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Author Topic: IS ADOPTION WHAT WE REALLY WANT?  (Read 274 times)
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May 23, 2018, 04:30:30 AM
 #41

I dont think government needed to adopt bitcoin or any other kind or form of cyptocurrency , why? government cant die , It has taxes and different kind of things to make a strong government . In terms of  being worried by the fame of crypto ,Crypto are being observed by government, it will never be a threat to government .

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May 23, 2018, 04:52:33 PM
 #42

Yes, the adoption would drag our attention towards the problems of using it as a payment system. As of now, we should start focusing on building utility value by using it as a payment system instead of focusing on the speculation. Still, I don't think that giants like Amazon or Google will accept Bitcoin or crypto at this stage but we can always have the option to build our own decentralized marketplaces with escrow system to facilitate crypto-based e-commerce platforms.

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May 23, 2018, 07:20:13 PM
 #43

I don't follow your logic, but if you think adoption is a bad idea, then your best plan of action is to create your own coin and don't tell  anyone else. That way, while everyone else suffers from the curse of adoption, you will still enjoy the benefits of a coin that can be used only by you.

This is a nice answer with a touch of humor. Enjoyed reading it. Thanks, odolvlobo!

Just want to add that we shouldn't be afraid of wider adoption nor of emergence of new altcoins with good qualities. If you believe something is good, it shouldn't be hidden in order to remain good with the lack of pressure or competition. I'm sure Bitcoin will survive any kind of pressure from governmental structures and will win any competition.

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May 24, 2018, 08:00:37 PM
 #44

Yes, adoption is definitely what we need at this moment, especially. The Bitcoin’s actual worth is more than its present value and it has already shown us quite a number of times. But the fake news, panic selling, etc caused a major fall in the price of Bitcoin. So in such a situation if the adoption rate of Bitcoin increases, then it will grow and show us some stability.
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May 24, 2018, 08:51:33 PM
 #45

I dont think government needed to adopt bitcoin or any other kind or form of cyptocurrency , why? government cant die , It has taxes and different kind of things to make a strong government . In terms of  being worried by the fame of crypto ,Crypto are being observed by government, it will never be a threat to government .

Adoption in the sense of making this thing more legal or regulated instead of banning bitcoin. Governmet will still survive even without this thing but I think we should adopt the technology which can drive your economy growth because many people will become successful and this can help one country.

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May 24, 2018, 09:07:24 PM
 #46

It does not mean that if we will adopt cryptocurrency, we will reject the other way around. We still had the freedom to choose on what we are going to use in transactions for example. Crypto is preferable because of the convenience that it can bring to the user. However, if that convenience means adopting the fiat and not the crypto then that's the choice by that certain individual. Crypto is good and the same thing with fiat, we don't have to argue with that.

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May 24, 2018, 09:16:59 PM
 #47

I don't really understand your sentence but if i'm not wrong, you don't really like adoption because the government or bank won't stay still and try to control bitcoin?
Well for me i think adoption is a good thing. Not only it can make bitcoin more popular and people be familiar with bitcoin, but also we will get more places to spend our bitcoin, for us whose county didn't accept bitcoin as payment or illegal. At least i can make use of my bitcoin to transact in online things like amazon, not just use it as investment like always.

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May 24, 2018, 10:04:07 PM
 #48

It does not mean that if we will adopt cryptocurrency, we will reject the other way around. We still had the freedom to choose on what we are going to use in transactions for example. Crypto is preferable because of the convenience that it can bring to the user. However, if that convenience means adopting the fiat and not the crypto then that's the choice by that certain individual. Crypto is good and the same thing with fiat, we don't have to argue with that.
I agree.I think this happens only because cryptocurrency is always compared with fiat currency wherein we can really no longer compete with fiat because it is already an established currency by the government.But if ever bitcoin will have its own mass adoption too,then its price will surely increase too like when positive media news had affected it.With this,we can have more chances to use bitcoin anytime and anywhere making our transactions more convenient too.

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SlickMoTwoToe
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May 24, 2018, 11:38:53 PM
 #49

Adoption of every single detail is very important if you know how to adopt things you will never hurt what will happen, and besides bank couldn't control it and stop comparing on the things that is not really matter.

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May 26, 2018, 10:48:47 AM
 #50

Yes, the adoption would drag our attention towards the problems of using it as a payment system. As of now, we should start focusing on building utility value by using it as a payment system instead of focusing on the speculation. Still, I don't think that giants like Amazon or Google will accept Bitcoin or crypto at this stage but we can always have the option to build our own decentralized marketplaces with escrow system to facilitate crypto-based e-commerce platforms.
Adoption plays an important role in the market value of Bitcoin. The more the numbers of people are adopting Bitcoin the demand will increase and the same as supply also increases then the more the price will increase. In order to work on encouraging people towards this market Bitcoin has started cars and traveling in different countries and introducing Bitcoin to people.

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May 26, 2018, 12:02:17 PM
 #51

It does not mean that if we will adopt cryptocurrency, we will reject the other way around. We still had the freedom to choose on what we are going to use in transactions for example. Crypto is preferable because of the convenience that it can bring to the user. However, if that convenience means adopting the fiat and not the crypto then that's the choice by that certain individual. Crypto is good and the same thing with fiat, we don't have to argue with that.
I agree.I think this happens only because cryptocurrency is always compared with fiat currency wherein we can really no longer compete with fiat because it is already an established currency by the government.But if ever bitcoin will have its own mass adoption too,then its price will surely increase too like when positive media news had affected it.With this,we can have more chances to use bitcoin anytime and anywhere making our transactions more convenient too.

Whether we like it or not, we still need fiat and it can't be easily diminish by anything and even bitcoin. Yes, let's not argue with this because we can still have bitcoin as additional currency and not let replace fiat. Fiat as being essential in the economic circulation and bitcoin giving us convenience and transparency that humanity needs.

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May 26, 2018, 12:14:51 PM
 #52

Sorry I didn't quite get you. Adoption, big services, Satoshi notion, government centralization... I'm sorry I didn't understand your message or your thoughts. But the thing is, the government WILL find a way to centralized it, which didn't happened already. And we haven't seen any sign of making crypto currency centralized. The best thing that government can do is to ban it, nothing more.
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May 28, 2018, 12:20:02 PM
 #53

damn it, i think that we all are looking for that in here, adoption is a must in here to make the price skyrocket in a few years from now, but it is something difficult to achieve, because nowadays, not even the 3% owns bitcoin.


It is very difficult since there are medias that are making information that may make the people turn against Bitcoin. We can't stop these people hating Bitcoin if we just continue on using, trading and investing on Bitcoin the price will be having a pump in the future. We don't need to wait we just need to be patient and just focus on our other investments.

I think media mainly are pro-blockchain. They post about it, educate people for free.
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June 02, 2018, 12:43:52 AM
 #54

Embracing  new ideas and new technologies is not a bad idea because we are already in a state where innovation is in.  But in any case government  has really an important role when it come to regulating money for one nation. Nonetheless, cryptocurrency is a great investment to invest with,  where everyone can be benefited as an extra income.
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June 02, 2018, 01:25:36 AM
 #55

Adoption in terms of centralization is the main thing that is not possible if the government would acknowledge. Well, we cannot guarantee that it would suppose to happen, although we know subconsciously that these government officials use bitcoin as part of their investment. So I think the more officials that would generally engage into these activity the more it would likely to absorp bitcoin in the country as part of their economic status advancement.
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June 02, 2018, 02:29:44 AM
 #56

too many cryptocurrency and people seek adoption and get excited when big service start using it (amazon,..) but do you really think that the gouverment and banks would stands by and loose its control ,of course no they will find a way to centralize it
in that case how would the world economic lool like ?
isnt in the very notion of adoption that we loose Satochi vision the very notion that crypto is built on? 
Yes we want massive adoption because we all wanted that bitcoin would grow and develop,its price as well but it doesn't mean that other currencies would lose its value that could make governments to get panic from it and make bitcoins and other currencies on their control.Digital currency was just another option to make our work easier  and fast.Theres a choice of its user where to prefer to use fiat or digital currency.


Adoption is really important in this generation and for the  upcoming years specially technology is keep on innovating. Like the blockchain is using technology . We cannot manage our investment in crytocurrency if we don't have any basic knowledge in technology. That is the most important to adopt in the fast pacing generation.
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June 02, 2018, 05:55:03 AM
 #57

too many cryptocurrency and people seek adoption and get excited when big service start using it (amazon,..) but do you really think that the gouverment and banks would stands by and loose its control ,of course no they will find a way to centralize it
in that case how would the world economic lool like ?
isnt in the very notion of adoption that we loose Satochi vision the very notion that crypto is built on? 
What are you even saying? What is the essence of growth without adoption and where did you get that from that satoshi's vision that adoption would end up making us to lose that vision.

I guess you read the wrong whitepaper bro and you may need a link to the original one, https://bitcoin.org/en/bitcoin-paper. Adoption is a good thing for further development and growth in any situation and whatever is going on in your head with what you have written down makes you sound clueless.

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June 02, 2018, 07:03:46 AM
 #58

If I understand you well;. You think cryptocurrency shouldn't be used/ adopted as a means of payment system because the government might end up centralizing it. Well, a lot of people are making money on cryptocurrency; especially on new coins that are entering the market and forgets the purpose of why cryptos was created for. If  the government will accept cryptos to be used with regulations then it will be a good thing.
A lot of people actually mix up regulation with bitcoin turning into a centralized currency which I believe that is the vision the OP is talking about which his solution sounds so absurd. Adoption is a normal and good thing and there is no way that is going to end up causing a problem for bitcoin decentralization characteristics. With regulation however, even comes adoption as we at least know that legally, it has become acceptable and a mutual benefit being derived.

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June 02, 2018, 07:11:54 AM
 #59

too many cryptocurrency and people seek adoption and get excited when big service start using it (amazon,..) but do you really think that the gouverment and banks would stands by and loose its control ,of course no they will find a way to centralize it
in that case how would the world economic lool like ?
isnt in the very notion of adoption that we loose Satochi vision the very notion that crypto is built on? 
I think government could put a regulations in it but not totally controlling it.Legalities in one country peoples depends on, that can create mass adoption because they can used it freely without fears.Satoshi Nakamoto's concept will stay for a lifetime whenever this trend will go every coins needs mass adoptation to have value in one market.

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June 02, 2018, 07:20:57 AM
 #60

The governments of the world can pretty much do what they want. Nothing else we can do about it. All we can do is enjoy what we are having right now and hope for the best that bitcoin will help us reach our goals.
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