What can we do to speed up Bitcoin mass adoption?

[BlackHatCoiner]

I see a bleak future for any adoption unrelated to HODLing (which in itself is great, but I had higher expectations for Bitcoins' future)

But itself is meaningless. This "hodling lifestyle" works as long as there's a basic utility. And the only way you can utilize bitcoin is to use it as a currency. There's no other purpose. Period. It's a short term investment or a gold 2.0 or whatever you want, as long as it's useful in society somehow.

And I disagree. Despite the privacy invasion that's becoming worse day by day in the last years, the adoption increases. Even if the merchant hands out lots of personal info, even if in some countries it's illegal/banned, even if the mob wants to make a few bucks with it. The fact remains; there's interest from both merchants and customers.

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[LUCKMCFLY]

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

What happens is that the information is very varied, most of the media are quite radical, most of them do not speak very well about BTC and this is something that people take into account, especially those who do not know much of BTC and that they only find information through newscasts.

Sometimes you have to take into account that forums are the safest way to find information, it is the most specific way to have better support. People should read a little more, or at least check on YouTube that it is the closest thing to anyone and that anyone can have access to.

[m2017]

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

What happens is that the information is very varied, most of the media are quite radical, most of them do not speak very well about BTC and this is something that people take into account, especially those who do not know much of BTC and that they only find information through newscasts.

Sometimes you have to take into account that forums are the safest way to find information, it is the most specific way to have better support. People should read a little more, or at least check on YouTube that it is the closest thing to anyone and that anyone can have access to.

Yes it is. If the media is not crypto topics, then they usually speak about bitcoin as an extremely volatile, risky and unstable toy for "mommy's investors". Not surprisingly, the mainstream media is most often biased towards bitcoin (due to the influence of governments, we already know about their dislike), most often they speak about it not from the best side. Usually, they are mentioned with sharp rises and falls in prices. Of course, completely without mentioning the advantages of the opportunities that bitcoin gives.

Until a person himself starts looking for the information he needs, then no media will provide him with it in finished form.

Limited, superficial presentation of information media or media, as well as exposing bitcoin from an unsightly angle, scares off some people. But some of them could contribute to mass adoption (by applying or accelerating it in various areas and fields of activity with which these people are associated), learn a little more about bitcoin. Therefore, it seems to me that the media or other information resources have a negative impact by slowing it down. Only portals like this forum allow people to get reliable information about bitcoin and I believe that the path to mass adoption should begin here.

[Doan9269]

The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

your idea is pretty good, government is one of the major hindrance to that, but despite they interference bitcoin never loose value in the eye of it investors but instead it keep going further in adoption, we could see that despite the triving force for the adoption of bitcoin by individuals, it has recorded a reasonable market vol and cap strong enough against any resistive force, government could have play a major role in increasing the adoption rate but because of their inability to regulate the currency places a big bone stuck on their neck.

[bakasabo]

The bad part about bitcoin mass adoption is that those who are already in cryptocurrency communicate or socialize mostly with those who are in cryptocurrency also. Cryptocurrency community is a cycled community. People that are outside cryptocurrency bother much with their own problems, and dont want to spend much time learning new. Their better skip or avoid these "internet money", or "fake money" or "money used by criminals" (still a lot of people equate cryptocurrency to something illegal) and get back to what they do 24/7.

[dlightag]

The world are gradually developing into technology, which the younger once have to learn from the system and also the leaders of the country have to be inform about digital currency, using Bitcoin as a point of contact as a means of online payments, Buying, Selling, Fast, Transparent, And Secured. through the blockchain technology. Secondly our fathers, mothers and  elder's of the community has to adopt the system, by educating them and how it works, by so doing that, it require internet supply mostly in the village (Rural area) and that is most challenge and by having internet connection, the system can be easily to educate people around the world, just a matter of time, Bitcoin adoption we spread across the globe and the only advance is to put your seat belt tight, Buy Bitcoin + Hold = Moon.

[Welsh]

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.

I don't know, I think it was originally intended to replace a broken system. Well, maybe not completely replace, but to replace the trust factor that people tend to give even with their own money. Effectively, it was a dig at banks, and how people blindly trust them.

If it wasn't created to completely replace the current system, I do believe it was created to show the people that there are alternatives, which I would argue the goal of that has been achieved. Everyone now knows what Bitcoin is, they might not understand it yet, and I think that ties in with the original discussion, that mass adoption will only really occur if Bitcoin is made simpler to understand. Dumbed down if you will.

The biggest issues we see these days is the complexity, that creates uncertainty, and therefore in turn creates hostility. People generally fear what they don't understand. Bitcoin is something I do believe is subjected to that thought process.

But itself is meaningless. This "hodling lifestyle" works as long as there's a basic utility. And the only way you can utilize bitcoin is to use it as a currency. There's no other purpose. Period. It's a short term investment or a gold 2.0 or whatever you want, as long as it's useful in society somehow.

Right, which to be honest I do believe we've already highlighted the usefulness of Bitcoin. I mean, we've got hundreds, thousands of people who now know that trusting someone else with your wealth isn't exactly the greatness idea, especially when that's bit people in the arse before. Bitcoin basically gave people the choice of freedom, and while it might not suit everyone it does give you the choice, which you didn't have before. Well, technically you could not use a bank, and just use cash, however receiving money globally then isn't exactly easy. Bitcoin bridges that gap quite effectively.

Although, I do agree that it doesn't really matter what the use case is, as long a there is a use. For me, I don't ever see there no being a use for a currency which respects privacy, and being rather trustless.

[SirLancelot]

If the media is not crypto topics, then they usually speak about bitcoin as an extremely volatile, risky and unstable toy for "mommy's investors". Not surprisingly, the mainstream media is most often biased towards bitcoin (due to the influence of governments, we already know about their dislike), most often they speak about it not from the best side. Usually, they are mentioned with sharp rises and falls in prices. Of course, completely without mentioning the advantages of the opportunities that bitcoin gives.

Until a person himself starts looking for the information he needs, then no media will provide him with it in finished form.

Limited, superficial presentation of information media or media, as well as exposing bitcoin from an unsightly angle, scares off some people. But some of them could contribute to mass adoption (by applying or accelerating it in various areas and fields of activity with which these people are associated), learn a little more about bitcoin. Therefore, it seems to me that the media or other information resources have a negative impact by slowing it down. Only portals like this forum allow people to get reliable information about bitcoin and I believe that the path to mass adoption should begin here.

There is a good reason why media moguls would rule their news channels the way they want, they could just fire anyone who says things that they do not like, any editor, any anchorman, anyone who says the thing they do not want them to.

It means that anyone they hire will be a person who thinks the same way anyway, and media moguls have a good reason to hate crypto, mainly because it disrupts regular economy and builds an alternative one, making everyone equally rich, and that means they will not be able to enforce their views. Same reason why they dislike social media as well, and why they talk badly about it, it disrupts their news narrative to be proven wrong.

[Penelope Wheeler]

If the mass adoption means crypto currency taking over the traditional currency system as a means of payment, then that is still a far fetched dream. But we can see that many people, especially youngsters, are interested in crypto currency for both trading and investments. Crypto currency surely has a market of its own and will continue to stay strong whether it becomes universal payment mode or not.

[minime0105]

If the mass adoption means crypto currency taking over the traditional currency system as a means of payment, then that is still a far fetched dream. But we can see that many people, especially youngsters, are interested in crypto currency for both trading and investments. Crypto currency surely has a market of its own and will continue to stay strong whether it becomes universal payment mode or not.

You said is still far, but the lines of your statement wasn't completed, yes you are right but out of fear you snub what you had in mind to give as personal reasons. Bitcoin dominating the currency used by people before bitcoin being know, it is not easy and is not to stand ground any time soon. Despite that the world is now queue up into cryptocurrency, the traditional currency will remain valid and it will not be wiped out, the prayers of everyone is long life bitcoin but no competition with Bitcoin and traditional currency

[dunfida]

If the mass adoption means crypto currency taking over the traditional currency system as a means of payment, then that is still a far fetched dream. But we can see that many people, especially youngsters, are interested in crypto currency for both trading and investments. Crypto currency surely has a market of its own and will continue to stay strong whether it becomes universal payment mode or not.

It could never able to replace the traditional currency system that we do have considering that it had been existed for ages or since from the beginning but doesnt mean that crypto wont be that relevant.

Speaking about speeding up mass adoption then just let the process or things do come normally because we do know that each country does have different stance or impressions towards bitcoin or crypto as a whole.

For now the best thing to be done at least is to spread up into some friends or some people about its existence but it depends because there are some who doesnt really care.

[Luzin]

Speaking about speeding up mass adoption then just let the process or things do come normally because we do know that each country does have different stance or impressions towards bitcoin or crypto as a whole.

Although the World Bank and the IMF reject bitcoin as a currency of money, they cannot prohibit a country's right to determine its official means of payment. Including bitcoin officially used by El salvador for payment. They can only give punishments that come from the IMF or the world bank. So at least the development of Bitcoin has been so fast, and it will continue to grow the countries the world has known it. It remains only how later they will take, because the decisions in government are made by the state. The most important thing is not to make bitcoin's image bad.

[topman21]

We all need to think a little update to speed up the mass adoption of Bitcoin.If we can talk about this on various media channels on YouTube and record videos, then one day people will fall in love with Bitcoin.And if we decide to talk a bit about Bitcoin as an optional subject in school and college, the mass acceptance of Bitcoin can be increased.

[Slow death]

in my opinion, for bitcoin to have mass adoption, this is something that happens naturally, it is enough for each person to keep telling his relative, his friend and his neighbor about the existence of bitcoin and then each person needs to convince the regulators , economists and politicians in your countries about the benefits of bitcoin and when politicians put good laws on bitcoin then we will start seeing mass adoption, of course we currently have mass adoption, but the current problem is that bitcoin is not growing in terms of legalization, it's been years and every year that passes I don't see more than 1 country saying they legalized bitcoin, that is, we have a mass option that consists of having many trades and investors who are doing hodl, but not we have many countries that have legalized bitcoin, so we don't see many countries paying salaries in bitcoin or allowing people to pay water and electricity bills with bitcoin

And if we decide to talk a bit about Bitcoin as an optional subject in school and college, the mass acceptance of Bitcoin can be increased.

I think this could be included in some economics course in college maybe on how to make some risky but smart investment, but for that it would be necessary for bitcoin to be legalized in such a country

[dataispower]

We all need to think a little update to speed up the mass adoption of Bitcoin.If we can talk about this on various media channels on YouTube and record videos, then one day people will fall in love with Bitcoin.And if we decide to talk a bit about Bitcoin as an optional subject in school and college, the mass acceptance of Bitcoin can be increased.

Those of your point is what makes bitcoin to be widespread. Bitcoin is already adopted in most of the high countries. So what is we are looking at is the local adoption of bitcoin from uncivilized countries were information of any thing will be difficult before reaching to the people staying or living in locals and interior part of the country. The acceptance of bitcoin is now dominating some digital currencies that is the platform before bitcoin. Since we are talking of the way bitcoin can be speculated and get adopted, the way forward is through social media and testimony of what bitcoin has done in our lives with that people will welcome bitcoin

[uneng]

The community is waiting for the world to accept bitcoin to be used everywhere. Maybe it's worth trying actions that will speed this up? For example, encouraging buyers of your store's products or providing car repair services. You can offer a discount if pay in bitcoin. This will be beneficial for the buyer, and you get BTC for your purchases from other people, too, at a discount, or in a pinch, leave it as an investment.

Donation + discount when paying in BTC can be combined. Discounts could encourage people to use bitcoin and bring mass adoption closer through more users. In the end, BTCitcoin should circulate in society / economy, like blood in a living organism, and not stagnate and stale.

What can you say about this option? Will it be legal to use it?

I agree with you in many points of your text, and indeed, that is something that could be done by bitcoin enthusiasts on their businesses to spread adoption. Actually, it would be great if businesses daily demanded by the masses used the strategy of discounts when paying with bitcoin, you mentioned above. Imagine a big supermarket doing this. The impact would be huge and at least 50% of customers would start using bitcoin immediately!

Regards it, for now there is nothing the government can do in most countries, because there isn't a legislation over bitcoin and cryptocurrencies in general yet. It's gray area and people can't be forbidden using it for payments. However, by the end of this or next year there must be a new set of laws coming into action to regulate this market (in my country).

Once it happens, then I really don't know how harmful it's going to be for big businesses to adopt bitcoin. For the small ones it doesn't make much difference, because they are below the radar and can deal with their customers informally.

[Captain Corporate]

If we all started to use debit cards filled with bitcoins and start using it everywhere and create a viral social media movement out of it, then we could increase it a lot? I mean social media has done a lot more for stuff that are a lot less, why would we worry about the current situation right now as impossible? Just go on all social media, instagram, mainly reels, twitter, tiktok and what have you and start using bitcoin debit cards everywhere you go with some hippy and trendy hashtag and you got yourself a massive adoption, places will start to accept bitcoin by the bulk just to be part of that trend and get paid while doing it.

[19Nov16]

The role of the government in my opinion is very important, whatever we do if the country is still banned bitcoin will certainly fail, the thing we can and easily do is invite friends or family for investment bitcoin, if the user continues to increase then many companies will automatically make applications so that bitcoin easy to use.

[FanEagle]

I know I sound like I keep repeating myself, but if you read up from the past, you know that the adoption of mobile payments is the way to go. We have a ton of exchanges, the most commonly known are binance, coinbase and crypto.com websites. Instead of having like debit cards or anything, just have mobile phone apps that you could pay from, like read a QR code to pay type of stuff.

This may not be common in the world right now, but I guarantee you 100% that we will no longer have POS machines in the future, all banks will move towards shops having tablets with bank app and qr code to get paid, and people will pay via mobile phones with bank app by reading the qr code, get in there as an exchange and help people pay with their exchange app instead of bank app and you will get adopted rapidly.

[virasog]

The most important thing to do to speed up the Bitcoin mass adoption is to get the world to acknowledge the importance of Bitcoin and its potential to revolutionise the world.Once it is acknowledged and legalised by governments,people might automatically start buying bitcoins.

We cannot depend upon the governments to do everything to make bitcoin legal and get people's awareness about bitcoin and cryptocurrencies.
If we want bitcoin to become a global currency, every one of us has to play a part in bitcoin's mass adoption and awareness. In order for us to speed up the bitcoin transactions, we can teach about bitcoin to the people in our surroundings.