What can we do to speed up Bitcoin mass adoption?

[DapanasFruit]

The idea of using the concept of donation can be a good alternative however this is not as easy as 1,2,3 because when you donate something you are not supposed to get something in return especially physical products. Of course, not unless the "seller" in the transactions will also be donating his goods to you so maybe you are donating to each other. Still, because this is a gray area the government can still come in to legally define the whole transaction for what it really is according to the view of the state.

I am glad that here in my country we don't have that much legal hindrance for anyone to use Bitcoin as a medium of payments but the problem is the famine of merchants or businesses that are accepting BTC...on the other hand not many merchants are accepting BTC because of the low volume of business involved so here we are back to the question of the chicken and the eggs. Still, crypto enthusiasts here in my country are happy with the way things are - less governmental interventions, as of now.

[Luzin]

To speed up Bitcoin adoption, we'll need to start talking about Bitcoin importance and how it can help as a way of long time investment. Many people that ignores any thing or words about crypto may have been brainwashed about the disadvantage of holding Bitcoin like when it comes to volatility, instability and other factors. We need to is increase Bitcoin adoption by educating people about it.

The biggest obstacle is the regulatory issue. There is no clear regulation making it only limited to certain environments. Regarding increasing understanding through education it can happen but regulatory barriers become a society has a fear. In addition, the ability of human resources is still a major factor in conducting education. In addition, people's views on crypto are sometimes inferior to negative news from the media. It makes a bad look, which makes them lazy to learn more. Maybe they will be more interested if you offer them to increase money through bitcoin. I am sure after that they will learn more about bitcoin.   

[Lucius]

Considering that there are not so many buyers with bitcoin (if don't consider examples with countries like Lucius's ), then why not offer a discount?

The specific examples I have shown have no initiative to promote cryptocurrency payments over other methods, but there are examples from my country where sellers are going in the direction of offering a certain discount if the buyer pays with cryptocurrencies.

This store did not have this approach before, but now they offer a 10% discount on regular prices if paid with crypto, but they offer the same discount on cash - but at least we can say that both methods are equal. However, there are those who still want to attract customers to pay with crypto, so the best pizzeria in my country (in the top 50 EU) offers as much as 30% discount on Wednesdays (I hope the offer is still valid)🍕

[m2017]

Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.

Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.

More education, better support, more adoption, brighter future, higher price.

Yes, of course, you are talking about important things, but people first of all need an incentive or motive (I hope most here distinguish one from the other) for this. There is no way people in the world will seek to gain knowledge of bitcoin without good reason. At one time, cryptopunks were driven to this by the desire to gain financial freedom from the traditional financial system and banks. This was the motive. The incentive for people to learn about bitcoin can be the example that everyone here must be fed up with by now, about the discount on bitcoin purchases. If there is a benefit, it will push for use. The same thing happens with investing.

Considering that there are not so many buyers with bitcoin (if don't consider examples with countries like Lucius's ), then why not offer a discount?

The specific examples I have shown have no initiative to promote cryptocurrency payments over other methods, but there are examples from my country where sellers are going in the direction of offering a certain discount if the buyer pays with cryptocurrencies.

This store did not have this approach before, but now they offer a 10% discount on regular prices if paid with crypto, but they offer the same discount on cash - but at least we can say that both methods are equal. However, there are those who still want to attract customers to pay with crypto, so the best pizzeria in my country (in the top 50 EU) offers as much as 30% discount on Wednesdays (I hope the offer is still valid)🍕

It pleases that my idea came to the mind of the owners of this pizzeria. Actually, it's quite simple. It was about this method of stimulating buyers with crypto that I was talking about. Thank you for sharing this example and I hope it inspires others to follow suit.

[RealMalatesta]

We couldn't expect Bitcoin Mass adoption, however, we can't disclose any possibility that it comes in the future. I actually ask some people regarding Bitcoin and to ask what they know about this, I'm glad they heard this word but I'm sad hearing from them saying it was a scam. I could see that the only way to mass adoption is to eliminate the negative mindset of the people first. And showing them the benefits we got from this will help to enlighten their minds and change.

Unfortunately, it used to be called a scam a lot more. I have been here long enough and during 2015-2016 it was called a scam a lot, and before 2015 it was called "drug money" and that was a sad period. Glad we are over that period now and people see it more of a legit investment these days.

I am sure that just like how we have found a lot more people who think of it as a legit investment compared to 5+ years ago, we can do that again and again each 5 years and keep growing our numbers. It will not be easy or quick, but it could happen. Asking people if they accept bitcoin is definitely a great start, would definitely help getting the name out and making shop owners think they could make a good profit from it.

[Ale88]

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.[/quote]
My idea is that the mass adoption will be faster when big online businesses will start accepting bitcoin. Sure, it would be nice be able to pay your mechanic or your gym with bitcoin, but how many people use those services? Only those who live close by, but everybody can use an online service. If just few big players will start accepting bitcoin then it's gonna be just a matter of time before the others will follow, pretty much like it happened with big companies buying bitcoin.

[TimeTeller]

We couldn't expect Bitcoin Mass adoption, however, we can't disclose any possibility that it comes in the future. I actually ask some people regarding Bitcoin and to ask what they know about this, I'm glad they heard this word but I'm sad hearing from them saying it was a scam. I could see that the only way to mass adoption is to eliminate the negative mindset of the people first. And showing them the benefits we got from this will help to enlighten their minds and change.

Unfortunately, it used to be called a scam a lot more. I have been here long enough and during 2015-2016 it was called a scam a lot, and before 2015 it was called "drug money" and that was a sad period. Glad we are over that period now and people see it more of a legit investment these days.

I am sure that just like how we have found a lot more people who think of it as a legit investment compared to 5+ years ago, we can do that again and again each 5 years and keep growing our numbers. It will not be easy or quick, but it could happen. Asking people if they accept bitcoin is definitely a great start, would definitely help getting the name out and making shop owners think they could make a good profit from it.

One way to increase adoption is for the merchants to accept crypto payment.
So for example, if you own even a small business, you can always add crypto as payment method.
In your own little way, you are promoting crypto adoption. You can also endorse this method to your colleagues and others.
Hard to target massive adoption but you can always be a part of it. Being in this market, will give you insights that are pro-crypto.
Up until now, a lot of people just heard about bitcoin but they haven't experienced transacting with it.

[Finestream]

Education for the people is key. It helps them to know lies from governments, central banks about Bitcoin and cryptocurrency. It helps them to realize value of Bitcoin and its role in the world for people freedom and prosperity in finance.

Without knowledge, understanding on Bitcoin and experience in the market, with Bitcoin wallet, address, transactions, people will never actually understand what Bitcoin is by themselves.

More education, better support, more adoption, brighter future, higher price.

Adoption should start in ourselves and we can never totally adopt bitcoin if we remain also naive and ignorant about the facts of bitcoin. Certainly yes, having the right education should be the best start to speed up bitcoin mass adoption. By talking about crypto around you can already speed up the awareness of everyone. And bitcoin being acknowledged and fully regulated by the states could also lead to mass adoption in the future knowing its more legal and protected by the government.

[Vaculin]

Well I think we can do a lot to push Bitcoin mass adoption, to the world, but I would suggest we do it subtly, because let's be honest the newbies entering crypto-currency are losing the very basis of it.
I believe many of them  are not being tutored well, before they come, on board. So if we are to promote Bitcoin and crypto-currency let's all do it in a way that, that we can give newbies a chance to understand that crypto-currency isn't a get rich quick scheme.

The hardest part of bitcoin is to start knowing it in a wrong and negative way. Newbies often misinterpret what is bitcoin all about but more of a get-rich-quick scheme. This is the reason why so many newbies doom to lose in bitcoin  because they learn it the wrong way.

One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.

[S A KHAIR]

Well I think we can do a lot to push Bitcoin mass adoption, to the world, but I would suggest we do it subtly, because let's be honest the newbies entering crypto-currency are losing the very basis of it.
I believe many of them  are not being tutored well, before they come, on board. So if we are to promote Bitcoin and crypto-currency let's all do it in a way that, that we can give newbies a chance to understand that crypto-currency isn't a get rich quick scheme.

The hardest part of bitcoin is to start knowing it in a wrong and negative way. Newbies often misinterpret what is bitcoin all about but more of a get-rich-quick scheme. This is the reason why so many newbies doom to lose in bitcoin  because they learn it the wrong way.

One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.

They don't learn the wrong way, actually, they are too lazy to learn about bitcoin.
Excessive greediness is another reason for their loss. When they see a double money-back guarantee. 3x, 4x, 5x money-back guarantee they fall into greed and invest to take easy profit, don't judge about the project and the people who behind of that and fall into their trap.

Yes, I'm fully agreed about the 2nd part, Don't rely on the Govt for every job, we need to promote bitcoin by our own way and make people aware of Bitcoin and blockchain systems.

[Questat]

Well, it is through ^[awareness].

Well, the situation is awareness can't be enough to justify the usefulness of Bitcoin for us, some people don't really see it, they instead keep their negatives mind playing on them. Education is somewhat we need, teaching blockchain technology and cryptocurrency in school could enlighten their minds and they could really understand it clearly. Social media can't really be trusted, it only creates misconceptions as some influencers did to fool people with their wrong ideas.

[Kasabus]

It's actually not that easy to encourage merchants in stores by suggesting they accept payments via Bitcoin. Here unless the merchant in the shop is a bitcoin lover. Maybe once in a while, if you really want to try it won't be too risky. However, keep in mind that the rules of a country that only allow one legal currency to be used for transactions will definitely be bound by that law. Because generally in some countries Bitcoin is only considered as an investment alternative that is equated with gold, stocks, and other types of digital asset investments. So that the transaction process outside the stock exchange that has been prepared by the government is clearly not allowed.

Bitcoin mass adoption will be always be hard if we skip with the very basic and certainly, the most important thing to do first. For me, let there be recognition from the government first that bitcoin is legally adopted and fully regulated so that all merchants will be encourage to accept bitcoin as a legal payment. Not that it will replace the official currency, because that won't be possible, but accepting bitcoin as an alternative payment method. From then on, buying and selling with bitcoin will become an easy routine that will definitely help to speed up its own adoption.

[Oceat]

Well, it is through ^[awareness].

Well, the situation is awareness can't be enough to justify the usefulness of Bitcoin for us, some people don't really see it, they instead keep their negatives mind playing on them. Education is somewhat we need, teaching blockchain technology and cryptocurrency in school could enlighten their minds and they could really understand it clearly. Social media can't really be trusted, it only creates misconceptions as some influencers did to fool people with their wrong ideas.

Well, for some people who doesn't want to get fooled by the social media I find it effective if they find a legit group that discussing about what are the basics of Bitcoin. If they can't find it in a group or unable to well, we still have Google on the internet, they should see this forum or the reddit forum as their source of information. It's always better if you do all by yourself the research and not relying on someone who might have mislead you to the core information. That's why always do your own research first.

I agree that adoption of Bitcoin seems to be hard without the recognition of the government but at least it's still progressing in some other places or countries.

[EdenHazard]

Well, it is through ^[awareness].

Well, the situation is awareness can't be enough to justify the usefulness of Bitcoin for us, some people don't really see it, they instead keep their negatives mind playing on them. Education is somewhat we need, teaching blockchain technology and cryptocurrency in school could enlighten their minds and they could really understand it clearly. Social media can't really be trusted, it only creates misconceptions as some influencers did to fool people with their wrong ideas.

Not just the education , a proper education.

Even if the ecosystem has been well built .. when the one who use it uneducated properly ..
Things could get worse and the misleading theory would be everywhere.
Just like we witnessed thesedays in the crypto hype years.

[Lucius]

It pleases that my idea came to the mind of the owners of this pizzeria. Actually, it's quite simple. It was about this method of stimulating buyers with crypto that I was talking about. Thank you for sharing this example and I hope it inspires others to follow suit.

In today's world, every customer is important and the more payment methods someone implements, the more customers they will have, which is a fairly simple philosophy. I think that in the process, many are afraid of the volatility that Bitcoin has and do not want to take risks, and are not aware that there are payment processors that act as intermediaries. In doing so, I don’t think this is the ideal way to pay with BTC, but it’s hard to imagine that it could work any differently at the moment.

As I have already given some examples, is anyone maybe for haircuts and shaving, paying in BTC of course

[Oasisman]

One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.

That's one the many ways, If you mean improve the knowledge and experience is to teach people how Bitcoin works, I can say that's a good idea, but it'll take some time and resources to educate people about cryptocurrency or Bitcoin.
What I have in mind for faster Bitcoin adoption is the increase of merchants and services that accepts Bitcoin. It doesn't matter If government don't want to regulate it for the meantime as long as they are recognizing the use of Bitcoin. People will find out on their own why there were a significant increase of Bitcoin acceptance from merchants, supermarkets, and malls or even from your favourite coffee shops or fastfood chain.

[Mahanton]

One way to increase adoption for bitcoin is to improve the knowledge and experience of bitcoin users. Just like fiat, bitcoin should provide limitless borders for users experience and this will be fully possible if the government will legalize and regulate it in the first place.

That's one the many ways, If you mean improve the knowledge and experience is to teach people how Bitcoin works, I can say that's a good idea, but it'll take some time and resources to educate people about cryptocurrency or Bitcoin.
What I have in mind for faster Bitcoin adoption is the increase of merchants and services that accepts Bitcoin. It doesn't matter If government don't want to regulate it for the meantime as long as they are recognizing the use of Bitcoin. People will find out on their own why there were a significant increase of Bitcoin acceptance from merchants, supermarkets, and malls or even from your favourite coffee shops or fastfood chain.

Number of merchants and services would actually vary even though its not prohibited or banned on a particular country but if these merchants doesnt really like volatility and complexity of bitcoin or crypto as a whole
then they wouldnt really tend to touch it on the first place which is something not that surprising because this would be likely the case on where their first impressions once they do encounter or  engage with it
and thats why its better not to stress out yourself on how adoption would be faster because we would really be heading on that one because lots of factors would really be affecting it.

[AicecreaME]

I still mostly hold the opinion that bitcoin won't be used by the mass majority for payments any time soon. First, they need to know the importance of BTC as a decentralized and scarce asset that you can park a certain percentage of your net worth in. We're nowhere near having most people knowing that just yet, it's mostly still that BTC is a get-rich-quick scheme.

I agree with this. Bitcoin adoption won't totally mean that it would be end of fiat money system. Bitcoin is still on its early age, although it is already known that it has withstood the test of time. But there would be so much more waiting for bitcoin in the future. Surely, mass adoption would happen, but it would take some time to be done.

People need to grasp the idea of bitcoin, its nature, and how it works altogether. They must know the advantages and its disadvantages for them to utilize it on its full potential. If people would rush things, they won't really learn and probably they would hate it if things don't go the way they planned it to. Knowing the importance and its possible benefits, they could adjust to the things they would do.

Bitcoin isn't a get-rich-quick type of scheme and it would never be. It's just so saddening that most people view it that way, which is why most have a misconception on the duration of returns. Risk management is a must to avoid regrets.

Overall, i believe that mass adoption would happen. We don't really have to speed it up as it could cause disruption instead of doing good. Transition would take time and surely, it would coexist with fiat still.

[romeitaly]

Spread the word about the beauty of bitcoin, remember that it's in your best interest that you talk about it and at the same time make sure that people will keep bitcoin in mind. Or if you're a business, then you can support bitcoin by advertising that you accept bitcoin and other cryptocurrency as a payment. Even just using bitcoin is already enough to help with the cause.

[dezoel]

You do not have to do donations for it, just get it legally and you will be fine. There is no law that says bitcoin cannot be accepted as a payment of a service or a product, it hasn't been in a long long time. Just put a bitcoin accepted here and maybe if you want to give discounts give discounts and sell it with that. Then pay your taxes on that income like a regular citizen (even though we do not like to pay it) and you should be fine.

The adoption will came in when more places started to accept it, more places will start to accept it when it is less volatile or at the very least it would be easier to accept it and turn to fiat very quickly (or instantly).