What your ideas about bitcoin adoption in the future?

[Fawwaz wildan]

I am still very new to the bitcoin world and of course there are many questions I still need to ask this community about bitcoin to clear up any confusion.

Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?

[Wiwo]

Bitcoin has been around for just a few years and in the last decade ago that Bitcoin have being in existence, its relevance and functions have been widely adopted by individuals as a p2p means of making payments and transaction this independent functionality of Bitcoin has made much Central Government view Bitcoin as an anti-law currency because Bitcoin is designed in a way that it can not be controlled by the government and this has been the major challenging points for Bitcoin global adoption. But even though many countries around the world term Bitcoin as an illegal currency the truth remains that the citizens are still dealing with Bitcoin as a p2p alternative currency. So I believe shortly some other countries are going to reason in the positive direction and adopt Bitcoin just like El Salvador and the Central African Republic that have adopted Bitcoin already.

[TheNineClub]

The most important thing is that the adoption isn't rushed, and is organic rather than manufactured as it seems right now. People are rooting for adoption like it will resolve everything, but adoption is not only governments adopting crypto, it's also people doing the same and actually using BTC as a valid payment source, not just an economically unstable country buying a bunch of BTC and thinking it's a get out of jail card.

[Stalker22]

Bitcoin usage will continue to increase as we start to put more pressure on the current financial system. We are definitely headed towards a future that is very different than the one we live in today. Bitcoin adoption will not end in 2022, but its adoption will gain momentum in the years to come. The Bitcoin blockchain, and the technology of the crypto-economy, will continue to mature and evolve, and this will impact the way we interact with the "digital" economy in the future. As a result, the increased Bitcoin adoption in a traditional environment will help to pave the way for future adoption in new and innovative ways.

I think the Bitcoin economy has the potential to play a positive role in the world economy. Unlike fiat currencies, Bitcoin has no central authority that can devalue it or inflate it to save their own corrupt sectors. I think this is the true advantage of the Bitcoin system. Additionally, Bitcoin is significantly more resilient to national bank currency crises and there are more free-market banking alternatives in existence to improve the efficiency of the system.

[Fawwaz wildan]

But even though many countries around the world term Bitcoin as an illegal currency the truth remains that the citizens are still dealing with Bitcoin as a p2p alternative currency. So I believe shortly some other countries are going to reason in the positive direction and adopt Bitcoin just like El Salvador and the Central African Republic that have adopted Bitcoin already.

Of course, this will vary from country to country, but that doesn't necessarily make bitcoin an illegal currency. Bitcoin as far as I know can be traded and transacted anywhere and anytime, even if it is banned then I don't think the government can afford to ban decentralized networks. Bitcoin is a commodity asset in my country, it is tradable but cannot be used to legally pay for goods or services.

The problem is, have you ever thought of new ideas for future use cases, such as receiving a salary in bitcoin at your workplace or maybe as a means of payment for public transportation?

[milewilda]

I am still very new to the bitcoin world and of course there are many questions I still need to ask this community about bitcoin to clear up any confusion.

Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?

When you do have a business and tending to accept crypto then it would be possible as long your country doesnt prohibit or banned bitcoin or crypto as a whole or simply we can say that they are still in neutral phase then you could actually do that plan of yours but if not then you should avoid since you know on what would be the penalties or violation. We are still on a decades existence even though we cant assure
on what the future looks like when it comes to payment options but as we can see on how it do progress out then we could really say that it does have the potential.
Bitcoin adoption in the future do surely looks bright but of course always take consideration on minding about the risk.

[Oluwa-btc]

Football Mate! I have fantasies about it every now and then, Envisaging who would be the First Footballer to be signed with Bitcoin and how much Bitcoin that player would be worth. Which football club will use Bitcoin as a means of payment also.

At times I feel like the FIFA World Cup can be a good place for Bitcoin to get it's awareness it deserves, using Bitcoin as payments for First runner's, second runners and also third. If it can also be used to purchase tickets for the world Cup.

Lastly, I borrow books once in a while from the library, I know there is Gon be a possibility but, not at the moment. I want Bitcoin to be used as a means of payment in the library for subscription and also payments. Finally, I hope to see Bitcoin as a Legal Tender in My Country Nigeria!

[passwordnow]

The problem is, have you ever thought of new ideas for future use cases, such as receiving a salary in bitcoin at your workplace or maybe as a means of payment for public transportation?

It's part of its use case. There have been companies or freelance markets that do issue and pay their workers with bitcoin. That's not actually a new thing and it's just part of bitcoin as a use case.
You'll see those coffee shops that have QR codes if you want to pay them bitcoin. Honestly, IMO, we're just getting started and more merchants and stores are starting to become open to it as a payment and that is because they like the idea of owning bitcoin. They'll get paid by it and then they hold it as an investment.

[jackg]

There aren't many places where bitcoin is illegal, having a country not accept a currency as legal tender doesn't make it illegal to be used (or did you mean both weren't an option in your country).

It's hard to put enforceable borders on the Internet/almost impossible and these sorts of laws will force cryptos to adapt to them I think (instead of being completely illegal somewhere, new systems might be rolled out by individuals there to offer a representation of cryptocurrency while remaining legal).

Paypal's last ceo was very against crypto and were beaten by a lot of payment processors to implement it - this could happen to countries as lots of international currency transfers are expensive compared with crypto fees.

[usekevin]

Now the demands of bitcoin was reduced due to the reduction in bitcoin price.But in parallel,new people was get into the crypto currency.Specifically they make some investment in the bitcoin.So the bitcoin had good future by considering as an asset.It also had great scope by the mean of stock market trading.

[Mr.right85]

Just as you've stated in OP, it is an evolving currency and a lot of these doesn't just happen, it would take a great dela of time to standardise to attain world wild usage.
Bitcoin is yet to be used or accepted by halp the population of the world as we have it now but, I I optimistic that it will. 2years ago, we didn't have any country to have adopted or legalised it for a legal tender until El-Salvador came up, now we've got Central African Republic and as time goes by, a few others would follow suit. Everyone of these adoptions as it continues to come by brings us closer to a global adoption.

One of the concerns that has made this global adoption an issue is the volatile nature of bitcoin and I think, as we come closer to exhaustion as bitcoin is a limited/scares commodity, the issue of volatility would be solved and we would have bitcoin  for a currency.

[sheenshane]

But the truth is Bitcoin adoption as of now not as a means of payment, Bitcoin adoption is storing the value that holders can make a profit in a certain time.
I doubt this becomes crucial now, when those big holders drop their bags and sell all their Bitcoin have, it will surely have an impact on the market which dropping the price.  

However, the awareness has continued to spread and there are some stores now accepting Bitcoin, recently the US added more Bitcoin ATMs which means the demand of the buyers has been there.  So I expect that there are massive Bitcoin adoption in the future, in fact, we have a few countries has been starting Bitcoin makes a legal tender.

[TimeTeller]

But the truth is Bitcoin adoption as of now not as a means of payment, Bitcoin adoption is storing the value that holders can make a profit in a certain time.
I doubt this becomes crucial now, when those big holders drop their bags and sell all their Bitcoin have, it will surely have an impact on the market which dropping the price.  

However, the awareness has continued to spread and there are some stores now accepting Bitcoin, recently the US added more Bitcoin ATMs which means the demand of the buyers has been there.  So I expect that there are massive Bitcoin adoption in the future, in fact, we have a few countries has been starting Bitcoin makes a legal tender.

Right now, we can't expect a lot of merchants accepting bitcoin in their payment method.
However, the numbers are increasing already. But for some holders, they won't spend their satoshis but instead hold it.
It is true, most of btc holders are treating this as investment, where they can exchange it with good profits in the future.
But if there will be merchants available, some of these crypto users will use their services, mostly for convenience purposes.

[Vaskiy]

But the truth is Bitcoin adoption as of now not as a means of payment, Bitcoin adoption is storing the value that holders can make a profit in a certain time.
I doubt this becomes crucial now, when those big holders drop their bags and sell all their Bitcoin have, it will surely have an impact on the market which dropping the price. 

However, the awareness has continued to spread and there are some stores now accepting Bitcoin, recently the US added more Bitcoin ATMs which means the demand of the buyers has been there.  So I expect that there are massive Bitcoin adoption in the future, in fact, we have a few countries has been starting Bitcoin makes a legal tender.

Right now, we can't expect a lot of merchants accepting bitcoin in their payment method.
However, the numbers are increasing already. But for some holders, they won't spend their satoshis but instead hold it.
It is true, most of btc holders are treating this as investment, where they can exchange it with good profits in the future.

The priority is much towards investment than as a currency for daily needs. More number of people getting into cryptocurrency usage understanding the growth of bitcoin over the years. As said the adoption is happening in a slower way and this is really good for the market than getting pushed all the way. Nowadays there were some promotion about bitcoin, from firms that use bitcoin a tool. Apart from that there is no kind of promotion which is the real success.

[stadus]

Bitcoin is a new type of currency that is constantly evolving. Many new ideas about its use as a means of payment will be discovered and perhaps this revolution will continue to escalate. Here in my country bitcoin is not a legal tender, but I know that some of you may have used it as a means of payment for goods or services. As for new ideas, I think of a few but the fact doesn't directly allow me to legally adopt them as doing so would be against the law. How about you, do you have any good ideas for future bitcoin adoption?

That is literally against the Law in your country and that was illegal but the good thing about Bitcoin is the government doesn't have any control over it and we can manage to use this for online purchases ( or investments). If someone will ask you about it, you can simply deny it, nobody will try to seize your Bitcoin unless you have been involved in a crime. Just continue using it mate, I actually use this as payment as well but most of the people around considered this as an investment, not a currency because of government conflict and establishment accepting this.

[Captain Corporate]

There have been two that I have been supporting for a very long time and I do not think that it will change anytime soon. One of them is the legal tender route, we are going to end up seeing a ton of more nations that will make it a legal tender for sure, there is no denying that. Second one is getting the machines to accept it, we use credit cards and even our mobile phones these days to pay and why not have bitcoin related product for that? It looks like we are going to end up going head to head with the banking industry over it, but there is absolutely no denying that it could be technically possible even today, so why not better in the future.

[Kelvinid]

It can be soon legal in your country and accepted by some establishments.
As we can see, many countries are legalizing this which means many people are using this now as a mode of payment. However, it can't be denied that the majority are still considered this as an investment knowing that fact that we can generate huge profits from this. Yes, adoption will take some time, and using Bitcoin to purchase some stuff or bill payment remains an option.

[KennyR]

Recently I made the number of countries that have legalized the usage of cryptocurrencies in Asia. Among the 48 countries around 10 countries have legalized the usage. Quite a few have restricted it's usage. Remaining countries haven't made any decision whether the usage is allowed or restricted. But, it is possible to see people using cryptocurrencies on all this 48 countries. Amidst the regulation and other factors the usage keeps counting and the same will pave way for increasing adoption.

[Fundamentals Of]

I think you should somehow clarify your statement that "Bitcoin is a new type of currency that is constantly evolving" especially if you are referring to things that are external to the Bitcoin's protocol or Bitcoin's rules. This might be misunderstood by many that Bitcoin itself could change its rules as time passes by. Related to this, there was actually this contentious question whether the fixed supply of Bitcoin could be changed. It can't be changed.

Bitcoin-related apps, software, wallets, other layers, and other services and products may evolve and change but they are not Bitcoin.

[Biscutard]

I think you should somehow clarify your statement that "Bitcoin is a new type of currency that is constantly evolving" especially if you are referring to things that are external to the Bitcoin's protocol or Bitcoin's rules. This might be misunderstood by many that Bitcoin itself could change its rules as time passes by. Related to this, there was actually this contentious question whether the fixed supply of Bitcoin could be changed. It can't be changed.

Bitcoin-related apps, software, wallets, other layers, and other services and products may evolve and change but they are not Bitcoin.

We can't clearly deny that we are going to a digital world someday and if this time will come, bitcoin will play a major role. Everything that we are going to invest has a corresponding value to market so it will make us think we should invest through apps related to Bitcoin. The plans of Bitcoin have been improving for how many years and we can't say they've disappointed us of the way they handle consumers.