Many believe that the adoption rate is very slow but others believe it's not, well, the truth is if the adoption rate of Bitcoin is very fast many who are seeing the present opportunities of buying Bitcoin right now wont be able to buy it, the higher the adoption rate the bigger the value of Bitcoin will be.
If you are here right now you are still early, judging with the world population, many people are still not into Bitcoin investment yet, I am kinda glad that the adoption rate is slow if that's what may think, because It will be hard to see Bitcoin bottoming at 17k, maybe the price will be so higher.
This is why I think that ETF approval will make things to feel different right after, the present opportunity might be the very last best, if truly the ETFs get approved, this will change everything, seeing better new lows in coming bear market won't be like the past anymore.
Topic: What one change to Bitcoin can make it's adoption faster? - page 2. (Read 438 times)
Adoption hasn't been slow, has it? It is common to say 'don't fix what's not broken', so i'll not change anything about the current state of the BTC network for faster adoption. I see people suggesting regulations and government involvement as things they would gladly accept for a faster adoption, but that is a no for me, i believe the government, blockchain analysis companies and centralized exchanges are very big problems to BTC and how it was supposed to operate.
Adoption will be faster when people see the need to use a censorship resistant currency, and not when the currency changes to suit them, i prefer for BTC to remain in the nature it was designed with slow adoption, than for it to fall under the control of LE and centralized agencies just for faster adoption.
Adoption will be faster when people see the need to use a censorship resistant currency, and not when the currency changes to suit them, i prefer for BTC to remain in the nature it was designed with slow adoption, than for it to fall under the control of LE and centralized agencies just for faster adoption.
Interest and legality from the government could be a major booster in increasing Bitcoin adoption. Which leads to increased innovation in several business sectors, especially those related to investment. Yes, we can see together that perhaps positive steps from big countries such as America, Russia and China can also provide positive sentiment, where historically these countries still have a big influence on the Bitcoin market and its adoption.
The sad truth about this is that the government will not approve it. Did you follow the Binance court case? One of the charges was that Binance facilitates a lot of transactions for criminals. Now, Binance is a centralized system where transactions are been monitored and with the $4B charges, if they should have looked further, a lot will be revealed but that is that. With the disappointment of the US government and Binance, do you think they will like typical blockchain transactions where there is zero censorship and no middleman, even the Binance case is enough for the government to have second thoughts about bitcoin regulation because they just send a wrong message to other governments that have been friendly to bitcoin.
Legality will be hard, maybe for now but perhaps in the future when things become simple for them to comprehend about bitcoin, they will be allowed that freedom of people they have been holding against the free will of the people. We may also be like this forever, who knows but as long as bitcoin adoption never slacks for once and the interest keeps improving, then I have no interest in whatever the government want to do with bitcoin, as long as they don't disapprove the use, I'm fine with their decision.
Reduce or eliminating government intervention, this will make the country is free to choose what they likes including Bitcoin. But this change is something like won't going to happen since government was created to control the citizens. They control through the system where teacher can only teach base on their curriculum, TV broadcast or articles that only mention about crypto scams instead of Bitcoin is better than banks etc.
Like you, I do not like the state's heavy intervention in a way that does not take into account the privacy of citizens. But I disagree with you very much when we are discussing ways that can accelerate Bitcoin adoption. We can never cancel the fact that we still live in a global economic system based on centralization, which in countries occupies the most important place in regulating financial operations and everything related to finance. According to this standpoint, it would be very beneficial for the state to include blockchain education within the educational curricula at all levels (secondary and university), which will raise awareness of the technology and provide room for its use and thus adoption.Today we have the United Arab Emirates as the most important example, although it does not fully recognize crypto, but adoption rates are on the rise after granting activity permits to crypto service platforms like Binance.
Nothing is perfect and Bitcoin is no exception. Let us discuss in this thread that one change which can increase the adoption of Bitcoin further at a rapid rate.
You think its kinda slow yet? Adoption of bitcoin grows immensely as Ive noticed it. Before only few countries talka about it but its a renowed commodity globally now. Maybe the use case isnt much that famous to others but there are merchants who keeps using it now and it will only likely to increase in the future as more people becoming engage and interested with its technology as a store of value and transparent utility for anyone. 
Nothing is perfect and Bitcoin is no exception. Let us discuss in this thread that one change which can increase the adoption of Bitcoin further at a rapid rate.
The fastest way in my opinion to make the adoption faster is by government not intervening in the widely used of it. When they remove the limitation of its use to their peoples and stop attaching negative words to bitcoin, it can easily convince people to embrace it for mass adoption of it and uses. Government is always the bedrock of any technology that comes new, without their acceptance, it becomes very hard for people to understand and embrace its use.
Regulations is killing many innovations that ought not to be regulated, some of which are worth been regulated and some just for their own self benefit as the case of bitcoin. If the government really wants to have a say in this bitcoin adoption, and we want its mass adoption quicker, we will have to give in to their regulations and laws before we can comfortably use it anywhere in the world.
People have to change not Bitcoin, if you ask me. After all the reason why majority of people who haven't bothered looking at Bitcoin is not about how Bitcoin works or what it is. It's all about their ignorance and the fact that they are used to the fraudulent existing economy with uncapped fiat that keeps being printed causing inflation.
They need to want to want that exit out of that system before Bitcoin adoption can grow. I'm afraid for many of them another 2008 collapse is the kick they need to make that change.
They need to want to want that exit out of that system before Bitcoin adoption can grow. I'm afraid for many of them another 2008 collapse is the kick they need to make that change.
Nothing is perfect and Bitcoin is no exception. Let us discuss in this thread that one change which can increase the adoption of Bitcoin further at a rapid rate.
Outside of government intervention because dealing with them is too complicated. In my opinion, the way to accelerate Bitcoin adoption is to increase the number of people who are serious about knowing how Bitcoin works as a financial transaction system and comparing it to how fiat works. When people know well about the greatness of the Bitcoin system in carrying out transactions, I am sure that people will no longer make their main interest in buying Bitcoin because it is solely an investment asset in the hope of getting rich but instead make Bitcoin a financial transaction system. 
Is this about one change towards Bitcoin? Like how we treat it or see it as? Or the actual Bitcoin itself to change?
You should be more clear on the question because a lot of things can be interpreted with that. I think the part with you said "To Bitcoin" on the subject makes it as if to change how its technology works or anything.
I'm quite confused.
You should be more clear on the question because a lot of things can be interpreted with that. I think the part with you said "To Bitcoin" on the subject makes it as if to change how its technology works or anything.
I'm quite confused.
Interest and legality from the government could be a major booster in increasing Bitcoin adoption. Which leads to increased innovation in several business sectors, especially those related to investment. Yes, we can see together that perhaps positive steps from big countries such as America, Russia and China can also provide positive sentiment, where historically these countries still have a big influence on the Bitcoin market and its adoption.
Many people knows that my fiat currency is worst and devaluating almost every week but they still can't accept that Bitcoin will solve this problem.
Some are waiting for the government to announce that everyone should own Bitcoin for their own future sake which is impossible.
Some still think that the government are so smart that they see through all things, no one wants the best for them than their government.
Bitcoin is not perfect like you said but it's not as worst as the rulers of this centralized world, unfortunately people are just too blind to see, and there is no way to change their minds.
What will be of benefit if non believers in what Bitcoin actually does are stating to adopt Bitcoin? It makes no sense, so gradual adoption is way better, let every slow down with Bitcoin adoption, it's for the greater good.
Some are waiting for the government to announce that everyone should own Bitcoin for their own future sake which is impossible.
Some still think that the government are so smart that they see through all things, no one wants the best for them than their government.
Bitcoin is not perfect like you said but it's not as worst as the rulers of this centralized world, unfortunately people are just too blind to see, and there is no way to change their minds.
What will be of benefit if non believers in what Bitcoin actually does are stating to adopt Bitcoin? It makes no sense, so gradual adoption is way better, let every slow down with Bitcoin adoption, it's for the greater good.
Nothing is perfect and Bitcoin is no exception. Let us discuss in this thread that one change which can increase the adoption of Bitcoin further at a rapid rate.
If you want to go far, go naturally that requires to go slowly and gradually too.This sounds opposite with what Bitcoin has been experienced and has been growing but I believe we need organic growth of Bitcoin, not something like a one-shot booster that does not have long lasting effects.
Compare Bitcoin with Internet, it has very massively faster adoption.
The speed of conducting financial transactions for parties that do not have bank accounts or have difficulty accessing SWIFT. There may not be a person who knows that using Bitcoin, sending anything to anyone in the world is easy and fast.
Inflation: Inflation has reached almost all countries. It is true that some of them feel it to a lesser degree, but inflation is one of the reasons that will push more people to think about Bitcoin and cryptocurrencies.
Overall, Bitcoin users are growing well and it is better to think of it as a payment instrument rather than an investment.
Inflation: Inflation has reached almost all countries. It is true that some of them feel it to a lesser degree, but inflation is one of the reasons that will push more people to think about Bitcoin and cryptocurrencies.
Overall, Bitcoin users are growing well and it is better to think of it as a payment instrument rather than an investment.
Nothing is perfect and Bitcoin is no exception. Let us discuss in this thread that one change which can increase the adoption of Bitcoin further at a rapid rate.
I don't know if this will happen because not all are supportive of Bitcoin, but the Government might be one of the reasons for Bitcoin to get adopted quickly.I know this isn't realistic because there are some countries that are already anti-Bitcoin and prohibit their countrymen from using Bitcoin, but if only all of the governments would allow their people to use it, and at the same time help at least to promote it then I believe it might be a game-changer. The government changing perception towards Bitcoin might change its adoption of it and can make it quicker.
Overall, I guess there's no need to change. I mean there are many Bitcoin supporters who are constantly promoting Bitcoin in different social media platforms and with many people using social media, I believe that the adoption is much faster than what it was years ago. The only problem is how they look at Bitcoin. There's nothing wrong with the pace of adoption, but how people see Bitcoin is the problem because I believe many people don't want to buy or at least invest into it because they see it as either a scam or a faster way to lose their money because of its volatility. Adoption isn't the problem, its how we teach the new ones.
Nothing is perfect and Bitcoin is no exception. Let us discuss in this thread that one change which can increase the adoption of Bitcoin further at a rapid rate.
One change? We don't need any change. We've been looking at all those points where the changes should be made long time ago but there's no need to think of it anymore.It's because one change that we're all waiting for is about the government adoption that we're thinking unlikely to happen before. But with things right now, it's happening.
If we are looking to change something it should be how to improve the network to make it more decentralized and censorship resistant and not how to attract more people. Bitcoin was not designed to be used by everybody cause the majority are not interested in privacy and are not bothered by the government monitoring them.
Bitcoin is not a company which is bothered about growth and profits but about fulfilling its goal of eliminating the need for third parties and offering financial freedom to those who want it.
Although there is some middle ground where improving one aspect of bitcoin or the other can make the experience better, one of those aspects is transaction cost and scalability.
- Jay -
Bitcoin is not a company which is bothered about growth and profits but about fulfilling its goal of eliminating the need for third parties and offering financial freedom to those who want it.
Although there is some middle ground where improving one aspect of bitcoin or the other can make the experience better, one of those aspects is transaction cost and scalability.
- Jay -
Nothing is perfect and Bitcoin is no exception. Let us discuss in this thread that one change which can increase the adoption of Bitcoin further at a rapid rate.
That could only happen if the government refrains from intervening, Bitcoin will function as intended, leading to rapid adoption. People tend to prioritize their privacy, and in this regard, Bitcoin has an advantage as it operates in a decentralized manner. This stands in contrast to centralized options favored by the government.
Bitcoin isn't perfect, yes, but what's the alternative? My point is that Bitcoin's adoption rate would increase a lot not necessarily by changing Bitcoin's imperfections but only by making people aware of the real situation of the currency they are using. Bitcoin is far from perfect, but the mainstream currency is much worse, not even worth comparing with Bitcoin. So, it's enough that the people realize how oppressed they are by the fiat system and Bitcoin adoption accelerates.
I do agree regulation and acceptance are maybe the best ways to quicken Bitcoin adoption.
This is where many of the users are stuck. Either their Authorities show straight up resistance against Bitcoin or they have very uncertain regulations inducing fear of misusing Bitcoin.
To the normies Bitcoin becomes overly complicated when they hear about the Tainted / Non Tainted B S and all the political drama surrounding it. Regulations change every now and then producing even more confusion about Taxes and other responsibilities.
We need a moment of fresh air. Some air cleaned of resistance.
This is where many of the users are stuck. Either their Authorities show straight up resistance against Bitcoin or they have very uncertain regulations inducing fear of misusing Bitcoin.
To the normies Bitcoin becomes overly complicated when they hear about the Tainted / Non Tainted B S and all the political drama surrounding it. Regulations change every now and then producing even more confusion about Taxes and other responsibilities.
We need a moment of fresh air. Some air cleaned of resistance.
Nothing is perfect and Bitcoin is no exception. Let us discuss in this thread that one change which can increase the adoption of Bitcoin further at a rapid rate.
Bitcoins are already been accepted or adopted rapidly. This is the reason for which Bitcoins price suddenly increased to 69k usd from 20k usd. Regarding the flaws then, it can be blockchain transaction fees issue. That’s the only thing that I have seen people complaining. If you ask me then Bitcoins are perfect as a digital asset, it has very high capability to give you maximum profit in longer period of time. Jump to: