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Topic: What can we do to speed up Bitcoin mass adoption? (Read 1523 times)

jr. member
Activity: 1330
Merit: 7
In order to speed up the adoption of Bitcoin globally, IMO, the two major concerns are:(1) Education or Enlightenment, (2) Reducing poverty. These are two major areas that can quickly help to speed up the adoption of Bitcoin. The two have to be there to speed up adoption. People may have the money but may not have understood how Bitcoin works, or People may understand how it works, but no money to trade or even acquire transaction gadgets like smartphones, laptops, etc. I think these two areas are very major of which if critically tackled, could help to speed up the adoption of Bitcoin.
sr. member
Activity: 2660
Merit: 339
I believe that there are some that will not want to agree. Bitcoin can definitely exist without Government support as we have even seen over the years in most regions but once we start to look at Global adoption then I too believe the Government is important on that note. Look at what happened today with the sharp drop in Bitcoins price because of the talk about SEC's investigation into Binance and possibly the upcoming Crypto bill set to be introduced tomorrow. So we can see that the Government still has their influence on crypto generally so their backing for Bitcoin mass adoption. 
This is true that we need to actually have some sort of government support in order to keep it going with a high adoption rate. This is why we should not be really refraining to the point that we dislike government intervention. If we do that then we are not going to end up with any support at all and then all the crypto adoption would have to be on the behind the closed doors type.

So, in order to make this work, we need to pressure the politicians we elect to vote for crypto to be legal and also not have any high regulations neither, make it relaxed and taxed very little so that everyone would be able to invest into crypto without fear.
sr. member
Activity: 2604
Merit: 338
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The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

If Government is not in  support of bitcoin it can affect bitcoin, especially how to spend bitcoin. It will be rare for people to accept bitcoin as payment to buy somethings , maybe only those who are bitcoin lovers will accept bitcoin for payment. When government is not in support of bitcoin, bitcoin will be used just for investment mostly.
Bitcoin is a decentralized currency which government has being opposing the development of bitcoin starting from the time it was developed and introduce or launched. The support bitcoin had today is not from the government but the individual's who values the currency and decide that the currency will exist and last. But most of us don't understand it that way that bitcoin till now it's not under the development or control of any country government. The investment of bitcoin is from people who cares for the development and who values it without much doubt
They would really be opposing on what things that they cant control thats why its not surprising that they would really be having those kind of false ads or sentiments which would really be affecting bitcoin reputation

or in overall crypto space where those people who do have zero knowledge will definitely be ending up on having bad impressions about it.Getting faster in terms of adoption is something that shouldnt be hurried up.

Let the community grow because forcing will really be having no effect because people would be having their own perceptions and mindset or treatment towards it.
sr. member
Activity: 1330
Merit: 289
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

If Government is not in  support of bitcoin it can affect bitcoin, especially how to spend bitcoin. It will be rare for people to accept bitcoin as payment to buy somethings , maybe only those who are bitcoin lovers will accept bitcoin for payment. When government is not in support of bitcoin, bitcoin will be used just for investment mostly.
Bitcoin is a decentralized currency which government has being opposing the development of bitcoin starting from the time it was developed and introduce or launched. The support bitcoin had today is not from the government but the individual's who values the currency and decide that the currency will exist and last. But most of us don't understand it that way that bitcoin till now it's not under the development or control of any country government. The investment of bitcoin is from people who cares for the development and who values it without much doubt
legendary
Activity: 2422
Merit: 1140
duelbits.com
If Government is not in  support of bitcoin it can affect bitcoin, especially how to spend bitcoin. It will be rare for people to accept bitcoin as payment to buy somethings , maybe only those who are bitcoin lovers will accept bitcoin for payment. When government is not in support of bitcoin, bitcoin will be used just for investment mostly.
It happens in my country. You even cannot use Bitcoin for payment purposes at all. No one braves enough to accept Bitcoin because the laws don't allow it. If you try to pay for any goods or services with Bitcoin, you may be in trouble with the laws. In this situation, Bitcoin adoption for payment purposes is deadlocked (no way to try). The only way to use Bitcoin is for a digital asset, it is allowed. According to this situation, sure it is very clear that the government has a crucial role to speed up Bitcoin adoption.

hero member
Activity: 1050
Merit: 592
God is great
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

If Government is not in  support of bitcoin it can affect bitcoin, especially how to spend bitcoin. It will be rare for people to accept bitcoin as payment to buy somethings , maybe only those who are bitcoin lovers will accept bitcoin for payment. When government is not in support of bitcoin, bitcoin will be used just for investment mostly.
legendary
Activity: 1792
Merit: 1296
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Quote
What can we do to speed up Bitcoin mass adoption?

In my country bitcoin is regulated by the Central Bank and not ban. To an extent, this is a good thing. If I were a public figure, I would lobby political leaders. But since I am not here's what I have been doing to speed up mass adoption at the grassroot:
1) I started the first Bitcoin Book Club in my City with concrete plans for the future.
2) I am working on translating bitcoin materials and resources to local languages in my country for offline and online distribution.
3) I am going to run cutting-edge grassroots campaigns with friends and other bitcoin enthusiasts.
What you are doing is commendable. You know this very well without me.

I support your initiatives, because this is also important for mass adoption: you are preparing the basis for this. No dissemination of bitcoin is possible unless people are aware of its existence, benefits and principles. The media give superficial and highly distorted information about bitcoin, so need to convey to people only the full truth about it. Only after that it will be possible to talk about mass adoption. Not immediately, but after a while, thanks to the opportunities and advantages, people themselves will gradually begin to contribute to bitcoin dissemination. In general, I believe that mass adoption lies in the hands of the people themselves and only they themselves can influence this without expecting that someone else will do it for them.
hero member
Activity: 1344
Merit: 565
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.
Unfortunately without backing from any government of any country, it’ll be hard to legalize bitcoin and provide a massive adoption. For example are countries where they’re government has already banned bitcoin and cryptocurrency on their country. In this situation, the citizen or people has now limited actions to do towards bitcoin or crypto.
As of now, as regular citizens, our duty if we would like to contribute with bitcoin and crypto adoption is to provide and expand knowledge to those who are not literate with cryptocurrency. In that way, more and more people will be able to acknowledge cryptocurrency on their daily transactions. However, for me, government acknowledgement must be the key to a much more wider adoption.
You are right in my opinion and I believe that there are some that will not want to agree. Bitcoin can definitely exist without Government support as we have even seen over the years in most regions but once we start to look at Global adoption then I too believe the Government is important on that note. Look at what happened today with the sharp drop in Bitcoins price because of the talk about SEC's investigation into Binance and possibly the upcoming Crypto bill set to be introduced tomorrow. So we can see that the Government still has their influence on crypto generally so their backing for Bitcoin mass adoption. 

legendary
Activity: 2422
Merit: 1140
duelbits.com
One of the things to be done to speed up the adoption of bitcoin is to accept bitcoin as payment and also to make payment with bitcoin. But if the government should adopt bitcoin as a currency it will speed the adoption of bitcoin.the role which the government will play will make it faster than individuals.
Sure, if the government allows Bitcoin to be a payment tool, it can speed up BTC adoption in a country. But many governments don't allow BTC for payment purposes, they only legalize it as a digital investment. This happens in my country, it is illegal to pay anything with BTC. So, how can we expect to speed up in this way? For now, we only can try to make people more familiar with BTC and ensure the government that BTC has many advantages to use. If BTC has a good reputation, we expect someday our government considers it as a legal payment tool. That's all we can do now!!

hero member
Activity: 1120
Merit: 887
Livecasino.io
Quote
What can we do to speed up Bitcoin mass adoption?

In my country bitcoin is regulated by the Central Bank and not ban. To an extent, this is a good thing. If I were a public figure, I would lobby political leaders. But since I am not here's what I have been doing to speed up mass adoption at the grassroot:
1) I started the first Bitcoin Book Club in my City with concrete plans for the future.
2) I am working on translating bitcoin materials and resources to local languages in my country for offline and online distribution.
3) I am going to run cutting-edge grassroots campaigns with friends and other bitcoin enthusiasts.
hero member
Activity: 2688
Merit: 588
The first option, I think it's a difficult thing for some of us to do because it might collide with government regulations that exist in some countries, for example in my country, the use of bitcoin is regulated only as an investment asset, whereas if I try to use it as a means of payment or receive payments from consumers then the license of my service or shop will be revoked and I get a penalty or fine from the government.

While for Option number 2, I agree with you because it is the easiest thing we can do to introduce bitcoin to our relatives and people, maybe by educating the people closest to us about the benefits of using bitcoin then we have a hand in accelerating bitcoin adoption , because in my opinion, with the right education to people, of course bitcoin information will spread more because the information chain continues to intertwine between humans.
Before we do the first option let us first check the status of bitcoin in our country if it's legal as a currency use. If not then we shouldn't made the idea public but we can still secretly accept bitcoin to our customers.

I heard many posts in regards to this where they approach the owner if they accept btc and use it instead of cash even if it wasn't displayed on the store that they accept btc payments because it was not legal in their country. Option two is straight to the point but it is also risky, I mean they can ignore btc right after away if we include the cons or the disadvantage of it upon encouraging them to join btc but it is also better to be honest so that we shouldn't be blamed later on.
member
Activity: 798
Merit: 34
One of the things to be done to speed up the adoption of bitcoin is to accept bitcoin as payment and also to make payment with bitcoin. But if the government should adopt bitcoin as a currency it will speed the adoption of bitcoin.the role which the government will play will make it faster than individuals.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
The government plays a huge role in the successful adoption of bitcoin. If the government is against it in the first place, it will be impossible for it to be legalized. Which could result to little transactions to be done because it isn't acknowledged.

Some people have very little to no knowledge about bitcoin. If it won't be spread out, the possibility of having an adoption would be slim since the government also takes into consideration the demands of the citizen. If we would and could take part into spreading awareness and knowledge, it will be great and would be beneficial to the community.
Not legalized and there's still a little transactions? How come? If something is banned on a country then there must be no activities on going because if someone still insists it then they will be in great danger. I don't think that someone can afford to risk their lives only because of btc.

If someone has a little or no knowledge at all when it comes to bitcoin then no worries because we can always teach them to become more better at it or to finally have an idea about it. That is easy but the hardest part is about the governments. We cant almost do anything if they decided to banned btc on our country. We are too small for our voice to be heard out.
hero member
Activity: 812
Merit: 560
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

the roles lies in our hands and not the government, moreover who are the government? can they out number the whole population of the citizens the make use of bitcoin for payment and transactions?  we need to confide adequate trust in ourselves first, in what we do there must be a transparent features so as not to create a second thought of approach to bitcoin by the the populace, we bitcoiners are the iimage and full representation of what bitcoin is and we can't have what we can't give, that's the reality about life, Satoshi has tried from his own end and its over to us to maintain the legacy.
hero member
Activity: 1960
Merit: 537
Leading Crypto Sports Betting & Casino Platform
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.
Unfortunately without backing from any government of any country, it’ll be hard to legalize bitcoin and provide a massive adoption. For example are countries where they’re government has already banned bitcoin and cryptocurrency on their country. In this situation, the citizen or people has now limited actions to do towards bitcoin or crypto.
As of now, as regular citizens, our duty if we would like to contribute with bitcoin and crypto adoption is to provide and expand knowledge to those who are not literate with cryptocurrency. In that way, more and more people will be able to acknowledge cryptocurrency on their daily transactions. However, for me, government acknowledgement must be the key to a much more wider adoption.

Right, we live in a government controlled world. It will be very difficult to succeed in making bitcoin widely accepted without the help of the government. Just a ban or public government against bitcoin and people will turn away from bitcoin because they all realize that going against the government is a bad thing and not in their favor at all. We can propagate and teach people about bitcoin, but for bitcoin to really get mass adoption, we need help from the government.
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
it may not be easy and may need total effort but at least  we will see result in goodness and that is we must spread the message of bitcoin to the world  , we all have our social media accounts in which we can use for spreading .
and our friends and family that will extend the spread to their own sets of friends and family's .
why not try extending efforts? this is the problem with most of us that seeking for mass adoption but not doing their contribution in spreading.
I agree, and what we have to do is self-awareness or initiative to spread and understand bitcoin to the closest people, family and also everyone who we think can accept it well.
but it can't be denied that actually a lot of bitcoin or other crypto users without us knowing and they do it themselves because I have found several times they accidentally get involved with bitcoin, and I think sooner or later everyone realizes it and those who haven't because of them do not understand the good use of bitcoin and the difficult problem is only the government they doubt and also fear.
My family and friends are familiar with bitcoin, including my brother who has been in bitcoin investment since my introduction. They have understood the bitcoin that I adopted closely and of course they accepted it well after my explanation about bitcoin.

Indeed, they already know it themselves because television has now reported a lot about bitcoin when it goes up or down, of course they will know and learn on their own, so what they do with their own judgment is because bitcoin is really useful for the future, but the government is happy for now it still accepts bitcoin.
full member
Activity: 1134
Merit: 140
I know I sound like I keep repeating myself, but if you read up from the past, you know that the adoption of mobile payments is the way to go. We have a ton of exchanges, the most commonly known are binance, coinbase and crypto.com websites. Instead of having like debit cards or anything, just have mobile phone apps that you could pay from, like read a QR code to pay type of stuff.

This may not be common in the world right now, but I guarantee you 100% that we will no longer have POS machines in the future, all banks will move towards shops having tablets with bank app and qr code to get paid, and people will pay via mobile phones with bank app by reading the qr code, get in there as an exchange and help people pay with their exchange app instead of bank app and you will get adopted rapidly.
Why do you think you are repeating? Have you said these words before? But, I think it was fine since not all people can read your reply and this was my first time to read this but moving on, the mobile payments your talking about is I think not an old thing but it was new and it only got popular by the time covid started because people are advised to stay inside.

It will be hard for them to transact the traditional way, that is why people don't have a choice but to learn those mobile payments even if they are not comfortable with it. It was worth it since they are now used to this and now love it more than the offline transactions. I agree, no need for pos because they are not friendly to the environment as they use paper.
sr. member
Activity: 2366
Merit: 448
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it may not be easy and may need total effort but at least  we will see result in goodness and that is we must spread the message of bitcoin to the world  , we all have our social media accounts in which we can use for spreading .
and our friends and family that will extend the spread to their own sets of friends and family's .
why not try extending efforts? this is the problem with most of us that seeking for mass adoption but not doing their contribution in spreading.
I agree, and what we have to do is self-awareness or initiative to spread and understand bitcoin to the closest people, family and also everyone who we think can accept it well.
but it can't be denied that actually a lot of bitcoin or other crypto users without us knowing and they do it themselves because I have found several times they accidentally get involved with bitcoin, and I think sooner or later everyone realizes it and those who haven't because of them do not understand the good use of bitcoin and the difficult problem is only the government they doubt and also fear.
sr. member
Activity: 1694
Merit: 268
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Here are few things you can do to speed up bitcoin adoption:

1) If you sell some service or product, you should also start accepting bitcoins as payment in addition to other payment options. This will encourage people to use bitcoins.

2) You should discuss with your friends about the benefits and limitations of bitcoins. Once they are completely aware about the pros and cons of bitcoins, they can make proper decision regarding using bitcoins.
The first option, I think it's a difficult thing for some of us to do because it might collide with government regulations that exist in some countries, for example in my country, the use of bitcoin is regulated only as an investment asset, whereas if I try to use it as a means of payment or receive payments from consumers then the license of my service or shop will be revoked and I get a penalty or fine from the government.

While for Option number 2, I agree with you because it is the easiest thing we can do to introduce bitcoin to our relatives and people, maybe by educating the people closest to us about the benefits of using bitcoin then we have a hand in accelerating bitcoin adoption , because in my opinion, with the right education to people, of course bitcoin information will spread more because the information chain continues to intertwine between humans.
full member
Activity: 1442
Merit: 108
Here are few things you can do to speed up bitcoin adoption:

1) If you sell some service or product, you should also start accepting bitcoins as payment in addition to other payment options. This will encourage people to use bitcoins.

2) You should discuss with your friends about the benefits and limitations of bitcoins. Once they are completely aware about the pros and cons of bitcoins, they can make proper decision regarding using bitcoins.
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