Mass adoption of crypto

[TinaK]

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

[hatshepsut93]

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

There will be a false flag event or a economic collapse which will have the people begging for this currency.  The people will beg for it.  That part is important to the puppet masters.

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

[SquallLeonhart]

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

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

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

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

[CryptoBry]

I believe the mass adoption of crypto (I say crypto and not Bitcoin) will occur when there are central banks in the final 3 countries who are resisting.  The 3 countries are Syria, Iran and North Korea. 

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

So....where is my mass adoption?

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

[Reid]

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

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

[Yatsan]

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

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

What are going to be scared of? We need not to be worry all about if we're doing legit intentions with their exchange site. KYC just taking our legitimate identity as proof of existence. This prevents any possible scammers to come and trade with us, and become their potential victim. If this will bring good results for everybody

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

I think mass adoptions will follow because it increases demand and interest from new comers who desires to use crypto for their daily trading.

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

[xiboothrezi]

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

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

[Kyraishi]

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

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

[Daniel91]

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

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

[danggoron]

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

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

[Wintersoldier]

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

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

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

[DreamStage]

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

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