Is Mass Adoption even possible..

[Clement Kaliyar]

Cryptos are almost like stocks and most people have no interest in learning stocks even though the stock exchange is trusted platform.
Thoughts?

If you look back at the history of trading in stock exchange it was wild and unregulated in the beginning and then government started implementing rules and regulation for that and that is the case with cryptos too and only time will tell what the state would be and since it is a new form of platform it will take time for mass adoption.

[1714884410]

1714884410

[1714884410]

1714884410

[1714884410]

1714884410

[1714884410]

1714884410

[1714884410]

1714884410

[1714884410]

1714884410

[IadixDev]

Another thing imo which would increase bitcoin adoption is possibility to have on chain meta data associated with addresses, or group of adress, in sort that a sense of legal or moral entity could emerge from the blockchain and the possibility to specialize account like PayPal with merchent and customer type of address or account, to know a bit more of who is what and have more information on what the transaction represent in a higher level, to make things more transparent and "humanly readable".

[ImHash]

Which country has the cheapest electricity? one is China and that alone has more than 1B population, if we are introducing bitcoin as a decentralized currency every one should be able to mine it but when most of the people in other countries see they can't profitably mine bitcoin and see Chinese have the advantage over them, what would you do?

I think nation adoption has already happened but worldwide adoption with this small block size? the joke is on you.

[Wind_FURY]

It's relative. Investors determine the price and mass adoption is how sad it sounds part of what the market wants... in this case the investors.

the only things that can affect the mass adoption are the ability of bitcoin to handle the large number of transactions. and then it is the willingness of the investors to spend bitcoin or just trade it. and as long as they are not spending, no mass adoption and no merchant is coming in.

This. I believe HarryKPeters himself does not understand what he was talking about or if he really did care what the topic was all about. He might have tried to answer as best as he can and still missed the target badly.

Mass adoption for Bitcoin is a lost cause judging from what is going on today. But it is still very useful in the dark markets.

[doaremon]

Oooh...

...and most people have no interest in learning stocks even though the stock exchange is trusted platform.

Thoughts?

Most people DO have interest in the stock market...learning it probably less so, but most people with money want to get involved in how to make money off their money.

Mass adoption is possible but we need to understand what "mass" means. Bitcoin available in most places, but perhaps not used by most people. Stocks are everywhere but not everyone buys them. Credit cards are everywhere but not everyone uses one. Paypal is everywhere but not everyone uses it.

There's adoption as a currency and adoption as an investment, the latter is easier but makes a much better endgame if the former is successful

Bitcoin as currency gives is it validation alongside other The key to greater adoption as currency is getting businesses to accept it for payment. The rest just falls into line.

That said, there's still an investment route adoption without currency but it requires more investment companies to recognize it - analysts talking about it as a commodity or an asset class.

Yes I think that people are interested in stock but they finds it critical to understand the market and the loses they see from time to time make them stay away from stock exchange. But bitcoin is not as critical as its looks from outside, from some research anybody could understand the market of bitcoin additionally from the past statistics we can see the it never lose that much value even if it loose the value recovered soon.
So mass adoption is very much possible in bitocin. 

[Carmen_Sandiego]

Cryptos are almost like stocks and most people have no interest in learning stocks even though the stock exchange is trusted platform.
Thoughts?

If you look back at the history of trading in stock exchange it was wild and unregulated in the beginning and then government started implementing rules and regulation for that and that is the case with cryptos too and only time will tell what the state would be and since it is a new form of platform it will take time for mass adoption.

With regard to exchanges things have advanced a lot, there was a time when the only option people had was Mt. Gox, and probably other less known exchanges. Progress in this regard is very important for adoption as this makes it easier for people to buy Bitcoin and get involved with it.

[IadixDev]

Trading and speculation profit is not the only use of blockchain either

[zimmah]

Of course it's possible. But not on 1MB blocks.

[1Referee]

worldwide adoption with this small block size? the joke is on you.

I am sure that at some point the block size will get a bump to allow more transactions to be processed, but the main point of attention will be when, and what update will make sure we get these much waited for larger blocks. I of course hope that SegWit will still overcome the relatively low support by pools, but in order to make Bitcoin move forwards, larger blocks are indeed a necessity. That's why it sucks that pools and certain high level Bitcoiners add more value to their empty egos than Bitcoin itself. Bitcoin on its own is a fantastic invention, but as always, people make things way more difficult.

[Wind_FURY]

Of course it's possible. But not on 1MB blocks.

Not if the banks still have a say in government policies and laws created. They control everything, they own the world and if Bitcoin really gains "mass adoption" then that means they allowed it. What they cannot take away from Bitcoin is its ability to be a censorship resistant value transfer system. Perfect if you want to be "anti bank".

[Doms]

Mass adoption might just be a dream, given the problems being encountered with delayed transactions. I think that will be the biggest stumbling block and will be such a big obstacle to hurdle for years to come. But then there is hope, and we can only hope that bitcoin reaches a point where everyone is familiar with it where banks and governments have set a certain policy towards its acceptance and usage.

[Wind_FURY]

Mass adoption might just be a dream, given the problems being encountered with delayed transactions. I think that will be the biggest stumbling block and will be such a big obstacle to hurdle for years to come.

That is the biggest stumbling block for you? What about the big banks owned by the ruling elite and they also own everything including the government that you so love to follow and support.

But then there is hope, and we can only hope that bitcoin reaches a point where everyone is familiar with it where banks and governments have set a certain policy towards its acceptance and usage.

I can say that you are not too bright looking at your posts. Try going to your bank and ask an executive if he knows about Bitcoin. If not tell him about it then ask him if he should care. Come back here and tell us what he said.

[Idrisu]

Cryptos are almost like stocks and most people have no interest in learning stocks even though the stock exchange is trusted platform.

Thoughts?

Cryptocurrencies is not like stock as there are two different things. Stock is liquid asset that can easily be converted into money. While bitcoin or other cryptocurrencies is money itself, it is decentralized and you can store it like a store of value. Masses will adopt bitcoin because of it decentralized nature, low fee on transactions compared to fiat money.

[KennyR]

Mass adoption of bitcoin by users is possible, but it won't have a growth rate throughout. These days the merchants and retailers accepting bitcoin is increasing rapidly, to the same the user base is not getting increased in the similar base. So things could take place evenly and rest in the hands of merchants to convince people to use bitcoin as a mainstream purchase currency.

[abonarea]

This is how I understand the meaning of mass adoption for anything. When something like Bitcoin has limited supply it is almost impossible for every single person to put hands on it. Mass adoption means large number of people are showing interest and trust to use something as alternative means of their local currencies. Bitcoin already has reached to that point.

[e-coinomist]

Cryptocurrencies is not like stock as there are two different things. Stock is liquid asset that can easily be converted into money. While bitcoin or other cryptocurrencies is money itself, it is decentralized and you can store it like a store of value. Masses will adopt bitcoin because of it decentralized nature, low fee on transactions compared to fiat money.

The transaction fees are a mood detail. At the moment fees calculated in Dollars are rising along BTCs notation (spending 0.000123 BTC for fees costs you more at 1000 USD/BTC than did at 150 USD/BTC so multiplied six times in between last two years) this effect rather hampers adoption than propelling it onwards.
Asset liquidity on BTCs (and even Altcoins) exceeds any stock, you can act as your own broker and transfer times are magnitudes quicker in comparison to "1 1/2 Bank Days". Yours truly has to take a look at bank account tomorrow in the evening times, sighs!
Once Vinkelvoos ETFs and the like get common these border lines will be more obscured, the differentiation between stocks vs. cryptos vanishing.

[azguard]

Of course it's possible. But not on 1MB blocks.

Yea after segwith support drop down and BU comes on top even classic  8MB has how 10% support.
But i will back you up with block size and think that 8MB would be good solution for mass adoption. Segwith didnt do as expected i presume so remain to be seen in next period how thing will work out.