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Topic: This is how mass adoption looks like. - page 2. (Read 646 times)

legendary
Activity: 1918
Merit: 3047
LE ☮︎ Halving es la purga
February 04, 2021, 10:18:30 PM
#45
I will be punctual with the OP, there is no anonymity in that case but there is trust, so if you are not trusted on the buyer you must wait 10 or more minutes to withdraw your order, for trusted buyer He does not need to wait for any confirmation from the Bitcoin network, he has the trust of the business owner.

The true adoption we need is from ordinary people, but it lacks confidence not only between individuals also with bitcoin, in understanding that it works that it is a feasible monetary reality.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
February 04, 2021, 08:04:19 PM
#44
We didn't see that bitcoin will come this far, I'm so proud that I knew bitcoin since 2017.

These small businesses who adopted bitcoin will surely grow in the near future, imagine if bitcoin started from scratch then probably small investors who also have nothing will surely grow. Mass adoption is really something else and it can really help each and everyone who trust on its potential to be the best asset.

hero member
Activity: 2184
Merit: 531
February 04, 2021, 07:12:15 PM
#43
This is exactly how adoption looks like. If that guy had a store near my place I'd drop in for groceries and a little chat.
A bitcoiner will always find something to talk about with another bitcoiner.

Hoping they will disregard XRP  Cheesy (kidding).

Why are you kidding? It's a serious matter. Centralized shitcoins should die. Tongue
full member
Activity: 1736
Merit: 116
February 04, 2021, 06:54:04 PM
#42
There are many ways of mass adoption of Bitcoin, but the most effective mass adoption so that the general public can immediately get to know
Bitcoin by increasing the number of offline stores that accept Bitcoin payments. That way many people will be curious about Bitcoin and for sure
new investors will continue to emerge. Indeed, there are many obstacles faced by applying Bitcoin as payment, but if we don't try to run it first
we will never know what the result will be.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
February 04, 2021, 05:58:00 PM
#41
Indeed, this but on a global or at least a larger scale, where we could see this in malls, hospitals, even schools and all. Plus there should be a place for bitcoin or cryptocurrency in the curriculum so students get to be acquainted with bitcoin as early as highschool, in that way they can partake in bitcoin investmetn as early as possible.
full member
Activity: 896
Merit: 115
February 04, 2021, 04:17:24 PM
#40
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.
legendary
Activity: 2492
Merit: 1018
February 04, 2021, 01:25:16 PM
#39
I agree, mass adoption is something more useful and open for everyone. Everyone can buy in the market or everywhere just using digital currency. But that will only going to happen if government acknowledge the digital currency and accept it as a part of the financial system.
Some governments in the world have their own regulations and of course they will not be the same. For example, in my country in Indonesia, Bitcoin is only allowed as commodity trading and cannot be used as a means of payment because it is prohibited. Mass adoption will indeed provide benefits and provide more payment options, but the high voting has made several government governments disagree with it and further research is still being carried out.
Cryptocurrency and blockchain are becoming revolutionary future technologies that will change the way of transacting in new ways, but all require a process. Mass adoption cannot be done that easily, there is still some research to be done first.

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.
legendary
Activity: 2716
Merit: 1855
Rollbit.com | #1 Solana Casino
February 04, 2021, 01:10:24 PM
#38
I agree, mass adoption is something more useful and open for everyone. Everyone can buy in the market or everywhere just using digital currency. But that will only going to happen if government acknowledge the digital currency and accept it as a part of the financial system.
Some governments in the world have their own regulations and of course they will not be the same. For example, in my country in Indonesia, Bitcoin is only allowed as commodity trading and cannot be used as a means of payment because it is prohibited. Mass adoption will indeed provide benefits and provide more payment options, but the high voting has made several government governments disagree with it and further research is still being carried out.
Cryptocurrency and blockchain are becoming revolutionary future technologies that will change the way of transacting in new ways, but all require a process. Mass adoption cannot be done that easily, there is still some research to be done first.
sr. member
Activity: 2268
Merit: 275
January 30, 2021, 10:45:11 AM
#37
since 2018, I dream of owning an accessories store using bitcoin payments. although until now this has not been achieved due to the lack of bitcoin users in my place, it is even very difficult to find those who actually own bitcoin. maybe you can count the number, about 10 people in my city who are really active bitcoin users. even here only my brother and I are involved in cryptocurrency and we still survive.
hero member
Activity: 1204
Merit: 545
January 30, 2021, 10:16:56 AM
#36
Totally agree with your opinion. There is no false in your statement. We do not need banks or any institution to accept bitcoin in order to start a mass adoption. Few businesses implement bitcoin in their system will start a big revolution. However, it is hard to do this in my country since government's legislation do not accept bitcoin in any kind of payment

Brazil is absolutely a heaven to crypto lover. Love those banners
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
January 30, 2021, 10:16:51 AM
#35
We can't use bitcoin for mass adoption when there's no 3rd party application, simply because transaction fee is high and confirmation takes too long.

What we need is instant confirmation as people buying products does not want to waste their time waiting.
Why people are adopting in bitcoin or crypto for massive adoption is not because of its technology that is decentralized, because they are looking for a more convenient way and cheaper way of payment, and that is not present yet on crypto.
That is totally true. And I really think there aren't any crypto customers on a shop like that. Most people on these areas aren't crypto adopters and are informal workers, receiving their payments in cash. They won't deposit it at a bank, send the money to a third party service and convert it to bitcoin through an exchange to send btcs to the shop just to buy a cooking gas, wasting a lot of money in different fees from the beginning to the end of the process.

If citizens were receiving their wages in crypto currency, then it would be another story...
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
January 30, 2021, 10:13:18 AM
#34
We can't use bitcoin for mass adoption when there's no 3rd party application, simply because transaction fee is high and confirmation takes too long.

What we need is instant confirmation as people buying products does not want to waste their time waiting.
Why people are adopting in bitcoin or crypto for massive adoption is not because of its technology that is decentralized, because they are looking for a more convenient way and cheaper way of payment, and that is not present yet on crypto.

Businesses can implement Lightning Network. This way transactions are made in an instant and the fees are insignificant.
If you ask me it is quite convenient to pay in fiat as it is. I mean you just need to approach your card or your phone to the PoS and you're done. That's as straight-forward as it can get if you ask me.

The only thing that annoys me is that we need to trust a third-party entity to hold our money and facilitate payments. So for me, decentralization is the main selling point of Bitcoin in terms of making day-to-day payments.
'coz that' s how regulation works in the first place, in contrast with decentralisation which is in nature of Bitcoin and most of the cryptos. In order to alter its nature, there would be a manipulation, which is in this case, regulation through third party networks. But regarding adoption, this technology is still questionable to countries still, not being certain of the actual reason but we just cannot force things. Let us be glad that this could be a huge step towards real adoption, wherein in such way, more people will be able to build trust accepting this kind of currency.
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
January 30, 2021, 09:56:17 AM
#33
We can't use bitcoin for mass adoption when there's no 3rd party application, simply because transaction fee is high and confirmation takes too long.

What we need is instant confirmation as people buying products does not want to waste their time waiting.
Why people are adopting in bitcoin or crypto for massive adoption is not because of its technology that is decentralized, because they are looking for a more convenient way and cheaper way of payment, and that is not present yet on crypto.

Businesses can implement Lightning Network. This way transactions are made in an instant and the fees are insignificant.
If you ask me it is quite convenient to pay in fiat as it is. I mean you just need to approach your card or your phone to the PoS and you're done. That's as straight-forward as it can get if you ask me.

The only thing that annoys me is that we need to trust a third-party entity to hold our money and facilitate payments. So for me, decentralization is the main selling point of Bitcoin in terms of making day-to-day payments.
sr. member
Activity: 1876
Merit: 318
January 28, 2021, 06:42:15 PM
#32
I agree that the real mass adoption is with the many offline stores that accept Bitcoin and altcoins payments. As in the picture in the opening post,
I want to happen in my country, where I can buy daily necessities with Bitcoin. Even though it is very difficult it can happen in my country, because
right now my country's prohibits using Bitcoin as a means of payment. But I believe my country's rules regarding Bitcoin will change, if Bitcoin
becomes more popular and many countries start legalizing Bitcoin. For now I really have to be patient, because I can only use Bitcoin as a digital asset.
hero member
Activity: 3010
Merit: 666
January 28, 2021, 06:30:49 PM
#31
We can't use bitcoin for mass adoption when there's no 3rd party application, simply because transaction fee is high and confirmation takes too long.

What we need is instant confirmation as people buying products does not want to waste their time waiting.
Why people are adopting in bitcoin or crypto for massive adoption is not because of its technology that is decentralized, because they are looking for a more convenient way and cheaper way of payment, and that is not present yet on crypto.
sr. member
Activity: 1918
Merit: 370
January 28, 2021, 06:22:36 PM
#30
A great startup, this is what adoption is anyway amd should be. So seeing this honestly puts a smile on my face. The problem with the public's current views on how adoption works is that they forgot the usability department. They're all for everyone should have it and stuff like that but what really matters is that it's readily available and usable so the common joe can get into it as easy as entering a mall, not as hard as crossing the border.
Now this is the kind of posts I want to see on this forum. Looks kinda unreal, you sure it isn't photoshopped?

I don't think I would spend my Bitcoin there if other places accept fiat. I mean it is obvious. As long as I get paid in fiat, there is no reason for me to spend BTC which appreciates in value at an average of 200%/year. Fiat on the other hand loses its value the more you keep it in your bank account.

This is the problem about Bitcoin adoption. As long as fiat exists in the current inflationary form and salaries are paid in fiat, the wise choice for people is to spend the dollars first.
Pretty sure it isn't. Well, in order to inspire adoption we have to show people how convenient it is to use bitcoins over fiat, that includes using it for purchases over fiat currency which definitely is a tad bit expensive but if you're all for bitcoin's global adoption, then it should outweigh the prjce.
member
Activity: 1358
Merit: 81
January 28, 2021, 06:09:26 PM
#29
It is a good initiative for small businesses that accept bitcoin and cryptocurrencies in Brazil or anywhere in the world.

I did a tour of my city if any supermarket wanted to accept bitcoin and they did not accept that was a year ago before the pandemic. The impression I received was that the owners did not have any knowledge of how to handle bitcoin. I live in the south of the country and technological advances are not so good.

Following the topic of OP I have done a little search and found the following article published on December 21, 2018.

https://news.bitcoin.com/brazilian-supermarket-chain-now-accepts-payment-in-bitcoin/

It is not easy to find related information. It would be ideal for any developer to build an app that locates businesses that accept bitcoin and cryptocurrencies around the world. It could be a good invention of interest for users of cryptocurrencies.
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
January 28, 2021, 02:32:44 PM
#28
Now this is the kind of posts I want to see on this forum. Looks kinda unreal, you sure it isn't photoshopped?

I don't think I would spend my Bitcoin there if other places accept fiat. I mean it is obvious. As long as I get paid in fiat, there is no reason for me to spend BTC which appreciates in value at an average of 200%/year. Fiat on the other hand loses its value the more you keep it in your bank account.

This is the problem about Bitcoin adoption. As long as fiat exists in the current inflationary form and salaries are paid in fiat, the wise choice for people is to spend the dollars first.
legendary
Activity: 1176
Merit: 1005
Decentralized Asset Management Platform
January 28, 2021, 02:23:32 PM
#27
Looks cool Smiley

I wouldn't use Bitcoin, but Tron is entirely acceptable because of fees and speed. And I would have a separate wallet for small purchases as I don't want anybody to welcome me on a gunpoint for the rest of my coins.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
January 28, 2021, 02:20:44 PM
#26
In here you can recharge your mobile with Bitcoin. I've seen in my area some local stores provide Bitcoin QR codes for mobile recharge, you can easily send Bitcoin by scanning the QR code. although they use Custodial p2p service for Bitcoin transactions as it avoids paying extra fees and becomes an instant transaction. Such initiatives are very effective for Bitcoin adoption and promotion.
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