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Author Topic: The beauty of Bitcoin is in use case.  (Read 670 times)
panganib999
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August 05, 2023, 10:30:25 PM
 #81

This is misleading, paints a nicer picture when things aren't as clear as they may seem. 60,000 experimental charging points and there are no news yet of how many of these bitcoin charging stations are being used for their intended purpose. You might wanna edit the post.Don't get me wrong, I love for crypto adoption to come as much as the next guy but at the same time you gotta be transparent and honest with statistics and data as it will cook you alive if you're giving numbers and data that doesn't match real world levels. Just a friendly advice that I hope you take into heart next time you post articles like these. It's great that we're actually getting somewhere and bitcoin is being adopted for niche payment purposes but at the same time these kinds of articles are often misleading and are intended to fool you into thinking that it's looking way better than what it actually looks like IRL.
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August 05, 2023, 10:42:46 PM
 #82

This is just the start. Bitcoin has come a long way to be what it is today. So we can not hope for a sudden adaptation. It will require time as it has taken for Bitcoin to become Bitcoin. But it is true that one day Bitcoin will become the world currency. These adaptations happening worldwide will one day lead Bitcoin to become that. One day it will become a trend and that day it will happen. Maybe not overnight, but slowly. Bitcoin has the potential.

It is evolving every day. Lightning network may become the key to Bitcoin's mass adoption. Or maybe we will see more development in the Bitcoin network.  No one knows what's coming. But whatever it is, it will be good that's for sure.
Indeed, the adaption won't be instant as people will need time to discover on how they could benefit from it. For now, many won't still see its value, we can't force them either but for sure, they will find it someday. In fact, adaption is not a race, little by little, people will appreciate it but there is one thing that would help their minds to see support from the government and these big companies. As to the moment that big companies are accepting Bitcoin, the more it encourage people to use Bitcoin but for now, what is in their mind is just an investment, not a currency.
Yeah, I believe you and what you have said, adoption is not something that is rushed, or should be rushed , people can be reckless with a lot of things, but when it comes to the stage where money is involved. most person are extremely careful with their decisions, Building a business and getting it to succeed is not an easy task, and due to competitions here and there, some businesses are so delicate and could crash by one wrong decision, this is why some rich men will rather remain where they are than try something they are not sure of coming out successful.

Bitcoin will gain massive adoption, the one thing still stopping this from happening already is due to uncertain regulatory concerned, many businesses are interested in integrating Bitcoin their system, but are just waiting for bitcoin to become a legal currency as government is going to declare it, cus right now, many still think that integrating bitcoin is like going against the government, and like ive said before, many of this business are afraid of being sectioned by the government.

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August 06, 2023, 05:52:46 AM
 #83

Currently, the popularity of Bitcoin is increasing, especially from large shopping malls to grocery stores. I have seen in many news that many small businessmen and their shops have introduced bitcoin payment system. They can do this very easily by accepting their electricity bills and car filling station payments in Bitcoins in different countries. And currently, the bitcoin lighting network in the country is providing the most favorable conditions to traders. This bitcoin lighting network is so convenient that they use this network to complete all transactions very quickly and with minimal fees. It is really amazing technology which is giving most benefits to people nowadays and using this technology people are realizing very easily for their daily life. Since we know that Bitcoin has a near future, we can realize that the future of Bitcoin will bring more benefits to all traders.

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August 06, 2023, 01:07:10 PM
 #84

It's too soon to declare victory. It's better to wait and see what happens while keeping an eye on how many people use bitcoins for payment. Isn't it pointless to have a system available if no one uses it? Despite the fact that Bitcoin has been adopted as a national currency, there are some tricks to be aware of, such as what happened in the Chivo wallet case.

According to the sources I've read, there are currently only two countries that legalize Bitcoin as payment. El Salvador and the central African Republic. Is this a victory? I think not. These two countries have come under a lot of pressure from the IMF and World Bank because of the decision to legalize Bitcoin as a means of payment. They were threatened with no financial assistance if they were in financial difficulties.

Although I am happy to hear that these two countries have dared to use it as payment. It's an advantage nowadays that there are countries that dare to take risks. But if they succeed, there will probably be a third country ready to legalize it as payment. Maybe you can help predict which country will legalize Bitcoin as a payment on Coinmarketcup. And you  remember, nowadays many countries have also started making opponents out of crypto through CBDCs. The government is trying to provide other alternatives so that they can control, even though crypto also benefits the country.

Source: https://coinmarketcap.com/legal-tender-countries/

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August 06, 2023, 01:29:25 PM
 #85

Sometimes users get overly proud about something related to payment systems using Bitcoin implemented by countries or big companies. Isn't it enough for us to see how far they will use it?
-snip- So there is nothing wrong with people being proud as this is seen as a victory in the bitcoin revolution. -snip-
It's too soon to declare victory. It's better to wait and see what happens while keeping an eye on how many people use bitcoins for payment. Isn't it pointless to have a system available if no one uses it? Despite the fact that Bitcoin has been adopted as a national currency, there are some tricks to be aware of, such as what happened in the Chivo wallet case.

It's a small win and we're taking it step by step into the world, although it's going to take time but that doesn't mean it won't be successful. Everything started from small to big, like I said, bitcoin used to be hostile and banned by all countries, but now it is slowly being accepted in most countries and not so much the country banned it. That shows people are being convinced by its potential. So it is entirely possible that bitcoin could become an alternative currency.

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