IF ONLY EVERYONE CAN EASILY ACCEPT CRYPTO

[lalabotax]

My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

This is good enough to read this. Well, it is not denial that crypto is very useful and helpful. Everyone who is talking about cryptocurrency will commonly understand more about the risks, that is why the are always learning to be more prepared. Btw, we cannot force everyone to accept crypto for payment. You may not life inn the other countries where the law is different. Sometimes if we force so much about this, this will not ended anymore. Many media still declare about the previous matches news and especially and news about crypto. But we have no longer forced everyone to use Bitcoin, but at least to aware about Bitcoin.

[1715374958]

1715374958

[1715374958]

1715374958

[1715374958]

1715374958

[LogitechMouse]

They will not accept it because they don't know about it.
They will not accept it because people aren't have the initiative to learn it.
They will not accept it because they find it very complicating for them.
They will not accept it because they're lazy enough not to learn it.

That's the problem right now. They don't want to learn it for various reasons. Most of the people right now prefer bank transfer other than transferring thru crypto because it's either they don't know crypto itself, or they find bank transfer more comfortable for them.

On the other hand, don't expect "EVERYONE" to use crypto. If they will go to a bank, they will assist them. If they will use crypto, who will assist them? Where they will buy Bitcoin? How will they transfer it? I mean for them, they see it as more hassle than just go to a bank, tell the information, and just give the money. Overall, there will still be people who will prefer using banks than crypto.

You said "they are individuals with low crypto knowledge." Well, I agree with you, and it's because they see it as a complex thing thus, they will just ignore it. We can't blame them if they really don't want to use crypto for transaction. Even a person with a high crypto knowledge might still use bank for his/her transaction.

[ilovealtcoins]

High rate of crypto illiteracy still makes me sad.

I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.


My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.

What's your opinion ? .

So have you ever used bitcoin during network congestion, especially if we are in bull season? Bitcoin transaction fees become expensive, and transaction completion can take up to several days. I'm sure many people here have experienced the same thing. I bet you are just trying to say good about bitcoin to gain merit, you have never used bitcoin for a transaction at all. Nothing is perfect, everything has its pros and cons.

I highly agree with this opinion. During bull season or even not, sometimes the network gets congested, just like recently where I won a raffle and the prize was bitcoin, it took me 4 days to receive the price although it is not something to panic or be worried about, if the network gets even more congested after that, for sure I will have to wait for few more days again.

Bitcoin or fiat, has both pros and cons. While some supports bitcoin like a fanatic, we should understand that there are also people who don't. We also have to accept that fact and respect their decision. Personally, it doesn't matter to me which is which, but at least I have options to choose, either crypto or fiat.

There are too many bitcoin fanatics here, and even though they know the truth bitcoin is not perfect. Recently I made a transaction worth 4k bitcoins but wanted to save cost, I set a fee of 3$, but unfortunately, the bitcoin price suddenly increased, and it took me 7 days to complete transaction. But I don't see anyone talking about this, bitcoin delay.

[nimogsm]

High rate of crypto illiteracy still makes me sad.

I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.


My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.

What's your opinion ? .

Cryptocurrency is just another way to transfer funds in this and is its main function.That you can send a payment bypassing all intermediaries. In my country, mobile banking is excellent and it is very well developed and I have no problems, our youth also use crypto payments among themselves, which is a huge plus. It all depends on where you are, progress is inevitable and everyone who wants to use crypto they will start it is only a matter of time.

[Twentyonepaylots]

They will not accept it because they don't know about it.
They will not accept it because people aren't have the initiative to learn it.
They will not accept it because they find it very complicating for them.
They will not accept it because they're lazy enough not to learn it.

That's the problem right now. They don't want to learn it for various reasons. Most of the people right now prefer bank transfer other than transferring thru crypto because it's either they don't know crypto itself, or they find bank transfer more comfortable for them.

On the other hand, don't expect "EVERYONE" to use crypto. If they will go to a bank, they will assist them. If they will use crypto, who will assist them? Where they will buy Bitcoin? How will they transfer it? I mean for them, they see it as more hassle than just go to a bank, tell the information, and just give the money. Overall, there will still be people who will prefer using banks than crypto.

You said "they are individuals with low crypto knowledge." Well, I agree with you, and it's because they see it as a complex thing thus, they will just ignore it. We can't blame them if they really don't want to use crypto for transaction. Even a person with a high crypto knowledge might still use bank for his/her transaction.

I agree and also I think one of the reason why most are not informed about it is that they don't really need it in their life, In our country, most of people are not digitally informed and also financially literate so that only 30% here have bank accounts, and this shows how they cannot really make use of these advancement since they are still stuck with the traditional ways of transactions. Also, technicality of cryptocurrency is kind of overwhelming to some that they end up not fully knowing and using it.

[drwhobox]

They will not accept it because they don't know about it.
They will not accept it because people aren't have the initiative to learn it.
They will not accept it because they find it very complicating for them.
They will not accept it because they're lazy enough not to learn it.

They are comfortable doing the same job for hours and wasting people's time. I can relate to OP's incident, nowadays banks are pain in the ass for me.
They intentionally don't complete the transaction and take extra 2-3 days to complete it so that they can give others money to you.

On the other hand bitcoin is capable of solving those issues in no time.

[Sorryfor]

High rate of crypto illiteracy still makes me sad.

I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.


My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.

What's your opinion ? .

At present, while doing transactions from banks, one has to face difficulties in various ways. Especially not many people have to read such a problem suddenly they have to face such a problem. But I think crypto transactions are very easy compared to bank money transactions. If you were trading bitcoins you would have no risk of losing your money. So I think you should trade with virtual currency and be safe. So your move is good for you if you are trading bitcoins.

[JoyMarsha]

Bitcoin is not widely accepted globally and in those countries, bitcoin is been accepted, bitcoin is not fully used there. As we have seen, the citizens of a country make use of what is easily and widely available to them and that is the banking system, despite its lapses.

Having said that, If bitcoin is fully in use by everyone, you would have preferably run the transaction with your friend through bitcoin without experiencing a transfer error at the end of it. That's the advantage of using bitcoin over a bank because is secured, runs smoothly and delivers to the right address if entered properly.

[glendall]

if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.

What's your opinion ? .

everything has advantages and disadvantages, indeed btc in terms of shipping is very fast compared to local banks behind everything there will definitely be drawbacks not everything is perfect
for example, if we send the wrong btc, we should never expect our btc to come back
conversely, if our bank transfers the wrong data, it can be traced, so there is a possibility that our money will come back
different from btc
you don't have to be sad about crypto illiteracy because everything needs a process that can't be forced

[Cookdata]

High rate of crypto illiteracy still makes me sad.

I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.


My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.

What's your opinion ? .

But research has shown that lack of awareness of crypto has reduced over time, at least a graduate from tertiary institutions or high school has heard of bitcoin, the only challenge of bitcoin we are facing right now is the adoption which I believe is growing gradually, it will continue to grow until it is spread to every corner of the world where we don't need to repeat the name twice, it would be everywhere across every city legally adopted as legal tender or legally allow for people to hold on their own will, though the thing is this, not everyone will accept bitcoin even if bitcoin is adopted by the governments across the world.

[Mahanton]

High rate of crypto illiteracy still makes me sad.

I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.


My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.

What's your opinion ? .

We humans are not all knowing specially into those old ones who doesnt really have much idea about new innovations or new add ups on this market which we could potentially make use with.They would definitely be sticking into those traditional things that they've been getting used to.Literacy about bitcoin or crypto isnt really that much something you could acquire or known that easily.We know that recognition and adoption
is still on the process or movement. About transactions then bank transfers could really be reversible which is totally opposite with bitcoin or with crypto. It does have its con's and pros
which its up to you which one you would be appreciating into.

[komisariatku]

High rate of crypto illiteracy still makes me sad.

There's nothing to worry about, even though there are still many people who don't understand the crypto system, it's not a problem. Bitcoin is only 14 years old, that's quite a young age, so it's only a matter of time before everyone understands about bitcoin and the crypto system.

I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.

This kind of problem can also happen with bitcoins. When the bitcoin network is busy, it takes a long time for network confirmation, if we provide too little transaction fees, transactions can get stuck. To be honest, transaction speeds are still faster for fiat money systems than bitcoin. But for altcoins many are fast, like Tron (cheap too)

My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

If we use crypto and enter the wrong address, it is non-refundable, and cannot be complained to anyone. It sounds really bad. Whereas in the fiat money system, we can return money due to a transfer error by coming to the bank.

As bad as it sounds, to be honest bitcoin gives independence to our finances. Full financial control is in our hands, so if there is a shipping error it is also our own responsibility. This is different from the bank system where fiat money, they can reverse our transactions because they are the holders of our finances, we have no control over the money deposited in the bank. In addition, banks can also use our money savings to lend to others and they benefit from it. If everyone withdraws all the money in the bank, then I guarantee that there will not be enough money in the bank because they only have our financial records, while our money that is kept in the bank has been lent to other people. Very bad

[letteredhub]

High rate of crypto illiteracy still makes me sad.

I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.


My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.

What's your opinion ? .

Op consider the number of users of bitcoin today compared to 5-10 years ago don't you think there has been an armful increase acceptance and literacy in there numbers of bitcoiners around the globe? You for instance may have had no knowledge about bitcoin 5 years ago but look at you today you're now one of bitcoin enthusiasts. It then means the gap is getting closer each passing day and soonest you may be able to use bitcoin transaction to your clients stead of using the bank transacts.

[livingfree]

Op consider the number of users of bitcoin today compared to 5-10 years ago don't you think there has been an armful increase acceptance and literacy in there numbers of bitcoiners around the globe? You for instance may have had no knowledge about bitcoin 5 years ago but look at you today you're now one of bitcoin enthusiasts. It then means the gap is getting closer each passing day and soonest you may be able to use bitcoin transaction to your clients stead of using the bank transacts.

It's just a matter of time that most banks will have the special lane for crypto transactions and deposits. But what's the point of that if we're the one that will do the transaction and doesn't need the intervention of bank.

This is what Bitcoin is for, we don't need safe vaults from the banks if we can keep it to ourselves and have a better security if we know how to take care of it.

But looking at the adoption perspective, that sounds good but I'm not too optimistic about it.

[Compromise me]

This is why Bitcoin is better than banking system, it's faster and transparent, there's no hide or secret fee if you want to send a coins. Government will not want to accept Bitcoin as a currency because people might tend to choose Bitcoin over their fiat and banks, if not many people use fiat and banks, the government will not make a lot money and many banks will collapse.

Exactly, that was the reason the central bank in my country ban transaction of crypto to local bank, trying to increase poverty and suffering among the people, telling us that crypto is fraud.

There is a lack of awareness in our countries that is why they talk about that crypto currency is a fraud.This is Decentralized so  due to which it is considered fraud and banned in many countries.
I also said that Bitcoin investment is better then banking system .One of it profit is very high .And secondly you can make your own transactions as you wish.If government accepts cryptocurrency .

[Wimex]

The problems with poorly managed transactions due to the deficiency in the platforms of these banking entities are inconveniences that also affect where I live, so I agree that these processes would be very different if payments were made through bitcoin... however, I recognize that it is still difficult for people as a whole to accept or be aware of the existence of this currency, and this despite the growth that bitcoin has in different countries, since communities are so adapted to banks and centralized currencies, they doubt the veracity of virtual assets, so it will take time so that even the majority can see the potential and advantages that BTC has compared to traditional currencies.

[ultrloa]

Don't go on peak hours and you really experience that heavy line since more people do their transaction at that time. But rather go on time when there are less people so that you can transact or even file a complain if there's issue regarding on your transaction. Also don't be sad or annoyed about those cases since that is isolated and sometimes that could also happen on crypto especially when network is congested and you set a low fee for your transaction for sure with that you receive your transaction for many days.

[tbct_mt2]

Don't go on peak hours and you really experience that heavy line since more people do their transaction at that time. But rather go on time when there are less people so that you can transact or even file a complain if there's issue regarding on your transaction. Also don't be sad or annoyed about those cases since that is isolated and sometimes that could also happen on crypto especially when network is congested and you set a low fee for your transaction for sure with that you receive your transaction for many days.

It is like you go to transport and sometimes you will be in traffic congestion, traffic jam which you will have to avoid next times. By  what?
You can avoid it by better plans, to understand when is most congested days, hours and have plan to move when less demands on chains. Or you can have plan B, to use different chains and coins for your transactions. If one chain has problems, you can choose your alternative chains in plan B.


From my experience, no chain in cryptocurrency will be congested or fee will be high forever. When demand on that chain is dropped, hype went away, chain operation will return to its normal.