Bitcoin Forum

There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.

If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?

Also, if commodities can not be circulated, there is no meaning for their existence. Therefore, this is very important. For the time being, most of them are in the state of holding money, and they have not dealt or circulated.

I guess you want a spending culture, right?  Well, that is up to the owners/holders of cryptocoins or fiats. People should only spend when spending is necessary, or only spend on good things. Forcing others to spend what they own will probably make them spend on things they don't need.
Or we could spend on "good things" alone if spending culture becomes necessary?

The current implementation is good enough imo. The rate of adoption might not be as fast as other tech but that's simply because there is much freedom in the crypto/bitcoin ecosystem. People need to learn to be their own bank, avoid stupid mistakes, etc which might be suitable only for those who are young or open-mined.

If we put the 10 year age into perspective, what we achieve so far is amazing. What started as a simple experiment has been used by some merchants and users to create their own economy, and that is great.

The spending culture or whatever you talked about will follow when there is enough clarity (either regulation, government stance tc) and exposure to new people, added with an increase of merchants accepting crypto/bitcoin. It will come sooner or later.

Bitcoin though can be circulated. But it does not question the existence. I am not sure how you can get to such a conclusion. Even commodities like wheat, rice can be moved from one owner to another and they still exist. Bitcoin exists in the digital form (so to speak) and they can be sent to other people too.

And bitcoin ownership does not mean that they own fiat directly. They are having bitcoin which are currently at a certain market price which is the selling price if they are sold instantaneously.

To improve usability Lightning Network is the next big thing. We may see more development in future about transaction speed too or other aspects.

High volatile nature, transaction speed, and wallet security are just some of the many feature that Bitcoin needs to be improved. Though programmers are constantly working on this to improve the these stuff, specially the Lighting Network that focuses on speeding up the transactions.
It would really take too much time before Bitcoin and cryptocurrency will become fully adapted by the people from all over the world. But, I'm looking forward to the day where Bitcoin can be accepted anywhere you go as an option for payment.

I think there's a contrary of what you're asking here. You are asking about two things, usage and risk or volatility.
It's for the people who will use it to understand that bitcoin is risky as an investment if they'll use it like that. But using it the way it was made as a payment, it's very easy to use.

Optimizing the usage of Bitcoin, ease of use, would primary mean improvement on its prior features enabling people to grasp and gain understanding on the essence of Bitcoin. Its function as a channel of payment is very beneficial for everyone because of its digital form, yet brought by its nature it is automatically risky due to high volatility. As per the adaptation of it globally, it would take long before it gets massive attention from diverse group of people around the world.

Bitcoin doesn't want anything, its the people that want it or not. You can buy (or earn) a few satoshis easily and put them in your wallet, very low risk there unless you use insecure malware prone software such as windows, and that's not Bitcoin's fault. Hardware wallets were made to avoid that, and there are of course much better free and open source operating systems everyone should be using.

Speculators exist everywhere. You cannot stop them but they don't have enough power to bend things for too much or too long, the market forces balance themselves very nicely, when lots of people participate.

It wants to become the universal payment currency, but it will never be. This is why I support the "digital gold" name of it. It's more of a transferable gold, but one with fixed supply.

Take it as if you were able to pay in gold coins/bars on some websites. The main problem here comes with the possibility of sending a fake gold coin and scamming the service. On the other hand, we have double spending with BTC but counter-measures can be taken. Double-spending aside, Bitcoin is much more safer for services to accept especially because it does not need a physical transfer but only a digital one.

One of the typical reasons services and companies do not accept BTC yet is volatility, and that is understandable. Unless you want to accept and hold BTC while also assuming a risk of negative price change, you'll have to rely on and trust a third party that exchanges your BTC into USD in an instant. Another issue comes with fees during network congestions and tx confirmation time. If all of these would somehow be solved, Bitcoin would be much more practical.

There is a lot of solution since then. Bitcoin is currently playing its role in the market already. The Bitcoin doesn't need to be revised and for its risk to be reduced. The solution from that is to build another coin and back it with stable currencies, I mean cracking the bitcoin usability code is a work in progress in the future. That basically it. But those coins can be converted to bitcoin as well and are considered as cryptocurrencies still. (just backed by stable currencies)

Probably, the freelancers job is really great help to increase the usability of Bitcoin since now they eventually used Bitcoin for payment.

The question is how to improve the usability of bitcoin, what are you talking about?

As for what I have noticed for the past couple of years with bitcoin, it cannot surpass the fiat currency in terms of efficiency on daily use because it needs an online connection to be able to use. However I've read some thread here that proposes the usage of bitcoin in offline network through the help of messaging. The idea is clever but a bit off since the bitcoin network all network rather is unavailable when offline.

I would still choose the paper bitcoin over it, although it is quite impossible.

Why do you think so? I agree to the SoV narrative of bitcoin, but I believe that it can be both a SoV and a payment currency. It's really not just the best for-payments currency today hence the low payment usage, but it doesn't mean that it will never be ready for payments in the future. It's just going to take a while for the volatility to go down, as it would be very unrealistic to expect bitcoin to have a somewhat stable value this early on.

Because Bitcoin is decentralized, it will never have the same features that centralized payment systems do - there won't be any tech support that can correct some of your mistakes, there won't be additional verifications for large transactions, there can't be any "I forgot my password" buttons. This is one of the reasons why Bitcoin won't see mass adoption, but I believe despite this all it still has a lot more room for adoption, because people are getting more and more proficient with technology.

Volatility is a bigger problem now, it's the main reason why Bitcoin is viewed as an investment rather than a currency.

In my opinion, there is no need for improvement on the usability I think we are the one needs to adjust and not Bitcoin we should gain knowledge on the basics of Bitcoin, and there is no safe trading or investment on Bitcoin there is a sure risk but that risk can be lessened if a person would gain experience from getting involved with the volatile market of Bitcoin and other decentralized cryptocurrencies.

Because realistically, the idea of Bitcoin as payment method will not be that widely agreed. It's okay now that we only have a few services accepting BTC, but if it ever becomes widely used, it will become a problem for authorities.

I understand it could and probably will be modified in time according to what it needs to become a good payment currency, but it just won't work.

By volatility, I did not mean the Bitcoin price has to necessarily be stable in order to be considered a great payment option. If we ever move from fiat to crypto completely as in having the possibility to not only use satoshis (or mBTC) as prices in stores but to also literally live only on BTC (including paying for bills/taxes etc), volatility will basically be over and everyone's money will only have a higher purchasing power as time passes (thanks to halving). This is, however, very unrealistic.

If we need Bitcoin to become a universal currency payment system, I think bitcoin needs to scale and the confirmation time of each transaction should be greatly improved.  I wanted to see Bitcoin beat XRP in terms of confirmation speed, I don't care whether it is an on-chain or off-chain upgrade as long as it can compete with the world's fastest confirmation time and not compromising security.

I don't think that the main problems with Bitcoin are that people cannot get started easily or have a low risk. Bitcoin is quite user-friendly, IMO, there's nothing that hard in using it. Plus, there're multiple tutorials, safety tips, and stuff. As for the risk, it's not that high IMO, since Bitcoin has proved to grow over time. Plus, it's not like a crash game where something gets busted within a second and is worth zero. If people feel uncomfortable, they can sell anytime and not lose much. The main challenges I see are scalability, lack of trust from the authorities and the giant and powerful banking system.

Right, There isn't much physical store that is accepting bitcoin as of now, Merchants don't want to have a transaction that has delays in confirming that's why in my opinion bitcoin transactions aren't suited for a physical transaction but it's good that some merchant is accepting bitcoin into their store or services.

Volatility is also one of the attributes of bitcoin and some merchants don't really like change of the money they are holding that may cost them a few bucks when the price falls. In the future, we might see more merchants who are accepting bitcoin but I'm not really expecting so much that it will become our main currency in buying and selling physical stuff.

Ultimately, Lightning can provide instant transactions for low value, frequent purchases at brick-and-mortar stores. The costs of merchant integration aren't justified yet until LN adoption is much more widespread. The same was true of credit cards at one point too.

In the meantime, there are apps like SPEDN (https://www.coindesk.com/you-can-now-spedn-bitcoin-at-gamestop-barnes-noble-and-more) that merchants can integrate with existing POS terminals. SPEDN uses Gemini to custody cryptocurrency so that merchants can accept it without requiring confirmations.

This is a new innovation, all things related to cryptocurrency are very closely related to the internet, gadgets, and the like. This is very effective for millennials, who are easy to accept and adapt to technological developments. As for the older generation, this will be difficult to understand and learn. If we look at the side for the millennial generation, the progress so far is very good, this decade has shown very significant developments, especially from price developments. Meanwhile, in terms of utility for broad adoption, many personalities can become banks for themselves without a third party, although it is difficult to be widely accepted. So for me this is good enough, slowly but surely. Online shopping trends are also slowly adopting cryptocurrency, the weakness may only be in the volume, the rest is quite perfect I think.

So what do you really want? lower the risk for the investment or for people to use it easily? In terms of usability, bitcoin can easily be used by a lot of people. It is efficient and fast in terms of transaction but the thing is that it is not that accepted by a lot of merchants and stores since it is volatile. I think we should also think that bitcoin should be stable which I don't think is a good thing since that means someone is controlling the market and that also means that there is no decentralization.

I think for bitcoin to become a universal payment for salary or any types of services is, it needs more adoption from governments and country's. But bitcoin is decentralize so these guys are most likely impossible to adopt bitcoin, so we can rely on average joes and Institutional investors.
If most of the worlds population uses cryptocurrency then banks and governments has no choice but to adopt it.

Thus making bitcoin a universal payment that is peer to peer.

As a payment system, I guess the main thing that Bitcoin should be improving is its transaction speed. If the system will become the main global payment system, it has to be able to process thousands, if not millions, of transactions per second. At its current 7 TPS, it has a long way to go.

It took how many years before fiat has been used worldwide??
How many years did fiat currency take so that it will be known as our universal currency?

Knowledge. This will help people in all aspects from lowering of the risk to the usage of it.
Development. I know that we are in the development stage right now or the evolving stage where some problems of Bitcoin is getting solve bit by bit.

Give time for crypto to be known worldwide and lets see how it goes within the next decades. Don't expect too much with Bitcoin at this moment because it is only 10 years but what it achieves right now is good already. Adoption will increase little by little. Lets just wait for it to be used globally.

No. Double spending is not an issue, this is why people wait for confirmation(s). Many things can be paid waiting, they don't have to be instant. Online purchases are a great example of this, it doesn't matter if it takes 1 hour or 6 or 12 to confirm, once confirmed they ship the items, end of drama. For the same reason people should not mess with the transaction fees, or let their wallets do so. 1 sat/B is the only fee that matters, the rest is for emergencies only.

If you don't want to keep the bitcoins, fine, exchange them. Pricing is not much of an issue, as you can simply use the price in another coin and simply accept the equivalent at current market exchange price. Under inflation price move all the time, you are simply spoiled to have never experienced it, thinking life could not go on with moving prices. It can, its not the end of the world. A merchant may lose a bit someday, but will gain anotherday. This is bitcoin, not some altcoin that will never recover. In the long run bitcoin always goes back up.

I am a fan of Bitcoin, and I think that it did achieve a lot, but that doesn't mean it's doing fine in terms of the spending culture or adoption. Only around 2% of the population use Bitcoin at all. At the current adoption rate, Bitcoin will take a couple if decades to catch up with top payment methods, if I am not mistaken. Moreover, I really don't think that most users of Bitcoin but goods/services with it. They gamble, trade or hold, but there options if spending Bitcoin as money are too limited. Not to mention that it's largely unrecognised, so any time one needs a proof of funds, BTC doesn't count.

If only merchants do accept payments in Bitcoin forms like credit card or fiat but I am not sure how are we able to handle the exchange part as it the rate isn't always stable. I guess it will only be a dream for now and I believe the crypto team are currently finding out how to overcome this problem.

It would be nice to have a Bitcoin app where you can store your BTC there and use it anytime you shop.

Actually if you will be talking about bitcoin, the one that will comes to your mind is that it is for just investments and gambling nor trading, but your wrong because bitcoin and cryptocurrency is always made for the people for them to be used by the people but as of now still a few people is just known this, to be honest it is known by everyone but still they don't know what the used of it so if there would be really a way on how to make a positive things on how it will be low risk then it will be good for the people.

That's right, as a cryptocurrency user I see cryptocurrency and bitcoin as a good and easy to use because you just need an internet in order for you to access your wallet or buy any cryptocurrency like bitcoin and other coins. This probably the means of the volatility in which it is one of best thing here in cryptocurrency because there is no one who are controlling the market and the volatility itself is the one why many people are still patronizing it just because they know how to risk and bet in times but this thing what many people did not get and didn't want the volatility itself.

One of the biggest coin into the market we called as the bitcoin that is related into cryptocurrency or we called as the digital currency many people see the potential of this coin to make profit so they made a lot of investment but not only that because they use bitcoin to make trading and gambling that affects the market of the bitcoin and now many people are using it because they know it is has a faster transaction and at the same time it has a low transaction fee. We can promote the bitcoin with the use of daily usage, making video content, and introduce to other people what are the things bitcoin can do so each of us can contribute to the market even it is volatile.

I do think usability is a very difficult thing to improve by yourself but I do think if a person starts accepting bitcoins and buying stuff with bitcoins then it could show a lot of positive remarks for the community.

For example if you own a shop and you are allowing customers to buy using bitcoins then it would advertise bitcoins at the same time even if the person doesn't know anything about Bitcoins he will still go back home and search it on Google.

I think in the case of Bitcoin the only problem most people are having is with it being volatile. And from what I understood, the volatility of Bitcoin might not stop until the market cap is very high. Some people have claimed that the market cap will have to be around trillions of dollars for it to become a stable currency.

There have been other currencies that were made to be better than Bitcoin, there are stable coins already and they are also fast for transactions and offer what Bitcoin offers, but still the world is not even interested in those altcoins, all they are interested in is Bitcoin.

Bitcoin usability is so far not what many of us have difficulty in, but looking to the improvement for the general usage, trading at lower price will help. Being a digital currency, educating people on the use of technology to meet up will help, Orientations, seminars and lecturing those who care to know is also important, sensitizing those who does not care is also important. If bitcoin can be brought to a state at which it can be used for daily trading. It will help too.

While I think that lightning has real use, I think it has yet to overcome at least part of its ailments. Bitcoin as a whole has gotten better and better at handling volume, just on the 27th this month we hit 369k transactions which is similar to the usual transactions you'd see daily back in Dec 2017, but without the excessive fees and long wait times to clear.

Although slightly Off Topic, Localbitcoins volume has dropped to lower than it was back in 2013, I guess it says a lot of the emerging platforms that people are jumping over to, all of these platforms in a way alleviate the burden on the mainnet. But maybe I'm just seeing things wrong

 btc is not only used by a few people but there are so many people use btc   .

 btc is is also a speculative tool and not just its presence  . bitcoin is digital so everything or anyone that can acces the internet can use this btc but still depends on thier countries legality if btc is restricted on them or the access to the btc related site is block on them  . to make it low risk , we need it to be stabilize  . to make it easier we need to create a physical version so that dummies can also use it on any ages  .

But for bitcoins to be accepted in more and more markets will mean that there will always be some new customers who will use bitcoins for the first time and let me be very honest, even though I am into bitcoins for years now but every week and month I realize something new about it's functioning and working because when I was new I believe someone could have easily scammed me by double spending and/or sending transaction with no fees.

I think if only there is a platform where we can deposit bitcoins and that platform acts as a medium for example we consider a platform like skrill/paypal where we can deposit from there we use it, I guess bitpay is doing a superb job there but then again you have to verify yourself and then if you are verifying yourself at bitpay I would think paypal is far better!

Yes, to improve the usability of bitcoins, the best way is to spread the number of sectors where bitcoins could be used. For example, now we can transact money instead of banking’s, if people can use bitcoins to buy offline things including online things and can even recharge one's cellphone, that will be a huge plus point. In this way, the usability of bitcoins can be increased.

I think that volatility is a massive factor but along with that I believe the confirmation time is one thing that irritates me a lot personally when I am doing bitcoin transactions. I mean yes it hardly takes 30 minutes but would you prefer paying at a coffee cafe and then waiting 30 mins while they confirm your payment? Absolutely not!

Then another problem I see is the buyer's protection because of irreversible nature although being irreversible and decentralized is one of it's biggest advantages too. I think bitcoins would be best suited for e-commerce purpose and gambling market and we all know how dominant bitcoins has gotten in the gambling market already.

I think that the same global economic structure is heading to migrate towards Bitcoin technology and not only because of the technology it represents but the value of the money that it brings with it, the fact of making transfers from one place to another without the supervision of a third party It is something very big, in addition to everything that is happening worldwide, the market falls, the effect of the coronavirus, has caused more panic in the markets, at some point these markets such as Bitcoin will begin to see how best alternative, very similar as you see gold, I think it is already happening. In every speculative market there are risks, the important thing is to take them with restraint, as the number of people entering the Bitcoin market increases will be reflected in the price of bitcoin, the safest is to increase.

I think that would be hard to deal with, even though we want everyone to know and learn about bitcoin, high risks would always be there no matter what. Maybe we can start endorsing bitcoin all throughout the world by taking advantage of the circumstances of the current spread of coronavirus. We can start donating money but in the form of bitcoin, it would make a huge noise for sure as people start wondering how can they use it without knowing that it can be converted into fiat. As curiousity hits them up, it could be a turning point for them to try and learn about bitcoin which may lead for them to invest on it in the future as they get impressed of its features.

Increase the use of bitcoin we can do by making many merchants accept payments with bitcoin. But the obstacle not all merchants can
do this, because there must be permission from the government to be able to accept payments with bitcoin. I have not found a way to
increase the use of bitcoin, other than making bitcoin a payment tool.Then have to make bitcoin becomes a global currency in order to
increase the use of bitcoin. The first step to be able to make bitcoin more useful and able become a global currency by promoting bitcoin
to all people in the world.

There is nothing like designing bitcoin, it’s all about the wallet you’re making use of. There are wallets that has simple interface and make things easy for newbies to understand and there are others with complicated design and only good at making things a bit more difficult for them. So, it’s all about the wallet you’re making use of. There are already good wallets that are recommended for newbies like Coinbase. In terms of risk, there is really nothing you can do about that.

But, as time goes on and lots of people begins to join the bitcoin market, the market cap will grow and the market will become less volatile I guess. So for now they can only be investing what they ca afford to invest and nothing more. There is nothing you can do about the risk.

i think that nowadays bitcoin has become more of an investment rather than a payment method, people treat it as if it was any other asset in the market they invest their money in it in order to get profit and they rarely use it for payments, and that is not the image that the creator has dreamed for it, so in order for it to change we have to stop hording it and and start treating it as an actual currency and start accepting it and spending it in the shops and in our daily lives.

The point is companies have no incentive to start to use any cryptocurrency. Why should they start to play with it? It represents extra work, more accounting, more risks with local laws and so on. All this for less than 1% of their annual total sales? No thanks.
If they were certain, for example, that their sales would increase by 25% in this case, then it's worth looking into it.

Donations? Wikipedia, one of the most visited website worldwide, accepted donations, did you see a lot of noise about Bitcoin then? Nope. I could give other examples like Archive.org and many more. Yet no hype.

Why attracting people to 'invest' on a cryptocurrency? Why not attract them to use it a currency for their daily needs.
Is it funny to tell your friend to invest and to buy abcdshitcoin and 1 month later your friend lose everything. Yeah, I talk abcddhitcoin as an example but it's the same with any currency, it's not funny to give wrong advice to people and to see the losing xx% right after.

Agree, tho, not all of us have the same perspective towards bitcoin and most of us think it as an asset only in the market.
That's why if ever we wanted to improve the usability of bitcoin, we should think of an application where bitcoin is used in our life.

It's like embracing modern technology that we have today since it's an opportunity and let us show that we really admire bitcoin.

How do you "Make" a merchant accept bitcoin? Dont extort them for it :D Allow them to use it at their own will. It will take time but will happen gradually but not completely.

Governments wont give a direct order that bitcoin is accepted. They will no do that since mainstream fiat based companies will always oppose this. The government is basically a political party running the country. Why would they risk their vote bank?
Its use a trading commodity is also present. While this the major source of exchange of bitcoin it is also growing well with increased risks of exchanges going scam or hacked.

The optimization of Bitcoin's usage is upon the awareness and knowledge of its supporters and spectators regarding the core essence of its existence. Based on the transactions performed at this point in time, Bitcoin enthusiasts usually benefit from its function as a platform for online payment globally and look at it as a form of investment rather than an actual currency that would be circulated in the market to be used as one of the main currency among the existing majority. Due to the fact that Bitcoin is decentralized and its volatility is an evident problem why people can't fully rely on it, it is also the reason why it can't be compared with government distributed currencies and why the adaptation of Bitcoin has been a long and challenging journey.

It is less about utility, more about the trust and availability. Currently for average person, it is still very difficult to get an idea why bitcoin is good and how to purchase it and store it safely

First, that many people regard it as a type of scam, this is true for many kind of high return investments and especially true for very high return investment like bitcoin. To fully trust bitcoin is not easy, people must understand the nature of its design, this requires in-depth understanding of modern IT development and especially the financial knowledge, which most of the people do not have

Then to download a wallet, secure the seed, go to exchanges or P2P platforms and purchase coins, these all require high level of IT skill

So currently you see mainly two type of users: IT experts and traders, since traders do not need to touch the real coin, only speculating on exchanges, they trade it like any other foreign currency pair. That's why exchanges are more influential, they are the portal to bring in most of the users without deep IT knowledge

It's actually fine the way it is. Unlike with fiat currencies which is controlled by the government, bitcoin is backed by the community supporting it, so as long as the community continues to grow and support it, it'd grow well enough to quite usable imo. Even now, there are already quite a few companies supporting/accepting payments as bitcoins and many mediums are being made out there to transact bitcoins straight from the wallets to avoid fees of exchanges.

As for mass adoption of it to the world, well, that would require knowledge of what it is and how it is used. It's a lot to ask for right now imo, especially with how most users of technology is just using them because they have an opinion of it being "fast,helpful,trusted" and imo, these opinions didn't come from themselves but rather came from the notion of others must be using them. If we stay as a minority (crypto community) then it'd be hard to adopt btc to the entire world.

This happens when others are convinced of the value of bitcoin well and buy it and financial dealings with it, as the establishment of new projects based on the use of bitcoin as a means of payment in exchange for obtaining some commodities contributes to strengthening the use of bitcoin and digital currencies in general and I see that this starts spreading in the current era.

I think it's quite difficult to ensure that, especially if the price of bitcoin has high volatility and the rejection of the government as a currency. for now, it's okay to use bitcoin for the universal transaction tool, and people have realized that too. however, to make it recognized, I think it's difficult. some governments designate bitcoin as technological development and give warnings about the risks. so, to make that happen, we can only use it for outside transactions with trusted people, that's a way to reduce risk, and gradually make people use it.

It's all good but we don't see projects end up doing so much when they already promised some of it. Every project that said would enhance the acceptance of bitcoin ended up being a pump and dump of their own shitcoin. Maybe one or two were good but that's almost nothing compared to what failures we have seen.

The use of bitcoin again primarily comes in gambling and trading. So it's mostly the speculation markets. This may change and more merchants may accept it in future.

bitcoin is already recognized . being recognized because its being hated and being recognized because many people are talking about its benefits  . bitcoin can be used by all as long as its allowed on your region and not only trusted people can use it but as well as people that have bad intentions  . we must know if what kind of people we are transacting with because btc is risky not only by its unstable value but risky because once you sent it to wrong people , those people can dissapear and wont return your coin or there is no way to recover it by yourself  .

If common establishments like Starbucks or other coffee shops, and known supermarkets will accept bitcoin, I think that is already good application for bitcoin. Because coffee shops and supermarkets are already part of daily life of most people, it would be easier for them to pay bitcoin if it is available as payment method. However, most of us are still treating bitcoin as investment, in which, someday we are hoping that it will increase its value. And so as much as possible, we don't want to spend our bitcoin.

I also think that Starbucks and other stores that are already accepting BTCitcoin is a good example for merchants to start using Bitcoin. A great advance will depend on the government conditions of each country. Merchants need to take that first step in order for Bitcoin and cryptocurrencies to be accepted. Although we are currently living in contingency due to Covid19. Bitcoin and cryptocurrencies are an ideal means of payment.

There are lots of options we can use bitcoins and other Cryptocurrencies. First use of bitcoin is to send the payment to anybody in world with this new advance technology. 2nd we can use on different websites to purchase what ever you want.3rd option is already going to do some trading. Everywhere we can develop bitcoin as a payment method and use them.
In last we have to used bitcoin as we used our money.

In the real world people still consider bitcoin to be criminals money and something to be afraid of. You cant expect an established multinational company to be accepting and endorsing the use of such a currency. When this happens there will be a lot of chaos from mainstream and thus end up being a bad move for coffeeshops. Its like committing career suicide.

If the public mentality of bitcoin improves then only it is possible.

This changes with time. Currently people sold bitcoin because they need cash at hand to handle the situation. But when the times were better they were into investing more into it.

Probably not, most bitcoins are controlled by a fairly small group of people. And in the field of mining, the indicator of concentration of capacities in a small group is even higher. Therefore, bitcoin can be called conditionally decentralized.

You could do that or you could just start againwith a new coin that learns from all of cryptos mistakes.  Neither are likely to happen any time soon.

I don't think bitcoin or crypto currency can regularized as a universal payment option with this sort of volatility in market.Simple example is nobody does there payment through the shares they have in there wallet,For payment people use Fiat because Fiat is for payment and shares are for investment.Right now bitcoin though it is type of currency but still is used for investment.If you want to use it like fiat two things are necessary
               1) Low volatility in market just like it happens in fiat correction like -+0.2$ etc
               2) conversion of bitcoin in fiat should be banned
Due to its volatility if someone purchase anything of bitcoin 0.00001BTC=2$ but after 2 min market jumps 2$ worth btc becomes 2.5$ dollar than buyer won't be happy and vice versa can happen.
These are points which i feel are creating obstacles in making bitcoin as universal currency.

Hmm... 🤔
The only way in which it can be made for usage with low risk is risking what is small. Your time, your money, etc. Risk what you can. Don't spend the whole day on it. Just give out some hours. However, if it's about making transactions, building that would help bitcoin as some people can find the basic interface as a reason for getting into crypto.

This is an assumption without proof and using this possibly false assumption some nocoiners have based conspiracy theories which again never became true. Thus it is largely possible that the assumption is false and the individual conspiracy theories can be debunked easily using other logical reasoning.

Another wrong use of words to point towards a central control of bitcoin. Miners never controlled bitcoin. They have only been the agents with the power to mine the block and secure the network using their device's hashpower. For that they get a block subsidy.

If you want bitcoin to turn into a universal currency payment then you must use it more often or recommend it to someone that wants to start investing in the cryptocurrency world. Technically, this will trigger them to open an idea about the crypto world and how to earn real cash using digital money. Sharing to others is the key!.

can anybody tell me how to make money from bitcoin

We can improve the usability of bitcoin and make it one of the universal currency payment system by inviting and convincing other businesses and stores to accept bitcoin for making transaction because it would inspire other businesses and stores too if they heard that a lot of people had been using bitcoin for their daily lives.

I'm interested to see what Square come up with. Jack Dorsey is funding a lightning network development kit. That could make a big difference in new apps and UI.

https://medium.com/@squarecrypto/what-were-building-lightning-development-kit-1ed58b0cab06

As for vanilla Bitcoin I'm not sure I'm objective enough to know what needs doing. It all looks relatively simple to me. There are certain things that will never, ever change such as the lack of reversibility and responsibility for your own keys. If you can't hack it then third parties may do some of the heavy lifting for you. I expect this to increase over time.

It seems to me that for a simple person it will not be a problem to use cryptocurrency, but the real problem will consist in ensuring that a person can not only follow elementary rules to keep his cryptocurrency funds safe and sound, since today it is harder to keep your cryptocurrency assets than  fiat funds in bank accounts or in your safe at home.  Any information leakage, especially if an attacker is hunting for your data, can lead to bad consequences.

For the convenience of using bitcoin by a large number of people, you need to do something like a debit card, when you buy from it, you immediately charged a certain amount of btc, previously converted to the local currency rate. But at the moment this is simply impossible, because in many countries cryptocurrencies are prohibited.

Many government official in every countries doesn't like bitcoin. Why? because in bitcoin or what we called 'crypto currency" are the currency that has no taxes that given to the government, because many government officials believed that paying taxes is a way to build many infrastacture that will benefits all the people in the country so that they prefer to use fiat currency. That's why they don't even implement the use of bitcoin, but they not put bitcoins or crypto currency as an illegal stage, it is legal but they don't promote the everyone to use it.

It can improve ease of use and start engaging in the use of bitcoin and digital currencies by expanding the knowledge of others in the world of crypto and increasing legitimate investment opportunities to reduce the risks and not drifting into imaginary promises to double profits with super fast speed only to slow down and educate people on the importance of the digital community in addition to educating them on the extent of strength Digital currency with the possibility of increasing income by trading and investing. Until we reach this level to enable the use of Bitcoin officially, there must be confidence in Crypto and a belief in Bitcoin, in addition to the multiplicity of fruitful projects based on Bitcoin and its counterparts from work. Digital.

You know it is as easy as abc when we recommend solution like this but this is a freak hard when we try to do it, have you ever talked to a man, bring bitcoin to the discussion then he walks away? I don't know man but people these days are freaking afraid of what the technology can offer to help us getting the work easier. Legitimate investments? How can we have that if most of ICO these days are scams? Educating people is not as easy as what it seems, that's my very point. As much as possible even we are just few, we need to attract them with results of the booming market through cryptocurrencies.

Actually to be honest, I really don't see bitcoin or other cryptocurrency can be used as way of payment, it is really impossible for me because it will be hard for everyone if the bitcoin will be used in transactions because it has a feature of being volatile, so if the business let the cryptocurrency to be paid in transactions, they will suffer if the market falls down because for sure the price of the cryptocurrency will suffer too.

I only see cryptocurrency as an alternative currency for fiat currency, all we can do for this is just to convert it into fiat currency, so we can use it to buy some goods and stuffs.

As time goes by there are lots of invention that can be invented every years. We do not know if one day the usage of bitcoins are already nationwide because many transactions are can already happened online like playing online gambling or paying the store using digital money. But before we rich on that stage, there are many struggles to make that happened because many countries are depending on the taxes and if the bitcoin or let we say crypto currency are implemented, it was difficult to the countries that depending on the taxes of their people because crypto currency is a no taxes because it is a digital currency not unlike fiat currencies.

I am looking for what good and bad news update from the world and take participated with invest or sell, many time news from China and United State make bitcoin up and down extremely depend what news updating from both countries, good or bad news. But I like it because I have chance to buy or sell my investing.

I think what its going to take is that "killer app", as so often is described by Andreas Antonopoulos.  What he means by "killer app" is something that makes bitcoin so easy, that there will essentially be no excuses of "it's too difficult to use".  I foresee a day where addresses are simplified and much easier to remember/use.  I have no idea how this will happen, but I think it's something that this "killer app" may one day bring to the table.  Also people need to stop overthinking bitcoin and just try it out.  Too many people tell me "it's too confusing' but never even give it a fair try.   

Where you talked about making it easy for people to use Bitcoin and with low risk, what exactly are you referring to?
Do you mean the volatility of Bitcoin or were you trying to say that the basic use of Bitcoin is a difficult thing? As for the Bitcoin having a volatile nature, there is nothing you can do about that as for now, but I have seen people say that when more investors join the community and as the community keeps going it will become stable.

I am going to wait till then, if possible, to confirm if what they are saying is the truth. And as for making use of Bitcoin, I don't see any difficulties there. There are lots of instructions online for anyone that wants to learn about bitcoin. The problem with some people is they don't do research and ask questions, it's not good.

I think enough work is been done in the improvement of bitcoin technology and its useability, but the challenge is teaching people in a basic language how to use it.

If you are looking for beginners resources in bitcoin,  you can check out: https://uranuscrypto.com/blog/

Security needs to be improved for the usability of bitcoin. Security needs in terms of transactions. There are some people also being hacked and loses their bitcoin holdings. With a safe and secure wallets, people will become at ease and will not worry about their bitcoins on their wallets. Also, faster transactions are the also one factor need to the improvement of usability of bitcoin.

There is already enough security for transactions by the mining process. It is a core process of bitcoin and it is what keep the network safe from attacks.

Almost always the fault lies at the end of the victim, not a problem with bitcoin or its use. If someone downloads unsoliticied email attachments and runs them without checking, leaves coins on exchanges and uses same passwords on different sites then nobody can save their coins from being stolen.

Wallets dont give security. The user has to secure their devices and leave no loose ends.

Looks like you have not been up to date with lightning network developments.

Really yesterday i can say all crypto user you buy bitcoin after some few days you will more profit from bitcoin. today bitcoin is going to moon. You need to learn in bitcoin you may earn profit from it. Actually now bitcoin to usdt pair you need to usdt and btc pair trade in many time. You can follow and need to proper time buy from bitcoin. You can improve your stable money from this system. so we need to learn from crypto market.

We all know that Bitcoin is a  high risk investment and those who are ready to venture I to the market should be more careful on how they trade or invest in the technology. Bitcoin, was created different from what your are suggesting and going by the payment method, using the Bitcoin for payment is easy to use for those who understand the technology. Any investment done in Bitcoin should be an investment that's on a long-term and not short-term.

Bitcoin is sometimes a fire, sometimes water, which is why people are afraid to invest in Bitcoin, I say the simplest thing - Bitcoin is the medium of investing where one goes from Zeo to Hero and one goes from Hero to zero. Fire - Water / Zero to Hiru is one of the main reasons that Bitcoin goes up a lot which I have called Fire, and Bitcoin sometimes drops a lot which I call Water, because if Bitcoin is at 6000 Dollars After 15 days at the Bitcoin At 20000 Dollars! then it can not be called anything other than fire. Again any time there is 1 Bitcoin = 20000 Usd, and that Bitcoin will be dumped over a 15 days period and comes to 6000 Dollars! then this Bitcoin can be called nothing but water. And because of all this, the use of Bitcoin is not increasing, so if I can control this mythical pump and the imaginary Dump to some extent, then I think the use of Bitcoin will increase. Because there are investors or users who are, they are always in a panic no matter what happens, the use of Bitcoin does not increase. It is my opinion Thank You

Low risk is kinda not applicable though as we all know that volatility of the market is what made it a risky investment, and I also don't have a clue what the OP is trying to point at.
I don't think that people should be worried too much about the volatile nature though. Although BTC crashes uncommonly, it still never fails to get back up

First step towards crypto adoption is start paying bitcoin from yourself first.Spend bitcoin if there is way to spend it by this people can realize bitcoin can be used to buy anything since most people think that it is used for gambling and for illegal purposes. ???

The main reason for the increase in the use of Bitcoin, the main reason for the decline, is that the price of Bitcoin does not settle, because the price of Bitcoin becomes so intermittent that people panic, now auction someone has purchased a Bitcoin, when the price of Bitcoin is at 10000USD Now, if his Bitcoin comes to $ 6000 over a period of six months now, what does he get as a result? As a result, he lost 4000 Usd a month, now if a person loses 4000 USD a month, then that person's mind will lose the desire to invest in Crypto. So first of all we have to bring the huge gap pump and the huge gap dump first through a rule, then the second reason is security, security is the very importan subject in online investment platform, many customers are afraid to invest because of lack of security online. So we need to launch a security system that can gain people's confidence by looking at the security system, I think the number of users and investors will increase very rapidly in all the Crypto world including Bitcoin.

I know bitcoin is open source, its structures, codes, and applications might be developed by us, if we are willing to take a study in computer science. Because through that, we can create a software and technology that will make bitcoin easier to use and one of idea is to use cards that contains private key and wallet address so every transaction will be faster in just a tap of a card. Well, that is too far from right now since bitcoin and blockchain systems aren't included in our curriculum, so I needed to study in separate in order to accomplish it.

Promoting of using of it especially by big business, securising payments etc etc will certainly make a big decrease in the volatility and a stabilisation of the market
What will certainly encourage adoption in mass in every aspect of

Luckily, bitcoin is now integrated into our well-known online shops. This allows the holder to use it as a form of payment. Any goods or services can be availed through the use of bitcoin. Bitcoin is not legal but not also illegal in our country, there is no restriction on the use of it. But I prefer storing bitcoin then spending it, it's not practical to use this since it has good potential to increase at any time. it's better to accumulate than to spend, it's not the right time to use is as a form of payment.

But Volatility brings the risk in investing here right mate so the thing is both are the same we are risking because the value is very volatile that can make the price up and down in just a matter of hour or two.
True mate,Making Bitcoin circulating is one factor to improve the usability of Bitcoin and this is our task as crypto traders and holders.it is Ok to hold but also use Bitcoin for transacting .

I dont think there are any blockchain tech companies to invest in. Buying bitcoin does not mean supporting the tech behind bitcoin, you might have understood something here. Blockchain is the technology running bitcoin and is being developed by many tech companies but no single company is having monopoly over it. Care to elaborate what you tried to say?

So you mean you need to teach the merchant about blockchain and how bitcoin works first? Maybe tak it slow and let them learn on their own. It is tough to understand every mechanism but in simpler terms one can explain it to them. Tough one needs to be careful here because trying to explain how bitcoin works bring out some questions which no-coiners ask like "Its too volatile, its a ponzi" "Is this hackers money" etc - which you will also have to clarify and that is a tough job. ;)

Depends on the trader's goals.

Improve transaction speed. Sometimes i need to wait more than 30 mins for 2 conformations

And despite all of that, merchants and other people are still not using and accepting it.

Despite the pandemic, we are forced to stay in our houses for our safety and we follow safety precautions from social distancing to always washing our hands. Cryptocurrencies are a good way to pay for our bills, for our essentials but still, here in our country, we are not using Bitcoin at all but just other payment methods such as Gcash, Debits and other. A local exchange offers cashback, discounts, and bonuses if they use BTC but still, I can't see any improvements at all. Maybe in time, we don't need to rush.

If we aspect at the part for the millennial generation, the proceed accordingly a great deal is actual good, this decade has made known same noteworthy developments, particularly from outlay developments. Meanwhile, in provisions of helpfulness for broad adoption, numerous personalities tin grow to be banks for themselves without a third party, though it is arduous to be broadly accepted. subsequently for me this is polite enough, little by little but surely. Online shopping trends are plus bit by bit adopting cryptocurrency, the weakness may merely be in the volume, the balance is entirely perfect I think.

For me bitcoin is good enough already. I mean, it doesn't necessarily need to be simplified further because it can be learned fasr by an individual given that there are proper knowledge acquired before using it.

Bitcoin itself can be use anytime and anywhere, I don't see technical problems with it. The main issue I can see here is the problem on adopting this technology. If we really want to see it on the mainstream then we must show our support on it. Embracing it is the only way for it to attain world dominance and feel its power :).

Improve your fee amount :D The current fee for an optimum speed is always changing up or down. So check before you send. It is a trade off with speed vs amount. You can move to Segwit wallets as well for smaller fees. You should also look into Lightning Network and how it works.

If you dont pay the miners an optimum fee you have to wait for days for an transcation to confirm. It will eventually be confirmed though when the network loads reduces and all low fee transactions are getting in line. But paying a higher fee will get you the first class ticket, so to speak. ;D

by offering services with discounts for people that are willing to pay with bitcoin. Also by sensitizing people the importance of using bitcoin in our daily life with clear emphasis on important advantages like low transaction charges and transparency. I believe these are few but not all ways in which we can improve the usability of bitcoin

In terms of being easy to use, it all depends on the wallet that you're using and has nothing to do with Bitcoin itself. There are lots of cryptocurrency wallets out there and some are complicated in design and most people wouldn't understand how to make use of it. There are also wallets with a simple interface and can easily be understood by even newbies.

Most decentralized wallets are usually hard to understand for newbies, but if you check out Trust wallet, it's the only open wallet that I know that has a clean interface. Other wallets that I do recommend people use are the Blockchain wallet and Coinbase wallet (there are still many of them and you can do your research). So being easy to use has nothing to do with Bitcoin.

There is only one thing that will sort this all out, if a country like US will legalize crypto or bitcoin it will bring huge adaption and it will increase bitcoin usability at the same time. Rules and regulation hinders the bitcoin adaption but we are slowly getting there, for sure big companies will jump into it if that happens, if it is legalize on countries like US, china and other countries will follow. Bitcoin is far more better than dollar because of its limited supply but in dollar they keep printing.

at least to date, few governments are introducing prohibitive laws regarding cryptocurrency.  it is very difficult to say that the government prohibits the use of cryptocurrency, but at the same time I would like to see as little negative language as possible and a real understanding of the importance of cryptocurrency in everyday life.  Of course, in the first place, people are scared away by a constant information attack with negative consequences against the cryptocurrency market and I believe that it is precisely these problems that primarily scare people away from studying the cryptocurrency and using it in everyday life.  and control of the cryptocurrency by certain structures and companies will increase the security of the cryptocurrency market and reduce the amount of fraud.

You basically can't physically touch bitcoin or any other cryptocurrency for that matter. And due to COVID-19, we're trying not to use Fiat (paper and coins) as much as possible.

But although we've been using plastic, checks, wire transfers, etc. ever since, they're all basically still using different fiat currencies via different ways of convenience. And cryptocurrency hasn't really bridged the gap quite yet, to combine that ease of use and convenience yet.

So, what if we can merge or combine the use of a cold wallet (which basically holds cryptocurrencies only for now) with the ease and convenience of plastic, but create a totally new hybrid instead (wherein it's a hybrid traditional plastic card with a chip but it's also a miniature form factor version of a portable USB cold wallet that's more secure since it has the capability to still connect to a remote back-up version elsewhere via a secured cloud blockchain server).

Either way, they're just my futuristic thoughts about the matter.;D

We can hereby improve the usability of Bitcoin as well as the other cryptocurrencies if people will get into recognizing its importance and existence as well as they will get into adaptation of those cryptocurrency to get into a massive maximal usage. If this will happen, surely people will get to know how when, what, why and where they can be able to use Bitcoin. With the experience from the people using it, we can hereby extract suggestions that is considering the needed improvement from the users to be able to make them easy to access and use Bitcoin and other cryptocurrencies effectively like the regular currency we do have. Adaptation and having prior knowledge is the key and will be the trigger for us to better know how we can improve the usage or usability of not just Bitcoin but as well as the other existing valuable cryptocurrencies in the market.

I would like to point out, that 2% population statistic only came about from the rate of innovation and introduction of utility since Bitcoin's conception and the urgency that some of those people have for a new currency. These people are not using it as a luxury.

I think volatility (noise) and drift (movement) of Bitcoin's price are two real research questions. I am not a economist. But my novice understanding would have me believe that some factors that contribute to the volatility and drift are:

• The relatively small amount of liquidity (trade volume)
• The concentration of Bitcoin with whale traders
• The almost monolithic use of Bitcoin in speculation based applications
• Shady exchange behavior which contributes to the barrier for institutional investment

I think that the base technology is maturing. The Bitcoin Protocol is solid af. Lightning Node Network is a major step in my eyes for bitcoin to be used casually in everyday transactions. Which steps it closer to mainstream use of its first application (currency).

Towards optimizing:
I feel that eventually the above issues will dissipate over time. But introducing infrastructure that makes Bitcoin easy to use will greatly help for mainstream adoption. Off the top of my head, I envision a future, where every home will feature a little home server. This home server will host:

• LLN hot wallets of the residents in that home (equivalent to a transaction account for spending)
• Bitcoin wallets for the residents in that home which are able to top up the LLN hot wallet (equivalent to a savings account.. for saving)

Then on a portable device (phone or some other specific device that fits in a wallet), client side software will provide the ability for the owner to spend via the associated LLN hot wallet. The client side software will provide security features like adjustable maximum spend per day, etc. The server side software will:

• Conduct record keeping of transactions on the LLN hot wallet
• Manage opening, closing and connecting LLN hot wallet to LLN
• ensure that Bitcoin does not accumulate in one wallet (distribute to multiple wallets)(based on rules applied by owner at setup)
• Will manage some form of RAID1 data redundancy for Wallets (perhaps stored, encrypted in other peoples home servers.. hmm, don't know, risky).
• Allow multi-sig Bitcoin wallets (joint accounts between people)

This type of innovation, in my belief, will encapsulate people from dealing with the nitty gritty of bitcoin blockchain back-end infrastructure. It would lead to more adoption and variation in use cases. It would bring Bitcoin into the home and the applications can grow from there. Like asset management, automated accounting services (i mean just imagine, not having to deal with paper receipts... IMAGINE!!! ). Imagination is your ceiling really (just watch out for the serrated steel lined ceiling fan which is governments having misconceptions about Bitcoin and central banks defending market share).

thats a good and strange news at the same time  . good because those countries finally join cryptos , strange because if not because of covid 19 they will not announce a news like this  .   what are you worried about  ? the control of govts for crypto or the regulation  ? we are all worried so please calm but until now people are still here so dont worry too much  .  existing crypto users feel a bit scared too but this does not affect the performance of cryptos or the peoples ability to profit

That is one of the major problem in bitcoin, it is not legalized in differenr country yet it is also not illegal. Somehow, people always manage to mine bitcoin eventhough what situation is they in. Wayback before bitcoin is not that famous to many people, and some people are using it and some doesn't want to belive in it. Many people didn't expected that bitcoi  will be famous and goos as it was today. They hold bitcoin yet they didn't keep it and forget about it. The usage of bitcoin wayback is not that high but as the year passed by, bitcoin surprassed everyone by its own improvment in terms of price. Many people now want to earn and mine it and many want to gamble it.

To improve the usage of bitcoin, I think one of the best way is to advertise it and explained not just in the government but all of the people the advantages of bitcoin. Fund some research on how bitcoin will be more improved. Take care of the price of bitcoin and always consider things in mining. Bitcoin isn't just a cryptocurrency but it is a digital currency that will helps us to more improve and be a better world someday.

I think bitcoin providers are trying to ease in the existence of bitcoins. Although bitcoins have become of big help to many of us, many of us still see the physical money as more convenient. Not everyone knows exactly how to use them, some are not trusting of the said currency, some are not equipped with gadgets to be able to use them and some are too old to start learning how to use “money” again. Physical money has always been the mode of every payment. The younger generation might adapt to it easily but the older generation might not. In this case, it may even cause a lot of confusion that may result to several delays, instead of a person handing the money now and getting their purchased item immediately. What if you need to buy something now and the system is down or non function right? There is so much potential in bitcoins but it would always depend on the person using it.

The improvement in Bitcoin usability will happen but must begin with its adopters now. Cryptocurrency and Bitcoin adopters understand the concept and are the best people to integrate it into their payment systems. This is what will expose it to customers and clients who know nothing about Bitcoin.

We do not have to bother about how to improve bitcoin usability, and bitcoin is the universal currency already because cryptocurrencies are easy to use and bitcoin is the first of all cryptocurrencies with 67% dominace. Even, many leaders that even some which to remain anonymous are now holding bitcoin, while some are trading it. So far bit in has grown so fast, it will still grow more even before 2030
 And as now, there are more than 7000 bitcoin ATMs in the world which is increase year after year.

There is really nothing you can do about that, you can't change the volatility of Bitcoin. When I started newly I still had to battle with that, but it didn't discourage me from making use of Bitcoin. My main purpose when I discovered Bitcoin was just to use it as a means to receive money for the work I was doing. And I was not the type that likes to withdraw my money immediately to the bank, I usually stored my money in mobile wallets like this.

PayPal wasn't available to me, I was using Payoneer and Bitcoin was another means that a lot of people were beginning to use, so I got on it. Despite that it was fluctuating up and down I still took the risk and was keeping my money stored in it. No one was talking about bull–run then, and I wasn't even expecting that, I was just saving my money and all of a sudden. So, I don't think volatility can stop anyone from using Bitcoin. It's all about choice.

Its not that easy as it sounds. We have so many mainstream competitions like Apple, Gpay and others who are willing to take part in high speed secure transactions system development and have working products for such transactions.

Try comparing those with bitcoin and you will see a big difference. I am hopeful that with time bitcoin usage will increase too but that will not happen overnight but rather slowly and gradually.

Still you cant force people to use something. You need to show them what they are missing out and why it can be helpful. Only them bitcoin adoption will rise apart from the fact that governments may crack down on its usage then it becomes a no-go.

To improve the usability of bitcoin, the government must accept the use of cryptocurrency in their economy first. In order for us to help the legalization of crypto, we should continue using bitcoin in transactions that we are doing. We should also invest in cryptocurrency and let the people notice that bitcoin can really give you profits and it is useful as a business.

It is really hard to see the future as there are still countries who don't want to regulate cryptocurrency in their economy, but as an optimistic bitcoin fan, we can make it happen. Nothing is impossible in bitcoin that's why we just need to work hard so that we can improve the volume of people using cryptocurrency and the usability of bitcoin towards the economy.

As a newbie in  crypto world.l, I've had to wait a while to see if it's a bitcoin project is legit. Being a newbie I don't understand many terms about cryptocurrency so it would be nice if we could improve the technical terms of bitcoin. Like what is e wallet, how to make a bitcoin process and make it easy to understand. Let's not use a complicated word. We can optimize bitcoin if we value its importance to an individual or family. What benefits it has and what do they have to face to become aware in this crypto world
If the people are more aware in this crypto world, then it is possible to anyone to know the technical words, the use and process of the system about bitcoin.
Companies  think that they might lose because many people aren't aware of bitcoin. So If people are knowledgable about bitcoin then a lot of company will use cryptocurrency without spending too much money.

First this is just my opinion and for me maybe bitcoin will not be a one or central currency around the world because if you take a look, clearly there are so many cryptocurrency which is more faster, easier and also safe than bitcoin.
Second to help improve bitcoin usability i think we need to communicate to the government to push bitcoin usability to the public in that way more and more people will use bitcoin and it will create a low risk to all users.