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

[fuguebtc]

The most important thing we hope to help with global adoption of bitcoin is its use case as a currency. The high interest of users to use bitcoin as a means of payment is what helps most when we expect bitcoin to be adopted. Of course it needs government support through regulation, but when bitcoin is known and used by the majority of the population regardless of its purpose, adoption is likely to be closer to success.

I don't expect governments to have to ask their entire population about adoption plans, but they just need to get data on how many bitcoin economic transactions are taking place in their country in a given time period. But anyway, I don't expect bitcoin to replace fiat even if bitcoin is adopted as a means of payment. Bitcoin is an alternative option that is expected to help many domestic and foreign transaction needs without restrictions.

It is ambiguous to expect bitcoin to replace fiat currency, and I confidently state that it will never happen. What we can expect from the government is to accept bitcoin as a commodity or, more so, as an alternative payment method that exists alongside fiat.

Bitcoin has been and is bringing benefits to people, I believe the government knows, but the problem they don't want to accept it is because they haven't found the perfect way to regulate and control us in the best way. They never accept bitcoin if it doesn't benefit them.

[TribalBob]

there are many ways to actually adopt btc, we just give positive news, the benefits we get if we invest,
but all of that will be difficult if one government doesn't want to know what bitcoin is and always opposes its existence even though many people in their country already have btc
moreover, sometimes some say that btc will replace fiat money, no country will adopt it if so, especially big countries that have power for their country's currency

[TheUltraElite]

Increased awareness and education, improved user experience, increased merchant acceptance, regulatory clarity, and network scalability are all important factors in promoting global Bitcoin adoption. Increasing Bitcoin adoption will necessitate a combination of technological, educational, and regulatory advancements, as well as efforts to make Bitcoin more accessible, user-friendly, and legitimate.

All those are big terms my friend. But in reality what we need to start off is a good userbase using Bitcoin regularly. That will bring the impetus to stores accepting crypto and gradually merchants will be forced to accept it as a method of online payment. There are people who are using gift cards to keep up the flow of money but these things need more streamlining.

We are never going to see these changes over night. But we must attempt to make out near ones educated about Bitcoin.

[Newbie.]

I think education is key to adoption. The more people understand the benefits and how to use Bitcoin, the more likely they are to adopt it. We need to move beyond the 'cryptocurrency is scary and confusing' stereotype and make it accessible to everyone.

[Obari]

I think education is key to adoption. The more people understand the benefits and how to use Bitcoin, the more likely they are to adopt it. We need to move beyond the 'cryptocurrency is scary and confusing' stereotype and make it accessible to everyone.

I don't think cryptocurrency is actually scary or I don't  know if people think it's scary but due to the very high volatile nature of Bitcoin, it seems people are being so careful of Bitcoin as there are equal chances of making either profits or loss as nothing is guaranteed in crypto.
How so we make it accessible?
In my local community, some elderly persons Haven't found it easy to adopt to the traditional banks not to talk more of using Bitcoin and my question was really more about wanting to know how this woman could possibly adapt to crypto usage after seeing how the economy went to stagnation and recession due to scarcity of cash in my country.

[kelechi]

Huge bank collapse might make it

[Tazzy4050]

It's a difficult question to answer. The low cost of entry and widespread adoption have made the digital currency one of the most popular ways to purchase goods, especially given its association with the internet. That makes it easy for merchants who might not otherwise accept Bitcoin to do so by simply adding it to their online store. But even if more people are using Bitcoin, it can also mean that there are more services and goods out there for them to acquire, which could make adoption more challenging based on individual preferences or needs.

[Artem Sereda]

By the time bitcoin is accepted as legal tender it will have reached the right level of adaptation. In my opinion, these are mutually reinforcing things. But now there are many projects, cryptoprocessors, which increase the level of adaptation of bitcoin.

[BTCBroker2016]

Global fail of dollar or banking system

[Yatsan]

Regulation, I think. Some would say it would be downfall of fiat but if we would be realistic, downfall of fiat means downfall of economies; cryptocurrencies would as well be burried with it. Regulation on the other hand would be an additonal contribution to the economy by means of taxes, and this is the only way governments would accept this blockchain. Governments have their own reason whether it is risk, anonymity or other possible cause of why countries are still avoidant with cryptocurrencies. Bottomline is, for majority of countries to adopt with this technology, they'd be needing to treat it like fiat, as what is typical. This would be unfortunate given that crypto has its nature but things won't work as smooth as butter no matter how we want it to be.

[Furious 7]

Just be yourself, just do what needs to be done because we can't be fully active with things like this, especially when we are in a country that is sensitive enough to bitcoin, so what we do could be wrong, so just be yourself. By continuing to contribute to forums, sharing with those closest to us about crypto and answering some of the questions raised (which of course we are good at) to make a real impact on the environment we live in, I think that's enough.

[OgNasty]

I think more investment doors need to be opened.  A lot of wealthy individuals don't want to worry about self-custody or maintaining a wallet.  They just want to own something and have it be a part of their portfolio.  That's why I think things like a spot ETF for Bitcoin would make a huge difference.  By this point most people agree that Bitcoin has value and is worth investing in, but investor protections and options remain something that could use improvement.  As Bitcoin becomes as easy to buy as a stock and as well protected as the funds in your brokerage account, I think investment will explode and those of us who got ahead of the investment tidal wave will be well compensated.

[Casdinyard]

It's better to have the people get slowly accustomed with the ins and outs of bitcoin rather than forcing them to immediately switch into the cryptocurrency. That wouldn't sit well for bitcoin, and for these people we in the first place aim to help out. So how do we aid and hasten global adoption then? Simple, information campaigns. As of the moment the world is more aware of what the hell bitcoin is than compared to years ago, most especially during the early days of bitcoin, so the next step is to reinforcing this acquaintance with bitcoin into full-on knowledge about the coin by giving the public free and accessible avenues for learning what bitcoin really is about. Plus there also has to be some sort of incentive from attending and absorbing these lessons, coz surprise surprise people are apparently more motivated to learn if they get something of valaue from listening. Employ all of these tactics and you'll for sure be able to contribute greatly to helping bitcoin advance.

[lionheart78]

I think education is key to adoption. The more people understand the benefits and how to use Bitcoin, the more likely they are to adopt it. We need to move beyond the 'cryptocurrency is scary and confusing' stereotype and make it accessible to everyone.

Aside from government regulation, information dissemination indeed is one of the keys to Bitcoin adoption but it shouldn't stop there.  People who got informed about Bitcoin and tried to use it should be satisfied or experience less trouble.  We all know that Bitcoin takes time to be confirmed, and waiting for a long time for the processing of transaction is quite annoying.  Delays often incur huge losses on business so in order for Bitcoin to be accepted or adopted in global businesses, the scalability of Bitcoin must be improved so that transactions can be processed and confirmed faster.

Aside from that as an individual, users should not experience difficulty in using or accessing Bitcoin, so developing applications that ease the usage of Bitcoin must be created.  Thus, Bitcoin application should be user-friendly. Aside from that, Bitcoin should be available to use anywhere so we also need to create promotions where merchants will be enticed to accept Bitcoin as the mode of payment.  More merchants, more places to spend Bitcoin and with the situation, global adoption can be increased.

[deathcode]

there are many ways to actually adopt btc, we just give positive news, the benefits we get if we invest,

If we only spread positive news it will be more easily accepted by many people, but in reality there are still many disadvantages and risks that exist when using Bitcoin. We are the same as fooling everyone if we only spread the profits and if they experience losses then they will likely hate Bitcoin even more.
It's better if we spread what is about the advantages and disadvantages of using Bitcoin and after that let other people decide whether to take the opportunity in Bitcoin or not.

but all of that will be difficult if one government doesn't want to know what bitcoin is and always opposes its existence even though many people in their country already have btc

It's not that every government doesn't want to know, but in fact, of course, they already know about Bitcoin, and they are definitely discussing it because this is related to existing digital developments that have been discussed by everyone in the world. It's just that they haven't found the right way to regulate it so that it can be adapted to the existing system in their country and not harm their citizens.

[thecodebear]

I think education is key to adoption. The more people understand the benefits and how to use Bitcoin, the more likely they are to adopt it. We need to move beyond the 'cryptocurrency is scary and confusing' stereotype and make it accessible to everyone.

Yup this.

While certainly there are improvements needed in regulations for exchanges, regulatory clarity for legacy finance firms to get into Bitcoin, UI/UX of bitcoin wallets, plenty of improvements in Lightning Network, merchant adoption both for online and brick and mortar stores, tax laws allowing purchases with bitcoin without owing capital gains taxes...the main thing that is needed for global adoption is much greater education on Bitcoin.

If you ask someone who has money to invest and doesn't have Bitcoin why they don't have Bitcoin, the answer invariable is going to be related to lack of education on Bitcoin. They either don't know what it is or they are scared of it, or they heard it is going to zero or is some sort of pyramid scheme, or they think its bad for the environment, or they think it'll just be banned, or they think it doesn't have any utility, or they are scared of the volatility. All these are lack of education problems. Somewhat lack of financial education but mostly specifically lack of bitcoin education.

If the whole world magically got educated on Bitcoin tomorrow you'd have probably a billion people buying Bitcoin for the first time tomorrow, and many more after that.

The vast majority have either no information about Bitcoin or mostly/entirely misinformation. This leads them to be ignorant or negative towards Bitcoin. Unfortunately we can't magically educate everyone tomorrow. It'll take many years to educate the general public.


If we could even just educate the public on the difference between volatility and long term growth, the four year bitcoin cycle (so that they aren't always buying at the top when they get in), what hard money is and why Bitcoin is the best hard money humanity has ever had, why PoW mining is so positive for humanity and the environment, why Bitcoin is unique compared to every other crypto, and how bitcoin lets people bank themselves and send money to anyone in the world, and the basics of making an address and using a wallet to send transactions, that alone would get most people with spare money interested in owning Bitcoin. And you could probably teach someone the basics of all that in one day, at least enough for them to have a surface-level comprehension of why Bitcoin is so good.

But of course in reality they have to seek out the information for themselves, find good sources and be interested enough to learn, and get passed the flood of misinformation which dominates the information landscape around Bitcoin. So the reality is that it is not an easy task and will take many years, maybe a generation, to get the general public informed on Bitcoin.

[PX-Z]

No need of re:global adoption for bitcoin, its good to be like what is, and let other countries who are interested regulates it. Having El salvador making bitcoin as legal tender is enough to get referenced by any countries who wants to regulate it.

The more bitcoin getting regulated the more problem people faced, meddling of authorities, high tax, BS KYC on different platforms, etc.

[LogitechMouse]

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.

It's possible, but what are the chances of most of the countries considering Bitcoin as a legal tender? At first place, the government isn't the one who are issuing or producing Bitcoin, so they can't control it, and that would be a problem for them in the long run. It's good that we are seeing one or two countries putting Bitcoin as a legal tender.

With regards to get rich scheme, it will all comes to how people are getting educated. If people got educated, they will realize that Bitcoin isn't a get-rich quick scheme.

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

Social Media, Internet, Education.

I think there are some, but these 3 are the main things that will aid global adoption of Bitcoin. Social Media, and Internet is very vital when it comes to spreading the word right now especially now that we are in a digital era, and people are spending 2 hours and 27 minutes per day (base on Google search) browsing different social media platforms. Just imagine on that span of time, they will saw an ad or a video with regards to Bitcoin. That's why for me, Social Media and Internet are 2 keys for Bitcoin to be used and adopted worldwide.

Education? No further explanation from that. We just need to educate people what really Bitcoin is, and let them realize what really it is.

[Farma]

No need of re:global adoption for bitcoin, its good to be like what is, and let other countries who are interested regulates it. Having El salvador making bitcoin as legal tender is enough to get referenced by any countries who wants to regulate it.

The more bitcoin getting regulated the more problem people faced, meddling of authorities, high tax, BS KYC on different platforms, etc.

yes, it would be better if bitcoin adoption goes naturally. if it provides encouragement or a regulated system, maybe the use of bitcoin will have restrictions. if any country wants to adopt it, then let them adopt it based on what they want. sooner or later, bitcoin may be adopted globally, even now almost all countries have their own bitcoin users, it's just not evenly distributed.

[Gallar]

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

Adopting bitcoin is not easy, especially at the level of adoption in a country. it will definitely take a very long time to adjust and get used to bitcoin. because not everyone in this world knows bitcoin, and not everyone likes bitcoin. so surely all of this will be a great challenge for countries that want to adopt bitcoin.

and you ask about what is a powerful way to successfully adopt bitcoin? In my opinion, the most effective way is to start slowly. because I believe that in a relaxed way it always produces positive results, everything must be planned, organized, and targeted.
and the procedure in my opinion is like this

• community surveys to every corner, to inform the public that there is bitcoin and the country will adopt it.
• Look at technological developments in every region and remote area, is the internet network all the way around and the community already has at least an Android cell phone.
• vote for the public, so that they know what percentage the probability of adoption is successful, if the voting results show good results/many agree, it means there is a possibility of success. but if it's the other way around, then it should be postponed first. because if the community does not want to continue to be forced into adoption, they are afraid that there will be commotion in the form of rejection and demonstrations from the community.

if this method has been done, just waiting for the results of the bitcoin adoption.