People continue to speak about mass adoption

[DarrinEspacio]

Why People continue to speak about mass adoption but let me ask this question. How many of you "early adopters" are actually using any of the cryptocurriences you hold and how do you foresee a future where you use them across multiple platforms? I mean there are already 2000+ and that could easily get to 10k. So someone explain to me what you are investing in that you believe is a utility. Disclaimer: I am only here for the Knowledge

[kabum21]

I think that for mass adoption to be successful, there only has to be a limited amount of coins for each sector, for example in transactions we already have bitcoin, dash and for financial institutions, ripple, for mass adoption to occur the currency has to stabilize, perhaps not at the price of the dollar but quite similar, so that people are discouraged to do hodl.

[franky1]

ive been here since 2012. ive got a hoard i keep and dont touch and also another stash of btc for spending.

for me mass adoption is getting off our asses and actually getting our local stores to accept bitcoin. if we all convince atleast one shop. all shops will be convinced (there is more population than businesses)

me personally i buy groceries pay bills. im happy.
i helped many get involved in bitcoin and that included revealing the flaws not just the utopian dreams of bitcoin
(always best to be transparant of the reality rather than sound like a utopian salesman)

but i see many who want THEIR local car fuel/grocery store to accept bitcoin. but sit there waiting for code to grow legs and arms and vocal cords to get in contact with THEIR local stores.

mass adoption can only really occur if the masses help adoption.

so here's some tips:
1. if you live in a large town/city, find a good meet up location and then promote through local social groups free press that there is a bitcoin meetup happening in your area.
2. find out who within the meetup group are the main: bitcoin buyers bitcoin sellers bitcoin techy experts
that way you can start organising who people should go to you get or swap btc with. and who to approach to learn more about it
3. discuss local shops that a nice amount of people all regularly visit and would love to spend btc rgular with. this way you have an idea which shops to put most effort towards informing about bitcoin by pre-knowing and informing the shop how much business it may get regular by giving it a try

as for shop adoption.
the most simple and most non-tech/least jargon method that i seen work is as follows
1. find the meetup guy who buys btc regular who wants cash in hand trades
2. combine efforts to sort out a small reserve/bartab amount.
3. approach the store and speak with the manager about bitcoin and how you can show how easy it is to accept.
4. give him a bartab amount of fiat so the manager is not at risk (solving one objection before its raised)
5. give him a laminated QR code for the meetup buyers address for the manager to keep near the cashiers desk
6. give the manager a link to a bitcoin/fiat calculator
7shop like normal put goods into a grocery trolley and walk upto the cashier desk ask the manager to process like a normal cash transaction.
8. when the total arrives just ask the manager can you calculate the total into bitcoin please. let him calculate and tell you the amount. you scan the QR code and let the manager see that payment is accepted.
9. job done paid in bitcoin successful
10. all the manager needs to do is put the cash sale total amount from the bartab reserve into the cashiers P.o.s cashdrawer

all complete
then you can leave it to the meetup buyer who got the btc to keep the resrve/tab topped up as btc keeps entering his address over time. and the manager then without jargon can accept btc.
11. inform local press a grocery store is "first in town" to accept bitcoin. so that the grocery store gets free advertising/publicity
and thats it. no pressure
the manager is then fre to learn more about it and get involved to learn the techy stuff.. or just accept the local partnership non techy way

.......
as for institutional 'mass adoption' well local people cant push companies in skyscapers to do anything. but that being said many big institutions already know of bitcoin and are moving into the ecosystem all by themselves

[Somsak-90]

I believe that there are people using it daily and it is implemented in different areas and used in different ways. There are people using it daily, as a currency for purchasing other altcoins, getting cash and vise versa. But I don't think you will find someone like that here. That kind of people doubly visit these forums. I noticed that there is a whole group of young, wealthy people that are approaching the cryptocurrencies as old investors would approach to any currently popular asset. You would be surprised with the number of niches of the industry that involve different anonymous altcoins that people are giving a shot to.

[franky1]

as for usefulness of crypto:

techy people are making (although it has flaws) a separate network for multiple coins to transact and swap around in. its not a bitcoin feature its a separate network for multiple coins to lock funds up with a trade partner or a central store and the aim is transacting faster and cheaper without using blockchains.
the network is called the lightning network(LN)
you will see many people screaming LN is a bitcoin 'solution' or a bitcoin feature. this is because the developers are playing off the bitcoin fame for sponsoring their labour via investment. and because they are testing LN using btc as the first test coin of the network.

institutions are doing something too their projects have many names but all revolve around 'hyperledger'

yes there are 2000+ currencies. and id say around 50 networks wanting to do multicoin trades. so there is alot happening that is still influx

with all that said most of these non-blockchain networks are no better than the old banking systems they are just playing off the fame by adding in buzzwords or trying to attach themselves to popular blockchains to self promote while from an average joes prospective, not offer anything really new.

now as long as a cryptocurrency remains relavant and has not just turned into a lock it up because fee's are too expensive to use on the blockchain. and while there are merchants and retailers accepting the currency. great. but if things just end up as a lock it up and use partnered(permissioned) transactions. or networks where other parties need to be online or sign just so you can move funds, for a convenience of cheap transactions. then inevitably people wont see benefit of crypto beyond speculative investment.. rather than mass utility adoption

[ATMD]

Well I think there is some truth to this "mass adoption", we are already seeing it in our daily lives, it is gaining trust at least at a much higher level than in the past.

[magneto]

Why People continue to speak about mass adoption but let me ask this question. How many of you "early adopters" are actually using any of the cryptocurriences you hold and how do you foresee a future where you use them across multiple platforms? I mean there are already 2000+ and that could easily get to 10k. So someone explain to me what you are investing in that you believe is a utility. Disclaimer: I am only here for the Knowledge

I am, actually, with buying digital goods and also selling.

I'm not sure if you are aware of the benefit that bitcoin has in terms of global transactions, compared to traditional banking or even electronic banking for that matter. For a seller, bitcoin is irreversible, which makes the risk of chargebacks completely zero. For a buyer, there are no extravagant exchange fees.

And I think that the most utility right now for bitcoin has is in some countries where currency controls are draconian, to the point that businesses can't do deals with international companies anymore, and citizens wanting to get out of their depreciating fiat (Venezuela is a good example). Bitcoin in this case can be used as a store of value, and a medium of exchange internationally. Again, I think that you're wrong in terms of bitcoin not being used for practical purposes. It is, but obviously there is still a lot of speculation, but that's how all things start out imho.

[Kotone]

ive been here since 2012. ive got a hoard i keep and dont touch and also another stash of btc for spending.

for me mass adoption is getting off our asses and actually getting our local stores to accept bitcoin. if we all convince atleast one shop. all shops will be convinced (there is more population than businesses)

me personally i buy groceries pay bills. im happy.
i helped many get involved in bitcoin and that included revealing the flaws not just the utopian dreams of bitcoin
(always best to be transparant of the reality rather than sound like a utopian salesman)

but i see many who want THEIR local car fuel/grocery store to accept bitcoin. but sit there waiting for code to grow legs and arms and vocal cords to get in contact with THEIR local stores.

mass adoption can only really occur if the masses help adoption.

so here's some tips:
1. if you live in a large town/city, find a good meet up location and then promote through local social groups free press that there is a bitcoin meetup happening in your area.
2. find out who within the meetup group are the main: bitcoin buyers bitcoin sellers bitcoin techy experts
that way you can start organising who people should go to you get or swap btc with. and who to approach to learn more about it
3. discuss local shops that a nice amount of people all regularly visit and would love to spend btc rgular with. this way you have an idea which shops to put most effort towards informing about bitcoin by pre-knowing and informing the shop how much business it may get regular by giving it a try

as for shop adoption.
the most simple and most non-tech/least jargon method that i seen work is as follows
1. find the meetup guy who buys btc regular who wants cash in hand trades
2. combine efforts to sort out a small reserve/bartab amount.
3. approach the store and speak with the manager about bitcoin and how you can show how easy it is to accept.
4. give him a bartab amount of fiat so the manager is not at risk (solving one objection before its raised)
5. give him a laminated QR code for the meetup buyers address for the manager to keep near the cashiers desk
6. give the manager a link to a bitcoin/fiat calculator
7shop like normal put goods into a grocery trolley and walk upto the cashier desk ask the manager to process like a normal cash transaction.
8. when the total arrives just ask the manager can you calculate the total into bitcoin please. let him calculate and tell you the amount. you scan the QR code and let the manager see that payment is accepted.
9. job done paid in bitcoin successful
10. all the manager needs to do is put the cash sale total amount from the bartab reserve into the cashiers P.o.s cashdrawer

all complete
then you can leave it to the meetup buyer who got the btc to keep the resrve/tab topped up as btc keeps entering his address over time. and the manager then without jargon can accept btc.
11. inform local press a grocery store is "first in town" to accept bitcoin. so that the grocery store gets free advertising/publicity
and thats it. no pressure
the manager is then fre to learn more about it and get involved to learn the techy stuff.. or just accept the local partnership non techy way

.......
as for institutional 'mass adoption' well local people cant push companies in skyscapers to do anything. but that being said many big institutions already know of bitcoin and are moving into the ecosystem all by themselves

Wow this is juice. Alot has been given already so take my money for those awesome tips and points. I think imo we should really not just promote the project but to promote the adoption in general. The real goal is that and while the project and the whole community in general are finding ways to fix their owns issues on the cons side, let's just also state the temporary solutions for that.

[davide72]

We should spend cryptocurrencies to be able to start an increasingly important use not only to deposit them in the exchange, for now we are still early adopter. You should find some simpler applications to use the coin for a mass adoption.

[squatter]

for me mass adoption is getting off our asses and actually getting our local stores to accept bitcoin. if we all convince atleast one shop. all shops will be convinced (there is more population than businesses)

Are you sure about that? Some businesses started accepting Bitcoin, only to stop accepting it later due to lack of demand. It's not just a matter of convincing businesses to accept it. There has to be real demand from consumers to use it.

Because of Bitcoin's strength as money, maybe consumer payments aren't its strongest basis for adoption, per Gresham's law.

[JPSelzer]

So far, there are really few coins that can be used in different industries. And we don't need much. I think that many of us use bitcoin to buy any other coins or purchase certain goods. Just now there are not so many areas where you can use crypto, but we will soon come to this. Soon the use of crypto will not be so problematic.

[sunsilk]

I'm not an early adopter but I have a portion of my holdings for usage such as paying off things that I needed or when I need to take some cash on hand. I also buy if I see the price go very low.

What's that "2000+"? you mean platform? what if those 2000+ already has bitcoin and all of them are holding? the ones that needed to buy are those who thinks its a reasonable price and new to bitcoin. Mass adoption is really happening and we can't deny it, though it may not satisfy you but it will soon.

[Slow death]

Why People continue to speak about mass adoption but let me ask this question. How many of you "early adopters" are actually using any of the cryptocurriences you hold and how do you foresee a future where you use them across multiple platforms?

It is necessary that governments have a very beneficial posture for bitcoin and all cryptos, it is not possible to have mass adoption without the cryptos being regulated and those regulations being beneficial regulations for cryptos. Before I had a virtual card that allowed me to buy many things, I used my bitcoins to import many things and today I can not have the virtual card because mastercard and visa do not like bitcoin. you can see cases from china, india and some other countries that your governments are taking tough measures against bitcoin, so I am of the opinion that we need to convince governments to accept cryptos

I mean there are already 2000+ and that could easily get to 10k.

It will not be easy to reach the 10,000, as I said, in order to have mass adoption we need governments to regulate cryptos

So someone explain to me what you are investing...

I am investing only in bitcoin, because many altcoins end up becoming empty promises and their price tends to fall from month to month and may never recover their value

[ratatat bangbang]

I think most people continue to speak about mass adoption because of goodness that happenes prior for today's situation. Many get high amount of profit in working hard in different activities that crypto market have. Some also do  long term investment which makes them successful.

[franky1]

for me mass adoption is getting off our asses and actually getting our local stores to accept bitcoin. if we all convince atleast one shop. all shops will be convinced (there is more population than businesses)

Are you sure about that? Some businesses started accepting Bitcoin, only to stop accepting it later due to lack of demand. It's not just a matter of convincing businesses to accept it. There has to be real demand from consumers to use it.

Because of Bitcoin's strength as money, maybe consumer payments aren't its strongest basis for adoption, per Gresham's law.

the reason is people dont want certain businesses to adopt it due to utility and need for users to buy things. but people want amazon and paypal more so to get fame and publicity of hearing media talk about amazon and mention "bitcoin"

thats why i said in my list of tips

3. discuss local shops that a nice amount of people all regularly visit and would love to spend btc regular with. this way you have an idea which shops to put most effort towards informing about bitcoin by pre-knowing and informing the shop how much business it may get regular by giving it a try

again many silly fools dont want mass adoption. they just want mass awareness. purely for speculation rather than utility..
im more interested in utility not awareness
hense why its better to grass roots it locally by getting bitcoiners of the same time to organise which grocery store they all would use given the chance and to do something about it.

then if the shop stops accepting bitcoin due to lack of utility, those locals have themselves to blame for not shopping there.
the whole point of bitcoin is to take responsibility for your own funds and to look after the network. not to wait for some central agency/group/HQ to do something.

[pixie85]

I don't care about those different platforms. I don't hold all the alt coins and i'm not planning to. I'd say that less than 10 coins in the whole crypto world have any meaning and could be interesting, the rest won't face any adoption and will be used by small groups of fanboys. We don't need a mass adoption of 1000 coins. Also, ight now when you go to a casino, you buy chips, and when you play a PC online game, you buy their currency to buy things in their world. Mass adoption of cryptocurrencies will mean that a casino chips and game currencies will be crypto tokens that you will be able to take out of the game/casino and into a wallet.

[zoeylee]

I think people continue to speak about mass adoption it because not all countries are adopting bitcoin. Utility is limited that's why they want mass adoption.

[btcluisdiki]

I believe that many people are adopting btc for the purpose of investment and not more into payment of goods and services.I think that only few are using btc for payments and that is why circulation of btc currency has not evolve fully. For as long as many people would use btc as payment system, most likely there will be a good circulation of the currency and it will be more progressive soon where it's currency value may grow further.

[Shiversnow]

I think people continue to speak about mass adoption it because not all countries are adopting bitcoin. Utility is limited that's why they want mass adoption.

Many people always speak and talk about mass adoption of cryptocurrency but still it is not adopt in all over the world. Just like what you said the bitcoin is not supported by other countries or they not adopting bitcoin but if you study the movement of adopting bitcoin some countries start to adopt and allow it and I think it is the sign that bitcoin will be implemented in all countries.

[davide72]

I think people continue to speak about mass adoption it because not all countries are adopting bitcoin. Utility is limited that's why they want mass adoption.

Many people always speak and talk about mass adoption of cryptocurrency but still it is not adopt in all over the world. Just like what you said the bitcoin is not supported by other countries or they not adopting bitcoin but if you study the movement of adopting bitcoin some countries start to adopt and allow it and I think it is the sign that bitcoin will be implemented in all countries.

I agree with john mcafee you have to create coins to be used daily not only to be left in the wallet hoping that they grow or just to be put in exchange hoping to make money, we are fare away from mass adoption.