Slow adoption and decentralized nature of bitcoin

[k@suy]

It's quite a paradox, really. If you want to get bitcoin adopted by a lot of people real fast, you have to dumb down almost all of the core knowledge that one needs to possess in order for almost everyone to catch up. However, this will lead to a lot of entities that will try to create centralized services for bitcoin even though it isn't necessarily required, because of people wanting things to be easy for them and not really doing the hassle themselves.

Though of course one doesn't really need to know the depths and breadth of bitcoin; they simply need to know a few things and they're good to go. Then again, we live in a generation when most people want everything to be spoon-fed without having to move a muscle, so you have to adjust to that unfortunately.

I still believe that in time, bitcoin will be widespread without having to sacrifice its decentralized nature, and people will learn how to appreciate the underlying genius within the said cryptocurrency and take the effort to learn the ropes of it, even just the basic, necessary ones.

I believe the same which is why I am fine with a slow adoption as long as the people that are entering the market understand the reason why bitcoin exist and are not deceived to accept services they do not really need, however this brings us to the main problem, how can bitcoin gain widespread adoption?

And for the most part I have always thought that in order for people to fully understand why we need a form of money that is separated of the state and banks is to have a financial crisis that is really severe, people say the crisis we are in is bigger than the great depression but that is ridiculous, there has been nothing like it in recent history but if something similar were to happen then we could finally get people to understand why they need bitcoin and they need to hold it on their own wallets.

Success is a step by step process. It is natural for us to face hardships most especially in the beginning of our journey. So if Bitcoin is not yet fully adapted by the whole world that's okay because who knows maybe tomorrow or in the next morning bitcoin will be our future currency. What we should do is to help the crypto world on promoting the crypto currency to others in order for us to be successful with our goal which is to mass adapt the bitcoin by the whole world.

[verita1]

Should we promote simplicity and avoid complexity?

It is the fastest way for Bitcoin to be accepted by more people and if we want to reach mass adoption first.
I keep this thought because what I have learned about Bitcoin I did on my own and chose the easiest method. Because I couldn't waste a lot of time watching or reading tutorials. I needed to get started and adapt quickly to managing my funds with Bitcoin and crypto.

My priority was to do it safely, avoid making a mistake and continue learning. I chose a mobile crypto wallet and now from my phone I do everything, including participating in this forum that does not have responsive web design but has a simple design that allows me to interact on it from my phone very well.

[Shasha80]

It is very important that people know how Bitcoin works, this can make Bitcoin adoption faster. Because by knowing
how Bitcoin works, can increase trust in Bitcoin. If the amount of people's trust in Bitcoin increases, of course it will
be easier for Bitcoin to be accepted globally by everyone.

[CryptopreneurBrainboss]

If we truely needs this adoption we speak about then bitcoin needs to up its gàmes. Firstly before I can send fund using the bitcoin blockchain I'll have to memories or copy and paste some alphanumerical codes as my sending address. You don't expect that to compete with just using of bare words or number like how the fiat does. We need bitcoin address in the form of username that any one can easily remember, that alone will push for more individuals to buy into the idea of using bitcoin.

Also we still have to understand that for any individual to be able to used bitcoin, he/she has to know how to operate the mobile phone/laptop effortlessly if not they stand the chances making a mistake that might cause then their funds.

[eaLiTy]

The author of the tweet argues that in order to use bitcoin, people should not be required to know or comprehend theories and technologies on which bitcoin is standing. He claims that for bitcoin to be successfully adopted, it needs to be simplified to such extent when people don't bother to know how it works, why it works, what purposes it was created for, etc.

For a massive adoption it is true that it needs simplification. During the initial phase of BTCitcoin it was a big task to get a simple BTCitcoin address and you need to download Bitcoin-Qt wallet and sync everything and now we have all simplified versions of wallets which enables everyone to use without much complication.
Many people does not care about the technical stuff rather everyone is eyed on the valuation and if you really want to attract new users around the globe you need to have a much lower transaction charge as the current charges are around their daily wages in third world countries.

Can bitcoin continue to exist if majority of people don't want to be taught about importance of bitcoin and ideas behind it?

As per the world bank data 10% of the world population live under $1.90 a day, for them they do not care about the importance of BTCitcoin but worried about how they make a meal for their family. Many view BTCitcoin as a capitalist tool which is a good thing but the majority does not belong in that category  .

[Ridwan Fauzi]

Bitcoin has lost its identity, the user only use bitcoin for an income purpose no more than that. They didn't know how to use bitcoin based on its characteristic, they only use bitcoin because there are a lot of people who got rich already in an instant why. Like a few days ago, there is an information who stated that the major company only put their money to support some tool to earn bitcoin like NVIDIA and etc. They didn't interested to accept bitcoin because they still have money to make a transaction or sending money. So, this is pointed out that we just bitcoin to earn money no more than that, I agree if we should have to learn all the thing about bitcoin.

[Del137]

Bitcoin interfaces are simple enough already, its much easier than register new bank account or to do swift payment. People just dont want to use it because
a) not every merchant accept it
b) fiat is enough for them
We need to solve at least a) to make adoption wider

[proscratcher]

In the case of bitcoin, it is really hard for normal people to use it as a medium of exchange. Right now we can consider it as a store of value like gold. And because the decentralized nature of bitcoin its not that fast enough to be used like fiat.

[Slow death]

Should we learn bitcoin or not?

Think about the following:

- Thousands of people buy cars and use cars, but they don't know how cars are made and they don't know the basics of mechanics, but cars are adopted en masse!

- - Thousands of people buy cell phones and use cell phones, but do not know how cell phones are made or how cell phone operating systems and programs are created, but cell phones are adopted en masse and have never stopped being manufactured.

- thousands of people use FIAT but never bothered to know how FIAT is made

with bitcoin it would not be different, what matters is that everything is simplified for everyone to use, anyone who likes to want to learn technical things will then learn technical things, but you cannot force people to learn technical things because at that time nobody will want to use bitcoin

Should we promote simplicity and avoid complexity?

yes

[ultrloa]

Bitcoin has lost its identity, the user only use bitcoin for an income purpose no more than that. They didn't know how to use bitcoin based on its characteristic, they only use bitcoin because there are a lot of people who got rich already in an instant why. Like a few days ago, there is an information who stated that the major company only put their money to support some tool to earn bitcoin like NVIDIA and etc. They didn't interested to accept bitcoin because they still have money to make a transaction or sending money. So, this is pointed out that we just bitcoin to earn money no more than that, I agree if we should have to learn all the thing about bitcoin.

That's the main target of the people since if they didn't go here for profits then what is the use of engaging with bitcoins? For design? or for you not get outdated on the latest technology? The reason why many company didn't accept bitcoin on their payment option is due to volatility,bitcoin is not stable and might they will get bankrupt once the price get dump. Remember there's no always glory days on bitcoin and companies want stability that can sustain their company for long run and bitcoin cannot provide that for now.

[rexxarofmoknathal]

Bitcoin has lost its identity, the user only use bitcoin for an income purpose no more than that. They didn't know how to use bitcoin based on its characteristic, they only use bitcoin because there are a lot of people who got rich already in an instant why. Like a few days ago, there is an information who stated that the major company only put their money to support some tool to earn bitcoin like NVIDIA and etc. They didn't interested to accept bitcoin because they still have money to make a transaction or sending money. So, this is pointed out that we just bitcoin to earn money no more than that, I agree if we should have to learn all the thing about bitcoin.

That's the main target of the people since if they didn't go here for profits then what is the use of engaging with bitcoins? For design? or for you not get outdated on the latest technology? The reason why many company didn't accept bitcoin on their payment option is due to volatility,bitcoin is not stable and might they will get bankrupt once the price get dump. Remember there's no always glory days on bitcoin and companies want stability that can sustain their company for long run and bitcoin cannot provide that for now.

I agree there are many obstacles to adoption and these do differ from individual to large corporations. At the individual level I do favour simplicity but at the same time I don't agree that no basics about how BTC or crypto in general works should be skipped. Here it is super important to have people understand the risks associated with this digital currency and put these into perspective.

On the other hand, large corporations would need a much higher understanding of the system, how it works and why the volatility is so high. And in this case, even fully understanding these risks I fail to see many implementing BTC as payment since this would be a long-term financial decision and BTC or similar digital currencies cannot yet provide the level of security required for this type of immersion.

[Mpamaegbu]

This post was inspired by tweetstorm https://twitter.com/Beautyon_/status/1179057801706065920

The author of the tweet argues that in order to use bitcoin, people should not be required to know or comprehend theories and technologies on which bitcoin is standing. He claims that for bitcoin to be successfully adopted, it needs to be simplified to such extent when people don't bother to know how it works, why it works, what purposes it was created for, etc.

I go with the tweethandle, tweetstorm on this, and that's saying yes to your second option in the closing questions. The complexity and workings of Bitcoin aren't necessary in using it. Even a lot of those who think we should master the workings of Bitcoin before using it will not know jack of how fiat runs or is minted, yet they make use of it.

In the case of bitcoin, it is really hard for normal people to use it as a medium of exchange.

Supposedly, as implied in your comment, those of us here who use Bitcoin as a medium of exchange aren't NORMAL?

[witcher_sense]

<...>

- thousands of people use FIAT but never bothered to know how FIAT is made

<…>

There is a good reason for this, we never taught money in school!

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford

Bitcoin fixes this! It is first digital money that is completely decentralized, uncensorable and free from central bank manipulations. But it comes with some costs, people should maintain decentralization of bitcoin, keep it distributed, make sure there is no single point of failure. Bitcoin was created to return the power over money back to common people, to separate money from state. With bitcoin one can transact absolutely freely, without having to ask for permission, like it had always been before demise of gold standard. People don't know history of money and have never lived during free market of money either, and bitcoin is able to give them that feeling  and then they will suddenly realize that they were always under control of banks and it was a bad time. People will adopt bitcoin faster if they are able to realize that bitcoin makes their lives better and freer, that requires learning, you can't realize anything if you're bad at learning.

[QEthelbert]

The tweetstorm was actually right in the aspect that crypto need to be  made easy and shouldnt require people to study or understanding it scheme before using it because this was what stop 75% of all my friend from joining crypto and it will also make it hard for uneducated people so if we want Bitcoin to be totally adopt and become mainstream of payment it have to be so simple to use.

Agreed with Posi. Simplicity of use would be one part of story, the other one is safety. If we have large number of scams or stolen coins, then, I dont think that it will be able to gain larger scale of use

[yazher]

It is very important that people know how Bitcoin works, this can make Bitcoin adoption faster. Because by knowing
how Bitcoin works, can increase trust in Bitcoin. If the amount of people's trust in Bitcoin increases, of course it will
be easier for Bitcoin to be accepted globally by everyone.

Yeah if we could try our best to let everyone knows about the importance of bitcoin to our economy, we would have made the price higher than today. because doing those things required some knowledge and patience. Just like in the war, we are at war with scammers when doing those things. Thieves and Crooks are also doing their part to dirty the name of cryptocurrecies and this is one of the reason why our progress is so slow to to become adopted by every nation in the world. nevertheless, we still have some slow progress which is good to current progress.

https://en.bitcoinwiki.org/wiki/Bitcoin_history

[DoublerHunter]

The tweetstorm was actually right in the aspect that crypto need to be  made easy and shouldnt require people to study or understanding it scheme before using it because this was what stop 75% of all my friend from joining crypto and it will also make it hard for uneducated people so if we want Bitcoin to be totally adopt and become mainstream of payment it have to be so simple to use.

Agreed with Posi. Simplicity of use would be one part of story, the other one is safety. If we have large number of scams or stolen coins, then, I dont think that it will be able to gain larger scale of use

^ But the fact is this, we have continued increasing scam victims especially scam exchange fro hackers. All of these had a miscredit to the bitcoin reputation and those who had heard will become negative to the bitcoin and did not adopt it. Those victims are don't really know how bitcoin works and what bitcoin is. It is very techy to teach and probably it will take days or weeks before they will understand the decentralized nature of bitcoin. Slow adoption will surely have if we continue like this, scam here, and scam there, they were heard news like this.

[DatKing]

There is already some courses that help people understand more about Bitcoin and its brilliant technology. I think it should be taught in the schools to make more people learn Bitcoin in a correct way. As long as people continue ignoring to get Bitcoin correctly and we do nothing about it, the adoption will continue to be slow.

[Viscore]

There is already some courses that help people understand more about Bitcoin and its brilliant technology. I think it should be taught in the schools to make more people learn Bitcoin in a correct way. As long as people continue ignoring to get Bitcoin correctly and we do nothing about it, the adoption will continue to be slow.

Some members here are actually started to teach this in school but I'm not sure how effective it was since it needs more on applications rather technicalities. The process is the thing that we need to explore and make use of Bitcoin in different areas. And as what you've said, people continue to ignore people because they don't like Bitcoin may be and they don't want to open up their mind.

Close-minded individuals ain't deserve to teach, not even have the interest, and teaching thems is only a waste of our precious time. Adopting crypto is gonna be optional and we're not urged to do it.

[Assface16678]

Still, it depends on you if you want to learn with the use of the bitcoin but still this is the most common thing right now some of the people use this as a way of transaction like sending of funds and making an investment.

At the first place, I don't really have enough knowledge regarding on this coin and the blockchain how it works by just getting curious and reading a lot of kinds of stuff related on it the same with the help of the forum it gives a lot of ideas and information so I try now spreading the use and the benefits of the bitcoin on our place but still some of them are already called as the baby boomers or afraid to makes a change but still, I want to push it so I teach to the aame age with me so we have to gather information easily what is the best way to earn.

[maldini]

One thing is very clear here that people are investing in Bitcoin in their hard earned money. The reason for this is to be rich in a short time even if everyone knows. But there is no denying that people know very little about it. People are investing there without knowing much because they are seeing a lot of profit inside. So I totally agree that Bitcoin users need to know a lot more about Bitcoin and have a better knowledge of Bitcoin.