Topic: What your ideas about bitcoin adoption in the future? - page 7. (Read 1398 times)
Now the demands of bitcoin was reduced due to the reduction in bitcoin price.But in parallel,new people was get into the crypto currency.Specifically they make some investment in the bitcoin.So the bitcoin had good future by considering as an asset.It also had great scope by the mean of stock market trading.
There aren't many places where bitcoin is illegal, having a country not accept a currency as legal tender doesn't make it illegal to be used (or did you mean both weren't an option in your country).
It's hard to put enforceable borders on the Internet/almost impossible and these sorts of laws will force cryptos to adapt to them I think (instead of being completely illegal somewhere, new systems might be rolled out by individuals there to offer a representation of cryptocurrency while remaining legal).
Paypal's last ceo was very against crypto and were beaten by a lot of payment processors to implement it - this could happen to countries as lots of international currency transfers are expensive compared with crypto fees.
It's hard to put enforceable borders on the Internet/almost impossible and these sorts of laws will force cryptos to adapt to them I think (instead of being completely illegal somewhere, new systems might be rolled out by individuals there to offer a representation of cryptocurrency while remaining legal).
Paypal's last ceo was very against crypto and were beaten by a lot of payment processors to implement it - this could happen to countries as lots of international currency transfers are expensive compared with crypto fees.
The problem is, have you ever thought of new ideas for future use cases, such as receiving a salary in bitcoin at your workplace or maybe as a means of payment for public transportation?
It's part of its use case. There have been companies or freelance markets that do issue and pay their workers with bitcoin. That's not actually a new thing and it's just part of bitcoin as a use case. You'll see those coffee shops that have QR codes if you want to pay them bitcoin. Honestly, IMO, we're just getting started and more merchants and stores are starting to become open to it as a payment and that is because they like the idea of owning bitcoin. They'll get paid by it and then they hold it as an investment.
Football Mate! I have fantasies about it every now and then, Envisaging who would be the First Footballer to be signed with Bitcoin and how much Bitcoin that player would be worth. Which football club will use Bitcoin as a means of payment also.
At times I feel like the FIFA World Cup can be a good place for Bitcoin to get it's awareness it deserves, using Bitcoin as payments for First runner's, second runners and also third. If it can also be used to purchase tickets for the world Cup.
Lastly, I borrow books once in a while from the library, I know there is Gon be a possibility but, not at the moment. I want Bitcoin to be used as a means of payment in the library for subscription and also payments. Finally, I hope to see Bitcoin as a Legal Tender in My Country Nigeria!
At times I feel like the FIFA World Cup can be a good place for Bitcoin to get it's awareness it deserves, using Bitcoin as payments for First runner's, second runners and also third. If it can also be used to purchase tickets for the world Cup.
Lastly, I borrow books once in a while from the library, I know there is Gon be a possibility but, not at the moment. I want Bitcoin to be used as a means of payment in the library for subscription and also payments. Finally, I hope to see Bitcoin as a Legal Tender in My Country Nigeria!
I am still very new to the bitcoin world and of course there are many questions I still need to ask this community about bitcoin to clear up any confusion.
Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?
When you do have a business and tending to accept crypto then it would be possible as long your country doesnt prohibit or banned bitcoin or crypto as a whole or simply we can say that they are still in neutral phase then you could actually do that plan of yours but if not then you should avoid since you know on what would be the penalties or violation. We are still on a decades existence even though we cant assureBitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?
on what the future looks like when it comes to payment options but as we can see on how it do progress out then we could really say that it does have the potential.
Bitcoin adoption in the future do surely looks bright but of course always take consideration on minding about the risk.
But even though many countries around the world term Bitcoin as an illegal currency the truth remains that the citizens are still dealing with Bitcoin as a p2p alternative currency. So I believe shortly some other countries are going to reason in the positive direction and adopt Bitcoin just like El Salvador and the Central African Republic that have adopted Bitcoin already.
Of course, this will vary from country to country, but that doesn't necessarily make bitcoin an illegal currency. Bitcoin as far as I know can be traded and transacted anywhere and anytime, even if it is banned then I don't think the government can afford to ban decentralized networks. Bitcoin is a commodity asset in my country, it is tradable but cannot be used to legally pay for goods or services.The problem is, have you ever thought of new ideas for future use cases, such as receiving a salary in bitcoin at your workplace or maybe as a means of payment for public transportation?
Bitcoin usage will continue to increase as we start to put more pressure on the current financial system. We are definitely headed towards a future that is very different than the one we live in today. Bitcoin adoption will not end in 2022, but its adoption will gain momentum in the years to come. The Bitcoin blockchain, and the technology of the crypto-economy, will continue to mature and evolve, and this will impact the way we interact with the "digital" economy in the future. As a result, the increased Bitcoin adoption in a traditional environment will help to pave the way for future adoption in new and innovative ways.
I think the Bitcoin economy has the potential to play a positive role in the world economy. Unlike fiat currencies, Bitcoin has no central authority that can devalue it or inflate it to save their own corrupt sectors. I think this is the true advantage of the Bitcoin system. Additionally, Bitcoin is significantly more resilient to national bank currency crises and there are more free-market banking alternatives in existence to improve the efficiency of the system.
I think the Bitcoin economy has the potential to play a positive role in the world economy. Unlike fiat currencies, Bitcoin has no central authority that can devalue it or inflate it to save their own corrupt sectors. I think this is the true advantage of the Bitcoin system. Additionally, Bitcoin is significantly more resilient to national bank currency crises and there are more free-market banking alternatives in existence to improve the efficiency of the system.
The most important thing is that the adoption isn't rushed, and is organic rather than manufactured as it seems right now. People are rooting for adoption like it will resolve everything, but adoption is not only governments adopting crypto, it's also people doing the same and actually using BTC as a valid payment source, not just an economically unstable country buying a bunch of BTC and thinking it's a get out of jail card.
Bitcoin has been around for just a few years and in the last decade ago that Bitcoin have being in existence, its relevance and functions have been widely adopted by individuals as a p2p means of making payments and transaction this independent functionality of Bitcoin has made much Central Government view Bitcoin as an anti-law currency because Bitcoin is designed in a way that it can not be controlled by the government and this has been the major challenging points for Bitcoin global adoption. But even though many countries around the world term Bitcoin as an illegal currency the truth remains that the citizens are still dealing with Bitcoin as a p2p alternative currency. So I believe shortly some other countries are going to reason in the positive direction and adopt Bitcoin just like El Salvador and the Central African Republic that have adopted Bitcoin already.
I am still very new to the bitcoin world and of course there are many questions I still need to ask this community about bitcoin to clear up any confusion.
Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?
Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?
Jump to: