth preaching on the system, article publications, donating a few coins and until recently been used in movies. Songs too would be another way to its awareness creation but, the government have been the major barrier to the success of this innovation.

Through education— it's the reason why most people still don't see the importance of bitcoin and think it's a scam in the first place. But you'd probably immediately realize that it's just not feasible to attempt to educate everyone, unless they deliberately want to learn about it. Hence why most people will only realize the importance of it at the time when they're going to need it most.

Volatility is a major factor for mass adoption and you cannot expect everyone to invest in cryptocurrency who have no idea about trading and the risk involved in it. When it comes to regulation, you cannot expect regulations as soon as the market opens up. It will take a long time and in the next few years we might see more regulations in the market than we see now.

Mass adoption is very difficult to happen for bitcoin unless lightening network or similar type of technology supports the entire infrastructure. There are definitely other thinga out of bitcoin network, but we need to fix what's there already.

We talk about mass adoption, but can bitcoin network handle millions of transactions daily? Bitcoin network can handle upto 7 transactions per second while Visa handles 1700. There no way bitcoin will become a regular currency for the mass.

IMHO, I think for that to happen, it needs a true and user-friendly regulation second is the system must be simplified in order to attract many possible users unlike now that sending and paying Bitcoin and other cryptocurrencies is still in a complicated form using those unfamiliar complex addresses and third is the transaction fees. it must be affordable because nowadays it's too much expensive that ordinary users can't bear it. 

simple rather.   No touchy.   

legacy banking systems are busy doing themselves in at a rate that you couldn't help along if you tried. 

Should we expect more quick adoption? As we can see Bitcoin adoption growing up, not downwards. A few countries already adopting Bitcoin and accept it as a legal tender, on the other hand, a few more countries wondering to do so. I think this is an adoption definitely. From our end, we can spread the word about Bitcoin worldwide, nearby, in our country, family and friends everywhere we can reach. That is our responsibility and regarding the volatility, we cannot really prevent that.

Bitcoin is much popular and the reason is volatility, we can not stop it technically.  Because Bitcoin is totally decentralized and we have no control over that. A few developing countries and poor countries do not want to legalize Bitcoin but most of the developed country thinking to accept Bitcoin as a legal tender although it will take time but hopefully soon we will see more mass adoption.

As has been going on until now, crypto adoption especially Bitcoin, has increased from year to year. Even though we want to emphasize that it continues to be adopted quickly, it will never be realized if every regulation limits it. We cannot force adoption in any way. Except every regulation in different countries has its own interest in Bitcoin and let them experience the benefits first.

But if we evaluate the growth of adoption then we have realized that by the end of 2021 adoption will increase significantly.

Bull. The whole point of bitcoin is to not have a centralized regulator or third party or government controlling its use. Most of the time a government somewhere in the world tries to get involved in bitcoin, they make things worse. Look at the endless bans coming from China (although if you have to ban something more than once, all you are doing is proving that it cannot be banned) to the new crypto legislation coming out of the US. The opposite of what you have stated here is true - a lot of issues facing bitcoin could be solved if most governments and associated agencies would just leave it the hell alone.

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In terms of OP's question - what can you do to help bitcoin adoption? Spend it! Use it as a currency, just as it was intended. Seek out merchants which sell goods or services in bitcoin, or contact merchants you frequently use (particularly smaller independent merchants and retailers) and ask them about accepting bitcoin. If you cant find a merchant accepting bitcoin directly for a good or service you want, then see if you can use bitcoin to buy a gift card instead. If you still want to hold long term, then simply periodically replace whatever you spend.

all problems related to it can be solved with the help of the government. To accelerate adoption, the government's role is very important in this regard. all the things that are decided by them become very important for crypto adoption.


yes it is very important, stable, safe, and legal is the most important benchmark for adoption.

Lets start by clarifying that there is a big difference between "crypto" as in altcoins and "bitcoin".
To get any adoption, let alone mass adoption for altcoins you first have to produce a useful altcoin which we still don't have. The only utility altcoins provide so far is pump and dumps.

As for bitcoin the only reason that has slowed down adoption is the fact that bitcoin is a new technology that people aren't familiar with and like any revolutionary technology it takes time to be adoption. The internet or any other similar new technology didn't reach mass adoption overnight, so you shouldn't expect it to happen to bitcoin fast either.
On top of that there is a lot of misinformation about bitcoin misleading and discouraging people every day. That too slows down adoption.

Things such as lack of regulation, volatility, etc. are silly irrelevant reasons. Bitcoin as a decentralized currency doesn't even need regulation! and volatility is because of lack of mass adoption.

It's also accelerating, we have yet not heard of BTC having so much attention from the SEC and Senate so the adoption I believe had sped up. The crisis had help this adoption and it's up to the businesses now whether they believe cryptocurrency is the future or not, if they accept BTC it's good for them but if not, they'd be affected by the inflation.


I think Elon is right for once despite all the shit coming out of his mouth. "Do Nothing." that's what he said.

Already we're experiencing mass adoption through different means. The real-time usage as a currency isn't available much, because cryptocurrency accepted stores are very limited and found in limited locations. Maybe in the future this can change. Apart from that in terms of usage as investment/trading asset, cryptocurrency usage have gradually increased. Particularly over the last two years the new users to the market have sky rocketed.

In my view, let bitcoin have its own characteristic features. It takes time for people to get used to it and understand. People who opposed or believed it a scam years back have started using it now. This is what growth in my understanding. So, with time people understand about the market and without big promotion it have grown to this extend. Same will continue.

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?