I personally believe that one of the big reasons why we have to be a part of the Bitcoin bandwagon is that this is a tool for people empowerment and that can means we are getting back the power that should have been in our hands long time ago. Now, I am not saying that Bitcoin is the be-all and end-all of all our problems but certainly this can be a start of something revolutionary.

No wonder then that many governments and central banks are uneasy on Bitcoin because they know the possible implications but for some governments who are not lead by myopic leaders and allowing Bitcoin those are the leaders who are recognizing that they are not there in the pedestal for the lifetime.

Aside from volatility, what are the biggest obstacles for Bitcoin to be adopted on a global scale?

I think bit coin is just like money. But what  is money? It is just a piece of paper. On my point of view bit coin, money and other types of property is just a listing or proof that you own something. Your bank account amount is the record that you own it. You don't have to have money if you have other proof to own something and you don't have to have bit coin if you have other proof that own this certain amount of something. All I can say is that bit coin helps to change the way of having proof of belonging or assets. It help us became more paper less than ever before. And other thing is that why bit coin empowers people. Because no country owns it. It belong to the people. But the disadvantage is that some people. do not use computer or internet. So their ways of having a asset is different to us that uses cryptocurrency and other types. I can see that bit coin now is playing an important role on the eco system of assets and property belonging in the world today. But still the traditional way of having something can't be replace.

This is something we have to admit. Humans are motivated by greed more than any principle, ideal or even faith. We want money and we usually do something because we know we can get a return of the capital, effort and time we are exerting. Same thing with Bitcoin and I must admit I also joined in here because of the prospect of gain. Well, generally speaking, there is nothing wrong with that, actually. However, just stopping on money and not exploring more on the things behind Bitcoin can be another story...at least we have to be educated on something that we are dealing with. We have to grow and widen our understanding on Bitcoin.


Bitcoin is digital as opposed to the fiat money which can be seen and can be touched therefore very tangible. Bitcoin is called as the digital gold all because of its increasing value and it is also mined. Being a digital asset, Bitcoin is introducing us into a different era of money, finances and banking...hopefully Bitcoin can be the revolution in these areas that the people can benefit from. I agree with you, Bitcoin does not have to replace the traditional fiat-based economy because that is not the goal anyway. Bitcoin should be an alternative...a very good alternative just waiting for the people to be a part of.

The biggest obstacle for bitcoin is approving from all government because bitcoin cannot grow or reach all people in this world without government approval. We still need the government so people will think that their government is admitting bitcoin, and the government can explain what bitcoin is.

After many governments, especially the government from big country approve, people will see a new revolution in the monetary and financial. The banks will also give their permission to people to have bitcoin and another cryptocurrency. Once this can happen, cryptocurrency can grow and start to reach more people. But yes, we need time before the government can realize and see the benefit of bitcoin and cryptocurrency. And that is not as easy as we turn our hands.

Exactly! But, if we will unite and we will share and show to our government the power of cryptocurrency maybe they would consider it, so far, we are thankful here in our country as our government is open for this kind of opportunity, actually we do have bank that has Bitcoin ATMs and they are adopting blockchain for their transactions.

Indeed, the idea of bitcoin Is that each person can pay another person for goods and services directly, bypassing banks. This radically changes the position of the citizen in the structure of the state. In fact, Bitcoin gives a person the privilege to dispose of their own money, and money devoid of inflation. This is a revolutionary invention, but it will take some time for people to understand the significance of this event.

Other than volatility as you've mentioned, other reasons hindering Bitcoin adoption are;
-Knowledge: The level of knowledge people have as regards to Bitcoin is very low in some places. For instance, most people still think that Bitcoin is a ponzi scheme or a bubble that will soon burst one day.
-Technology: Bitcoin requires some technical application which is lacking in most places or parts of the world, only a few who have access to and understand such technology are actually using Bitcoin.
-The government: Probably the biggest hindrance to bictoin going mainstream.

That is basically my personal story as well. When I got into Bitcoin and into this forum I have no idea about decentralization or freedom from third financial parties or whatever principle that Bitcoin is pushing forth. But as soon as I bought my first Bitcoin and altcoins, read materials about them, participated in discussions, watched videos, and so on, I realized that the most important thing about Bitcoin is not just the monetary value that we can get from it but the value which the project is promoting. And it has something to do with looking into our current fiat system and its being interwoven with our governments and the entire global financial system and how it is actually being oppressive to the common people, which comprise most of the world's population.

I'm not a hard believer in the idea. The biggest obstacles are ease of use and global integration.

Merely 2%-3% of the people in the world have enough knowledge of how to use crypto and a mere fraction of that 2%-3 % have the knowledge to do it properly (use it, secure it, store it, etc.).

On the contrary, the central bank's money, paper money/fiat are the standard. Your grandmother doesn't need to check blockchains or whatever when you give her $100, for example, right? Neither the cashier of your corner shop.

I absolutely agree with you that the power on controlling the economy is shifting to our hands. But in the end the volatility which you set apart is a real big menace. You know what that means? That means the controlling power of bitcoin is still in the hands of rich people only. This means that maybe whale or major exchanges can still alter the supply and demand therefore have drastic effect on bitcoin pricing and this is worse than being regulated by central banks because these institutions work merely for their own benefits. So I think people will only be empowered with BTC when the distribution of BTC becomes much more even than what it is today.