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Bitcoin => Bitcoin Discussion => Topic started by: m2017 on March 18, 2022, 12:01:55 PM



Title: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on March 18, 2022, 12:01:55 PM

Reading this forum, I periodically come across posts that glorious times will come when bitcoin will be used everywhere to buy and sell any services and goods around the world. I am amazed and surprised by the optimism of some people. There is an aphorism that goes something like this: optimists are people who are ill-informed. I'm trying to look at the situation from a realistic point of view and this is what I see.

Residents of any country in the world can officially use only the national currency as a means of payment (if somewhere this is not the case, then correct me). Of course, you can pay in any other currency in a dark alley, if you agree, but the only legal means is always the national currency of the country of your residence. If you look at the situation from this point of view, then why would the governments of any country allow the use of bitcoin as a means of payment? Other currencies are not allowed, but bitcoin will be allowed. Why would governments suddenly be given such privileges for bitcoin? For me personally, this is obvious and my forecasts are pessimistic in this regard. The maximum, in my opinion, that they will allow is to officially invest in bitcoin and generously allow you to share % of the profits with them.

It's funny (or not so) true, once you make a profit, they demand a share of your profits, but they don't minimize your risks in any way and don't compensate for losses. This is a small digression.

Now we come to the point that I would like to discuss.
As you know, bitcoin can be easily used as a currency in p2p transactions and no government has any influence here. But what about legal entities? For example, small shops, bars, etc., where now you can pay with BTC (By the way, there are not so many such places). It must be legally difficult to get it right. And what about those in whose countries it is difficult to overcome bureaucratic obstacles and calmly accept bitcoin in their shop?

Can use the "accept as a donation" option instead of paying? In this case, will it be possible to hold you legally liable in your country? Will government agencies be able to punish this method? I understand that each country has its own legislation, but I know examples of countries where under the guise of "donations" religious organizations enrich themselves without paying a penny of taxes (officially and legally exempt from taxes). For example, this organization rents out rooms to pilgrims (and not only) in its "hotels" and the price list indicates "donation" and not payment for services. With this example, I wanted to show that the model of paying for services / goods under the guise of "donations" is quite real and feasible, and if use bitcoi for this, it can be even easier.

The community is waiting for the world to accept bitcoin to be used everywhere. Maybe it's worth trying actions that will speed this up? For example, encouraging buyers of your store's products or providing car repair services. You can offer a discount if pay in bitcoin. This will be beneficial for the buyer, and you get BTC for your purchases from other people, too, at a discount, or in a pinch, leave it as an investment.

Donation + discount when paying in BTC can be combined. Discounts could encourage people to use bitcoin and bring mass adoption closer through more users. In the end, BTCitcoin should circulate in society / economy, like blood in a living organism, and not stagnate and stale.

What can you say about this option? Will it be legal to use it?


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Tytanowy Janusz on March 18, 2022, 03:14:15 PM
Residents of any country in the world can officially use only the national currency as a means of payment (if somewhere this is not the case, then correct me). Of course, you can pay in any other currency in a dark alley, if you agree, but the only legal means is always the national currency of the country of your residence. If you look at the situation from this point of view, then why would the governments of any country allow the use of bitcoin as a means of payment? Other currencies are not allowed, but bitcoin will be allowed. Why would governments suddenly be given such privileges for bitcoin? For me personally, this is obvious and my forecasts are pessimistic in this regard. The maximum, in my opinion, that they will allow is to officially invest in bitcoin and generously allow you to share % of the profits with them.

I think you are wrong here.

Legal tender (national currency) - "is a form of money that courts of law are required to recognize as satisfactory payment" (wiki) (https://en.wikipedia.org/wiki/Legal_tender). So it does not mean that you are forced to use it to pay for something. It means that you are forced to accept it if someone is trying to use it to pay for something. So you can legally pay for TV using your PC (barter exchange - Is bartering legal in the US? (https://www.wolterskluwer.com/en/expert-insights/irs-cautions-bartering-transactions-are-taxable-transactions)) if someone else is accepting such payment.

Many shops in my country (especially those close to borders) have 2 prices on each product (national currency and euro) so that tourists could easily pay using both currencies.



Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Lucius on March 18, 2022, 03:42:13 PM
Quote
What can we do to speed up Bitcoin mass adoption?

If there is a physical or online store where you would like to pay with Bitcoin, then you should ask them if they can add that payment option. If more people were interested, the store would certainly consider this option. Sometimes it’s better to act than to wait for something to happen on its own. I see that we agree on that, and I think that is the best way towards that kind of adaptation.

Residents of any country in the world can officially use only the national currency as a means of payment (if somewhere this is not the case, then correct me).

Your view of the situation is based solely on where you live, but I live in a relatively small EU country where Bitcoin is not regulated as a currency, but at the same time it can be used on various online sites but also in physical stores. The fact is that the state cares exclusively about collecting taxes, and all those who operate legally are liable to pay taxes. In addition, sellers use a local payment processor that allows them to get a fiat directly to their bank account, in the end, it is a win-win situation for everyone.

However, one thing we must not forget is that most people do not see Bitcoin as a currency, but as a speculative asset - which leads us to the fact that the volume of such payments would probably not increase significantly even if Bitcoin becomes a legal tender in most countries.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: mk4 on March 18, 2022, 03:59:57 PM
I still mostly hold the opinion that bitcoin won't be used by the mass majority for payments any time soon. First, they need to know the importance of BTC as a decentralized and scarce asset that you can park a certain percentage of your net worth in. We're nowhere near having most people knowing that just yet, it's mostly still that BTC is a get-rich-quick scheme.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Vaskiy on March 18, 2022, 04:01:25 PM
Recently I read about some physical bitcoin store located in a country that helps people with the guidance on buying, selling and using bitcoin and other cryptocurrencies. The same technique has been mentioned in the above quote.

 Physical Bitcoin Store (https://techstory.in/portugals-first-physical-bitcoin-store)

Think of a physical bank. In my country it is possible to see people without knowledge about banking having their bank accounts and transactions made with the help of the help desk in the banks. Though the support is done through a third person, it makes people know about banking and get used to it. Same as this bitcoin stores can help people know about it and the same will lead to widening of the market.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: fiulpro on March 18, 2022, 04:15:21 PM
I really doubt that you might be able to get a discount while using bitcoins in any shop, there is a lot of volatility involved and at the same time people generally don't have enough profit margins to integrate the discounts in there. It's certainly legal to pay for anything with bitcoins as long as the currency is not really illegal in your area and also there are also bitcoin machines everywhere now, even in small towns therefore I think we can use those things to create a better environment making it more normal for people to buy/sell/trade easily anywhere.
There are also bitcoin banks which might be working soon enough and at the same time there are also countries like Ukraine who are accepting bitcoins on a broader basis. Using NFT's and donations as well, they will also issue bank cards for people using cryptocurrencies like bitcoins for trading etc.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Natalim on March 18, 2022, 04:23:02 PM

Donation + discount when paying in BTC can be combined. Discounts could encourage people to use bitcoin and bring mass adoption closer through more users. In the end, BTCitcoin should circulate in society / economy, like blood in a living organism, and not stagnate and stale.

Why would a company or a business owner give a discount to people? What for? I mean they are doing business, it's their purpose is to be profitable, and giving discounts would mean they'll lower their income. If we look at the volatility side, that alone is a risk that business owners will take, of course on the positive note, they can also enjoy high profitability when the price is bullish, but as I said, that volatility is a major problem for most businesses which the main purpose is to use bitcoin as a payment system.

IMO, an increase of adoption is only possible when governments fully regulate crypto.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: hd49728 on March 18, 2022, 04:34:06 PM
Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.

Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.

More education, better support, more adoption, brighter future, higher price.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: OgNasty on March 18, 2022, 04:41:17 PM
Seems to me like we've already hit some pretty insane adoption levels.  Even high school kids nowadays own crypto.  Granted it's usually ethereum, but they are very familiar with the whole ecosystem.  The thing that seems to need acceleration is actual use of Bitcoin.  Wall Street is scooping it up, billionaires are promoting it, businesses are adding it to their balance sheets, more and more people are accepting it for payments...  Actual usage appears lower than it was 5 years ago.  Maybe this is due to the popularity of altcoins, but it makes me sad to think that Bitcoin's main use case is buying altcoins.  We need to see more people using Bitcoin.  Back in 2011 there were people on these forums using it to bet on Monopoly games or anything else you can think of.  Now it seems everyone wants to HODL but also wants adoption to spread.  It's an interesting scenario that has so far played out in price appreciation.  I don't think that will last forever.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: amishmanish on March 18, 2022, 04:43:47 PM
The thought that Bitcoin would be used for payments mostly evolved during the initial 6-7 years of this forum and Bitcoin. People loved giving example of Bitcoin's ease and speed versus a wire transfer or a cheque payment.

Things changed a lot as Bitcoin became common in developing countries like India, Indo-China etc which surprisingly, have far better banking practices than lot of Europe and America. The availability of a "scan-to-pay" fucntionality in these countries has been far more pervasive way before Bitcoin became a thing.

Arguably, Bitcoin is still better than wire transfers for international settlements. This use-case has been overshadowed by evolution of hundreds of new alts and the question that needs to be resolved is regulatory in nature. How will Bitcoin be regulated? If it can't be, then what about the Alts? The question is no longer of adoption. It won't matter to the governments that everybody is using it. It doesn't matter when or how mass adoption happens.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: mk4 on March 18, 2022, 04:47:56 PM
Seems to me like we've already hit some pretty insane adoption levels.  Even high school kids nowadays own crypto.  Granted it's usually ethereum, but they are very familiar with the whole ecosystem.  The thing that seems to need acceleration is actual use of Bitcoin.  Wall Street is scooping it up, billionaires are promoting it, businesses are adding it to their balance sheets, more and more people are accepting it for payments...  Actual usage appears lower than it was 5 years ago.  Maybe this is due to the popularity of altcoins, but it makes me sad to think that Bitcoin's main use case is buying altcoins.  We need to see more people using Bitcoin.  Back in 2011 there were people on these forums using it to bet on Monopoly games or anything else you can think of.  Now it seems everyone wants to HODL but also wants adoption to spread.  It's an interesting scenario that has so far played out in price appreciation.  I don't think that will last forever.

Bitcoin's "main use case" isn't for buying altcoins for a while now, as the liquidity of x/ETH and x/USDC trading pairs have been a lot higher compared to the past now. And it's totally fine!

Unpopular opinion: holding bitcoin is using it. Each person will have different use-cases for bitcoin as each people's needs are different.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: hyudien on March 18, 2022, 04:48:46 PM
It's actually not that easy to encourage merchants in stores by suggesting they accept payments via Bitcoin. Here unless the merchant in the shop is a bitcoin lover. Maybe once in a while, if you really want to try it won't be too risky. However, keep in mind that the rules of a country that only allow one legal currency to be used for transactions will definitely be bound by that law. Because generally in some countries Bitcoin is only considered as an investment alternative that is equated with gold, stocks, and other types of digital asset investments. So that the transaction process outside the stock exchange that has been prepared by the government is clearly not allowed.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Welsh on March 18, 2022, 04:50:56 PM
While we've come leaps, and bounds in terms of usability, I do still believe we aren't quite there yet. We need to try, and simplfy Bitcoin, so that everyone understands it. At the moment, especially on securing your Bitcoin there's a lot to learn. Hardware wallets have pretty much launched has ten fold in terms of allowing users that don't have much knowledge on the security side of things, being able to secure it at a decent level. However, there's still the complication of them being a little too hard to understand, and use. For example, ColdCard is brilliant in terms of the technical side, however its just too hard to understand, and setup for an average person with no cryptocurrency background.

Unpopular opinion: holding bitcoin is using it. Each person will have different use-cases for bitcoin as each people's needs are different.
Yeah, Bitcoin isn't being used as a daily currency by the masses. Instead, they're using it for a means of potentially escaping the rat race that fiat promotes i.e they're using it as a reserve currency, as a way of escaping inflation. I don't have a problem with that, and even if pretty much everyone used it like this, it would still be valuable. I've said this many times, but I think the original purpose of Bitcoin has been lost by the many, and now they just see it as a potential way to make money, rather than acknowledging the problems with banks, and how fiat fundamentally stripes their freedom.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Maslate on March 18, 2022, 05:08:14 PM
I guess bitcoin will only be limited on its adoption, it cannot compete with fiat as some countries are planning, or maybe some already issued their CBDC which is way faster compared to crypto transactions, and probably less fee or no fee at all.

Crypto's edge is only the decentralization, therefore its adoption will be pretty limited only as not everyone needs that, unlike fiat where we use it on a daily basis, whether you are an investor or not.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: mk4 on March 18, 2022, 05:28:01 PM
Yeah, Bitcoin isn't being used as a daily currency by the masses. Instead, they're using it for a means of potentially escaping the rat race that fiat promotes i.e they're using it as a reserve currency, as a way of escaping inflation. I don't have a problem with that, and even if pretty much everyone used it like this, it would still be valuable. I've said this many times, but I think the original purpose of Bitcoin has been lost by the many, and now they just see it as a potential way to make money, rather than acknowledging the problems with banks, and how fiat fundamentally stripes their freedom.

Slightly agree, but I don't think it's necessarily "lost", it's just not ready yet due to the heavy heavy volatility. I think the best time for bitcoin to be actually used a currency is if it's already cemented itself as a great SoV with a good amount of adoption. Waiting for that time(whenever that is) would probably give us ample time for layer-2 solutions to mature as well.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: kryptqnick on March 18, 2022, 05:52:13 PM
Using Bitcoin as a means of payment is an option in El Salvador, I'm surprised the op doesn't mention that. Also, some cities allow some usage of Bitcoin in the US and, I believe, Switzerland, and there are countries that are looking into allowing using Bitcoin as a means of payment along with the national currency. And I do believe that more and more will allow it, but perhaps set some requirements. Some countries also have tax regulations for cryptos, so that people can report income and can make it legal. So the situation doesn't seem too pessimistic to me, and while I don't think Bitcoin will replace fiat, I think its usage will continue to grow and there will be more options to use Bitcoin as payment in the future.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: qwertyup23 on March 18, 2022, 05:55:48 PM
Donation + discount when paying in BTC can be combined. Discounts could encourage people to use bitcoin and bring mass adoption closer through more users. In the end, BTCitcoin should circulate in society / economy, like blood in a living organism, and not stagnate and stale.

What can you say about this option? Will it be legal to use it?

Just to add to your constructive post, I think one factor is the overall legalization of the use of bitcoin around the world. With some countries releasing their stance on the use of BTCs, there are people who view it as something negative which adds to their ongoing biases towards cryptocurrencies.

If the government of some countries acknowledge and view BTCs as something that can be transacted for the purchase of products/services, more people would be inclined to use it. I guess another factor is by making it legal tender to their respective countries- like employees may have the option of receiving their salary in cryptocurrencies, etc.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Kakmakr on March 18, 2022, 06:18:37 PM
OP, yes..... if a government does not accept Bitcoin as a legal tender, people can choose if they want to accept that or if they want to change that government to reach their goal. I think people has not come to a point where they see the need to use Bitcoin and not Fiat currencies..so they are not forcing the issue to get governments to change their minds.

Let's not forget that most politicians rely on "voters" to keep them in power.... and a lot of money to fund their election campaigns. I think we (bitcoiners) should create powerful companies that can influence politicians with money to reach our goals. The current people like Warren Buffet and Bill Gates are Fiat supporters, but the new generation will replace them..and we know what the newer generation supports.  ;)

This might not happen in our time.... but our kids might see that happen. (It might not even be Bitcoin)  ::)


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Welsh on March 18, 2022, 06:24:45 PM
Slightly agree, but I don't think it's necessarily "lost", it's just not ready yet due to the heavy heavy volatility. I think the best time for bitcoin to be actually used a currency is if it's already cemented itself as a great SoV with a good amount of adoption. Waiting for that time(whenever that is) would probably give us ample time for layer-2 solutions to mature as well.
Definitely isn't lost, its just currently with the volatility as you mention, it doesn't make a whole lot of sense. Holding it, makes much more sense. I basically, hold my Bitcoin, rarely ever spend it, and then do most of my spending in fiat. I think that's what most non traders are doing. In my eyes, and I know this is part of a problem here, Bitcoin at its current price is just too valuable to justify spending it. There's too much potential there if you get what I mean.

I don't think we're miles off using it as a currency though. I'm hoping within the next twenty years we'll be using it more as a currency, and not just a reserve fund. I'm just saying even if we didn't, it doesn't mean Bitcoin instantly becomes worthless.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Mahanton on March 18, 2022, 08:42:22 PM
Using Bitcoin as a means of payment is an option in El Salvador, I'm surprised the op doesn't mention that. Also, some cities allow some usage of Bitcoin in the US and, I believe, Switzerland, and there are countries that are looking into allowing using Bitcoin as a means of payment along with the national currency. And I do believe that more and more will allow it, but perhaps set some requirements. Some countries also have tax regulations for cryptos, so that people can report income and can make it legal. So the situation doesn't seem too pessimistic to me, and while I don't think Bitcoin will replace fiat, I think its usage will continue to grow and there will be more options to use Bitcoin as payment in the future.
Just remove out on someones mind on having that "Bitcoin could replace fiat in the future" yet this is something an impossible thing to happen no matter how Bitcoin would progress out on the future but still
wont be enough on kicking out Fiats ass in the waters because as long government do exist then there's no way that this thing would really be replaced out thats why its really a very wrong kind of mindset.
Speaking of speeding up mass adoption then let recognition and exposure do its job even though there are some bad publicity on which bitcoin could get but we know that the truth does prevail
and to those people who would seek out on whats its actual usage and utility.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on March 19, 2022, 06:01:02 AM
Residents of any country in the world can officially use only the national currency as a means of payment (if somewhere this is not the case, then correct me). Of course, you can pay in any other currency in a dark alley, if you agree, but the only legal means is always the national currency of the country of your residence. If you look at the situation from this point of view, then why would the governments of any country allow the use of bitcoin as a means of payment? Other currencies are not allowed, but bitcoin will be allowed. Why would governments suddenly be given such privileges for bitcoin? For me personally, this is obvious and my forecasts are pessimistic in this regard. The maximum, in my opinion, that they will allow is to officially invest in bitcoin and generously allow you to share % of the profits with them.

I think you are wrong here.

Legal tender (national currency) - "is a form of money that courts of law are required to recognize as satisfactory payment" (wiki) (https://en.wikipedia.org/wiki/Legal_tender). So it does not mean that you are forced to use it to pay for something. It means that you are forced to accept it if someone is trying to use it to pay for something. So you can legally pay for TV using your PC (barter exchange - Is bartering legal in the US? (https://www.wolterskluwer.com/en/expert-insights/irs-cautions-bartering-transactions-are-taxable-transactions)) if someone else is accepting such payment.

Many shops in my country (especially those close to borders) have 2 prices on each product (national currency and euro) so that tourists could easily pay using both currencies.
I spoke from the position of my experience and the characteristics of my region. Of course, each region has its own peculiarities and nuances. It is in your country you can use 2 currencies (EU and national currency), and in mine only 1. Other options are officially impossible. Even a business that receives income in dollars is obliged to exchange them for the national currency (such a tricky way for the government to take away $).

Your view of the situation is based solely on where you live,
Quite right. Everyone looks at any situation through the prism of their experience and observations, but we have some advantage - a forum. Here we can share our knowledge, information, experience, thoughts, which allows us to get a versatile and close to complete picture. To do this, I raised these questions in this topic in order to hear different points of view and look at the situation from different angles.

The fact is that the state cares exclusively about collecting taxes, and all those who operate legally are liable to pay taxes.
Indeed, so! This is its main function, everything else is idle talk.

In addition, sellers use a local payment processor that allows them to get a fiat directly to their bank account, in the end, it is a win-win situation for everyone.
Did I understand correctly that people in some places in your country pay in bitcoin, which are converted into fiat and go to the seller's account from which taxes are paid? So basically everything is legal?

However, one thing we must not forget is that most people do not see Bitcoin as a currency, but as a speculative asset - which leads us to the fact that the volume of such payments would probably not increase significantly even if Bitcoin becomes a legal tender in most countries.
I am also inclined to the point of view that bitcoin has strongly departed from Satoshi's concept. The function as a means of payment has evolved / transformed into an investment tool, a way of accumulation, savings. The role of the method of payment for goods and services has been partially preserved, but the share of this is already smaller.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Lucius on March 19, 2022, 11:31:21 AM
Did I understand correctly that people in some places in your country pay in bitcoin, which are converted into fiat and go to the seller's account from which taxes are paid? So basically everything is legal?

Yes, you got it right - paying with Bitcoin and some altcoins is completely legal, although the question is how many people use such payment methods. I can only say that the payment processor and the company behind it are generating more and more revenue year after year, although I believe most of the revenue comes from their crypto exchange business.

I didn’t want to put links in a previous post, but this (https://bazzar.hr/) is one of the very popular web stores in my country, and everything you see can be paid for with cryptocurrencies. Another  example (https://cryptopotato.com/croatias-largest-food-retailer-konzum-accepts-crypto-in-online-shops/) of how easy it is to accept cryptocurrencies in everyday business.

I am also inclined to the point of view that bitcoin has strongly departed from Satoshi's concept. The function as a means of payment has evolved / transformed into an investment tool, a way of accumulation, savings. The role of the method of payment for goods and services has been partially preserved, but the share of this is already smaller.

This is more than evident, but very little can be done about it. Most people are far from understanding Bitcoin to the level where they could use it as a currency, because the problem with on-chain transactions is that they are not instant and people do not understand how fees work, not to mention the input/output factor and transaction size. Some say the solution is in LN, but the whole thing would have to be considerably simplified to be widely accepted.

In this regard, we currently have a problem due to the influence of people who promote Bitcoin as digital gold, and ordinary people are just following their example. It is ideal to find some balance between using Bitcoin as a currency and at the same time as a long-term investment.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: worldtraveller321 on March 19, 2022, 11:36:54 AM
This will not happen anytime soon. More less Bitcoin may never become the main currency to use for getting goods and services. As so many people do not understand the money and economic systems. Many only see their form of FIAT as the way to do things.
The governments and powers that be will do what they can to keep that mindset as well.

It is more less a case of self education. However many people are too busy trying to make a living to have anytime to look at money systems. Yes many will see Bitcoin forever as a rich man's coin. Reason as the "whales" promote as having Bitcoin. Therefore is seen as something only the more wealthy can afford.

It is true. On this sad but true. I am a not anti bitcoin by any means. one just has to see the true picture.

The only way is to be open minded and take small steps. Maybe form smaller communities and create internal economies where one can transact in Bitcoin on that way.

Just a catch 22


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: verita1 on March 19, 2022, 10:54:22 PM
What we need to accelerate the adoption of bitcoin are the ideas as you mention them.
Marketing as you describe it could be a good option. If businesses offer their customers a discount if they pay with bitcoin, it is very striking and invites customers to use this means of payment.
There are ideas to get people to include bitcoin in their businesses but ignorance is the biggest obstacle.
Although bitcoin began to be used in 2009, statistics say that we are a small percentage that use bitcoin in the world.
Probably this year that percentage will increase and we can see adoption more closely.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: worle1bm on March 20, 2022, 01:16:35 AM
If you are running some business then you can add bitcoin related payment options with your customers or if you have some fixed group of them you can open up a Lightning Network channel with them to avoid the fees to some extent.

Spread some awareness among your circle by educating them about its usage and importance by which they can invest some amounts in it.

If you have some group support then organize some seminars in which you can deliver the lecture to people and promote the adoption.But with time i think the popularity is growing at much faster pace and everyone will be hearing this term bitcoin.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Uang_kartal on March 20, 2022, 04:47:20 AM
The development of bitcoin/crypto-curency has gone far enough, brother, this makes it possible for a person/group to purify transactions, even for standard payments and even renting which is quite dark in nature for pilgrims etc., maybe taxes. Inflation and openness of other transactions are still decentralized without The intervention of the minister of finance and the government is indeed. To be made simultaneously as a medium of exchange, there is no essence of the amount that can change at any time. Those who view changing fate in a short time, there is a phase of losing the value of assets that is not worth it for long.
Say, every service. buying and selling goods and transaction activities are always offered with the best benefits for consumers, maybe it's temporary in nature and there are advantages that are enough to make people tempted, there is a calculation of the votitas for the recipient. Any store service that has its own margin , other friends have tasted salt and water using bitcoin even since the beginning of this forum being used, and it's impressive


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: GreatArkansas on March 20, 2022, 07:23:09 AM
I remember the days when I am planning to do some small business and it always comes to my mind that I will always accept Bitcoin.
By doing this, it is already huge help for the Bitcoin community which may help with mass adoption.

Another way is asking other businesses or people, "do you accept Bitcoin as payment?" Because if ever they are still don't know what Bitcoin is, they will be curious when they start to hear that question.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: yazher on March 20, 2022, 07:46:02 AM
Accepting it as payment will give small positive changes so yes! if we are talking about giving people freebies when they pay with bitcoins, then it's a positive impact that will slowly give them the importance of bitcoins where they will learn more about it and finally they will gonna learn the importance of keeping it other than their real state assets where they have the full authority to store it at the safe place and withdraw it anytime they want. But first thing first, they need to learn the basic like we used to so that they can start their own journey towards the revolution of financial freedom.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: GeorgeJohn on March 20, 2022, 08:01:19 AM
Actually Bitcoin adoption is viral more than the i expected that Bitcoin will go, making a clause that what can we do to speed up Bitcoin mass adoption, it looks like bitcoin of 2010  and the year of 2012, when bitcoin information has not circulate the way it's currently, now some companies and individual who were against bitcoin has embrace bitcoin and start investing on it, and know valuable companies that have not heard about bitcoin, so the adoption is moving very fast.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: CryptoWebDirectory on March 20, 2022, 09:36:44 AM
What can the average everyday person do to speed up mass adoption? First, tell the places you shop that they should accept it! You might not be the only one telling them that and the more people saying "hey, you should accept Bitcoin" to them, the more they will feel the need to start accepting it. Let the businesses you shop at know you would give them more business if they accepted digital forms of payment like Bitcoin.

Own your own business? Do you part to speed up adoption by accepting Bitcoin. Mass adoption requires Bitcoin to be used & accepted by lots of people and places. Way more than we're at right now. Lots of people don't think there is much they can do, but one simple thing all of us can do is continue to spread the word and request the places we spend our money to accept it. The more places that start accepting it, the more adopted it will become..


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: vv181 on March 20, 2022, 12:18:07 PM
As you know, bitcoin can be easily used as a currency in p2p transactions and no government has any influence here. But what about legal entities? For example, small shops, bars, etc., where now you can pay with BTC (By the way, there are not so many such places). It must be legally difficult to get it right. And what about those in whose countries it is difficult to overcome bureaucratic obstacles and calmly accept bitcoin in their shop?
Merchants are strictly tied to how the regulatory system in their own countries. As far as I concern, my country, Indonesia, strictly prohibits the use of Bitcoin and altcoins as a way of payment within Indonesia. Speaking of that, I just recently saw that some fashion brand doing it anyway, which it's likely breaking the law. Due to the nature of lack of adoption here and cryptocurrencies only addressed as a commodity, in the legal aspect, only times will wait for the brand to shut down the cryptocurrency payment options.

Can use the "accept as a donation" option instead of paying? In this case, will it be possible to hold you legally liable in your country? Will government agencies be able to punish this method? I understand that each country has its own legislation,~For example, this organization rents out rooms to pilgrims (and not only) in its "hotels" and the price list indicates "donation" and not payment for services. With this example, I wanted to show that the model of paying for services / goods under the guise of "donations" is quite real and feasible, and if use bitcoi for this, it can be even easier.

The community is waiting for the world to accept bitcoin to be used everywhere. Maybe it's worth trying actions that will speed this up? For example, encouraging buyers of your store's products or providing car repair services. You can offer a discount if pay in bitcoin. This will be beneficial for the buyer, and you get BTC for your purchases from other people, too, at a discount, or in a pinch, leave it as an investment.

Donation + discount when paying in BTC can be combined. Discounts could encourage people to use bitcoin and bring mass adoption closer through more users. In the end, BTCitcoin should circulate in society / economy, like blood in a living organism, and not stagnate and stale.

What can you say about this option? Will it be legal to use it?
Shifting a revenue into a donation, I believe wouldn't solve the problem either. As you have stated it's a disguise, so either they will face a problem from the governments, or they will hardly manage their accounting process.

Few things that I'd like to mention, strictly speaking in my own country, I believe services like Bitrefill may possess a solution. Most of the big brand in my country does offer a gift card for their own products/services on Bitrefill. I guess, making use of those kinds of services, and making the process for any industry to be able to offer gift cards into the platform easier, may helps the adoption.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Sled on March 20, 2022, 12:42:52 PM
We couldn't expect Bitcoin Mass adoption, however, we can't disclose any possibility that it comes in the future. I actually ask some people regarding Bitcoin and to ask what they know about this, I'm glad they heard this word but I'm sad hearing from them saying it was a scam. I could see that the only way to mass adoption is to eliminate the negative mindset of the people first. And showing them the benefits we got from this will help to enlighten their minds and change.


Another way is asking other businesses or people, "do you accept Bitcoin as payment?" Because if ever they are still don't know what Bitcoin is, they will be curious when they start to hear that question.
Indeed, they become curious to know what is Bitcoin, but no interest if you will accept it as payment. But seeing major establishments offers this payment option makes holders feel that the use of Bitcoin is totally safe.  


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: 7788bitcoin on March 20, 2022, 05:59:48 PM
We couldn't expect Bitcoin Mass adoption, however, we can't disclose any possibility that it comes in the future. I actually ask some people regarding Bitcoin and to ask what they know about this, I'm glad they heard this word but I'm sad hearing from them saying it was a scam. I could see that the only way to mass adoption is to eliminate the negative mindset of the people first. And showing them the benefits we got from this will help to enlighten their minds and change.
We have come a long way in the last 10 years and the adoption rate keeps on increasing every year. You cannot expect all the third world countries using the cryptocurrency space where they do not have internet connection. We never expected any country to accept Bitcoin as a legal tender few years ago and now we have countries using Bitcoin as a legal tender and the changes keep on coming.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on March 20, 2022, 06:37:21 PM
I really doubt that you might be able to get a discount while using bitcoins in any shop, there is a lot of volatility involved and at the same time people generally don't have enough profit margins to integrate the discounts in there.
Considering that there are not so many buyers with bitcoin (if don't consider examples with countries like Lucius's (https://bitcointalk.org/index.php?topic=5390278.msg59573252#msg59573252)), then why not offer a discount? Let's assume that out of the total sales in your store, sales for bitcoin will be 2-5%. Even with volatility, will this create huge losses for your business? I think not at all, but what a huge effect it will have on the spread of bitcoin in the future if stores offer this to their customers.

It's certainly legal to pay for anything with bitcoins as long as the currency is not really illegal in your area and also there are also bitcoin machines everywhere now, even in small towns therefore I think we can use those things to create a better environment making it more normal for people to buy/sell/trade easily anywhere.
The other day I came across the news that in Britain these machines maybe prohibited (if it's true). So, what is relevant today (bitcon machines) may be banned tomorrow.

There are also bitcoin banks which might be working soon enough and at the same time there are also countries like Ukraine who are accepting bitcoins on a broader basis. Using NFT's and donations as well, they will also issue bank cards for people using cryptocurrencies like bitcoins for trading etc.
Well, we can wait for bitcoin banks to open soon, or can take active steps to spread it. Whether it is accepting as payment in your store or selling and buying services that we can provide to others.


Donation + discount when paying in BTC can be combined. Discounts could encourage people to use bitcoin and bring mass adoption closer through more users. In the end, BTCitcoin should circulate in society / economy, like blood in a living organism, and not stagnate and stale.

Why would a company or a business owner give a discount to people? What for? I mean they are doing business, it's their purpose is to be profitable, and giving discounts would mean they'll lower their income. If we look at the volatility side, that alone is a risk that business owners will take, of course on the positive note, they can also enjoy high profitability when the price is bullish, but as I said, that volatility is a major problem for most businesses which the main purpose is to use bitcoin as a payment system.

IMO, an increase of adoption is only possible when governments fully regulate crypto.
Because the discount made in BTC now (unprofitable at first glance for the seller) in the future will be profitable for him (if hodl BTC). Also, the discount can be made such that it will be less than the margin of the product. In this case, the seller will still be profitable. There is another option: the seller will be able to profit from the turnover of products. Lower price (due to discounts) - more buyers - more profit (due to trading volumes). As you can see, there are always options.

I propose to use BTC as an alternative payment method, and not replace it with all existing ones right now. Like, you can pay a can of cola for $1 or $0.9 for BTC.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: BlackHatCoiner on March 20, 2022, 07:04:10 PM
The problem with mass adoption is that Bitcoin, by its nature, promotes freedom of choice. No one is (and should ever) use Bitcoin by force, and they'll never be as it doesn't favor governments. Most people have used to be forced to use a currency.

Unpopular opinion: holding bitcoin is using it. Each person will have different use-cases for bitcoin as each people's needs are different.
That's, unfortunately, the popular opinion, but I'll have to disagree. Just holding it isn't using it, just as holding everything else does not equal with using it. You use gold when you develop electronics, or make teeth etc., but keeping your gold in dust pretty much shows the opposite: Your gold is unused.

Same happens with Bitcoin. You can't use it to create anything essentially and directly other than solely to transact with.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: coupable on March 20, 2022, 07:40:15 PM
I don't think it may happen sooner. Simply because after about 12 years since its was lunched, the number of Bitcoin users remains insignificant compared to the number of Earth's population.
There are still hard work that need to be done to achieve new milestones in bitcoin adoption. But certainly, we have to focus on three main points imo :
1- Improving the time needed to confirm a transaction : this was the main issue since the volume of transactions increased in the blockchain which caused many other issues. Several updates has been made in this field (Segwit/Taproot...) but there are always a need to work on reduce time for confirming transaction whatever the situation of the network.
2- Supporting more transactions within a single block: Segwit update was one of the biggest step toward solving this issue but the problem can pump again once the network can support more transactions per second.
3- Reducing transaction fees when the volume of transactions is high : i don't really how to solve this technically but without working on this detail , other competitors can be better alternative for bitcoin whatever it's centralized or decentralized.

I found this interesting topic discussing the same matter , i advice you to take a look at it : How can we speed up the adoption of cryptocurrencies? (https://www.quora.com/How-can-we-speed-up-the-adoption-of-cryptocurrencies)


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: BIT-BENDER on March 20, 2022, 08:37:07 PM
Well I think we can do a lot to push Bitcoin mass adoption, to the world, but I would suggest we do it subtly, because let's be honest the newbies entering crypto-currency are losing the very basis of it.
I believe many of them  are not being tutored well, before they come, on board. So if we are to promote Bitcoin and crypto-currency let's all do it in a way that, that we can give newbies a chance to understand that crypto-currency isn't a get rich quick scheme.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Oilacris on March 20, 2022, 08:46:48 PM
I don't think it may happen sooner. Simply because after about 12 years since its was lunched, the number of Bitcoin users remains insignificant compared to the number of Earth's population.
There are still hard work that need to be done to achieve new milestones in bitcoin adoption. But certainly, we have to focus on three main points imo :
1- Improving the time needed to confirm a transaction : this was the main issue since the volume of transactions increased in the blockchain which caused many other issues. Several updates has been made in this field (Segwit/Taproot...) but there are always a need to work on reduce time for confirming transaction whatever the situation of the network.
2- Supporting more transactions within a single block: Segwit update was one of the biggest step toward solving this issue but the problem can pump again once the network can support more transactions per second.
3- Reducing transaction fees when the volume of transactions is high : i don't really how to solve this technically but without working on this detail , other competitors can be better alternative for bitcoin whatever it's centralized or decentralized.

I found this interesting topic discussing the same matter , i advice you to take a look at it : How can we speed up the adoption of cryptocurrencies? (https://www.quora.com/How-can-we-speed-up-the-adoption-of-cryptocurrencies)

It was lunched 12 years ago but trust demands too much time for that.Especially where there are sometimes high volatile situations, for those people who have no education in this, its very hard to trust it.
Awareness and indeed knowledge is the key and as said that this is something that wont really be that possible for everybody which it do really make things even more slower but well if someone do

really got curiosed then this is the time that they would really be making out some in depth research.It is true that volatility is one of the factors on why it do slows down and to add up it would

also be talking about legality.We do know that people would really hesitate on dealing up with something which isnt legalized or been preferred by government.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Ryker1 on March 20, 2022, 11:45:25 PM
Well, it is through [awareness].
As we can see most of us now have social media accounts and the internet is part of our daily needs, so it is easy for bitcoin to spread over the internet. The time will come soon bitcoin will be used for all people as an alternative currency aside from fiat. There is no shortcut for this to have a bitcoin mass adoption, let us spread slowly and make everyone understand first before they embrace bitcoin, for me --it took for how many months before I decided to purchase and have an interest in bitcoin because I always have doubt on it. Later I understand the good side of it and until now I am still thankful for what I have found. People do the same on me for sure.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: worldtraveller321 on March 21, 2022, 12:02:54 AM
More less have to make Bitcoin popular in mainstream media. More less not on the principle of what it does. But turn Bitcoin into some type of fun entertainment icon.
People would embrace Bitcoin for the sake of something to be part of and may not have any idea or care of what it's purpose is.

That is how politics is so popular in the USA. They turned politics into the Superbowl. Where people take political sides like they were baseball teams.

Many have no clue on politics yet pretend to know it all.



Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: DapanasFruit on March 21, 2022, 03:13:43 AM


The idea of using the concept of donation can be a good alternative however this is not as easy as 1,2,3 because when you donate something you are not supposed to get something in return especially physical products. Of course, not unless the "seller" in the transactions will also be donating his goods to you so maybe you are donating to each other. Still, because this is a gray area the government can still come in to legally define the whole transaction for what it really is according to the view of the state.

I am glad that here in my country we don't have that much legal hindrance for anyone to use Bitcoin as a medium of payments but the problem is the famine of merchants or businesses that are accepting BTC...on the other hand not many merchants are accepting BTC because of the low volume of business involved so here we are back to the question of the chicken and the eggs. Still, crypto enthusiasts here in my country are happy with the way things are - less governmental interventions, as of now.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Luzin on March 21, 2022, 04:25:41 AM
To speed up Bitcoin adoption, we'll need to start talking about Bitcoin importance and how it can help as a way of long time investment. Many people that ignores any thing or words about crypto may have been brainwashed about the disadvantage of holding Bitcoin like when it comes to volatility, instability and other factors. We need to is increase Bitcoin adoption by educating people about it.

The biggest obstacle is the regulatory issue. There is no clear regulation making it only limited to certain environments. Regarding increasing understanding through education it can happen but regulatory barriers become a society has a fear. In addition, the ability of human resources is still a major factor in conducting education. In addition, people's views on crypto are sometimes inferior to negative news from the media. It makes a bad look, which makes them lazy to learn more. Maybe they will be more interested if you offer them to increase money through bitcoin. I am sure after that they will learn more about bitcoin.   


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Lucius on March 21, 2022, 11:54:47 AM
Considering that there are not so many buyers with bitcoin (if don't consider examples with countries like Lucius's (https://bitcointalk.org/index.php?topic=5390278.msg59573252#msg59573252)), then why not offer a discount?

The specific examples I have shown have no initiative to promote cryptocurrency payments over other methods, but there are examples from my country where sellers are going in the direction of offering a certain discount if the buyer pays with cryptocurrencies.

This store did not have this approach before, but now they offer a 10% (https://www.pcshop.hr/10-popusta-za-placanje-kriptovalutama/11/blog/) discount on regular prices if paid with crypto, but they offer the same discount on cash - but at least we can say that both methods are equal. However, there are those who still want to attract customers to pay with crypto, so the best pizzeria (https://www.facebook.com/frankoszagreb) in my country (in the top 50 EU) offers as much as 30% discount on Wednesdays (I hope the offer is still valid)🍕

https://i.imgur.com/gHH2KXU.png


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on March 21, 2022, 03:05:26 PM
Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.

Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.

More education, better support, more adoption, brighter future, higher price.
Yes, of course, you are talking about important things, but people first of all need an incentive or motive (I hope most here distinguish one from the other) for this. There is no way people in the world will seek to gain knowledge of bitcoin without good reason. At one time, cryptopunks were driven to this by the desire to gain financial freedom from the traditional financial system and banks. This was the motive. The incentive for people to learn about bitcoin can be the example that everyone here must be fed up with by now, about the discount on bitcoin purchases. If there is a benefit, it will push for use. The same thing happens with investing.

Considering that there are not so many buyers with bitcoin (if don't consider examples with countries like Lucius's (https://bitcointalk.org/index.php?topic=5390278.msg59573252#msg59573252)), then why not offer a discount?

The specific examples I have shown have no initiative to promote cryptocurrency payments over other methods, but there are examples from my country where sellers are going in the direction of offering a certain discount if the buyer pays with cryptocurrencies.

This store did not have this approach before, but now they offer a 10% (https://www.pcshop.hr/10-popusta-za-placanje-kriptovalutama/11/blog/) discount on regular prices if paid with crypto, but they offer the same discount on cash - but at least we can say that both methods are equal. However, there are those who still want to attract customers to pay with crypto, so the best pizzeria (https://www.facebook.com/frankoszagreb) in my country (in the top 50 EU) offers as much as 30% discount on Wednesdays (I hope the offer is still valid)🍕

https://i.imgur.com/gHH2KXU.png

It pleases that my idea came to the mind of the owners of this pizzeria. Actually, it's quite simple. It was about this method of stimulating buyers with crypto that I was talking about. Thank you for sharing this example and I hope it inspires others to follow suit.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: RealMalatesta on March 21, 2022, 04:12:36 PM
We couldn't expect Bitcoin Mass adoption, however, we can't disclose any possibility that it comes in the future. I actually ask some people regarding Bitcoin and to ask what they know about this, I'm glad they heard this word but I'm sad hearing from them saying it was a scam. I could see that the only way to mass adoption is to eliminate the negative mindset of the people first. And showing them the benefits we got from this will help to enlighten their minds and change.
Unfortunately, it used to be called a scam a lot more. I have been here long enough and during 2015-2016 it was called a scam a lot, and before 2015 it was called "drug money" and that was a sad period. Glad we are over that period now and people see it more of a legit investment these days.

I am sure that just like how we have found a lot more people who think of it as a legit investment compared to 5+ years ago, we can do that again and again each 5 years and keep growing our numbers. It will not be easy or quick, but it could happen. Asking people if they accept bitcoin is definitely a great start, would definitely help getting the name out and making shop owners think they could make a good profit from it.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Ale88 on March 21, 2022, 08:04:20 PM
For example, encouraging buyers of your store's products or providing car repair services. You can offer a discount if pay in bitcoin. This will be beneficial for the buyer, and you get BTC for your purchases from other people, too, at a discount, or in a pinch, leave it as an investment.[/quote]
My idea is that the mass adoption will be faster when big online businesses will start accepting bitcoin. Sure, it would be nice be able to pay your mechanic or your gym with bitcoin, but how many people use those services? Only those who live close by, but everybody can use an online service. If just few big players will start accepting bitcoin then it's gonna be just a matter of time before the others will follow, pretty much like it happened with big companies buying bitcoin.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: TimeTeller on March 21, 2022, 08:29:33 PM
We couldn't expect Bitcoin Mass adoption, however, we can't disclose any possibility that it comes in the future. I actually ask some people regarding Bitcoin and to ask what they know about this, I'm glad they heard this word but I'm sad hearing from them saying it was a scam. I could see that the only way to mass adoption is to eliminate the negative mindset of the people first. And showing them the benefits we got from this will help to enlighten their minds and change.
Unfortunately, it used to be called a scam a lot more. I have been here long enough and during 2015-2016 it was called a scam a lot, and before 2015 it was called "drug money" and that was a sad period. Glad we are over that period now and people see it more of a legit investment these days.

I am sure that just like how we have found a lot more people who think of it as a legit investment compared to 5+ years ago, we can do that again and again each 5 years and keep growing our numbers. It will not be easy or quick, but it could happen. Asking people if they accept bitcoin is definitely a great start, would definitely help getting the name out and making shop owners think they could make a good profit from it.

One way to increase adoption is for the merchants to accept crypto payment.
So for example, if you own even a small business, you can always add crypto as payment method.
In your own little way, you are promoting crypto adoption. You can also endorse this method to your colleagues and others.
Hard to target massive adoption but you can always be a part of it. Being in this market, will give you insights that are pro-crypto.
Up until now, a lot of people just heard about bitcoin but they haven't experienced transacting with it.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Finestream on March 21, 2022, 08:59:43 PM
Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.

Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.

More education, better support, more adoption, brighter future, higher price.
Adoption should start in ourselves and we can never totally adopt bitcoin if we remain also naive and ignorant about the facts of bitcoin. Certainly yes, having the right education should be the best start to speed up bitcoin mass adoption. By talking about crypto around you can already speed up the awareness of everyone. And bitcoin being acknowledged and fully regulated by the states could also lead to mass adoption in the future knowing its more legal and protected by the government.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Vaculin on March 21, 2022, 09:17:37 PM
Well I think we can do a lot to push Bitcoin mass adoption, to the world, but I would suggest we do it subtly, because let's be honest the newbies entering crypto-currency are losing the very basis of it.
I believe many of them  are not being tutored well, before they come, on board. So if we are to promote Bitcoin and crypto-currency let's all do it in a way that, that we can give newbies a chance to understand that crypto-currency isn't a get rich quick scheme.
The hardest part of bitcoin is to start knowing it in a wrong and negative way. Newbies often misinterpret what is bitcoin all about but more of a get-rich-quick scheme. This is the reason why so many newbies doom to lose in bitcoin  because they learn it the wrong way.

One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: S A KHAIR on March 21, 2022, 09:43:16 PM
Well I think we can do a lot to push Bitcoin mass adoption, to the world, but I would suggest we do it subtly, because let's be honest the newbies entering crypto-currency are losing the very basis of it.
I believe many of them  are not being tutored well, before they come, on board. So if we are to promote Bitcoin and crypto-currency let's all do it in a way that, that we can give newbies a chance to understand that crypto-currency isn't a get rich quick scheme.
The hardest part of bitcoin is to start knowing it in a wrong and negative way. Newbies often misinterpret what is bitcoin all about but more of a get-rich-quick scheme. This is the reason why so many newbies doom to lose in bitcoin  because they learn it the wrong way.

One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.

They don't learn the wrong way, actually, they are too lazy to learn about bitcoin.
Excessive greediness is another reason for their loss. When they see a double money-back guarantee. 3x, 4x, 5x money-back guarantee they fall into greed and invest to take easy profit, don't judge about the project and the people who behind of that and fall into their trap.

Yes, I'm fully agreed about the 2nd part, Don't rely on the Govt for every job, we need to promote bitcoin by our own way and make people aware of Bitcoin and blockchain systems.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Questat on March 21, 2022, 10:05:23 PM
Well, it is through [awareness].

Well, the situation is awareness can't be enough to justify the usefulness of Bitcoin for us, some people don't really see it, they instead keep their negatives mind playing on them. Education is somewhat we need, teaching blockchain technology and cryptocurrency in school could enlighten their minds and they could really understand it clearly. Social media can't really be trusted, it only creates misconceptions as some influencers did to fool people with their wrong ideas.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Kasabus on March 21, 2022, 10:51:06 PM
It's actually not that easy to encourage merchants in stores by suggesting they accept payments via Bitcoin. Here unless the merchant in the shop is a bitcoin lover. Maybe once in a while, if you really want to try it won't be too risky. However, keep in mind that the rules of a country that only allow one legal currency to be used for transactions will definitely be bound by that law. Because generally in some countries Bitcoin is only considered as an investment alternative that is equated with gold, stocks, and other types of digital asset investments. So that the transaction process outside the stock exchange that has been prepared by the government is clearly not allowed.
Bitcoin mass adoption will be always be hard if we skip with the very basic and certainly, the most important thing to do first. For me, let there be recognition from the government first that bitcoin is legally adopted and fully regulated so that all merchants will be encourage to accept bitcoin as a legal payment. Not that it will replace the official currency, because that won't be possible, but accepting bitcoin as an alternative payment method. From then on, buying and selling with bitcoin will become an easy routine that will definitely help to speed up its own adoption.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Oceat on March 21, 2022, 11:31:47 PM
Well, it is through [awareness].

Well, the situation is awareness can't be enough to justify the usefulness of Bitcoin for us, some people don't really see it, they instead keep their negatives mind playing on them. Education is somewhat we need, teaching blockchain technology and cryptocurrency in school could enlighten their minds and they could really understand it clearly. Social media can't really be trusted, it only creates misconceptions as some influencers did to fool people with their wrong ideas.
Well, for some people who doesn't want to get fooled by the social media I find it effective if they find a legit group that discussing about what are the basics of Bitcoin. If they can't find it in a group or unable to well, we still have Google on the internet, they should see this forum or the reddit forum as their source of information. It's always better if you do all by yourself the research and not relying on someone who might have mislead you to the core information. That's why always do your own research first.

I agree that adoption of Bitcoin seems to be hard without the recognition of the government but at least it's still progressing in some other places or countries.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: EdenHazard on March 21, 2022, 11:43:53 PM
Well, it is through [awareness].

Well, the situation is awareness can't be enough to justify the usefulness of Bitcoin for us, some people don't really see it, they instead keep their negatives mind playing on them. Education is somewhat we need, teaching blockchain technology and cryptocurrency in school could enlighten their minds and they could really understand it clearly. Social media can't really be trusted, it only creates misconceptions as some influencers did to fool people with their wrong ideas.
Not just the education , a proper education.

Even if the ecosystem has been well built .. when the one who use it uneducated properly ..
Things could get worse and the misleading theory would be everywhere.
Just like we witnessed thesedays in the crypto hype years.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Lucius on March 22, 2022, 11:10:13 AM
It pleases that my idea came to the mind of the owners of this pizzeria. Actually, it's quite simple. It was about this method of stimulating buyers with crypto that I was talking about. Thank you for sharing this example and I hope it inspires others to follow suit.

In today's world, every customer is important and the more payment methods someone implements, the more customers they will have, which is a fairly simple philosophy. I think that in the process, many are afraid of the volatility that Bitcoin has and do not want to take risks, and are not aware that there are payment processors that act as intermediaries. In doing so, I don’t think this is the ideal way to pay with BTC, but it’s hard to imagine that it could work any differently at the moment.

As I have already given some examples, is anyone maybe for haircuts and shaving (https://www.frizerdjuka.com/#bitcoin), paying in BTC of course ;)


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Oasisman on March 22, 2022, 11:31:15 AM

One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.


That's one the many ways, If you mean improve the knowledge and experience is to teach people how Bitcoin works, I can say that's a good idea, but it'll take some time and resources to educate people about cryptocurrency or Bitcoin.
What I have in mind for faster Bitcoin adoption is the increase of merchants and services that accepts Bitcoin. It doesn't matter If government don't want to regulate it for the meantime as long as they are recognizing the use of Bitcoin. People will find out on their own why there were a significant increase of Bitcoin acceptance from merchants, supermarkets, and malls or even from your favourite coffee shops or fastfood chain.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Mahanton on March 22, 2022, 12:23:34 PM

One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.


That's one the many ways, If you mean improve the knowledge and experience is to teach people how Bitcoin works, I can say that's a good idea, but it'll take some time and resources to educate people about cryptocurrency or Bitcoin.
What I have in mind for faster Bitcoin adoption is the increase of merchants and services that accepts Bitcoin. It doesn't matter If government don't want to regulate it for the meantime as long as they are recognizing the use of Bitcoin. People will find out on their own why there were a significant increase of Bitcoin acceptance from merchants, supermarkets, and malls or even from your favourite coffee shops or fastfood chain.

Number of merchants and services would actually vary even though its not prohibited or banned on a particular country but if these merchants doesnt really like volatility and complexity of bitcoin or crypto as a whole
then they wouldnt really tend to touch it on the first place which is something not that surprising because this would be likely the case on where their first impressions once they do encounter or  engage with it
and thats why its better not to stress out yourself on how adoption would be faster because we would really be heading on that one because lots of factors would really be affecting it.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: AicecreaME on March 22, 2022, 01:18:52 PM
I still mostly hold the opinion that bitcoin won't be used by the mass majority for payments any time soon. First, they need to know the importance of BTC as a decentralized and scarce asset that you can park a certain percentage of your net worth in. We're nowhere near having most people knowing that just yet, it's mostly still that BTC is a get-rich-quick scheme.

I agree with this. Bitcoin adoption won't totally mean that it would be end of fiat money system. Bitcoin is still on its early age, although it is already known that it has withstood the test of time. But there would be so much more waiting for bitcoin in the future. Surely, mass adoption would happen, but it would take some time to be done.

People need to grasp the idea of bitcoin, its nature, and how it works altogether. They must know the advantages and its disadvantages for them to utilize it on its full potential. If people would rush things, they won't really learn and probably they would hate it if things don't go the way they planned it to. Knowing the importance and its possible benefits, they could adjust to the things they would do.

Bitcoin isn't a get-rich-quick type of scheme and it would never be. It's just so saddening that most people view it that way, which is why most have a misconception on the duration of returns. Risk management is a must to avoid regrets.

Overall, i believe that mass adoption would happen. We don't really have to speed it up as it could cause disruption instead of doing good. Transition would take time and surely, it would coexist with fiat still.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: romeitaly on March 22, 2022, 01:30:39 PM
Spread the word about the beauty of bitcoin, remember that it's in your best interest that you talk about it and at the same time make sure that people will keep bitcoin in mind. Or if you're a business, then you can support bitcoin by advertising that you accept bitcoin and other cryptocurrency as a payment. Even just using bitcoin is already enough to help with the cause.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: dezoel on March 24, 2022, 05:23:48 AM
You do not have to do donations for it, just get it legally and you will be fine. There is no law that says bitcoin cannot be accepted as a payment of a service or a product, it hasn't been in a long long time. Just put a bitcoin accepted here and maybe if you want to give discounts give discounts and sell it with that. Then pay your taxes on that income like a regular citizen (even though we do not like to pay it) and you should be fine.

The adoption will came in when more places started to accept it, more places will start to accept it when it is less volatile or at the very least it would be easier to accept it and turn to fiat very quickly (or instantly).


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: LUCKMCFLY on March 25, 2022, 06:22:20 PM
I think that one of the most effective ways is to reach people who live in countries with very high inflation and where their economy is in constant decline, why? because people always look for the best alternatives in order to have a better life and the good life is achieved by having money, and the best thing is to reach those people from those countries because even if they don't have the money for the investment of BTC they will look for it and they will be able to buy without thinking about it, especially if they realize that at any moment the BTC can go up in price. and generate high profitability, this is a safe way to do it, what apsa is that there is a lot of ignorance in people and taboos that do not let them advance.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Welsh on March 25, 2022, 06:26:28 PM
I think that one of the most effective ways is to reach people who live in countries with very high inflation and where their economy is in constant decline, why? because people always look for the best alternatives in order to have a better life and the good life is achieved by having money, and the best thing is to reach those people from those countries because even if they don't have the money for the investment of BTC they will look for it and they will be able to buy without thinking about it, especially if they realize that at any moment the BTC can go up in price. and generate high profitability, this is a safe way to do it, what apsa is that there is a lot of ignorance in people and taboos that do not let them advance.

We all live in high inflation countries. Seriously, the cost of living has just been adjusted to an insane amount, and that's in developed countries. Poorer countries are feeling the crunch even more so. However, I do believe the potential of Bitcoin will be in those poorer countries, because its a way of getting money that isn't being restricted as much. Places like Africa I believe have a lot of issues with corruption, I'm saying that like we don't in the West, we definitely do, but to less extremes.

what you're saying is Bitcoin can go up at any time, however the same is true for the opposite effect. People putting money into Bitcoin, are taking a risk even if you deem it a small one. There's a risk to it, in another thread we were discussing the possibility of sanctions, and governments banning Bitcoin, while I'm not entirely sure that would benefit them or would happen, it is a possibility that it could happen, and would effectively reduce the price of Bitcoin for the immediate future at the very least.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Viscore on March 25, 2022, 08:57:12 PM
Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.

Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.

More education, better support, more adoption, brighter future, higher price.
I think everyone has heard about bitcoin, but they don't know how valuable it is, and are not aware that it can be a good currency and a good investment at the same time. So education is still highly needed so that the people will be fully aware about it. And once the government will legalize and accept bitcoin as an alternative to fiat, they can start to promote and speed up its adoption through using it regularly by simply buying and selling with bitcoin, and using it to trade anytime anywhere. And this will happen eventually if the government will fully regulate it.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Hamphser on March 25, 2022, 09:38:41 PM
Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.

Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.

More education, better support, more adoption, brighter future, higher price.
I think everyone has heard about bitcoin, but they don't know how valuable it is, and are not aware that it can be a good currency and a good investment at the same time. So education is still highly needed so that the people will be fully aware about it. And once the government will legalize and accept bitcoin as an alternative to fiat, they can start to promote and speed up its adoption through using it regularly by simply buying and selling with bitcoin, and using it to trade anytime anywhere. And this will happen eventually if the government will fully regulate it.
I believe the opposite thing but since most people are engage online then it is something that likely they are fully aware on whats the current trend and if they havent actually able to hear it out then sooner or later

they would really be hearing it out and its true that someone wont really able to do so just because of some several factors but speaking with adoption and recognition process then it would be happening naturally.
We've seen several merchants and countries that do accepts bitcoin or crypto as a whole even though there might be some factors affecting on slowing it down which its considered normal.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: 2rj4k on March 25, 2022, 09:48:10 PM
Bitcoin will be like gold. people will buy it for its value not necessarily for payment methods like fiat. I think the intention of the questions is really "When crypto will be mainstreamed as a payment method".


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on March 28, 2022, 06:15:38 PM
It pleases that my idea came to the mind of the owners of this pizzeria. Actually, it's quite simple. It was about this method of stimulating buyers with crypto that I was talking about. Thank you for sharing this example and I hope it inspires others to follow suit.

In today's world, every customer is important and the more payment methods someone implements, the more customers they will have, which is a fairly simple philosophy.
Quite an interesting idea, which, unfortunately, I did not have. :) I agree, this philosophy looks very simple, but I suspect that it can be extremely effective.

I think that in the process, many are afraid of the volatility that Bitcoin has and do not want to take risks, and are not aware that there are payment processors that act as intermediaries. In doing so, I don’t think this is the ideal way to pay with BTC, but it’s hard to imagine that it could work any differently at the moment.
There is an assumption that volatility is decreasing and will be even less in the future. I think you are aware of this. If the exchange rate is more stable in the future, then this may attract those who were scared away by volatility.

I understand that the use of payment intermediaries allows the buyer to pay in BTC, and the seller to receive in the traditional currency, and all this is obtained more or less without violating the law. If almost none of the sellers knows about intermediaries, then by eliminating this drawback, you can get a working scheme.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: virasog on March 28, 2022, 06:32:02 PM
There is no law that says bitcoin cannot be accepted as a payment of a service or a product, it hasn't been in a long long time. Just put a bitcoin accepted here and maybe if you want to give discounts give discounts and sell it with that. Then pay your taxes on that income like a regular citizen (even though we do not like to pay it) and you should be fine.

Not that easy because if bitcoin is not legal in your country then for sure it will be difficult for the general public to use bitcoin as a payment method. Anyone can complain to the authorities and he or she may face legal actions against them.

Also, you cannot pay taxes on bitcoin if it's not legal. Things are really complicated as usually people hide the cryptocurrency because they worry that legal action may be imposed on them for possessing illegal currencies.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Minecache on March 28, 2022, 06:55:31 PM
There is no law that says bitcoin cannot be accepted as a payment of a service or a product, it hasn't been in a long long time. Just put a bitcoin accepted here and maybe if you want to give discounts give discounts and sell it with that. Then pay your taxes on that income like a regular citizen (even though we do not like to pay it) and you should be fine.
Not that easy because if bitcoin is not legal in your country then for sure it will be difficult for the general public to use bitcoin as a payment method. Anyone can complain to the authorities and he or she may face legal actions against them.
Also, you cannot pay taxes on bitcoin if it's not legal. Things are really complicated as usually people hide the cryptocurrency because they worry that legal action may be imposed on them for possessing illegal currencies.

There are very few countries where bitcoin is illigal,
Most of the countries are neutral, they don't support bitcoin although they don't go against it too.
where it is illegal by law you can use it anonymously and can purchase for buying things from global websites.
yes, it is kinda sad that some 3rd class countries don't allow their people to use bitcoin, I don't know why! maybe their ignorance is the main fact in this case.
If you are never aware general public about it and if the general public will not express their interest in Bitcoin then Govt. will never force the lawmaker to legalize Bitcoin.
So, we should have to make people aware of bitcoin and its future in this new era.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Newlifebtc on March 28, 2022, 09:26:03 PM
What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Agbe on March 28, 2022, 09:27:55 PM
Residents of any country in the world can officially use only the national currency as a means of payment (if somewhere this is not the case, then correct me). Of course, you can pay in any other currency in a dark alley, if you agree, but the only legal means is always the national currency of the country of your residence. If you look at the situation from this point of view, then why would the governments of any country allow the use of bitcoin as a means of payment? Other currencies are not allowed, but bitcoin will be allowed. Why would governments suddenly be given such privileges for bitcoin? For me personally, this is obvious and my forecasts are pessimistic in this regard. The maximum, in my opinion, that they will allow is to officially invest in bitcoin and generously allow you to share % of the profits with them.



What can you say about this option? Will it be legal to use it?

Huh! Is this an assumption, prediction or suggestion? If Bitcoin is accepted as an international or National use currency, it will affect the poor people in the country (ies) because 1bitcoin is more than 47 US dollar for almost all the countries in the world. And another this is that, the fiat Currencies are also doing what Bitcoin does, most for the online transactions. We all know that Bitcoin is for buying and selling of goods and services online only, and this the same function of Bitcoin can be performed by the fiat currency, so instead of adopting Bitcoin to be utilized in their countries, they promote their indigenous currencies base on the high rate of Bitcoin. Legality or not legality is not the main issue. Yes, it can be legalized, but can it move with the poor? Can the poor use it? We are talking about Millions not thousand. The elites will highjack the whole stuff and make the poor More poorer.

They can only adopt Bitcoin to support their fiat currencies but to abandone their Currencies will not be possible
That is not withstanding, base on the OP title, I have posted some of the ways crypto currencies (Bitcoin) is promoted. https://bitcointalk.org/index.php?topic=5391422.0


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Slow death on March 28, 2022, 10:19:22 PM
What can you say about this option? Will it be legal to use it?

the best way to accelerate bitcoin adoption would be if people in every country fight with politicians to make laws that are good for bitcoin, this is the only way to have mass adoption, merchants can only accept bitcoin payments if there are clear bitcoin laws in a particular country, companies can only accept to pay wages in bitcoin if they have clear bitcoin laws in a particular country. so everything depends on laws, without bitcoin laws we will continue to use bitcoin as just an asset to day trade or hodl, unfortunately we are not making much progress in this matter of getting many governments to create bitcoin laws


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: LUCKMCFLY on April 01, 2022, 03:34:50 PM
Bitcoin will be like gold. people will buy it for its value not necessarily for payment methods like fiat. I think the intention of the questions is really "When crypto will be mainstreamed as a payment method".
About a month ago I was also thinking that when people see that Bitcoin will be accepted worldwide, they will look for it like gold, but it will be more difficult to obtain it because if there is a lot of demand, the price will go through the roof, it will be like the best savings of people's lives, then as a payment method it will be the ideal but it will be as valuable as gold.

The human being behaves erratically most of the time, when the BTC drops in price, when it was at $36k people didn't buy much, but I'm sure that if these days the btc reaches $100k people would buy like crazy, I think that from here is the reason for my thoughts.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: retreat on April 01, 2022, 04:29:54 PM
To be able to achieve mass adoption, the whole community must understand what bitcoin is, the best bitcoin wallet, how it works and what not to do during bitcoin transactions. after that is achieved, then we can open a shop or service and put the words there "accept payments with bitcoin".


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: mildmanneredsuffering on April 01, 2022, 04:55:56 PM
impossible. everyone that has been exposed to bitcoin knows it is and always has been a terrible relentlessly crashing monogod developer, fucknugget piece of shit. Id say its just a market making algorithm now that scalps users hopefuls and punters every time. its recorded history that bitcoin suffers regular and often horrendous crashing,  making it unfit even for negros or farm animals as a basis for strong and rewarding economics


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Ale88 on April 01, 2022, 05:13:44 PM
To be able to achieve mass adoption, the whole community must understand what bitcoin is, the best bitcoin wallet, how it works and what not to do during bitcoin transactions. after that is achieved, then we can open a shop or service and put the words there "accept payments with bitcoin".
So do you think that the whole world understands how the bank and credit card systems work? Or they simply use it because that's the easiest way (in their opinion) to store and spend money? If everybody needs to completely understand how something works before using it well, good luck with that.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: mildmanneredsuffering on April 01, 2022, 05:31:44 PM
To be able to achieve mass adoption, the whole community must understand what bitcoin is, the best bitcoin wallet, how it works and what not to do during bitcoin transactions. after that is achieved, then we can open a shop or service and put the words there "accept payments with bitcoin".
So do you think that the whole world understands how the bank and credit card systems work? Or they simply use it because that's the easiest way (in their opinion) to store and spend money? If everybody needs to completely understand how something works before using it well, good luck with that.

or how about automobile engines, do they need to know all about how it works before they can drive a car? BTW would those in the know say bitcoin MM code is programmed more like a ford pinto or more like a land mine?


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Emitdama on April 01, 2022, 09:02:21 PM
What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent
This is what I see right now on my social media page, screenshots of trading accounts showcasing how much they earn but I am not impressed with it, idk no why but instead what I feel is they are just scammers. It can give people a negative impression if we show them like that especially if they don't know you well.

Another thing why it's bad is because if people can't earn the same thing like you did, they will think crypto is a big ponzi. This can only damage the reputation of crypto but it would be better if we are going to be honest with them, tell them that it's not easy to make money in crypto and tell them that there are other uses of crypto.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Marvelman on April 01, 2022, 10:06:56 PM
What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent

But this is not adoption, this is trading. We have to give Bitcoin and digital currencies a mainstream appeal, and stop with the wishy-washy rhetoric of "crypto si going to make you rich". We have to stop marketing this as the "internet" equivalent of gold, and start marketing it as an equivalent of purchasing power.

Bitcoin's largest hurdle is the perception of the currency, it does not actually exist yet, and until there is confidence that people can use the currency, people will stay away.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: lalabotax on April 01, 2022, 11:33:18 PM
What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent
It is not as simple as you think, brother. Sharing information about our profits on social media has been done by many people around the world. It is not a new way, many people already tried your idea to improve peoples' interest to use Bitcoin. So, I don't think this way will make a very significant impact on the adoption of Bitcoin. Bitcoin is no longer something new for people around the world.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Lanatsa on April 01, 2022, 11:46:22 PM
What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent
It is not as simple as you think, brother. Sharing information about our profits on social media has been done by many people around the world. It is not a new way, many people already tried your idea to improve peoples' interest to use Bitcoin. So, I don't think this way will make a very significant impact on the adoption of Bitcoin. Bitcoin is no longer something new for people around the world.

With social media then it would really be spreading like wildfire specially that nowadays on where people do mostly spend their lives on looking at on their mobile phones which is impossible that they wont really able to

encounter about bitcoin or crypto but its just sad that people would only get interested on how to make money and not totally into their utility which is something normal for a human being to mind off that way.

Speeding it up? Just let it be because people would get interested if they would tend to but you could actually make out some small steps about exposure which would be starting on your loved ones.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: EdenHazard on April 01, 2022, 11:58:36 PM
What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent
It is not as simple as you think, brother. Sharing information about our profits on social media has been done by many people around the world. It is not a new way, many people already tried your idea to improve peoples' interest to use Bitcoin. So, I don't think this way will make a very significant impact on the adoption of Bitcoin. Bitcoin is no longer something new for people around the world.

That was not intelligent way to educate people about crypto .. about bitcoin.

you will only teach them about the short term pleasure which it would feel like gambling though rather than get them know abbout the revolutionary .. the vision in bitcoin itself to chenge the way we do any kind transaction seamlessly.
well people often misleading at this point , flexing are not the way. not the right way. people tend to collect money through clicks thesedays. sucks trends.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: malevolent on April 01, 2022, 11:59:19 PM
There's more and more legal friction in the form of red tape for on and off-ramps for BTC<->fiat currency exchanges so not sure how the future is going to look like. Same even goes for any entities ever handling bitcoins on behalf of others, transferring them, other uses, etc. Frankly speaking, I see a bleak future for any adoption unrelated to HODLing (which in itself is great, but I had higher expectations for Bitcoins' future) or gambling at exchanges/DeFi/whatever at this point. And the time for some serious lobbying passed years ago (not sure if it would've worked out anyway...).


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on April 06, 2022, 11:26:38 AM
What can you say about this option? Will it be legal to use it?

the best way to accelerate bitcoin adoption would be if people in every country fight with politicians to make laws that are good for bitcoin, this is the only way to have mass adoption, merchants can only accept bitcoin payments if there are clear bitcoin laws in a particular country, companies can only accept to pay wages in bitcoin if they have clear bitcoin laws in a particular country. so everything depends on laws, without bitcoin laws we will continue to use bitcoin as just an asset to day trade or hodl, unfortunately we are not making much progress in this matter of getting many governments to create bitcoin laws
Politicians pass only those laws that are beneficial to themselves, and not to the majority of people. I can't imagine what it would be like for people to influence politicians and they pass laws about bitcoin that are good and beneficial to the people. I agree that proper BTC regulation at the legislative level would promote mass adoption, but I have great doubts about how this will be implemented.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: StarKay on April 06, 2022, 02:06:08 PM
Factors affecting the mass adoption of bitcoin such as education, government policy, bitcoin price volatility, and blockchain security will need to be addressed first to increase adoption of bitcoin.

I'll say that there's a lot more awareness about bitcoin than adoption because of lots of misinformation of bitcoin and lack of blockchain education available to many people. We can not do much other than to teach people around us the advantage of bitcoin over fiat currencies and also how to secure their wallets and use exchanges safely.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Kimonoe on April 06, 2022, 03:45:14 PM
What can you say about this option? Will it be legal to use it?

the best way to accelerate bitcoin adoption would be if people in every country fight with politicians to make laws that are good for bitcoin, this is the only way to have mass adoption, merchants can only accept bitcoin payments if there are clear bitcoin laws in a particular country, companies can only accept to pay wages in bitcoin if they have clear bitcoin laws in a particular country. so everything depends on laws, without bitcoin laws we will continue to use bitcoin as just an asset to day trade or hodl, unfortunately we are not making much progress in this matter of getting many governments to create bitcoin laws
Politicians pass only those laws that are beneficial to themselves, and not to the majority of people. I can't imagine what it would be like for people to influence politicians and they pass laws about bitcoin that are good and beneficial to the people. I agree that proper BTC regulation at the legislative level would promote mass adoption, but I have great doubts about how this will be implemented.
The subtle thing to do is if bitcoin is used by a large portion of the population, so that the government has no way of avoiding it. on the other hand a situation that can urge the government to legalize it. it sounds difficult, but eventually bitcoin will naturally get a place in the payment instrument section. Currently the government is only looking for opportunities to collect taxes, as is the case in my country where starting from May the government will increase the cryptocurrency tax


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: LUCKMCFLY on April 17, 2022, 02:48:19 AM
What can you say about this option? Will it be legal to use it?

the best way to accelerate bitcoin adoption would be if people in every country fight with politicians to make laws that are good for bitcoin, this is the only way to have mass adoption, merchants can only accept bitcoin payments if there are clear bitcoin laws in a particular country, companies can only accept to pay wages in bitcoin if they have clear bitcoin laws in a particular country. so everything depends on laws, without bitcoin laws we will continue to use bitcoin as just an asset to day trade or hodl, unfortunately we are not making much progress in this matter of getting many governments to create bitcoin laws
Politicians pass only those laws that are beneficial to themselves, and not to the majority of people. I can't imagine what it would be like for people to influence politicians and they pass laws about bitcoin that are good and beneficial to the people. I agree that proper BTC regulation at the legislative level would promote mass adoption, but I have great doubts about how this will be implemented.
The subtle thing to do is if bitcoin is used by a large portion of the population, so that the government has no way of avoiding it. on the other hand a situation that can urge the government to legalize it. it sounds difficult, but eventually bitcoin will naturally get a place in the payment instrument section. Currently the government is only looking for opportunities to collect taxes, as is the case in my country where starting from May the government will increase the cryptocurrency tax
To accelerate the adoption of BTC at this point I think that is enough, people are realizing that their particular economies have dropped significantly and that this is a special characteristic of all of us who are living in this world, of course there are people who they are always very good economically and it is a blessing and I hope they continue to do so and even better, but the need has made people adopt BTC, at least those who have families and who at one point lost their jobs, thanks to the pandemic and everything that has been going on right now, I think that's the way.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Western_Boris on April 17, 2022, 11:46:09 AM
People needs to be educated on how our current monetary policy is bad. Education is the key. They don't like it that price of everything is constantly going up faster than they get pay rise. They just don't know the reason for that.

They need to learn that it has been never worked in history of human kind when we give exclusive rights to print more money to some bankers or gevernments. Money needs to be separated from the state. Bitcoin is the solution for this. Running on fair rules which everybody can verify and not giving any benefits for rich or well connected people.

Human greed will always be there. So as long as the money policy is 100% on the hands of few, the human greed will make them to use that power to enrich themselves and their cronies, and not to benefit the whole human kind.

Education is the key.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: rodskee on April 17, 2022, 12:00:36 PM
I am now conceptualize our small business into helping Bitcoin adoptions on how? that is offering Bitcoin as accepting payments from our costumers , I even plan to accept altcoins  ;D

and also i am no  actively luring my friends and family members to invest in crypto in their choices , this is our part to extend our engagement to others and let them learn the benefits of crypto .


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Western_Boris on April 17, 2022, 12:05:57 PM
I am now conceptualize our small business into helping Bitcoin adoptions on how? that is offering Bitcoin as accepting payments from our costumers , I even plan to accept altcoins  ;D

and also i am no  actively luring my friends and family members to invest in crypto in their choices , this is our part to extend our engagement to others and let them learn the benefits of crypto .

Accepting altcoins and luring friends and family to invest in crypto (not bitcoin) is stupid road. There is huge difference between Bitcoin and other cryptos so I would not recommend that way of shitcoins. People will get mad at you someday for recommending anything else than the safe Bitcoin.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: cheezcarls on April 17, 2022, 12:39:05 PM

Reading this forum, I periodically come across posts that glorious times will come when bitcoin will be used everywhere to buy and sell any services and goods around the world. I am amazed and surprised by the optimism of some people. There is an aphorism that goes something like this: optimists are people who are ill-informed. I'm trying to look at the situation from a realistic point of view and this is what I see.

Residents of any country in the world can officially use only the national currency as a means of payment (if somewhere this is not the case, then correct me). Of course, you can pay in any other currency in a dark alley, if you agree, but the only legal means is always the national currency of the country of your residence. If you look at the situation from this point of view, then why would the governments of any country allow the use of bitcoin as a means of payment? Other currencies are not allowed, but bitcoin will be allowed. Why would governments suddenly be given such privileges for bitcoin? For me personally, this is obvious and my forecasts are pessimistic in this regard. The maximum, in my opinion, that they will allow is to officially invest in bitcoin and generously allow you to share % of the profits with them.

It's funny (or not so) true, once you make a profit, they demand a share of your profits, but they don't minimize your risks in any way and don't compensate for losses. This is a small digression.

Now we come to the point that I would like to discuss.
As you know, bitcoin can be easily used as a currency in p2p transactions and no government has any influence here. But what about legal entities? For example, small shops, bars, etc., where now you can pay with BTC (By the way, there are not so many such places). It must be legally difficult to get it right. And what about those in whose countries it is difficult to overcome bureaucratic obstacles and calmly accept bitcoin in their shop?

Can use the "accept as a donation" option instead of paying? In this case, will it be possible to hold you legally liable in your country? Will government agencies be able to punish this method? I understand that each country has its own legislation, but I know examples of countries where under the guise of "donations" religious organizations enrich themselves without paying a penny of taxes (officially and legally exempt from taxes). For example, this organization rents out rooms to pilgrims (and not only) in its "hotels" and the price list indicates "donation" and not payment for services. With this example, I wanted to show that the model of paying for services / goods under the guise of "donations" is quite real and feasible, and if use bitcoi for this, it can be even easier.

The community is waiting for the world to accept bitcoin to be used everywhere. Maybe it's worth trying actions that will speed this up? For example, encouraging buyers of your store's products or providing car repair services. You can offer a discount if pay in bitcoin. This will be beneficial for the buyer, and you get BTC for your purchases from other people, too, at a discount, or in a pinch, leave it as an investment.

Donation + discount when paying in BTC can be combined. Discounts could encourage people to use bitcoin and bring mass adoption closer through more users. In the end, BTCitcoin should circulate in society / economy, like blood in a living organism, and not stagnate and stale.

What can you say about this option? Will it be legal to use it?

The most effective way is just simply spreading the word whether if it’s word by mouth, social media, donations, transportation, paying bills, etc., educating the masses, etc. When my dad was planning to do a milk tea business before the pandemic, I was thinking of a promo or perk for customers if they are going to use a Bitcoin wallet and scan QR code for payment, etc. However, my dad decided not to pursue the business for personal reasons. But if he does, I would push him to adopt my suggestion.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: suryana on April 17, 2022, 10:14:05 PM
maybe this is what miners really want such as the mass adoption of bitcoin by the public but this is inversely proportional to getting a lot of opposition from various groups, maybe bitcoin really needs a strategy or an advertisement to be able to introduce bitcoin to the wider community so that bitcoin has regained its trust so that it will bring a lot of mass adoption as well as gain trust with such high popularity in investment circles.especially the crypto world


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: NicNacCoin on April 17, 2022, 10:37:05 PM
We work in cryptocurrency. All we have to do is think about how to move this cryptocurrency forward all the time.Bitcoin must be distributed among the masses and among the youth in such a way that the next generation will emerge as the lovers of Bitcoin.Young people in particular need to build a good relationship with Bitcoin so that in future plans they can do better research and move forward to better positions.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Western_Boris on April 17, 2022, 10:58:37 PM
maybe bitcoin really needs a strategy or an advertisement to be able to introduce bitcoin to the wider community...

I think Central Banks are the best advertisement for Bitcoin that there can ever be. But it works only on educated people who understand how toxic their policy is. So education is the key. And care. About not only ourself but from the rest of the people on this planet too.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: KennyR on April 17, 2022, 11:03:55 PM
In majority of the countries there is no proper regulation on the usage of cryptocurrencies. In few countries the taxation is very big. This fears people not to show their willingness to receive payments in terms of cryptocurrencies, because a small bitcoin accepted signage could make the government tax over us, though we haven't got any big number of people to use the services.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: nur rochid on April 18, 2022, 04:14:10 AM
actually we discussed with close friends, and I think that's enough. by talking to other people, that person will talk to others, and over time it will become a community and get bigger. after becoming big and this is done by many people around the world, then this will have an impact on the development of bitcoin, and finally the government will intervene, because this is an object of taxation and there must be regulations, and finally there is official news, will have a big impact


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: GigaBit on April 18, 2022, 05:33:57 AM
Bitcoin is the global currency so it is most important part in our everyday life. As it is valuable asset so we should have a good knowledge about it. If we can learn the importance of this Digital currency especially bitcoin then it will be very easy to adopt it rapidly all  over the world. So i just want to focus on learning and then we can speed up or spread it to whole world.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on April 18, 2022, 04:31:12 PM
~snip~

The most effective way is just simply spreading the word whether if it’s word by mouth, social media, donations, transportation, paying bills, etc., educating the masses, etc. When my dad was planning to do a milk tea business before the pandemic, I was thinking of a promo or perk for customers if they are going to use a Bitcoin wallet and scan QR code for payment, etc. However, my dad decided not to pursue the business for personal reasons. But if he does, I would push him to adopt my suggestion.
That's exactly the thought I wanted to convey (one of) and I'm glad that you had a similar thought. Need to start small and implement the use of BTC through promos and bonuses. Something like: buy tea with milk for bitcoin and get a cookie as a gift. This is just an example and can only be limited by your imagination.

I hope your dad will return to the implementation of his business idea and you will share your experience of using BTC as a promotional tool.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: mildmanneredsuffering on April 18, 2022, 04:44:19 PM
there are already better cryptos than bitcoin in every real metric. by the time bitcoin bcomes mature enough to not crash every month it will already be far behind in technology. some crypto may do great,but bitcoin failed. 2021 inflation vs bitcoin. bitcoin  lost, lossed. who will ever put hope in the hopeless again

The west was lost to jewish criminals, now every white nation is overrun with africans, every institution controlled by jews who hate you and call themselves chosen by a god that does not exist.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: amishmanish on April 18, 2022, 05:18:10 PM
In my opinion bitcoin will first penetrate financial institutions.. Already many banks have started holding bitcoin assets. The Unique advantage that bitcoin offer is being a universally acceptable currency, and at least all governments and institutions agree on this. However many countries fear that maybe bitcoin and crypto will hijack their current financial setup, if they adopt it overnight. So In most countries the adoption is rather cautious.
And yes there is big misconception in masses that bitcoin is a speculative token, and carry significant risks. They need to be educated about how bitcoin can be an asset, and how to use it.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: goldkingcoiner on April 18, 2022, 05:26:53 PM
-snip-

The best thing that can we do to speed up Bitcoin mass adoption is to advertise. Preferably by word-of-mouth which seems to be the most effective and low cost marketing strategy that I know.

People really underestimate the effect word-of-mouth has. So spread it within your circle of friends, family and coworkers. Tell them about why Bitcoin is the future and all the things it has achieved to this day. Tell them about your personal success stories with Bitcoin.

We already got the ball rolling, now the most important part is to steer this gigantic snowball in the right direction. Avoid people who badmouth Bitcoin and reprimand them for it.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: suryana on April 18, 2022, 07:57:27 PM
we can say that bitcoin is currently a business investment that is very popular among the public even though the process of depositing its contents has not been carried out en masse by various groups including several countries that have not fully adopted bitcoin, but we feel confident in the process of mass adoption by various groups. with the modern era, of course, digital currency has its own advantages in processing a transaction, maybe it just takes a little longer time so that it can be realized


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: romero121 on April 18, 2022, 11:27:14 PM
Large scale companies participation could boost the adoption to some extent. This means most of the e-commerce platforms needs to add bitcoin as a payment, but this isn't happening anymore. Whether people are using it or not, when something is added surely people will give it a try. In a recent interview Amazon CEO Andy Jessy mentioned there is no plans of adding cryptocurrency payment, maybe NFTs could be added as it's getting more popular around the globe. Similar is the decision of Apple's Tim Cook mentioning about cryptocurrencies in his personal holdings and the company doesn't involve into it. When giants add way, this will get more usage for sure.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Wimex on April 19, 2022, 02:23:52 AM
Quote
Can the "accept as donation" option be used instead of paying? In this case, will it be possible to hold him legally responsible in his country? Will government agencies be able to punish this method?

Bitcoin has gone from being a little-known currency to being desired by almost everyone, so much so that governments seek to take advantage of it and make it part of their system. For what purpose? Well, I would say that it is obvious, placing a certain percentage generates money, maybe not in the short term but in a considered time. companies or individuals that seek to evade these regulations that are being implemented by simply declaring them as donations, are not totally safe, because if a certain amount is required, comparing the evasion of churches with this digital payment method does not have sense, churches can receive cash and ensure that they are donations but BTC transfers to  must be through a platform and now with the monitoring that is taking place it will be difficult for them to escape.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on April 19, 2022, 08:10:39 AM
-snip-

The best thing that can we do to speed up Bitcoin mass adoption is to advertise. Preferably by word-of-mouth which seems to be the most effective and low cost marketing strategy that I know.

People really underestimate the effect word-of-mouth has. So spread it within your circle of friends, family and coworkers. Tell them about why Bitcoin is the future and all the things it has achieved to this day. Tell them about your personal success stories with Bitcoin.

We already got the ball rolling, now the most important part is to steer this gigantic snowball in the right direction. Avoid people who badmouth Bitcoin and reprimand them for it.
It is not enough just to advertise, it is necessary to show how to use bitcoin, what advantages and features. Words are good and they have power, but visibility surpasses them many times over.

Nothing prevents you from returning the debt (for example) to friends, family members or just acquaintances in bitcoin. This will encourage them to become familiar with BTC and will be able to change the attitude towards BTC as a speculative instrument (or ponzi-scheme) that has been heard about in the media. It will be much better if people try to test bitcoin themselves in this way and make sure that this is a unique tool that gives them completely new opportunities.

I believe that encouragement to use in this way will have a better effect than just talking about BTC.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: witcher_sense on April 19, 2022, 09:14:26 AM
It is not enough just to advertise, it is necessary to show how to use bitcoin, what advantages and features. Words are good and they have power, but visibility surpasses them many times over.

Nothing prevents you from returning the debt (for example) to friends, family members or just acquaintances in bitcoin. This will encourage them to become familiar with BTC and will be able to change the attitude towards BTC as a speculative instrument (or ponzi-scheme) that has been heard about in the media. It will be much better if people try to test bitcoin themselves in this way and make sure that this is a unique tool that gives them completely new opportunities.

I believe that encouragement to use in this way will have a better effect than just talking about BTC.
There are a bunch of bitcoin wallets on the market that allow for seamless interaction with the Bitcoin blockchain. People unfamiliar with how things work under the hood aren't going to see the difference between bitcoin and, for example, the banking app of today that they use on an everyday basis to pay for things. They don't need to relearn how to interact with the bitcoin "banking app" because it looks pretty much the same as before. Buy some digital tokens with your credit card, scan a QR code at a grocery store, click "Send," and receive goods in return. Did you say private keys? You don't need to bother learning how to correctly back them up because those wallets are custodial, which means all your keys are being managed by more experienced guys like your banker. But you don't need to tell them they have no control over funds to not scare them off. Just keep silent and show them how easy it is to use bitcoin.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: doomloop on April 21, 2022, 11:40:46 AM
There are a bunch of bitcoin wallets on the market that allow for seamless interaction with the Bitcoin blockchain. People unfamiliar with how things work under the hood aren't going to see the difference between bitcoin and, for example, the banking app of today that they use on an everyday basis to pay for things. They don't need to relearn how to interact with the bitcoin "banking app" because it looks pretty much the same as before. Buy some digital tokens with your credit card, scan a QR code at a grocery store, click "Send," and receive goods in return. Did you say private keys? You don't need to bother learning how to correctly back them up because those wallets are custodial, which means all your keys are being managed by more experienced guys like your banker. But you don't need to tell them they have no control over funds to not scare them off. Just keep silent and show them how easy it is to use bitcoin.
That is mainly their problem and that is why I doubt that it would be easy for them to make any money. People who do not learn what blockchain is, and how it works, will end up with getting in here only for the money and people who are here only for the money and do not care about nothing else will end up losing the only thing they cared about which is money.

If you want to make money in the crypto world then you should be willing to do high levels of research, and I mean like hours of it every single day. Because, you need to learn how all of this works and how you could make money from it. Otherwise, you will be left out in the open and can't make any profit.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Ziskinberg on April 21, 2022, 03:06:33 PM
The first thing to ask is how to encourage people to trust Bitcoin? Because this was the main reason why we can't move fast and reach that major adoption as the support of the community isn't enough to push major establishments to accept Bitcoin. Plus, the Government is sometimes contradicting Bitcoin, they even wanted to use their power and control it instead of supporting this.

- provide the highest level of account security
- lessen the number of scam projects
- legalization

I believe these things could help crypto being recognize by the majority.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: bitzizzix on April 21, 2022, 05:15:59 PM
I think the widespread adoption of bitcoin will require the support of many business advocates, but before the community has many supporters, anyone with a business dealing with daily transactions can show enthusiasm by accepting bitcoin in their business.
and with it more and more transactions made in bitcoin will push progress closer to this goal.
and besides, more people need to know about its function, advantages and potential. Because there are still many prejudices about using bitcoin for illegal activities and so on, and in my opinion bitcoin also requires government involvement. Another important thing that is needed, of course, is its use as an alternative means of payment.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Welsh on April 21, 2022, 10:22:38 PM
There's more and more legal friction in the form of red tape for on and off-ramps for BTC<->fiat currency exchanges so not sure how the future is going to look like. Same even goes for any entities ever handling bitcoins on behalf of others, transferring them, other uses, etc. Frankly speaking, I see a bleak future for any adoption unrelated to HODLing (which in itself is great, but I had higher expectations for Bitcoins' future) or gambling at exchanges/DeFi/whatever at this point. And the time for some serious lobbying passed years ago (not sure if it would've worked out anyway...).
I used to think that Bitcoin had the potential to possibly be useful as a general currency, but as you suggested the amount of legal work required to be able to do that, is quite frankly unsustainable. The world is becoming less private, and the amount of data you're required to give to companies now is increasing. KYC is now a massive thing, and is very much a legal requirement in most countries.

I've changed my mind somewhat recently, that the main purpose of Bitcoin will likely be more of a reserve currency than a traditional currency, due to the reasons you mentioned. Bitcoin will be seen as a way of escaping the rat race, in the long term.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: dunfida on April 21, 2022, 10:37:55 PM
There's more and more legal friction in the form of red tape for on and off-ramps for BTC<->fiat currency exchanges so not sure how the future is going to look like. Same even goes for any entities ever handling bitcoins on behalf of others, transferring them, other uses, etc. Frankly speaking, I see a bleak future for any adoption unrelated to HODLing (which in itself is great, but I had higher expectations for Bitcoins' future) or gambling at exchanges/DeFi/whatever at this point. And the time for some serious lobbying passed years ago (not sure if it would've worked out anyway...).
I used to think that Bitcoin had the potential to possibly be useful as a general currency, but as you suggested the amount of legal work required to be able to do that, is quite frankly unsustainable. The world is becoming less private, and the amount of data you're required to give to companies now is increasing. KYC is now a massive thing, and is very much a legal requirement in most countries.

I've changed my mind somewhat recently, that the main purpose of Bitcoin will likely be more of a reserve currency than a traditional currency, due to the reasons you mentioned. Bitcoin will be seen as a way of escaping the rat race, in the long term.
It was never intended to replace fiat in the first place but rather been created for the sole purpose of p2p and decentralization which it did really made its purpose well.It is really just people are overextending that much

about the probabilities or do really make out some conclusions that it would really be a traditional currency which is something that we do know that it cant really happen and i do also believe about that being a reserve.

Lets not put ourselves into haste on minding about mass adoption yet we are really heading on that area.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Agbe on April 23, 2022, 03:00:27 PM
Using Bitcoin as a means of payment is an option in El Salvador, I'm surprised the op doesn't mention that. Also, some cities allow some usage of Bitcoin in the US and, I believe, Switzerland, and there are countries that are looking into allowing using Bitcoin as a means of payment along with the national currency. And I do believe that more and more will allow it, but perhaps set some requirements. Some countries also have tax regulations for cryptos, so that people can report income and can make it legal. So the situation doesn't seem too pessimistic to me, and while I don't think Bitcoin will replace fiat, I think its usage will continue to grow and there will be more options to use Bitcoin as payment in the future.

El Savaldor government take Bitcoin as his first priority, so taking Bitcoin as the optional payment system might wrong. Although, as for now, they are using it as the alternative currency or optional to the Fiat currency. To speed up the adoption of Bitcoin in the whole world is the use of Bitcoin to pay anything you pay plus transport. At that time, there must be Bitcoin Banks in everywhere like the fiat banks as of today. Then introduction of Bitcoin in the school syllabus for students to know more deeply about it. The exchange rate of Bitcoin should be higher than the Fiat currency. When Bitcoin is used as major payment system in the world, goods and services should be drastically come Down. That will also make the speedometer in the adoption of Bitcoin.

Though many countries are adopting Bitcoin and using it as the optional payment system.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: macson on April 23, 2022, 03:17:06 PM
Large scale companies participation could boost the adoption to some extent. This means most of the e-commerce platforms needs to add bitcoin as a payment, but this isn't happening anymore. Whether people are using it or not, when something is added surely people will give it a try. In a recent interview Amazon CEO Andy Jessy mentioned there is no plans of adding cryptocurrency payment, maybe NFTs could be added as it's getting more popular around the globe. Similar is the decision of Apple's Tim Cook mentioning about cryptocurrencies in his personal holdings and the company doesn't involve into it. When giants add way, this will get more usage for sure.
adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: taufik123 on April 23, 2022, 03:29:40 PM
adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.
apart from the needs of the community, it all also depends on how the government provides regulations on bitcoin. Because if the need for bitcoin is high but the government has not provided full regulation, then bitcoin is only used as commodity trading and nothing more.

Towards mass adoption of course requires really mature preparation and knowing all the risks. People are not ready with the risks that bitcoin or crypto currency has, because they are very volatile.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: oldkoin on April 25, 2022, 11:38:52 AM
Imagine the situation. Bicycle rental agency. 10 bicycles. The average number of clients per day is 100. Bicycles are occupied 90% of the time.
The owner wants to increase the number of customers by 10 times and asks his friends for advice on what he should do for this.
What they recommend to him:
1. Increase advertising
2. Replace bicycles with more comfortable ones
3. Train customers, because not everyone knows how to ride it.
4. Stimulate the staff so that the quality of service is better.
... and the like.

It seems that all the tips are correct. But in this case, all these tips can be thrown in the trash. They won't work.

Anyone with a minimum of knowledge in mathematics will tell him:
"Dude, in order to increase the number of customers by 10 times, you definitely, first of all, need to increase the number of bicycles by 10 times. There's no way without it."


Bitcoin.
~350 thousand transactions per day. ~10 million users per month. And this is the maximum.
The blocks are filled with transactions by more than 90%. That is, we have almost reached this maximum.

Our goal is mass adaptation. Once again, "MASS". Which implies a 10-100 fold increase in the number of users.

And now questions are being raised on the forum:
Why is there no mass adaptation? What should we do for this?
And why is the number of users not increasing many times?
And what prevents Bitcoin from growing ?
What is this "mysterious enemy" that prevents Bitcoin from taking over the whole world?


And what answers are given on the forum. Can you run through the topic from beginning to end:
Government - ?
Unstable price - ?
Bitcoin is too complicated - ?
Need more Bitcoin advertising - ?
...

People! Are you serious?

The only correct answer to the question of what prevents Bitcoin from mass adaptation at the moment is ... Bitcoin.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Uang_kartal on April 25, 2022, 11:55:36 AM
bitcoin oh bitcoin, I really appreciate from the P2P era between users who may not be as visionary now that they are so flexible in use, of course not bound by national borders, I personally often trade, store and transact anything even though the office / exchange server I don't know. each user with exchanges or other users who are getting more and more tested day by day. Moreover, my friends think about bitcoin regulations in different countries. Personally, being allowed to be free in my country is enough, I think bitcoin is a good energy and will be thank you from the past now and in the future. I believe bitcoin helps many people like what friends talked about above


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on April 28, 2022, 04:39:44 PM
There's more and more legal friction in the form of red tape for on and off-ramps for BTC<->fiat currency exchanges so not sure how the future is going to look like. Same even goes for any entities ever handling bitcoins on behalf of others, transferring them, other uses, etc. Frankly speaking, I see a bleak future for any adoption unrelated to HODLing (which in itself is great, but I had higher expectations for Bitcoins' future) or gambling at exchanges/DeFi/whatever at this point. And the time for some serious lobbying passed years ago (not sure if it would've worked out anyway...).
I used to think that Bitcoin had the potential to possibly be useful as a general currency, but as you suggested the amount of legal work required to be able to do that, is quite frankly unsustainable. The world is becoming less private, and the amount of data you're required to give to companies now is increasing. KYC is now a massive thing, and is very much a legal requirement in most countries.

I've changed my mind somewhat recently, that the main purpose of Bitcoin will likely be more of a reserve currency than a traditional currency, due to the reasons you mentioned. Bitcoin will be seen as a way of escaping the rat race, in the long term.
In fact, no one knows what the world will be like in the future. What now seems impossible is quite possible to be realized. And the point of view that bitcoin is more likely to become a reserve currency than the traditional one seems to me the most probable. But then, the question of mass adoption is called into question. Moreover, if we also take into account the fact that the number of BTC is limited, which means that this is not "physically" enough for all people for mass use as a traditional means of payment (I’m not sure that whales and simple hodlers will massively get rid of their assets at BTC).


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Marvell1 on April 28, 2022, 05:15:17 PM
adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.
apart from the needs of the community, it all also depends on how the government provides regulations on bitcoin. Because if the need for bitcoin is high but the government has not provided full regulation, then bitcoin is only used as commodity trading and nothing more.

Towards mass adoption of course requires really mature preparation and knowing all the risks. People are not ready with the risks that bitcoin or crypto currency has, because they are very volatile.

Government is the biggest barrier to bitcoin, nowadays it is not difficult to come across bitcoin logos or bitcoin frequently mentioned on social networks but there are many people who are indifferent to bitcoin because they know that the government does not support bitcoin and see bitcoin as an enemy.

For towards mass adoption of bitcoin, in addition to the solution of using social networks, introducing friends and relatives ...I think we should stop declaring war on government and banks instead of saying that bitcoin will completely replace fiat then bitcoin should not and cannot replace fiat, let them coexist.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Zanab247 on April 28, 2022, 05:23:59 PM
Quote
we can say that bitcoin is currently a business investment that is very popular among the public even though the process of depositing its contents has not been carried out en masse by various groups including several countries that have not fully adopted bitcoin, but we feel confident in the process of mass adoption by various groups. with the modern era, of course, digital currency has its own advantages in processing a transaction, maybe it just takes a little longer time so that it can be realized
Bitcoin has helped a lot of people to grow higher in their various businesses, because is a decentralized currency that is not control by any countries or government officials. BTC has eliminated delay from people transaction that is attracting other countries to make bitcoin legalized in their land. Bitcoin is more secured and safe in terms of transaction within domestic and international. With the good results bitcoin has developed, show that very soon other countries that rejected bitcoin some years ago, will begin to accept bitcoin for the betterment of their citizens.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: dataispower on April 28, 2022, 06:13:02 PM
Large scale companies participation could boost the adoption to some extent. This means most of the e-commerce platforms needs to add bitcoin as a payment, but this isn't happening anymore. Whether people are using it or not, when something is added surely people will give it a try. In a recent interview Amazon CEO Andy Jessy mentioned there is no plans of adding cryptocurrency payment, maybe NFTs could be added as it's getting more popular around the globe. Similar is the decision of Apple's Tim Cook mentioning about cryptocurrencies in his personal holdings and the company doesn't involve into it. When giants add way, this will get more usage for sure.
adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.
Yes, what you point out is good. Because some people don't know bitcoin and until this year ends, but people that is living on earth majority of them knows of bitcoin but they don't adopt the cryptocurrency because of they are Fairless of the investment. The knowledge and news of bitcoin is moving everywhere except somebody don't want to know bitcoin or don't want to have interest for bitcoins will not adopt the currency. everybody knows Bitcoin within different societies


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: _BlackStar on April 28, 2022, 06:23:30 PM
In fact, no one knows what the world will be like in the future. What now seems impossible is quite possible to be realized. And the point of view that bitcoin is more likely to become a reserve currency than the traditional one seems to me the most probable. But then, the question of mass adoption is called into question. Moreover, if we also take into account the fact that the number of BTC is limited, which means that this is not "physically" enough for all people for mass use as a traditional means of payment (I’m not sure that whales and simple hodlers will massively get rid of their assets at BTC).
Bitcoin is not the same payment system as other traditional payment systems in my opinion. Bitcoin is something completely different from other centralized financial systems, so it should be a good innovative payment system to serve as a payment alternative even though most countries use fiat.

Mass adoption is something that is still hard to expect nowadays even though bitcoin is getting more and more popular day by day. However, we must agree that bitcoin has become one of the currencies that has begun to be adopted as a legal tender in various countries today, although most of them are still in conflict with the regulations of the financial system and jurisdiction of a country.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: BlackHatCoiner on April 28, 2022, 07:18:31 PM
I see a bleak future for any adoption unrelated to HODLing (which in itself is great, but I had higher expectations for Bitcoins' future)
But itself is meaningless. This "hodling lifestyle" works as long as there's a basic utility. And the only way you can utilize bitcoin is to use it as a currency. There's no other purpose. Period. It's a short term investment or a gold 2.0 or whatever you want, as long as it's useful in society somehow.

And I disagree. Despite the privacy invasion that's becoming worse day by day in the last years, the adoption increases. Even if the merchant hands out lots of personal info, even if in some countries it's illegal/banned, even if the mob wants to make a few bucks with it. The fact remains; there's interest from both merchants and customers.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: LUCKMCFLY on May 07, 2022, 01:06:47 PM
Large scale companies participation could boost the adoption to some extent. This means most of the e-commerce platforms needs to add bitcoin as a payment, but this isn't happening anymore. Whether people are using it or not, when something is added surely people will give it a try. In a recent interview Amazon CEO Andy Jessy mentioned there is no plans of adding cryptocurrency payment, maybe NFTs could be added as it's getting more popular around the globe. Similar is the decision of Apple's Tim Cook mentioning about cryptocurrencies in his personal holdings and the company doesn't involve into it. When giants add way, this will get more usage for sure.
adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.
Yes, what you point out is good. Because some people don't know bitcoin and until this year ends, but people that is living on earth majority of them knows of bitcoin but they don't adopt the cryptocurrency because of they are Fairless of the investment. The knowledge and news of bitcoin is moving everywhere except somebody don't want to know bitcoin or don't want to have interest for bitcoins will not adopt the currency. everybody knows Bitcoin within different societies

What happens is that the information is very varied, most of the media are quite radical, most of them do not speak very well about BTC and this is something that people take into account, especially those who do not know much of BTC and that they only find information through newscasts.

Sometimes you have to take into account that forums are the safest way to find information, it is the most specific way to have better support. People should read a little more, or at least check on YouTube that it is the closest thing to anyone and that anyone can have access to.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on May 18, 2022, 06:49:17 PM
Large scale companies participation could boost the adoption to some extent. This means most of the e-commerce platforms needs to add bitcoin as a payment, but this isn't happening anymore. Whether people are using it or not, when something is added surely people will give it a try. In a recent interview Amazon CEO Andy Jessy mentioned there is no plans of adding cryptocurrency payment, maybe NFTs could be added as it's getting more popular around the globe. Similar is the decision of Apple's Tim Cook mentioning about cryptocurrencies in his personal holdings and the company doesn't involve into it. When giants add way, this will get more usage for sure.
adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.
Yes, what you point out is good. Because some people don't know bitcoin and until this year ends, but people that is living on earth majority of them knows of bitcoin but they don't adopt the cryptocurrency because of they are Fairless of the investment. The knowledge and news of bitcoin is moving everywhere except somebody don't want to know bitcoin or don't want to have interest for bitcoins will not adopt the currency. everybody knows Bitcoin within different societies

What happens is that the information is very varied, most of the media are quite radical, most of them do not speak very well about BTC and this is something that people take into account, especially those who do not know much of BTC and that they only find information through newscasts.

Sometimes you have to take into account that forums are the safest way to find information, it is the most specific way to have better support. People should read a little more, or at least check on YouTube that it is the closest thing to anyone and that anyone can have access to.

Yes it is. If the media is not crypto topics, then they usually speak about bitcoin as an extremely volatile, risky and unstable toy for "mommy's investors". Not surprisingly, the mainstream media is most often biased towards bitcoin (due to the influence of governments, we already know about their dislike), most often they speak about it not from the best side. Usually, they are mentioned with sharp rises and falls in prices. Of course, completely without mentioning the advantages of the opportunities that bitcoin gives.

Until a person himself starts looking for the information he needs, then no media will provide him with it in finished form.

Limited, superficial presentation of information media or media, as well as exposing bitcoin from an unsightly angle, scares off some people. But some of them could contribute to mass adoption (by applying or accelerating it in various areas and fields of activity with which these people are associated), learn a little more about bitcoin. Therefore, it seems to me that the media or other information resources have a negative impact by slowing it down. Only portals like this forum allow people to get reliable information about bitcoin and I believe that the path to mass adoption should begin here.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Doan9269 on May 24, 2022, 07:54:10 AM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

your idea is pretty good, government is one of the major hindrance to that, but despite they interference bitcoin never loose value in the eye of it investors but instead it keep going further in adoption, we could see that despite the triving force for the adoption of bitcoin by individuals, it has recorded a reasonable market vol and cap strong enough against any resistive force, government could have play a major role in increasing the adoption rate but because of their inability to regulate the currency places a big bone stuck on their neck.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: bakasabo on May 24, 2022, 09:14:16 AM
The bad part about bitcoin mass adoption is that those who are already in cryptocurrency communicate or socialize mostly with those who are in cryptocurrency also. Cryptocurrency community is a cycled community. People that are outside cryptocurrency bother much with their own problems, and dont want to spend much time learning new. Their better skip or avoid these "internet money", or "fake money" or "money used by criminals" (still a lot of people equate cryptocurrency to something illegal) and get back to what they do 24/7.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: dlightag on May 24, 2022, 11:30:38 AM
The world are gradually developing into technology, which the younger once have to learn from the system and also the leaders of the country have to be inform about digital currency, using Bitcoin as a point of contact as a means of online payments, Buying, Selling, Fast, Transparent, And Secured. through the blockchain technology. Secondly our fathers, mothers and  elder's of the community has to adopt the system, by educating them and how it works, by so doing that, it require internet supply mostly in the village (Rural area) and that is most challenge and by having internet connection, the system can be easily to educate people around the world, just a matter of time, Bitcoin adoption we spread across the globe and the only advance is to put your seat belt tight, Buy Bitcoin + Hold = Moon.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Welsh on May 24, 2022, 11:49:55 AM
It was never intended to replace fiat in the first place but rather been created for the sole purpose of p2p and decentralization which it did really made its purpose well.It is really just people are overextending that much

about the probabilities or do really make out some conclusions that it would really be a traditional currency which is something that we do know that it cant really happen and i do also believe about that being a reserve.

Lets not put ourselves into haste on minding about mass adoption yet we are really heading on that area.
I don't know, I think it was originally intended to replace a broken system. Well, maybe not completely replace, but to replace the trust factor that people tend to give even with their own money. Effectively, it was a dig at banks, and how people blindly trust them.

If it wasn't created to completely replace the current system, I do believe it was created to show the people that there are alternatives, which I would argue the goal of that has been achieved. Everyone now knows what Bitcoin is, they might not understand it yet, and I think that ties in with the original discussion, that mass adoption will only really occur if Bitcoin is made simpler to understand. Dumbed down if you will.

The biggest issues we see these days is the complexity, that creates uncertainty, and therefore in turn creates hostility. People generally fear what they don't understand. Bitcoin is something I do believe is subjected to that thought process.

But itself is meaningless. This "hodling lifestyle" works as long as there's a basic utility. And the only way you can utilize bitcoin is to use it as a currency. There's no other purpose. Period. It's a short term investment or a gold 2.0 or whatever you want, as long as it's useful in society somehow.
Right, which to be honest I do believe we've already highlighted the usefulness of Bitcoin. I mean, we've got hundreds, thousands of people who now know that trusting someone else with your wealth isn't exactly the greatness idea, especially when that's bit people in the arse before. Bitcoin basically gave people the choice of freedom, and while it might not suit everyone it does give you the choice, which you didn't have before. Well, technically you could not use a bank, and just use cash, however receiving money globally then isn't exactly easy. Bitcoin bridges that gap quite effectively.

Although, I do agree that it doesn't really matter what the use case is, as long a there is a use. For me, I don't ever see there no being a use for a currency which respects privacy, and being rather trustless.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: SirLancelot on May 26, 2022, 02:11:52 PM
If the media is not crypto topics, then they usually speak about bitcoin as an extremely volatile, risky and unstable toy for "mommy's investors". Not surprisingly, the mainstream media is most often biased towards bitcoin (due to the influence of governments, we already know about their dislike), most often they speak about it not from the best side. Usually, they are mentioned with sharp rises and falls in prices. Of course, completely without mentioning the advantages of the opportunities that bitcoin gives.

Until a person himself starts looking for the information he needs, then no media will provide him with it in finished form.

Limited, superficial presentation of information media or media, as well as exposing bitcoin from an unsightly angle, scares off some people. But some of them could contribute to mass adoption (by applying or accelerating it in various areas and fields of activity with which these people are associated), learn a little more about bitcoin. Therefore, it seems to me that the media or other information resources have a negative impact by slowing it down. Only portals like this forum allow people to get reliable information about bitcoin and I believe that the path to mass adoption should begin here.
There is a good reason why media moguls would rule their news channels the way they want, they could just fire anyone who says things that they do not like, any editor, any anchorman, anyone who says the thing they do not want them to.

It means that anyone they hire will be a person who thinks the same way anyway, and media moguls have a good reason to hate crypto, mainly because it disrupts regular economy and builds an alternative one, making everyone equally rich, and that means they will not be able to enforce their views. Same reason why they dislike social media as well, and why they talk badly about it, it disrupts their news narrative to be proven wrong.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Penelope Wheeler on June 01, 2022, 06:19:48 AM
If the mass adoption means crypto currency taking over the traditional currency system as a means of payment, then that is still a far fetched dream. But we can see that many people, especially youngsters, are interested in crypto currency for both trading and investments. Crypto currency surely has a market of its own and will continue to stay strong whether it becomes universal payment mode or not.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: minime0105 on June 01, 2022, 07:09:47 AM
If the mass adoption means crypto currency taking over the traditional currency system as a means of payment, then that is still a far fetched dream. But we can see that many people, especially youngsters, are interested in crypto currency for both trading and investments. Crypto currency surely has a market of its own and will continue to stay strong whether it becomes universal payment mode or not.
You said is still far, but the lines of your statement wasn't completed, yes you are right but out of fear you snub what you had in mind to give as personal reasons. Bitcoin dominating the currency used by people before bitcoin being know, it is not easy and is not to stand ground any time soon. Despite that the world is now queue up into cryptocurrency, the traditional currency will remain valid and it will not be wiped out, the prayers of everyone is long life bitcoin but no competition with Bitcoin and traditional currency


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: dunfida on June 01, 2022, 01:05:03 PM
If the mass adoption means crypto currency taking over the traditional currency system as a means of payment, then that is still a far fetched dream. But we can see that many people, especially youngsters, are interested in crypto currency for both trading and investments. Crypto currency surely has a market of its own and will continue to stay strong whether it becomes universal payment mode or not.
It could never able to replace the traditional currency system that we do have considering that it had been existed for ages or since from the beginning but doesnt mean that crypto wont be that relevant.

Speaking about speeding up mass adoption then just let the process or things do come normally because we do know that each country does have different stance or impressions towards bitcoin or crypto as a whole.

For now the best thing to be done at least is to spread up into some friends or some people about its existence but it depends because there are some who doesnt really care.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Luzin on June 01, 2022, 03:52:12 PM
Speaking about speeding up mass adoption then just let the process or things do come normally because we do know that each country does have different stance or impressions towards bitcoin or crypto as a whole.


Although the World Bank and the IMF reject bitcoin as a currency of money, they cannot prohibit a country's right to determine its official means of payment. Including bitcoin officially used by El salvador for payment. They can only give punishments that come from the IMF or the world bank. So at least the development of Bitcoin has been so fast, and it will continue to grow the countries the world has known it. It remains only how later they will take, because the decisions in government are made by the state. The most important thing is not to make bitcoin's image bad.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: topman21 on June 01, 2022, 04:06:35 PM
We all need to think a little update to speed up the mass adoption of Bitcoin.If we can talk about this on various media channels on YouTube and record videos, then one day people will fall in love with Bitcoin.And if we decide to talk a bit about Bitcoin as an optional subject in school and college, the mass acceptance of Bitcoin can be increased.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Slow death on June 01, 2022, 09:36:04 PM
in my opinion, for bitcoin to have mass adoption, this is something that happens naturally, it is enough for each person to keep telling his relative, his friend and his neighbor about the existence of bitcoin and then each person needs to convince the regulators , economists and politicians in your countries about the benefits of bitcoin and when politicians put good laws on bitcoin then we will start seeing mass adoption, of course we currently have mass adoption, but the current problem is that bitcoin is not growing in terms of legalization, it's been years and every year that passes I don't see more than 1 country saying they legalized bitcoin, that is, we have a mass option that consists of having many trades and investors who are doing hodl, but not we have many countries that have legalized bitcoin, so we don't see many countries paying salaries in bitcoin or allowing people to pay water and electricity bills with bitcoin

And if we decide to talk a bit about Bitcoin as an optional subject in school and college, the mass acceptance of Bitcoin can be increased.

I think this could be included in some economics course in college maybe on how to make some risky but smart investment, but for that it would be necessary for bitcoin to be legalized in such a country


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: dataispower on June 01, 2022, 09:48:48 PM
We all need to think a little update to speed up the mass adoption of Bitcoin.If we can talk about this on various media channels on YouTube and record videos, then one day people will fall in love with Bitcoin.And if we decide to talk a bit about Bitcoin as an optional subject in school and college, the mass acceptance of Bitcoin can be increased.
Those of your point is what makes bitcoin to be widespread. Bitcoin is already adopted in most of the high countries. So what is we are looking at is the local adoption of bitcoin from uncivilized countries were information of any thing will be difficult before reaching to the people staying or living in locals and interior part of the country. The acceptance of bitcoin is now dominating some digital currencies that is the platform before bitcoin. Since we are talking of the way bitcoin can be speculated and get adopted, the way forward is through social media and testimony of what bitcoin has done in our lives with that people will welcome bitcoin


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: uneng on June 01, 2022, 10:43:52 PM
The community is waiting for the world to accept bitcoin to be used everywhere. Maybe it's worth trying actions that will speed this up? For example, encouraging buyers of your store's products or providing car repair services. You can offer a discount if pay in bitcoin. This will be beneficial for the buyer, and you get BTC for your purchases from other people, too, at a discount, or in a pinch, leave it as an investment.

Donation + discount when paying in BTC can be combined. Discounts could encourage people to use bitcoin and bring mass adoption closer through more users. In the end, BTCitcoin should circulate in society / economy, like blood in a living organism, and not stagnate and stale.

What can you say about this option? Will it be legal to use it?
I agree with you in many points of your text, and indeed, that is something that could be done by bitcoin enthusiasts on their businesses to spread adoption. Actually, it would be great if businesses daily demanded by the masses used the strategy of discounts when paying with bitcoin, you mentioned above. Imagine a big supermarket doing this. The impact would be huge and at least 50% of customers would start using bitcoin immediately!

Regards it, for now there is nothing the government can do in most countries, because there isn't a legislation over bitcoin and cryptocurrencies in general yet. It's gray area and people can't be forbidden using it for payments. However, by the end of this or next year there must be a new set of laws coming into action to regulate this market (in my country).

Once it happens, then I really don't know how harmful it's going to be for big businesses to adopt bitcoin. For the small ones it doesn't make much difference, because they are below the radar and can deal with their customers informally.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Captain Corporate on June 01, 2022, 11:07:25 PM
If we all started to use debit cards filled with bitcoins and start using it everywhere and create a viral social media movement out of it, then we could increase it a lot? I mean social media has done a lot more for stuff that are a lot less, why would we worry about the current situation right now as impossible? Just go on all social media, instagram, mainly reels, twitter, tiktok and what have you and start using bitcoin debit cards everywhere you go with some hippy and trendy hashtag and you got yourself a massive adoption, places will start to accept bitcoin by the bulk just to be part of that trend and get paid while doing it.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: 19Nov16 on June 02, 2022, 02:46:40 AM
The role of the government in my opinion is very important, whatever we do if the country is still banned bitcoin will certainly fail, the thing we can and easily do is invite friends or family for investment bitcoin, if the user continues to increase then many companies will automatically make applications so that bitcoin easy to use.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: FanEagle on June 04, 2022, 02:45:52 PM
I know I sound like I keep repeating myself, but if you read up from the past, you know that the adoption of mobile payments is the way to go. We have a ton of exchanges, the most commonly known are binance, coinbase and crypto.com websites. Instead of having like debit cards or anything, just have mobile phone apps that you could pay from, like read a QR code to pay type of stuff.

This may not be common in the world right now, but I guarantee you 100% that we will no longer have POS machines in the future, all banks will move towards shops having tablets with bank app and qr code to get paid, and people will pay via mobile phones with bank app by reading the qr code, get in there as an exchange and help people pay with their exchange app instead of bank app and you will get adopted rapidly.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: virasog on June 04, 2022, 04:02:03 PM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: rby on June 05, 2022, 09:13:59 PM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

The battle and quest for bitcoin adoption is not a simple thing I must confess. See, when you are trying to market bitcoin to the people, there must be group of people somewhere teaching opposite what you are teaching. Trying to defame bitcoin. So you work will not only be to make them understand the true nature of bitcoin, but you will first have to unlearn them. Which is always a difficult job. So my prayer is that bitcoin continue to last and people will come embrace bitcoin willingly.
It bearly a decade bitcoin appeared but it has made major impact in the world.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Jemzx00 on June 05, 2022, 09:41:32 PM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.
Unfortunately without backing from any government of any country, it’ll be hard to legalize bitcoin and provide a massive adoption. For example are countries where they’re government has already banned bitcoin and cryptocurrency on their country. In this situation, the citizen or people has now limited actions to do towards bitcoin or crypto.
As of now, as regular citizens, our duty if we would like to contribute with bitcoin and crypto adoption is to provide and expand knowledge to those who are not literate with cryptocurrency. In that way, more and more people will be able to acknowledge cryptocurrency on their daily transactions. However, for me, government acknowledgement must be the key to a much more wider adoption.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Fatunad on June 05, 2022, 09:56:11 PM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.
Unfortunately without backing from any government of any country, it’ll be hard to legalize bitcoin and provide a massive adoption. For example are countries where they’re government has already banned bitcoin and cryptocurrency on their country. In this situation, the citizen or people has now limited actions to do towards bitcoin or crypto.
As of now, as regular citizens, our duty if we would like to contribute with bitcoin and crypto adoption is to provide and expand knowledge to those who are not literate with cryptocurrency. In that way, more and more people will be able to acknowledge cryptocurrency on their daily transactions. However, for me, government acknowledgement must be the key to a much more wider adoption.
Yes and we know that support isnt something that we could easily see on any place where government does really always have that negative stance towards bitcoin or crypto as a whole
which it isnt surprising that they would really make out some counter measures in related on neither blocking it or making such regulation that would really be that strict towards their
crypto users citizen who do live in the country but at least with having these news and fundamentals which it  could really create that kind of buzz or noise which would
be considerable on adding up some exposure in the market.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: AicecreaME on June 06, 2022, 06:34:03 AM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.
Unfortunately without backing from any government of any country, it’ll be hard to legalize bitcoin and provide a massive adoption. For example are countries where they’re government has already banned bitcoin and cryptocurrency on their country. In this situation, the citizen or people has now limited actions to do towards bitcoin or crypto.
As of now, as regular citizens, our duty if we would like to contribute with bitcoin and crypto adoption is to provide and expand knowledge to those who are not literate with cryptocurrency. In that way, more and more people will be able to acknowledge cryptocurrency on their daily transactions. However, for me, government acknowledgement must be the key to a much more wider adoption.

This is true. The government plays a huge role in the successful adoption of bitcoin. If the government is against it in the first place, it will be impossible for it to be legalized. Which could result to little transactions to be done because it isn't acknowledged.

Some people have very little to no knowledge about bitcoin. If it won't be spread out, the possibility of having an adoption would be slim since the government also takes into consideration the demands of the citizen. If we would and could take part into spreading awareness and knowledge, it will be great and would be beneficial to the community.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: kotajikikox on June 06, 2022, 11:25:04 AM
it may not be easy and may need total effort but at least  we will see result in goodness and that is we must spread the message of bitcoin to the world  , we all have our social media accounts in which we can use for spreading .
and our friends and family that will extend the spread to their own sets of friends and family's .
why not try extending efforts? this is the problem with most of us that seeking for mass adoption but not doing their contribution in spreading.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: krishnaverma on June 06, 2022, 11:34:01 AM
Here are few things you can do to speed up bitcoin adoption:

1) If you sell some service or product, you should also start accepting bitcoins as payment in addition to other payment options. This will encourage people to use bitcoins.

2) You should discuss with your friends about the benefits and limitations of bitcoins. Once they are completely aware about the pros and cons of bitcoins, they can make proper decision regarding using bitcoins.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: DU18 on June 06, 2022, 11:56:38 AM
Here are few things you can do to speed up bitcoin adoption:

1) If you sell some service or product, you should also start accepting bitcoins as payment in addition to other payment options. This will encourage people to use bitcoins.

2) You should discuss with your friends about the benefits and limitations of bitcoins. Once they are completely aware about the pros and cons of bitcoins, they can make proper decision regarding using bitcoins.
The first option, I think it's a difficult thing for some of us to do because it might collide with government regulations that exist in some countries, for example in my country, the use of bitcoin is regulated only as an investment asset, whereas if I try to use it as a means of payment or receive payments from consumers then the license of my service or shop will be revoked and I get a penalty or fine from the government.

While for Option number 2, I agree with you because it is the easiest thing we can do to introduce bitcoin to our relatives and people, maybe by educating the people closest to us about the benefits of using bitcoin then we have a hand in accelerating bitcoin adoption , because in my opinion, with the right education to people, of course bitcoin information will spread more because the information chain continues to intertwine between humans.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: bitzizzix on June 06, 2022, 01:29:02 PM
it may not be easy and may need total effort but at least  we will see result in goodness and that is we must spread the message of bitcoin to the world  , we all have our social media accounts in which we can use for spreading .
and our friends and family that will extend the spread to their own sets of friends and family's .
why not try extending efforts? this is the problem with most of us that seeking for mass adoption but not doing their contribution in spreading.
I agree, and what we have to do is self-awareness or initiative to spread and understand bitcoin to the closest people, family and also everyone who we think can accept it well.
but it can't be denied that actually a lot of bitcoin or other crypto users without us knowing and they do it themselves because I have found several times they accidentally get involved with bitcoin, and I think sooner or later everyone realizes it and those who haven't because of them do not understand the good use of bitcoin and the difficult problem is only the government they doubt and also fear.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: savetheFORUM on June 06, 2022, 01:39:46 PM
I know I sound like I keep repeating myself, but if you read up from the past, you know that the adoption of mobile payments is the way to go. We have a ton of exchanges, the most commonly known are binance, coinbase and crypto.com websites. Instead of having like debit cards or anything, just have mobile phone apps that you could pay from, like read a QR code to pay type of stuff.

This may not be common in the world right now, but I guarantee you 100% that we will no longer have POS machines in the future, all banks will move towards shops having tablets with bank app and qr code to get paid, and people will pay via mobile phones with bank app by reading the qr code, get in there as an exchange and help people pay with their exchange app instead of bank app and you will get adopted rapidly.
Why do you think you are repeating? Have you said these words before? But, I think it was fine since not all people can read your reply and this was my first time to read this but moving on, the mobile payments your talking about is I think not an old thing but it was new and it only got popular by the time covid started because people are advised to stay inside.

It will be hard for them to transact the traditional way, that is why people don't have a choice but to learn those mobile payments even if they are not comfortable with it. It was worth it since they are now used to this and now love it more than the offline transactions. I agree, no need for pos because they are not friendly to the environment as they use paper.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Raflesia on June 06, 2022, 01:44:31 PM
it may not be easy and may need total effort but at least  we will see result in goodness and that is we must spread the message of bitcoin to the world  , we all have our social media accounts in which we can use for spreading .
and our friends and family that will extend the spread to their own sets of friends and family's .
why not try extending efforts? this is the problem with most of us that seeking for mass adoption but not doing their contribution in spreading.
I agree, and what we have to do is self-awareness or initiative to spread and understand bitcoin to the closest people, family and also everyone who we think can accept it well.
but it can't be denied that actually a lot of bitcoin or other crypto users without us knowing and they do it themselves because I have found several times they accidentally get involved with bitcoin, and I think sooner or later everyone realizes it and those who haven't because of them do not understand the good use of bitcoin and the difficult problem is only the government they doubt and also fear.
My family and friends are familiar with bitcoin, including my brother who has been in bitcoin investment since my introduction. They have understood the bitcoin that I adopted closely and of course they accepted it well after my explanation about bitcoin.

Indeed, they already know it themselves because television has now reported a lot about bitcoin when it goes up or down, of course they will know and learn on their own, so what they do with their own judgment is because bitcoin is really useful for the future, but the government is happy for now it still accepts bitcoin.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: fuguebtc on June 06, 2022, 04:57:22 PM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.
Unfortunately without backing from any government of any country, it’ll be hard to legalize bitcoin and provide a massive adoption. For example are countries where they’re government has already banned bitcoin and cryptocurrency on their country. In this situation, the citizen or people has now limited actions to do towards bitcoin or crypto.
As of now, as regular citizens, our duty if we would like to contribute with bitcoin and crypto adoption is to provide and expand knowledge to those who are not literate with cryptocurrency. In that way, more and more people will be able to acknowledge cryptocurrency on their daily transactions. However, for me, government acknowledgement must be the key to a much more wider adoption.

Right, we live in a government controlled world. It will be very difficult to succeed in making bitcoin widely accepted without the help of the government. Just a ban or public government against bitcoin and people will turn away from bitcoin because they all realize that going against the government is a bad thing and not in their favor at all. We can propagate and teach people about bitcoin, but for bitcoin to really get mass adoption, we need help from the government.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Doan9269 on June 06, 2022, 05:40:44 PM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

the roles lies in our hands and not the government, moreover who are the government? can they out number the whole population of the citizens the make use of bitcoin for payment and transactions?  we need to confide adequate trust in ourselves first, in what we do there must be a transparent features so as not to create a second thought of approach to bitcoin by the the populace, we bitcoiners are the iimage and full representation of what bitcoin is and we can't have what we can't give, that's the reality about life, Satoshi has tried from his own end and its over to us to maintain the legacy.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: SirLancelot on June 06, 2022, 09:28:14 PM
The government plays a huge role in the successful adoption of bitcoin. If the government is against it in the first place, it will be impossible for it to be legalized. Which could result to little transactions to be done because it isn't acknowledged.

Some people have very little to no knowledge about bitcoin. If it won't be spread out, the possibility of having an adoption would be slim since the government also takes into consideration the demands of the citizen. If we would and could take part into spreading awareness and knowledge, it will be great and would be beneficial to the community.
Not legalized and there's still a little transactions? How come? If something is banned on a country then there must be no activities on going because if someone still insists it then they will be in great danger. I don't think that someone can afford to risk their lives only because of btc.

If someone has a little or no knowledge at all when it comes to bitcoin then no worries because we can always teach them to become more better at it or to finally have an idea about it. That is easy but the hardest part is about the governments. We cant almost do anything if they decided to banned btc on our country. We are too small for our voice to be heard out.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Masplanc on June 06, 2022, 09:43:33 PM
One of the things to be done to speed up the adoption of bitcoin is to accept bitcoin as payment and also to make payment with bitcoin. But if the government should adopt bitcoin as a currency it will speed the adoption of bitcoin.the role which the government will play will make it faster than individuals.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: lixer on June 06, 2022, 09:46:11 PM
The first option, I think it's a difficult thing for some of us to do because it might collide with government regulations that exist in some countries, for example in my country, the use of bitcoin is regulated only as an investment asset, whereas if I try to use it as a means of payment or receive payments from consumers then the license of my service or shop will be revoked and I get a penalty or fine from the government.

While for Option number 2, I agree with you because it is the easiest thing we can do to introduce bitcoin to our relatives and people, maybe by educating the people closest to us about the benefits of using bitcoin then we have a hand in accelerating bitcoin adoption , because in my opinion, with the right education to people, of course bitcoin information will spread more because the information chain continues to intertwine between humans.
Before we do the first option let us first check the status of bitcoin in our country if it's legal as a currency use. If not then we shouldn't made the idea public but we can still secretly accept bitcoin to our customers.

I heard many posts in regards to this where they approach the owner if they accept btc and use it instead of cash even if it wasn't displayed on the store that they accept btc payments because it was not legal in their country. Option two is straight to the point but it is also risky, I mean they can ignore btc right after away if we include the cons or the disadvantage of it upon encouraging them to join btc but it is also better to be honest so that we shouldn't be blamed later on.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: Davidvictorson on June 06, 2022, 10:12:36 PM
Quote
What can we do to speed up Bitcoin mass adoption?

In my country bitcoin is regulated by the Central Bank and not ban. To an extent, this is a good thing. If I were a public figure, I would lobby political leaders. But since I am not here's what I have been doing to speed up mass adoption at the grassroot:
1) I  started the first Bitcoin Book Club in my City (https://bitcointalk.org/index.php?topic=5398973.msg60151842#msg60151842) with concrete plans for the future.
2) I am working on translating bitcoin materials and resources to local languages in my country for offline and online distribution.
3) I am going to run cutting-edge grassroots campaigns with friends and other bitcoin enthusiasts.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: kawetsriyanto on June 06, 2022, 11:32:01 PM
One of the things to be done to speed up the adoption of bitcoin is to accept bitcoin as payment and also to make payment with bitcoin. But if the government should adopt bitcoin as a currency it will speed the adoption of bitcoin.the role which the government will play will make it faster than individuals.
Sure, if the government allows Bitcoin to be a payment tool, it can speed up BTC adoption in a country. But many governments don't allow BTC for payment purposes, they only legalize it as a digital investment. This happens in my country, it is illegal to pay anything with BTC. So, how can we expect to speed up in this way? For now, we only can try to make people more familiar with BTC and ensure the government that BTC has many advantages to use. If BTC has a good reputation, we expect someday our government considers it as a legal payment tool. That's all we can do now!!



Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: KaliLinux on June 07, 2022, 09:30:19 AM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.
Unfortunately without backing from any government of any country, it’ll be hard to legalize bitcoin and provide a massive adoption. For example are countries where they’re government has already banned bitcoin and cryptocurrency on their country. In this situation, the citizen or people has now limited actions to do towards bitcoin or crypto.
As of now, as regular citizens, our duty if we would like to contribute with bitcoin and crypto adoption is to provide and expand knowledge to those who are not literate with cryptocurrency. In that way, more and more people will be able to acknowledge cryptocurrency on their daily transactions. However, for me, government acknowledgement must be the key to a much more wider adoption.
You are right in my opinion and I believe that there are some that will not want to agree. Bitcoin can definitely exist without Government support as we have even seen over the years in most regions but once we start to look at Global adoption then I too believe the Government is important on that note. Look at what happened today with the sharp drop in Bitcoins price because of the talk about SEC's investigation into Binance and possibly the upcoming Crypto bill set to be introduced tomorrow. So we can see that the Government still has their influence on crypto generally so their backing for Bitcoin mass adoption. 



Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: m2017 on June 09, 2022, 07:35:13 AM
Quote
What can we do to speed up Bitcoin mass adoption?

In my country bitcoin is regulated by the Central Bank and not ban. To an extent, this is a good thing. If I were a public figure, I would lobby political leaders. But since I am not here's what I have been doing to speed up mass adoption at the grassroot:
1) I  started the first Bitcoin Book Club in my City (https://bitcointalk.org/index.php?topic=5398973.msg60151842#msg60151842) with concrete plans for the future.
2) I am working on translating bitcoin materials and resources to local languages in my country for offline and online distribution.
3) I am going to run cutting-edge grassroots campaigns with friends and other bitcoin enthusiasts.
What you are doing is commendable. You know this very well without me.

I support your initiatives, because this is also important for mass adoption: you are preparing the basis for this. No dissemination of bitcoin is possible unless people are aware of its existence, benefits and principles. The media give superficial and highly distorted information about bitcoin, so need to convey to people only the full truth about it. Only after that it will be possible to talk about mass adoption. Not immediately, but after a while, thanks to the opportunities and advantages, people themselves will gradually begin to contribute to bitcoin dissemination. In general, I believe that mass adoption lies in the hands of the people themselves and only they themselves can influence this without expecting that someone else will do it for them.


Title: f
Post by: Rockstarguy on June 09, 2022, 10:56:06 AM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

If Government is not in  support of bitcoin it can affect bitcoin, especially how to spend bitcoin. It will be rare for people to accept bitcoin as payment to buy somethings , maybe only those who are bitcoin lovers will accept bitcoin for payment. When government is not in support of bitcoin, bitcoin will be used just for investment mostly.


Title: Re: f
Post by: kawetsriyanto on June 09, 2022, 11:15:10 PM
If Government is not in  support of bitcoin it can affect bitcoin, especially how to spend bitcoin. It will be rare for people to accept bitcoin as payment to buy somethings , maybe only those who are bitcoin lovers will accept bitcoin for payment. When government is not in support of bitcoin, bitcoin will be used just for investment mostly.
It happens in my country. You even cannot use Bitcoin for payment purposes at all. No one braves enough to accept Bitcoin because the laws don't allow it. If you try to pay for any goods or services with Bitcoin, you may be in trouble with the laws. In this situation, Bitcoin adoption for payment purposes is deadlocked (no way to try). The only way to use Bitcoin is for a digital asset, it is allowed. According to this situation, sure it is very clear that the government has a crucial role to speed up Bitcoin adoption.



Title: Re: f
Post by: dataispower on June 09, 2022, 11:27:30 PM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

If Government is not in  support of bitcoin it can affect bitcoin, especially how to spend bitcoin. It will be rare for people to accept bitcoin as payment to buy somethings , maybe only those who are bitcoin lovers will accept bitcoin for payment. When government is not in support of bitcoin, bitcoin will be used just for investment mostly.
Bitcoin is a decentralized currency which government has being opposing the development of bitcoin starting from the time it was developed and introduce or launched. The support bitcoin had today is not from the government but the individual's who values the currency and decide that the currency will exist and last. But most of us don't understand it that way that bitcoin till now it's not under the development or control of any country government. The investment of bitcoin is from people who cares for the development and who values it without much doubt


Title: Re: f
Post by: Hamphser on June 09, 2022, 11:39:47 PM
The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.

If Government is not in  support of bitcoin it can affect bitcoin, especially how to spend bitcoin. It will be rare for people to accept bitcoin as payment to buy somethings , maybe only those who are bitcoin lovers will accept bitcoin for payment. When government is not in support of bitcoin, bitcoin will be used just for investment mostly.
Bitcoin is a decentralized currency which government has being opposing the development of bitcoin starting from the time it was developed and introduce or launched. The support bitcoin had today is not from the government but the individual's who values the currency and decide that the currency will exist and last. But most of us don't understand it that way that bitcoin till now it's not under the development or control of any country government. The investment of bitcoin is from people who cares for the development and who values it without much doubt
They would really be opposing on what things that they cant control thats why its not surprising that they would really be having those kind of false ads or sentiments which would really be affecting bitcoin reputation

or in overall crypto space where those people who do have zero knowledge will definitely be ending up on having bad impressions about it.Getting faster in terms of adoption is something that shouldnt be hurried up.

Let the community grow because forcing will really be having no effect because people would be having their own perceptions and mindset or treatment towards it.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: TheGreatPython on June 12, 2022, 05:05:47 PM
I believe that there are some that will not want to agree. Bitcoin can definitely exist without Government support as we have even seen over the years in most regions but once we start to look at Global adoption then I too believe the Government is important on that note. Look at what happened today with the sharp drop in Bitcoins price because of the talk about SEC's investigation into Binance and possibly the upcoming Crypto bill set to be introduced tomorrow. So we can see that the Government still has their influence on crypto generally so their backing for Bitcoin mass adoption. 
This is true that we need to actually have some sort of government support in order to keep it going with a high adoption rate. This is why we should not be really refraining to the point that we dislike government intervention. If we do that then we are not going to end up with any support at all and then all the crypto adoption would have to be on the behind the closed doors type.

So, in order to make this work, we need to pressure the politicians we elect to vote for crypto to be legal and also not have any high regulations neither, make it relaxed and taxed very little so that everyone would be able to invest into crypto without fear.


Title: Re: What can we do to speed up Bitcoin mass adoption?
Post by: evichi on June 13, 2022, 09:36:33 AM
In order to speed up the adoption of Bitcoin globally, IMO, the two major concerns are:(1) Education or Enlightenment, (2) Reducing poverty. These are two major areas that can quickly help to speed up the adoption of Bitcoin. The two have to be there to speed up adoption. People may have the money but may not have understood how Bitcoin works, or People may understand how it works, but no money to trade or even acquire transaction gadgets like smartphones, laptops, etc. I think these two areas are very major of which if critically tackled, could help to speed up the adoption of Bitcoin.