Topic: Thoughts about Bitcoin adoption - page 4. (Read 746 times)

It is obviously that it is very rare for those people to promote bitcoin under the television and it is because the government don't want it to do so it would be better if we will just do our own promotion in order for the masses to adapt the bitcoin with all their hearts and mind. It is so hard to guarantee that the government will be regulate bitcoin ownership because as like what you have been said, bitcoin is a detailed information of transaction do that the government don't want those kind of revealing so they are not agreeing about the bitcoin adaptation by the masses. But always remember that all of us can be a tool for the masses adapt the bitcoin by just simply introducing it to our family and loved ones.

some in my country often discuss bitcoin on television about technology news, I think maybe in other countries it may also often see on television, whether it's news broadcasts will usually discuss bitcoin and crypto currencies, I guarantee the government cannot regulate more about bitcoin ownership or cryptocurrency if the community adopts bitcoin extensively, mass promotions will certainly provide detailed information about bitcoin and crypto currencies, although not necessarily to outsiders in your neighborhood, everything can be started from your neighbors

Very well said. I think when it comes to mass promotion it is best if the crypto team will be the one who promote the cryptocurrency in a mass promotion and also they must introduce it through ads not only in social medias but also  in televisions. They should also give proposals to each and every country's government regarding the legalization of the cryptocurrency and they also have to explain to them the essentials, the advantages and the benefits that we can get by using it.

we do not know the great people behind the development of bitcoin can make more than LN to be another solution, discussing the issue of mass adoption, it is actually easy if all the people in this forum introduce bitcoin en masse or expand it will be great, because there is no mass adoption without mass promotion, this is my open mind because it would not be possible for bitcoin to be famous today without any mass promotion

Scalability has been a major problem and not just with Bitcoin actually. I am sure there are now other platforms that can handle well with big volume of transactions but the problem is that people are not flipping to their sides. With enough market and users, any platform will eventually be shrinking no matter how advanced or quality the things they are offering. With Bitcoin, there is no question that this is the most known and the most trusted, among its peers. However, just like anything man-made, there will always be challenges as we are all evolving. Hopefully, something concrete and acceptable can be done on the question of scalability with Bitcoin. And hopefully too, there would be more and more Bitcoin holders who can look at Bitcoin more like a form of a currency rather than something that should be held no matter what -- speculations! Bottom line is that Bitcoin is still young, so we have to give this platform more leeway for further growth and more space for people's adoption over time, nothing can be magic in here!

I think online shops are good enough to try Bitcoin right now. I personally use most of my Bitcoin for international transactions, to pay for my gaming subscription, cloud storage package, etc. It saves me a lot of time and there's no need to give personal details more than my name or address most of the time.

I don't mind waiting for 10-20 minutes to get 1 confirmation, or if I have to pay 10 sats per byte because it's clearly cheaper than regular debit transfer. As for on-site transactions, I personally never think about Bitcoin, and I doubt most users would feel 'oh I hope my veggies store next door accept bitcoin'. The demand is just not there, so I doubt merchants would believe it's an urgent matter. Especially with the rise of digital fiat money.

Is the Lightning Network the only solution? Is it even a realistic solution?

So how about accepting that a person paid the moment after this person hit the 'send' button on the screen or something like that? What are the odds of a transaction not getting through eventually (if a person paid a normal transaction fee, of course) and being returned back to the sender's wallet? Is that happening that often that shops would not be able to take those risks?

I think that if we talk about mass adoption, it should mean that Bitcoin is largely recognized as a payment method. So I'm talking about the reality where you don't have to look for specific stores to use Bitcoin but can go to your regular ones and use Bitcoin to pay for groceries. I know, scalability. It's indeed a serious problem. Is the Lightning Network the only solution? Is it even a realistic solution?
Here's what I thought about to address the issue of transactions getting confirmed slowly. How about not waiting for them to get confirmed? When a person uses a debit card to pay for food, it's not like the transaction actually get's processed and the money is sent right away to the store. No, this process takes about a day or two, I've learned that about half a year ago when there was a mistake with a transaction. The money is blocked by your bank, and you don't see it anymore, but it's actually still there. So how about accepting that a person paid the moment after this person hit the 'send' button on the screen or something like that? What are the odds of a transaction not getting through eventually (if a person paid a normal transaction fee, of course) and being returned back to the sender's wallet? Is that happening that often that shops would not be able to take those risks?
Now, I realize it won't solve all of the problems, because if there are too many transactions that are being put through like that, the number of unconfirmed transactions will be building up. However, I think it could be a solution for a less significant adoption step or as a temporary measure. What do you think about all that?