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Author Topic: How adoption will happen  (Read 12685 times)
chaoscoinz
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April 20, 2019, 12:36:02 AM
 #61

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
I think that in order for a mass adoption to happen for cryptocurrencies, there will need to first be a mass adaptation by parliament and or governmental bodies.
    As of right now, even though crypto is becoming wildly popular, it still hasn't gained enough momentum to reach the regular Joe, you know, the average citizen who may not exactly be technically inclined, like grandma, grandpa or children.
  The user interface for most crypto related things aren't necessarily "user friendly".

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April 20, 2019, 01:21:05 AM
 #62

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

Adoption happen started in online store or merchant. If want adoptin in offline merchant, need government regulation and i think its need more time. Its more easier for online merchant to receive crypto and i am believe this will happen in near future

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April 20, 2019, 01:29:25 AM
 #63

What regulation that you mean? Because almost all countries has been regulating bitcoin although there are a countries which ban bitcoin, there are a countries who neutral to bitcoin and there are a countries who accept bitcoin and manage/set bitcoin to use anything such as payment system, trading place or investment place. So, the regulation to bitcoin has been done by all countries. And we can see the point view of them to bitcoin and I assume for the countries who has been developed they tend to use bitcoin and set bitcoin. But for the developing countries they tend to ban bitcoin or they tend to neutral to bitcoin which mean they still find a good solutions to regulate it.

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April 20, 2019, 01:48:26 AM
 #64

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

Adoption happen started in online store or merchant. If want adoptin in offline merchant, need government regulation and i think its need more time. Its more easier for online merchant to receive crypto and i am believe this will happen in near future
It will happen soon because many governments already think about crypto and once they approved crypto as an alternative currency for payment methods, we will see crypto will grow, and the adoption will start fast.
Right now, we see adoption is already happening in any country. Many people now realize that crypto can be a solution for the payment transaction and they see that the crypto can give a new way to make money too.
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April 20, 2019, 03:28:06 AM
 #65

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
The country which is crypto friendly where the adoption will happen much faster  so it will happen with no matter of economical status of that country.There are some poor countries like Phillipines which supports cryptos already and also like Japan and Singapore supports cryptos as well both countries are different in economical status but the growth of crypto happens.

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April 20, 2019, 04:11:38 AM
 #66

IMO, it will going to start in the USA with ETF and SEC approval.
As the USA started to totally adopt bitcoin for real and we all know that the USA is the most powerful country around the world then probably other countries will going to follow and also adopt this kind of technology. Nothing is impossible if one country will prove how amazing this cryptocurrency is.
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April 20, 2019, 05:57:35 AM
 #67

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
The country which is crypto friendly where the adoption will happen much faster  so it will happen with no matter of economical status of that country.There are some poor countries like Phillipines which supports cryptos already and also like Japan and Singapore supports cryptos as well both countries are different in economical status but the growth of crypto happens.
Japan and Singapore already enjoying the benefits of this system, catering and supporting the chain, I also read somewhere that Thailand also
join in and accept bitcoin transactions, things will happen we don't need to rush things up as long as we are witnessing progress and more people's
interest, this coming generations will enjoy what this industry has to offer.

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April 20, 2019, 06:43:56 AM
 #68

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

I believe the mass adoption of crypto in poor countries would be difficult in the present situation, as a large portion of the population don't have access to computer or internet. The rich countries have to take the initiative first, they can help the other poor countries to adopt it.
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April 20, 2019, 06:44:48 AM
 #69

Well, personally I don't think there is one cut and dry answer to this. I know for a fact that technologically, blockchain is advancing in all areas, just like AI and VR. So that alone will bring the tech to everyone, even if they actually don't realize it. It will be more subtle than say the Internet is. On the other hand, cryptocurrency will be more widely used all over the World for a variety of reasons. For example. Countries like Dubai are going full throttle in supporting the Blockchain and will be the first government to run on it. They are also going to make their electronic dirham and now you can buy houses and properties in Dubai with Bitcoin as if they were hotcakes. In other countries, like emerging African States, the mobile technology will kickstart there the use of crypto, due to new infrastructure being rolled out on the mobile app level. In more developed countries, you will see legislation being rolled out to allow big capital to enter the crypto market first before they pimp it to the Masses.


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April 20, 2019, 07:03:54 AM
 #70

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
The country which is crypto friendly where the adoption will happen much faster  so it will happen with no matter of economical status of that country.There are some poor countries like Phillipines which supports cryptos already and also like Japan and Singapore supports cryptos as well both countries are different in economical status but the growth of crypto happens.
Japan and Singapore already enjoying the benefits of this system, catering and supporting the chain, I also read somewhere that Thailand also
join in and accept bitcoin transactions, things will happen we don't need to rush things up as long as we are witnessing progress and more people's
interest, this coming generations will enjoy what this industry has to offer.
Indeed, most advance country already accept crypto as payment and recognize crypto as investment or digital asset. I am believe in near future, more country will follow this step because government must be need more tax income. Its about technology and i think government can not prohibit or ban technology

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April 20, 2019, 07:09:30 AM
 #71

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
The country which is crypto friendly where the adoption will happen much faster  so it will happen with no matter of economical status of that country.There are some poor countries like Phillipines which supports cryptos already and also like Japan and Singapore supports cryptos as well both countries are different in economical status but the growth of crypto happens.

i think asia will be center of blockchain technology, thailand use for election, japan use for payment and china processor, korea use bitcoin for crowdfunding like binancec coin etc.
i dont think bitcoin ETF will be good for blockchain comuntiy, we need distributed, we need real decentralization.
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April 20, 2019, 08:05:35 AM
 #72

I honestly believed that adoption is increasing is something that is only doable in bulk and not slowly. Just to give an example japan allowed one of the prepaid card operators to be filled with bitcoin and that prepaid card was used in 260+ thousand places in all of japan, that means all of a sudden the adoption increased.

If you are looking for adoption to happen store by store than you are going to wait a lot but if we can manage to do what japan did in USA and UK and many more bigger countries like that and allow some sort of way that people could spend bitcoin even if receiver just receives fiat for it than we can increase the adoption by tenfold overnight. All we need is a system where people could fill their wallets with bitcoin and spend anywhere they want.

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April 20, 2019, 04:13:14 PM
 #73

It can happen from poor countries as they haven't digital economy so its impossible poor people start to buy bitcoin and adoption so it  will sart from countries like USA and others and ofc regulators must accept them as a currency or anything else someday gov. will start to discuss this and there is no way.
Crypto currency was created by using advances in time and of course it was to meet the development of the times in the economic field and of course as time and technology developed developing countries will adopt an economic system that is used crypto currency
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April 20, 2019, 06:47:42 PM
 #74

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
especially in this type of situation will be suitable for a mass production because when the situation of and currency was reduced erection will be happened and I think it will be happening suddenly without any expectation.
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April 20, 2019, 10:42:09 PM
 #75

the bitcoin will always be useful, I see that many citizens of venezuela have made valuable reserves to live, now I do not know on what other occasions bitcoin can help! I believe there are many!
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April 20, 2019, 10:47:59 PM
 #76

I think that the process will not happen immediately in one day. This is a very long and phased process. Cryptocurrency will slowly come into our lives.

Indeed  . adopting crypto is a long process because it needs government permission , they will need some time to think or to decide if they will accept the use of cryptos or not because cryptos is just risky since it is decentralized and not fully controllable  . fraudster may use it to do thier shady doings  .  this what the governments are concern . they know the usefulness of crypto but they also know the darkside of using a crypto  .
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April 21, 2019, 01:24:30 AM
 #77

Adaption will not happen overnight it will going through a lot of struggles but no one can stop it. It will be unstoppable. Those countries that doesn't have regulation or having crisis with assets and investment will switch into cryptocurrency for sure.
That will gonna happen after they start learning and understanding the potential of this market, as people will realize the possible valuations of crypto
after they manage to have interest with the chain, adoptions will follow for sure as many government institutions who's not that close minded for new
innovations will start catering crypto.

We need to be positive and wait for what the future will bring us, keep in mind that whenever system do exist it will keep on trying to be well adopted.
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April 21, 2019, 02:13:25 AM
 #78

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
it will take place when the SEC or ETF approves bitcoin. when the ETF accepted the BTC, they certainly had a plan and solution to manage the amount of transactions and to avoid whales manipulating prices.
The SEC will also have easier control.

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April 21, 2019, 02:20:28 AM
 #79

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.
It's depend on many things such as infrastructures, government policy, geography of the country, even demographic condition is matter. The adoption will be easier to start if the country has good infrastructures to support the use of bitcoin, even it's not will be happen without permit from the government, country like Africa is good for bitcoin because it's geographical condition made it difficult to build many bank building so it is good for them to use bitcoin, most of bitcoin will be used by young people if the country has so many young people then the adoption will be faster rather than country which has a little amount of young people.
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April 21, 2019, 08:40:43 AM
 #80

from what i understand adoption means when someone are gaining interest on crypto . for example joe is not a crypto enthusiast before but he sudenly change his mind . he now buys a crypto  . that is adoption and that can happen every day  .  small or large  , 1 person or group of people all of them are consider as an adoption if they will join the movement  .
Yes, adoption takes place every day but we need to do more so that there can be a large scale of adoption, we don’t need one or two persons daily, we are so much in population that we really need to have massive adoption done on a daily basis. Massive adoption is what can make cryptocurrency quickly become very popular worldwide and I think this can only happen when big countries like USA pronounce its support for it first, if big countries don’t pronounce their support, all we might still be getting are these little adoptions.
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