What's preventing bitcoin from worldwide adoption? - page 11.

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Quote from: Nerdy doctor on April 02, 2022, 09:02:50 AM

Bitcoin remains to be adopted by every country in the world for various reasons. Here are my thoughts on why..

1. Government policies: Most government and financial institutions round the world seem not to want bitcoin cause of the financial freedom it gives to its users. They would want to control and tax the flow of finances of individuals and they probably fear the anonymous nature of its transactions. Some policies even go as far as criminalizing its use.

2. Scammers and fraudulent practices: Scammers have found bitcoin as a safe haven cause of its transactions being anonymous. Also, terrorist groups among other sources get funded by bitcoin also cause of its anonymous nature. Fraudulent practices and transactions are made with ease wth the use of bitcoin.

3. Fluctuating value: The value of bitcoin isn't steady as it rises and falls. The uncertainty in the price and value greatly hinders the general adoption worldwide.

4. Awareness: Nearly not enough effort on creating and spreading positive awareness on it as some government and individuals alike is hell bent on spreading negativity around and poisoning the minds of prospective users. People need to be aware and understand what bitcoin is really about and be awake to its uses.

5. Information hoarding: You could get lots of information about anything on the internet including bitcoin. But the internet can be misleading to newbies cause you could get right and wrong and also misleading information on the internet. It puzzles me that people with an in depth knowledge of bitcoin would purposefully hoard and keep information to themselves. You may think people don't hoard information but in reality, people do. It irksome just thinking about it. If people could share information, newbies won't readily fall prey to scammers.

These are my thoughts on what's preventing bitcoin from being adapted worldwide.

Op's thoughts on the reasons make some sense to me, but I don't fully agree. It's true that governments usually want to at least somewhat control the usage of cryptos when they start regulating cryptos, and imposing taxes is very common. However, I don't see it as an obstacle to BTC adoption, as long as the regulations are reasonable. As for #2, it's very common to focus on financial crimes when talking about cryptos, but the traditional market and currencies are still way more common when it comes to financial crimes, so it's framed as an obstacle to BTC adoption, while not really being so. Fluctuating value, misleading information and FUD are all legit and can put some people off.
I think that the scaling issue of Bitcoin also deserves to be on the list, and so does a global financial infrastructure which is resisting significant change and anything that can put its existence and operation in question.

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Quote from: darkv0rt3x on April 06, 2022, 03:15:32 AM

When we think a bit about it, it's in fact the big enterprises/groups that control our politicians. Our politicians will act on what these companies needs, economically and financially speaking.

And these groups' choices are made usually based on the people's interest. If the people start using Bitcoin then they have to adapt to it unless the "elite" are completely authoritarian. We see how China is constantly fighting it; it can't shut it down, so it tries to "shut down" every citizen's right to it.

In the west, things are less excruciating humanitarian-wise. The governments want to portray themselves as freedom seekers; at least in the economy. People have their right to speech and if they all started treating cryptocurrencies as money by tomorrow morning, I believe the government wouldn't have a choice other than to adjust.

The main problem is that this won't ever happen, because they perpetually brainwash you to feel you need them. There are other problems too, such as people don't understand money or don't care about it at all. Then, there's the internet propaganda that misleads the public, the fact that Bitcoin is a hard term to grasp etc.

Those are what's really preventing worldwide adoption, not the block size.

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Quote from: Ale88 on April 05, 2022, 10:21:37 PM

Quote from: Nerdy doctor on April 02, 2022, 09:02:50 AM

3. Fluctuating value: The value of bitcoin isn't steady as it rises and falls. The uncertainty in the price and value greatly hinders the general adoption worldwide.

4. Awareness: Nearly not enough effort on creating and spreading positive awareness on it as some government and individuals alike is hell bent on spreading negativity around and poisoning the minds of prospective users. People need to be aware and understand what bitcoin is really about and be awake to its uses.

Those two points are a major cause in my opinion. I would also add that buying a bitcoin is not exactly a straight forwarding thing to do since usually you have to open an account on an exchange, send the documents, wait to be verified, transfer the money and then decide where to store them. Many times when you explain to people all these steps, a lot of them immediately think it's too much effort.

That could be one on the many reasons, because people are usually kept their hands off to complex things such as creating a custodial wallet or exchange wallet as new crypto investors would always resort to such options as they see a lot of advertisement all over the social media.
But there is actually a few steps to purchase your own Bitcoin without using those services.
But then again, people will always have the first impression of purchasing Bitcoin to an exchange.

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I am one of those who believes the reason is political. People in our governments aren't stupid as most of us call them (or most of maxis and toxic maxis). We live in a predominant capitalist/socialist world and society where greed overwhelm most of our principles. A side from that, our governments, as socialist and capitalist driven, then know that a currency like Bitcoin will take away their power of controlling society and countries.

I don't believe this is more a conspiracy theory. When we think a bit about it, it's in fact the big enterprises/groups that control our politicians. Our politicians will act on what these companies needs, economically and financially speaking. Not the other way around.

When some banks or big companies are close to bankruptcy, what do our states do? Inject people's money on the allegation that if they don't do it, the country economy may collapse (real case in my country happened in the last 2 years with 2 companies, a bank and a air plane company called TAP).

Electricity companies and Oil companies will always be backed my politics, because they can easily disrupt a country's economy. Many times, CEOs and the big fish are close friends to politicians.

So, we and they know that, if Bitcoin would become mainstream and massively adopted, they would probably lose big part of this power.
For me, this is one of the main reasons. And the actual arguments used are all arguments that actually also occur with the current economic and financial models, so I think most of those arguments are not usable! Still they use them, such like scams, corruption, crime, risk, etc.

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Quote from: Ale88 on April 05, 2022, 10:21:37 PM

I would also add that buying a bitcoin is not exactly a straight forwarding thing to do since usually you have to open an account on an exchange, send the documents, wait to be verified, transfer the money and then decide where to store them. Many times when you explain to people all these steps, a lot of them immediately think it's too much effort.

Then try providing them with the other methods of purchasing bitcoins. You don't have to use exchanges. If you're giving people the impression exchanges were the only option, then you're not explaining it correctly.

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Quote from: Nerdy doctor on April 02, 2022, 09:02:50 AM

3. Fluctuating value: The value of bitcoin isn't steady as it rises and falls. The uncertainty in the price and value greatly hinders the general adoption worldwide.

4. Awareness: Nearly not enough effort on creating and spreading positive awareness on it as some government and individuals alike is hell bent on spreading negativity around and poisoning the minds of prospective users. People need to be aware and understand what bitcoin is really about and be awake to its uses.

Those two points are a major cause in my opinion. I would also add that buying a bitcoin is not exactly a straight forwarding thing to do since usually you have to open an account on an exchange, send the documents, wait to be verified, transfer the money and then decide where to store them. Many times when you explain to people all these steps, a lot of them immediately think it's too much effort.

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Quote from: Nerdy doctor on April 02, 2022, 09:02:50 AM

Bitcoin remains to be adopted by every country in the world for various reasons. Here are my thoughts on why..

1. Government policies: Most government and financial institutions round the world seem not to want bitcoin cause of the financial freedom it gives to its users. They would want to control and tax the flow of finances of individuals and they probably fear the anonymous nature of its transactions. Some policies even go as far as criminalizing its use.

There are some rules that are different in each country. every government has the same goal basically they want to advance all forms of their prominence but must comply with the norms and rules that they make so as not to make them lose in the end.
Bitcoin is one thing that is independent and its existence will certainly be very disliked considering Bitcoin is something that is very difficult to control.
When they address it, there are actually 2 possibilities, the first is to make peace and go with the flow there as El-Savador and several other small countries are adopting now or are insisting on holding on to this like some big countries.
I think this is quite reasonable considering they want stability for their country with their own ways and rules but for bitcoin the rules will definitely be different because they will not get the authority there because of the decentralized nature of bitcoin

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Quote from: AicecreaME on April 04, 2022, 09:25:18 AM

Quote from: Nerdy doctor on April 02, 2022, 09:02:50 AM

Bitcoin remains to be adopted by every country in the world for various reasons. Here are my thoughts on why..

1. Government policies: Most government and financial institutions round the world seem not to want bitcoin cause of the financial freedom it gives to its users. They would want to control and tax the flow of finances of individuals and they probably fear the anonymous nature of its transactions. Some policies even go as far as criminalizing its use.

2. Scammers and fraudulent practices: Scammers have found bitcoin as a safe haven cause of its transactions being anonymous. Also, terrorist groups among other sources get funded by bitcoin also cause of its anonymous nature. Fraudulent practices and transactions are made with ease wth the use of bitcoin.

3. Fluctuating value: The value of bitcoin isn't steady as it rises and falls. The uncertainty in the price and value greatly hinders the general adoption worldwide.

4. Awareness: Nearly not enough effort on creating and spreading positive awareness on it as some government and individuals alike is hell bent on spreading negativity around and poisoning the minds of prospective users. People need to be aware and understand what bitcoin is really about and be awake to its uses.

5. Information hoarding: You could get lots of information about anything on the internet including bitcoin. But the internet can be misleading to newbies cause you could get right and wrong and also misleading information on the internet. It puzzles me that people with an in depth knowledge of bitcoin would purposefully hoard and keep information to themselves. You may think people don't hoard information but in reality, people do. It irksome just thinking about it. If people could share information, newbies won't readily fall prey to scammers.

These are my thoughts on what's preventing bitcoin from being adapted worldwide.

Great list you got there.

I agree with everything that you have listed most especially the first one. The government keeps on interfering with the mass adoption of bitcoin because bitcoin gives financial freedom to most, if not all, of their users. Bitcoin paves way to offer great opportunities such as it being an income generator, store of value, and mode of payment. Because it is decentralized, the transactions made inside the blockchain is totally out of reach of the government. They have no power over it, unlike those of that occur inside the centralized platforms.

I consider bitcoin as an eye-opener because most people have been enlightened by what the government and central organizations are doing on their funds, thanks to crypto. Personally, I know so many people that didn't really realize what their money can do for them because they trust the banks so much. Fortunately, crypto awareness has becoming a thing which is why most people are now knowledgeable about what banks do with their money, and about how little they make in storing their assets for long period of time in it.

In addition, crypto has given people opportunity to grow out of their comfort zone and to save for their future without worrying. That's why it's so saddening because the worldwide adoption is still far from happening due to the aforementioned reasons. Hopefully, in the near future, there will be more openness regarding this topic and the transition would be smoothly done.

It would be amazing if adopted worldwide. Financial freedom with a wide range of opportunities. Cryptocurrency is the future and we should all start leaning towards it

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Quote from: Nerdy doctor on April 02, 2022, 09:02:50 AM

Bitcoin remains to be adopted by every country in the world for various reasons. Here are my thoughts on why..

1. Government policies: Most government and financial institutions round the world seem not to want bitcoin cause of the financial freedom it gives to its users. They would want to control and tax the flow of finances of individuals and they probably fear the anonymous nature of its transactions. Some policies even go as far as criminalizing its use.

2. Scammers and fraudulent practices: Scammers have found bitcoin as a safe haven cause of its transactions being anonymous. Also, terrorist groups among other sources get funded by bitcoin also cause of its anonymous nature. Fraudulent practices and transactions are made with ease wth the use of bitcoin.

3. Fluctuating value: The value of bitcoin isn't steady as it rises and falls. The uncertainty in the price and value greatly hinders the general adoption worldwide.

4. Awareness: Nearly not enough effort on creating and spreading positive awareness on it as some government and individuals alike is hell bent on spreading negativity around and poisoning the minds of prospective users. People need to be aware and understand what bitcoin is really about and be awake to its uses.

5. Information hoarding: You could get lots of information about anything on the internet including bitcoin. But the internet can be misleading to newbies cause you could get right and wrong and also misleading information on the internet. It puzzles me that people with an in depth knowledge of bitcoin would purposefully hoard and keep information to themselves. You may think people don't hoard information but in reality, people do. It irksome just thinking about it. If people could share information, newbies won't readily fall prey to scammers.

These are my thoughts on what's preventing bitcoin from being adapted worldwide.

Great list you got there.

I agree with everything that you have listed most especially the first one. The government keeps on interfering with the mass adoption of bitcoin because bitcoin gives financial freedom to most, if not all, of their users. Bitcoin paves way to offer great opportunities such as it being an income generator, store of value, and mode of payment. Because it is decentralized, the transactions made inside the blockchain is totally out of reach of the government. They have no power over it, unlike those of that occur inside the centralized platforms.

I consider bitcoin as an eye-opener because most people have been enlightened by what the government and central organizations are doing on their funds, thanks to crypto. Personally, I know so many people that didn't really realize what their money can do for them because they trust the banks so much. Fortunately, crypto awareness has becoming a thing which is why most people are now knowledgeable about what banks do with their money, and about how little they make in storing their assets for long period of time in it.

In addition, crypto has given people opportunity to grow out of their comfort zone and to save for their future without worrying. That's why it's so saddening because the worldwide adoption is still far from happening due to the aforementioned reasons. Hopefully, in the near future, there will be more openness regarding this topic and the transition would be smoothly done.

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Quote

I believe the first two of Government Policies and fraudulent practices are major contributors that discourage many users around the world from getting to use bitcoin. We have too many dishonest players that prey on other people's lack of knowledge on genuine cryptocurrencies that they scam them with fake bitcoins and investment scamms promising to pay extra. But with time world adoption will be possible once this knowledge is out there.

Exactly, many users are afraid of the government policies because government impose the policies to discourage many users from decentralized currency than to have more interest on centralized currency. Many countries has tested bitcoin, both long term and short term investment that made them to believe on bitcoin, that very soon the world will adopt bitcoin to eliminate errors and reduce unemployment from the world.

Now that the reality of bitcoin has exposed fraudulent practices from the world, show that people will easily identify scammers and avoid them from the country. Bitcoin is well safe and secured which is the main reason the world will soon make it legalized to the world, to eliminate the hardship and delay in the transaction system.

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Quote from: dothebeats on April 02, 2022, 12:07:02 PM

Government policies and awareness IMO are the greatest challenges as to why we are not there yet.

Of course, governments would like something that they can control and easily monitor, so they will certainly stick with fiat and banks, and try to limit the usage of cryptocurrencies by imposing lots of regulations that does not benefit the user.

On awareness, not everyone has access to such information albeit the current technology that we have. Poverty still lingers on a huge percentage of the world, and with it comes poor education which hinders people's ability to grasp information more easily. Sure, they may have heard about bitcoin and all, but what do they do with the limited information that they have if they can't put two and two together in the end?

If the government will continue to see bitcoin as anti-fiat, then its adoption will be totally hard. There is no way that we can do without the government's approval, except from trading bitcoin as some of the governments are already supporting it. And with poor people who continue to have no good education and don't have access on internet, they will never know facts about bitcoin and this will be another factor why bitcoin won't be adopted easily worldwide.

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Quote from: Nerdy doctor on April 02, 2022, 09:02:50 AM

Bitcoin remains to be adopted by every country in the world for various reasons. Here are my thoughts on why..

1. Government policies: Most government and financial institutions round the world seem not to want bitcoin cause of the financial freedom it gives to its users. They would want to control and tax the flow of finances of individuals and they probably fear the anonymous nature of its transactions. Some policies even go as far as criminalizing its use.

2. Scammers and fraudulent practices: Scammers have found bitcoin as a safe haven cause of its transactions being anonymous. Also, terrorist groups among other sources get funded by bitcoin also cause of its anonymous nature. Fraudulent practices and transactions are made with ease wth the use of bitcoin.

3. Fluctuating value: The value of bitcoin isn't steady as it rises and falls. The uncertainty in the price and value greatly hinders the general adoption worldwide.

4. Awareness: Nearly not enough effort on creating and spreading positive awareness on it as some government and individuals alike is hell bent on spreading negativity around and poisoning the minds of prospective users. People need to be aware and understand what bitcoin is really about and be awake to its uses.

5. Information hoarding: You could get lots of information about anything on the internet including bitcoin. But the internet can be misleading to newbies cause you could get right and wrong and also misleading information on the internet. It puzzles me that people with an in depth knowledge of bitcoin would purposefully hoard and keep information to themselves. You may think people don't hoard information but in reality, people do. It irksome just thinking about it. If people could share information, newbies won't readily fall prey to scammers.

These are my thoughts on what's preventing bitcoin from being adapted worldwide.

I think you're missing one key element to all of this: the capacity of the network to process transactions at a reasonable speed. There have been vast improvements since Bitcoin was first created but all cryptocurrencies are competing with traditional payment networks like Visa or even Paypal - who are able to process transactions instantly. On top of that, it seems that the higher the popularity of Bitcoin at any particular time, the longer it takes for transactions to go through because the miner processing has limited resources which do not grow or contract quickly to meet demand. This will always be a limiting factor in a proof of work environment.

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Quote from: franky1 on April 03, 2022, 12:59:31 PM

altnetter
altnet
altnet brand
your altnet
your altnet
altnet adoption
your altnet

You're the only one who sees an altnet. You are the one who needs to take your delusions elsewhere. Preferably to a therapist so they can do a psych evaluation.

Quote from: franky1 on April 03, 2022, 12:59:31 PM

this topic is about bitcoin adoptiion. so please take your altnet rhetoric to another category.

My reply is on-topic. Toxic elements claiming to represent the community might put new people off from joining. Take this encounter for example:

Quote from: DooMAD on November 18, 2019, 07:15:05 PM

I remember meeting this total loser once, who tried to tell me that he knew who satoshi was because he'd met him. You know the type. The really pathetic, socially inept ones who are so desperate for people to notice them that they can't help but make up what they believe to be a cool-sounding story just to get a little attention. I certainly didn't bother wasting my time asking for proof. I just mocked him relentlessly for a while until he finally snapped at me. At which point I told them "Don't be such a lying sack of shit, then". The best part was, he even tried getting the only friend he had in the room to ask me to leave. But his friend just completely blanked him, because even they could tell what a lost cause he was. It was glorious. He soon went quiet after that.

That same guy also tried telling me the Bitcoin developers were tyrants and that elements of the community were some sort of dangerous cult who wanted corporate entities to take over. If I hadn't already been an experienced user who could see right through their lies, it's possible I might have been fooled into thinking it would be better off to avoid getting involved. I'd hate to think someone like that is travelling around the world trying to brainwash the unsuspecting masses. What an absolute lunatic he was.

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boring cries from the altnetter trying too hard to defend his altnet by pretending everyone wants it.
if they really wanted it. everyone would have been using it after 5 years of its existance. but instead there are more topics asking about bitcon adoption and bitcoin scaling not your sily altnet brand

your altnet does not even have a blockchain. it doesnt even use asics it does not have al the security features and audit trails that bitconi does several times an hour
it is nothing like bitcoin
bitcoin never leaves the bitcoin network. so what you are playing with are empty promises of millisats pretending to be bitcoin

understand how your network is different and stop pretending your network is bitcoin.

oh and before you highlight the non-privay nodes that are advertised.. yep your altnet doesnt offer privacy.
take a look at all them chaneels you are preparing to display as your evidence of your altnet adoption. and realise that there are businesses running upto 40+ nodes and within those nodes they are running loads of channels of their own balance
LNBIG(0-43+others)
bitrefill

your altnet is not full of millions of diverse independant people. its full of centralised sybil nodes running lots of channels to pretend they are busy, just playing pass the parcel to rebalance their quickly dropping liquidity. in a snowball affect

this topic is about bitcoin adoptiion. so please take your altnet rhetoric to another category.

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One of the biggest factors on what hinders BTC from worldwide adoption is the technology for it. Majority of the countries are below the poverty threshold, with third-world countries lacking the economic need for them to live. If BTC were to be adopted worldwide, then these people need the technology to transact, which is having at least a mobile phone for them.

Another thing that you mentioned are government policies and prohibitions. The government is obsessed with control- they need to at least know what we are doing and they also have to partake in their own regulations to see if something goes out of hand. That is why, some countries prohibit the utilization of cryptocurrencies due to the latter's freedom in transactions.

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Quote from: franky1 on April 03, 2022, 06:04:19 AM

the same idiots.. doomad oeleo blackhatcoiner. .. boring
all they want to do is say bitcoin is broke, too complicated,

Nope. We're saying the fictional version of Bitcoin that only exists in your fractured mind would be far more broken than the entirely real and working Bitcoin we have now. Your version will never exist, because even if you paid someone to code it for you, they'd get sick of you and your obnoxious, ego-maniacal bullshit in about five minutes and abandon the project. And even if by some miracle you did somehow get it made, it would be shit and you'd be forked off. So the only option left open to you is to spout nonsense from your soapbox and accuse everyone else of social drama because you are wholly impotent to enact change.

We like what's being made. You don't. We don't need to change course because we are getting what we want. You claim you don't like where we're heading, but you won't change course. Yet you keep talking like we are the crazy ones.

Quote from: franky1 on April 03, 2022, 03:43:10 AM

now i got my rant over and done with. here is my experience from speaking to loads of people around the world and their reasons.

But you don't speak with people. You speak at them. And if we're talking about things that might be putting the public off, maybe we should consider the chance that one of those things is you.

It wouldn't surprise me if you approach these people and, without even being prompted, you just start blurting out all your delusions about "evil developers", "sinister cults" and your warped notions of what constitutes scaling and they politely stood there and listened, so you just naturally took it for granted that they agreed with you. I bet the moment the conversation ended, they were just left thinking "I'm glad that fucking headcase is gone". And then you report back here claiming you've championed the cause, when all you've probably done is made people think Bitcoin users are a bunch of raving wingnuts. You're probably doing more harm to adoption than good. If there is a chance you're scaring potential users away, maybe do us all a favour and don't speak to anyone else. After all, totalitarians make for a poor ambassador for a project offering freedom.

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I would say government policies are the main reason. I am from India and recently the government of Indian has passes a bill wherein 30% tax will be claimed by the government for every cryptocurrency transaction. This law came into existence from 1st of April and already local exchanges are reporting a steep decline in volume.

How harsh this tax law is for the community can be explained with this example. If a person buys $100 dollar worth of Bitcoin, the user then has to pay $30 as tax. If the user incurrs a lost of $10 over the invested amount still taxable amount is $30.

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Quote from: franky1 on April 02, 2022, 09:25:14 AM

the three main things that are hindering world wide adoption are:

1. over 50% of the world are on low income. meaning their minimum wage is less than half of the minimum wage of developed countries

this is important because if the transaction fee is ~$1.60 (lows over $1 highs over $3 at time of post)
https://api.blockchain.info/charts/preview/fees-usd-per-transaction.png?timespan=30days&h=405&w=720

where for instance people do not want to be paying an hours labour just to make a transaction.
nor do they want to be paying 10% fee just to spend say $16 funds. .. meaning they wont use it to buy things for $2-$15 which could be a few days worth of wages or a whole weeks worth of groceries for millions of people
..
there are many corporate/political aligned people in the community that do not want bitcoin to be used by the poorest nations. do not want bitcoin to be used for daily use. they make many silly excuses that are meaningless in the 21st century, but they really try hard to dissuade people from using bitcoin and instead try to off-ramp people into other networks

they want expensive fee's and other things that make it less useful. all to advertise their other networks as the replacement/upgrade people should move over to.

2. aside from the fee cost.. lets take the 'blockchain size'
ethereum is younger yet it is 1tb blockchain, yet no one is crying about their utility causing problems. many many developers have done alot of things to add features to ethereum and make it useful for many things. yet certain people dont want people using bitcoin that is much older but under half the size. they dont want daily use, they dont even want majority to be full node network backbone nodes. they try to mis-inform people to be leacher nodes pretending to be seeder nodes of block data. they want value locks and then playing around with other networks that dont have the same security as bitcoin

3. aside from the silly excuses of why certain people think bitcoin should not be used by the masses
lets take the altnet argument
there are multiple networks all trying to steal the user-base of bitcoin by calling their network bitcoin[something] whether its pegged networks/forked networks/ or just name fame stealing networks. this dilutes the userbase over multiple networks and makes less people use the actual bitcoin network.
many then lose faith in the actual bitcoin network due to issues with the pretend 'bitcoin' networks. giving the real bitcoin network a bad name,
yep certain people pretend to adore bitcoin while trying to say that bitcoin is broke and people should use something else.

if over 50% of the world cant see value in using bitcoin because the fee is over an hours labour, and the bitcoin developers dont want to actually make it cheaper but do false advertising like making older transaction formats 4x more expensive and then call their new feature a 3x discount(end result is overal fee is higher then before) then those developers have not made improvements to make it useful for the 'unbanked' populations.
if the overal only feature benefit of the same new feature is just to create a format that allows offramping to other networks. you start to see that certain people in the community dont want mass adoption of bitcoin.

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Quote from: franky1 on April 03, 2022, 03:43:10 AM

now i got my rant over and done with. here is my experience from speaking to loads of people around the world and their reasons.

1. fee
its more then their hourly salary, they prefer to us m-pesa and other cheap/free payment transfers

2.chicken and egg
consumers have no local merchants to buy things so see no use-case.. merchants have no consumers asking for it so they see no use-case

3.altcoins are their prefered go to crypto because the onramp (cost to obtain(fee) and cost per unit of medium of exchange seems reachable)

4.hardly any care/talk about government involvement because they all know they can trade offline(face to face) and because they know government cant control bitcoin itself. only the exchanges.
yes people in india/africa(the two biggest population bases) dont care about the government law. people in india/africa still use CRYPTO.. its legal there, infact the CRYPTO market in india/africa is growing super fast.. but the bitcoin growth within that crypto is not growing as fast/same scale.
their main gripe is not the government. but instead that bitcoin fee's price them out of using it compared to using altcoins.

yep ill emphasise this.
governments have not banned crypto or bitcoin in the two largest population zones.. so that is not the reason those populations are avoiding bitcoin. the big reason people avoid bitcoin is because they prefer to use altcoins/altnets due to the fee

5. average joe does not see or read or care about the government stuff. yes MSB(money service businesses/providers) EG exchanges do care somewhat, but they see the crypto laws are the same as the standard fiat laws for MSB's so they dont see much of a problem because they know what to do already and are already setup to AML/KYC their customer because they are already providing their customers with fiat services as part of the exchange so are already doing it

as for mining:
6. heat and asic unit cost
its too hot in places like africa and india (too biggest world population bases) but they dont mine bitcoin because of the average climate temperature is not good for asics. and the cost of an asic unit is not within their wealth to spend to 'hobby mine' bitcoin.
and the electricity reliance is a factor. not all towns/villages have reliable continual electric

Yes, I agree.

On top of that, Bitcoin is running by the Bitcoin profit mongers. Bitcoin supposed to more socially accesable and more beneficially to people. but at the moment only some big rich people buying some bitcoin and hoarding fot future profits.

Bitcoin need a good captain. Bitcoin is like big ship in the middle of a ocean where there are too many bitcoin shark trying to only profit themselves. This was not vision of the Bitcoin invention on the first place. Bitcoin price supposed to be $1 milllion after one decade. But I think, I must recite a magic spell to pust the Bitcoin Bull run faster. If some one can understand my point and join me to plan a strategical plan for bitcoin next stage then definitely it will enlarge the Bitcoin market and many unbanked people will start to invest in bitcoin and use it for making remitance transaction.

Woodie

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Rollbit.com ⚔️Crypto Futures

I believe the first two of Government Policies and fraudulent practices are major contributors that discourage many users around the world from getting to use bitcoin. We have too many dishonest players that prey on other people's lack of knowledge on genuine cryptocurrencies that they scam them with fake bitcoins and investment scams promising to pay extra. But with time world adoption will be possible once this knowledge is out there.

Topic: What's preventing bitcoin from worldwide adoption? - page 11. (Read 6017 times)