Topic: What can we do to speed up Bitcoin mass adoption? - page 2. (Read 1524 times)

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.

This is true. 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.

Yes and we know that support isnt something that we could easily see on any place where government does really always have that negative stance towards bitcoin or crypto as a whole
which it isnt surprising that they would really make out some counter measures in related on neither blocking it or making such regulation that would really be that strict towards their
crypto users citizen who do live in the country but at least with having these news and fundamentals which it  could really create that kind of buzz or noise which would
be considerable on adding up some exposure in the market.

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.

The battle and quest for bitcoin adoption is not a simple thing I must confess. See, when you are trying to market bitcoin to the people, there must be group of people somewhere teaching opposite what you are teaching. Trying to defame bitcoin. So you work will not only be to make them understand the true nature of bitcoin, but you will first have to unlearn them. Which is always a difficult job. So my prayer is that bitcoin continue to last and people will come embrace bitcoin willingly.
It bearly a decade bitcoin appeared but it has made major impact in the world.

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.

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.

The role of the government in my opinion is very important, whatever we do if the country is still banned bitcoin will certainly fail, the thing we can and easily do is invite friends or family for investment bitcoin, if the user continues to increase then many companies will automatically make applications so that bitcoin easy to use.

If we all started to use debit cards filled with bitcoins and start using it everywhere and create a viral social media movement out of it, then we could increase it a lot? I mean social media has done a lot more for stuff that are a lot less, why would we worry about the current situation right now as impossible? Just go on all social media, instagram, mainly reels, twitter, tiktok and what have you and start using bitcoin debit cards everywhere you go with some hippy and trendy hashtag and you got yourself a massive adoption, places will start to accept bitcoin by the bulk just to be part of that trend and get paid while doing it.

I agree with you in many points of your text, and indeed, that is something that could be done by bitcoin enthusiasts on their businesses to spread adoption. Actually, it would be great if businesses daily demanded by the masses used the strategy of discounts when paying with bitcoin, you mentioned above. Imagine a big supermarket doing this. The impact would be huge and at least 50% of customers would start using bitcoin immediately!

Regards it, for now there is nothing the government can do in most countries, because there isn't a legislation over bitcoin and cryptocurrencies in general yet. It's gray area and people can't be forbidden using it for payments. However, by the end of this or next year there must be a new set of laws coming into action to regulate this market (in my country).

Once it happens, then I really don't know how harmful it's going to be for big businesses to adopt bitcoin. For the small ones it doesn't make much difference, because they are below the radar and can deal with their customers informally.

Those of your point is what makes bitcoin to be widespread. Bitcoin is already adopted in most of the high countries. So what is we are looking at is the local adoption of bitcoin from uncivilized countries were information of any thing will be difficult before reaching to the people staying or living in locals and interior part of the country. The acceptance of bitcoin is now dominating some digital currencies that is the platform before bitcoin. Since we are talking of the way bitcoin can be speculated and get adopted, the way forward is through social media and testimony of what bitcoin has done in our lives with that people will welcome bitcoin

in my opinion, for bitcoin to have mass adoption, this is something that happens naturally, it is enough for each person to keep telling his relative, his friend and his neighbor about the existence of bitcoin and then each person needs to convince the regulators , economists and politicians in your countries about the benefits of bitcoin and when politicians put good laws on bitcoin then we will start seeing mass adoption, of course we currently have mass adoption, but the current problem is that bitcoin is not growing in terms of legalization, it's been years and every year that passes I don't see more than 1 country saying they legalized bitcoin, that is, we have a mass option that consists of having many trades and investors who are doing hodl, but not we have many countries that have legalized bitcoin, so we don't see many countries paying salaries in bitcoin or allowing people to pay water and electricity bills with bitcoin


I think this could be included in some economics course in college maybe on how to make some risky but smart investment, but for that it would be necessary for bitcoin to be legalized in such a country

We all need to think a little update to speed up the mass adoption of Bitcoin.If we can talk about this on various media channels on YouTube and record videos, then one day people will fall in love with Bitcoin.And if we decide to talk a bit about Bitcoin as an optional subject in school and college, the mass acceptance of Bitcoin can be increased.

Although the World Bank and the IMF reject bitcoin as a currency of money, they cannot prohibit a country's right to determine its official means of payment. Including bitcoin officially used by El salvador for payment. They can only give punishments that come from the IMF or the world bank. So at least the development of Bitcoin has been so fast, and it will continue to grow the countries the world has known it. It remains only how later they will take, because the decisions in government are made by the state. The most important thing is not to make bitcoin's image bad.

It could never able to replace the traditional currency system that we do have considering that it had been existed for ages or since from the beginning but doesnt mean that crypto wont be that relevant.

Speaking about speeding up mass adoption then just let the process or things do come normally because we do know that each country does have different stance or impressions towards bitcoin or crypto as a whole.

For now the best thing to be done at least is to spread up into some friends or some people about its existence but it depends because there are some who doesnt really care.

You said is still far, but the lines of your statement wasn't completed, yes you are right but out of fear you snub what you had in mind to give as personal reasons. Bitcoin dominating the currency used by people before bitcoin being know, it is not easy and is not to stand ground any time soon. Despite that the world is now queue up into cryptocurrency, the traditional currency will remain valid and it will not be wiped out, the prayers of everyone is long life bitcoin but no competition with Bitcoin and traditional currency

If the mass adoption means crypto currency taking over the traditional currency system as a means of payment, then that is still a far fetched dream. But we can see that many people, especially youngsters, are interested in crypto currency for both trading and investments. Crypto currency surely has a market of its own and will continue to stay strong whether it becomes universal payment mode or not.

There is a good reason why media moguls would rule their news channels the way they want, they could just fire anyone who says things that they do not like, any editor, any anchorman, anyone who says the thing they do not want them to.

It means that anyone they hire will be a person who thinks the same way anyway, and media moguls have a good reason to hate crypto, mainly because it disrupts regular economy and builds an alternative one, making everyone equally rich, and that means they will not be able to enforce their views. Same reason why they dislike social media as well, and why they talk badly about it, it disrupts their news narrative to be proven wrong.

I don't know, I think it was originally intended to replace a broken system. Well, maybe not completely replace, but to replace the trust factor that people tend to give even with their own money. Effectively, it was a dig at banks, and how people blindly trust them.

If it wasn't created to completely replace the current system, I do believe it was created to show the people that there are alternatives, which I would argue the goal of that has been achieved. Everyone now knows what Bitcoin is, they might not understand it yet, and I think that ties in with the original discussion, that mass adoption will only really occur if Bitcoin is made simpler to understand. Dumbed down if you will.

The biggest issues we see these days is the complexity, that creates uncertainty, and therefore in turn creates hostility. People generally fear what they don't understand. Bitcoin is something I do believe is subjected to that thought process.

Right, which to be honest I do believe we've already highlighted the usefulness of Bitcoin. I mean, we've got hundreds, thousands of people who now know that trusting someone else with your wealth isn't exactly the greatness idea, especially when that's bit people in the arse before. Bitcoin basically gave people the choice of freedom, and while it might not suit everyone it does give you the choice, which you didn't have before. Well, technically you could not use a bank, and just use cash, however receiving money globally then isn't exactly easy. Bitcoin bridges that gap quite effectively.

Although, I do agree that it doesn't really matter what the use case is, as long a there is a use. For me, I don't ever see there no being a use for a currency which respects privacy, and being rather trustless.

The world are gradually developing into technology, which the younger once have to learn from the system and also the leaders of the country have to be inform about digital currency, using Bitcoin as a point of contact as a means of online payments, Buying, Selling, Fast, Transparent, And Secured. through the blockchain technology. Secondly our fathers, mothers and  elder's of the community has to adopt the system, by educating them and how it works, by so doing that, it require internet supply mostly in the village (Rural area) and that is most challenge and by having internet connection, the system can be easily to educate people around the world, just a matter of time, Bitcoin adoption we spread across the globe and the only advance is to put your seat belt tight, Buy Bitcoin + Hold = Moon.