What do you Think might aid the global adoption of Bitcoin?

[Obari]

Suppose there is a well known convenience store in the locality and they start giving out special discounts to people spending crypto there. The interest in the public will rise about this "new" thing. They will get the impetus from themselves to know about it and then try to aquire it.

Compared to this method, force feeding a person with the idea of crypto and making them use it has less compliance.

Thus my point is that the adoption of crypto does not necessarily need governmenta but th people's acceptance and use. Do that and the government will be forced to allow crypto.

I don't know tye country you're actually writing from but I'm very sure in my country, the government has so much role to play on the acceptance of Bitcoin and I think one of the major reason why the adoption of Bitcoin is taking so much time is the fact that government can't have any major control over Bitcoin and my government wouldn't actually want it's citizens freedom due to the fear of dethronement (just my common opinion).
At the long run, no matter how hard we try to push the acceptance of Bitcoin, it wouldn't be a total success without government approval.

The government have a big roll to play on the adoption of Bitcoin but in some cases where they use it as a means of corruption is worrisome.

I also learnt that one of the major factors government in my country is fighting Bitcoin is that it was rumored to be one of the untraceable way or means to cart away money from scam by scam artist and it was used for more of criminal acts rather than it's purpose.

[SquallLeonhart]

For the past few days now, I've read and also written on some threads talking about how difficult it is for countries to adopt crypto and in one of the threads Here It was also pointed out that Bitcoin adoption in El Salvador failed because it was forced on the people.
On the other hand, I think if the mindset of seeing Bitcoin as a legal tender rather than an investment or a get rich scheme will go a long way to aid the global adoption of Bitcoin.
What do you think could aid the adoption of Bitcoin?
Let's discuss please

I think bitcoin and we as bitcoin lovers shouldn't really do anything about it, that doesn't really require anything at all. I think it is very important to focus that we should let fiat kill itself and bitcoin will grow thanks to that.

I know that many people think that fiat will never die, but as long as fiat keeps getting worse and worse like this, there will be a point where people will say enough is enough and they will stop using their money and will try to figure an alternative. Obviously it would have some governmental alternatives one day, but bitcoin is already here and people could switch to this a lot more and adoption could increase every single day.

[EarnOnVictor]

It was also pointed out that Bitcoin adoption in El Salvador failed because it was forced on the people.

I will always say that El Salvador was not prepared for what they adopted as legal tender, and this is against the will of the people to make it worse. This was why protests were all over the place. Making a hugely volatile asset a legal tender is ill-informed in my opinion.

I think if the mindset of seeing Bitcoin as a legal tender rather than an investment or a get rich scheme will go a long way to aid the global adoption of Bitcoin.

Making Bitcoin a legal tender carries a high degree of risk for any country. What I can advise is for countries to invest in Bitcoin just like their reserves, and with time, it will surely yield for them. Also, Bitcoin has naturally spelt out how to use and operate it, you pay with it, trade it, invest in it and many others, which I don't believe are harmful in any way if one could fully understand them, it will profit such person..

What do you think could aid the adoption of Bitcoin?

Bitcoin has been helping itself by itself, it has attracted people since it's used for cross-border payments and one could gain from trading and investing it. I believe that more positive results from the current users will naturally convince more people to adopt it. More regulation will also convince people and even make the government that banned or restricted it change their minds.

[Dr.Bitcoin_Strange]

Most of the government of some countries are scared of adapting Bitcoin because of the fear of fustrating the lives of their citizens as a result of the high volatility involved with Bitcoin and cryptocurrency in general.

The government always wants to be in charge because they are in power, and since Bitcoin is decentralized, they find it uneasy to control or enforce any laws on it. Also, just as the International Monetary Fund (IMF) talks about the risks involved in making Bitcoin a legal tender in El Salvador, such as financial stability, to protect consumers from financial instability, they are stressing that El Salvador should stop the use of Bitcoin as legal tender.

So OP, every country's government has their reasons why they don't want to legalize Bitcoin in their country; some also think it could increase the rate of money laundering and theft.

[Vaskiy]

It was also pointed out that Bitcoin adoption in El Salvador failed because it was forced on the people.

I will always say that El Salvador was not prepared for what they adopted as legal tender, and this is against the will of the people to make it worse. This was why protests were all over the place. Making a hugely volatile asset a legal tender is ill-informed in my opinion.

El Salvador isn't well prepared, but the president is strong in his decision. I don't see it a failure, everything will have opposition. The same could've been supported if the market have been on the bullish side soon after the adoption. What they experienced is continued decline and the government continued to accumulate which is good in my view.

I think if the mindset of seeing Bitcoin as a legal tender rather than an investment or a get rich scheme will go a long way to aid the global adoption of Bitcoin.

Making Bitcoin a legal tender carries a high degree of risk for any country. What I can advise is for countries to invest in Bitcoin just like their reserves, and with time, it will surely yield for them. Also, Bitcoin has naturally spelt out how to use and operate it, you pay with it, trade it, invest in it and many others, which I don't believe are harmful in any way if one could fully understand them, it will profit such person.

As said bitcoin investment have got high risk, but the same can be understood in the right way and one can stay on the safer side. Just because it is El Salvador the country haven't encountered big problem, if big countries have involved surely this could've affected the economy as the investment will be higher than what El Salvador have invested.

What do you think could aid the adoption of Bitcoin?

Bitcoin has been helping itself by itself, it has attracted people since it's used for cross-border payments and one could gain from trading and investing it. I believe that more positive results from the current users will naturally convince more people to adopt it. More regulation will also convince people and even make the government that banned or restricted it change their minds.

The growth is happening of its own based on the demand to the supply. In between we've got acceptance and adoption here and there. In the past we were able to see lots of negative news about bitcoin and now things have changed and the slow and steady progress is the right way for better future of bitcoin.

[Kgdktac]

Firstly let me say weldone for this post. Trying to shed light to how our collective need for Bitcoin adoption maybe achieved. I have a few Ideas,

1: Education: this is the most important but mostly overlooked factor, education well implemented can turn the world upside down as it literally has, but a well channelled education system targeting the young demographic will achieve wonders by the time they were men.

2: Merchant adoption: More merchants need to accept Bitcoin and other cryptocurrencies as payment. This would increase the use cases for cryptocurrencies and help to legitimize them as a form of payment.

3: Infrastructure: The availability of user-friendly and secure infrastructure for buying, storing, and using cryptocurrencies is crucial for adoption. This includes easy-to-use wallets, exchanges, and payment gateways.

[Gayong88]

What do you think could aid the adoption of Bitcoin?
Let's discuss please

In my view there are several factors that can help Bitcoin adoption globally. One factor is increased education and awareness about Bitcoin and its potential benefits. This includes educating people about how Bitcoin works, its advantages over traditional currencies, and how Bitcoin can be used for everyday transactions.

Another factor deemed necessary is the development of more user-friendly and secure Bitcoin wallets and exchanges. Many people are hesitant to use Bitcoin out of concern for the safety of their funds. By creating more secure and user-friendly wallets and exchanges, people may feel more comfortable using Bitcoin for everyday transactions.

[Obari]

~snip~

I agree with you because it seems the El Salvador government is already buying more of Bitcoin even with the dip and that is one thing that will definitely benefit the country and it's economy. Most times it actually takes a great leader to make great decisions and one thing I've known of people is the fact that they always want things their way irrespective of the consequences and always feel entitled to every decision the government makes even without considering the future of such decisions.
I stand with El Salvador government after reviewing their intentions and I think the first step was making it accepted in their country and every other step towards it will fall into place.

[YUriy1991]

Regarding stability, clear regulations I think can also help drive Bitcoin adoption, where Many countries are still grappling with how to regulate Bitcoin and other cryptocurrencies which can always create uncertainty for potential users, what does that mean? going forward, both entrepreneurs and investors will be more relaxed if a clear and stable regulatory framework has been established.

It is also undeniable that the role of the government regarding regulatory stability can help encourage greater adoption of Bitcoin so that it can be integrated into the mainstream financial system and can be mass adopted in the future.

[Minecache]

Suppose there is a well known convenience store in the locality and they start giving out special discounts to people spending crypto there. The interest in the public will rise about this "new" thing. They will get the impetus from themselves to know about it and then try to aquire it.

Compared to this method, force feeding a person with the idea of crypto and making them use it has less compliance.

Thus my point is that the adoption of crypto does not necessarily need governmenta but th people's acceptance and use. Do that and the government will be forced to allow crypto.

I don't know tye country you're actually writing from but I'm very sure in my country, the government has so much role to play on the acceptance of Bitcoin and I think one of the major reason why the adoption of Bitcoin is taking so much time is the fact that government can't have any major control over Bitcoin and my government wouldn't actually want it's citizens freedom due to the fear of dethronement (just my common opinion).
At the long run, no matter how hard we try to push the acceptance of Bitcoin, it wouldn't be a total success without government approval.

This world, this society belongs to the government, they are the ones who control and manage it, and nothing can exist without their permission. That's what's been going on for hundreds of years.
If people can accept and use bitcoin without the permission of the government, and then the government will please their people. If things were that easy, I believe that in countries where there is corruption, people there would have demanded a change in government, and there would be no corruption or discontent in the society as it is today.

[rby]

For the past few days now, I've read and also written on some threads talking about how difficult it is for countries to adopt crypto and in one of the threads Here It was also pointed out that Bitcoin adoption in El Salvador failed because it was forced on the people.
On the other hand, I think if the mindset of seeing Bitcoin as a legal tender rather than an investment or a get rich scheme will go a long way to aid the global adoption of Bitcoin.
What do you think could aid the adoption of Bitcoin?
Let's discuss please

The solution to massive bitcoin adoption is not to make bitcoin a legal tender. Bitcoin must not be made a legal tender before it can be massively adopted.
Check a situation where government does not make bitcoin a legal tender and yet does not make laws that restrict the usage of bitcoin. This will be a win win situation for government and for bitcoin.
So government does not need to tamper her fiat for bitcoin to excel and vice versa

[Yamifoud]

~snip~

I agree with you because it seems the El Salvador government is already buying more of Bitcoin even with the dip and that is one thing that will definitely benefit the country and it's economy. Most times it actually takes a great leader to make great decisions and one thing I've known of people is the fact that they always want things their way irrespective of the consequences and always feel entitled to every decision the government makes even without considering the future of such decisions.
I stand with El Salvador government after reviewing their intentions and I think the first step was making it accepted in their country and every other step towards it will fall into place.

And despite the criticism from their countrymen and earning less support from the community, the government remains certain about their adoption. They are not afraid to take risks and to fail because they believe that this would help the country's economy in the future while the other countries are still doubtful about this.
Because if all country leaders have that kind of mindset like the leader of El Salvador, I guess the adoption went massive and fast, and so the price will become less volatile as the deman and supply is consistent.

[Uruhara]

I don't know why the OP seemed to have concluded that what El Salvador had done, which had legalized bitcoin as a legal tender, had failed. Even though for me it is the country of El Salvador itself that has succeeded in making all eyes from all over the world more familiar with bitcoin. so that the adoption of bitcoin becomes more and increases every day. and to me if any other country does the same move as El salvador then that would be a stronger driver to faster bitcoin adoption.

[mendace]

I don't know why the OP seemed to have concluded that what El Salvador had done, which had legalized bitcoin as a legal tender, had failed. Even though for me it is the country of El Salvador itself that has succeeded in making all eyes from all over the world more familiar with bitcoin. so that the adoption of bitcoin becomes more and increases every day. and to me if any other country does the same move as El salvador then that would be a stronger driver to faster bitcoin adoption.

El Salvador's experiment has failed miserably because a year after the adoption no merchants are able to use a Wallet, no one has adopted Bitcoin as their first payment but worse still the state waller Chivo is centralized and satoshis disappear during transactions on LN .  Also, top-down adoption with propaganda hasn't worked much better than bottom-up adoption of Bitcoin Lake or Bitcoin Jungle.

[CryptSafe]

I don't know why the OP seemed to have concluded that what El Salvador had done, which had legalized bitcoin as a legal tender, had failed. Even though for me it is the country of El Salvador itself that has succeeded in making all eyes from all over the world more familiar with bitcoin. so that the adoption of bitcoin becomes more and increases every day. and to me if any other country does the same move as El salvador then that would be a stronger driver to faster bitcoin adoption.

Although the El Salvador government bought at the high price and irrespective of the fact that they bought at the high price, it was a good initiative by the government to have seen the potentials in bitcoin investment (as they think). I strongly believe too that they bought at low to remedy their loss at the initial start which is also a smart move. Accepting bitcoin by the El Salvador Government as  a legal tender is a good step aimed at increasing the popularity, influence, awareness and adoption of bitcoin globally. In less than no time, the El Salvador government would start seeing the dividends of their acceptability of bitcoin by then bitcoin must have soared high causing positive roars in the world and other governments would be regretting while  the ones that took advantage of accepting bitcoin as a legal tender would be enjoying for following the steps if the El Salvador government.
In no was has the government failed in their bitcoin acceptance but rather they have succeeded in attracting the two world towards their direction as amongst the first country to have legalized bitcoin in their country and this act of theirs further created more awareness and adoption of bitcoin globally.

[Drawesome]

(although you could say it was forced on the merchants, maybe

by law they coul've forced merchants to allow payments, but they can recieve dolar converted by chivo. No big deal, but in reality very few merchants accept BTC. Bukele didn't forced it. What Bitcoiners should do is Do not pay FIAT in ES. Only waste BTC so they are forced to obey the law or loose Money

[crunck]

What do you think could aid the adoption of Bitcoin?
Let's discuss please

In my view there are several factors that can help Bitcoin adoption globally. One factor is increased education and awareness about Bitcoin and its potential benefits. This includes educating people about how Bitcoin works, its advantages over traditional currencies, and how Bitcoin can be used for everyday transactions.

Another factor deemed necessary is the development of more user-friendly and secure Bitcoin wallets and exchanges. Many people are hesitant to use Bitcoin out of concern for the safety of their funds. By creating more secure and user-friendly wallets and exchanges, people may feel more comfortable using Bitcoin for everyday transactions.

The two factors you mentioned are really necessary, in which education is the most urgent because only education can people understand and accept bitcoin. People are often afraid of what they do not know, or do not understand, once they understand, they will no longer fear or hate bitcoin. Education is a key factor in bitcoin's rapid global popularity, IMO.

[johnsaributua]

come on friends, let's start from ourselves and those close to us. why,bitcoin/crypto is worth it,? because most of the large company owners are familiar with this currency asset. maybe for security and transaction speed. but not everyone wants to accept the very steep and sharp price fluctuations. will be faced. but its a good idea. think global. although local still need deeper counseling about bitcoin but let's educate. move together. the government is only a supporter and a vessel if they start it.

[awik p]

I don't know why the OP seemed to have concluded that what El Salvador had done, which had legalized bitcoin as a legal tender, had failed. Even though for me it is the country of El Salvador itself that has succeeded in making all eyes from all over the world more familiar with bitcoin. so that the adoption of bitcoin becomes more and increases every day. and to me if any other country does the same move as El salvador then that would be a stronger driver to faster bitcoin adoption.

El Salvador's experiment has failed miserably because a year after the adoption no merchants are able to use a Wallet, no one has adopted Bitcoin as their first payment but worse still the state waller Chivo is centralized and satoshis disappear during transactions on LN .  Also, top-down adoption with propaganda hasn't worked much better than bottom-up adoption of Bitcoin Lake or Bitcoin Jungle.

what is trending is because the government of Elsalvador legalized bitcoin, but in it, some people are not ready to fully realize it. for me it is a natural thing, especially at the beginning of a change there are obstacles that must be fixed, especially for the elderly, of course it will be more difficult to socialize it considering that they have not fully followed the development of the digitalization era. it's just a matter of how the government deals with the problems that occur, until bitcoin can really be fully used by all its people, so that the economy can improve soon, as the government hopes

[rokok lokal]

On the other hand, I think if the mindset of seeing Bitcoin as a legal tender rather than an investment or a get rich scheme will go a long way to aid the global adoption of Bitcoin.

What do you think could aid the adoption of Bitcoin?

Let's discuss please

Regarding your assertion, it is true that viewing Bitcoin as legal tender rather than an investment or get-rich-quick scheme can help increase adoption. Treating it as a currency rather than a speculative asset can help promote its use as a medium of exchange.

Well, here I try to add about the importance of Accessibility and Acceptance that can help Bitcoin adoption:

1. Accessibility: Making Bitcoin more accessible to the general public can help increase adoption. This can be achieved through the development of easy-to-use wallets and payment systems. Additionally, providing more avenues for people to buy and sell Bitcoin could help increase adoption.

2. Acceptance: Encouraging more businesses to accept Bitcoin as a form of payment can help increase adoption. This will create more opportunities for people to use Bitcoin in their daily life.

Therefore, it is important for people to understand these risks before using Bitcoin as a currency.