Topic: Is Mass Adoption even possible.. (Read 3681 times)

Yea after segwith support drop down and BU comes on top even classic  8MB has how 10% support.
But i will back you up with block size and think that 8MB would be good solution for mass adoption. Segwith didnt do as expected i presume so remain to be seen in next period how thing will work out.

The transaction fees are a mood detail. At the moment fees calculated in Dollars are rising along BTCs notation (spending 0.000123 BTC for fees costs you more at 1000 USD/BTC than did at 150 USD/BTC so multiplied six times in between last two years) this effect rather hampers adoption than propelling it onwards.
Asset liquidity on BTCs (and even Altcoins) exceeds any stock, you can act as your own broker and transfer times are magnitudes quicker in comparison to "1 1/2 Bank Days". Yours truly has to take a look at bank account tomorrow in the evening times, sighs!
Once Vinkelvoos ETFs and the like get common these border lines will be more obscured, the differentiation between stocks vs. cryptos vanishing.

This is how I understand the meaning of mass adoption for anything. When something like Bitcoin has limited supply it is almost impossible for every single person to put hands on it. Mass adoption means large number of people are showing interest and trust to use something as alternative means of their local currencies. Bitcoin already has reached to that point.

Mass adoption of bitcoin by users is possible, but it won't have a growth rate throughout. These days the merchants and retailers accepting bitcoin is increasing rapidly, to the same the user base is not getting increased in the similar base. So things could take place evenly and rest in the hands of merchants to convince people to use bitcoin as a mainstream purchase currency.

Cryptocurrencies is not like stock as there are two different things. Stock is liquid asset that can easily be converted into money. While bitcoin or other cryptocurrencies is money itself, it is decentralized and you can store it like a store of value. Masses will adopt bitcoin because of it decentralized nature, low fee on transactions compared to fiat money.

That is the biggest stumbling block for you? What about the big banks owned by the ruling elite and they also own everything including the government that you so love to follow and support.


I can say that you are not too bright looking at your posts. Try going to your bank and ask an executive if he knows about Bitcoin. If not tell him about it then ask him if he should care. Come back here and tell us what he said.

Mass adoption might just be a dream, given the problems being encountered with delayed transactions. I think that will be the biggest stumbling block and will be such a big obstacle to hurdle for years to come. But then there is hope, and we can only hope that bitcoin reaches a point where everyone is familiar with it where banks and governments have set a certain policy towards its acceptance and usage.

Not if the banks still have a say in government policies and laws created. They control everything, they own the world and if Bitcoin really gains "mass adoption" then that means they allowed it. What they cannot take away from Bitcoin is its ability to be a censorship resistant value transfer system. Perfect if you want to be "anti bank".

I am sure that at some point the block size will get a bump to allow more transactions to be processed, but the main point of attention will be when, and what update will make sure we get these much waited for larger blocks. I of course hope that SegWit will still overcome the relatively low support by pools, but in order to make Bitcoin move forwards, larger blocks are indeed a necessity. That's why it sucks that pools and certain high level Bitcoiners add more value to their empty egos than Bitcoin itself. Bitcoin on its own is a fantastic invention, but as always, people make things way more difficult.

Of course it's possible. But not on 1MB blocks.

Trading and speculation profit is not the only use of blockchain either

With regard to exchanges things have advanced a lot, there was a time when the only option people had was Mt. Gox, and probably other less known exchanges. Progress in this regard is very important for adoption as this makes it easier for people to buy Bitcoin and get involved with it.

Yes I think that people are interested in stock but they finds it critical to understand the market and the loses they see from time to time make them stay away from stock exchange. But bitcoin is not as critical as its looks from outside, from some research anybody could understand the market of bitcoin additionally from the past statistics we can see the it never lose that much value even if it loose the value recovered soon.
So mass adoption is very much possible in bitocin. 

This. I believe HarryKPeters himself does not understand what he was talking about or if he really did care what the topic was all about. He might have tried to answer as best as he can and still missed the target badly.

Mass adoption for Bitcoin is a lost cause judging from what is going on today. But it is still very useful in the dark markets.

Which country has the cheapest electricity? one is China and that alone has more than 1B population, if we are introducing bitcoin as a decentralized currency every one should be able to mine it but when most of the people in other countries see they can't profitably mine bitcoin and see Chinese have the advantage over them, what would you do?

I think nation adoption has already happened but worldwide adoption with this small block size? the joke is on you.

Another thing imo which would increase bitcoin adoption is possibility to have on chain meta data associated with addresses, or group of adress, in sort that a sense of legal or moral entity could emerge from the blockchain and the possibility to specialize account like PayPal with merchent and customer type of address or account, to know a bit more of who is what and have more information on what the transaction represent in a higher level, to make things more transparent and "humanly readable".

If you look back at the history of trading in stock exchange it was wild and unregulated in the beginning and then government started implementing rules and regulation for that and that is the case with cryptos too and only time will tell what the state would be and since it is a new form of platform it will take time for mass adoption.

Yes, massive adoption is achievable and will overcome all the obstacles as time goes on.
1. A single won't ever possible as we have plenty of cryptocurrencies (if needed right)
2. Will be happen in the future if the price hit higher point such as $5000-10000, make market cap bigger which results stable price.
3. What kind of inflation?
4. Can be, but still need expensive cost, people to run it and maintenance.
5. Maybe about 60-70% already done.
6. Absolutely.

The way i see it, the developpement world is divided between two "factions" which are what I would call "hackers" people who are into network protocol, crypto, system administration , unix etc, and the other faction is domestic software like vidéo game and desk top application.

To me bitcoin clearly come the hacker faction, so it has well designed protocol and crypto, security, but it lacks completly ergonomy, good system integration, clear interface, and things that make intuitive and safe looking to average computer users, instead of being presented as wall of hash with cryptic nov lang, with software that is not always bug free, and isnt really packaged like you would expect of traditional application, no real install procédure or explanation on anything, need to edit config file by hand, and it's not very ergonomic all together.

Scaling is also another issue, but I think lack of ergonomy and clarity in the applications , often dispatched between miner, wallets, masternode, and things are not really tighly packaged together with clear manual and minimum of garantee In the functioning, is the main thing that hinder wider adoption by "the mass".

Mass adoption is possible if not to bitcoin then to crypto currencies in general. I would not call it's so soon, because of you noticed correctly that even the Internet came not to every house yet. But I'm sure that crypto currencies is logical future for traditional payment instrument as paper money.

The use of Bitcoin is currently collectivized over the course of growth. In terms of new people coming, they first would have to get through the learning curve to then develop an interest in putting money in and gain off interest or luck using services.

It takes a lot to unlock full access in this economy and it can be done in any amount of time because of the steps needed before, during and after making moves into becoming established here.

Under the current conditions, I also think the odds are very low, but I believe that when the Bitcoin network improves, and solutions like lightning network become possible, we will see a larger number of users using Bitcoin.
I think there are big companies, especially in the online shopping business, that probably already have plans to adopt the currency, but the fact that the network is not yet ready for micropayments causes such companies to take a step back.

Mass adoption requires Bitcoin to adapt to larger blocks. Another aspect will be the implementation of Lightning Network to support ultra fast payments without the need of waiting for confirmations to come through. I think these two implementations will do pretty well when it comes to higher adoption levels. Regarding traders -- they will remain as long as the price keeps moving up and down regularly. Bitcoin is basically a free market where entities with the deepest pockets make the market move in their preferred direction. Volatility guaranteed.

I agree, we are just waiting sometime here.  And if they do not consider bitcoin will not be adopted by masses because of the high cost just accessing it like internet connection, lol then I can say internet has not been mass adopted.  Anyway, as the time pass I believe that access to bitcoin will be easier than it is now.  Development will be good enough to make it to mainstream.  From there we can see almost all internet user have adopted Bitcoin.

We need to keep in mind that bitcoin is really a very new innovation (it has less than a decade from its foundation) and people have used fiat money for centuries, and precious metals for millenniums. When first mobile phones emerged 30 years ago, none thought they will be in the hands of everyone these days. So I think it is just a matter of some years to achieve that expected massive adoption.

Well it is in the process, you have adopted it, I have , my neighbor has not adopted it, but definitely it will be adopted since there are already seeds in different nation to spread awareness about Bitcoins.  Aside from that Bitcoin developers are working non stop to the point of them arguing about the next implementation of updates on Bitcoin to be able to make the mass adoption faster.  So for now I guess it is in the works to be adopted , (mobile phone is enough to get Bitcoin and cheaper than PC )

the only things that can affect the mass adoption are the ability of bitcoin to handle the large number of transactions. and then it is the willingness of the investors to spend bitcoin or just trade it. and as long as they are not spending, no mass adoption and no merchant is coming in.

It's relative. Investors determine the price and mass adoption is how sad it sounds part of what the market wants... in this case the investors.

You could not be more wrong. Even if developers created consumer friendly Bitcoin services which markets do you suggest should it serve? The same markets that are serviced by the banks? How can Bitcoin compete with that and how can it make it more efficient? The people would still use their banking services because it is the most efficient and the easiest.

The unregulated markets is where Bitcoin will be useful because the banks do not have a service for them. Places like the dark markets, the black markets, the ransomware markets. Anywhere where there is an inefficiency in payments that the banks refuse to enter will be useful for Bitcoin. I hope everyone gets it.

I'm not sure Bitcoin is an online currency. I've held BTC for several years and I have never bought anything with it. I'm sure I'm not the only one.

After reading many news articles and blog i will tell my view over "Mass Adoption"

In this context Bitcoin became part of a larger question of payments innovations within the financial industries – an interesting angle, Bitcoin is an entirely separate system, representing the future of finance.

To Mass Adopt bitcoin will need help of more consumer-friendly Bitcoin services. (in all aspect of merchandise)

This should come as no surprise as a new generation of consumers are emerging who grew up on a diet of social media and mobile connectivity. (sadly but true)

Why?
Simply putted we are on era of mobile communication and internet grow so exponentially in last 10 years and most are users in 18-26 years old. They are main key in this to be successful in any way. Micro-payments like this are not possible under traditional payment systems yet they suit the online community perfectly. Newer generations are also more likely to be a part of a mobile workforce. The global economy is leading a jobs market where knowledge and skills are sourced internationally. Bitcoin has very real potential in serving the new mobile workforce in the area of remittances, but also in bypassing the need to integrate with localised payments cards, coins, currencies and financial systems. Bitcoin offers one global, digital currency. 

End line
Paypal may have eaten a chunk out of the payments market in the beginning and he done his job, but now Bitcoin may have the potential to consume rest of it. If this adoption continues like this it will be begging of new era, digital era of payment.

There is always a possibility.  We know that there are people giving up on bitcoin but there are more people that are adopting Bitcoin everyday.  With this trend of event continue, we can see more and more percent of people will be involve in Bitcoin economy.  Mass adoption is happening, it maybe not that fast but it is. So I guess we just need to wait until we can say Bitcoin had been adopted by masses.

Since fiat is more uses and more common people believe into it, there's hard way even no chance for bitcoin to get mass adoption, since it's designed as more likely alternative currency, limited supply and fluctuate price which mostly people avoid it.

Stock? Bitcoin can be anything.


I don't have idea what you talking about, the system already decentralized you can know where the mining activity come from, how the transaction activity movement and it's transparent.

Chinese people wants to learn the new things which have an opportunity to make into something profit. It's come from the diligence of those people and they have an advantage to get a cheap equipment for do a mining.

No doubt few million people around the world uses Bitcoins, but mass adoption means more than 70 percent of the population uses bitcoins. I think this is for now look  nearly impossible because to be able to use bitcoins everywhere and in every shop, it requires good infrastructure of Internet and PC everywhere and everyone know the basic to use computers. All this is not possible at once.

But what about those markets that need Bitcoin for it to become efficient. The banks will not touch those markets because of regulatory issues so there is the second best thing. Bitcoin. If you are wondering what markets I am talking about it is the dark markets. There is also an opening market for the ransomware users and victims. Maybe soon the Mexican cartel will learn to use Bitcoin for their ransom demands, that is the organized crime market. Bitcoin cannot be compared to gold or the banking system because what you think it tries to be is not and it changes and evolves depending on who you are talking to or depending on who you see is using it.

Mass adoption of a singular cryptocurrency (Bitcoin?) will be achieved when all or most of the following happens:

1) A single, unified cryptocurrency is collectively recognized on a worldwide scale by the majority of merchants, vendors, and users as a form of payment for products, services, and local currency exchange (if needed)

2) Marketcap inflates and scales to some fairly stable level with much lower volatility.

3) Inflation rate falls below 1%

4) Highly-decentralized proliferation of mining and nodes worldwide achieved through breakthroughs in inexpensive, low-power mining equipment (e.g., I imagine a future world where a small mining chip is in every household router, business routers, etc.)

5) Onramps from local currency --> cryptocurrency EVERWHERE, INEXPENSIVE (< 1% conversion), and FAST

6) Faster to make a small payment with the cryptocurrency than with traditional fiat/card (like almost instantaneous with offchain transaction, using nothing but a cell phone or dedicated device, etc.)

Achievable? I think so, and many other people do as well.  Many of these things are already in the works, others will just take time to breakthrough.

Honestly I don't know how the term mass adoption would be defined.
Bitcoin is mainly an online currency and a few million people all around the globe use it already.
From that point of view you could say that a mass of people has already adopted it.
But will a majority of the people use bitcoin one day?
I don't think so. People like their fiat, and for most of them there is no need to go into bitcoin.

I think developer can see this clearly that is why there are lots of solution each team of developer is suggesting to the point they argue about it.  I still believe that mass adoption is very possible with bitcoin. Lots of promotion, advertisement and company especially those that are using network marketing scheme that are keep on pushing bitcoin and introduce it to different people.

Bitcoin is not defined as commodity unanimously. There is more that one definition of bitcoin and every country has its own interpretation.
So far I heard that BTC is: digital currency, commodity, asset or something undefined.
Countries which defined BTC as commodity and not currency did that because they want to milk bitcoin with more taxes.

Well Bitcoin is defined as a commodity and commodities are usually traded on stock exchanges. The average person on the street might find it difficult to comprehend the fact that Bitcoin can be traded like a stock and used as a currency. We have a new technology here, that are not clearly defined yet.

People are lazy, and will over think this without spending the time to experiment first, and this will cause problems with future adoption. 

Is not possible, not with the current blockchain and mining system. We need to descentralize all the system, no more chineses masive mining farms and exchanges.

Cryptocurrency is not like stocks - it is people are using bitcoin as speculative investment method similar to stock market because of its volatile nature.
When we will reach higher adoption status price will go up and price will stabilize, so BTC become less of speculation game and more like currency system.

Cryptocurrencies are different compare to stocks, bitcoin created as digital currency in the first place.
And now we've seen bitcoin used as medium of exchange in some parts of payment transaction.
Mass adoption won't ever happen if the transaction number per second is limited by block size.
We know that exchange/wallet platforms vote for increase block size limit and hopefully we will see the implementation soon.
https://en.bitcoin.it/wiki/Block_size_limit_controversy

You are assuming that people will come to Bitcoin to become rich. This period is over now. They will maybe get a return of 3 or 4 if they invest now and are patient, but this is ridiculous compared to the 100x some people have made and will make in the future. The axis where Bitcoin promotion need to be made is on why this is good for them : faster and cheaper transfers.

Bitcoin's technology really may seemed hard for understanding for many people. But bitcoin as money awakes lot of interest as from ordinary people as from investors. Bitcoin adoption is pretty possible to happen, but maybe not all countries will accept it as payment on their territory.

Such issues will be there, but the system as well the developer team has solution to make it better and support the mass adoption and overcome those related issues. As now too on every update the scaling problems have been getting solved slowly.

Well we shall get a decision on the Winklevoss ETF on March 11th:

http://www.etf.com/sections/features-and-news/decision-bitcoin-etf-coming-march-11

Lets hope it is favourable.

I'm a bit more optimistic than most people here. What @r0ach is writing is basically true - Bitcoin does not make sense as a simple object of "value" storage. And as Bitcoin is not a "scarce" thing like gold (its software can be replicated) its intrinsic value is totally dependent on the network of users and services around it.

But Bitcoin can reach a certain level of "mass adoption" if it improves its usability for its main target audience: people who move money between different countries and currencies - tourists, immigrants and emigrants, business travellers and multinational companies of all sizes. With off-chain transaction methods available for micropayments and the possibility to interoperate with other blockchains (atomic cross-chain swaps) an interesting payment network could emerge.

How large would be that audience? I guess in the hundreds of millions (about 100-500 times more than now).

If cryptos are only meant the same way stocks are handled, I think most of the people will not entered this kind of thing in the web. First of all, most of people care for profits without going too much on learning technical analysis and more mathematics. Economical price thing isn't one of the subject that most profit earners want, at least those average ones.

People can earn profit from cryptos even just using the basic rule of buy and sell or even idle it and wait for price increase. Really different compare on studying the stock exchange.

I think it is, but if Bitcoin achieved mass adoption under current circumstances, probably the network would be congested, more users would complain about confirmation time problems, and many merchants would hesitate to adopt the currency. I think the scaling issue is something serious, and must be solved for Bitcoin to achieve mass adoption.

That is exactly my point of view. Until scaling issue is unresolved Bitcoin denomination as a world currency sounds like a joke. However, we all understand that any mistake determined by rush could destroy a whole ecosystem. So, I expect changes in the future but very measured. Bitcoin developers are flagmans of all crypto community. They know what they do and understand their responsability. Debates on development are normal issues and I think it will contribute to the best of it.

As about investment, I agree that ETFs will give liquidity and serious treatment from the investors side.

Isn't masses started adopting bitcoin?  Well that is because I consider us as part of that masses you  are talking about.  With that I can say, i disagree with you, people are interested but most just don't have a way to get into holding a stocks or get into that stock exchange platform.  But Bitcoin make it easy aside from that,

It depends on what you class as mass adoption.
I would say that Fiat is fully adopted, Gold and silver are not really fully adopted anymore I mean people buy them but I reckon real stackers are a low percentage of the population.

Stocks and shares are kind of adopted, I mean people have pensions! Property is pretty widely adopted too.

I think Bitcoin can fit in near Gold and Silver, in that plenty of people have very small amounts, but real holders are quite rare. I don't see it reaching the level of any of the others that I mentioned.

What do you care? be grateful that you are involved in the future technology, did you know smart phones existed 30 yeas ago? but now we only have access to them since 10 years. however I think Satoshi wanted to make a joke by saying microtransactions is needed but same time made the small space for blocks. every car has it's limits when comes to speed, are we really going to limit ourselves to 3 tx per second? if yes then we are asking for a better version with better engine yet keeping the old car?

Stocks are stocks and the only to get profit from it is to learned it obviously. The ways of it, how system works etc. No other way e.g just sit back and relax. So for others, it's really a boring one.

Unlike in crypto, people have an option to just hold their coins and wait for the trend.

Back in the thread title, mass adoption is possible but not globally since bitcoin are prohibited in some of the countries resulting for neighbor countries to think the same.

Almost like stocks but not totally stocks. Crypto are currencies which can be used to purchase items. Though it can be used as a store of value, its main purpose is as a method of payment. There is always resistance to change, and people will resist that cryptocurrency is the future. Give it time, mass adoption will come.

mass adoption in what form?

as a currency? nope. i don't think that'll ever be possible. it's too expensive to transact now on a modest basis and people won't accept the volatility.

the most likely possibility is as a gold alternative. but it doesn't really need mass adoption for that either. how mass adopted is gold? i don't know anyone who has any.

Learning of making profit through stock market is hard. Because before buying a share from a particular company long time research is needed to know the growth rate of the share to yield profit. But with bitcoin without much learning just based upon the small variation profit similar to stock market can be earned.

i agree that cryptos are almost like stocks, actually people are interesting with learning and trading stocks but i think, to trading with stocks, we need big funds in our account and its really different than cryptos. we can trading with small budget and in cryptos and there is many option of cryptos that we can buy.

It would be the only reason is money. I dont know any one that will involved in stock or some other thing that is similar to it if it bot for money.
Money turn thing around and can be bought unfortunately with anyone and anything.

It would be if Bitcoin would scale. Which it doesn't. It's running at maximum capacity already and solutioms or stwps towards a solution are being denied by the community.

It would be if Bitcoin took privacy serious. Again, which it doesn't.

it should be in the future tbh imo

Whether this is going to be a popular app that applies bitcoin or pays bitcoin, mass adoption is going to be possible.

As most of the people are wanting to have an investment that is going to be possibly learn easily. And people are interested in stocks if you just don't know.

Bitcoin is simply money, don't worry about its popularity will vast in the near future.

Cryptos are way to volatile to function as money.And who tries to take advantage of volatility? Traders!And there are a lot out there.
In terms of mass adoption it is still way too early.And most alts won't make it.They will continue to exist as some kind of penny stock investment vehicle or just disappear.
Maybe a good hand full of decentralized cryptos will make the breakthrough as technology platform, currency and investment vehicle or object of speculation.

with the current block size and also with the current way price changes (the volatility) no.

when price is volatile this much, we will only see adoption by more speculators trading and riding the waves up and down to make more money, and will never see real adoption to see bitcoin be used in real life as currency.

and the block size and the limitations to number of transactions that bitcoin network can handle we can not expect a large amount of people using it (mass adoption) things are clogged as of these days enough without more people coming in.

well no, i don't think they are that akin, can stocks be used as a currency? no of course, bitcoin can and it is accepted widely, new generation need to adatp and it willr equire a very long time

you can even bet that this long tiem can be when the block reward is almost irrelevant, but then you have the known issue which need to be solved if you want all this

then what is the point of using bitcoin?!
using paper wallets (notes) or physical coin or anything like that means trusting a centralized place to print them honestly and that everyone trusts them. this sounds so similar to fiat (paper money printed by government) then we are better of using fiat then.

Casascius coins or paper wallets (notes) accomplish this.

I think that mass adoption is possible only if bitcoin becomes a more "offline" currency.
By "offline" i mean that you won`t always need electricity and internet in order to use bitcoins.
The purpose of bitcoin is to be a digital currency,so mass digital adoption is impossible,i guess.

I addressed these questions below:

Why bitcoin does not function as a store of value:

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand

and

Why bitcoin does not have value as a settlement layer:

https://steemit.com/bitcoin/@r0achtheunsavory/the-roach-report-vol-10-why-bitcoin-is-currently-a-roach-motel

The TLDR version is:  

A settlement layer has to compete with or beat gold as a store of value.  Bitcoin cannot accomplish that task so it has to do something else besides being a settlement layer or there is no point.  The only way possible for bitcoin to have any real use is with a lightning network-type solution that vastly increases load capability.  But even then since it doesn't function as a store of value, and the economy of scale forces centralization, I'm not sure what the value proposition will be in holding the coins - if there will be a value proposition or if it will just be like holding Paypal units.

This is all forward looking, long term, endgame analysis here.  Even though it doesn't appear to have a viable endgame without a LN, and questionable value even with one due to not functioning as a store of value and inevitable centralization - who knows, it could go up 10x before people figure that out.

And with 3 transactions per second and 7 billion people on earth, every person can make 1 transaction every 74 years.  You'd better plan ahead.

Maybe we should restrict it to just the 300 million people in the US.  If we do that, we can each make 1 transaction every 3 years.

bitcoin is different than stocks, you can't spend stocks or a portion of a stock (paying for coffee with $1 worth of stock) but you can do that with bitcoin.

and that is a big difference already in my opinion.

and as (mass) adoption goes, i believe we will see it someday or at least a version of it. certainly not every single person will use bitcoin but it can reach a level of adoption that you can at least see it in almost all of online shops and many offline ones.

As a transactional currency, it has no chance unless we can reach consensus on a scaling path.  3 transactions per second is a joke.

As an investment, all we need is for the SEC to get out of the way and allow ETFs and options on those ETFs.  That will give bitcoin the liquidity it needs to be taken seriously by the people who have enough capital to take us to the next order of magnitude.  It will also make bitcoin available as an investment vehicle to anyone with a brokerage account or self directed IRA.

The main reason? "Money".

They don't want to go to stocks because they can't afford it. If they have the money, they won't invest it because they think it is a gamble so they fear that they will loss their money. While others won't because they don't understand it. simple as that. Or they believe that stock markets is not the place to get rich. Some have other prioritize like homes, cars and their children's education before they are willing to go to invest into something.

That's why I've always thought it's going to take a popular App that uses Bitcoin to get more people using it.

Oooh...


Most people DO have interest in the stock market...learning it probably less so, but most people with money want to get involved in how to make money off their money.

Mass adoption is possible but we need to understand what "mass" means. Bitcoin available in most places, but perhaps not used by most people. Stocks are everywhere but not everyone buys them. Credit cards are everywhere but not everyone uses one. Paypal is everywhere but not everyone uses it.

There's adoption as a currency and adoption as an investment, the latter is easier but makes a much better endgame if the former is successful

Bitcoin as currency gives is it validation alongside other The key to greater adoption as currency is getting businesses to accept it for payment. The rest just falls into line.

That said, there's still an investment route adoption without currency but it requires more investment companies to recognize it - analysts talking about it as a commodity or an asset class.

Cryptos are almost like stocks and most people have no interest in learning stocks even though the stock exchange is trusted platform.

Thoughts?