Bitcoin adoption growing stronger everyday

[lalabotax]

I don't know if there is different between using of bitcoin and adoption of bitcoin. And my mind tells me that there are two different concepts, adoption means taking bitcoin as the acceptable asset or coin or money in one's financial dealings while using means buying and selling with bitcoin. Even though you not adopted bitcoin as a legal tender you can still use it to buy and sell therefore, I have not seen or heard of the increasing adoption of bitcoin every day as the OP said, but the uses of the asset increases every day and night. Apart from El Salvador and Central African Republic that have adopted bitcoin as a legal tender is there any other country again that I have not heard of it?

In my understanding, adopting BTC and using BTC are similar. People who use BTC for their investment or trading, means adopting BTC for themselves. I don't know about how much the increase of BTC adoption every day since no certain stats of it. However, if we look at the number of people who are involved in BTC, it is obviously increasing constantly.

The legal tender of BTC in El Salvador is just an example of BTC adoption, there are many other kinds of adoption. Don't think too complicated with the form of adoption, everyone adopts Bitcoin with their own way.

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[Cryptmuster]

You have revealed that people in your country are very interested in learning about Bitcoin. But you have expressed one of their problems, but you have not correctly expressed what the problem is. Maybe Bitcoin is not legal in your country. Bitcoin is being used stealthily. Bitcoin is legal in only a few countries in the world. But the people of the rest of the country are secretly using Bitcoin. As the popularity of bitcoin is increasing day by day in every country then the government of every country should give legitimacy to bitcoin. This will increase both the value and popularity of Bitcoin. And the youth unemployment rate in the country will decrease.

Why do you think that this somehow affects the unemployment rate in the country? If anyone has bitcoin now, there are many ways to cash it out, even if it means traveling to another country. And if someone has bitcoins, then this person is not poor and he definitely will not look for work after the legalization of bitcoin. So what is the essence of your words, what did you mean?

[RealMalatesta]

Why do you think that this somehow affects the unemployment rate in the country? If anyone has bitcoin now, there are many ways to cash it out, even if it means traveling to another country. And if someone has bitcoins, then this person is not poor and he definitely will not look for work after the legalization of bitcoin. So what is the essence of your words, what did you mean?

I do not understand what you mean, not everyone has ton of bitcoins enough to justify a nation change. I mean I have some bitcoins but if I wanted to move to another country to cash them out, I would not have enough money to buy the tickets to go there and come back. It means if there is a legalization of bitcoin in my nation (it is already legal) then it would be a lot better for me.

Unemployment and bitcoin has some connections but I do not know what that person meant, for me the reason is that you could make money from bitcoin but look "unemployed" on paper, I make my money from bitcoin but on paper I look unemployed as well, since I am not officially employed anywhere.

[Smartprofit]

Bitcoin, as a means of payment, has certain disadvantages. 

These disadvantages are due to the fact that the coins are not interchangeable.  There are white, gray and black (criminal) bitcoins.  The most valuable are new bitcoins just mined by miners.  Such coins are guaranteed not to have a negative illegal history. 

The Bitcoin blockchain is completely transparent.  The negative history of Bitcoin, which may have previously been used in dubious transactions, may provoke the seller of goods (works, services) to refuse to accept such coins as payment.

This is quite a serious problem.  This is an obstacle to accepting bitcoin as the main payment method.

[Picaflor]

actually I will not care about bitcoin being legalized or used as a means of payment by the government, because in my opinion the most important thing is that the government must allow its people to invest in bitcoin, yes, even if they have to pay taxes to the government.
and in my opinion, bitcoin is very difficult to make as means of payment, because the price is unstable, and maybe that's why the government doesn't allow btc to be used as means of payment.

1. The government is not needed for Bitcoin adoption.
2. It doesn't matter what they allow. You do your thing. If you want to pay with BTC to someone who is happy to accept it, there is nothing to get in the way. That's what Bitcoin was created for; to allow you to transact without the mafia's permission.

One thing you can do to help adoption is only allow BTC payments. If someone wants to pay you with fiat, you can say "Keep that poo to yourself, I only accept BTC."

I think that bitcoin is growing stronger in some ways, but as for mass adoption I think we still have a very long way to go.  After bitcoin came close to hitting 60,000, and then falling all way down to like 14,000 or 15,000 (can't remember) I think a lot of the people who bought it are non-finance people who know nothing about bitcoin and only did so because they heard they might be able to get rich.  I'm not sure they will ever come back so that worries me for adoption reasons.

People have the ability to learn. On average, their ignorance decreases over time.

[Lida93]

Bitcoin's adoption is like a disease that spreads quickly and if there will be some bodies(authorities) to stop it, they barely make it.

Before, bitcoin was introduced as a peer to peer payment but right now, we mostly see people adopt bitcoin not only for the usage of being a payment method but mainly as an investment, as an asset.

Just likened to the COVID-19 pandemic it started first from one country and later spread like wild fire to the different parts of the world. Though bitcoin isn't a deadly subject but in same way it started from one part of the world and now it has spread and still spreading unstoppably to the different parts of the world and it shall keep on defeating and defying all anti policies and authorities against it's acceptance. Despite it's suppression bitcoin acceptance is gradually but steady.

[mendace]

Just likened to the COVID-19 pandemic it started first from one country and later spread like wild fire to the different parts of the world. Though bitcoin isn't a deadly subject but in same way it started from one part of the world and now it has spread and still spreading unstoppably to the different parts of the world and it shall keep on defeating and defying all anti policies and authorities against it's acceptance. Despite it's suppression bitcoin acceptance is gradually but steady.

In the end, Bitcoin could truly become a disruptor for traditional finance, eroding its foundation every day, and it will likely be adopted sooner or later. At the moment, I would like to add that countries with greater financial difficulties, where the population is unbanked, have a better chance of adopting it imminently. On the other hand, industrialized first-world countries will likely resist the change, and Bitcoin will soon face a new opponent, namely CBDCs.

[serjent05]

[snip]
 NoteNo one can stop its adoption

Let us not lie to ourselves about no one can stop Bitcoin adoption. The only reason why Bitcoin adoption is increasing and still doing well in the market is that the governments somehow supported it.
If the whole government of the world wages wars against the use, investment, and mining of Bitcoin worldwide there's a high chance that Bitcoin can be stopped. This is the reason why some crypto enthusiasts once were working on having land/environment that will be only for the crypto enthusiast.

Please be informed that during the early days of Bitcoin, it is not supported by the government, instead government are somehow hostile to it.  It was just recently when (probably) the government noticed that they cannot stop Bitcoin from propagating that they act accordingly to the point of regulating centralized exchanges and other centralized crypto services in order to take advantage and control (at least) cryptocurrency.  So I believe, even without government support, Bitcoin will continue to grow.

[Iroh]

[snip]
 NoteNo one can stop its adoption

Let us not lie to ourselves about no one can stop Bitcoin adoption. The only reason why Bitcoin adoption is increasing and still doing well in the market is that the governments somehow supported it.
If the whole government of the world wages wars against the use, investment, and mining of Bitcoin worldwide there's a high chance that Bitcoin can be stopped. This is the reason why some crypto enthusiasts once were working on having land/environment that will be only for the crypto enthusiast.

I think the reason why bitcoin is still increasing and growing stronger isn’t the government. Rather it’s the people. The people that adapt and use bitcoin are the only reason why bitcoin is increasing in popularity and getting adopted on a daily basis.

The government were all against bitcoin in its early years and discouraged their citizens from using it. So they didn’t somehow support it. I think they’ve envisaged the future and they see bitcoin in it so they’ve decided to tag along rather unwillingly. Lest we forget, the government is only there cause of the people. If the people decide to use bitcoin, can the government actually fight the people? No they can’t.

[n0ne]

When something have got good in it, surely it'll be used. Maybe we can experience time delay which is due to the way things reach the low bottom of the people. The end users were the low bottom people and the real success too comes out of them. When they start using it, automatically the market turns strong. For now the adoption have happened good, along with increased acceptance and usage access.

Compared to the past now the opposition faced by bitcoin is very low. In the past we can often see the news of bitcoin banned by so and so countries. Now we can see news of specific countries were with the plans of legalizing bitcoin usage. The transition is massive and the same is making the changes.

[CryptoBuds]

[snip]
 NoteNo one can stop its adoption

Let us not lie to ourselves about no one can stop Bitcoin adoption. The only reason why Bitcoin adoption is increasing and still doing well in the market is that the governments somehow supported it.
If the whole government of the world wages wars against the use, investment, and mining of Bitcoin worldwide there's a high chance that Bitcoin can be stopped. This is the reason why some crypto enthusiasts once were working on having land/environment that will be only for the crypto enthusiast.

Please be informed that during the early days of Bitcoin, it is not supported by the government, instead government are somehow hostile to it.  It was just recently when (probably) the government noticed that they cannot stop Bitcoin from propagating that they act accordingly to the point of regulating centralized exchanges and other centralized crypto services in order to take advantage and control (at least) cryptocurrency.  So I believe, even without government support, Bitcoin will continue to grow.

The existence of bitcoin does not need government support, but we also need to ensure that they will not be hostile and all will not join forces against bitcoin for it to continue to exist and thrive. I still believe that if governments work together, stopping bitcoin will not be so difficult but with what's going on lately, they no longer intend to prevent it, but instead, they want to control it and profit from it. The government has realized the profit they will make from the huge taxes on the market.

[Popkon6]

Bitcoin has spread in this world like a virus. From 2009 to today, the popularity of Bitcoin has been connected with more than 600 people in the world. I believe that a larger group of people will get involved in the future as its popularity in the world becomes more apparent as everyone finds Bitcoin. Because we are involved with Bitcoin even though Bitcoin is illegal in the country we live in. And in countries where it's legal, almost all of the population is involved with Bitcoin. As the popularity and demand for Bitcoin increases, its price will increase.

[jayce]

Switzerland is one of the countries in the world that acknowledge the potential of Bitcoin and also support it

Yeah Switzerland is one of the most crypto-friendly countries in the world^[1] and even called as Crypto Valley with numerous big crypto startups. However unlike El Salvador, I think Switzerland doesn't consider crypto as a legal tender yet^[2]. Though, the government demands its people to report any crypto transactions they made and get taxed.


At some point, it's good to see that we can use our bitcoin in any city of Switzerland, that it could boost mass adoption. But, in the other side, I personally think bitcoin loses its essential purpose that make its user to get rid of any taxes, banks, and anything related to governments. Well at least it might make people life easier and more comfortable.



[1] https://www.cnbctv18.com/cryptocurrency/crypto-friendly-countries-as-of-2022-five-of-the-most-switzerland-tonga-portugal-singapore-slovenia-14758451.htm
[2] https://www.globallegalinsights.com/practice-areas/blockchain-laws-and-regulations/switzerland

[suzanne5223]

Let us not lie to ourselves about no one can stop Bitcoin adoption. The only reason why Bitcoin adoption is increasing and still doing well in the market is that the governments somehow supported it.
If the whole government of the world wages wars against the use, investment, and mining of Bitcoin worldwide there's a high chance that Bitcoin can be stopped. This is the reason why some crypto enthusiasts once were working on having land/environment that will be only for the crypto enthusiast.

Please be informed that during the early days of Bitcoin, it is not supported by the government, instead government are somehow hostile to it.  It was just recently when (probably) the government noticed that they cannot stop Bitcoin from propagating that they act accordingly to the point of regulating centralized exchanges and other centralized crypto services in order to take advantage and control (at least) cryptocurrency.  So I believe, even without government support, Bitcoin will continue to grow.

They may not support Bitcoin in the early days but they are not totally hostile to it if they do they would have created rules and regulations against its using trading and investment.
I will say it again, the government can stop Bitcoin if they want to. A simple ban on mining it, using trading or investing in it, and a severe penalty for anyone guilty of it is enough to do some damage to the Bitcoin market. I will say it the reason why this didn't happen because there are some celebrities and government who like Bitcoin although they may not step forward to say it to the public.

Let us not lie to ourselves about no one can stop Bitcoin adoption. The only reason why Bitcoin adoption is increasing and still doing well in the market is that the governments somehow supported it.
If the whole government of the world wages wars against the use, investment, and mining of Bitcoin worldwide there's a high chance that Bitcoin can be stopped. This is the reason why some crypto enthusiasts once were working on having land/environment that will be only for the crypto enthusiast.

I think the reason why bitcoin is still increasing and growing stronger isn’t the government. Rather it’s the people. The people that adapt and use bitcoin are the only reason why bitcoin is increasing in popularity and getting adopted on a daily basis.

The government were all against bitcoin in its early years and discouraged their citizens from using it. So they didn’t somehow support it. I think they’ve envisaged the future and they see bitcoin in it so they’ve decided to tag along rather unwillingly. Lest we forget, the government is only there cause of the people. If the people decide to use bitcoin, can the government actually fight the people? No they can’t.

Yes, Bitcoin is increasing and going strong because of its decentralization and support of the people but I think you're missing the fact or blind by Bitcoin's potential which doesn't cross-check that if all the government of the world is hostile against Bitcoin and place a ban with the inclusion of jail penalty for anyone that mine, buy, trading and hold Bitcoin the story will be different.
Do you think most crypto P2P trading executed on Binance and other CEX exchanges is something that's not known to the government? Ask people from China how things was after their government ban crypto.

[snip]
 NoteNo one can stop its adoption

Let us not lie to ourselves about no one can stop Bitcoin adoption. The only reason why Bitcoin adoption is increasing and still doing well in the market is that the governments somehow supported it.
If the whole government of the world wages wars against the use, investment, and mining of Bitcoin worldwide there's a high chance that Bitcoin can be stopped. This is the reason why some crypto enthusiasts once were working on having land/environment that will be only for the crypto enthusiast.

Please be informed that during the early days of Bitcoin, it is not supported by the government, instead government are somehow hostile to it.  It was just recently when (probably) the government noticed that they cannot stop Bitcoin from propagating that they act accordingly to the point of regulating centralized exchanges and other centralized crypto services in order to take advantage and control (at least) cryptocurrency.  So I believe, even without government support, Bitcoin will continue to grow.

The existence of bitcoin does not need government support, but we also need to ensure that they will not be hostile and all will not join forces against bitcoin for it to continue to exist and thrive. I still believe that if governments work together, stopping bitcoin will not be so difficult but with what's going on lately, they no longer intend to prevent it, but instead, they want to control it and profit from it. The government has realized the profit they will make from the huge taxes on the market.

This is my point and they didn't achieve the one voice to work against it and thanks to countries that supported Bitcoin that's why they switch regulations but they are still debating on it

[tjtonmoy]

Indeed, it's going to happen. Slowly but surely. Uncountable single water droplets came together in order to create the sea. If the nature works like this, they why can't the society?
This small news and action will form a world one-day in where bitcoin is the one and only currency. Small gestures like this could one day make it major. They first show resistance and in the end they accept it regardless. There won't be much time left for those country who banned Bitcoin to accept it as a legal currency if this adoption spread all over the world. And mark my word. No one can keep Bitcoin down.

[GeorgeJohn]

Bitcoin's adoption is like a disease that spreads quickly and if there will be some bodies(authorities) to stop it, they barely make it.

Before, bitcoin was introduced as a peer to peer payment but right now, we mostly see people adopt bitcoin not only for the usage of being a payment method but mainly as an investment, as an asset.

And that's not wrong, because its utilities can be seen and we can't deny that either or the two, it really is.

You are right, the main purpose while Bitcoin is been valuable in the society today it's because is an asset, many people who comes into Bitcoin today it's because of having more profit via their investment, in last five years people who values Bitcoin now have not had the interest of Bitcoin, so therefore it's obvious that the more the year are coming, the more massive adoption of Bitcoin, so i believe that Bitcoin have continuous adoption, because the advertisement of Bitcoin has gotten to the grassroots, so the adoption will be adding instead of reducing.

[tiCeR]

Switzerland is one of the countries in the world that acknowledge the potential of Bitcoin and also support it

Yeah Switzerland is one of the most crypto-friendly countries in the world^[1] and even called as Crypto Valley with numerous big crypto startups. However unlike El Salvador, I think Switzerland doesn't consider crypto as a legal tender yet^[2]. Though, the government demands its people to report any crypto transactions they made and get taxed.


At some point, it's good to see that we can use our bitcoin in any city of Switzerland, that it could boost mass adoption. But, in the other side, I personally think bitcoin loses its essential purpose that make its user to get rid of any taxes, banks, and anything related to governments. Well at least it might make people life easier and more comfortable.



[1] https://www.cnbctv18.com/cryptocurrency/crypto-friendly-countries-as-of-2022-five-of-the-most-switzerland-tonga-portugal-singapore-slovenia-14758451.htm
[2] https://www.globallegalinsights.com/practice-areas/blockchain-laws-and-regulations/switzerland

There is a lot going on in Switzerland and ever since a delegation of Ethereum decided for Zug to become the place where they registered their foundation, Zug did a lot to attract more and more crypto businesses in order to build and expand the blockchain ecosystem. There are further plans to become even more crypto friendly and Alberto Diaz said in an interview that Crypto Valley is a “focused ecosystem that focuses on blockchain technologies" and "one of the world’s leading, densest clusters of blockchain and crypto companies".

A Coindesk article states that Lugano has serious plans to make Bitcoin and Tether legal tender. That's an interesting read and in this article it says that Lugano claims to become the cryptocurrency capital of Europe. They are also planning on introducing their own token.

We will find out where those plans of Lugano are going, but the fact that those considerations are being made shows that the Swiss government allows for the infrastructure to be built and that they are a crypto friendly place for sure. But it isn't surprising that Switzerland welcomes an industry that is about financial technology and innovation.

[milewilda]

Bitcoin's adoption is like a disease that spreads quickly and if there will be some bodies(authorities) to stop it, they barely make it.

Before, bitcoin was introduced as a peer to peer payment but right now, we mostly see people adopt bitcoin not only for the usage of being a payment method but mainly as an investment, as an asset.

And that's not wrong, because its utilities can be seen and we can't deny that either or the two, it really is.

You are right, the main purpose while Bitcoin is been valuable in the society today it's because is an asset, many people who comes into Bitcoin today it's because of having more profit via their investment, in last five years people who values Bitcoin now have not had the interest of Bitcoin, so therefore it's obvious that the more the year are coming, the more massive adoption of Bitcoin, so i believe that Bitcoin have continuous adoption, because the advertisement of Bitcoin has gotten to the grassroots, so the adoption will be adding instead of reducing.

We do believe that majority of people who do dive in into crypto not because of its usecase but rather into its profit making opportunity which is something that a very common approach.Speaking about
recognition and adoption then its not really that going slowly on where we have seen several countries had already made it as a legal tender and there are places which they do make it regulated
which means that recognition is still really on the move.It is really just that we cant just hurry up if we do speak about adoption because not all corners of the world
does like Bitcoin or crypto as a whole.

[tiCeR]

Bitcoin's adoption is like a disease that spreads quickly and if there will be some bodies(authorities) to stop it, they barely make it.

Before, bitcoin was introduced as a peer to peer payment but right now, we mostly see people adopt bitcoin not only for the usage of being a payment method but mainly as an investment, as an asset.

And that's not wrong, because its utilities can be seen and we can't deny that either or the two, it really is.

You are right, the main purpose while Bitcoin is been valuable in the society today it's because is an asset, many people who comes into Bitcoin today it's because of having more profit via their investment, in last five years people who values Bitcoin now have not had the interest of Bitcoin, so therefore it's obvious that the more the year are coming, the more massive adoption of Bitcoin, so i believe that Bitcoin have continuous adoption, because the advertisement of Bitcoin has gotten to the grassroots, so the adoption will be adding instead of reducing.

We do believe that majority of people who do dive in into crypto not because of its usecase but rather into its profit making opportunity which is something that a very common approach.Speaking about
recognition and adoption then its not really that going slowly on where we have seen several countries had already made it as a legal tender and there are places which they do make it regulated
which means that recognition is still really on the move.It is really just that we cant just hurry up if we do speak about adoption because not all corners of the world
does like Bitcoin or crypto as a whole.

I agree that the majority of people get into crypto because of speculation and investment reasons. But that isn't bad per se. It is just how they get involved and familiarize themselves with cryptocurrencies while playing around with it and getting to learn the market dynamics as they pay closer attention when they own some Bitcoin. In a second step though they also get to find out about Bitcoin's utility and how it makes sense to use it in some situations. That was the case for me as well. Own it at first because I saw the potential for it to rise in price as I was sure that many people will at least slightly get the idea that a decentralized currency has good reasons to exist and spread globally. But once you own it and you travel for example, you quickly find out that it can be practical besides any speculative reasons.

[Godday]

In the future, almost all countries will adopt cashless transaction technology.  And it will reach all sectors in everyday life.  And with the technology brought by Bitcoin, this will make crypto currency experience good growth every year.  I think in the future there will be many crypto currency technologies that will be applied in every sector of life.  That's why I believe that Cryptocurrency is a great investment asset for the future.