Topic: What can we do to speed up Bitcoin mass adoption? - page 3. (Read 1523 times)

The bad part about bitcoin mass adoption is that those who are already in cryptocurrency communicate or socialize mostly with those who are in cryptocurrency also. Cryptocurrency community is a cycled community. People that are outside cryptocurrency bother much with their own problems, and dont want to spend much time learning new. Their better skip or avoid these "internet money", or "fake money" or "money used by criminals" (still a lot of people equate cryptocurrency to something illegal) and get back to what they do 24/7.

your idea is pretty good, government is one of the major hindrance to that, but despite they interference bitcoin never loose value in the eye of it investors but instead it keep going further in adoption, we could see that despite the triving force for the adoption of bitcoin by individuals, it has recorded a reasonable market vol and cap strong enough against any resistive force, government could have play a major role in increasing the adoption rate but because of their inability to regulate the currency places a big bone stuck on their neck.

Yes it is. If the media is not crypto topics, then they usually speak about bitcoin as an extremely volatile, risky and unstable toy for "mommy's investors". Not surprisingly, the mainstream media is most often biased towards bitcoin (due to the influence of governments, we already know about their dislike), most often they speak about it not from the best side. Usually, they are mentioned with sharp rises and falls in prices. Of course, completely without mentioning the advantages of the opportunities that bitcoin gives.

Until a person himself starts looking for the information he needs, then no media will provide him with it in finished form.

Limited, superficial presentation of information media or media, as well as exposing bitcoin from an unsightly angle, scares off some people. But some of them could contribute to mass adoption (by applying or accelerating it in various areas and fields of activity with which these people are associated), learn a little more about bitcoin. Therefore, it seems to me that the media or other information resources have a negative impact by slowing it down. Only portals like this forum allow people to get reliable information about bitcoin and I believe that the path to mass adoption should begin here.

What happens is that the information is very varied, most of the media are quite radical, most of them do not speak very well about BTC and this is something that people take into account, especially those who do not know much of BTC and that they only find information through newscasts.

Sometimes you have to take into account that forums are the safest way to find information, it is the most specific way to have better support. People should read a little more, or at least check on YouTube that it is the closest thing to anyone and that anyone can have access to.

But itself is meaningless. This "hodling lifestyle" works as long as there's a basic utility. And the only way you can utilize bitcoin is to use it as a currency. There's no other purpose. Period. It's a short term investment or a gold 2.0 or whatever you want, as long as it's useful in society somehow.

And I disagree. Despite the privacy invasion that's becoming worse day by day in the last years, the adoption increases. Even if the merchant hands out lots of personal info, even if in some countries it's illegal/banned, even if the mob wants to make a few bucks with it. The fact remains; there's interest from both merchants and customers.

Bitcoin is not the same payment system as other traditional payment systems in my opinion. Bitcoin is something completely different from other centralized financial systems, so it should be a good innovative payment system to serve as a payment alternative even though most countries use fiat.

Mass adoption is something that is still hard to expect nowadays even though bitcoin is getting more and more popular day by day. However, we must agree that bitcoin has become one of the currencies that has begun to be adopted as a legal tender in various countries today, although most of them are still in conflict with the regulations of the financial system and jurisdiction of a country.

Yes, what you point out is good. Because some people don't know bitcoin and until this year ends, but people that is living on earth majority of them knows of bitcoin but they don't adopt the cryptocurrency because of they are Fairless of the investment. The knowledge and news of bitcoin is moving everywhere except somebody don't want to know bitcoin or don't want to have interest for bitcoins will not adopt the currency. everybody knows Bitcoin within different societies

Bitcoin has helped a lot of people to grow higher in their various businesses, because is a decentralized currency that is not control by any countries or government officials. BTC has eliminated delay from people transaction that is attracting other countries to make bitcoin legalized in their land. Bitcoin is more secured and safe in terms of transaction within domestic and international. With the good results bitcoin has developed, show that very soon other countries that rejected bitcoin some years ago, will begin to accept bitcoin for the betterment of their citizens.

Government is the biggest barrier to bitcoin, nowadays it is not difficult to come across bitcoin logos or bitcoin frequently mentioned on social networks but there are many people who are indifferent to bitcoin because they know that the government does not support bitcoin and see bitcoin as an enemy.

For towards mass adoption of bitcoin, in addition to the solution of using social networks, introducing friends and relatives ...I think we should stop declaring war on government and banks instead of saying that bitcoin will completely replace fiat then bitcoin should not and cannot replace fiat, let them coexist.

In fact, no one knows what the world will be like in the future. What now seems impossible is quite possible to be realized. And the point of view that bitcoin is more likely to become a reserve currency than the traditional one seems to me the most probable. But then, the question of mass adoption is called into question. Moreover, if we also take into account the fact that the number of BTC is limited, which means that this is not "physically" enough for all people for mass use as a traditional means of payment (I’m not sure that whales and simple hodlers will massively get rid of their assets at BTC).

bitcoin oh bitcoin, I really appreciate from the P2P era between users who may not be as visionary now that they are so flexible in use, of course not bound by national borders, I personally often trade, store and transact anything even though the office / exchange server I don't know. each user with exchanges or other users who are getting more and more tested day by day. Moreover, my friends think about bitcoin regulations in different countries. Personally, being allowed to be free in my country is enough, I think bitcoin is a good energy and will be thank you from the past now and in the future. I believe bitcoin helps many people like what friends talked about above

Imagine the situation. Bicycle rental agency. 10 bicycles. The average number of clients per day is 100. Bicycles are occupied 90% of the time.
The owner wants to increase the number of customers by 10 times and asks his friends for advice on what he should do for this.
What they recommend to him:
1. Increase advertising
2. Replace bicycles with more comfortable ones
3. Train customers, because not everyone knows how to ride it.
4. Stimulate the staff so that the quality of service is better.
... and the like.

It seems that all the tips are correct. But in this case, all these tips can be thrown in the trash. They won't work.

Anyone with a minimum of knowledge in mathematics will tell him:
"Dude, in order to increase the number of customers by 10 times, you definitely, first of all, need to increase the number of bicycles by 10 times. There's no way without it."


Bitcoin.
~350 thousand transactions per day. ~10 million users per month. And this is the maximum.
The blocks are filled with transactions by more than 90%. That is, we have almost reached this maximum.

Our goal is mass adaptation. Once again, "MASS". Which implies a 10-100 fold increase in the number of users.

And now questions are being raised on the forum:
Why is there no mass adaptation? What should we do for this?
And why is the number of users not increasing many times?
And what prevents Bitcoin from growing ?
What is this "mysterious enemy" that prevents Bitcoin from taking over the whole world?


And what answers are given on the forum. Can you run through the topic from beginning to end:
Government - ?
Unstable price - ?
Bitcoin is too complicated - ?
Need more Bitcoin advertising - ?
...

People! Are you serious?

The only correct answer to the question of what prevents Bitcoin from mass adaptation at the moment is ... Bitcoin.

apart from the needs of the community, it all also depends on how the government provides regulations on bitcoin. Because if the need for bitcoin is high but the government has not provided full regulation, then bitcoin is only used as commodity trading and nothing more.

Towards mass adoption of course requires really mature preparation and knowing all the risks. People are not ready with the risks that bitcoin or crypto currency has, because they are very volatile.

adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.

El Savaldor government take Bitcoin as his first priority, so taking Bitcoin as the optional payment system might wrong. Although, as for now, they are using it as the alternative currency or optional to the Fiat currency. To speed up the adoption of Bitcoin in the whole world is the use of Bitcoin to pay anything you pay plus transport. At that time, there must be Bitcoin Banks in everywhere like the fiat banks as of today. Then introduction of Bitcoin in the school syllabus for students to know more deeply about it. The exchange rate of Bitcoin should be higher than the Fiat currency. When Bitcoin is used as major payment system in the world, goods and services should be drastically come Down. That will also make the speedometer in the adoption of Bitcoin.

Though many countries are adopting Bitcoin and using it as the optional payment system.

It was never intended to replace fiat in the first place but rather been created for the sole purpose of p2p and decentralization which it did really made its purpose well.It is really just people are overextending that much

about the probabilities or do really make out some conclusions that it would really be a traditional currency which is something that we do know that it cant really happen and i do also believe about that being a reserve.

Lets not put ourselves into haste on minding about mass adoption yet we are really heading on that area.

I used to think that Bitcoin had the potential to possibly be useful as a general currency, but as you suggested the amount of legal work required to be able to do that, is quite frankly unsustainable. The world is becoming less private, and the amount of data you're required to give to companies now is increasing. KYC is now a massive thing, and is very much a legal requirement in most countries.

I've changed my mind somewhat recently, that the main purpose of Bitcoin will likely be more of a reserve currency than a traditional currency, due to the reasons you mentioned. Bitcoin will be seen as a way of escaping the rat race, in the long term.

I think the widespread adoption of bitcoin will require the support of many business advocates, but before the community has many supporters, anyone with a business dealing with daily transactions can show enthusiasm by accepting bitcoin in their business.
and with it more and more transactions made in bitcoin will push progress closer to this goal.
and besides, more people need to know about its function, advantages and potential. Because there are still many prejudices about using bitcoin for illegal activities and so on, and in my opinion bitcoin also requires government involvement. Another important thing that is needed, of course, is its use as an alternative means of payment.

The first thing to ask is how to encourage people to trust Bitcoin? Because this was the main reason why we can't move fast and reach that major adoption as the support of the community isn't enough to push major establishments to accept Bitcoin. Plus, the Government is sometimes contradicting Bitcoin, they even wanted to use their power and control it instead of supporting this.

- provide the highest level of account security
- lessen the number of scam projects
- legalization

I believe these things could help crypto being recognize by the majority.

That is mainly their problem and that is why I doubt that it would be easy for them to make any money. People who do not learn what blockchain is, and how it works, will end up with getting in here only for the money and people who are here only for the money and do not care about nothing else will end up losing the only thing they cared about which is money.

If you want to make money in the crypto world then you should be willing to do high levels of research, and I mean like hours of it every single day. Because, you need to learn how all of this works and how you could make money from it. Otherwise, you will be left out in the open and can't make any profit.