Bitcoin Massadoption - Is it ready?

[WalkerIVIV]

~SNIP~

In my opinion it made Bitcoin even stronger. More people bought it during that time. Especially financial institutions.

i do agree with this after paypal news and another elon musk news bitcoin going crazy  if you look ripple if im not wrong that put validator on big universty that study cryptocurrency

Ripple was a scam and it's not comparable with bitcoin. Paypal has become the main reason why there are more institutional investors wanna try to buy more and more bitcoin. I have heard that about the rumour if there will be another big company will try to buy bitcoin. The instutional investors are starting to change their mind about bitcoin.
Bitcoin is ready for mass adoption.

[tsaroz]

Not sure if it's ready but bitcoin is already into a Mass adoption. Now a large number of people own and use bitcoin in such a small period of a decade. Even if they don't own it, most of the people are aware of it and consider it as an important aspect of new age of economics. Last day I was sitting in a training regarding cybersecurity and crypto regulation popped up as a hot topic of debate. I was so surprise that so many, specially the old people know about bitcoin.

[Jaycee99]

As before I started to get into cryptocurrency many saw it as a scam.

As I being a whole new book on understanding crypto, it's really a wide book when you want to know more. So when you get people into bitcoin it a good start and those people who might get ideas from you who you see have less interest may slowly get into it as they become (possible) curious on their own.

Until today the number of people who get into bitcoin or cryptocurrency-related, increase but sadly there is still a large number who don't understand bitcoin so to those who understand bitcoin has the advantage to give to spread how cryptocurrency work.

Yes, it is ready(50%) but at some put, people should really get into it understand it and see that it is not a scam. That bitcoin is a big deal. Still, that big deal is still a good opportunity to let say "the least country that doesn't understand bitcoin" because it's free from government use plus tax-free. Just imagine if every foreign country uses paperless transaction bitcoin will not be bitcoin.

 

 

[Noctis Connor]

I don't think bitcoin is ready as you can see if all people will start bitcoin rather than USD they need to adopt those learnings first there are many things that needs to be done since fiat currency are controlled by the government since bitcoin currency is decentralize we don't want to have a government to manage bitcoin and manipulate many things if they considered it as is then maybe in the next 10-15 years since there are many application that involved bitcoin to make more transaction easier. Also as the if big companies will be start using bitcoin as their payment method or etc, since they will become a role model to open those eyes who don't believed in bitcoin.

[bayu7adi]

... they need to adopt those learnings first there are many things that needs to be done since fiat currency are controlled by the government since bitcoin currency is decentralize...

the current problem that arises is that there are no people who want to learn more about bitcoin. This is of course hampering the movement of bitcoin adoption globally, because they are not interested. To be able to make them interested and discuss Bitcoin in their respective circles, at least there must be a special strategy.

[New_order]

Bitcoin is never going to fade away for many years to come but I doubt it will beat or eradicate fiat, in the next 20 years to come there will still be many people who will refuse to use bitcoin, mass adoption is going to take many years to atleast get better

[Rodeo02]

Bitcoin is never going to fade away for many years to come but I doubt it will beat or eradicate fiat, in the next 20 years to come there will still be many people who will refuse to use bitcoin, mass adoption is going to take many years to atleast get better

The person that will surely refuse to learn Bitcoin or other crypto currency is the older person .it is hard for them to understand it mostly if you are not into technology which is understandable they are prefer to use Fiat instead of crypto currency. It is also harder for them to teach even you want since most of them will have a problem in their eye  sight and it's normal if you are older, other reason is they can easily be fooled unlike young people .

[milewilda]

Bitcoin is never going to fade away for many years to come but I doubt it will beat or eradicate fiat, in the next 20 years to come there will still be many people who will refuse to use bitcoin, mass adoption is going to take many years to atleast get better

The person that will surely refuse to learn Bitcoin or other crypto currency is the older person .it is hard for them to understand it mostly if you are not into technology which is understandable they are prefer to use Fiat instead of crypto currency. It is also harder for them to teach even you want since most of them will have a problem in their eye  sight and it's normal if you are older, other reason is they can easily be fooled unlike young people .

Yeah, there were exclusions when it comes to this matter or age bracket of people on where they would really be having a hard time on understanding everything but there are
some elderly which are really in with the tech which means they can still adapt but let these things do stick out on younger generation.Im not saying that they shouldnt get involved
but its up to someone if they choses for it to do so.This market is free and doesnt limit out on whose people would gonna engage nor tend to learn on it.
Adoption is on the move as the years goes by and we would see on how crypto will be having its role in the entire society.

[20kevin20]

Yeah, there were exclusions when it comes to this matter or age bracket of people on where they would really be having a hard time on understanding everything but there are
some elderly which are really in with the tech which means they can still adapt but let these things do stick out on younger generation.Im not saying that they shouldnt get involved
but its up to someone if they choses for it to do so.This market is free and doesnt limit out on whose people would gonna engage nor tend to learn on it.
Adoption is on the move as the years goes by and we would see on how crypto will be having its role in the entire society.

And the more years go by, the easier it becomes to make an old man understand today's tech as generations also renew. But I doubt the elderly are the main issue of Bitcoin's adoption. Because again, even if everyone on this world would've known how to use a mobile phone, from phones and computers to Bitcoin it is a very big leap.

It takes years as a tech geek to learn most stuff about Bitcoin, and even then you still have lots of things to learn about. The main issue we have is the impossibility of offering a very easy, user-friendly experience. If we can ever achieve the creation of a wallet which could easily be understood by anyone without any kind of crypto knowledge, Bitcoin would be adopted way quicker.

What we see with PayPal, Revolut etc seems nice at a first glance, but if you think about it.. it's not really Bitcoin adoption because people aren't using the real thing. They're in just for the profit. Once we can get at least 1% of the world involved in Bitcoin transactions, BTC will become a very big thing.

[c0rnel1us]

Massadoption will never happen.

Two many barriers, the first one being the lack of ergonomic of the user experience.
Private key are not user-friendly, fees are higher than other payment services and so one...

[cabron]

Paypal or whichever 3rd party they may use I think will not matter, they will still be utilising BTC in the end and in the process these people will learn the value of owning the BTC in their personal wallet. A year or two they will get out of that paypal or whcihever because they will learn its not good for them.

[TravelMug]

Massadoption will never happen.

Two many barriers, the first one being the lack of ergonomic of the user experience.
Private key are not user-friendly, fees are higher than other payment services and so one...

You have a point, but you have to understand that bitcoin it's a revolution so obviously, there are a lot of things that out of norm, like private keys and fees. But if people are going to understand the logic or the reasoning behind, well they can appreciate it more. It's not that simple but that is our protection and we need proper education on how to handle it.

So I must say again that we are closer to adoption that we have never been in the past, specially in the bull run of 2017.

[Lorence.xD]

Bitcoin as a whole world currency was 2017 bubble paradigm. Its 2020. Now we all know that its not gonna happend. Most likely not in next 10-50 years. For sure not now..

Most issues that you bring here will be solved in naxt 10-50 years (easy to use apps, easy to use priv-keys) so after this time bitcoin will be ready for mass adoption but ... majority does not give a f. about bitcoin. Not because they don't understand bitcoin ... its because they don't understand Fiats. All they know is that they have to earn it and spend it. 9 out of 10 people asked on street what inflation is won't be able to answer this question. I saw one such street poll in which a woman replied "I'm not interested in something that does not affect me".

A central currency will only be possible if there is only one government which is close to impossible because China, Russia and US exists and they are both on a stalemate which is a good thing. I do not think that mass adoption will be the answer to the problem, if possible I think the best is mass introduction, if they have a knowledge then they might consider. Sadly, people do not care about economics because it does not affect them directly which is understandable, but that is what keeping those in upper class in power, they rely on the ignorance of the masses.

[maydna]

Bitcoin is ready for mass adoption and becomes mainstream, but it will not happen fast because people still need to convince themselves about the benefits of bitcoin to them. Perhaps, if they can learn more details about how to use bitcoin, and how they can take the chance to make money, they will start the race of buying more bitcoin before the price increase. But many of them are not yet open their mind to accept bitcoin's existence, and they still think much if it is better to use bitcoin or need more time to consider. But who knows, when the bitcoin price jump high more than $50k, people will see how they can profit from bitcoin.

[btc_angela]

I think it's not the question whether it is ready for mass adoption, year by year bitcoin is really getting closer, but are there people willing to try it out? Paypal still is the top choice for online payments, but since they have somewhat join the bandwagon this year so it is just a matter of time before people realised what bitcoin can bring in online payment as well as cross border payments.

Yes, we may say that bitcoin's drawback is that there is a learning curve, but if it blows in the next 10-20 years then I guess everyone should adopt to it, whether they like it or not.

[pooya87]

"Bitcoin is complex" argument has no merits at all. Everything else people are using in their day to day lives is complicated, some of them are even far more complex than bitcoin. For example the computer you are using, the operating system, ... is very complicated and yet millions of people are using it every day some of them don't even know what an OS is let alone know how it works.
Bitcoin is just new and being new is scary to some people so they claim it is "complex". Otherwise why would regular users want to know how bitcoin works when they don't care about how everything else works?

[XCANA]

... they need to adopt those learnings first there are many things that needs to be done since fiat currency are controlled by the government since bitcoin currency is decentralize...

the current problem that arises is that there are no people who want to learn more about bitcoin. This is of course hampering the movement of bitcoin adoption globally, because they are not interested. To be able to make them interested and discuss Bitcoin in their respective circles, at least there must be a special strategy.

The learning aspect of this technology should be taking serious by adoptors becasue without the right knowledge people will still continue with the negligence which always lead to them be prey to hackers and scammers. Those who are serous about the technology will learn before make investment. Reasons why we are not seeing mass adoption in Bitcoin as we expected is solely becasue of it unregulations, if the government  start it regulation many hands will flow into this industry.

[bitterguy28]

~SNIP~

In my opinion it made Bitcoin even stronger. More people bought it during that time. Especially financial institutions.

i do agree with this after paypal news and another elon musk news bitcoin going crazy  if you look ripple if im not wrong that put validator on big universty that study cryptocurrency

Ripple was a scam and it's not comparable with bitcoin. Paypal has become the main reason why there are more institutional investors wanna try to buy more and more bitcoin. I have heard that about the rumour if there will be another big company will try to buy bitcoin. The instutional investors are starting to change their mind about bitcoin.
Bitcoin is ready for mass adoption.

Lol how come that ripple is scam?

Your just looking for news but are those a legit ?or Fud to make the coins looks scam?

Better make your own research and not just jumping because it was been told.

[davis196]

The fact that Bitcoin is a currency with a very volatile price and irreversible transactions scares a lot of people into entering the crypto world.The vast majority of the people want stability,convenience and the ability to refund transactions that were sent by mistake,or payments that were sent to products or services,that eventually turned out to be a scam.
Bitcoin and all the altcoins are not ready for global mass adoption,but I'm pretty sure that Bitcoin will improve and will become more user-friendly.

[Crislyn4116]

The moment the price goes at this level means that people just want it more and more; not because its convenience, its usable, or it is the money of the future, neither a technology nor the peer to peer payment but because it is trending. Trending due to its price which of course attracts people to invest. Imagine from 0.24 usd to 25k for only 10 years. It even competes on Dow Jones index in the stock world. Thus, people wanted it more, again not because of its purpose and application but because its price attracts people... and as to mass adoption, people are not ready yet....