Blockchain and Bitcoin adoption globally. What is the cause of the slow pace.

[aryana42]

Unfortunately the common people still consider cryptos as virtual or internet money which is backed by nothing and may collapse anytime, untill people get more awareness about blockchain technology and cryptocurrencies and the negative perception goes away the mass adoption will still remain a distant thing.

It is very simple to deal with something like that, namely by ignoring people who still consider cryptocurrency as a negative thing, just show a fair result to such a person and he will eventually like cryptocurrency and will explore crypto himself.

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[optimisticcm]

There are still many things that the masses do not understand and follow about using cryptocurrencies. I have seen people avoiding crypto due to the complex system of private keys, no password recovery and non reversal of transactions in case of mistake, these things discourage people but this is how this technology works.

[jacafbiz]

I don't know the countries you are from but the adoption is not slow in developing countries especially countries that their currencies is undergoing huge devaluation, the adoption of Crypto is not high in developed nation because they have strong economy unlike countries where their currencies is losing grounds to USD at a fast pace

[mersal]

Governments can't really control the cryptocurrencies that is why they are trying to slow the adoption rate by regulations and restrictions.Amd we are still made good adoption compared to the existence period, because we are only 10 years.so still a long way to go and surely we can see more adoption and the real decentralised payment system.

[plvbob0070]

Mainstream adoption does not always come so fast. Even the internet took some time before getting recognized and adopted by the majority of people so it's also the same for blockchain and bitcoin. Also, not all governments are positive towards bitcoin because of decentralization that's why there's also a lack of support from them and some restrictions since the also play a big role to bring awareness about blockchain and bitcoin to people.

What we can simply do is to give awareness and educate the people around you. But doing that requires a lot of time and effort so it's really not easy and fast to see mainstream adoption.

[abel1337]

Governments can't really control the cryptocurrencies that is why they are trying to slow the adoption rate by regulations and restrictions.Amd we are still made good adoption compared to the existence period, because we are only 10 years.so still a long way to go and surely we can see more adoption and the real decentralised payment system.

I think some governments actually have control over some part of cryptocurrency. There are some countries that implemented a tax on using cryptocurrency in their country by requiring a wallet that is based on their country to file tax and charge on some crypto transactions. But as we see the government can't really control the whole crypto on their country and people of their country can easily avoid these taxed transactions. I agree that the government just keeps delaying the adoption of cryptocurrency in some countries because they can't juice it as much as they want, That's why they aren't supporting such big adoptions.

[shoreno]

Mainstream adoption does not always come so fast. Even the internet took some time before getting recognized and adopted by the majority of people so it's also the same for blockchain and bitcoin.

from the word main , means alot . if this is less or not main , the adoption could come so fast . comparing internet to btc and blockchain can be critical , because internet is only one but there are other alternatives to btc and blockchain . that reasoning can also add up on why adoption is not fast moving . countries that are featured on the opening post are only two and those are russia and india but if we will check if how much country that are now currently involved on btc and blockchain we will get surprised of thier numbers .

[vermigerous]

I agree that there are still struggles on adaption of bitcoin and cryptocurrency, that's why it is the main reason to the slow pace of adaptation of bitcoin and blockchain. Thebither reason i think is that there are still aome countries that doesn't like to adapt bitcoin and cryptocurrency business in their country. That's why bitcoin and blockchain isn't yet recognized globally.