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Author Topic: How adoption will happen  (Read 12683 times)
Bustart
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April 27, 2019, 12:11:44 PM
 #141

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 is usually start with wealthy nations because they have the money and the available technologies. Most people and leaders in the wealthy countries are open minded than their counterparts in the poor countries. Proper knowledge in using cryptocurrencies is still the best way to increase the awareness of people in cryptocurrencies and this will speed up the adoption. A country that is open to this kind of technology wll surely experience a mass adoption in the years to come.
Bitcoin is a breakthrough and has become a wild success. However, there can be number of factors that are considered barriers to adoption. Some of the many to mention are price volatility, acceptance of Bitcoin , understanding of Bitcoin and restrictions on the use of Bitcoin. On the other hand, I still believe that there are potential aspects that drive Bitcoin adoption. Education is important to the extent that a developing community can support and grow Bitcoin. Store of value assigned Bitcoin’s reliability and can only achieve wide appeal if Bitcoin volatility remains extremely low. Peer-to-peer trade is also an important use case of Bitcoin in terms of adoption and utility, an exchange which two or more parties can trade without a direct intermediary.



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April 27, 2019, 12:18:26 PM
 #142

It will adopted by the people from anywhere,well developed countries may have better educational system so people will understand about blockchain technology lot easier and faster so they will come to invest on it sooner.

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April 28, 2019, 06:57:41 AM
 #143

Bitcoin mass adoption, contrary to popular belief, will not occur by “educating” the public, Instead, this transition will happen naturally as young generations become increasingly familiar and confident in the technology, Africa is tipped to take the lead on natural adoption of bitcoin because it is bitcoin free zone.
Well, education is also part of it, there are so many factors that needs to be combined to create a speedy adoption, yes, as new generations keep getting used to it, the technology will keep growing, but mass adoption can still be achieved in this generation too.

we still have lots of intelligent people that would understand the technique behind blockchain technology, which they need to use and develop it to some extent till they leave it as legacy for the next generation, so we cannot completely rule out this generation too from it, and the easier way to fully adopt it now is for government to generally put interest in it.
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April 28, 2019, 07:28:28 AM
 #144

It will adopted by the people from anywhere,

not anywhere because not all countries accept cryptos but there is still no assurance that a country that accepts cryptos will be adopted by the people living on it because not all have the guts and the knowledge to buy and embrace cryptos   .

well developed countries may have better educational system so people will understand about blockchain technology lot easier and faster so they will come to invest on it sooner.

not really  . no matter how the country is developed or no matter how thier knowledgeable thier people are but if the people dont have interest on cryptos  . they still wont take the time to learn cryptos
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April 28, 2019, 08:01:10 AM
 #145

In my oppinion, general and global adoption will come once governments adopt it and tell people that they have to use it...
until then, adoption will keep rising but it will always be an "alternative" form of money used by some... unfortunately I really doubt that general people will embrace something different unless they have to...
it is called resistance to change (we all have it)... this resistance is natural and undoutebly will be rock solid when it comes to money

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April 28, 2019, 01:01:54 PM
 #146

I think mostly will from poor countries that have big debt or their fiat is always getting high inflation so that their fiat is not really valuable. Country with a big power would just regulate crypto operation because the govt thinks their fiat is mre avluable than cryptocurrency. My two cents!

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April 28, 2019, 05:21:32 PM
 #147

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.

All the reasons you mentioned above are all equally strong. The dictator does have absolute power to implement a decree. And if Bitcoin is legalized and used there, then all of its followers will use bitcoin because it is allowed.
No exception with the SEC and ETF, this is also the same where many of the various individuals from around the world look forward to the SEC's decision regarding Bitcoin and crypto ETFs, the decision will later become the basis of regulations and how to play. And this will later cause an explosion of adoption and use.

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April 30, 2019, 07:33:57 PM
 #148

It will adopted by the people from anywhere,well developed countries may have better educational system so people will understand about blockchain technology lot easier and faster so they will come to invest on it sooner.

And the guys, who live in the countries with the poorest economy will need to pass a long way to adopt Bitcoin. Actually, they have not yet solved the simplest problems yet to start using crypto.
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