What can we do to speed up Bitcoin mass adoption?

[LUCKMCFLY]

I think that one of the most effective ways is to reach people who live in countries with very high inflation and where their economy is in constant decline, why? because people always look for the best alternatives in order to have a better life and the good life is achieved by having money, and the best thing is to reach those people from those countries because even if they don't have the money for the investment of BTC they will look for it and they will be able to buy without thinking about it, especially if they realize that at any moment the BTC can go up in price. and generate high profitability, this is a safe way to do it, what apsa is that there is a lot of ignorance in people and taboos that do not let them advance.

[Welsh]

I think that one of the most effective ways is to reach people who live in countries with very high inflation and where their economy is in constant decline, why? because people always look for the best alternatives in order to have a better life and the good life is achieved by having money, and the best thing is to reach those people from those countries because even if they don't have the money for the investment of BTC they will look for it and they will be able to buy without thinking about it, especially if they realize that at any moment the BTC can go up in price. and generate high profitability, this is a safe way to do it, what apsa is that there is a lot of ignorance in people and taboos that do not let them advance.

We all live in high inflation countries. Seriously, the cost of living has just been adjusted to an insane amount, and that's in developed countries. Poorer countries are feeling the crunch even more so. However, I do believe the potential of Bitcoin will be in those poorer countries, because its a way of getting money that isn't being restricted as much. Places like Africa I believe have a lot of issues with corruption, I'm saying that like we don't in the West, we definitely do, but to less extremes.

what you're saying is Bitcoin can go up at any time, however the same is true for the opposite effect. People putting money into Bitcoin, are taking a risk even if you deem it a small one. There's a risk to it, in another thread we were discussing the possibility of sanctions, and governments banning Bitcoin, while I'm not entirely sure that would benefit them or would happen, it is a possibility that it could happen, and would effectively reduce the price of Bitcoin for the immediate future at the very least.

[Viscore]

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.

I think everyone has heard about bitcoin, but they don't know how valuable it is, and are not aware that it can be a good currency and a good investment at the same time. So education is still highly needed so that the people will be fully aware about it. And once the government will legalize and accept bitcoin as an alternative to fiat, they can start to promote and speed up its adoption through using it regularly by simply buying and selling with bitcoin, and using it to trade anytime anywhere. And this will happen eventually if the government will fully regulate it.

[Hamphser]

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.

I think everyone has heard about bitcoin, but they don't know how valuable it is, and are not aware that it can be a good currency and a good investment at the same time. So education is still highly needed so that the people will be fully aware about it. And once the government will legalize and accept bitcoin as an alternative to fiat, they can start to promote and speed up its adoption through using it regularly by simply buying and selling with bitcoin, and using it to trade anytime anywhere. And this will happen eventually if the government will fully regulate it.

I believe the opposite thing but since most people are engage online then it is something that likely they are fully aware on whats the current trend and if they havent actually able to hear it out then sooner or later

they would really be hearing it out and its true that someone wont really able to do so just because of some several factors but speaking with adoption and recognition process then it would be happening naturally.
We've seen several merchants and countries that do accepts bitcoin or crypto as a whole even though there might be some factors affecting on slowing it down which its considered normal.

[2rj4k]

Bitcoin will be like gold. people will buy it for its value not necessarily for payment methods like fiat. I think the intention of the questions is really "When crypto will be mainstreamed as a payment method".

[m2017]

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.

Quite an interesting idea, which, unfortunately, I did not have. I agree, this philosophy looks very simple, but I suspect that it can be extremely effective.

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.

There is an assumption that volatility is decreasing and will be even less in the future. I think you are aware of this. If the exchange rate is more stable in the future, then this may attract those who were scared away by volatility.

I understand that the use of payment intermediaries allows the buyer to pay in BTC, and the seller to receive in the traditional currency, and all this is obtained more or less without violating the law. If almost none of the sellers knows about intermediaries, then by eliminating this drawback, you can get a working scheme.

[virasog]

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.

Not that easy because if bitcoin is not legal in your country then for sure it will be difficult for the general public to use bitcoin as a payment method. Anyone can complain to the authorities and he or she may face legal actions against them.

Also, you cannot pay taxes on bitcoin if it's not legal. Things are really complicated as usually people hide the cryptocurrency because they worry that legal action may be imposed on them for possessing illegal currencies.

[Minecache]

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.

Not that easy because if bitcoin is not legal in your country then for sure it will be difficult for the general public to use bitcoin as a payment method. Anyone can complain to the authorities and he or she may face legal actions against them.
Also, you cannot pay taxes on bitcoin if it's not legal. Things are really complicated as usually people hide the cryptocurrency because they worry that legal action may be imposed on them for possessing illegal currencies.

There are very few countries where bitcoin is illigal,
Most of the countries are neutral, they don't support bitcoin although they don't go against it too.
where it is illegal by law you can use it anonymously and can purchase for buying things from global websites.
yes, it is kinda sad that some 3rd class countries don't allow their people to use bitcoin, I don't know why! maybe their ignorance is the main fact in this case.
If you are never aware general public about it and if the general public will not express their interest in Bitcoin then Govt. will never force the lawmaker to legalize Bitcoin.
So, we should have to make people aware of bitcoin and its future in this new era.

[Newlifebtc]

What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent

[Agbe]

Residents of any country in the world can officially use only the national currency as a means of payment (if somewhere this is not the case, then correct me). Of course, you can pay in any other currency in a dark alley, if you agree, but the only legal means is always the national currency of the country of your residence. If you look at the situation from this point of view, then why would the governments of any country allow the use of bitcoin as a means of payment? Other currencies are not allowed, but bitcoin will be allowed. Why would governments suddenly be given such privileges for bitcoin? For me personally, this is obvious and my forecasts are pessimistic in this regard. The maximum, in my opinion, that they will allow is to officially invest in bitcoin and generously allow you to share % of the profits with them.



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

Huh! Is this an assumption, prediction or suggestion? If Bitcoin is accepted as an international or National use currency, it will affect the poor people in the country (ies) because 1bitcoin is more than 47 US dollar for almost all the countries in the world. And another this is that, the fiat Currencies are also doing what Bitcoin does, most for the online transactions. We all know that Bitcoin is for buying and selling of goods and services online only, and this the same function of Bitcoin can be performed by the fiat currency, so instead of adopting Bitcoin to be utilized in their countries, they promote their indigenous currencies base on the high rate of Bitcoin. Legality or not legality is not the main issue. Yes, it can be legalized, but can it move with the poor? Can the poor use it? We are talking about Millions not thousand. The elites will highjack the whole stuff and make the poor More poorer.

They can only adopt Bitcoin to support their fiat currencies but to abandone their Currencies will not be possible
That is not withstanding, base on the OP title, I have posted some of the ways crypto currencies (Bitcoin) is promoted. https://bitcointalk.org/index.php?topic=5391422.0

[Slow death]

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

the best way to accelerate bitcoin adoption would be if people in every country fight with politicians to make laws that are good for bitcoin, this is the only way to have mass adoption, merchants can only accept bitcoin payments if there are clear bitcoin laws in a particular country, companies can only accept to pay wages in bitcoin if they have clear bitcoin laws in a particular country. so everything depends on laws, without bitcoin laws we will continue to use bitcoin as just an asset to day trade or hodl, unfortunately we are not making much progress in this matter of getting many governments to create bitcoin laws

[LUCKMCFLY]

Bitcoin will be like gold. people will buy it for its value not necessarily for payment methods like fiat. I think the intention of the questions is really "When crypto will be mainstreamed as a payment method".

About a month ago I was also thinking that when people see that Bitcoin will be accepted worldwide, they will look for it like gold, but it will be more difficult to obtain it because if there is a lot of demand, the price will go through the roof, it will be like the best savings of people's lives, then as a payment method it will be the ideal but it will be as valuable as gold.

The human being behaves erratically most of the time, when the BTC drops in price, when it was at $36k people didn't buy much, but I'm sure that if these days the btc reaches $100k people would buy like crazy, I think that from here is the reason for my thoughts.

[retreat]

To be able to achieve mass adoption, the whole community must understand what bitcoin is, the best bitcoin wallet, how it works and what not to do during bitcoin transactions. after that is achieved, then we can open a shop or service and put the words there "accept payments with bitcoin".

[mildmanneredsuffering]

impossible. everyone that has been exposed to bitcoin knows it is and always has been a terrible relentlessly crashing monogod developer, fucknugget piece of shit. Id say its just a market making algorithm now that scalps users hopefuls and punters every time. its recorded history that bitcoin suffers regular and often horrendous crashing,  making it unfit even for negros or farm animals as a basis for strong and rewarding economics

[Ale88]

To be able to achieve mass adoption, the whole community must understand what bitcoin is, the best bitcoin wallet, how it works and what not to do during bitcoin transactions. after that is achieved, then we can open a shop or service and put the words there "accept payments with bitcoin".

So do you think that the whole world understands how the bank and credit card systems work? Or they simply use it because that's the easiest way (in their opinion) to store and spend money? If everybody needs to completely understand how something works before using it well, good luck with that.

[mildmanneredsuffering]

To be able to achieve mass adoption, the whole community must understand what bitcoin is, the best bitcoin wallet, how it works and what not to do during bitcoin transactions. after that is achieved, then we can open a shop or service and put the words there "accept payments with bitcoin".

So do you think that the whole world understands how the bank and credit card systems work? Or they simply use it because that's the easiest way (in their opinion) to store and spend money? If everybody needs to completely understand how something works before using it well, good luck with that.

or how about automobile engines, do they need to know all about how it works before they can drive a car? BTW would those in the know say bitcoin MM code is programmed more like a ford pinto or more like a land mine?

[Emitdama]

What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent

This is what I see right now on my social media page, screenshots of trading accounts showcasing how much they earn but I am not impressed with it, idk no why but instead what I feel is they are just scammers. It can give people a negative impression if we show them like that especially if they don't know you well.

Another thing why it's bad is because if people can't earn the same thing like you did, they will think crypto is a big ponzi. This can only damage the reputation of crypto but it would be better if we are going to be honest with them, tell them that it's not easy to make money in crypto and tell them that there are other uses of crypto.

[Marvelman]

What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent

But this is not adoption, this is trading. We have to give Bitcoin and digital currencies a mainstream appeal, and stop with the wishy-washy rhetoric of "crypto si going to make you rich". We have to stop marketing this as the "internet" equivalent of gold, and start marketing it as an equivalent of purchasing power.

Bitcoin's largest hurdle is the perception of the currency, it does not actually exist yet, and until there is confidence that people can use the currency, people will stay away.

[lalabotax]

What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent

It is not as simple as you think, brother. Sharing information about our profits on social media has been done by many people around the world. It is not a new way, many people already tried your idea to improve peoples' interest to use Bitcoin. So, I don't think this way will make a very significant impact on the adoption of Bitcoin. Bitcoin is no longer something new for people around the world.

[Lanatsa]

What we have to do to speed up Bitcoin adoption is to spread the profit you make in each of your trading on social media in order to attract more attentions, so with that Bitcoin adoption will increase from hundred percent to one thousand percent

It is not as simple as you think, brother. Sharing information about our profits on social media has been done by many people around the world. It is not a new way, many people already tried your idea to improve peoples' interest to use Bitcoin. So, I don't think this way will make a very significant impact on the adoption of Bitcoin. Bitcoin is no longer something new for people around the world.

With social media then it would really be spreading like wildfire specially that nowadays on where people do mostly spend their lives on looking at on their mobile phones which is impossible that they wont really able to

encounter about bitcoin or crypto but its just sad that people would only get interested on how to make money and not totally into their utility which is something normal for a human being to mind off that way.

Speeding it up? Just let it be because people would get interested if they would tend to but you could actually make out some small steps about exposure which would be starting on your loved ones.