What can happen next time due to a lack of proper knowledge about Bitcoin?

[EluguHcman]

I see no cause for alarms. Crytop currencies or the almighty Bitcoin in the crytop space is not striving to take dominion over fiats rather it is stressing on to be globally accepted.
Remember the primarily potentiality of Bitcoin is to exchanges with the global fiats.
So this is why it is said they Bitcoin is not for everyone and you strictly doesn't have to impose forces on anyone to learn about the cryptocurrencies unless it is an alternative to a national fiat where it is necessary for anyone to be knowledgeable of it.

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[Fivestar4everMVP]

Well, it is completely wrong of you to have just focused only on the cons of our society adopting bitcoin and crypto in general to become the only legal tender, look at the benefits as well, you did realize that the benefit is much greater than you have ever imagined.

And besides, all the issues you made mention of, are ones without a solution, if the government is going to make bitcoin and crypto in general the only and acceptable legal tender, be rest assured that millions will be spent to teach people how to use crypto, and who needs a bank when they can be the custodian of their funds, but then, we know how lazy most people are in our societies today, so even if there is goin to be a crypto bank, the staffs will be well trained on how to managed customers funds effectively and efficiently.

So, I do not see any issue here that is without solution, if there is anything we pray for, is that bitcoin and crypto payments gets integrated into our payment system, crypto payment can co-exist with fiat payment for sure.

[KiaKia]

There is no crypto that's going to dominate the world, Bitcoin is the true store of value and if possible Ethereum also get bigger like Bitcoin they both aren't going to replace Fiat, these digital currencies are not created to replace money, they are just options for people that need them.

Either educated or not there will always be option to choose any payment solution, I believe that Fiat isn't going anywhere, even if digital future makes paper money feels old it can be replaced with another Fiat in digital form, that's it.

Crypto or digital currencies can't be forced on people to start using as day to day payment solutions, it's not a must for people to start using, if you want you can but you will need to find those that will accept it as medium of payment.

[Solokan]

I think you are looking at the negative side too much, I think a group of people who don't know about crypto will definitely learn it because they have a need to live or support their families and they could potentially become experts in crypto, as long as they work hard and continue to broaden their knowledge, because All humans are the same as long as they are willing to learn and try. However, it is possible that negative sides will emerge, but personally I think I am optimistic that if that happens, everyone will definitely adapt.

and in my opinion, if crypto dominates the world, of course the governments of each country will also provide learning and insight about crypto for people who don't know much about crypto. So in my opinion, don't be confused about this, so you just need to think positively.

[Dr.Osh]

I think that bitcoin or cryptocurrency will develop rapidly in the future, but I think it will only be an alternative, so I think your concerns regarding the things you mentioned can be reduced. Apart from that, several things you need to know are that the government has complete control over the economic system in a country, so I think they will not let a decentralized system control them. Apart from that, the Bank will definitely make adaptations regarding this, so I think the unemployment you mean will probably not happen.
Apart from that, when cryptocurrency dominates, it doesn't mean that Fiat doesn't apply, I believe that fiat will still be the main transaction tool, so that people with backgrounds who find it difficult to understand technology can still use this transaction tool.

[oktana]

~~

To put it bluntly, the possibility of cryptocurrency taking over fiat will never happen, it will only happen when the government is no longer the leader and controller of this world. But if that happens, our world will collapse, the world cannot exist without leaders. As long as governments exist, they will use fiat currency or whatever they control, they will never allow bitcoin or any other decentralized currency to take the place of fiat. Furthermore, bitcoin was not created to take over or completely replace fiat, it is just an alternative.

You are making some pretty bold statements DanWalker.

You are suggesting that if governments cannot control money, then they have no purpose in existing, so the world as we know it cannot exist, and it seems to me that you are presuming too much in regards to governments having to be in control of money otherwise they cannot do their jobs of representing people or whatever it is that they are supposed to be doing versus what they actually do.

Personally, I believe that government can still exist without being in charge of printing and/or debasing the money, as seems to be their current and even historical practices, even maybe there had been times in which they debased it less or maybe sometimes they did not intend to debase the money, but it just happened as part of the process.. so maybe some of the spiraling debt system pickle that various governments are currently in was not completely their fault or intentional at all times, but many of us should recognize and appreciate that they are in a really shitty situation, even though maybe they can continue to prop up the current system for another 10-20 or even 50 years, but it seems that bitcoin provides a better system, in which it would be best to try to transition into whether we are talking on the individual level, institutions and/or governments.

Once governments transition into bitcoin, they will likely find themselves having different parameters and having to set up new ways of dealing with and interacting with people... and I don't claim  to know how the various systems are going to evolve, but I am surely not going to presume that government and bitcoin cannot exist in some kind of comfortable and/or stable state at the same time.

I agree with this. Government and Bitcoin’s decentralization already coexists, or isn’t it what is going on today? But if government was to adopt Bitcoin, the issue is that they will need control over it. In as much as it doesn’t sound well to me, I understand that this is their only way to track fraud, money laundering, etc. However, it depends on how the government chooses to adopt it, it is possible they ruin the purpose while doing. They can also somehow adopt it and we can still see the legacy of Bitcoin. But for a fact, the coexistence of government and Bitcoin is pretty possible.

[Dzwaafu11]

3: Many developing or underdeveloped countries (especially those with low leverage) will consider cryptocurrency a curse rather than a blessing due to their lack of proper understanding of its importance.

Both developed and undeveloped countries will face this, as crypto is not their local currency, but they will only experience it earlier. When such incidents happen, they will get rid of it when they learn how the cryptocurrency works, and they will enjoy it more than the fiat currency. Since you know, when they think that cryptocurrency is the curse of what they are facing, it's because they don’t have the knowledge, but when they learn the skills to use it and how useful the crypto is, they will understand that it’s a blessing to them.

4: I have seen among my acquaintances who still cannot fully trust the bank (banking is some kind of rigging or fraud) and therefore leave their valuable assets (gold or money) on their own instead of depositing them in the bank.

Normally, the reason why some people don’t trust banks is because banks have been playing with their funds, and the government is also the one controlling their funds, not them, which means they won’t get access to the money without another person knowing, so you will see that those people don’t believe in such acts. However, they don’t want to hand over their money to someone, and that is why they handle it on their own.

For those who do not believe in banks, how exactly will they accept this currency system?

Those who do not believe in banks are the ones that will easily accept cryptocurrency, in my opinion, because when they tell them how freedom it’s and how they will be one to handle their funds without any third party, you know that is what they are avoiding, which stops them from depositing money in banks. I believe they will easily accept crypto when they are taught about it and told that their money will be in their custody without anyone knowing before they get access to it. That is what will motivate them to accept it.

[cafter]

 ???OP's question is like the bitcoin will become world currency in a blip and everyone who don't know about crypto and is not very educated will lost their job and become unemployed.
But it's not very easy to replace fiat or banks with crypto, if in future the world or government will make bitcoin legal tender than centralized banks and crypto will work simultaneously.
banks will not going to shutdown anytime in the future.

[Alpha Marine]

1. When virtual currency or crypto-currency reigns all over the world, the banking system will be miserable, and a group of people (who do not know about crypto-currency or bitcoin) will be unemployed all over the world, who till now were working at the convenience of various banks.

2: Unemployed people (due to a lack of knowledge of currency requirements or benefits) will not be able to handle this shock in the first place, due to which they will face various financial, lateral, physical, and mental problems, which is a big challenge for them. 

I don't believe Bitcoin or crypto will take over fiat as the world's major means of exchange but let's assume that happens, it won't happen overnight. It will take years for that to happen and in those years many people if not everybody will begin to adapt to the new system till it finally takes over.
I wasn't around then, but I'm certain that when paper money became a thing, it didn't just happen overnight. It happened over time. The same will be the case for Bitcoin. In the case of Bitcoin, it's digital, and not everybody in the world is digital, neither is every transaction digital, so first the whole world has to go digital before Bitcoin can stand a chance of taking over.

3: Many developing or underdeveloped countries (especially those with low leverage) will consider cryptocurrency a curse rather than a blessing due to their lack of proper understanding of its importance.

I think you're getting it all wrong.
Developing countries have a higher rate of unbanked people and this kind of pushes them to crypto. People in countries with less respect for human rights, poor political structure, poor economy, and low employment rates, People in the countries like US or the UK might go into crypto because it is an investment opportunity but people in third world countries might go into crypto because it's an opportunity to get away from their oppressors.
If you look at the list of top 20 countries with crypto activities, 13 of those countries are developing countries.
There's a reason China has so much crypto activity even though it was banned in the country.

4: I have seen among my acquaintances who still cannot fully trust the bank (banking is some kind of rigging or fraud) and therefore leave their valuable assets (gold or money) on their own instead of depositing them in the bank. For those who do not believe in banks, how exactly will they accept this currency system?

It is for this same reason that people would go into Bitcoin. If they can't trust a centralized system, then they'll most likely prefer a decentralized system.

[JayJuanGee]

~~

To put it bluntly, the possibility of cryptocurrency taking over fiat will never happen, it will only happen when the government is no longer the leader and controller of this world. But if that happens, our world will collapse, the world cannot exist without leaders. As long as governments exist, they will use fiat currency or whatever they control, they will never allow bitcoin or any other decentralized currency to take the place of fiat. Furthermore, bitcoin was not created to take over or completely replace fiat, it is just an alternative.

You are making some pretty bold statements DanWalker.

You are suggesting that if governments cannot control money, then they have no purpose in existing, so the world as we know it cannot exist, and it seems to me that you are presuming too much in regards to governments having to be in control of money otherwise they cannot do their jobs of representing people or whatever it is that they are supposed to be doing versus what they actually do.

Personally, I believe that government can still exist without being in charge of printing and/or debasing the money, as seems to be their current and even historical practices, even maybe there had been times in which they debased it less or maybe sometimes they did not intend to debase the money, but it just happened as part of the process.. so maybe some of the spiraling debt system pickle that various governments are currently in was not completely their fault or intentional at all times, but many of us should recognize and appreciate that they are in a really shitty situation, even though maybe they can continue to prop up the current system for another 10-20 or even 50 years, but it seems that bitcoin provides a better system, in which it would be best to try to transition into whether we are talking on the individual level, institutions and/or governments.

Once governments transition into bitcoin, they will likely find themselves having different parameters and having to set up new ways of dealing with and interacting with people... and I don't claim  to know how the various systems are going to evolve, but I am surely not going to presume that government and bitcoin cannot exist in some kind of comfortable and/or stable state at the same time.

I agree with this. Government and Bitcoin’s decentralization already coexists, or isn’t it what is going on today? But if government was to adopt Bitcoin, the issue is that they will need control over it. In as much as it doesn’t sound well to me, I understand that this is their only way to track fraud, money laundering, etc. However, it depends on how the government chooses to adopt it, it is possible they ruin the purpose while doing. They can also somehow adopt it and we can still see the legacy of Bitcoin. But for a fact, the coexistence of government and Bitcoin is pretty possible.

I mostly agree with you oktana, except I am having some difficulties with attempts to suggest exactly how much control that any government needs to have over something like bitcoin in order to attempt to establish various kinds of policing systems, and there are likely a variety of ways that fraud and money laundering can be tracked, but it does not necessarily mean that they have to have control over bitcoin in as much as they likely do not need to have control over people, even though there are ongoing inclinations to create systems in that direction, but the mere fact that systems are created in certain overbearing ways does not mean that it is the ONLY way to attempt to accomplish similar kinds of goals...

so maybe my point is not so much to attempt to get into figuring out exactly what kinds of systems are feasible and possible and functional along side bitcoin, but instead to at least acknowledge that both can exist, and there likely are going to be transitional periods in which earlier systems might look different from later systems... and bitcoin and fiat systems and government systems are ever changing, and even if bitcoin might end up absorbing a lot of the value of the various fiat systems, it could take 50 to 200 years to evolve into systems in which bitcoin might be considered the world reserve (settlement system), and surely there are knowns and there are unknowns, but there are also known unknowns and also unknown unknowns..so it is not like any of us could even have exact answers regarding what the balance between government and bitcoin might end up being...

In my earlier post, I mostly just wanted to point out that it seems quite implausible to come up with some kind of an assertion that bitcoin and government is incompatible.

OP's question is like the crypto will become world currency in a blip and everyone who don't know about crypto and is not very educated will lost their job and become unemployed.

Yeah, but OP was saying bitcoin was going to become a world currency not crypto.. and so even if OP was not very precise, he seemed to be putting his assertions mostly in the context of bitcoin rather than being overly vague about the matter. even though when we are referring to the future, there is likely going to be quite a bit of vagueness when we do not really know all of the factors.. but does that mean that we should make vague and meaningless assertions regarding some mythical role of crypto without giving it some kind of a bitcoin foundation?..

When you say crypto, what is crypto anyhow?  Does that expression mean much of anything unless you place it into some kind of a bitcoin context?, and if you are talking about bitcoin then why not say bitcoin at some point rather than using vague and imprecise language regarding how some kind of a supposed crypto has any kind of meaning without somehow figuring out how you consider the role of bitcoin to be within whatever it is that you might be saying...

and yeah, there are people with multi-coin views of the world that try to act like they have some kind of superior knowledge because they use vague language and there is an implication that some various coins (yet unknown) are going to be the systems of the future and maybe it is going to involve bitcoin and maybe it is not going involve bitcoin.  So they speak in generalities, but does that get us anywhere in terms of understanding what is being discussed?  

Op did not emphasize crypto, but instead seemed to be talking about bitcoin serving in a kind of dominant role, not some vague and non-specified and meaningless concept, aka crypto.

But it's not very easy to replace fiat or banks with crypto, if in future the world or government will make bitcoin legal tender than centralized banks and crypto will work simultaneously.
banks will not going to shutdown anytime in the future.

At least you did use the term bitcoin in this part of your response, and probably if we are hypothesizing about the potential disappearance of banking systems, there is going to need to be some ideas about what might replace them and how it might both be secure and able to serve some of the purposes of our current banks.. including that ongoingly there are going to likely continue to be some people who are going to need more hand-holding in terms of the ways that they manage their money, and surely many of the bitcoiners (and even shitcoiners too) have likely come to realize that several aspects of the banking systems are mechanisms of control, and surely there are several aspects of the masses who don't seem to mind being subjected to control as long as they also have ways to conveniently access their money... We cannot necessarily blame people for frequently not being able study the various tradeoffs of money since maybe they frequently will feel that they don't have enough money anyhow... so they are frequently spending time getting money rather than thinking about the various trade-offs that exist between current banking systems that they might use as compared with having to learn about bitcoin or maybe some shitcoin, if you believe that might be another avenue that people might consider as an option regarding the various ways that they might store value and transact their value for goods and services..or sometimes maybe in the context of something like remissions to send it to themselves and/or to others. maybe in other countries or maybe in the same country..

[Mr.suevie]

~~

To put it bluntly, the possibility of cryptocurrency taking over fiat will never happen, it will only happen when the government is no longer the leader and controller of this world. But if that happens, our world will collapse, the world cannot exist without leaders. As long as governments exist, they will use fiat currency or whatever they control, they will never allow bitcoin or any other decentralized currency to take the place of fiat. Furthermore, bitcoin was not created to take over or completely replace fiat, it is just an alternative.

You are making some pretty bold statements DanWalker.

You are suggesting that if governments cannot control money, then they have no purpose in existing, so the world as we know it cannot exist, and it seems to me that you are presuming too much in regards to governments having to be in control of money otherwise they cannot do their jobs of representing people or whatever it is that they are supposed to be doing versus what they actually do.

Personally, I believe that government can still exist without being in charge of printing and/or debasing the money, as seems to be their current and even historical practices, even maybe there had been times in which they debased it less or maybe sometimes they did not intend to debase the money, but it just happened as part of the process.. so maybe some of the spiraling debt system pickle that various governments are currently in was not completely their fault or intentional at all times, but many of us should recognize and appreciate that they are in a really shitty situation, even though maybe they can continue to prop up the current system for another 10-20 or even 50 years, but it seems that bitcoin provides a better system, in which it would be best to try to transition into whether we are talking on the individual level, institutions and/or governments.

Once governments transition into bitcoin, they will likely find themselves having different parameters and having to set up new ways of dealing with and interacting with people... and I don't claim  to know how the various systems are going to evolve, but I am surely not going to presume that government and bitcoin cannot exist in some kind of comfortable and/or stable state at the same time.

I agree with this. Government and Bitcoin’s decentralization already coexists, or isn’t it what is going on today? But if government was to adopt Bitcoin, the issue is that they will need control over it. In as much as it doesn’t sound well to me, I understand that this is their only way to track fraud, money laundering, etc. However, it depends on how the government chooses to adopt it, it is possible they ruin the purpose while doing. They can also somehow adopt it and we can still see the legacy of Bitcoin. But for a fact, the coexistence of government and Bitcoin is pretty possible.

I think there will be no option but for the two to actually coexist. Before now, I think fraud and money laundering has been existing and even without the presence of Bitcoin and even the government themselves know this. Bitcoin has come to stay and I think the government knows this as the more effort they try to get rid of it the more the adoption becomes stronger. I believe it's only a matter of time as it's the only constant for things to change and it holds the final on the coexistence of the two. But just like you said, the coexistence has already begun just take the scenes in El Salvador for example.

[TakeItEasy]

There is no crypto that's going to dominate the world, Bitcoin is the true store of value and if possible Ethereum also get bigger like Bitcoin they both aren't going to replace Fiat, these digital currencies are not created to replace money, they are just options for people that need them.

Either educated or not there will always be option to choose any payment solution, I believe that Fiat isn't going anywhere, even if digital future makes paper money feels old it can be replaced with another Fiat in digital form, that's it.

Crypto or digital currencies can't be forced on people to start using as day to day payment solutions, it's not a must for people to start using, if you want you can but you will need to find those that will accept it as medium of payment.

Ethereum is far behind from the Bitcoin, as we have seen the bitcoin prices through which other coins have also more reactions but I didn't see other coins which ever changed their prices due to the upward movement of the Ethereum and due to its downward movement. But I can say only those token which may be in the chain of Ethereum has already changed their replacement and their prices many times.

Although bitcoin has its own way and its own system, the price of bitcoin is very and very high as compared to the Ethereum as it is difficult for the Ethereum to reach the price of Bitcoin but one thing I must say that we have to see for the market, as in crypto we can expect and anything can happen.

[coupable]

1. When virtual currency or crypto-currency reigns all over the world, the banking system will be miserable, and a group of people (who do not know about crypto-currency or bitcoin) will be unemployed all over the world, who till now were working at the convenience of various banks.

2: Unemployed people (due to a lack of knowledge of currency requirements or benefits) will not be able to handle this shock in the first place, due to which they will face various financial, lateral, physical, and mental problems, which is a big challenge for them. 

3: Many developing or underdeveloped countries (especially those with low leverage) will consider cryptocurrency a curse rather than a blessing due to their lack of proper understanding of its importance.

4: I have seen among my acquaintances who still cannot fully trust the bank (banking is some kind of rigging or fraud) and therefore leave their valuable assets (gold or money) on their own instead of depositing them in the bank. For those who do not believe in banks, how exactly will they accept this currency system?

I think you approached the issue from a relatively limited point of view. We cannot assume that Bitcoin will spread throughout the world with these difficulties that you mentioned. We have the experience of El Salvador, which, although not perfectly successful, provides an example of the idea of establishing Bitcoin as a regulated exchange system, with the strong currency it provides (compared to the local currency) and a solid payment system.

[Dr.Bitcoin_Strange]

OP, you are wrong, in my opinion. First of all, you must know that what you are even thinking can be very impossible in the sense that Bitcoin was not created to be centralized and regulated by any authority, and there is no way the Bitcoin you are talking about can reign over the whole world without being regulated by the government, and they cannot possibly be regulated because they are not the investors in Bitcoin like they invested Fiat cash. Another thing is that since Bitcoin is not stable (high volatility), they will not want to approve it worldwide.

Bitcoin is the head in the crypto world, and there is no way the government can even legalize any altcoin if not Bitcoin first. There is always regard for Bitcoin.

Secondly, @OP, even if what you said is possible, those who lack knowledge of Bitcoin, blockchain technology, and other cryptocurrency will definitely learn about the technology and its user case. The use of bitcoin or cryptocurrency is not very sophisticated. Even bank workers studied at the university for some years and archived their degrees; that's also how people will learn about whatever they need to know about blockchain technology. If necessary.

[Essential10]

Well, don't you think if the whole world is dominated by cryptocurrency or bitcoin, then some people will face a huge problem?
  I have discovered some of the reasons for this. For example- 

1. When virtual currency or crypto-currency reigns all over the world, the banking system will be miserable, and a group of people (who do not know about crypto-currency or bitcoin) will be unemployed all over the world, who till now were working at the convenience of various banks.

2: Unemployed people (due to a lack of knowledge of currency requirements or benefits) will not be able to handle this shock in the first place, due to which they will face various financial, lateral, physical, and mental problems, which is a big challenge for them. 

3: Many developing or underdeveloped countries (especially those with low leverage) will consider cryptocurrency a curse rather than a blessing due to their lack of proper understanding of its importance.

4: I have seen among my acquaintances who still cannot fully trust the bank (banking is some kind of rigging or fraud) and therefore leave their valuable assets (gold or money) on their own instead of depositing them in the bank. For those who do not believe in banks, how exactly will they accept this currency system?

I might be wrong, and I don't know much about advanced technology, crypto, or bitcoin yet, so please don't take my questions negatively.
 In fact, all these questions have been created from the thoughts that I have presented here.

The growth of cryptocurrencies can easily create challenges and face serious problems in the future, including regulatory and ethical issues. You mentioned some messages in advance with respect to future events. If the whole world accepts then crypto currency or Bitcoin it will rule the whole world. If this is the case then those who are not aware of crypto currency or Bitcoin will be informed about Bitcoin through government process training. Currently, the unemployment rate in the world is already high. I don't think that there will be much variation in unemployment with the rise of crypto currency. But yes for many developing and underdeveloped countries it will be very difficult to handle such pressure. Since the number of bitcoins is fixed. It seems to me that various countries, especially developed countries, currently hold gold as the main reserve, and will prefer Bitcoin as a reserve. It is a matter of long time for crypto currency or Bitcoin to reach such a state.

[Ruttoshi]

1. When virtual currency or crypto-currency reigns all over the world, the banking system will be miserable, and a group of people (who do not know about crypto-currency or bitcoin) will be unemployed all over the world, who till now were working at the convenience of various banks.

Nopes you are thinking from a shallow reasoning. Banks will still exist but they will adapt to the new changes by also selling and buying bitcoin and they will even help those that can't keep their coins themselves to keep it in the bank. So if banks closed down because bitcoin has taken over, who will make it easy for people to have easy access to bitcoin, still the banks. It is always good one should upgrade with the latest technology and be flexible to adapt with changes because we like it or not changes must occur, it is something natural.

2: Unemployed people (due to a lack of knowledge of currency requirements or benefits) will not be able to handle this shock in the first place, due to which they will face various financial, lateral, physical, and mental problems, which is a big challenge for them. 

What shock, of adopting bitcoin? They will already be informed and probably be have been taught on how to go about it. This is because you must make daily spending and bitcoin is easy to learn on how to make transactions with. You should also know that it will be impossible for bitcoin to replace fiat. So it will become a matter of choice for any individual to chose either bitcoin or fiat for their daily spending. This means that everybody will be living their normal lives.

3: Many developing or underdeveloped countries (especially those with low leverage) will consider cryptocurrency a curse rather than a blessing due to their lack of proper understanding of its importance.

Bitcoin is more of a blessing than curse, which soon the whole world will realize this but it will be a gradual process.

4: I have seen among my acquaintances who still cannot fully trust the bank (banking is some kind of rigging or fraud) and therefore leave their valuable assets (gold or money) on their own instead of depositing them in the bank. For those who do not believe in banks, how exactly will they accept this currency system?

Such people will be very happy to be their own bank by keeping their bitcoin in their self custodian wallet. Since bank is a centralized system but bitcoin is the opposite. This are the people that needs bitcoin most.

[Mr.suevie]

.

Secondly, @OP, even if what you said is possible, those who lack knowledge of Bitcoin, blockchain technology, and other cryptocurrency will definitely learn about the technology and its user case. The use of bitcoin or cryptocurrency is not very sophisticated. Even bank workers studied at the university for some years and archived their degrees; that's also how people will learn about whatever they need to know about blockchain technology. If necessary.

Fuck crypto, I think Bitcoin is what is being referred to here and although we can't deny the fact that there is a possibility of Bitcoin becoming globally accepted of which is just a small percent of you ask me but I believe we can't write out anything in the world of possiblity as I believe no one would have taught that Bitcoin would get this massive adoption and attention prior to the first time it was created.

I believe as Bitcoin continues to grow more person or government would have no option than to join the queue on the diversification of its use as the way El Salvador have done although it's still in testing phase but I believe this sends a statement that Bitcoin use and government is actually possible even if they don't accept to the phase of making it a legal tender, learning about it more to properly know the areas which they can benefit won't be a bad idea and this has also started with my nation that first posed a restriction on the use of Bitcoin, now that decision has been reviewed back and plans to start learning more on Blockchain technology has put in place by the government so as they can know the area of which they can all benefit mutually from Bitcoin tech. That's certainly a growing and big step up in terms of Bitcoin and it's relation also with government if you ask me .

[tjtonmoy]

Maybe not our generation or the generation before us but the future generation will surely understand the technology and knowledge behind Bitcoin. Bitcoin is for everyone but not everyone can use it. Ask me why. Because there are still people who do not know how to use a smartphone. How can you expect them to understand a complex thing such as Bitcoin? Imagine an old person just chilling at his farmhouse. Does he really need to understand Bitcoin at this age? Of course not, just let him enjoy his life and when he has lived his whole life, he will be gone.

This is why crypto and traditional currency should coexist. You cannot just come to people and force something to them. People are more comfortable using what they already know. Adding something additional to it will open up possibilities for people whether they want to use it or not. That way you get the best of the both worlds. And maybe day by day in the future More people will show interest in learning new technology like Bitcoin and only then we will see total adoption of it. Until that time comes, they both should coexist in order to make life easier.

[Obari]

I don’t know how best people will handle this but the truth be told that humans always have adaptive features and I’m sure everyone will also adapt to the change no matter how difficult the changes might seem and I also agree with the first commenter on your thread that bitcoin isn’t the first legal tender and yet people accepted it and vibed with fiat and if bitcoin comes to stay, everyone will still accept it no matter how difficult it might seem.

[GbitG]

3: Many developing or underdeveloped countries (especially those with low leverage) will consider cryptocurrency a curse rather than a blessing due to their lack of proper understanding of its importance.

Yes, my dear friend, you are right that they consider Bitcoin a curse instead of a blessing. It's not on developing and underdeveloped countries; every person or country will fall into thinking of this catagory i.e., Bitcoin, as a curse who doesn't know what exactly Bitcoin is and how beneficial it is for us. Or the second is that he has come to his ego and he considers Bitcoin as cursed because Bitcoin has eliminated this fait currency or relieved this centralized ecosystem that is earning money for free as a third party.

So it means that these people have no answer as to why they think Bitcoin is cursed; rather, those people or countries are stubborn because of jealousy and envy. The reason for not adopting it is that by adopting it, the fait currency will end and decentralized implementation will occur, in which the powers will be chained from them and given to Bitcoin. The governments of these countries do not want their public assets to be seen as subordinate to them.