From what the op mentioned, I agree and if I may add, the income level of each country is different, not to mention there are many poor countries.
decentralized nature of bitcoin, difficult to control by government so they don't legalize it and therefore Bitcoin is not accepted worldwide
Topic: What's preventing bitcoin from worldwide adoption? - page 7. (Read 6014 times)
I think the biggest obstacle today is the number of countries that are still banned bitcoin, Bitcoin is currently only legalized in a few countries and most countries choose neutral, but in my country have implemented taxes on several local trading sites so that the direction of my government will likely legalize Bitcoin and Cryptocurrencies
Bitcoin received several attack by the government because no relative showing between government and bitcoin. When you check it is few countries that welcomed bitcoin as a legal tender because of the it appreciation in it currency. second point. I don't believe will be legalize in every country for now. Maybe when the time goes bitcoin will add more firm and every country will be surrounded by it value and adoptions. But seeing the counterbalance in bitcoin with government i don't think worldwide adoption will happen ten years later
Bitcoin adoption is getting higher because some countries have changed crypto legalization regulations to confirm Bitcoin as legal tender, so Bitcoin adoption in a country takes time to research and adjust the understanding of many people about cryptocurrency, that the government needs to add cryptocurrency material in school and university curricula if the government make plans to realize the legality of Bitcoin as a legal tender in the future.This does not really work out in changing people's mind to the adoption of bitcoin, perhaps if this could have been the major reason then the adoption would have gone wider than this, government are not taking the regulation with leniency at all, only in few cases you see the government providing suitable regulation on crypto without considering their own interests first, how many schools have yet started the taught of cryptocurrency? another means government have device is through the creation of CBDC in other to tackle bitcoin, i see government as the major factor affecting bitcoin from global adoption.
Bitcoin received several attack by the government because no relative showing between government and bitcoin. When you check it is few countries that welcomed bitcoin as a legal tender because of the it appreciation in it currency. second point. I don't believe will be legalize in every country for now. Maybe when the time goes bitcoin will add more firm and every country will be surrounded by it value and adoptions. But seeing the counterbalance in bitcoin with government i don't think worldwide adoption will happen ten years later
Bitcoin adoption is getting higher because some countries have changed crypto legalization regulations to confirm Bitcoin as legal tender, so Bitcoin adoption in a country takes time to research and adjust the understanding of many people about cryptocurrency, that the government needs to add cryptocurrency material in school and university curricula if the government make plans to realize the legality of Bitcoin as a legal tender in the future. 
Bitcoin was not born just to be a tool for government control. The government wants to understand how bitcoin works and tries to control it like other centralized instruments like central banks. Bitcoin's decentralization may be the biggest hurdle, but in reality, does anyone doubt or hope that bitcoin will be legalized worldwide soon? literally I wasn't expecting much. Lol
Bitcoin received several attack by the government because no relative showing between government and bitcoin. When you check it is few countries that welcomed bitcoin as a legal tender because of the it appreciation in it currency. second point. I don't believe will be legalize in every country for now. Maybe when the time goes bitcoin will add more firm and every country will be surrounded by it value and adoptions. But seeing the counterbalance in bitcoin with government i don't think worldwide adoption will happen ten years later 
I think the main thing preventing adoption is that people are set in their ways and Bitcoin is new and scary. A lot of people don't want the responsibility of having to safeguard their own coins, or even learn about the process. They've heard horror stories about keeping funds on an exchange and don't trust themselves to store it themselves, so what are they to do? Many people like this would likely only get exposure to Bitcoin through things like ETFs in their retirement accounts. Over the years I've given friends quite a bit of BTC and it almost never fails that they lose their keys or some other thing that caused them to lose their Bitcoin. The average person is definitely not ready to have their finances in their own hands... There are still folks paying financial advisors to set their money in index funds... People have a long way to go when it comes to financial knowledge and I don't see schools doing their part. For this reason, I think it would realistically take generations before everyone got on board with cryptocurrencies.
Yes, in general you are right. To work with cryptocurrency, you need certain knowledge in this area. However, it is not enough just to learn how to work with cryptocurrency. You also need to be able to protect yourself from hackers and scammers, be able to avoid numerous mistakes that are often made by inexperienced and inattentive users. In addition, the cryptocurrency continues to develop very rapidly. Coins and tokens, according to the decision of the project team, often move to other platforms, other actions are performed, and you need to constantly monitor this and be aware of all changes, otherwise only useless numbers and symbols may remain from coins and tokens.Many people are either too busy with other daily activities, or simply lazy. This explains why many are in no hurry to use cryptocurrency, despite its obvious advantages.
There are also these people who is afraid of Btc's high volatility and refused to understand the concept of cryptocurrency.
IMO, it's not just the government who's preventing further mass adoption, but it's also the people.
IMO, it's not just the government who's preventing further mass adoption, but it's also the people.
Absolutely. There are still a vast number of people who feel like they have enough financial "freedom" already, simply because the banks haven't screwed them yet. They don't recognise any importance in censorship-resistance or immutable ledgers. They can only see Bitcoin as a speculative asset and nothing more.
I'm hoping that with inflation getting as bad as it is in many places, more people may start to recognise the aspect of predictable and finite supply enshrined at the heart of Bitcoin. Weakening purchasing power due to inflation is something which will increasingly affect the average person. Perhaps we need to place a bigger emphasis on that part?
Less talk of "Lambos" and "Moons", more on cost-of-living increases and what can be done to alleviate it.
I think there are many reasons why bitcoin is not yet widely legalized around the world. Central bank is the tool of the government in controlling the currency, they understand it well but with bitcoin they never understood. In most cases where bitcoin is used, there are several places where bitcoin is used and accepted as legal. That's not necessarily a basis for considering the integrity of a uniform regulation, but I wouldn't have expected it. Because Do they not realize their own mistakes? in other words they are not ready for it
Yah the government is seen the biggest block for adaption. Government feels, adapting bitcoin might bring down the value of local currency and other assets growth as well. Bitcoin is dominating currencies, assets like gold and real estates. Mainly banks are the ones, fights against bitcoin with government. But slowly the percentage of adaption is increasing if you look at the current ratio compared to 3 or 5 years back. The recent ATH of Bitcoin has brought in many investors and knocked the door of governments.
Are you sure its the government who's the biggest blocker for Bitcoin mass adoption?
How about scam projects? false propaganda? If you watch movies with Bitcoin featured on it, they are always portrayed negatively like it's used for criminal and illegal purposes.
There are also these people who is afraid of Btc's high volatility and refused to understand the concept of cryptocurrency.
IMO, it's not just the government who's preventing further mass adoption, but it's also the people.
BTC is TOO complicated for most of the people. BTC is just a niche and it will remain like that.
This is true but only for those who are totally uneducated or the person that cant read and write but to someone that already have a basic knowledge or is educated, it's possible for them to understand bitcoin. All of us that here in bitcoin now are once a newbie too, we think bitcoin is too complicated but that doesn't stop us. Something tells us that we need to learn bitcoin because it can help us.Those who are now successful in btc are lucky to follow their dreams while for others it still not too late for them to learn bitcoin even though bitcoins value is already huge and the adoption is already high because there's still more to come.
Bitcoin was not born just to be a tool for government control. The government wants to understand how bitcoin works and tries to control it like other centralized instruments like central banks. Bitcoin's decentralization may be the biggest hurdle, but in reality, does anyone doubt or hope that bitcoin will be legalized worldwide soon? literally I wasn't expecting much. Lol
With all being said. I believe government policies play a lot of role. The government want to control everything, task, inflation, deflation, cost of good.. all for their personal advantages. So the idea of decentralized finance is more like a nightmare to them..
Exactly! That's why Banks are making a lot of regulations since they can't stop someone from using Bitcoin they just want to coexist with it and the community. They can't do anything about it even if they put some restrictions since Bitcoin isn't controlled by someone that's why coexisting with it is the only choice to continue the cash flow.We can't tell anything about it yet but El Salvador is the best example for a whole country using Bitcoin.
Government regulation and laws would be the big hindrance or blockage on overall adoption but we know that not every government would have the same decision but most of them would really be on that banning side.
Aside from government, lets talk about people awarenesss and and knowledge about things like bitcoin because we know that not all would really be that knowledgeable when it comes to it.
Lets just wait for overall recognition and acceptance or people to be aware about it existence and dont make yourself stressed out.
Aside from government, lets talk about people awarenesss and and knowledge about things like bitcoin because we know that not all would really be that knowledgeable when it comes to it.
Lets just wait for overall recognition and acceptance or people to be aware about it existence and dont make yourself stressed out.
Governments are the ones usually spreading misinformation in order to drive people away from crypto as much as possible. That and also the price volatility, makes many people avoid Bitcoin in the first place. I think crypto is still in its very beginnings. We should wait 1-2 more decades in order to see how much people worldwide will adopt Bitcoin for their own benefit. I'm pretty sure adoption will be much bigger in the future than what it is right now, as crypto/Blockchain's popularity increases at a very fast pace. What matters is that Bitcoin stays alive in order to provide us with true financial freedom. As long as decentralization is put first, there should be nothing to worry about. Just my thoughts
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.
The fluctuations of value is one of the things that makes bitcoin to be quality and important, if bitcoin should be stable in value it won't be serving the purpose of being a digital currency, when the prices falls down it gives people the opportunity for them to buy bitcoin and wait till when it rises for profit. The fluctuations of bitcoin is one of the quality why bitcoin is better than fiat, I don't see the fluctuations of bitcoin as a challenge to the world.
I think there are many reasons why bitcoin is not yet widely legalized around the world. Central bank is the tool of the government in controlling the currency, they understand it well but with bitcoin they never understood. In most cases where bitcoin is used, there are several places where bitcoin is used and accepted as legal. That's not necessarily a basis for considering the integrity of a uniform regulation, but I wouldn't have expected it. Because Do they not realize their own mistakes? in other words they are not ready for it
Yah the government is seen the biggest block for adaption. Government feels, adapting bitcoin might bring down the value of local currency and other assets growth as well. Bitcoin is dominating currencies, assets like gold and real estates. Mainly banks are the ones, fights against bitcoin with government. But slowly the percentage of adaption is increasing if you look at the current ratio compared to 3 or 5 years back. The recent ATH of Bitcoin has brought in many investors and knocked the door of governments.
I think there are many reasons why bitcoin is not yet widely legalized around the world. Central bank is the tool of the government in controlling the currency, they understand it well but with bitcoin they never understood. In most cases where bitcoin is used, there are several places where bitcoin is used and accepted as legal. That's not necessarily a basis for considering the integrity of a uniform regulation, but I wouldn't have expected it. Because Do they not realize their own mistakes? in other words they are not ready for it
If i point directly to the title, then guess what many of us might know the correct reason for the cause.
The main reason for which Bitcoins aren’t adapted right now is the Government.
As Bitcoins are decentralised in nature, that is cannot control by any governing body, so the government hates Bitcoins.
Government always want to control each and every things in order to impose tax on it and earn money from it.
As they are unable to control Bitcoins so they don’t legalise it and therefore Bitcoins are not worldwide accepted .
What kind of legalization from the government are you talking about ? If the government should make it a legal tender just like El Salvador did, maybe it might aid in the adoption, although I am not sure about that. Then if they should legalized it as an asset that people can buy and sell, but not used for transaction as a legal tender, I don’t think that would do more than what has already been done. And I believe that already in many countries Bitcoin is legal as an asset that people can buy and sell. Let’s just hope for more adoption. The main reason for which Bitcoins aren’t adapted right now is the Government.
As Bitcoins are decentralised in nature, that is cannot control by any governing body, so the government hates Bitcoins.
Government always want to control each and every things in order to impose tax on it and earn money from it.
As they are unable to control Bitcoins so they don’t legalise it and therefore Bitcoins are not worldwide accepted .
With all being said. I believe government policies play a lot of role. The government want to control everything, task, inflation, deflation, cost of good.. all for their personal advantages. So the idea of decentralized finance is more like a nightmare to them..
Exactly! That's why Banks are making a lot of regulations since they can't stop someone from using Bitcoin they just want to coexist with it and the community. They can't do anything about it even if they put some restrictions since Bitcoin isn't controlled by someone that's why coexisting with it is the only choice to continue the cash flow.We can't tell anything about it yet but El Salvador is the best example for a whole country using Bitcoin.
With all being said. I believe government policies play a lot of role. The government want to control everything, task, inflation, deflation, cost of good.. all for their personal advantages. So the idea of decentralized finance is more like a nightmare to them..
Exactly! That's why Banks are making a lot of regulations since they can't stop someone from using Bitcoin they just want to coexist with it and the community. They can't do anything about it even if they put some restrictions since Bitcoin isn't controlled by someone that's why coexisting with it is the only choice to continue the cash flow.We can't tell anything about it yet but El Salvador is the best example for a whole country using Bitcoin.
BTC is TOO complicated for most of the people. BTC is just a niche and it will remain like that.
With all being said. I believe government policies play a lot of role. The government want to control everything, task, inflation, deflation, cost of good.. all for their personal advantages. So the idea of decentralized finance is more like a nightmare to them..
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