What can we do to speed up Bitcoin mass adoption?

[suryana]

we can say that bitcoin is currently a business investment that is very popular among the public even though the process of depositing its contents has not been carried out en masse by various groups including several countries that have not fully adopted bitcoin, but we feel confident in the process of mass adoption by various groups. with the modern era, of course, digital currency has its own advantages in processing a transaction, maybe it just takes a little longer time so that it can be realized

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[romero121]

Large scale companies participation could boost the adoption to some extent. This means most of the e-commerce platforms needs to add bitcoin as a payment, but this isn't happening anymore. Whether people are using it or not, when something is added surely people will give it a try. In a recent interview Amazon CEO Andy Jessy mentioned there is no plans of adding cryptocurrency payment, maybe NFTs could be added as it's getting more popular around the globe. Similar is the decision of Apple's Tim Cook mentioning about cryptocurrencies in his personal holdings and the company doesn't involve into it. When giants add way, this will get more usage for sure.

[Wimex]

Can the "accept as donation" option be used instead of paying? In this case, will it be possible to hold him legally responsible in his country? Will government agencies be able to punish this method?

Bitcoin has gone from being a little-known currency to being desired by almost everyone, so much so that governments seek to take advantage of it and make it part of their system. For what purpose? Well, I would say that it is obvious, placing a certain percentage generates money, maybe not in the short term but in a considered time. companies or individuals that seek to evade these regulations that are being implemented by simply declaring them as donations, are not totally safe, because if a certain amount is required, comparing the evasion of churches with this digital payment method does not have sense, churches can receive cash and ensure that they are donations but BTC transfers to  must be through a platform and now with the monitoring that is taking place it will be difficult for them to escape.

[m2017]

-snip-

The best thing that can we do to speed up Bitcoin mass adoption is to advertise. Preferably by word-of-mouth which seems to be the most effective and low cost marketing strategy that I know.

People really underestimate the effect word-of-mouth has. So spread it within your circle of friends, family and coworkers. Tell them about why Bitcoin is the future and all the things it has achieved to this day. Tell them about your personal success stories with Bitcoin.

We already got the ball rolling, now the most important part is to steer this gigantic snowball in the right direction. Avoid people who badmouth Bitcoin and reprimand them for it.

It is not enough just to advertise, it is necessary to show how to use bitcoin, what advantages and features. Words are good and they have power, but visibility surpasses them many times over.

Nothing prevents you from returning the debt (for example) to friends, family members or just acquaintances in bitcoin. This will encourage them to become familiar with BTC and will be able to change the attitude towards BTC as a speculative instrument (or ponzi-scheme) that has been heard about in the media. It will be much better if people try to test bitcoin themselves in this way and make sure that this is a unique tool that gives them completely new opportunities.

I believe that encouragement to use in this way will have a better effect than just talking about BTC.

[witcher_sense]

It is not enough just to advertise, it is necessary to show how to use bitcoin, what advantages and features. Words are good and they have power, but visibility surpasses them many times over.

Nothing prevents you from returning the debt (for example) to friends, family members or just acquaintances in bitcoin. This will encourage them to become familiar with BTC and will be able to change the attitude towards BTC as a speculative instrument (or ponzi-scheme) that has been heard about in the media. It will be much better if people try to test bitcoin themselves in this way and make sure that this is a unique tool that gives them completely new opportunities.

I believe that encouragement to use in this way will have a better effect than just talking about BTC.

There are a bunch of bitcoin wallets on the market that allow for seamless interaction with the Bitcoin blockchain. People unfamiliar with how things work under the hood aren't going to see the difference between bitcoin and, for example, the banking app of today that they use on an everyday basis to pay for things. They don't need to relearn how to interact with the bitcoin "banking app" because it looks pretty much the same as before. Buy some digital tokens with your credit card, scan a QR code at a grocery store, click "Send," and receive goods in return. Did you say private keys? You don't need to bother learning how to correctly back them up because those wallets are custodial, which means all your keys are being managed by more experienced guys like your banker. But you don't need to tell them they have no control over funds to not scare them off. Just keep silent and show them how easy it is to use bitcoin.

[doomloop]

There are a bunch of bitcoin wallets on the market that allow for seamless interaction with the Bitcoin blockchain. People unfamiliar with how things work under the hood aren't going to see the difference between bitcoin and, for example, the banking app of today that they use on an everyday basis to pay for things. They don't need to relearn how to interact with the bitcoin "banking app" because it looks pretty much the same as before. Buy some digital tokens with your credit card, scan a QR code at a grocery store, click "Send," and receive goods in return. Did you say private keys? You don't need to bother learning how to correctly back them up because those wallets are custodial, which means all your keys are being managed by more experienced guys like your banker. But you don't need to tell them they have no control over funds to not scare them off. Just keep silent and show them how easy it is to use bitcoin.

That is mainly their problem and that is why I doubt that it would be easy for them to make any money. People who do not learn what blockchain is, and how it works, will end up with getting in here only for the money and people who are here only for the money and do not care about nothing else will end up losing the only thing they cared about which is money.

If you want to make money in the crypto world then you should be willing to do high levels of research, and I mean like hours of it every single day. Because, you need to learn how all of this works and how you could make money from it. Otherwise, you will be left out in the open and can't make any profit.

[Ziskinberg]

The first thing to ask is how to encourage people to trust Bitcoin? Because this was the main reason why we can't move fast and reach that major adoption as the support of the community isn't enough to push major establishments to accept Bitcoin. Plus, the Government is sometimes contradicting Bitcoin, they even wanted to use their power and control it instead of supporting this.

- provide the highest level of account security
- lessen the number of scam projects
- legalization

I believe these things could help crypto being recognize by the majority.

[bitzizzix]

I think the widespread adoption of bitcoin will require the support of many business advocates, but before the community has many supporters, anyone with a business dealing with daily transactions can show enthusiasm by accepting bitcoin in their business.
and with it more and more transactions made in bitcoin will push progress closer to this goal.
and besides, more people need to know about its function, advantages and potential. Because there are still many prejudices about using bitcoin for illegal activities and so on, and in my opinion bitcoin also requires government involvement. Another important thing that is needed, of course, is its use as an alternative means of payment.

[Welsh]

There's more and more legal friction in the form of red tape for on and off-ramps for BTC<->fiat currency exchanges so not sure how the future is going to look like. Same even goes for any entities ever handling bitcoins on behalf of others, transferring them, other uses, etc. Frankly speaking, I see a bleak future for any adoption unrelated to HODLing (which in itself is great, but I had higher expectations for Bitcoins' future) or gambling at exchanges/DeFi/whatever at this point. And the time for some serious lobbying passed years ago (not sure if it would've worked out anyway...).

I used to think that Bitcoin had the potential to possibly be useful as a general currency, but as you suggested the amount of legal work required to be able to do that, is quite frankly unsustainable. The world is becoming less private, and the amount of data you're required to give to companies now is increasing. KYC is now a massive thing, and is very much a legal requirement in most countries.

I've changed my mind somewhat recently, that the main purpose of Bitcoin will likely be more of a reserve currency than a traditional currency, due to the reasons you mentioned. Bitcoin will be seen as a way of escaping the rat race, in the long term.

[dunfida]

There's more and more legal friction in the form of red tape for on and off-ramps for BTC<->fiat currency exchanges so not sure how the future is going to look like. Same even goes for any entities ever handling bitcoins on behalf of others, transferring them, other uses, etc. Frankly speaking, I see a bleak future for any adoption unrelated to HODLing (which in itself is great, but I had higher expectations for Bitcoins' future) or gambling at exchanges/DeFi/whatever at this point. And the time for some serious lobbying passed years ago (not sure if it would've worked out anyway...).

I used to think that Bitcoin had the potential to possibly be useful as a general currency, but as you suggested the amount of legal work required to be able to do that, is quite frankly unsustainable. The world is becoming less private, and the amount of data you're required to give to companies now is increasing. KYC is now a massive thing, and is very much a legal requirement in most countries.

I've changed my mind somewhat recently, that the main purpose of Bitcoin will likely be more of a reserve currency than a traditional currency, due to the reasons you mentioned. Bitcoin will be seen as a way of escaping the rat race, in the long term.

It was never intended to replace fiat in the first place but rather been created for the sole purpose of p2p and decentralization which it did really made its purpose well.It is really just people are overextending that much

about the probabilities or do really make out some conclusions that it would really be a traditional currency which is something that we do know that it cant really happen and i do also believe about that being a reserve.

Lets not put ourselves into haste on minding about mass adoption yet we are really heading on that area.

[Agbe]

Using Bitcoin as a means of payment is an option in El Salvador, I'm surprised the op doesn't mention that. Also, some cities allow some usage of Bitcoin in the US and, I believe, Switzerland, and there are countries that are looking into allowing using Bitcoin as a means of payment along with the national currency. And I do believe that more and more will allow it, but perhaps set some requirements. Some countries also have tax regulations for cryptos, so that people can report income and can make it legal. So the situation doesn't seem too pessimistic to me, and while I don't think Bitcoin will replace fiat, I think its usage will continue to grow and there will be more options to use Bitcoin as payment in the future.

El Savaldor government take Bitcoin as his first priority, so taking Bitcoin as the optional payment system might wrong. Although, as for now, they are using it as the alternative currency or optional to the Fiat currency. To speed up the adoption of Bitcoin in the whole world is the use of Bitcoin to pay anything you pay plus transport. At that time, there must be Bitcoin Banks in everywhere like the fiat banks as of today. Then introduction of Bitcoin in the school syllabus for students to know more deeply about it. The exchange rate of Bitcoin should be higher than the Fiat currency. When Bitcoin is used as major payment system in the world, goods and services should be drastically come Down. That will also make the speedometer in the adoption of Bitcoin.

Though many countries are adopting Bitcoin and using it as the optional payment system.

[macson]

Large scale companies participation could boost the adoption to some extent. This means most of the e-commerce platforms needs to add bitcoin as a payment, but this isn't happening anymore. Whether people are using it or not, when something is added surely people will give it a try. In a recent interview Amazon CEO Andy Jessy mentioned there is no plans of adding cryptocurrency payment, maybe NFTs could be added as it's getting more popular around the globe. Similar is the decision of Apple's Tim Cook mentioning about cryptocurrencies in his personal holdings and the company doesn't involve into it. When giants add way, this will get more usage for sure.

adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.

[taufik123]

adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.

apart from the needs of the community, it all also depends on how the government provides regulations on bitcoin. Because if the need for bitcoin is high but the government has not provided full regulation, then bitcoin is only used as commodity trading and nothing more.

Towards mass adoption of course requires really mature preparation and knowing all the risks. People are not ready with the risks that bitcoin or crypto currency has, because they are very volatile.

[oldkoin]

Imagine the situation. Bicycle rental agency. 10 bicycles. The average number of clients per day is 100. Bicycles are occupied 90% of the time.
The owner wants to increase the number of customers by 10 times and asks his friends for advice on what he should do for this.
What they recommend to him:
1. Increase advertising
2. Replace bicycles with more comfortable ones
3. Train customers, because not everyone knows how to ride it.
4. Stimulate the staff so that the quality of service is better.
... and the like.

It seems that all the tips are correct. But in this case, all these tips can be thrown in the trash. They won't work.

Anyone with a minimum of knowledge in mathematics will tell him:
"Dude, in order to increase the number of customers by 10 times, you definitely, first of all, need to increase the number of bicycles by 10 times. There's no way without it."


Bitcoin.
~350 thousand transactions per day. ~10 million users per month. And this is the maximum.
The blocks are filled with transactions by more than 90%. That is, we have almost reached this maximum.

Our goal is mass adaptation. Once again, "MASS". Which implies a 10-100 fold increase in the number of users.

And now questions are being raised on the forum:
Why is there no mass adaptation? What should we do for this?
And why is the number of users not increasing many times?
And what prevents Bitcoin from growing ?
What is this "mysterious enemy" that prevents Bitcoin from taking over the whole world?


And what answers are given on the forum. Can you run through the topic from beginning to end:
Government - ?
Unstable price - ?
Bitcoin is too complicated - ?
Need more Bitcoin advertising - ?
...

People! Are you serious?

The only correct answer to the question of what prevents Bitcoin from mass adaptation at the moment is ... Bitcoin.

[Uang_kartal]

bitcoin oh bitcoin, I really appreciate from the P2P era between users who may not be as visionary now that they are so flexible in use, of course not bound by national borders, I personally often trade, store and transact anything even though the office / exchange server I don't know. each user with exchanges or other users who are getting more and more tested day by day. Moreover, my friends think about bitcoin regulations in different countries. Personally, being allowed to be free in my country is enough, I think bitcoin is a good energy and will be thank you from the past now and in the future. I believe bitcoin helps many people like what friends talked about above

[m2017]

There's more and more legal friction in the form of red tape for on and off-ramps for BTC<->fiat currency exchanges so not sure how the future is going to look like. Same even goes for any entities ever handling bitcoins on behalf of others, transferring them, other uses, etc. Frankly speaking, I see a bleak future for any adoption unrelated to HODLing (which in itself is great, but I had higher expectations for Bitcoins' future) or gambling at exchanges/DeFi/whatever at this point. And the time for some serious lobbying passed years ago (not sure if it would've worked out anyway...).

I used to think that Bitcoin had the potential to possibly be useful as a general currency, but as you suggested the amount of legal work required to be able to do that, is quite frankly unsustainable. The world is becoming less private, and the amount of data you're required to give to companies now is increasing. KYC is now a massive thing, and is very much a legal requirement in most countries.

I've changed my mind somewhat recently, that the main purpose of Bitcoin will likely be more of a reserve currency than a traditional currency, due to the reasons you mentioned. Bitcoin will be seen as a way of escaping the rat race, in the long term.

In fact, no one knows what the world will be like in the future. What now seems impossible is quite possible to be realized. And the point of view that bitcoin is more likely to become a reserve currency than the traditional one seems to me the most probable. But then, the question of mass adoption is called into question. Moreover, if we also take into account the fact that the number of BTC is limited, which means that this is not "physically" enough for all people for mass use as a traditional means of payment (I’m not sure that whales and simple hodlers will massively get rid of their assets at BTC).

[Marvell1]

adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.

apart from the needs of the community, it all also depends on how the government provides regulations on bitcoin. Because if the need for bitcoin is high but the government has not provided full regulation, then bitcoin is only used as commodity trading and nothing more.

Towards mass adoption of course requires really mature preparation and knowing all the risks. People are not ready with the risks that bitcoin or crypto currency has, because they are very volatile.

Government is the biggest barrier to bitcoin, nowadays it is not difficult to come across bitcoin logos or bitcoin frequently mentioned on social networks but there are many people who are indifferent to bitcoin because they know that the government does not support bitcoin and see bitcoin as an enemy.

For towards mass adoption of bitcoin, in addition to the solution of using social networks, introducing friends and relatives ...I think we should stop declaring war on government and banks instead of saying that bitcoin will completely replace fiat then bitcoin should not and cannot replace fiat, let them coexist.

[Zanab247]

we can say that bitcoin is currently a business investment that is very popular among the public even though the process of depositing its contents has not been carried out en masse by various groups including several countries that have not fully adopted bitcoin, but we feel confident in the process of mass adoption by various groups. with the modern era, of course, digital currency has its own advantages in processing a transaction, maybe it just takes a little longer time so that it can be realized

Bitcoin has helped a lot of people to grow higher in their various businesses, because is a decentralized currency that is not control by any countries or government officials. BTC has eliminated delay from people transaction that is attracting other countries to make bitcoin legalized in their land. Bitcoin is more secured and safe in terms of transaction within domestic and international. With the good results bitcoin has developed, show that very soon other countries that rejected bitcoin some years ago, will begin to accept bitcoin for the betterment of their citizens.

[dataispower]

Large scale companies participation could boost the adoption to some extent. This means most of the e-commerce platforms needs to add bitcoin as a payment, but this isn't happening anymore. Whether people are using it or not, when something is added surely people will give it a try. In a recent interview Amazon CEO Andy Jessy mentioned there is no plans of adding cryptocurrency payment, maybe NFTs could be added as it's getting more popular around the globe. Similar is the decision of Apple's Tim Cook mentioning about cryptocurrencies in his personal holdings and the company doesn't involve into it. When giants add way, this will get more usage for sure.

adoption will occur not because of encouragement from big companies but rather to the needs of people.  at this time we all know that there are still many people who do not know bitcoin, and are still confused about basic bitcoin knowledge.  if knowledge about bitcoin in people is evenly distributed then they will definitely become dependent and try to use bitcoin where they transact, that's when mass adoption really materializes.

Yes, what you point out is good. Because some people don't know bitcoin and until this year ends, but people that is living on earth majority of them knows of bitcoin but they don't adopt the cryptocurrency because of they are Fairless of the investment. The knowledge and news of bitcoin is moving everywhere except somebody don't want to know bitcoin or don't want to have interest for bitcoins will not adopt the currency. everybody knows Bitcoin within different societies

[_BlackStar]

In fact, no one knows what the world will be like in the future. What now seems impossible is quite possible to be realized. And the point of view that bitcoin is more likely to become a reserve currency than the traditional one seems to me the most probable. But then, the question of mass adoption is called into question. Moreover, if we also take into account the fact that the number of BTC is limited, which means that this is not "physically" enough for all people for mass use as a traditional means of payment (I’m not sure that whales and simple hodlers will massively get rid of their assets at BTC).

Bitcoin is not the same payment system as other traditional payment systems in my opinion. Bitcoin is something completely different from other centralized financial systems, so it should be a good innovative payment system to serve as a payment alternative even though most countries use fiat.

Mass adoption is something that is still hard to expect nowadays even though bitcoin is getting more and more popular day by day. However, we must agree that bitcoin has become one of the currencies that has begun to be adopted as a legal tender in various countries today, although most of them are still in conflict with the regulations of the financial system and jurisdiction of a country.