Bitcoin Forum

Bitcoin is everywhere in the news, but most people still don’t actually use it in their daily lives. Price swings, confusing technology, government rules, and environmental concerns all make it harder to adopt. Even with all the hype, it’s clear that Bitcoin has some major hurdles before it can become truly mainstream. Is it even possible for Bitcoin to overcome these challenges and become a normal part of everyday life?

The challenge one is societal more than anything else. Most of the humans today are completely financially illiterate. They are using fiat and cards but they have no idea how they work or how much the system is scamming them. They are being given just enough financial comfort to avoid rioting and as much convenience and as many distractions as possible.

Here is one fact: If you fully understand Bitcoin, you will instantly get red pilled. Otherwise you don't understand it.

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There are technological limitations and challenges present but for the most part we are not hitting limits in a significant way. Volatility is a non argument. A radically new asset class that is appreciating in value, i.e., continues to be in the value discovery phase, must be volatile when compared to currencies that are not appreciating (but which are actually slowly losing value). This is expected, this is not a negative.

Look at the youth of today. How many of them have Bitcoin? How many of them understand Bitcoin? What are they spending their time on? Buying overpriced junk from idiots like Mr. Beast and listening to lies and bullshit from other influencers. They are fully distracted, they are almost fully under control. The problem is not Bitcoin, the problem lies with the people.

It already is for some people, and as long as such examples exist, they are proof that this can be done. Given the situation and Bitcoin's discovery as digital gold, what is more likely to happen is that it becomes the backbone of finance where most people are not even aware that it is being used somewhere. You can't force people who are disinterested to learn something. Those that discover freedom and sovereignty will come Bitcoin on their own. They are the ones that will personally use it. The others will use it indirectly as part of the overall system.

I think it would be possible if either of these two scenarios happened:
1. Governments and other institutions make BTC a universal legal tender.
2. Fiat dies due to hyper-inflation, and the countries or the entire world have no other option but to use BTC.

2 seems fairly promising.  :D

There are two news and information types: positive and negative.

If you want to learn right things about Bitcoin, find resources that are insightful education about Bitcoin like "The bullish case for Bitcoin" book. You can learn many things from the book which pave solid foundation for your journey with Bitcoin.

If you want to be better-prepared, you can read resources that debunk Bitcoin FUDs. FUDs are useless but harmless with newbies in this market and by learning from Debunk Bitcoin FUD resources, you will understand more about Bitcoin and also many FUD types so that you will have stronger hands in this market.

I would also want to see a third option - nobody dies, but everybody uses what they want to.

After all, BTC is not about enforcing itself onto people - it's about having it as an alternative..

The first scenario is still not possible and to an extent is might just happen for some selected country while for other countries that the extent of acceptance is relatively low, it will look impossible for bitcoin to be accepted up to the extent of using it as a replacement to the fiat. the second scenario is still like the first because as long as the government acceptance of bitcoin is still not strong enough the possibility of a potential eradication of the fiat is still small and with that, bitcoin might not easily go mainstream.

bitcoin is good, no doubt, but the global financial system is too broad for just a single asset to occupy that space. what is happening now is still a good one for bitcoin as it is still making wave as the biggest digital asset at the present. even without it present completely eradicating the fiat, it is still a force in the financial market.

It's true that governments are not much in favour of decentralised Bitcoin because they can't control or manipulate it. But it's also now becoming a reality that people are gathering Bitcoin with intention of hodling it for long term. The mean reason for long term hodling is exponential increase in price of bitcoin for last 15 years. People now feel that Bitcoin is more profitable as an investment, so it's better to buy a cup of coffee with fiat currency. These days majority of people are also not much interested in using Bitcoin as a mode of payment for daily living.    

Govs want fees just like anybody else in the field like theirs.

If they can't control it - milk it till it's dry. And make using it - a slop of regulations needed to be processed.

With Bitcoin, you control it with private keys and you can prepare for your deaths by giving inheritance of your bitcoin to your children if you want.

It is easier than doing it with banks as you can control what you want to pass to your children and you can guide your children how to use Bitcoin wallets, recover wallets from backups and more. There is no third party like banks in between with barriers and rules. Your children will not have to verify any identity to access your bitcoin if you give them necessary information.

No, in this case people won't be using BTC in their everyday life the same way that they are not using M0 money supply but the M2 created by banks.

Fiat currencies are always dying, that does not mean that the population is educated enough to pick the right alternative (even if the only real alternative is Bitcoin).

Your post is shit and has nothing to do with the topic. He didn't ask for resources to learn about Bitcoin things; you haven't provided any either, you just wrote a fast and generic shitpost about it.

Since fiat currencies are regularly dying both of you are wrong in a different way.

Nonsense argument that is made up by your delusions. Bitcoin is perfectly capable of taking over the entire settlement layer alone. Just because you don't really understand what this means nor what its implications are that doesn't change that it is true. Actually replacing everything in the settlement layer is exactly where Bitcoin would perfectly fit in. Everything else can be built upon it, similarly how LN is built upon Bitcoin. Different institutions can build their own public or private layer 2 or layer 3 networks that work on Bitcoin and only occasionally settle things on the main chain.

Who told you that people don't use BTC for their daily lives OP? Even in my country where BTC is not legal people are using BTC daily. Have you visit any country where BTC is legal tender, then you will know that people are really using BTC than money to buy goods and services.

The reason why some governments don't want to adopt BTC is because they don't have knowledge of BTC, but those that have knowledge about BTC are taking advantage of legal tender to encourage their youths that are not doing well in their businesses.

The most challenge I see bitcoin facing is regulatory challenge, as most people are afraid of loosing their money without being able to recover it since the market is not regulated.
Apart from regulation, other challenges can be handled as time goes on. When we talk about Bitcoin volatility, that is the beauty of bitcoin investment, because without volatility, making good profit in a long term will become very difficult. And looking at bitcoin price movement, the volatility of bitcoin is becoming slower as it increases in price, unlike when it was initially invented, the price was more volatile than now.

Bitcoin is still undergoing some technological upgrade, such as scalability and energy involved during mining, all these things are being looked into and by the time this challenges are resolved, bitcoin will likely become the best investment.

Despite all this challenges mentioned above, bitcoin has not stopped making headway, more especially now that bitcoin is gaining the attention of whales and institutional investors, and bitcoin has also proven itself to be a solid investment, considering where it started and where it now, and with the trends of bitcoin, it is poised to do even better in future.

It may not be part of the everyday life of some people but to others it is part of their everyday life, Bitcoin can gone mainstream to a very good extent, things has really improved very well for Bitcoin and the adoption has increased, we have read success stories about how countries are now making Bitcoin a legal tender, this are news that are encouraging signs of even better things to come.
I think the adoption of Bitcoin will continue to see steadfast growth and increment.

Bitcoin is an alternative to fiat and not designed to replace the current financial system. The volatility of Bitcoin is also an advantage because it brings the opportunity to make money from it. You don't need to understand the technical or complex aspects of Bitcoin to use it. If you can carry out an online bank transaction, then you can easily use Bitcoin.   

More countries are becoming friendlier with Bitcoin. The US Genius Act is an example of the positive change in government policies. The environmental concern of Bitcoin has been overhyped and overemphasised by anti-Bitcoin forces. It is known that banks and data centres have a more negative environmental impact than Bitcoin mining.   

Bitcoin is gradually surmounting its challenges, but many critics are too blinded to see it.

Not all merchants and sellers accept Bitcoin as payment method.

It's really make me uncomfortable when I know the seller or merchant not accept the payment method, because this happen to me even though it's not Bitcoin. So if there's a merchant or seller not accept Bitcoin, this mean it limit my choice to spend money and I don't want to make my life complicated for changing payment method when I know if there's a currency that the whole merchants and sellers accept.

BTC is not yet mainstream because there are still many people who don't understand what BTC is. Most people understand BTC only about its price & high fluctuations. People aren't ready to fully adopt BTC yet. Consider how BTC has become legal tender in El Salvador, yet many Salvadorans dislike the policies implemented by their government. It shows that there is a lack of preparedness, I think we will see BTC as mainstream not anytime soon, in 10 or 20 years maybe.

Some news that certain people spread on social media is not always encouraging. What really happened recently when the market crashed? Who would hear that kind of news and rush to adopt Bitcoin unless they decide to do their own research and understand how Bitcoin works?Just as there are positive news stories about Bitcoin, there are also some Bitcoin haters who always share negative ones. So, anyone who isn’t ready to adopt Bitcoin and doesn’t do their own research can easily get confused by the news they see online.

By the way, it’s not that the rate of Bitcoin adoption isn’t increasing it is but the point is that adoption will increase gradually,not everyone will adopt Bitcoin at once. Bitcoin is still facing some challenges with certain governments. The only way we might see mass adoption at once is if most governments make Bitcoin legal tender.

There is only one country where BTC is legal tender. Anyway, you don't need it to become legal tender for someone to be able to use it on an everyday basis.

Nonsense. Can you recover your money from failed stock investments? Failed business investments? Of course not, so don't bring this idiotic argument here.

Generic nonsense, you wonder that I have already tagged you for the stupidity that you are spreading.

It is always continuing but individuals are never satisfied, especially individuals who haven't really made a meaningful contribution to Bitcoin or anything. They blame the lack of progress on many things, except themselves. They are often the most entitled and demanding individuals. Adoption is best done through education, especially from a bottom-up approach.

Another nonsense post. Pretty much no online merchant in the whole world accepts the currency of your shithole country. They accept debit or credit cards which are an intermediary layer for fiat, they are not the fiat themselves. Similarly, you can already use cards which are funded by Bitcoin or other cryptocurrencies. Your argument does not stand.

True, but understanding is not needed for use. Complete understanding is a personal choice.

Time will tell, usage can be upgraded in several ways, practically when more businesses begins to adopt as payment options but it won't be the only alternative among several options. The hurdles people attribute to Bitcoin is associating issues from other cryptocurrencies to be the same in Bitcoin, it is an assumption by some persons that all cryptocurrencies including Bitcoin can be shady as they assumed, which leads to lack of knowledge when it comes to understanding Bitcoin specifically.

The hurdles will limit mass adoption, Bitcoin will become mainstream to those who see value, and alternative to those who prefer the normal traditional system.

I guess challenges are part of our daily lives as humans, but how we choose to navigate by finding other means to make exploit, gives us a result not entirely different from the actual course. Bitcoin is not entirely different considering the fact that it was going to going to give a lot of persons freedom. At some point, the hurdles began to gave way, but not completely. As far as mainstream is concerned, I think Bitcoin has achieved more than 60%.  Certainly not everyone will use it due to certain gaps in our society. We have so many who don't have access to the internet, or don't even know how to read. Those issues were certainly never meant to be solved.

And as for its daily usage, well, a lot of things have since changed after investors realized that it is literally a very good form of investment that can appreciate over a period of time. Maybe this present concept of it's usage in our daily lives is just something that we must accept as the way it is, though it is important that we encourage it.

Bitcoin major challenge is awareness and people understanding what money really is
They are so used to the fact of trusting the government and relying on a degrading fiat
That others starts looking risky.

Confusing technology how? government rules how? It would be nice if you elaborated on these.
On its price swing, I believe you speaking about it's volatility.
Volatility is usually found on young assets even fiat experienced high volatility during the 70's
And the recent was the finanacial crisis of 2008
Which opened many eyes to the need of a decentralized currency.

For your information, Bitcoin is not looking for any validation to be accepted or to be used to the mainstream or needs any channels to announce on any news. Bitcoin is a solo warrior doing it's things. You love it? it's going mainstream, you don't love it? It's going mainstream. It waits for nobody and does not have any challenges at all.

Sooner or later, what seems to be the challenge bends itself to favor it, because the force and energy behind it is extraordinary. Blackhatcoiner said it's made out of math, which is an idea that serves as a bulletproof.

The only thing I think is holding bitcoin back from becoming a mainstream currency that every one uses for their day to day transactions is the price that is very unstable, I have a friend who runs a big supermarket and has invested quite a large sum in bitcoin, one time we got talking and I asked him why he simply won't start accepting bitcoin payment from his many customers..

He's reponse was that the price is too unstable, that if it's a bad day for Bitcoin, by the time they are done for the day so they can convert back to fiat, he might be losing money because the price of Bitcoin has dropped, that he can't take such risk especially now that those who supply goods to him hasn't started accepting bitcoin payment either..
So personally, I think price instability is the major factor holding bitcoin from getting mainstream adoption as a currency for buying and selling of day to day goods and commodities..

Again, this is not an issue related to Bitcoin itself. It is an issue of the current individuals that make up our society. We tend to say that education levels have significantly improved as before, as people get worthless papers from high schools and universities. Meanwhile their thinking and actual reasoning skills are very limited.

Nonsense. Bitcoin does not even have a 5% penetration rate, probably not even 1%.

These people don't need Bitcoin, they have bigger issues. This is not an argument for this topic.

Holding passively is not daily usage. You don't get to subjectively define daily usage however you want.

Forget that Bitcoin exists for a moment. What percentage of the population of the world understands what money is and how it works? It is probably significantly less than 1%. Do you see now that the issue has nothing to do with Bitcoin itself? Most people who study economics don't know what money is either. They usually just have a brief introductory course and then they are taught the current economic dogma.

The two real challenges why bitcoin is not been accepted as payment, it is highly expensive so people don't see as money but just as an asset so nobody is interested in spending it because we all trying to HODL them as long as possible so we can have the better returns in the future. ANd the confirmation time which is not instant, we have to wait like few minutes to 20, 30 and even longer which depends on the miners finding the blocks and you have enough fee that TX is included in the mined block that make it is not realistic option to pay for your coffee or gasoline but only for big purchases where there is no possibility of reversal once it is confirmed.

This is a fallacious error in the brain of such individuals, and not an issue that is inherent to Bitcoin. If the price is high, people complain and see it as an issue. If the price is low, people complain and see it as another issue. There is never going to be a right answer to this because it is subjective. Are you trying to imply here that currencies that have lower value are more commonly accepted as a means of payment? That one is definitely not true.

This is why we have Lightning. If you need instant transactions, you can do it this way. Ignore any lightning naysayers, they are full of shit and just spreading FUD. I use it regularly for transactions that are bigger than $1000.

It is very possible for Bitcoin to overcome these challenges, it just needs a total cooparetion from the community, developers, merchants and the government.  We all know that Bitcoin has shortcoming but there are work around from this shortcomings.  If the community is willing to be flexible and accept without any biased the integration of Bitcoin to centalized services, the so called complex wallet operation of the native bitcoin wallet can be solved into a simple e-wallet where transfer of coins is easier with just one click of a button.

About the volatility, it is really a problem for merchants but the way to solve this is an instant conversion of Bitcoin to fiat to save the value of the payment from fluctuating.  Government should make a clear stand that they accept Bitcoin as mode of payment or what-so-ever to prove its legality so that citizens won't have a wrong idea about Bitcoin being a scam coin and companies that want to take advantage of the profitablitliy of Bitcoin and the service around it has clear stand that they are doing a legit business in terms of government regulations.

Do not expect that the entire world is going to use it in the daily basis. But the numbers are growing and we can see it with the adoption. If people are using it for investing, that does mean that it's being used.

I don't see that it's with a confusing technology. If it does, then other projects won't adopt blockchain which is the technology behind it.

With the environmental concerns, it's always thrown to Bitcoin with that kind of argument because of the mining farms. People need to be better and look at the other industries where they're making air pollution with the manufacturing and plantation that they have.

I believe for us bitcoiners, there's no problem when it comes to bitcoin and using it as an investment tool or as a currency. However for those who are still unfamiliar of bitcoin,  they will find it hard believing that bitcoin will turn into a daily currency because for obvious reason, the government is strongly opposing the technology brought by bitcoin. And that proves the strict regulations set by the government for bitcoin, which most of us have find it a big challenge for bitcoin adoption, to the extent thinking if we really need to have bitcoin adoption in the future or settle to the current condition of bitcoin.

I think that's not actually the very goal of trading becoming a legal tender, but what Satoshi only want is to make bitcoin a reserved currency of fiat, which means it will only serve as a payment option, not as an official legal tender. And I have seen we are already doing it now through some selected merchants or shops. No need to put bitcoin in the position where the government will be the biggest enemy, because bitcoin cannot beat the government, and besides, we don't need the government to continue bitcoin existence.

Bitcoin is already mainstream. Most of us have been actively using Bitcoin for more than 10 years. According to the technology adoption curve, we are the early adopters and Bitcoin is part of our daily lives. But that phase is over. Now everyone knows about Bitcoin. Traditional financial news outlets display Bitcoin's price and report on it. Signing up for an exchange and buying Bitcoin is very easy and people are doing it. Maybe not everyone understands the technical details of Bitcoin, but that's the case with any technology. You don't need to master all the technical aspects to be able to use something.

Yeah, it did and able to survive it and so to no question if it's doable for bitcoin or not. That is because it has went through a lot of rough times for so many years. Breaking the taboos and the challenges about the FUD, the doubt of the people if it's going to be good in the mainstream. Now, what we're only seeing is the fruit of its survival in the past. And the world has welcomed it warmly and now in the mainstream. So, that's the reason why it's now adopted by financial institutions, governments have the go signal for them to step on it and explore more of it as an option to invest and later on will be about its usage as an alternative payment system.

I also don't know why they think about it didn't reach on the mainstream while the fact that we already see lots of recognition and other news posted by media about Bitcoin.

Lot of things happen from Bitcoin Strategic Reserve, Merchants accept Bitcoin as means of payment to other good news happening with that we can say that lot of good things happen on Bitcoin. Also its easy to buy Bitcoin everywhere now and people had an access to bought their own Bitcoin and start their investment.

Maybe there just people don't know the technology exist yet because they are not so techy but for sure we would reach on level that lots of people in the world would use Bitcoin. We really don't need to be master on technical aspects since Bitcoin is somehow easy to understand especially for those people willing to research and interested to use it for whatever things they like.

Bitcoin is no longer a foreign commodity. Several cryptocurrencies have already surpassed the price of gold, and people are starting to consider it a good investment, with many providing significant returns for investors.

Even now, its price is still in a consolidation phase, and other future benefits of BTC are extraordinary. It's possible that governments will be busy educating the public about how to use it that when it's a fully crypto-based financial payment mechanism.

This will change people's perspectives, and BTC will no longer be an alternative. For example, countries with high inflation like Argentina and Turkey may improve, allowing BTC to become the primary alternative. But when it becomes a necessity, there will no longer be a mainstream purchase of BTC to anticipate these challenges; it will become something that will be used daily to overcome these challenges and become a normal part of everyday life, as mentioned above.

Yes despite it being always in news but most of people do not use it in their daily lives because there are big challenges such as changing prices,  confusing technology, and government rules. Answer to this question as to whether Bitcoin can become normal is Yes, though only with second layer tools that run on top of it, like stablecoins to stop price changes and Lightning Network to let quick and cheap deals and as bigger businesses start using Bitcoin, governments have to make more clear rules, which makes whole system more trusted.

I think otherwise, unless the government issues clear regulations and allows people to use bitcoin as a means of payment. Only then will large businesses dare to start adopting and using bitcoin. Businesses and businessperson must comply with and be governed by the law, not the other way around. That is why there are not many stores in your country or mine, or globally that accept bitcoin. Most people are waiting for the government to come up with clearer regulations on bitcoin.

Overall, there are many barriers keeping bitcoin from becoming mainstream but I think the government is probably the biggest barrier.

You're wrong on one point, because Bitcoin's journey hasn't been influenced by hype like other junk coins. Bitcoin is far more fundamental and possesses a different level of power.
Bitcoin isn't used as a regular currency because of the legal principles in each country where it resides. In my country, for example, it only allows the use of Bitcoin as an investment asset and makes it completely impossible to use it for legitimate transactions.
If you look at more concrete sources, Bitcoin adoption is experiencing a significant increase worldwide, and this is happening faster than expected.

If the question is about solving normal daily life problems, I can probably say it's impossible, because my country only allows the use of Bitcoin for investment purposes.
So the most relevant use is to carry out investments as usual as we do now.

Well it's true, but online merchant isn't the main source how people spent their money.

I'm talking about offline merchant, people buy their daily needs, pay electricity bills and buy urgent stuffs from offline merchant, they won't want to wait for few days to get their stuffs.

Illustration in my experience, if purchase using cash 200x times, I might buy stuff using online merchant in my country 20-30x times, then the last I might only use 1x international payment.

This mean, I might use Bitcoin 1x time while I use fiat 220x-230x times.

Everywhere in the news? not in my country.

How exactly does the OP want everyone to use it everyday I wonder?

The FIAT system is the standard monetary system in the world and its systems
are designed to make things convenient for everyone while they siphon off massive
profits from everyone.

but the general public know this but continue to use it because its convenient
to use. Switching to Bitcoin is not straight forward, wages are paid in FIAT,
so that has to be sent to an exchange to convert to Bitcoin - then what?
You want to buy a coffee, you have to convert the Bitcoin back to FIAT,
whats the point?

Until Bitcoin is widely accepted as payment it wont be used daily as FIAT is
and there is a long way to go yet.

Things have improved though, take the digital banks in Europe like Revolut, N26
and Bunq - they all provide an avenue to "invest", "save" in Crypto. So Crypto and
most importantly Bitcoin is becoming more normalised for people. Its seen
less now as solely a tool for criminals.

I don't like it when false hope is given especially with analysts speculations about bitcoin price instead, I rely on the 4 years market events. Following this that bitcoin is decentlized and even if regulations makes their policies friendly, it would still be at the risk of individuals because the risk surrounding bitcoin could be detrimental.
The governments can not also afford to mainstream bitcoin adoption because, they also cares about the traditional system of which, when bitcoin is massively adopted, individuals might tend to gap the use of the fiats because, the use case of bitcoin and blockchain is incomparable to the banks for those who are friendly with the technology.
But nomatter how bitcoin maybe mainstream, it is still not everyone will use it.

Your example with your friend's supermarket is pretty solid and honestly I think it hits on something a lot of people overlook in this conversation. Most of the debate here is about whether Bitcoin CAN go mainstream, but you're talking about real-world merchants who literally can't afford to take the risk right now. That's a pretty different issue.

I get where people like Satofan44 are coming from when they say the problem is with people, not Bitcoin itself. If he buys a ton of Bitcoin at $40k and then needs to convert it back to fiat the same day because his customers want it, but Bitcoin's dropped to $39k in the meantime, that's actually money out of his pocket. Scale that up over a whole day of transactions and yeah, he could be losing real cash.

The thing is though, I don't think this completely stops Bitcoin from becoming mainstream. It just means the use case is different than what a lot of people imagine. Like maybe Bitcoin works better as a store of value for merchants rather than a day-to-day payment method right now. Or maybe it takes the layers that people mentioned - like stablecoins or Lightning Network - to actually make that work for day-to-day purchases.

But you're right that the volatility is probably THE biggest hurdle for merchants specifically. Everything else - technology, regulations, awareness - those can change or improve over time. But volatility? That's kind of fundamental to how Bitcoin works until way more people are holding it and the market's much bigger.

Being popular and lifting the price already made Bitcoin mainstream. People are shocked to see how Bitcoin gets attention from many people. I remembered when Bitcoin increased to $20k, that is the first time Bitcoin had a very high price. No one imagined seeing that but it happened. From that moment, more people followed the Bitcoin journey and how they adapted to the current situation by buying Bitcoin.

If that is not enough, we see that when Covid attacked, people were at home, and could not go anywhere. They search for opportunities that can make them earn money. At that time, Bitcoin started getting more popular among the early people and also among new people who joined not so long before Covid. And boom, the price jumps to $60k and people are shocked (again).

When Bitcoin reached $100k, that opened many people's and companies eyes that Bitcoin has the potential to increase. So that attract the government has imposed tight regulations on crypto users. But this will not stop Bitcoin from going mainstream and that will just be a matter of time.

Base on your topic, I was thinking you will refer to Bitcoin scalability challenge  (https://en.wikipedia.org/wiki/Bitcoin_scalability_problem#:~:text=The%20Bitcoin%20scalability%20problem%20refers,limited%20in%20size%20and%20frequency) as the major draw back according to Wikipedia, although the block challenge can be resolved through lightening network etc

But the challenges you mentioned are not particularly of Bitcoin but what emanates from bitcoin use and third party interference. Because whether we like it or not bitcoin is already in mainstream adoption. Investors believe more in bitcoin as asset and everyone wants what can stand the taste of time and more critically, a hedge against inflation prone fiat.

I couldn't find the latest data, but as of 2024, it seems like there is a rough estimate of only 1.3% of the global population who owns Bitcoin (https://bitbo.io/how-many-users/). Most people rely on fiat, without knowing how the system works. Then they wonder why the rich get richer and the poor get poorer.

Bitcoin gives the opportunity to gain financial control and independence, but only to those individuals who are willing to educate themselves.

^ Because big price spikes and dips create good news, but not good push for the adoption/usage of BTC or the push to own it.

People usually get into crypto because of big numbers they can get quickly, disappoint themselves, and then call it all a Ponzi..If they act up too quickly on all of it, without proper analysis.

Wrong. Centralized systems tend to force top-down cooperation, Bitcoin is built in a way that ensures that it works even if nobody wants to cooperate with nobody else. The powers are in balance.

Also wrong. Neither is the government opposing the technology that Bitcoin is using, nor are they against Bitcoin. Bitcoin is legal in most countries of the world. It is such a stupid and ridiculous claim that the technology is opposed. The digital world operates on the same technological foundations that Bitcoin uses.

Less than 1% adoption is not mainstream. Internet usage is mainstream, Bitcoin is not. Bitcoin is accessible these days but that does not mean it is mainstream.

Usually when merchants are talked about it is online merchants. It does not matter either way, since you provide no counter point. You can use a debit card that is funded by Bitcoin to pay at all of those offline merchants. Pretty much everyone accepts cards these days unless you live in some God forsaken shithole. In that case, the issue is not with Bitcoin but with your place of living. Be sure to learn how to tell the difference.

This is what some people call mainstream.  ::) I'd put it at less than 1% but their estimate is close enough to my own.

Government not taking it up into discussion to allow it to become a legal tender. Most people who dont buy bitcoin as an investment or a long term store of value are scared of their government, in case their government outlaws bitcoin, they are going to have their money into trouble. So they take the safer side of ignoring bitcoin.

Since the negative emotions around bitcoin are difficult to control and already a lot of hacks, scams and bad things are there making bitcoin notorious, people avoid it except some who can see through the problems.

What can we do? That was their business. There are still plenty of stores out there and maybe some of them are now accepting the payment methods that we have. We can still try and talk about our suggestions to the business owners and we never know, maybe the next time we come back at their stalls, we can now see a signage announcing that they now support new payment methods.

The currency you are referring to on your last sentence would be the traditional currencies. But if we already have it then why still bother your self with Bitcoin or on other types of payment methods?

Nah, Bitcoin is in the mainstream already. There's plenty of people, countries, companies, etc.. that are now involved with it. I didn't hear that Salvadorians complain about the policy in regards to Bitcoin. They can be happy in fact because I heard people there have been airdrop by a Bitcoin. It is just that they will need to use the specific wallet to receive it but after it, I think they still can be able to send the Bitcoin on their desired wallets.

In my own opinion,the greatest challenge still stopping Bitcoin from going mainstream is FUD,few individuals are still in doubt concerning the potential outcome of Bitcoin.Expecting people to use Bitcoin for their daily transaction is something that's far from happening because Bitcoin wasn't invented to replace the recent monetary policy rather it's an alternative to the traditional currency around the globe.Ofcourse Bitcoin has major hurdles,aside the ban and strict regulations by regulatory bodies Bitcoin critics are the ones inflicting the mind of others negatively about bitcoin.

We can't expect for bitcoin to turn into a daily currency wherein people will use it freely for daily life's activities. It takes global adoption first and foremost, not to make bitcoin as a legal tender but even as an option to the official legal tender so that people will have the chances to use bitcoin if they don't find it comfortable using fiat, at least people will slowly experience financial freedom away from fiat and all its connections.

Bitcoin's going into mainstream is actually inevitable. That is why the government is closely eyeing on it so that bitcoin won't gain an edge over their fiat or controlled currencies.

Well, people tend to generalize things based on their experience due to cognitive bias, instead of checking the data themselves ¯\_(ツ)_/¯. Their computation was from October last year, so your estimate is probably closer to the actual percentage.

Bitcoin has become more popular than before but to say it has achieved global popularity, I think it is not there yet. There is still a large segment of the population that doesn't know what it is, some have heard of it but never took the time to learn or invest in it.

We can do a live survey right where we live to see how limited bitcoin adoption still is. Like my family and neighbors, only me and my brother know and own bitcoin. The rest of my family didn't even bother with it, and neither did the neighbors. They never paid any attention to it even though they all heard of bitcoin.

Bitcoin is not as popular as we think. That is why many people say we are still in the early stages of adoption and they are not entirely wrong.

Wrong opinion then. FUD has a negative impact but it is among the least important factors. People who fall for low level FUD like "Bitcoin is a ponzi" don't deserve Bitcoin. They deserve to stay poor.

Anyway, people are pretty dumb on how they approach the adoption topic. Is someone who does not know anything about Bitcoin, does not have the faintest idea how it works or how to use it but has some in an ETF or on Coinbase a Bitcoin user? Sure, they are an owner but would you consider them an user? If you factor this into the analysis then the number drops down even further (yes I know that the quoted data was exactly on owners -- but this metric is worthless to me and the mentioned example explains why). On the positive side, that means that the potential upside from where we are today is still enormous -- much more than many believe.

Don't write this generic and vague shit. Bitcoin is pretty obscure and very few people know how to use it or how it works. The number of owners is considered at 1% of the population as is already posted in this thread. This is nowhere near "global popularity". You can say that Facebook and Instagram have global popularity, but not Bitcoin.

It's probably still a long way off for everyday use, besides government regulations hindering its growth, price volatility and waiting times prevent many people from choosing Bitcoin as part of their daily transactions.
But that doesn't mean that this will mean that Bitcoin doesn't have the opportunity to be part of everyday life, it may take longer to develop and require lighter government regulations, thus providing space for Bitcoin to become an alternative payment for people who want to use it in their daily life.

The challenges bitcoin users having before it can reach mainstream adoption are not what can be overlooked by the government, they’ll suppress and not allow bitcoin to reach that stage of freedom it deserves. The technology of bitcoin is not confusing, so I don’t think that’s among the reasons that’s stopping it from mainstream adoption.

Price swings is actually a thing of concern but when understood better, one can actually get to benefit even from that state in the market. Bitcoin is a one man army and with time, the government may not be able to fight them again and gives it the freedom it deserves. As long as adoption doesn’t stops, bitcoin will reach greater heights than this.

That's not a big issue. Your friend needs to know that there are third-party services available that will immediately convert Bitcoins accepted as a payment to fiat without them having to wait and do it manually by the end of the day. This means, that if he starts accepting Bitcoin or other cryptocurrencies at his store, and use a third-party service, as soon as someone pays with Bitcoin or another cryptocurrency, the collected amount will immediately be sold at the current market rate, so that the vendor doesn't have to incur any losses due to the volatility in the asset's price.

So, this isn't a problem, but the problem is that there aren't a lot of people who are ready to spend their Bitcoin or cryptocurrencies for payments, because most people in the world right now are only treating Bitcoin as an investment asset and not a payment method, which is why they only buy and hold or trade and never buy and use Bitcoin for payments even if the option is available to them. This might change in the future, but for now, it's the reason why cryptocurrencies aren't becoming mainstream payment methods, in my opinion. :)

Exactly FUD has a negative impact on the industry by causing price drops and making early investors feel nervous about their holdings.The rate at which bitcoin has grown most persons still believe whatever wrong information they see on the internet about bitcoin.Most persons really need a financial advisor because their mentality about the digital age is outdated.What I do ask people is;if bitcoin is a ponzi scheme what about the countless memecoins and shitcoins in the industry.Bitcoin isn't a ponzi scheme,many people just have to update the way they think about Bitcoin.

What do you mean people can't use it on their daily live? You means people don't use it to trade as in been able to use it to buy something and sell using Bitcoin as utility. I don't think we are in any position to tell people how they want to spend their Bitcoin, some people see Bitcoin as an appreciation assets, something that will grow value tomorrow, it will makes sense for them to spend their fiat and keep their Bitcoin for as long time they want to keep it.

What's confusing about Bitcoin as a technology, you need to be more open and details about your discussion, as far as Bitcoin is concern, there is nothing confusing perhaps you don't understand about the tech. It's better you ask questions instead of you generalizing about something you know nothing about. You made mention of environmental impact? What do you mean by that? If Bitcoin is this complex like you said I'm very sure that countries will be concerned about it more than you have shade and stress it from your post.

It only goes to show that since people are scared of what their government can do, the government end up taking advantage on them and fool them about how incompetent fiat is, but still they require them to stick on fiat and get rid of bitcoin. Those who are blind about it will continue to believe that the government is right, but those who knows exactly what's going on and have seen already the real potentials of bitcoin, they won't easily trust the government at all, but instead they secretly find means to access with bitcoin without the government's awareness.

From my observation, I think one of the things that stops bitcoin from going mainstream is the media! Yes the media can be ambassadors to sell this asset but unfortunately I think they do more harm especially when something bad happens like say a hack.. they will be everywhere almost like saying I told you so BTC is high risk.. already today was watching the crypto Queen news on BBC, mahn they really were loving this , I could see the smirk on their faces. Otherwise govt reason is top reason.

https://youtu.be/VAoSHnNJk0Y?si=zBZbAIOtYWv8rInw

This is not the right way to explain why Bitcoin is not a ponzi, but otherwise your post is correct. One needs to fully understand the definition of a ponzi scheme and how it operates to be able to use this knowledge to easily dismiss such claims. Merely having superficial familiarity with the term ponzi, which is the case for most people that know it at all, is not sufficient.

There is no central organizer, there is no business, there are no promises (if you believe random people on social media blame yourself and them -- this has nothing to do with the thing itself, i.e., Bitcoin in this example), money is invested/exchanged for the asset/currency in question (and not given to earlier investors). There is not a single resemblance to a ponzi scheme.

As I have already stated here in this post, this is not a big obstacle. You can't educate someone who refuses to be educated. This is the case with most people. They literally don't know anything about anything in the world, and many of them are confident in their knowledge even though they know absolutely nothing. The media wave will change eventually, but neither is it good for society overall if people buy Bitcoin only because someone told them to on the TV. If you are short-sighted this might seem like a good thing, but if you have the capability to think long-term and deeply about it -- then this is not a good thing at all. It continues to foster the sickening of the average human mind and blind belief in authority, things that Bitcoin stands against.

I know right that what I said wasn't sufficient enough to convince an individual about Bitcoin not being a ponzi scheme.Most individuals are familiar with the term "ponzi scheme" but they are afraid of participating on any digital asset because probably they've been scammed in the past,just like a scam project that was booming then in my country and alot of persons were victims of the scam project.What makes you feel they'll be comfortable with other digital asset?the phobia of been scammed can't be erased easily.One thing to know about ponzi scheme is that it uses the money of newer investors to pay early investors,and Bitcoin hasn't given such report in the crypto space.

Why do you think Bitcoin is not already a normal part of everyday life? Maybe you have such an opinion because you live in a country where it is not possible to pay or buy anything with Bitcoin, but the reality is completely different if you look at the global picture. There are thousands of online places where Bitcoin is accepted as a means of payment, but also hundreds (if not thousands) of physical locations where you can pay with BTC.

However, it is not realistic to expect Bitcoin to replace fiat currencies because it was not created to replace them, but to be an alternative. In addition, the world is deeply centralized and the very idea that Bitcoin represents is in complete contrast to today's way of life of the average person.

I think there are people who are very happy that there is an alternative, whether it is Bitcoin as a cryptocurrency or as an asset that serves as a hedge against inflation. As long as that may seem to some, Bitcoin has only been around for a little over 15 years, and in that time it has achieved quite a bit of success, the biggest of which is that it still exists despite all attempts to "kill" it in various ways.

While this can most certainly be true, i.e., that it is a piece of the puzzle that does not make their position valid. Pretty much every single person in the world has been scammed in one way or another. If they would follow their own logic consistently, they would never leave their house again and interact with anyone else because they might be scammed again. This is just a consequence of being uneducated, which most people are, and it does not justify their position. For there to be justification, the reasons must make sense and be rational. Dismissing Bitcoin because someone scammed a person is simply proof that the person is a coward who does not take responsibility for their own actions.

Chicken and egg. You will see many people bring up this argument of lack of places accepting Bitcoin. How many merchants have they on-boarded? Zero. If someone wants this to change where they live, then they need to act and be the change. There are places and communities in the world where they have made this happen. I don't see this as an issue relating to Bitcoin but rather it is a reflection of the current diseased society.  ;)

Bitcoin will only become a mainstream if there are no barriers along the way, if the government starts to be open and accept bitcoin as an alternative currency to fiat. So far, there is no other way, global adoption is the only one we're lacking and bitcoin is good to go.

But I don't think it will as easy as it is. The government will never accept something that they can't control, or they have less control, that's why its hard to push bitcoin to become mainstream and be used as a legal tender or an alternative currency.

Where you expecting the government to be in favour of Bitcoin that is decentralized? The government can never be in favour of anything that they can't influence, so since they can't influence Bitcoin they are not in support of it, and if they have their way am pretty sure that they will terminate Bitcoin, but funny enough they can't have their way, so for that case  they have to accept Bitcoin the way it is. And secondly we who are Bitcoin enthusiasts are not really doing Bitcoin good, because we are not frequently using Bitcoin for the main purpose it was actually created for which is transacting with it, rather will prefer to only accumulate Bitcoin and hold for long term, because it is store of value with potential returns, although planning to hold Bitcoin for long term is not bad, but will should also transact with it.

There is no law written anywhere that Bitcoin must be spent. The institutional investors that are pouring billions of dollars into Bitcoin market every week are buying and holding, the purpose was to buy enough and then hold it until they are ready to sell them for profits, the utility demand is very low, which organizations is ready to accept transactions worth billions of billions in a day, we have them but there is none that is ready to chest. The close institutions is the government but they are avoiding it for some reasons best known to them, the only time they understand true value of Bitcoin is when the election is coming.

What you say makes sense, because in an environment where no one shows interest in paying with cryptocurrency, sellers will rarely be the ones to make the first move. However, in some countries it may not be wise to go around asking merchants if they will accept Bitcoin, as this may pose a threat to your own security.

At the end, there is also the question of how practical it is to pay with Bitcoin today, given that more and more payment processors through which transactions are carried out conduct crazy AML controls and refuse transactions under the pretext that they are risky/coins tainted.

I don't really agree with this view. I believe that the risk is overblown and that people here and on other social media are suffering from negative media bias. This is also one of the reasons why many individuals are scared to do P2P transactions in any amount, because they have read very bad stories about this. However, the issue in neither case relates to the thing itself. Of course if you approach some random stranger online to do P2P you will probably get in trouble. The sentiments of people here do not reflect the reality on the outside, as the P2P trading industry is massive. Similarly, if you approach random merchants with "I have a lot of Bitcoin I want to use it" or if you tell them you were invested in Bitcoin for a decade what do you expect is going to happen?

Everything in life is extremely dangerous if you do it wrong. Even drinking water is extremely dangerous if you do it wrong. You need to do things correctly to minimize and contain the risk. Therefore, on boarding merchants can be done in a safe manner. If it was not possible, nobody would be doing it. I assure you, there are groups of people doing this in many places of the world every day.

This is not going to happen as long as mainstream payment providers are not used, you know those that don't care about Bitcoin but only care about making their fees. I have never had this happen to me.

Well for starters, Bitcoin is already on the mainstream, it has a very large adaptation, and usage, in fact, people call it modern money, so yeah it's mainstream already, but if ur talking about incorporating it into the economy to be wildly acceptable across all works of life, that won't be easy, but I think one way to make it very possible is to be able to provide an offline means to exchange BTC, maybe you can carry a barcode or something that contains x amount of Bitcoin, whoever scans it, automatically it gets transferred u know tynz like that, it will make accessibility easier, I think ease of access and operation is one of the biggest hurdles

Exactly. There is no law that requires people to spend it like a currency rather than just hodling it till it gain profits. But once global adoption is achieved, maybe we can be encouraged to step up and make the move to spend bitcoin. For now, let's just keep buying and hodling while opportunity to profit is here, as even the big institutions are hoarding bitcoin.

Leave whatever the government wants. If I'm not mistaken they are also silently buying bitcoin, they just do it under the table.

even if bitcoin is widely adopted globally, we still cannot spend bitcoin without government permission. Therefore, whether bitcoin can become and be used as a currency will be decided by the government, not us.

i think you are wrong, the government cannot buy bitcoins secretly. because to be able to buy bitcoins, the government needs to use the national budget (taxes). And to do that, things not only need to be public, but also need to be approved by Congress. So there will never be a situation where governments are secretly buying bitcoins. This is a hypothesis, baseless speculation.

It is very smart way to look at Bitcoin debate. You are correct that government now decides whether Bitcoin can be real money or not by regulating its legal place and by giving rules to banks and exchanges, that is, government controls to large degree whether Bitcoin can become complete currency or not. But you are also right to ask that governments can buy in large amounts secretly since spending of tax funds needs okay from people and lawmakers and thus massive secret purchases are not possible because of rules regarding money.

Bitcoin does not even have a 5% penetration rate, and therefore it can not be called mainstream. In the context of this discussion it is not even necessary to talk about merchant acceptance yet as the adoption is still so low.

Terrible idea for exchanging BTC as it introduces more trust assumptions, but it is a great idea for scamming people with fake BTC.

No, that is not possible. Individual government members can buy it secretly, but a democratic government is not able to buy it secretly.

Another retarded statement by shitposter. The whole point of Bitcoin is that you can spend it without anybody's permission. Don't write these lies here, go to the fucking gambling discussion you 3rd world imbecile.

Wrong. The government does not decide what is real money. They decide what is legal tender. One has nothing to do with the other.

Bitcoin challenges are much and when it’s to look up to that before getting the major attention it needs to  breakthrough and be used as part of daily life routine, it will never get to achieve anything. The people using it have to just see its flaws, and learn how to use them without using that against it, that’s the only way bitcoin can be well adopted more in general, or everyone will always have something to look back to, that will discourage their use of Bitcoin in the future and daily life.

It is already a normal part of everyday life for those people who are living in a country where bitcoin adoption as a currency is high, because they can already utilize bitcoin well and use it as an alternative to fiat on the things that they aim to purchase.  Even for majority where bitcoin is an investment tool, I believe it's part of our everyday life's existence, without checking on it daily, without seeing how the market moves and how bitcoin reacts on it, it's like living life lack of meaning and value, most especially if you get used to it doing everyday.

It is true that in places with strong Bitcoin adoption, using it daily becomes completely normal.People get comfortable paying with it just like they do with fiat, but I get what you mean about Bitcoin becoming part of everyday life even for investors  and once you follow it regularly, it becomes a habit.

That won't be easy, the government will not allow that to happen not unless they're like El Salvador that have adopted it as a legal tender and have a fully belief on it that it will be a good way for them to put their economy up.

It's true that bitcoin is beyond their control and having a limited supply won't convince them. Because government is all about control and centralization and Bitcoin doesn't have that.

But with that factor of Bitcoin, it makes it even more valuable which makes it as the money of people. Forget about that adoption in the mainstream because it's already in.

Bitcoin is increasingly featured in TV series. This indicates that even more housewives (I'm joking, referring to even the most ignorant segments of society) are learning about Bitcoin and cryptocurrencies. Yesterday, I was watching a TV series in the background, and there was talk of someone investing in cryptocurrency. Based on this information, you can see that everyone on earth knows about Bitcoin and cryptocurrencies, even those who aren't interested in expanding their horizons. Previously, I only heard about Bitcoin on TV in the news, because they were surprised by its price rise.
And I'm glad adoption is happening. I believe Bitcoin will overtake the dollar as a store of value in the future.

No matter the conditions now and ever, bitcoin cannot be stopped, if it can survived the 16th year of its invention without compromise or denial, then everything about it will only wait for the right time to manifest, because it cannot be resist form getting to where its destination is, we needed bitcoin more than it requires from us when it comes to financial economy and decentralization for our own benefits.

Aside from technological limitations and "flaws", it does not have flaws. Usually those that think that they are smart enough to figure out "flaws" in Bitcoin are people who are peddling you their own snake-oil. If you have not happened to notice, very few people who started a shitcoin have contributed anything at all to Bitcoin before they went on to pursue their get rich scheme.

Not every government is hostile to Bitcoin and those that are forward thinking know that there is no way that they can actually stop it. Legal tender helps with adoption but it is not necessary. In any case once you figure out that you can't stop Bitcoin the best thing from the perspective of a government is to legalize it so that you can tax it. Even if you outlaw it, people will use it anyway and this is a net negative for the country.

The supply of Bitcoin has nothing to do with this topic.

Very wrong. Everything can be stopped under the right conditions. If it were not possible to stop it then there would not be a reason to continue developing and fixing bugs in it. We live in times that are rapidly changing in a variety of ways. It is imperative that Bitcoin continues to be future-proofed as only that way can it have a chance of surviving for a long time.

I agree, legal tender isn't really necessary as long they are either supportive of it or simply have no intention of banning it.

And you're right that it's where most of these countries are going, they'll just going to take advantage of it when most of their people have earned and earning from it and that's to tax it.

True, everyone who have it will find a way to use it and this is happening in those countries that have banned bitcoin.

From the beginning, this condition cannot be changed because after all, when bitcoin wants to be used as a payment option, it is certain that with its decentralized system it will be strongly opposed because the fact that they are at odds with the government is very real.
Only it does not rule out the possibility of something like this happening because currently there are already several countries that boldly make bitcoin a payment option but on the one hand when the development of bitcoin changes and becomes more complex where they are currently one of the promising investments then I think the choice has also changed a little and not a few people will love making bitcoin as a means of transaction and prefer to make this an investment including me.

The number one reason why Bitcoin’s full adoption will always face resistance from the government and other financial institutions is its decentralized nature, because since they’ll not be able to have any form or level of control over bitcoin (like they’re used to having over money) they’ll try hard to make sure that the one they can control remains generally adopted, because if they allow bitcoin gains mainstream, it’s as if they’re losing their economy to a strange financial system they don’t even know about, like we know, every economy is tied to its financial structure.

That might be the view of governments with high-sector economies, sound financial health, strong balance sheets, and virtually no debt. But, I don't think that's the only reason they remain skeptical and unaware of current financial developments, although the desire for dominance still makes sense.

Countries with weak economies and poor financial conditions understand that BTC is a win-win solution, not something that is so bad significant in society when conducting trade.

Another major challenge slowing Bitcoin's widespread adoption is the mainstream media, which often highlights mainstream issues while highlighting its negative aspects, including extreme volatility, links to money laundering, and, when investigated, the involvement of irresponsible individuals, as well as the issue of climate change caused by mining. This indirectly biases public opinion and creates negative perceptions, leading to unequal education amidst the current development of financial technology, which is slowly shifting from conventional to digital.

They make it an option on their terms + they usually allow it only if BTC is converted back to fiat when the transaction occurs.

Still..Times and realities change quickly in space like this, so maybe this will one day this will change too.

Bans are good when they work, otherwise they are terrible. We've seen it with many things from alcohol to drugs, they have never worked. They cost money, they create chaos and overall downsides. With Bitcoin it is even harder because enforcing a ban is impossible unless the country turns into some Orwellian nightmare. Even in such a system it would still not be able to fully stop people from using it.

Bitcoin is not at odds with the government in the context of the discussion that is being held here (it is at odds, but from other perspectives). It is legal in most countries of the world and in plenty of those it can be used as a means of payment by merchants that want to accept it.

Bitcoin is adopted by almost every major financial institution of the USA, therefore such generic statements are useless. They were true in the past, but they are no longer true.

Virtually no debt? What the fuck are you talking about? Every single government in the world is in debt, most are very deep in debt.  ::)

Win-win? That assumes an optimistic outcome. Even if the chance of this happening is slim these days, if Bitcoin were to be fully rejected then they would be in a losing position. Therefore, it can not be a win-win solution.

These articles are for the dumbest people of earth, the sheep that the shepherd controls how he sees fit. It is not worth considering -- the media turns around when the money giver tells them to change the narrative.

It might be a different story if the government first realized the existence of bitcoin and they controlled the supply in circulation then the regulatory and mainstream process would be easier. Unfortunately, because the government has just realized the potential of bitcoin, and is not the largest holder from the beginning, they will also make it difficult plus the pretext of bitcoin cannot be controlled.

Some countries that are already open are going against the grain and ignoring banking principles because for them it is better late than never having bitcoin at all. Although so far the goal is only limited to investment assets.

That's true.

No matter how intensive they will be for a ban, people will still find a way to keep on using it.

We know it as some of the members here are from the countries where Bitcoin is banned, and they're still able to earn from it.

Soon, IMO these countries are simply have no option but to take and adopt it for them to have that interest like the other industries that they support.

Besides going around the forum looking for people to counter their posts, is there any other meaningless things you do or contribute to discussions?

Well just so you don’t know, there’s life outside the USA, and bitcoin is an asset that’s adopted in every other countries of the world and those countries have governments and financial institutions that haven’t yet adopted bitcoin. So when I talk about Bitcoin facing resistance, I believe your junky psychotic brain should’ve told you that I’m talking about those other countries and not the USA.

When did the challenges start? Do you know that since the creation of Bitcoin it has been facing these challenges and it still keeps growing? No regulation will stop Bitcoin, the price movement is just a market condition based on inflation in some part of the world, and Bitcoin will soon recover because centralization can never defeat decentralization.

Governments are willing to control Bitcoin, but they couldn’t, that is why they doing everything to make sure they affected the fast growth of Bitcoin, but it is too late for them because the number or percentage of Bitcoin adoption across the world cannot be negligible because they are also large. Instead of critics, buy your Bitcoin.

People are just not used to change. They don't like things that stir up the status quo of things. There are already traditional ways of exchange, traditional ways of saving or investing with money; they are not used to a new way. This new way didn't come from big corporations that have deep pockets and connections to smooth the way for its growth. The new way is something that is just growing organically by the few who see it for what it is.

Most times, people give humans too much credit, and they're often wrong. You'll hear phrases like "a good product sells itself" and "people will always choose the good candidate". This is not always true. If a very good and competent human being becomes a politician and is contesting for a position, if he doesn't campaign properly and does the necessary things for that election, he won't win. Ordinarily, you will think that people will just use their heads and vote for the better candidate, but that's not always the case. The politician needs to campaign from district to district, lobbying, promising and trying to convince people that he is the most competent one for them. Humans always need a push

Bitcoin doesn't lobby or campaign, neither does it advertise. It's either you see it for what it is, or you don't. Evidently, we can see that a good number of people don't, at least not yet.
I believe Bitcoin will continue to gradually grow in adoption, but at this rate, it might take up to fifty years before ten per cent of the world starts using Bitcoin.

All the hypes you say… there is no hyped about Bitcoin. The lots you’ll hear of it is out of its proven history and there isn’t any group or body that takes on its advertising other than Bitcoin enthusiasts just speculating on what is expected of Bitcoin in time.

There are challenges alright but, these challenges are not the type that would halt Bitcoin but rather, acts in the slow progress of Bitcoin. Bitcoin would come to attain mainstream someday but, for that to happen at a pace, government needs to take a stand which would in turn encourage investors to use the currency.

Most persons hold back today because, the remain uncertain of what regulations the government might impose.

 Bitcoin becoming part of everyday life for me I think it's a matter of time and weather or not we like it the truth remains that becomes will take over someday. I am certain that it will take over the world financial system someday even if it means taking over individual sates and countries until it goes round the globe but I know it will surely take over.
One of the major challenges of Bitcoin is the government policy like you have highlighted the government now days are not really concerned about the welfare of her citizens they are only concerned about there selfish interest and hence why they won't accept Bitcoin as a legal tender but I see a situation whereby in the future Bitcoin becomes the only remedy to the traveling condition hence has to be adopted. If the government and all her policies are put in a corner where they have no choice than to adopt Bitcoin policy then it will be easier for Bitcoin to mainstream.

That could be true but even if they realize this early on they ultimately can't control it other than trying to minimize it as is happening now because after all the concept of controlling bitcoin will never work for the government especially if the benchmark is long term.

Those are some good options for governments that are trying to go against the flow of the fiat system that is always emphasized even though it is clear that this requires courage because the challenge is much greater but those who are already in bitcoin feel the benefits and one example that is currently inseparable is Elsavador.

When they have seen the benefits even though it cannot be mastered in its entirety but they know that they are still very able to benefit from it because after all, trying to force it by continuing to ban bitcoin will only be futile for now.

Indeed, in terms of conditions, especially the nature of bitcoin which is indirectly contested, it will make the government's situation more difficult, but if they try to fight and continue to be passive, it is certain that bitcoin will far exceed what the government thinks.

The government has certainly a big role for bitcoin to become mainstream someday, and I have high hopes that they will give it to bitcoin. After all, bitcoin will always be the alternative currency while physical fiat will stay as the official currency, so there's no real competition with that, but only the people are the ones creating fuds that bring confusion to majority.

Bitcoin is here for the people so I hope the majority will realize it. Be it as a currency or as an investment tool, its always the people that have gained advantages, so the government should also see to it that their decision for bitcoin will always be for prop-people, not for their own advantages.

Even with all the resistance from government, it has only went as far as temporarily slowing its growth and not permanently. Since bitcoin’s growth and adoption has never been tied to any government or a particular economy, its growth has and will always exceed their expectations. A lot of governments has seen already that there’s no point fighting it and has changed their strategy, some countries have now adopted Bitcoin as their country’s reserve currency, some as a legal tender which is a major breakthrough for Bitcoin.

There is problem is in the world and all these you have mentioned are affecting every digital assets you can mention. The government want to have control over every position thing they would have to support so they can regulate it. In the case of Bitcoin, government have started to support Bitcoin and we have been seeing investment in Bitcoin from the South to the West, from the East to the North. The adoption of Bitcoin is increasing improving the way people are seeing Bitcoin as not just an asset but a digital money that can be used to buy anything online and the payment of services.

I have contributed more to Bitcoin than your entire bloodline combined and possibly even the entire city that you live in. Meanwhile, your biggest contributions are writing generic shitposts and avoiding a ban. I've left you a negative tag for this. Learn to respect the rules 3rd world idiot.

Pretty much most countries are irrelevant, especially the 3rd world shithole that you live in. USA matter more than 95% of all countries combined, but keep drinking that kool-aid of Dunning-Kruger expertise.

Unfortunately, misplaced pride and fragile ego is what prevents these people from admitting that they live in shitholes. Only the worst run governments would consider banning Bitcoin as it is completely unenforceable. Not even China's firewall can stop it full, therefore it makes no sense to even try.

If the population wasn't distracted by all kind of stupid things, they would consider voting for candidates that actually would improve things. Instead most of them always vote according to party lines. We are already living in a lite version of 1984 considering the stupidity of people and the ways that the live, the only thing that we don't have that much is physical torture and enforcement of this kind.

The reality of our reality is that most people are slightly smarter than rocks. Free will is an illusion. The majority of people have very little or no free will at all. Rejecting change is a classic sign of a mind that has very little free will. An advanced mind always embraces good change and tolerates bad change as it knows how to analyze and determine the best course of action/response (externally and internally).