Crypto and the Masses

[harapan]

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology.  But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

The education level should be emphasized on;that is breaking down the complex sectors,ideas and benefits of adoption.
 It's not just an investment factor,but Also a currency that puts us in charge against fait fears and insecurities.Let's show the masses the opportunities that bitcoin has to offer people in contrast to fait.

It is accessible and can be used to purchase goods and services anywhere,transaction transparency is also a good feature that needs to be fully considered.

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[Mpamaegbu]

Share your thoughts on making crypto more accessible to the general public

I think regulation of crypto industry will change the face of crypto investment as it will instill confidence and trust in the industry unlike what's happening now that there's a preponderance of unchecked scam activities. I know many in this industry don't like it as they think it will compromise their privacy. Well, maybe. They could be right on the privacy thing but I think the overall effect will be for the betterment of the industry.

~

I think many economists in the world still don't know what blockchain technology is and how it works.

You didn't lie there. I've seen cases where bank staff aren't even in the know of what Forex trading is. It's really disappointing that those we assume would know certain stuff begin to display their ignorance around it.

[borovichok]

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology.  But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

The masses are primarily responsible for the market trends that emerge. We share our thoughts and ideas, some of which work and some of which do not, that's simply what we call failed projects. The market has changed due to the current parameters of our investment strategy; in the meantime, we hoped for solid positive developments. We've become acquainted with the system, and I can tell you that the vast majority of people have turned their backs on crypto, and they're the current traders who are deeply regretting the lack of balance in the system.

[Pmalek]

The masses don't need to adopt cryptocurrencies on a whole. Understanding the benefits of what Bitcoin gives you is more than enough. After that, you will realize that almost everything else are cheap knock-offs and copycats only good for a quick pump and dump. Bitcoin is a great alternative for those who have experienced problems with the traditional financial system. It's great for the unbanked. Those groups are potential target audiences.

It's difficult to get big names involved, especially if they acquired their wealth with traditional investments. That's why I never cared what Warren Buffett and the likes think of Bitcoin.   

[uneng]

So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

Crypto services work like middlemen between the masses and blockchain technology, because they make the whole adoption process simpler and intuitive for those who aren't skilled on informatics field. Through crypto centralized platforms, newbies can start purchasing and holding their first sums of Bitcoin, while through hardware wallets such as Ledger and Trezor, they can start holding their assets in a safe manner. If it weren't for such services, adoption process would be much harder and exclusive to a small portion of the global population who masters informatics, programming and internet know-how.

With that in mind, we can't completely blame and condemn centralization, as it's helpful in some aspects and even necessary if we want Bitcoin and cryptocurrencies in general to become more recognizable and adopted in global scale. It's necessary to understand most people aren't programming specialists, therefore those who are have to create alternatives for those who aren't to also become part of crypto universe, despite their limitations.

[oktana]

It is true that the entire mass hasn’t adopted the blockchain technology. However, if you look through each and every year, you’ll see that bitcoin and cryptocurrencies at large has been growing and reaching more people. All these trends around cryptocurrency still boils down to even more adoption. So I really think that we’ve been doing great. You also have to consider that It’s the adoption that has given it its current value. Little by little, we will keep growing.

But It will take a long time. Current pace is not enough for the current generation. may be next generation will get the full benefits of them.

What if I told you that it’s even better for it to take more time but grow well than for it to be forced to grow. Without trying to speed up Bitcoin’s growth and adoption, it’s already done really great. Look what was worth a couple of cents, it can buy a brand new car today. Also, I think it’s unrealistic to expect a total or even fast adoption. Because people did not grow up with Bitcoin. It just happened eventually about a decade ago. People born today will easily adapt because this information was already available before they were born. Just like we all know what a bank is and we use it. We were born into it. Just my opinion though.

[pawel7777]

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology.  But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

There is a time when we need to stop deluding ourselves about being "early adopters". When we reach the point when almost every adult has at least heard about crypto - then it's fair to say we're no longer in the early adoption phase.
Why would the masses adopt crypto in the first place and what does it mean exactly? Replacing fiat money with crypto? That's not going to happen unless there's some sort of financial collapse or hyperinflation event. Otherwise, people will be spending the money they earn and maybe hold crypto as an investment or a hedge. And there's nothing wrong with it.

[GeorgeJohn]

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology.  But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

Cryptocurrency has become influential since seven years ago so therefore I will like to say that we have to understand the accessibility of bitcoin to individual right now, I know quite well that the adoption of bitcoin is something that bitcoin influencers have done to bitcoin,  so therefore I believe that to be part of bitcoin adoption is base on the initial awareness

[Oasisman]

How can we bridge the gap between mainstream adoption and the complexities of blockchain technology?

We dont!
The continued appearance of bitcoin in the movies, advertisements, and even in any commercial areas or businesses, will do the work. If people are constantly seeing or hearing about it every single time, it'll  catch their attention. From there, they will do their own research about bitcoin. The blockchain technology is a little complicated than learning how bitcoin works and how to secure it to lessen the risk of getting loses.
We don't need to rush and push harder on the global adoption since bitcoin is doing so well even if it's not widely adopted globally, but that doesn't mean there were no improvements on the adoption, bitcoin has been gradually being adopted more than any governments in any country who's banning crypto transactions. The continued increase of value every year passed is a living proof of it. So, again we should never stress ourselves out on how to spread the word about bitcoin to try to speed things up regarding global bitcoin adoption.

[GreatArkansas]

How can we bridge the gap between mainstream adoption and the complexities of blockchain technology?

We dont!
The continued appearance of bitcoin in the movies, advertisements, and even in any commercial areas or businesses, will do the work. If people are constantly seeing or hearing about it every single time, it'll  catch their attention. From there, they will do their own research about bitcoin. The blockchain technology is a little complicated than learning how bitcoin works and how to secure it to lessen the risk of getting loses.
We don't need to rush and push harder on the global adoption since bitcoin is doing so well even if it's not widely adopted globally, but that doesn't mean there were no improvements on the adoption, bitcoin has been gradually being adopted more than any governments in any country who's banning crypto transactions. The continued increase of value every year passed is a living proof of it. So, again we should never stress ourselves out on how to spread the word about bitcoin to try to speed things up regarding global bitcoin adoption.

The community or other people must also have a mindset that is eager to teach new people that is starting to get introduced to Bitcoin.
We must think that learning or using Bitcoin is not only for investment but for innovation.
From what I observed, most of the people that getting introduced to Bitcoin are just only for money, they are greedy enough to not learn anymore the basics of Bitcoin or how it works and some are ended being scam because of their grediness.

[icalical]

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology.  But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

As an idea that is extremely radical as Bitcoin, 14 years is actually not a long time, not to mention that in my opinion. Crypto only just actually booming worldwide after 2016 (CMIIW). I think the crypto community and enthusiast has been doing a good job in introducing and spreading word about Bitcoin. It's just that something new and radical like Bitcoin needs a long time for the general public to accept it, and to realize that this is what they need.

Even something like the Internet which a very useful and revolutionary which much less controversy and rejection needs more than 15 years to be accepted and applied globally.

[shepherd_gee]

I have been pondering through these since last night trying to ascertain the core reasons the adoption of Bitcoin is intricate. To dilate the usage of Bitcoin let's take a look at this few following points of mine.

1. Trustlessness:

Risk is what comes to ones mind when you mention btc, people have been made and recked in the market. The trustless ideology have instill greatly in the mindset of the masses as well as the government authorities.

2. Bitcoins are not widely accepted:

Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency.

3. Bitcoin valuation fluctuation:

The value of Bitcoin constantly fluctuate according to demand. Which currency should Bitcoin tied to when comparing valuation? These are still important questions the Bitcoin community still has no consensus over.

4. No valuation guarantee:

Since there is no central authority governing Bitcoins, no one can guarantee its minimum valuation. If a large group of merchants decide to “dump” Bitcoins and leave the market, its valuation will decrease greatly which will immensely hurt users who have a large amount of wealth invested in Bitcoins. The decentralized nature of bitcoin is both a curse and blessing.

It takes a strong mind to invest in this kinda system bearing all of these at heart. I do not blame anyone for any reason he or she has to jettison/adopt Bitcoin.

[0t3p0t]

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology.  But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

Curiousity and the dream of achieving financial freedom are two factors that drives the masses to blockchain technology or cryptocurrencies. Here in my country a lot of people are jumping into the world of crypto in the hope of getting profit and other opportunities. With NFT games that is on trend it drives people crazy and that is how adoption started. Since we are in a cryptocurrency friendly country the percentage of mainstream adoption is increasing.

[libert19]

For crypto to get adopted by masses, crypto should do better than what is already mainstream. Why pay with crypto with it's long confirmation times and hefty fees when they can use card/cash to make payments instant and free.

You can't do worse than what's mainstream and expect that it'll get adopted.

Crypto must become feeless, instant and able to handle large amount of transactions.

[m2017]

Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology.  But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public

Perhaps ease of use could help bring bitcoin closer to the masses. Otherwise, these difficulties with seed-phrases and private keys (try to save and not lose), transaction fees (in which careless users often make mistakes and pay overpriced funds), problems with the mempool overload (which makes transactions take a long time) are frightening using bitcoin. If these points were eliminated, this could affect the distribution to the broad masses, but will bitcoin remain the same as before? And won't we get something like CBDC or centralized coins? Simplifying bitcoin would rob it of its benefits.

I imagine that it will be difficult for bitcoin to become truly mainstream due to its features, which are what make it unique. This is the nature of bitcoin, requiring a certain threshold of entry (knowledge and skills).

[the rise]

Unfortunately, crypto always faces obstacles to government regulation. Even though some countries have allowed crypto, in some cases crypto still cannot be too free. If bitcoin continues to be supported I don't think we will run out of news to keep bitcoin flying. But in any case the government is not wrong because it just wants to protect the real currency well enough. I think even bitcoin now deserves to be recognized as a high-value asset.

[moneystery]

that's because the government always prevents bitcoin from being used by more people for their transactions. the government through its regulations only allows bitcoin and altcoins to be traded on regulated exchanges and it prohibits users from being able to use bitcoin or altcoins to replace fiat currency in their transactions.

and also, the reason until now why the adoption of bitcoin and altcoins is still hampered is because people are still skeptical about it. they still think that bitcoin and altcoins are speculative assets and they don't really need their use right now.

but that may only be for now, in the future i am optimistic that more and more people will adopt bitcoin and altcoins for their trading and transactions, along with the development of the crypto market, information that is more easily accessible, the development of cryptocurrency technology, and adoption by governments.

[Webetcoins]

Bitcoin is just like water, it will find its way through even if there are hurdles in the way, that is what it has been doing since its inception. So, I don't think we need to be worried about the adoption or mass adoption because as we move into the future, more people will come to know about Bitcoin and will start adopting, using, and investing in it just like how we got so many people to do that so far. Bitcoin wasn't popular at all a few years back but look at it today.

Early adopters are fortunate to have done one of the best things of their lives which is accepting Bitcoin at its early stage. People these days envy those who got the opportunity to buy or get Bitcoin at its early stage because those who could hold onto their assets are millionaires or billionaires today.

[Hewlet]

Share your thoughts on making crypto more accessible to the general public

the importance of education and sensitization can't be over emphasized most especially as it regards this and knowing fully well that their are people seriously fighting against it adoption in many part of the world.

Cryptocurrency is accessible to the general public but the issue is that most people don't understand what cryptocurrency is and some of the ones that do, don't know the right cryptocurrency to invest in coupled with the reality that their are so many shitcoins and fake crypto projects flying here and their with internet scammers increasing on a regular bases, people need the assurance that making any crypto investment would be profitable and that their cryptocurrency would be safe.

If we are able to educate the masses on the advantages of investing in a crypto asset and guide them to know that they can protect their crypto holding without losing it to scammers then we would have gone a long way in spreading and increasing the possibility of it adoption in our localities.

The forum is a good example to show how helpful sensitization can be. Most of us had little knowledge on bitcoin and other altcoin before joining the forum but after participating in the forum discussions and airing out our views, we've come to know a whole lot of things and our understanding and thought process has been shappen to a very large extent.

[Blitzboy]

Bitcoin is just like water, it will find its way through even if there are hurdles in the way, that is what it has been doing since its inception. So, I don't think we need to be worried about the adoption or mass adoption because as we move into the future, more people will come to know about Bitcoin and will start adopting, using, and investing in it just like how we got so many people to do that so far. Bitcoin wasn't popular at all a few years back but look at it today.

Early adopters are fortunate to have done one of the best things of their lives which is accepting Bitcoin at its early stage. People these days envy those who got the opportunity to buy or get Bitcoin at its early stage because those who could hold onto their assets are millionaires or billionaires today.

Looking back, Bitcoin has thrived despite regulatory issues and market volatility. That resilience speaks much about its future. You have my support for adoption. Its up and no stopping. Bitcoin's promise as an inflation hedge and symbol of financial independence attracts more individuals daily. The attention rise is proof of Bitcoin's worth and attractiveness.

Certainly, early adopters were visionaries. They saw possibility where others saw doubt. However, its not just about being early; its about believing in Bitcoin's intrinsic value. Some Bitcoin holders kept onto their coins because they trusted in its future as a revolutionary financial tool. They were smart and lucky.