This is how mass adoption looks like.

ubercool

hero member

Activity: 1078

Merit: 504

Three things comes to my mind when I see these type of discussions. Volatility, Fee structure, and the speed of tx.

Volatility is something not new to crypto users, we accept crypto thinking that eventually, the price will go up. The problem with this thought is that you need to have back up funds if the market gets into a correction and you have to buy more stock to run your business.

The Fee has to be put on the buyer, so unless it is less than 1-2% of the total transaction, most of the buyers will back out on paying through crypto.

The speed of the transaction is also an important factor as the tx has to be confirmed instantly or at least under a minute otherwise it will be harder for stores that have a crowd of customers.

I have seen stores accepting crypto, most of them prefer TRX, XRP, or LTC.

Also, we as a community have to start using crypto in transactions and not just hold them forever.. Roll Eyes

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Obito on February 08, 2021, 04:35:57 AM

Quote from: Distinctin on February 06, 2021, 08:54:19 AM

More ads, more market exposure bring Bitcoin into huge adoption. If I have Bitcoin and one store is accepting this, I don't bother myself to go far, converting my BTC to fiat just to buy stuff or anything, I surely stop down there.

We have this Bitcoin on the market for more than a decade, I think it was long enough to see its potentials and the store will consider accepting it. It really fits this time since most of us are wanting a cashless payment system.

The only problem I can see that this kind of store that accepts bitcoin is the prices are constantly and violently changing every minute. I do love the idea but we need the prices to stabilize in this one and I think that when that happens then maybe I can support it. I disagree with the store accepting cryptocurrency but don't get me wrong mass adoption is good thing, we have to be rational about the situation, price stabilization and then adoption.

It probably you can't expect price stabilization since the market price changes abruptly. Maybe we consider a stable price if we are using fiat but for this, you can't simply think about it.

We will be expecting more stores, establishments, and big companies are going to adopt crypto globally. That was more exciting to see and we can finally say that Bitcoin is the future currency that we've been discussed before, and we are coming near to that.

Obito

sr. member

Activity: 1274

Merit: 293

Quote from: Distinctin on February 06, 2021, 08:54:19 AM

More ads, more market exposure bring Bitcoin into huge adoption. If I have Bitcoin and one store is accepting this, I don't bother myself to go far, converting my BTC to fiat just to buy stuff or anything, I surely stop down there.

We have this Bitcoin on the market for more than a decade, I think it was long enough to see its potentials and the store will consider accepting it. It really fits this time since most of us are wanting a cashless payment system.

The only problem I can see that this kind of store that accepts bitcoin is the prices are constantly and violently changing every minute. I do love the idea but we need the prices to stabilize in this one and I think that when that happens then maybe I can support it. I disagree with the store accepting cryptocurrency but don't get me wrong mass adoption is good thing, we have to be rational about the situation, price stabilization and then adoption.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: bitmover on January 27, 2021, 03:12:31 PM

Mass adoption is not about banks, neither about instituional money.

This is mass adoption.
I just want to buy coal, eggs and chicken with bitcoin.

Sure we don’t need banks for mass adoption of Bitcoin, it’s something that is up to we as individuals, we can only do it by ourselves, we don’t need banks and Bitcoin was not created for banks , rather it was created for the people so that they manage their money by themselves without the help of banks. I look forward to seeing more of things like this, especially where I live, because it’s not really like this, it’s only traders and exchanges that you will see accepting Bitcoin or any cryptocurrency at all, you wouldn’t see shops where it is accepted.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

More ads, more market exposure bring Bitcoin into huge adoption. If I have Bitcoin and one store is accepting this, I don't bother myself to go far, converting my BTC to fiat just to buy stuff or anything, I surely stop down there.

We have this Bitcoin on the market for more than a decade, I think it was long enough to see its potentials and the store will consider accepting it. It really fits this time since most of us are wanting a cashless payment system.

Asuspawer09

sr. member

Activity: 1820

Merit: 436

Amazing I think this is what the future is gonna look like hopefully in every store wearer going to see this thing accepting cryptocurrency as a payment.

I have a similar topic like this one in the Pilipinas section, a collection of small businesses that are accepting cryptocurrency or bitcoin in my country. And it's really amazing to see people adapt in cryptocurrency started in accepting cryptocurrency as a payment method and how creative they were creating these ads in their shops.

Here's the link:
https://bitcointalksearch.org/topic/small-business-that-accept-bitcoin-or-cyptocurrency-here-in-ph-worth-it-ba-5249761

Quote from: Asuspawer09 on May 20, 2020, 01:20:02 AM

Quote from: dothebeats on September 27, 2019, 01:28:49 PM

Taskford

hero member

Activity: 2520

Merit: 783

Yeah indeed that is mass adoption but it will be quite funny when you transact using bitcoin and you see that the transaction fee is much more bigger compare to the goods you bought

provably you will collapsed when you see a x3 or 4 more bigger the amount.

But hopefully there will be an option to lower down the fee's since if this will occur and no solution for this issues maybe the usage of bitcoin will reduce.

pinggoki

sr. member

Activity: 1666

Merit: 426

This is the real mass adaption, we don't need to start it with the big ones or with the banks in which we don't need to start it already on adaptation by banks but instead let's start it on us by small business, if some local or small store offer to be paid their products by bitcoin or ethereum then let's try it by supporting and adapting the new digital currency. By just doing this we are slowly adapting and supporting the bitcoin and other cryptocurrencies as a payment method to the other stores.

acener

full member

Activity: 1274

Merit: 115

★Bitvest.io★ Play Plinko or Invest!

Quote from: bitmover on January 27, 2021, 03:12:31 PM

Somewhere in Brazil.
translated from portuguese:

Quote

We accept cryptocurrencies:
Bitcoin
Tron
Ethereum
XPCoin (soon)

Meat
Fish
Chicken
Mocoto (calf's foot jelly)
minced meat
buchada (typical low cost brazilian food)

water
gas
coal
ice
eggs

Mass adoption is not about banks, neither about instituional money.

This is mass adoption.
I just want to buy coal, eggs and chicken with bitcoin.

this is the way

Yes this is the kind of mass adoption that I really like to see where we could see more business accepting Bitcoin not just branded but also local stores.
Although Banks and institutional money are good for us we also want to see it being used as a currency where we could use it to pay or buy what we want using it not converting it into Fiat before paying.

acroman08

legendary

Activity: 2520

Merit: 1113

kudos to the owner. I remember a thread on our local board that features local small stores that accept bitcoin and altcoins. Small Business that accept bitcoin or cyptocurrency here in PH, worth it ba?

Quote from: bitmover on January 27, 2021, 03:12:31 PM

This is mass adoption.
I just want to buy coal, eggs and chicken with bitcoin.

this is the way

a lot of us wants this but with the current fees it's not worth it.

also, you forgot to translate bebidas. bebidas=drinks (according to google translate)

Nunoluck

full member

Activity: 452

Merit: 101

The developer of bitcoin and altcoin payment app should make more advertisement and innovation so small retail store like that in the world can adopt cryptocurrency sooner. And it will be good for tourist, it will be very practical for them to buy anything they need while traveling. It seems that the world is starting to adopt bitcoin little by little, now is better than few years ago when I first know about bitcoin, it was so hard to find place where I can spend my BTC. But now there are so many bitcoin related company that emerging, this is so good.

imstillthebest

full member

Activity: 1638

Merit: 122

this is heart warming and i feel touched because a small store like that knows how to appreciate crypto by adding it on their business but big and fine stores dont .
what they care of are the mainstream payment methods that everyone is using . they never gave crypto a chance . is mass adoption normally starts this way ? from small enteprenuers , i guess so .
if we are slow in the outside world , the adoption spreads faster in the online world

Alucard1

full member

Activity: 574

Merit: 125

This is a good start for that country and for the community of cryptocurrency to arise, a lot of countries are now accepting crypto so for sure this would be more in the future. A public building a good start for people to get curious to try cryptocurrency and try it. For sure there would also am an organization that may help many people understand it, that is the thing that may help someone understand the community.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: DarkDays on February 05, 2021, 05:41:38 PM

Quote from: bitmover on January 27, 2021, 03:12:31 PM

Somewhere in Brazil.

translated from portuguese:

Quote

We accept cryptocurrencies:
Bitcoin
Tron
Ethereum
XPCoin (soon)

Meat
Fish
Chicken
Mocoto (calf's foot jelly)
minced meat
buchada (typical low cost brazilian food)

water
gas
coal
ice
eggs

Mass adoption is not about banks, neither about instituional money.

This is mass adoption.
I just want to buy coal, eggs and chicken with bitcoin.

this is the way

This indeed is what mass adoption should look like. It seems that this district in Brazil gets it, and it is great as people will be able to spend their money without the help of central banks. I hope this becomes the main stream.

But before that step, I believe Bitcoin SHOULD first be stable and only because of stability can it be used as the default “unit of account” for merchants, and exchanges if they choose.

Because of Bitcoin’s volatile nature, maybe its stability can be attained if it is trading at higher prices. 6 digits? Cool

Latviand

full member

Activity: 1540

Merit: 219

This type of bitcoin's publicity is really essential for us to know how bitcoin can be adopted in many areas.

Especially in Africa, bitcoin adoption there is really outstanding. Bitcoin ATMs in their place are really implemented immediately and not most of the countries can do that. Also, this picture shows us how bitcoin can be adopted in many kind of businesses or investments.

We should wait for more adoption around the world because bitcoin do really have a lot of potential and it is already the best cryptocurrency to hold.

ene1980

hero member

Activity: 2002

Merit: 535

Quote from: bitmover on January 27, 2021, 03:12:31 PM

Mass adoption is not about banks, neither about instituional money.

This is mass adoption.
I just want to buy coal, eggs and chicken with bitcoin.

I would like to have an adoption like this globally where all the local stores starts accepting cryptocurrency and that is the real adoption. The users make the difference and the institutional money is all about making their profit and not to help the market in any way, yeah it might put eye balls and force people to invest thinking they could profit but adoption truly means everyone able to use them on a daily basis but the biggest problem is that we are yet to scale to reach those levels.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: bitmover on January 27, 2021, 03:12:31 PM

Somewhere in Brazil.

translated from portuguese:

Quote

We accept cryptocurrencies:
Bitcoin
Tron
Ethereum
XPCoin (soon)

Meat
Fish
Chicken
Mocoto (calf's foot jelly)
minced meat
buchada (typical low cost brazilian food)

water
gas
coal
ice
eggs

Mass adoption is not about banks, neither about instituional money.

This is mass adoption.
I just want to buy coal, eggs and chicken with bitcoin.

this is the way

This indeed is what mass adoption should look like. It seems that this district in Brazil gets it, and it is great as people will be able to spend their money without the help of central banks. I hope this becomes the main stream.

CryptopreneurBrainboss

legendary

Activity: 2450

Merit: 4295

eXch.cx - Automatic crypto Swap Exchange.

Quote from: bitbunnny on February 05, 2021, 04:35:35 PM

Alz, for mass adoption we would need regulation and some framework that would enable trust, different attitude of governments, central banks and regulatory agencies and we are still very far from that.

Don't think so instead total government regulation will kill all bitcoin has built over the years. Bitcoin core developers just have to work on the technology and improve it more. The reason why we're lacking mass adoption is as a result of the network not having the capacity of accommodation hundreds of users and not failing (high fee or low confirmation time).

Even the centralized crypto platforms like Binance and their likes can't couple with high volume of users than how is the industry expected to grow in utilities. The only aspect of the industry growing continuously is the price value which is why the industry is seen as more of a speculative assets than a currency.

Mass adoption is quite more than what's seen in the OP/Image. It should be seen as an advantage to accept bitcoin thereby bringing about competition and price reduction in goods or service using Bitcoin as payment options. The lack of this competition is why the current service providers are over charging.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: doctor877 on February 04, 2021, 04:17:24 PM

this is the kind of things we really want to see. if this dosent happen , then we are far from what we call adoption. untill bitcoin gets to the grassroot of every nation, adoption is still not achieved. when you can spend what you hold, its value will increase.

I can agree that we are still very far away from what we might call mass adoption. Let's be honest and admit that still very small number of people in the world in general population is using Bitcoin in any way. Or any other crypto. Maybe that doesn't seem so form the perspective of forum person but that is the real situation
Alz, for mass adoption we would need regulation and some framework that would enable trust, different attitude of governments, central banks and regulatory agencies and we are still very far from that.

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

Quote from: enhu on February 04, 2021, 01:25:16 PM

With the government involve I'm sure it's not going to be done easily when 3rd party payment method and CBDC also converting coins to digital fiat. What is being presented to us today is going to take part in what is coming in the future. There may be another 3rd party when it comes to buying items on grocery stores and another 3rd party when paying from wallet to bills.

When the government changes it will have a big impact. When FIAT becomes digital and is used as payment for all kinds of transactions for goods and services, it will certainly become competition for crypto. FIAT goes digital even if it looks faster and more efficient without fluctuating because FIAT has a fixed intention.
But actually even though FIAT has a digital form, crypto is only used as a more revolutionary alternative with the development of more sophisticated technology compared to FIAT. There will be many types of payment methods to choose from and can make all transactions easier.

Topic: This is how mass adoption looks like. (Read 646 times)