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Author Topic: We should answer the important questions to increase Bitcoin adoption  (Read 270 times)
wozzek23
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November 16, 2019, 05:14:09 PM
 #41

I think that it still depends on the level of development of each country and how bad the government of the country is in being transparent to their citizens and also in handling their citizen’s financial affairs. Like in my country, bitcoin system supersede any system that has been established in the area of concerned here, and every time that I use bitcoin, those listed areas is always met by bitcoin and ever since I got to start using bitcoin, my whole life has changes, and it was like I was free from a financial bondage.

The bondage of not having work to do was provide by bitcoin opportunities and also, the bondage of not being able to take money out of the country for business without paying charges that is almost more than the amount to be sent is being met also.

 
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November 17, 2019, 02:15:40 PM
 #42

I think it's incredibly hard or even impossible to simplify Bitcoin for end users without compromising its decentralization. Both banks and Bitcoin heavily rely on cryptography, but banks managed to abstract it away from users because they are centralized. With Bitcoin it's not possible, there's no "I forgot my password" button, and we have to manually select addresses because we can't have both stable identities and privacy on a public network. These and others things create room for errors, and errors in Bitcoin are often final.
We all have different ways of reasoning, and the thing is that there are some things that others sees as problem while some don’t see it as a problem, while some people care so much about the problems that arises with middlemen, some just dot pay attention to it because they are comfortable in their bondage and those are the kind of people that when something is going wrong in a country and you call them for protest, they will rather prefer to just sit down in their home with the claim that it is what they are looking for to eat that is their main priority, people forgot that whatever freedom that we seek now is the kind that will help our future generation and not just us alone, so if they don’t free themselves now from this present bondage, they might not be able to free themselves again.

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November 17, 2019, 02:43:35 PM
 #43

As an entrepreneur I always look for the challenges when I want to think about something new that would change the normal way that people are

doing things. This mindset has never changed and I am always looking for easier and more user-friendly ways of doing things. Back in the day I did

most of the boring work with complicated Dos batch files or scripts to get things done quicker. So how do we apply that mindset to Bitcoin?

The answer is simple >>> "Look for the problems in the other payment systems and solve that with Bitcoin"

~~ Is Bitcoin more convenient to use?
~~ Is Bitcoin cheaper to use and where will that solve problems?
~~ Is Bitcoin safer to use than traditional payment options? Where will it be safer to use?
~~ Is Bitcoin easy to use (How can we make it easier to use?)
~~ Is Bitcoin faster than other payment options? (Where can we apply it to solve problems with other slow payment options?)
~~ Are we using Bitcoin for the correct applications? (Trading or Currency) What should we focus on?

These are just some of the questions that we need to ask to get to a better solution for the problems with the other payment options. Can you

think of any problems and challenges that Bitcoin can solve now and how do we use Bitcoin to solve these problems now? 

Personally, I agree with you regarding identifying the problems and challenges we think Bitcoin can easily solve but the challenge regarding why people are finding it difficult to adapt to the use of Bitcoin is that the majority don't understand the whole idea of Bitcoin and the way it operates. This has brought fear in people because they have the perceptions that they can easily lose their money. Also, the volatile nature of bitcoin is making it difficult for people to adopt the use of Bitcoin for their transactions. Knowledge and understanding are the only way that can help the adoption of Bitcoin into the mainstream financial ecosystem.

 
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November 17, 2019, 04:10:44 PM
 #44



Personally, I agree with you regarding identifying the problems and challenges we think Bitcoin can easily solve but the challenge regarding why people are finding it difficult to adapt to the use of Bitcoin is that the majority don't understand the whole idea of Bitcoin and the way it operates. This has brought fear in people because they have the perceptions that they can easily lose their money. Also, the volatile nature of bitcoin is making it difficult for people to adopt the use of Bitcoin for their transactions. Knowledge and understanding are the only way that can help the adoption of Bitcoin into the mainstream financial ecosystem.


We can actually contribute and share these information to newbies by conducting seminars/blockchain events or meet ups in different places in your country, you just need to have fund in different projects, with this it helps a lot of people to reach and to ask questions regarding experts opinions and what blockchain is, the importance of it, why it has been trending for the past years, what are the disadvantages and so on, with this we are helping people as well as Bitcoin community.

 
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November 17, 2019, 11:19:23 PM
 #45



Personally, I agree with you regarding identifying the problems and challenges we think Bitcoin can easily solve but the challenge regarding why people are finding it difficult to adapt to the use of Bitcoin is that the majority don't understand the whole idea of Bitcoin and the way it operates. This has brought fear in people because they have the perceptions that they can easily lose their money. Also, the volatile nature of bitcoin is making it difficult for people to adopt the use of Bitcoin for their transactions. Knowledge and understanding are the only way that can help the adoption of Bitcoin into the mainstream financial ecosystem.


We can actually contribute and share these information to newbies by conducting seminars/blockchain events or meet ups in different places in your country, you just need to have fund in different projects, with this it helps a lot of people to reach and to ask questions regarding experts opinions and what blockchain is, the importance of it, why it has been trending for the past years, what are the disadvantages and so on, with this we are helping people as well as Bitcoin community.

aside from funds that you will need, you have to check the legality of cryptocurrency on that place. some are still hesitant to expose themselves because they are afraid what the authorities will do to their assets.
if you are just an ordinary crypto user, i think one of the best ways to contribute with crypto adoption is to help those new entrants understand crypto by explaining it to them, that is if they ask for it.




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November 17, 2019, 11:41:40 PM
 #46

That is the challenge. We must be able to answer every important question concisely, concisely, and clearly. For example, there are ordinary people around us who are enthusiastic about our explanations, because we explain Bitcoin or cryptocurrency clearly and more easily than they read articles on the internet. And because our answer is clear and the person understands, it is not impossible that they will be attracted and enter the world of crypto.

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adjed
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November 18, 2019, 01:06:20 AM
 #47

The answer is simple >>> "Look for the problems in the other payment systems and solve that with Bitcoin"

~~ Is Bitcoin more convenient to use?
~~ Is Bitcoin cheaper to use and where will that solve problems?
~~ Is Bitcoin safer to use than traditional payment options? Where will it be safer to use?
~~ Is Bitcoin easy to use (How can we make it easier to use?)
~~ Is Bitcoin faster than other payment options? (Where can we apply it to solve problems with other slow payment options?)
~~ Are we using Bitcoin for the correct applications? (Trading or Currency) What should we focus on?
While we might make it seem like that sometimes, we Bitcoin Enthusiasts are not so blind that we can't see the handwriting on the wall, Bitcoin is presently now scalable enough for worldwide adoption as a payment method because in late 2017/early 2018 when we had a influx of some few million people, the bitcoin network was so backed up that it was taking days to make transactions in some cases and the transaction fees were off the charts, this is a problem and a solution for it is being worked on and it would eventually be solved.. Hopefully. Moreover the volatility in the price of Bitcoin disqualifies it from being a valid payment method too.

 
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November 18, 2019, 02:31:19 AM
 #48


The answer is simple >>> "Look for the problems in the other payment systems and solve that with Bitcoin"
exactly mate,looking fo what others can give is the best way on how to find the best bitcoin can.
~~ Is Bitcoin more convenient to use?
if only people and government realize this?i am sure we will be in much progress now.
~~ Is Bitcoin cheaper to use and where will that solve problems?
with many option?yeah Bitcoin is much cheaper than other for of payments ever exist.
~~ Is Bitcoin safer to use than traditional payment options? Where will it be safer to use?
as we have anonymous privacy?yes it is.

think of any problems and challenges that Bitcoin can solve now and how do we use Bitcoin to solve these problems now? 
those answered is more than enough to prove that Bitcoin is the most competitive and reliable and advantageous than all of the existing payment method our world ever has now.

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November 18, 2019, 06:13:52 AM
 #49

Let bitcoin grow and develop as it is, and I am sure with the growing popularity bitcoin will realize the use and function of bitcoin is very good for them and gradually everyone will be interested to be involved in it.
and the growth of bitcoin is developing because of advances in technology and digital currencies, especially bitcoin which has been popularized through news, advertisements, and dissemination on social media or other and in addition more and more people who use it have become successful and their lives have changed for the better and it will make them curious and want to know more about bitcoin from the good and bad sides that will be faced.

 
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November 18, 2019, 08:21:53 AM
 #50

To be honest, this has nothing to do at all with the bitcoin adaption, these questions you have mentioned are answerable via google and bitcoin mass adaption is dependent on the majority of the world's population, and Government will be the key to all of that, but the bitcoin mass adaption seems to be a bit imposible to happen in the next following years because Governments are leading people to misunderstanding about cryptocurrency by feeding them false information about it.
Yes this really cannot affect the bitcoin adaptation. This will be contributory but it not yet the main reason why. Government should be informed that bitcoin can be a multi purpose currency that can be use in different ways. Global adaptation needs a worldwide acceptance of every banks and countrkes all over the world.

 
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November 19, 2019, 08:13:32 AM
 #51

I suppose that it is not possible to give a comprehensive answer to your question which can cover all aspects of using bitcoin, its benefits and weaknesses. Even though it is possible to make a comprehensive research concerning this subject but I guess that there is no a person who can comprehend everything so deeply and clearly. To my mind bitcoin has some benefits which were discussed many times on the forum and I consider that bitcoin is being used by lots of people unless something new, progressive and useful will be invented.

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