Bitcoin Forum

I believe the mass adoption of crypto (I say crypto and not Bitcoin) will occur when there are central banks in the final 3 countries who are resisting.  The 3 countries are Syria, Iran and North Korea.  Iraq and Libya also did not have a central bank however they have now "seen the light".  I believe war and sabotage will rage in the reaming 3 countries until they finally fall and a central bank is ushered in.

Once all countries have a central bank in place I believe the world currency will roll out.  I believe this world currency will be crypto in nature (not paper) and I'm leaning to a world government type coin over Bitcoin at this time however I leave open the possibility Bitcoin is the chosen one.  There will be a false flag event or a economic collapse which will have the people begging for this currency.  The people will beg for it.  That part is important to the puppet masters.

The issue with this world currency is your wallet will be connected to you.  We will talk of the good ole days when you could head over to MEW and get 400 wallet address when ever you wanted.  These wallets will be controlled and your identity will be attached.  This is why KYC is dangerous and setting a horrible president.  All other forms of transaction will be made illegal.  Once this is in place the new power structure will be able to see every transaction and analyse it.  Your taxes can in effect be done for you at this point and there will be no hiding.  It will be the perfect tax trap.  Children can be taxed on gifts.  This can and will get extreme.

I do believe there will be a privacy coin that will be able to be used such as Monero.  The government black op agencies will need to launder the money some how and a rogue privacy coin will most likely accomplish that.  Hopefully we can hide among them using this currency.

I fear a evil plot concerning Bitcoin and crypto that I don't see talked about much.  I love the technology and use Bitcoin and Ethereum to pay for 5 of my monthly bills at this point.  So I 'm a huge believer.  Just paranoid.

Crazy theory or real possibility?

I live in the forest in northern Canada waiting for the economic collapse so I may be a bit crazy.  Keep that in mind.


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Syria:
http://cb.gov.sy/ar
Iran:
https://www.cbi.ir/default_en.aspx
North Korea:
https://en.wikipedia.org/wiki/Central_Bank_of_the_Democratic_People%27s_Republic_of_Korea

So....where is my mass adoption?


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http://www.tacticalimports.ca/gm6-lynx-p-3.html
is legal in Canada.
Get one, it will help you calm down a lot :P

This is a bizarre way of looking at it. While others are thinking that the most aggressive crypto adoption will occur when the central banks of countries will slowly dismantle one after another, here you are thinking of the complete opposite, that when every country in the world will have its own central bank, mass adoption will take place. I simply don't understand.



This is highly unlikely. Even a single government choosing a completely alien currency to be their national currency of choice is hard to imagine. 


I tend to agree on this. But people will always find a way to get around tight policies and measures. Bitcoin is in fact born out of it.

And this is the most scary part of your analysis.  :'(.
Most Exchanges now requires KYC for some certain amount of transaction and one day, they will turn all our data to the government and crypto will become centralised. Even a decentralised exchange called IDEX implemented that which shows that this space is starting to require ID verification for most things that we do.

Firstly, there is no need to talk about North Korean. The UN has already declared numerous issues against them, and thinking their opinion is valid in the acceptance of crypto-currencies is just frankly stupid. Syria, and especially Iran make sense, as these are pretty powerful middle-eastern countries that will actually have an effect against the acceptance of crypto.

They haven't been very forthcoming with crypto-currencies at all! Iran and Syria have not made any changes in recent years, and whatever you are referencing is incorrect. Although, I still think the world is going to be able to move on with newer technologies, even if Syria and Iran don't agree with this new tech.

I just hope the purpose of crypto which is elimination of third party interaction is sustained at the end of the day no matter the amount of government blackmail. If Idex which is a decentralized exchange could begin to demand for kyc, i wonder where the concept of decentralization stands.

Those three countries are authoritative regime and I don't that it will suddenly change in the next five years.


Monero has been delisted by some major exchanges, so criminals still prefer bitcoin, sad to say.

Well the plot is still ongoing up to this time but I believed that bitcoin has shown how resilient and even though there are 'evil plot' as you describe it, they won't succeed.

So you just want a centralized currency which is "not" bitcoin but some other crypto currency. In other words, you just want to get rid of paper currency and make everything digital? Then whats the use? There already exists digital wallets like Paypal. I don't see any benefit of having a centralized crypto currency system. In a centralized system, everything will still be under the control of the government, thus nullifying the real cause of crypto currency which is financial freedom!

What are going to be scared of? We need not to be worry all about if we're doing legit intentions with their exchange site. KYC just taking our legitimate identity as proof of existence. This prevents any possible scammers to come and trade with us, and become their potential victim. If this will bring good results for everybody, I think mass adoptions will follow because it increases demand and interest from new comers who desires to use crypto for their daily trading.

I think that mass adoption can't and won't happen unless major governmental entities make efforts for the average Joe to be properly educated and setup for mass adoption. As of now, a regular Joe wouldn't really care for Blockchain technology or cryptocurrency because others average Joe's aren't really talking about it or using it.
  Try explaining Bitcoin to my grandmother, and she'll tell you if the local politicians and governmental bodies, or banks aren't supporting it, it's no good to her. But if you give Bitcoin and Cryptocurrencies a huge platform like PayPal has with the Ebay collaboration, it could work exceptionally well. This is why I'm in support of Facebook's Libra platform. It might be centralized but it could work, because of Facebook's global reach of the people.

People in Syria and North Korea are just too desperate to even consider bitcoin.

Syrians are trying not to get killed - finding an exchange where they can buy bitcoin is not on the top of their agenda. North Koreans are extremely poor and cut off, they don't have enough electricity in their country to be able to go online, let alone use an online currency like bitcoin.

If adoption happens, it will come in the second tier countries. They're stable enough so that people can earn the money to buy bitcoin in the first place, but also corrupt enough that people don't trust their govt or currency and are looking for alternatives like dollars, gold and bitcoin.

This is an illusion. Half of population in the world is not using internet, many of them still don't have electricity at all. Not to mention education and digital skills. I think that cryptocurrencies will always stay a privilege of certain group of people although that is not general idea and it's not good.

Cryptocurrencies could potentially achieve widespread adoption, but achieving this milestone will require them to overcome several key obstacles. By surmounting these challenges, digital currencies could make themselves far more appealing to users and investors while also creating a better situation for everyone interested in the space...

Mass adoption of crypto could be possible but for now its not really that huge yet. There are still government regulation issues and its not yet quite adoptable to everyone. Well, its really challenging especially on the part of the government because it will change the normal activities but eventually its for the betterment. If the said countries (Syria, Iraq and Noth Korea) are interested with it then who can resist them anyway. If that is the case, I think we need crypto governing bodies for that matter. The more are involved, the more monitorings and regulations to be implemented.

And you think that Monero is the solution to this problem? Cause I don't think that Monero could help.
Mass adoption can't be real, we can't disclose to a certain thing that fiat would still exist and even used by the majority. Crypto isn't really in much appreciated by the community instead, they keep thinking that crypto it never contributes good things to us. 

May the government regulating bodies will have a big role for this and to acquire such adoption for they will change their mind and see the good thing with the use of crypto. 

Oh gosh. The disillusions you have. They can't even get giving parking and speeding fines right how on earth will the government manage this? Do you have any idea how much manpower doing this will take? There is not enough manpower. If we can't even deal with the war on drugs do you think anyone will be able to monitor crypto? Using your KYC to get a wallet it crazy. My country will tell America to !@#$ right off if they want to start their shit. We not exactly over the moon about America anyway. These are American laws. Only they are insane enough to pursue such crap and hound you down. If this ever happens then we all lose our freedome and people will rebel. I will rebel. I won't sit and take it. They basically taking away your life. I'll fight for my freedom even if I must die for it so good luck to any government passing this shit.

Which central bank is accepting BTC with open arms? I think non in the world.
Banks are centralized financial institutes while BTC is decentralized financial system. In order to have mass adoption BTC has to win the war with all such centralized bodies.

if that happens, bitcoin will be cheap, and we don't know what cheap it is, I'm not sure to say it !!

Hong Kong does not have a central bank. Its currency is managed by 4 large private banks. Of course that has nothing to do with anything, Central Banks are needed for fractional reserve banking. Sometimes they are also put in charge of the national currency, but that is optional. Countries can use another country's coin, but they still need a bank for the other banks to mitigate bankruns.

Bitcoin is already on the path of becoming defacto world's currency, its one that can be accepted anywhere.

The economy can actually collapse world wide, if some event makes people withdraw their money simultaneously. Thanks to the legalized ponzi scheme known as fractional reserve banking, more than 90% of the money does not exist anywhere.

The world is too far from having a world government, but it DOES have a world bank... That can buffer the other central banks from bankruptcy, should a bankrun ever occurs in a whole country (ie. a War).

Bitcoin is deflationary, and this needs Austrian economics. Therefore, there is no need for central banks, as the Austrians don't want fractional reserve banking anymore. For this reason Bitcoin reigns over inflationary that lose their purchasing power over time like eth.

Controlled (centralized) "crypto" by government you can already see in my country, and apparently soon in China. It is as you say, one address per person, and the only wallet is their online wallet in their central server. This type of garbage crypto will not occur on a worldwide level, there won't be a world government issuing one, its not possible the governments won't ever agree on terms and some would object the thing entirely.

There may be some national "crypto" coins, maybe even a wide region € like crypto coin, but nothing more.

You don't need to worry too much, it is very unlikely that bitcoin is no longer feasible because I think bitcoin will still be valuable because we know that bitcoin has limited inventory, because as far as we see today every asset with limited inventory will always be valuable like bitcoin and gold, although the world will later launch their crypto which can be controlled by the government and I believe it is only for their benefit through taxation.

if you see the 2017 we will find a number of investor coming to the crypto market space and their investing where is amount of fund in various coins.
but presently there is no such moment and investors whoever looking to invest also trying to concentrate on new coins aur they were coming up with the new projects and new coin to make the money for themselves follow it is not completely good for the crypto market.

This is nuts, there's no global conspiracy by central banks to take over the world, that's just ridiculous. And even if this crazy theory was true, why would they need to wait until these countries that supposedly don't have a central bank establish one? They could roll out this global coin just fine without them, who cares about some small countries not being ready for it?


This just sounds like the plot of Mr. Robot tv show.

You don't even know what you're saying, the three countries you have mentioned here all have their own Central Bank, so where did you get this information from?

Iran has its own Central Bank and it is called Central Bank of the Islamic Republic of Iran.

The Central bank of North Korea is called the Central Bank of the Democratic People's Republic of Korea, while the Central Bank of Syria is located in Damascus, so this information you have here is 100% wrong and they have nothing to do with bitcoin adoption as you have said.

If the right time comes for Bitcoin and cryptocurrencies to be adopted, that would happen for sure and it won't be stopped. But I don't think it's going to stop the use of paper money. There are people who are not yet into technology and they wouldn't be able to make use of cryptocurrency. Banks are already looking into having a cryptocurrency of their own, and China will soon release their own cryptocurrency.

I also don't see any connection with the countries mentioned by OP to the mass adoption of cryptocurrency. Even if there will be central banks in those countries, there is no guarantee whatsoever that they will adopt cryptocurrency and if ever they gravitate towards cryptocurrency I am sure that they will be following what China is doing. Right now, I myself is not so sure what are the real factors that can help in pushing people to really adopt cryptocurrency in meaningful way.

Yeah your crazy.  ;D
Considering the discussion about Iraq and North Korea. You dug too much and you cannot climb back.  ;D
You need some help.

Adoption doesn't take place just because 3 countries wants to accept making a central bank which they already have. (where is the connection though)
Out of how many country, they are just what?  ;D
It might have been considered if we talk about China and Russia.

I don't know why there are some people who is afraid of KYC-procedures in exchanges, when there is totally nothing to be frightened of showing proofs of your identity if you have nothing to hide.Maybe they are one of those scammers? organized group?

Increase in demand and to catch the interest of people is the main reason why there is a mass adoption. I'm not sure about this but I started seeing discussion about mass adoption after the bitcoin hits, did it really trigger of taking over? or it just did because of the price ?Nonetheless, I'm satisfied with what is happening right now, people starts to appreciate the use of crypto, banks are considering of adopting blockchain, so far so good for making it known.

I also wondered, even though the KYC was implemented to maintain security when things were not wanted, for example forgetting passwords, etc. with a note that the exchange really has a good rupture and not a shitexchange that tries to use our identities.
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When the government has contributed, it will definitely be easy to make regulations for this tax. If the tradeoffs are appropriate, for example with secure security, compensation if there are cases of hacking, etc. it would be nice, but who really wants that? I am personally more comfortable with this anonymity, without the influence of the government, at your own risk, it is more fun.

Why are these 3 countries important? The adoption of cryptocurrencies, and BTC especially relies on how countries like the US, and China act towards them, they are the loudest voices and a lot of other countries will simply follow what they do.

Even if those 3 don't accept crypto (I don't know why you are talking about North Korea here, they are a closed economy), and the others do, it'll just end up with them not working with crypto, there's really no big harm..

This is quite an expected situation, I would say, because the central banks operate in accordance with the laws and have strong regulation.
Nobody control bitcoin, there is no regulation and legal protection is insufficient.
I don't think it's ever going to happen that a bank accepts bitcoin deposits or anything like that :)
Bitcoin will remain great alternative to the fiat and for ordinary people this will be enough.
I don't care about banks and their losses due to the emergence of bitcoin.

Yes, I also don't really think about complicated things like that. Whether it will be legalized globally or not, as long as the state allows it even if the government does not provide any collateral, as long as we have full control over this asset. As long as we can take profit, why not?
It's just that, for most lay people will feel safer if the government has taken control, but some others feel normal and just want to be free. All depends on the choice of each.

It is still depending on the market condition when investors will go come again back to investment in crypto. Especially if there are good updates and promising projects that will surely provide the biggest ROI in the market. Though, what we should establish is for them to utilize trading in different exchanges so even if there are no projects yet available to invest, they can trade and utilize cryptocurrency.

And for us small unit investors or crypto enthusiast, small transactions using bitcoin will surely help in mass adoption of cryptocurrency.

The only way for a mass adoption of crypto on the current days is that everyone accepts it equally and in a legal way.

You can not predict that due to those 3 banks anything can happen. It is rather a mather of social political decision as a sum of every government.
Take for instance those countries that already accept it, they had to make it some kind of legalization before so it can not fall out in wrong hands and everything will be safe for that specific country.