Bitcoin Forum

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology.  But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

I couldn't agree more with you that there is still a big gap between the intricacy of blockchain technology and its widespread usage.

I think Making the blockchain technology more user-friendly so that humans can interact with it more easily could be one possible approach. Another is spreading awareness of the advantages of blockchain technology, including its decentralization, security, and transparency. Lastly, I believe it's critical to support the creation of practical blockchain applications, like supply chain tracking, identity management, and other use cases.

Simply the need for it, and better UX.

People in countries with shady governments and broken economies have higher likeliness of using Bitcoin and stablecoins. Most countries are simply in not that bad of a situation so they think they don't have the need to use them.

1. Money
If they don't have money, how they can buy Bitcoin.

2. Education
Many people are easily get scammed because they prefer to invest their money in cryptocurrency aka altcoins instead of Bitcoin. They trust more in centralization than decentralization because they got brainwashed. This is the hardest part.

3. Religion
There's a religion say intangible asset is haram/forbidden.

One of the major reasons for Bitcoin adoption by the mass is it's own complexity. Bitcoin usage is not really very easy for non technical users. The users need to understand couple of things before they can really start using Bitcoin. Also structured financial industry like banks have been spreading false information about Bitcoin to their customer base. I have personally received multiple mailers from my banks about Bitcoin and how big scam it is. Such emails sure do have some negative impacts.

Right now the biggest road block for Bitcoin's adoption is its transaction fees. Unless and until this issue is resolved, it's very difficult to convince someone to use Bitcoin. This needs to be solved on highest priority.

What I sense about people still having a cautious approach towards Bitcoin and cryptocurrency at large is that, in some country around the world, they are not getting the right information about the Blockchain technology, most people still sees it as a ponzi scheme, and the one that have small knowledge about it have not even tried it, they will just conclude that if they put the money in it, they might lose it, without being aware of the advantages attached to it.
What we as Bitcoineers have to do is to spread knowledge about Bitcoin and cryptocurrency at large.

I just believe that if people are more enlightened about Bitcoin, their will be more adoption in the society.

Well its not like werent gonna be there but the adoption really takes time especially that its bound by restriction of the law. How is that? Some countries dont want to be associated with crypto and thats like a boundary betwern adoption of crypto. People inside this area are doing it but with certain rules they cant maximize it or spread it around it. So as long as there is a line between it might be hard to fully implement a full crypto adoption.

Except the elderly who are basically always find difficult to learn new things, adapt to new technologies. Other people in society can easily learn about blockchain and they even only need to learn basics to use blockchain.

They don't need to learn advanced knowledge because to use a blockchain for fund storage and transfer, it's easy and only need basics.

Stop creating useless and scam cryptocurrencies and scam projects, the mass will have more friendly view on this industry and we will successfully to attract more people to it.

I and you don't like scam, don't want to lose money so if we see this space is very scam, we will not join it.

It is true that the entire mass hasn’t adopted the blockchain technology. However, if you look through each and every year, you’ll see that bitcoin and cryptocurrencies at large has been growing and reaching more people. All these trends around cryptocurrency still boils down to even more adoption. So I really think that we’ve been doing great. You also have to consider that It’s the adoption that has given it its current value. Little by little, we will keep growing.

User-friendliness and education drive mainstream acceptance. I think streamlining the UI is essential. Complex wallets and trading systems scare many. Simple, intuitive interfaces can change everything. Smartphones revolutionized tech use through simplicity!

Then, there is education. We must explain blockchain and crypto. Bite-sized, easy-to-understand educational content can help bridge the knowledge gap. Community-driven initiatives, maybe gamification, might make crypto learning fun and informative.

Showing real-world applications is crucial. People must see crypto's daily applications. Showing real benefits can boost acceptance for online purchases, foreign remittances, and inflation protection. Early adopters contribute to this story

Just make the world or your country a more internet friendly place for all and make it a priority for all citizens in the country to learn about the bitcoin technology. In no time, you’ll see many adopters of the currency as they will want to make good use of their internet knowledge to earn themselves a means of livelihood which they can get through bitcoin investment. It is very essential to also make it user friendly, from the UI/UX interface of it while interacting with people.

I think that a lot of people are scared of managing crypto. But you can't eliminate some things, like irreversible transactions, and needing to keep your seed phrase or wallet key safe. Holding on an exchange doesn't count, it's not your Bitcoin then.

We cannot influence people to use Bitcoin unless things are made easy and Bitcoin should be easily accessible by everyone. If a new person has to use Bitcoin for its core uses like P2P transfer without involvement of third party.

But now how would you explain newbie about the transfer fee which is higher than the actual amount itself if you wanna send lesser amount? Also there should be educational campaigns and seminars but who is going to take the initiative?

I feel we cannot ask people to adopt Bitcoin as a decentralised P2P transfer medium due to the complexity which occur during every bull run when it comes to transfer.

Transaction related issues should be sorted only then people will even think about Bitcoin else why would they leave the traditional transfer method and use Bitcoin?

Without adequate education, it is impossible for the general public to know that cryptocurrencies, especially Bitcoin and the blockchain technology behind it, exist. For example, the country of El Salvador, I once read an article where it was written that almost 95% of the citizens of El Salvador know Bitcoin and have tried making transactions with it, from here we can see that the government in each country also plays an important role in spreading knowledge about Bitcoin.

However, in many countries, their governments don't seem to care about the development of cryptocurrencies, they seem to refuse to teach Bitcoin to citizens but only take tax money from crypto platforms such as exchanges (like what is happening in my country lol)

Absolutely correct. Super power nations don't want give a reputation to crypto as the broken economies .

Yep, Strong economies don't want cryptocurrencies but they may get tax money from who are got involved in crypto. :D

Yes, Managing crypto is a challenge compared to fiat money.

But It will take a long time. Current pace is not enough for the current generation. may be next generation will get the full benefits of them.

Well, we can't push the adoption of bitcoin. Yes, we can spread things or ideas about bitcoin, but we can't guarantee that everyone who listens to or reads about it will be interested in it and will spend time and effort to know about it. This is a common problem with other people. When they have an idea or knowledge about bitcoin or crypto currency, they will be held back because they heard about the complexity of this field, and the investment is long-term, so they will be wary about what will happen to their investments or if their investments will have a profit or not. But we can still do our part as spreaders of this wonderful technology, but we can't ever hope that all the listeners or readers will have the interest to adopt or learn about this bitcoin or crypto currency stuff. Anyway,  in fact, there are more establishments or businesses that are slowly adopting bitcoin or the payment mode through crypto currency.

- "Sell me this pen."
- "Do you need a pen?"

If the masses don't feel like they need cryptocurrencies, then they don't have to enter. The entire bet is that sooner or later, the need will arise. Cash is likely to be banned by the next year(s). Adoption rises. Second layers rise.

I think many economists in the world still don't know what blockchain technology is and how it works. So how will masses accept it? It requires education and knowledge. For example, the banks of our country want to adopt blockchain technology but are not yet able to bring it due to lack of sufficient knowledge about it.

Big Banks owners don't want this blockchain technology and cryptocurrencies. I think you know what I meant. They can't make profit if the public adopt the cryptocurrencies and banks system. blockchain technology abolishes the middle man. That's why I love this amazing new trend.

I think we cant persuade people to even put their attention to it if they are already close minded. In our country, fake news is very widespread so aside from people who are getting scammed, there are also some scared to invest. I think to capture people's attention and make them curious about Bitcoin is essential like focus on creating engaging and accessible content. Social media campaigns, influencer collaborations, and community events can also play a significant role in sparking interest and fostering a sense of excitement around Bitcoin. By presenting Bitcoin as a dynamic and accessible opportunity, more people are likely to become interested and open to exploring the world of cryptocurrencies.

just government regulation is enough for people to think crypto assets are real currency that they could use to purchase products online. with regulations,  the government acknowledges the existence of crypto and that they are useful.

they however couldn't fully do all these because there is a threat that anyone engaging in crypto could be accused of connection to terrorism due to reports about funding Hamas and the likes.

If you expect adoption to be magic, then it won't happen at all. The mass won't be applicable for cryptocurrency adoption since we need institutional and government support. As a general citizen, we are adopting Bitcoin, and we can see the result. Day by day, the number of cryptocurrency users has been increasing worldwide. Still, most of the country stands against Bitcoin and use of any kind of cryptocurrency. They don't believe in decentralisation, where they can't control cryptocurrency. So usually, the government doesn't need Bitcoin; they are just thinking of making their native fiat stronger instead.

Even if powerful nations totally ignore bitcoin/crypto in general, people generally are still unlikely to use it(unless critical/really important) because using bitcoin/crypto correctly is still not the easiest thing ever; especially in a world where we're used to Facebook/Google sign-ins.

I agree with you that advocating bitcoin is actually one of the important things in creating its awareness to people but another thing that still remains like a blocking stop to this mass adoption rate of bitcoin to me is actually the lack of government intervention, aside the availability of people to internet services which is the bridge between some rural areas to the use of bitcoin, government strong restrictions is actually one thing also blocking it.

If the government of a nation actually relaxes it laws against bitcoin or the use of cryptocurrencies at large today many people will turn to it but with them given people mostly older generations wrong assumptions about bitcoin it’s awareness creation will be minimal m

The masses don't need blockchain technology, they need products that are easy to use and give people something that they need. Cryptocurrencies are far from easy to use and they actually don't solve problems that people typically encounter every day. When crypto enthusiasts tell people that crypto is money that can not be seized by government, most people don't see the appeal because their money have never been seized by the government and banks never froze their accounts.

In many countries,binance fake news was spread by the some social media users.It was not the official news,So the trader should wait till the official news from the Binance.By this news,the crypto whale try your valuable coin at the cheap price.So it was the essential important for the trader to bind  their value to make the changes in the trading.The trader should concentrate on the trading principles of buying at the low value.Because many buy the coins whichever at the bear price.But the important thing is that coin is essential important to the trading.



The crypto currency was the welcome one,which replace the demand for the people with less stock knowledge.Many of the cryptocurrency traders are the same and equal background for the trading.The money based traders the important to the trader and he should learn to increase their thought.

In many countries they have adopted the uses of cryptocurrency because currently people is making use of Bitcoin to make payment of their bills in outside countries currently, because I know quite well that bitcoin adoption is now higher than the adoption of bitcoin in 2015, so bitcoin is getting more firm and more influence to the society depending when you understand bitcoin and how you grabbed the information of bitcoin.

I think that as time goes on its only inevitable for increased adoption to happen unless some apocalyptic event happens where we all go extinct or something takes out the internet completely.

The art of selling 101. Sometimes people do not buy what they need because they do not realize how much they need it. If someone asks me “Sell me this pen.” My response would be “Why do you need a pen?” “What kind of pen are you using now and what is the result you’re getting from using that pen?” These are pain points that opens the conversation to problems that they may previously not know they have with their current system. I think the same strategy applies when spreading the word about Bitcoin.

Crytop is on a massive adoptions and a generous and widely spreaded and not just enhanced to streaming of enticements but to let know obviously about the diverses potentials of Bitcoin as not just to attract the public but left the individuals to decide on the bitcoins adoptation.
Moreso, Bitcoin is said to be a lucrative technology and with its nature of diverses, it is then not just for everyone so we can't force it in to the public.

Exactly, as good as bitcoin is we cannot really say it is for everyone since there are many people that will probably never use it even if they were to need it.

So there is not much to do except to keep using bitcoin for our own personal benefit, and this by itself will raise the awareness of bitcoin all around the world and then people will decide to adopt it or not based on their own needs and wants, however I must say that the current level of adoption is good enough, as convincing people to adopt a new technology is not something that happens all of a sudden and instead it is a process that takes decades.

True, these.

But also education. The vast majority of people don't have a clue what bitcoin is, why people like it, and what its used for. They also generally think its a really bad thing cuz that's what they've been told. It's also kinda like the olympics so far, once every four years they hear about it, except the rest of the time they just assume it died and that last bubble was its last breath before death. Until people get that bitcoin isn't going away, and they get that it isn't some bad thing, they won't have any desire to become educated on it. Education of the masses is gonna take decades because there is so much continuing misinformation and irrational hatred of bitcoin in the public sphere, and because as you say, in most countries fiat is mostly perfectly fine so they don't see why something different is needed.

Most people know about Bitcoin, but how to use it is a bit difficult, because there are not too many educational public spaces to get ways or minutes to play, so you can't get a better understanding educationally.

In fact, education about bitcoin needs to be provided in the North for participants to be more confident about how to use bitcoin.

Well, for one thing... Bitcoin developers needs to solve the problem with the congestion on the Blockchain. We had problems before and they developed SegWit and also the Lightning Network... now is the time, where they come up with something that can be developed on-chain to fix this problem for once and for all.  ;)

Mass adoption will happen when everyone can see Bitcoin as a better alternative than all other financial options available to them.. and that is currently not the case.  :(

am not  sure being early adopters after 13 years of existence? well that is still early comparing to what willcome in the next century .

like what you said we are the early adopters  so people are starting to be like that as years and years coming to being adopted.that  is bitcoin and crypto.

We still have a long way to go i mean we have not even made bitcoin more understandable to the general public much more how to use it

A lot of people still have a lot of misconceptions regarding bitcoin or cryptocurrencies in general a lot of them still think that cryptocurrency is nothing but a get rich quick scam but we have to make them understand that cryptocurrency is more than that it requires intricate knowledge backed up with technical skills i think we should definitely start with trying to relay the correct information regarding crypto first and then go on from there

It depends on them because they are the ones who decide to adopt blockchain and crypto technology. They will not do it and watch if they think they do not yet need blockchain and crypto technology.
However, there has been progress in the adoption process because crypto is now more developed than it was a few years ago. Indeed, crypto has yet to become mainstream but it's only a matter of time so we still have to be patient.
With the internet making things easier for the public, it should be able to help people find the information about crypto they need. From there, they can start to understand crypto and see how crypto opportunities can help them.

The education level should be emphasized on;that is breaking down the complex sectors,ideas and benefits of adoption.
 It's not just an investment factor,but Also a currency that puts us in charge against fait fears and insecurities.Let's show the masses the opportunities that bitcoin has to offer people in contrast to fait.

It is accessible and can be used to purchase goods and services anywhere,transaction transparency is also a good feature that needs to be fully considered.

I think regulation of crypto industry will change the face of crypto investment as it will instill confidence and trust in the industry unlike what's happening now that there's a preponderance of unchecked scam activities. I know many in this industry don't like it as they think it will compromise their privacy. Well, maybe. They could be right on the privacy thing but I think the overall effect will be for the betterment of the industry.

You didn't lie there. I've seen cases where bank staff aren't even in the know of what Forex trading is. It's really disappointing that those we assume would know certain stuff begin to display their ignorance around it.

The masses are primarily responsible for the market trends that emerge. We share our thoughts and ideas, some of which work and some of which do not, that's simply what we call failed projects. The market has changed due to the current parameters of our investment strategy; in the meantime, we hoped for solid positive developments. We've become acquainted with the system, and I can tell you that the vast majority of people have turned their backs on crypto, and they're the current traders who are deeply regretting the lack of balance in the system.

The masses don't need to adopt cryptocurrencies on a whole. Understanding the benefits of what Bitcoin gives you is more than enough. After that, you will realize that almost everything else are cheap knock-offs and copycats only good for a quick pump and dump. Bitcoin is a great alternative for those who have experienced problems with the traditional financial system. It's great for the unbanked. Those groups are potential target audiences.

It's difficult to get big names involved, especially if they acquired their wealth with traditional investments. That's why I never cared what Warren Buffett and the likes think of Bitcoin.   

Crypto services work like middlemen between the masses and blockchain technology, because they make the whole adoption process simpler and intuitive for those who aren't skilled on informatics field. Through crypto centralized platforms, newbies can start purchasing and holding their first sums of Bitcoin, while through hardware wallets such as Ledger and Trezor, they can start holding their assets in a safe manner. If it weren't for such services, adoption process would be much harder and exclusive to a small portion of the global population who masters informatics, programming and internet know-how.

With that in mind, we can't completely blame and condemn centralization, as it's helpful in some aspects and even necessary if we want Bitcoin and cryptocurrencies in general to become more recognizable and adopted in global scale. It's necessary to understand most people aren't programming specialists, therefore those who are have to create alternatives for those who aren't to also become part of crypto universe, despite their limitations.

What if I told you that it’s even better for it to take more time but grow well than for it to be forced to grow. Without trying to speed up Bitcoin’s growth and adoption, it’s already done really great. Look what was worth a couple of cents, it can buy a brand new car today. Also, I think it’s unrealistic to expect a total or even fast adoption. Because people did not grow up with Bitcoin. It just happened eventually about a decade ago. People born today will easily adapt because this information was already available before they were born. Just like we all know what a bank is and we use it. We were born into it. Just my opinion though.

There is a time when we need to stop deluding ourselves about being "early adopters". When we reach the point when almost every adult has at least heard about crypto - then it's fair to say we're no longer in the early adoption phase.
Why would the masses adopt crypto in the first place and what does it mean exactly? Replacing fiat money with crypto? That's not going to happen unless there's some sort of financial collapse or hyperinflation event. Otherwise, people will be spending the money they earn and maybe hold crypto as an investment or a hedge. And there's nothing wrong with it.

Cryptocurrency has become influential since seven years ago so therefore I will like to say that we have to understand the accessibility of bitcoin to individual right now, I know quite well that the adoption of bitcoin is something that bitcoin influencers have done to bitcoin,  so therefore I believe that to be part of bitcoin adoption is base on the initial awareness

We dont!
The continued appearance of bitcoin in the movies, advertisements, and even in any commercial areas or businesses, will do the work. If people are constantly seeing or hearing about it every single time, it'll  catch their attention. From there, they will do their own research about bitcoin. The blockchain technology is a little complicated than learning how bitcoin works and how to secure it to lessen the risk of getting loses.
We don't need to rush and push harder on the global adoption since bitcoin is doing so well even if it's not widely adopted globally, but that doesn't mean there were no improvements on the adoption, bitcoin has been gradually being adopted more than any governments in any country who's banning crypto transactions. The continued increase of value every year passed is a living proof of it. So, again we should never stress ourselves out on how to spread the word about bitcoin to try to speed things up regarding global bitcoin adoption.

The community or other people must also have a mindset that is eager to teach new people that is starting to get introduced to Bitcoin.
We must think that learning or using Bitcoin is not only for investment but for innovation.
From what I observed, most of the people that getting introduced to Bitcoin are just only for money, they are greedy enough to not learn anymore the basics of Bitcoin or how it works and some are ended being scam because of their grediness.

As an idea that is extremely radical as Bitcoin, 14 years is actually not a long time, not to mention that in my opinion. Crypto only just actually booming worldwide after 2016 (CMIIW). I think the crypto community and enthusiast has been doing a good job in introducing and spreading word about Bitcoin. It's just that something new and radical like Bitcoin needs a long time for the general public to accept it, and to realize that this is what they need.

Even something like the Internet which a very useful and revolutionary which much less controversy and rejection needs more than 15 years to be accepted and applied globally.

I have been pondering through these since last night trying to ascertain the core reasons the adoption of Bitcoin is intricate. To dilate the usage of Bitcoin let's take a look at this few following points of mine.

1. Trustlessness:

Risk is what comes to ones mind when you mention btc, people have been made and recked in the market. The trustless ideology have instill greatly in the mindset of the masses as well as the government authorities.

2. Bitcoins are not widely accepted:

Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency.

3. Bitcoin valuation fluctuation:

The value of Bitcoin constantly fluctuate according to demand. Which currency should Bitcoin tied to when comparing valuation? These are still important questions the Bitcoin community still has no consensus over.

4. No valuation guarantee:

Since there is no central authority governing Bitcoins, no one can guarantee its minimum valuation. If a large group of merchants decide to “dump” Bitcoins and leave the market, its valuation will decrease greatly which will immensely hurt users who have a large amount of wealth invested in Bitcoins. The decentralized nature of bitcoin is both a curse and blessing.

It takes a strong mind to invest in this kinda system bearing all of these at heart. I do not blame anyone for any reason he or she has to jettison/adopt Bitcoin.

Curiousity and the dream of achieving financial freedom are two factors that drives the masses to blockchain technology or cryptocurrencies. Here in my country a lot of people are jumping into the world of crypto in the hope of getting profit and other opportunities. With NFT games that is on trend it drives people crazy and that is how adoption started. Since we are in a cryptocurrency friendly country the percentage of mainstream adoption is increasing.

For crypto to get adopted by masses, crypto should do better than what is already mainstream. Why pay with crypto with it's long confirmation times and hefty fees when they can use card/cash to make payments instant and free.

You can't do worse than what's mainstream and expect that it'll get adopted.

Crypto must become feeless, instant and able to handle large amount of transactions.

Perhaps ease of use could help bring bitcoin closer to the masses. Otherwise, these difficulties with seed-phrases and private keys (try to save and not lose), transaction fees (in which careless users often make mistakes and pay overpriced funds), problems with the mempool overload (which makes transactions take a long time) are frightening using bitcoin. If these points were eliminated, this could affect the distribution to the broad masses, but will bitcoin remain the same as before? And won't we get something like CBDC or centralized coins? Simplifying bitcoin would rob it of its benefits.

I imagine that it will be difficult for bitcoin to become truly mainstream due to its features, which are what make it unique. This is the nature of bitcoin, requiring a certain threshold of entry (knowledge and skills).

Unfortunately, crypto always faces obstacles to government regulation. Even though some countries have allowed crypto, in some cases crypto still cannot be too free. If bitcoin continues to be supported I don't think we will run out of news to keep bitcoin flying. But in any case the government is not wrong because it just wants to protect the real currency well enough. I think even bitcoin now deserves to be recognized as a high-value asset.

that's because the government always prevents bitcoin from being used by more people for their transactions. the government through its regulations only allows bitcoin and altcoins to be traded on regulated exchanges and it prohibits users from being able to use bitcoin or altcoins to replace fiat currency in their transactions.

and also, the reason until now why the adoption of bitcoin and altcoins is still hampered is because people are still skeptical about it. they still think that bitcoin and altcoins are speculative assets and they don't really need their use right now.

but that may only be for now, in the future i am optimistic that more and more people will adopt bitcoin and altcoins for their trading and transactions, along with the development of the crypto market, information that is more easily accessible, the development of cryptocurrency technology, and adoption by governments.

Bitcoin is just like water, it will find its way through even if there are hurdles in the way, that is what it has been doing since its inception. So, I don't think we need to be worried about the adoption or mass adoption because as we move into the future, more people will come to know about Bitcoin and will start adopting, using, and investing in it just like how we got so many people to do that so far. Bitcoin wasn't popular at all a few years back but look at it today.

Early adopters are fortunate to have done one of the best things of their lives which is accepting Bitcoin at its early stage. People these days envy those who got the opportunity to buy or get Bitcoin at its early stage because those who could hold onto their assets are millionaires or billionaires today.

the importance of education and sensitization can't be over emphasized most especially as it regards this and knowing fully well that their are people seriously fighting against it adoption in many part of the world.

Cryptocurrency is accessible to the general public but the issue is that most people don't understand what cryptocurrency is and some of the ones that do, don't know the right cryptocurrency to invest in coupled with the reality that their are so many shitcoins and fake crypto projects flying here and their with internet scammers increasing on a regular bases, people need the assurance that making any crypto investment would be profitable and that their cryptocurrency would be safe.

If we are able to educate the masses on the advantages of investing in a crypto asset and guide them to know that they can protect their crypto holding without losing it to scammers then we would have gone a long way in spreading and increasing the possibility of it adoption in our localities.

The forum is a good example to show how helpful sensitization can be. Most of us had little knowledge on bitcoin and other altcoin before joining the forum but after participating in the forum discussions and airing out our views, we've come to know a whole lot of things and our understanding and thought process has been shappen to a very large extent.

Looking back, Bitcoin has thrived despite regulatory issues and market volatility. That resilience speaks much about its future. You have my support for adoption. Its up and no stopping. Bitcoin's promise as an inflation hedge and symbol of financial independence attracts more individuals daily. The attention rise is proof of Bitcoin's worth and attractiveness.

Certainly, early adopters were visionaries. They saw possibility where others saw doubt. However, its not just about being early; its about believing in Bitcoin's intrinsic value. Some Bitcoin holders kept onto their coins because they trusted in its future as a revolutionary financial tool. They were smart and lucky.

At this time, there are still many people who are not open to cryptocurrency or Bitcoin, even though most of them have heard or seen Bitcoin or crypto but not in a good image. Because often, if there is news on the newscast, it's all negative.

But the thing about the good concept of cryptocurrency is that I rarely see someone who reports good things about cryptocurrency. Now, if the masses become open, holders of Bitcoin or other top-listed altcoins will probably also increase.

I was thinking that the growing popularity of Bitcoin will lead to mainstream adoption very soon but after re-evaluating the situation, I have my doubts that we are going to achieve that any time soon. There are just too many factors militating against mainstream adoption with the chief among them being the high transaction fees and delay in transaction confirmation. Imagine walking into a shop to make purchase, thereafter paying through Bitcoin only to pay fees higher than the price of the good you bought. Why will people opt for this option when they can use fiat and pay minimal fees that will be confirmed within few minutes and sometimes instantly.

Blockchain technology that is environmentally friendly or more easily accessible to all levels of society really needs to be developed so that many people are aware of the sophistication of this technology.  I am sure that gradually someone will be able to create something that makes it easier for people to use this technology, but the important role of the government is very necessary in maintaining security so that this technology is not misused.

Why does everyone need blockchain technology? The whole world works on the banking system and does a great job with it, cryptocurrency and blockchain are just an additional technology for exchanging funds and information among users and it does not aim to capture the entire service market.
Who wants to use it, who doesn’t want to doesn’t use it all quite simple. According to my observations, more and more young people are interested in cryptocurrency because for them it is a fairly easy financial instrument that does not require a bunch of papers and various confirmations from the bank.

If we're being honest, it's gonna be decades before the masses adopt Bitcoin as a mainstream alternative to fiat.

This is going to feel like a slow process to use early adopters. But from history's point of view, let's say by 2050 or 2060 Bitcoin is normalized so by then billions of people own some, high hundreds of millions of people use it for savings and low hundreds of millions of people used it regularly or at least occasionally for spending, that's not very long.

For us, who have perhaps been into Bitcoin for 5-10 years already, another 25-35+ years before Bitcoin is widely adopted seems forever, because we like to think in 4 year market cycles (or even shorter time periods) so that's a lot of growth cycles away from now, and that's a significant part of our lives. But if you think about it historically, say in 150 years the history of Bitcoin would go like this: it started from one person in 2009, and 40-50 years later it had organically grown from one person to billions and became the alternative to banks and national currencies for hundreds of millions of people, saving many of them from weak currencies and weak government monetary policies around the world. Historically Bitcoin being adopted by the masses will be fairly quick, but for us mortals with brief lifetimes it's gonna feel slow because it'll literally take around half our lifetime for Bitcoin to be taken seriously and actually used by the masses and for most of the time leading up to that it is going to be ridiculed and despised by most people simply because they have been educated on it by misinformation from equally misinformed people in the media and on the internet.

I doubt that bitcoin should be use on our day to day transaction. We know the cons of it like having long transaction time and expensive gas fees. There are ways that the masses can use blockchain technology when the adoption comes, altcoins that has the purpose of being use daily would suffice it. There are still a lot of things that hinders the mainstream adoption and majority of the problem is on the legal side as of now, but as we progress, we had seen a massive improvement compared from 5 years ago. Imagine, we are now waiting on the approval of ETF on bitcoin, those are not being considered 5 years ago.

As with barter to cash, the move from fiat to Bitcoin is massive and slow. Remember, each technology revolution - from the internet to smartphones - started with skepticism before becoming essential. Bitcoin's trajectory follows suit.

What about scale and impact? Bitcoin represents financial independence to me, not just a currency. We're talking about a new way to transact and a change in money attitudes and use. The ability to offer an alternative to weak currencies and government policies is revolutionary.

The scorn and disinformation phase of any new innovation is necessary. I believe this phase will pass as more people educate themselves and early adopters lead by example. Bitcoin represents a future where financial independence and security are available to anyone, not just the wealthy. Im honored to be part of this significant shift's 150-year legacy as pioneers.

What does that even mean? Is Bitcoin not easily accessible? It might not be working perfectly and right now is pretty useless for small payments, but it's easy to access for anyone with a computer or a smartphone. All it takes is to download a wallet and you're free to transact.
It's not like you have to be miner, or even know how things work in the background, to participate in Bitcoins ecosystem.

And if you're looking up to the government to take care of the security for you - then good news! Most of the governments are working on implementing CBDC of some sort, which will take away your privacy, give them almost total control of your wealth, but at least it'll be secure.

let's not forget the power of fun. Gamified learning apps, crypto scavenger hunts, and maybe even a meme-tastic explainer video starring a dancing avocado – these are the tools that can make learning about crypto engaging, memorable, and dare I say, addictive.

But knowledge alone isn't enough. We need to show people the real-world magic of crypto. Show them how it can be their everyday superpower – from sending money across borders without breaking the bank to protecting their savings from

And there are a lot of people falling behind due to the fact they don't have the resources to put toward investments most have never heard of it but the vast majority are finding it difficult to feed and they don't have a job yet so it is going to be challenging to invest for such people, and even now very few people in my region have access to the internet and some even have smartphones but only use it to answer calls and nothing more to even have an idea or even know what blockchain is about.


When they cast a news about bitcoin, it is always about the price, or an issue that has to do with a violation of the law, but none of this stops the progress of bitcoin, and in fact people are learning about bitcoin more and more, and if you want to follow the news, you won't do anything dangerous in bitcoin, you just have to ignore and invest when you can. And now that people can afford bitcoin, they are turning to altcoins, even though experts caution against investing in altcoins.

While some people bother themselves about the Bitcoin global adoption, I do not have any problem with the rate at which bitcoin is being adopted. Bitcoin is not an old technology and if you look at the successful technologies we have now, they took much time to become popular and globally adopted. Bitcoin is barely a decade old and it has made so many impacts in the global economy. I can say that bitcoin has made more millionaires than any rising technology in the past. The important thing about bitcoin is that during its early stage, the poorest human being who adopted bitcoin can be very rich now.

So, believing that bitcoin is doing absolutely well, I no longer bother myself on how bitcoin will hit global adoption because this will happen spontaneously. The greatest tool to global adoption is the internet and social media and we know that Bitcoin is already all over the internet, so it is time we allow it happen naturally.

It is easier advocating for adoption and preaching adoption to people in the countries where there are broken economies and things are difficult because once you highlight that Bitcoin has the ability and prospects to change their financial situation they suddenly become interested, in other countries where the situation is not so bad, you need to explore all the benefits that Bitcoin holds to someone that you're trying to talk into considering bitcoins because they may not be interested only if you tell them that it can change their financial situation since they are not doing so bad, but if you can list out and really explain the other benefits it is possible that one would be attractive to these people.

Are we really the first to use Bitcoin and blockchain technology?

Some of us have been doing this since 2009, while others are just getting started. Early adopters are those who have been doing it for a long time, however we are not late. Adoption of bitcoin and blockchain technology is a gradual process; if you look closely, you will observe how people are becoming more familiar with blockchain technology and bitcoin day by day. I believe that if governments begin to legalize bitcoin around the world, the rate of adoption will increase since some individuals are frightened of showing off their truth on bitcoin investment and adoption, but if the government legalizes it, they will be more confident in bitcoin adoption.

  In a banking institution, there is a qualification to have a job, unlike blockchain technology, where there is none. Even if you are at home, you can still use it, which can give an opportunity to anyone who wants to earn a living here.

  And this is something that the banking institution cannot provide if the issue is in terms of giving. It's really bad for people. So this is where cryptocurrency related to blockchain technology is more important.

And yet there are many other payment systems that can accept payments, for those who want or can only work from home, this is also suitable. Cryptocurrency is a great advantage for those who do not yet have any documents (I mean children) who cannot open an account and create a payment. Also, do not forget about ordinary cash, this method will be relevant for many years in most countries.