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Author Topic: The path to mass adoption of crypto  (Read 374 times)
naikturun
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September 15, 2021, 06:32:57 AM
 #21

I don't really mind that problem for now, because in my country it is still prohibited so waiting for mass adoption is still a long time and waiting for crypto to be legalized here first. right now you can trade crypto here, I'm already happy, especially if it's already valid later it will be even more useful.

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September 15, 2021, 06:39:47 AM
 #22

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?

It is definitely true that the mass adoption of crypto is still miles and miles away and to be honest i am also one of those guys that just see cryptos as an investment at the moment and not as an alternative payment method for my daily life. To be honest i don't want to spend the few fractions of btc that i own to by myself something because i see BTC as an investment asset just like Gold. There are projects out there though that are accelerating the adoption of crypto. For example collateral pay.
If you are just keep holding your bitcoin for the rest of your life, then how would you able to contribute to the mass adoption of crypto? Bitcoin and ethereum are definitely the most popular coins right now that are almost near to its adoption but it won't be realize until you start using bitcoin as a currency.  Blockchain technology has more great advantages compared to the traditional method but still most of the people only see blockchain as non reliable so they prefer to use fiat because its more reliable and backed by the government.

Honestly, the traditional method is still used by majority of the individuals because these people are not even aware that blockchain technology is much useful and beneficial than the old one. So if they can be educated about crypto and blockchain technology as early as now, then we might be close to its mass adoption of crypto.

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September 15, 2021, 08:53:38 AM
 #23

The massive introduction of cryptocurrency will begin, perhaps, after governments and large financial structures subordinate to them will be able to take full control of financial flows. As of now, the whales manipulate the bitcoin market, so they will do it. Until then, there will be all kinds of bans and regulations.
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September 15, 2021, 10:09:52 AM
 #24

I think Ethereum. Ethereum in my opinion has succeeded in developing blockchain technology and many coins or tokens have adopted the greatness of Ethereum blockchain technology which at this time they have also been successful and those who initially adopted Ethereum smart contracts are now preparing their own smart contracts.
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September 15, 2021, 11:05:56 AM
 #25

I think Ethereum. Ethereum in my opinion has succeeded in developing blockchain technology and many coins or tokens have adopted the greatness of Ethereum blockchain technology which at this time they have also been successful and those who initially adopted Ethereum smart contracts are now preparing their own smart contracts.

Why not BNB, for example? And not just BNB, I believe there are other good ones that have huge potential!
Learn about Bitcoin, learn from Bitcoin... how everything started! I believe in the beginning every new person was important, now Bitcoin is being adopted by big companies. It's the path of all crypto projects, little by little, place by place, until crypto conquers the entire world!
So which coin will get there first is like gambling, Bitcoin has the highest chances probably, but there are others with high chances too! I guess each of us has some picks, but only time will tell who was right! So don't gamble, diversify and have more than one coin in your portfolio!

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September 15, 2021, 12:27:17 PM
 #26

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology.
They will prefer it and it will take a long long time before a transition will start.
People prefer to use the traditional method of paying which is the fiat currency because they feel comfortable with it. Another one is that is the currency that all of us are accepting unlike crypto that only a few are accepting it as of this moment. I agree that it is the biggest challenge right now and its normal too that transitioning from another currency to another will take some time.

So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
Bitcoin and those top coins as well but Bitcoin is the top pick with this.

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September 15, 2021, 06:10:28 PM
 #27

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology.
They will prefer it and it will take a long long time before a transition will start.
People prefer to use the traditional method of paying which is the fiat currency because they feel comfortable with it. Another one is that is the currency that all of us are accepting unlike crypto that only a few are accepting it as of this moment. I agree that it is the biggest challenge right now and its normal too that transitioning from another currency to another will take some time.
Bitcoin is definitely the way to go, there is no way that it wouldn't be bitcoin. All we need is a way to get into phones of everyone. The shops that suppose to accept it needs to actually handle this part, if we could convince more and more places to accept bitcoin or even any other coin then we are going to be doing fine, but it hasn't been that easy at all, it has been quite the challenge.

There are tons of people who are willing to pay with crypto to buy something, and there are not enough places that take crypto for giving whatever it is, so we do not need to convince people who spend money, we need to convince people who accept it, like a cafe, an ikea like place, a bookstore, a hotel, whatever it is, just accept crypto, and we will have mass adoption for sure.

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September 15, 2021, 07:12:20 PM
 #28

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology.
They will prefer it and it will take a long long time before a transition will start.
People prefer to use the traditional method of paying which is the fiat currency because they feel comfortable with it. Another one is that is the currency that all of us are accepting unlike crypto that only a few are accepting it as of this moment. I agree that it is the biggest challenge right now and its normal too that transitioning from another currency to another will take some time.
Bitcoin is definitely the way to go, there is no way that it wouldn't be bitcoin. All we need is a way to get into phones of everyone. The shops that suppose to accept it needs to actually handle this part, if we could convince more and more places to accept bitcoin or even any other coin then we are going to be doing fine, but it hasn't been that easy at all, it has been quite the challenge.

There are tons of people who are willing to pay with crypto to buy something, and there are not enough places that take crypto for giving whatever it is, so we do not need to convince people who spend money, we need to convince people who accept it, like a cafe, an ikea like place, a bookstore, a hotel, whatever it is, just accept crypto, and we will have mass adoption for sure.
Mass education for crypto should always be the first step so that people will eventually understand how crypto works and how it will be beneficial for us. Its hard for everyone to accept crypto and use it right away as a currency without having been informed on how to use it and how it can be an advantage compared to the traditional method.

Blockchain technology is definitely better compared to the traditional method. People cannot realize it because they are still attached to fiat because the government backed it up and because they are already used to it. Especially with older people who cannot easily adopt blockchain technology because they don't have enough knowledge on it and because they have no time to understand it either.

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September 15, 2021, 07:39:43 PM
 #29

So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
The most well known project working at mass adoption is Ethereum of course. There are other blockchains that are trying in different ways to achieve the same like MINA for instance is just that these have not been around for that long to be so well know.

To be fair, it doesn't so much matter which blockchain makes it there first it is all about the outcome - making it!
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September 15, 2021, 08:05:56 PM
 #30

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Well obviously Bitcoin. It's already going around the world actually. Maybe not that adoption that many people imagined, but surely it is the one that it is getting the attention more than the other coins out there in the market obviously.
People still prefer traditional method just because they feel safer in banks than in decentralized currencies.
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September 15, 2021, 08:28:11 PM
 #31

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Well obviously Bitcoin. It's already going around the world actually. Maybe not that adoption that many people imagined, but surely it is the one that it is getting the attention more than the other coins out there in the market obviously.
People still prefer traditional method just because they feel safer in banks than in decentralized currencies.
I expect this since before as not all have that kind of appreciation towards that market.
The said adoption will it moves slowly and little by little people will understand how it helps to our lives. Education and full support from the government will help to fasten the adoption. Without such awareness and support, I can imagine that 10 years from now we've found no huge changes but to expect that many were still doubtful and had no knowledge about cryptocurrency.

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September 15, 2021, 09:05:31 PM
 #32

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
There’s a lot of good project already available in many countries, its just that people are still not ready for cryptocurrency, they are still afraid to invest and to use it because of the volatility.

If the price becomes more stable then we might see them slowly coming into this market, I still see Bitcoin to lead us on that mass adoption and we are getting there.
That sometimes to think that adoption won't go that fast when the people who live around us will keep their minds negatively. There is no way we can move it fast but to see it very slow. Well, that mas adoption can't be done right away but for sure it comes when we all had open our minds and looks on the brighter side of crypto, not only the dark side of it. I understand that we care about the risk but we couldn't make it change if we don't try and see the results.

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September 15, 2021, 09:05:37 PM
 #33

Every crypto project has the plan to dominate, there is just no way all of them are going to really start traction. They may hype a bit but after some time the hype will die. There is a way to really check them out and it's by looking at the dominance chart https://coinmarketcap.com/charts/

8 coins so far except the stablecoins that ranked from BTC, ETH, ADA, BNB, XRP, SOL, POL and DOGE.


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September 15, 2021, 10:34:34 PM
 #34

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
Bitcoin has clearly become the most mainstream at this time. however, besides bitcoin there is still a potential altcoin ready for mass adoption. namely ethereum and binance. for ethereum is still constrained by high gas costs. maybe ethereum can lower gas costs so it can be like binance so that during mass adoption it will be able to attract the public

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September 15, 2021, 11:44:27 PM
 #35

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?

EOS have a plan to do it, its already have some adoption in Venezuela as payment processor and also provide micro loan for some bussiness there.
Also, its now deploying its Governance system (EdenOS) and they already have election of its president

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September 15, 2021, 11:49:58 PM
 #36

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
Bitcoin has clearly become the most mainstream at this time. however, besides bitcoin there is still a potential altcoin ready for mass adoption. namely ethereum and binance. for ethereum is still constrained by high gas costs. maybe ethereum can lower gas costs so it can be like binance so that during mass adoption it will be able to attract the public

As it sits right now, bitcoin is still the leading crypto when you talk about mass adoption. Other alts may follow but bitcoin is the first to recognize by many even noncrypto users. When you talk about other alts, they feel confused.

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?

EOS have a plan to do it, its already have some adoption in Venezuela as payment processor and also provide micro loan for some bussiness there.
Also, its now deploying its Governance system (EdenOS) and they already have election of its president

I don't know if EOS will go mainstream anytime soon. Other top alts like ETH or XRP are more popular when it comes to payment method
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September 16, 2021, 09:53:18 AM
 #37

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
Bitcoin can get mass adoption from people because people know bitcoin first and then the altcoin or the other project. Bitcoin will expand globally among the other projects because bitcoin leads the crypto market so people will see bitcoin as the opportunity to make money. They will see that crypto is not just about bitcoin and then if they dig deeper inside the crypto, they will find that the altcoin and the other project can allow them to make money.



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darahjuang
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September 16, 2021, 10:09:18 AM
 #38

I think Ethereum. Ethereum in my opinion has succeeded in developing blockchain technology and many coins or tokens have adopted the greatness of Ethereum blockchain technology which at this time they have also been successful and those who initially adopted Ethereum smart contracts are now preparing their own smart contracts.

Why not BNB, for example? And not just BNB, I believe there are other good ones that have huge potential!
Learn about Bitcoin, learn from Bitcoin... how everything started! I believe in the beginning every new person was important, now Bitcoin is being adopted by big companies. It's the path of all crypto projects, little by little, place by place, until crypto conquers the entire world!
So which coin will get there first is like gambling, Bitcoin has the highest chances probably, but there are others with high chances too! I guess each of us has some picks, but only time will tell who was right! So don't gamble, diversify and have more than one coin in your portfolio!
I also think like that so I no longer mention Bitcoin as an example because Bitcoin is already used in a larger space so I use Ethereum as an example because currently Ethereum is one of the coins that has been able to develop blockchain technology (smart contracts) in cryptocurrencies many adopted by other Altcoins.
If I'm not mistaken, BNB has also used the Ethereum blockchain.
tiffcrz
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September 16, 2021, 10:37:40 AM
 #39

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
I would love to recommend XSN, the native coin of Stakenet. A well-established project backed by a solid team and white paper. Grab this opportunity now to fill up your bags with XSN while its price is still super cheap. With the current exciting developments that are happening now, the rate of mooning for this coin is pretty much high. Check it out!
gurunanakji777
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September 16, 2021, 02:39:24 PM
 #40

If you notice the adoption of the crypto increasing year by year So I am positive no of users will keep increasing. If you are aware of Bitcoin, Ethereum and BNB you must know these three are well-known coins in the crypto market and widely use by crypto traders. Adoption is going on it will take time as it is very different from the traditional banking system.

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