A better way to bring about adoption of blockchain and crypto-currency

[Cjblog]

Hello everyone...
 Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

 It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this?  Which better can we drive adoption to the blockchain and crypto-currency industry...
  Your opinion matters

 Hopefully,  a lot them will go a long way in boosting the participation in these industry.

[goto22]

There can be no adoption without regulations, so that's the first step. After that, the companies need to study the blockchain and see its advantages over old tech. And then, they need to feel the need to actually start using them to stay ahead of the competition, and ensure that they won't be left behind. Many are already exploring the technology and thinking about different use cases and its potential, but I don't expect many would actually implement it without it being properly regulated. They risk too much otherwise.

[Mandoy]

There can be no adoption without regulations, so that's the first step. After that, the companies need to study the blockchain and see its advantages over old tech. And then, they need to feel the need to actually start using them to stay ahead of the competition, and ensure that they won't be left behind. Many are already exploring the technology and thinking about different use cases and its potential, but I don't expect many would actually implement it without it being properly regulated. They risk too much otherwise.

In line with your thought I am also thinking that the regulations set up by the government towards cryptocurrency is one big step towards bitcoin mainstreaming. Big industries and business centers would be awkward to adopt and accept such currency if it is not accepted by the government since this would mean high risk. If it is adopted by the government regulations and other requirements will be placed. When the government adopts such currency then big industries will no longer fear losing assets due to banning of cryptocurrency and this will drive bitcoin mainstreaming fast into the society.

[poptok1]

Demanding for regulations is like asking for raising your taxes...
Guys you scare me, how can you seriously think that some lousy, politically driven law, will change something for the better?
That's legislative utopia. Any law that will happen to crypto, will harm it one way or another. <-- and that's a period, right there
We want big corporations and industries to join this crypto-experiment? Then let's just ask for it! Demand it and vote with your cash.
"Hey you, entrepreneur, look, I have piles of cash... want some?" Post about it, talk about it, let them hear you and will happen.
Call them fusty, old-fashioned or express your condolences for being "technologically excluded", SHAME them, and it will eventually happen.

🎵We don't need no regulations
We don't need no wallets control
No dark spyware on the hard-drives
People leave them states alone
Hey!🎵

[avikz]

Hello everyone...
 Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

 It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this?  Which better can we drive adoption to the blockchain and crypto-currency industry...
  Your opinion matters

 Hopefully,  a lot them will go a long way in boosting the participation in these industry.

Regulation, regulation and regulation!

These above things can only boost bitcoin/crypto adoption in a holistic manner! No other things! I repeat, no other things can help in bitcoin adoption at the scale that regulation can do! I know a lot of people are against any type of government regulation here! But if we want to see bitcoin being adopted in the mainstream economy, then government regulation is the only way to achieve this!

Take example of Japan!

[Eugenar]

Here's my point, adoption takes place when the number of individual uses or utilizes bitcoin. If we were to force people to use bitcoin, higher and higher possibility that they will reject. But if we will make them think how valuable bitcoin is, then they will be on our side. Take for example: you own a grocery store, just put an option for another mode of payment thru bitcoin and provide discounts. Through that, customers will feel forced, but to feel curious about what bitcoin is. It takes time, but even adoption is slow, it will surely hit its goal.

[Darker45]

Hello everyone...
 Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

 It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this?  Which better can we drive adoption to the blockchain and crypto-currency industry...
  Your opinion matters

 Hopefully,  a lot them will go a long way in boosting the participation in these industry.

Regulation, regulation and regulation!

These above things can only boost bitcoin/crypto adoption in a holistic manner! No other things! I repeat, no other things can help in bitcoin adoption at the scale that regulation can do! I know a lot of people are against any type of government regulation here! But if we want to see bitcoin being adopted in the mainstream economy, then government regulation is the only way to achieve this!

Take example of Japan!

You have to qualify regulation. Regulation per se is kinda vague. Regulation will only be welcome and constructive if it is done within reasonable bounds. If not, regulation could actually mean killing the very essence or soul of Bitcoin/crypto and that to me is already bordering repression. Instead of mainstreaming Bitcoin/crypto adoption it could only push Bitcoin/crypto back to the underground and foment its revolutionary spirit against these regulating bodies.

It is also possible that beyond regulation is mainstream adoption. If Bitcoin/crypto is widely used, regulation will necessarily follow because a large portion of the populace is already using it as their currency. However, before hitting mainstream adoption certain developments will have to be installed first. Everything is like a domino effect now. 

[lobat999]

Hello everyone...
 Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

 It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this?  Which better can we drive adoption to the blockchain and crypto-currency industry...
  Your opinion matters

 Hopefully,  a lot them will go a long way in boosting the participation in these industry.

Regulation, regulation and regulation!

These above things can only boost bitcoin/crypto adoption in a holistic manner! No other things! I repeat, no other things can help in bitcoin adoption at the scale that regulation can do! I know a lot of people are against any type of government regulation here! But if we want to see bitcoin being adopted in the mainstream economy, then government regulation is the only way to achieve this!

Take example of Japan!

I am more inclined to believe on this idea since once Governments formally recognizes blockchain technology and cryptocurrencies, I suppose there will be some form or type of regulations that will be imposed and I guess that would be okay for most people and in one way or another, will hasten general crypto adoption.

Even Japanese firms are entering into a consortium to create regulations for security tokens, thus formally recognizes the need to do so and in accordance with regulatory compliance on Japanese laws and regulations. Imagine once this regulatory framework is established, I think more companies would be willing to digitized / tokenize their securities without fear of Government interventions thus creating mass adoption across securities market.

[minersday]

What is your take on this?  Which better can we drive adoption to the blockchain and crypto-currency industry...
 

Ignorance is the key reason why adoption of cryptocurrency into the mainstream financial ecosystem is slow.
People don't not really know and understand how cryptocurrency can transform the way people make transactions and also provide them with financial freedom. Once the world gains understanding regarding cryptocurrency, adoption will take place smoothly..
Blockchain on the other hand is massively used by the centralized institutions recording and keeping info. They accept blockchain technology as a public ledger but finds it difficult to accept it as a platform for decentralization of the financial  ecosystem.   

[Kakmakr]

Your thread topic does not speak to the content of your thread, because it looks like you should have given the "better" options to speed up adoption, but then you ask how this can be done from the forum members. 

In any way, adoption will increase when governments accept Bitcoin as a currency and until that happens most merchants will be hesitant to accept it as a payment option. People already in the Bitcoin scene should also actively spread the word about Bitcoin on social media platforms to create awareness. 

[Wexnident]

Hello everyone...
 Seeing as the Blockchain industry and crypto-currency market are still running low on adoption.

 It prompted me to create this, as an Avenue to share our thoughts about how maximum adoption could be achieved in these industries.

What is your take on this?  Which better can we drive adoption to the blockchain and crypto-currency industry...
  Your opinion matters

 Hopefully,  a lot them will go a long way in boosting the participation in these industry.

Government participation. Really, the only reason why companies are afraid to adopt crypto is cause the government hasn't really accepted its existence as an independent variable in the market. Of course, accepting its existence and regulating itbare two different things. The government should adopt not to control but to become one of crypto and blockchain users. Government in normal situations would consider them being the higherups or those with power. But when they enter the crypto world, they would be equal to us users no matter how much their influence can reach to be.

[mohdk52]

It's hard to say what would be the best way to adopt blockchain and cryptocurrencies. Only testing different ways will give us the answer

[dessyhodin97]

it all starts from our various surroundings.spreading the word to those around us will be the fastest way to achieve more adoption

[jostorres]

This is a new system, and adoption will be a gradual process, and the first approach is for more awareness to be created first, and for more people to be trained on the application of blockchain, because one thing is for people to pick interest In adopting it, another thing is to get blockchain developer.

I have realized that in my country, we have very few Blockchain developers, there are so many organizations that have invited  experts to give solution to one problem or the other, but because those people also lack the knowledge about blockchain, they will not be able to advise Blockchain technology as solution, and any of the organization that is aware of blockchain will have to hire an expert overseas which will make it more expensive to run, so I think there is need for more people to be educated on it first.

[Eclipse26]

There are a lot of bigger factors that can help in achieving blockchain and cryptoccurency adoption. But we just don't wait for big and influential people to make action for the adoption. In order for us to achieve it, is to make everyone work for it. We as an individual may be small and weak but if we function all together, we can achieve it.

Just like what I have said, we just don't depend on the action of big people, we can also help in achieving adoption by just introducing it to people around you. It looks like it doesn't help at all, but if you're going to add everyone's acquaintance whom they have introduced crypto, then it'll be a big factor.

[Upgate]

Cryptocurrency would start getting better adaptation when we start explaiing to others the other uses and functions of cryptocurrency other than just being a means of making extra money

[kryptqnick]

Regulation as a major factor of adoption was already mentioned, but I don't think it's the game-changer here. Especially if regulations are strict, it can even have an opposite effect and draw people away from using Bitcoin. As for other things that can help with adoption, I think we should not underestimate the role of popular culture. I noticed that Bitcoin gets mentioned in mainstream TV series more and more often. Such mentions in movies and TV series, in fiction literature and depiction in contemporary art, Bitcoin as a part of board games and some Bitcoin-related quizzes - all of this makes people hear the word more, and when you hear it for the 5th time you might get interested in trying it out.

[electronicash]

scam can spread the word for adoption too. they will start to use BTC if more people are getting scammed in paypal, they will start looking for alternative once they got a negative balance to it. merchants need to be scammed that would be a solution for them to start accepting btc. adoption is gradually happening but there is a price to pay for adoption such as that KYC and then tax, its just part of it so there is no escape to that.

[Lucas*]

For sure banks think about the adoption of blockchain technology in their system and they already collect a lot of study about blockchain technology in banking and how it works, so it can help banks in transparency of informations and the rapidity of transactions and the security of transactions.. Also it can help as to buy and sell any thing from the internet and to buy and sell stocks and many other thing.

[qiman]

My Wife is a huge Blockchain enthusiast, but she often tells me the treatment of women in this Cryptocurrency and Blockchain space is abysmal at best and that there should be a way to bring in more ladies into this niche if the majority of people involved, mostly Men, would behave better. Women love to shop and spend /save their disposable income, so they would make good spenders of Bitcoin and also good Hodlers, which would increase the Market Cap potentially to more than double we are at right now. So facilitating the entry of women into the world of Blockchain and make it more welcoming for them, would increase adoption much fold. It is the responsibility of menfolk to educate and assist their women and try to bring them into the fold, by perhaps opening a Bitcoin wallet first and giving them a gift in Bitcoin? Although with myself, it happened the opposite way, my Wife introduced me to to the Blockchain..