Bitcoin Mass Sensitization is Still Key to Adoption

[olumyd]

Came across this news about Bitcoin and Friends, and it got me thinking on the best ways to communicate the ideals of a decentralized system. I mean, media is flooded with the subject on Bitcoin and altcoins, yet the only thing that stands between crypto and mass adoption seemingly is the 'regulatory infrastructure,' and don't get me started on why the government needs to be involved in Bitcoin since it's decentralized. Meanwhile, a vast majority of the world's population have no idea what crypto is all about.

Quoting Brian Stoeckert: "People have heard about digital currency, but they really don't understand how it operates. They just see it on the headlines. This is one way they can follow a storyline and get a unique perspective on it." At least with more TV Shows mentioning Bitcoin, Crypto, digital currency or anything of the sort, which in itself is an innovative way of reaching the couch audience for starters.

Still, I'm confident the only way around mass adoption is if everyone - literally, knows about bitcoin and DYOR for themselves, then they won't need the government to tell them whether or not its right to hodl some bitcoins. Moreover, IMO fiat is outdated, come on, with all the latest technologies and the height of promises of the emerging ones, why do we still need to wager our economy on rudimentary paper money printed and controlled by the FEDS?

[jerrison]

the sensitisation currently ongoing in the space has given so much help in the massive adoption of the whole project as people consider the knowledge first before adoption. as nobody enjoys getting involved in what they have little or no idea about. I am also in the business of sensitising people to help grow the community and also wide adoption

[MakeMoneyBtc]

The idea with a TV show about bitcoin and cryptocurrencies is good but the problem is how do you promote that show in order to get people to watch it? Because making a simple show where people come and talk different things related to cryptocurrencies will not attract people attention since they wouldn't understand anything and it would be too boring. People want someone that's entertaining and in the same time helpful for their knowledge and that's exactly the kind of TV show about bitcoin we need.

[tunapa]

I feel it could help but not really what will make adoption come quick. It’s more than just sentizing people . If major top nations or giant firm adopts bitcoin or any cryptocurrency , people will definitely flow along with it without prior knowledge of it.

[MakeMoneyBtc]

I feel it could help but not really what will make adoption come quick. It’s more than just sentizing people . If major top nations or giant firm adopts bitcoin or any cryptocurrency , people will definitely flow along with it without prior knowledge of it.

And why exactly would people flow along with a giant firm that adopts bitcoin? They could still use fiat to pay for goods and services so they have no reason to switch that to bitcoin as long as they don't have any advantages for doing that. Of course they will get the advantage of using blockchain technology wich helps them eith faster and safer transactions but that's still not going to convince people to use bitcoin instead of fiat since using fist is more convenient for them.

[dothebeats]

Sensitization of the masses is definitely needed if we want mass adoption to happen, and it's no overnight task, too. Firms and individuals have been stimulating the minds of the masses regarding bitcoin for the longest of time, and somehow the notion that cryptocurrenciea are bad have waned over time, thanks to multiple news that somehow changed the minds of the public for the positive. We need regulations, but that does not end there. The channels are not limited to just legalizing bitcoin on governments but to also use it on greater things that it was intended to be e.g. payments and such.

[pooya87]

~ the only thing that stands between crypto and mass adoption seemingly is the 'regulatory infrastructure,' ~

i strongly disagree.
i can think of at least half a dozen other reasons why bitcoin is not yet mass adopted that have nothing to do with regulations at all.
start from yourself. when was the last time you "spent" bitcoin if ever? why aren't you doing that? and that simply is one of the biggest reasons why!
the volatility and the "hope for big profit" has made people only consider bitcoin as investment for the time being. and also the same volatility (the big drops for example) has driven a lot of people away from adopting bitcoin. none of these have anything to do with regulations but they are the main reason why a supermarket for example doesn't accept bitcoin as payment.

[eaLiTy]

Still, I'm confident the only way around mass adoption is if everyone - literally, knows about bitcoin and DYOR for themselves, then they won't need the government to tell them whether or not its right to hodl some bitcoins. Moreover, IMO fiat is outdated, come on, with all the latest technologies and the height of promises of the emerging ones, why do we still need to wager our economy on rudimentary paper money printed and controlled by the FEDS?

The government will not literally do anything to help anyone to earn profit, the regulation is to monitor the flow of money and to have a firm grip on the citizens on how the money is spent and nothing else, you cannot fiat outdated even at this juncture as you need the help of the banking system to send money to exchanges to purchase bitcoin or any other coin, so it is a double edged sword. Bitcoin adoption will happen eventually and that does not mean that everyone must start using it, if major e commerce sites starts accepting bitcoin then you will see mass adoption.

[alisafidel58]

I don't think the mass majority will ever understand how it works. The mass majority of people don't want to know how things work they just want to use them.

True, Most bitcoin user only wants to know the basic and how crypto works from sending and receiving.


Saw that video on youtube and its a great way to introduce bitcoin to people who still don't know what bitcoin is. I like how the video started from satoshi leaving bitcoin in a bed then bitcoin start to roam around the US when there was a financial crisis.

[r1a2y3m4]

The idea with a TV show about bitcoin and cryptocurrencies is good but the problem is how do you promote that show in order to get people to watch it?

Maybe put that TV show in a known network so that many people will watch that.

Because making a simple show where people come and talk different things related to cryptocurrencies will not attract people attention since they wouldn't understand anything and it would be too boring.

I think you're jumping to conclusion but not understanding the whole process itself. Before watching a TV show, you don't know anything at the story right? So, to understand fully, you need to watch it from the very beginning.

People want someone that's entertaining and in the same time helpful for their knowledge and that's exactly the kind of TV show about bitcoin we need.

It will help them to gain knowledge. I don't know about you but I found bitcoin entertaining. And humans do entertain when talks of money is the topic.

[Bitinity]

The idea with a TV show about bitcoin and cryptocurrencies is good but the problem is how do you promote that show in order to get people to watch it?

Maybe put that TV show in a known network so that many people will watch that.

Put the TV shows in a popular network does not guarantee that many people will watch it. To watch something is related to interest, if many people do not interested about what will be shown on the TV then they wont watch it.
Mass adoption of bitcoin is not that simple, but TV shows about bitcoin can be a good start. I would say that advertising in TV would be better to introduce it instead of TV shows. The more advertisement about bitcoin will make people aware about it and make them curious to know about it more.

[pawanjain]

I don't think the mass majority will ever understand how it works. The mass majority of people don't want to know how things work they just want to use them.

I kind of agree with this because I think that even if the people get to understand what bitcoin is and how to use it, many of them will fall for greed and trade in the volatile market instead of using it for general purpose. Actually it's already happening now since most of the people here are just for the money. I have hardly seen few people who believe in bitcoin.

Secondly, most of the people in the world are still unaware of bitcoin because of their illiteracy. There are many who still don't know to operate a computer and so it's hard to expect that wide adoption will take place any time soon.

[Haunebu]

I feel it could help but not really what will make adoption come quick. It’s more than just sentizing people . If major top nations or giant firm adopts bitcoin or any cryptocurrency , people will definitely flow along with it without prior knowledge of it.

And why exactly would people flow along with a giant firm that adopts bitcoin? They could still use fiat to pay for goods and services so they have no reason to switch that to bitcoin as long as they don't have any advantages for doing that. Of course they will get the advantage of using blockchain technology wich helps them eith faster and safer transactions but that's still not going to convince people to use bitcoin instead of fiat since using fist is more convenient for them.

Make a show like South Park based on cryptocurrencies and observe the market rally like crazy. The thing is that most people would not want to risk making such a show, but if someone actually develops a show like that successfully, I don't see why the masses wouldn't get attracted.

[Pursuer]

people only "hear" the word bitcoin and maybe even the term cryptocurrency in passing but it mostly occurs when bitcoin price is either rising fast or falling fast. other times there is not that much mention of it in the media so they don't "hear about it" anymore.
not to mention that this "hearing about" is only about the price and its rise and fall in a fast way. most of the times with a lot of FUD so it is understandable why bitcoin has not yet reached mass adoption stage.

[tomahawk9]

I mean, media is flooded with the subject on Bitcoin and altcoins, yet the only thing that stands between crypto and mass adoption seemingly is the 'regulatory infrastructure,'

So, according to you, once there's a regulatory framework in place, people will start jumping into the Bitcoin bandwagon? That's not gonna happen, if anything 'regulations' will further encourage investors and whatnot to start pouring smart money onto the crypto space by buying/investing in cryptos, but the masses? They don't care about regulations as much as you think, as soon as a big retailer like Amazon starts accepting bitcoin as payment, you can be sure that this wiill draw more attention from the general public than some regulations.

Moreover, IMO fiat is outdated, come on, with all the latest technologies and the height of promises of the emerging ones, why do we still need to wager our economy on rudimentary paper money printed and controlled by the FEDS?

In the near future, people will stop using paper money, that's a fact, but as long as they keep using a centralized system, they'll never be free from the govt (or the feds, whatever you wanna call it).

[olumyd]

when was the last time you "spent" bitcoin if ever? why aren't you doing that? and that simply is one of the biggest reasons why!

I spend bitcoin almost every day (last time was probably last week tho) - either to purchase something where bitcoin is accepted, currency trading or investing in some shitcoin. So I don't think I'm a part of the problem if anything I'm contributing to the fluidity of the ecosystem.

the volatility and the "hope for big profit" has made people only consider bitcoin as investment for the time being.

That's only logically because early adopters of the coin have made profits, whether they bought while it was cheap or mined when the difficulty was still considerably lower, and as a digital asset in the decentralized niche, it's proven to be quite the durable investment vehicle. And by the way, everything is volatile the only difference is the rate.

none of these have anything to do with regulations

I quite disagree here, we can correlate more frequent fluctuations in price dynamics with when jurisdictions began to spread their opinions about the digital ecosystem. Besides, with the tangible prospects of the derivative digital markets, regulatory infrastructures weigh in heavily. And truth be told, the moment the US says Bitcoin is legal, trust me, we'll achieve hard cap.

reason why a supermarket for example doesn't accept bitcoin as payment

Volatility may play a role in reserved positions of retail business adoption, but still, that's because they'd prefer to store their savings and profits in gold, bonds or some regulated stock because they are 'regulated.' Notwithstanding, the true culprit here is ignorance.

[GreatArkansas]

Still, I'm confident the only way around mass adoption is if everyone - literally, knows about bitcoin and DYOR for themselves, then they won't need the government to tell them whether or not its right to hodl some bitcoins.?

This is the main problem of people for its country, they are more dependent on their own government which their government is playing them around. I know that the government is really a big hater of Bitcoin or cryptocurrency because their fiat will be overtaken once the mass adoption comes. People should DYOR and start learning new things or technologies, new generation and more technologies will come.

[Beerwizzard]

a vast majority of the world's population have no idea what crypto is all about.

Not anymore. Already in 2017 every media has been talking about cryptocurrencies and people focused their attention on it. Unfortunately as we see most people don't need crypto. Should we dig for information about things that we don't need? I guess not.

Quoting Brian Stoeckert: "People have heard about digital currency, but they really don't understand how it operates.

I bet that at least half of bitcoin users would not explain to you how blockchain works. Their knowledge is only based on understanding that BTC have some value and it is secure.

[Kakmakr]

I find that you can educate people all you want, but they will never get it, until something happens that highlights the restrictions and exploitive actions of their local fiat currencies and the economy that manipulates it. It took a near economic collapse for people around the world to see what impact fractional reserve Banking had on the world's economy. 

Mass adoption will happen quickly, when fiat currencies starts to fail. <Example : Zimbabwe // Venezuela> 

[BrewMaster]

a vast majority of the world's population have no idea what crypto is all about.

Not anymore. Already in 2017 every media has been talking about cryptocurrencies and people focused their attention on it. Unfortunately as we see most people don't need crypto. Should we dig for information about things that we don't need? I guess not.

people hearing about bitcoin on the news or reading it on some website like CCN where they only talk about how price has gone up fast and big and then dropped just like that, does NOT mean they have an idea what bitcoin is all about.
there is a big difference here. and we are still living in the years where people are in the dark. they either don't know what bitcoin is or think it is some pump and dump thing.