Bitcoin next phase should be real world adoption.

[Luzin]

Bitcoin is above that, there is no central authority dictating matters.

There are no global rules that regulate prohibitions as a means of transaction because countries have the right to determine their own regulations. As a global financial institution, the IMF can only advise against its use. Countries cannot dictate internally, as the technology is clearly open. But some countries have the authority to regulate the transaction tools used. For example, my country only allows it as a commodity. Clearly, the transaction tool in my country is the local currency. It might be possible to transact with Bitcoin, but maybe in secrecy. If I am found transacting with Bitcoin, I could be imprisoned for up to 1 year and fined up to 200 million. Currently, transactions are limited due to regulations and inadequate capacity. But perhaps in the future, real adoption could happen, though not in the near term. CMIIW

[SeriouslyGiveaway]

There are no global rules that regulate prohibitions as a means of transaction because countries have the right to determine their own regulations. As a global financial institution, the IMF can only advise against its use. Countries cannot dictate internally, as the technology is clearly open. But some countries have the authority to regulate the transaction tools used.

They can do that if there are things related to national treasuries which have risk for IMF but if a nation as no loan with IMF, this foundation has no rights and no reasons to complain.

El Salvador made Bitcoin legal tender in their country but some years later, under request and pressure from IMF, that government had to stop "Bitcoin legal tender" in their nation.

What’s the status of Bitcoin in El Salvador after its IMF deal?

[macson]

I bet you're even reluctant to use Bitcoin for your everyday transactions. Because Bitcoin isn't that reliable for daily use. If you use it to buy an item, you have to wait for the confirmation time until it actually arrives to the seller. The fees are also something to consider, because even though they're actually more affordable now, you still have to pay fees for each transaction --- whereas with fiat money, you don't need to worry about that. Also, in some countries, regulations are really strict when it comes to using Bitcoin for daily payments. Even if you want to use it for payments, if no sellers accept it, it's basically pointless. So these things are considerations for using Bitcoin for daily payments.

[Smartprofit]

For example, in my country, using Bitcoin as a means of payment is strictly prohibited. This raises the question: how can a store on my street accept Bitcoin as payment for goods? Regulatory authorities would close it within 24 hours! 🙋

Governments of all countries prioritize protecting their national currencies. The situation is further complicated by the fact that Bitcoin cannot technically be used as a global means of payment. The number of possible daily transactions is limited. This is, incidentally, why stablecoins have become so widespread. In Asian countries, and elsewhere, stablecoins are very common. You can even buy real estate with them.

Therefore, the ideas of the author of this thread seem, unfortunately, utopian to me. Bitcoin's mission, in my opinion, is to fill the gaps in the modern financial system. Bitcoin can be used in situations where fiat currencies, for whatever reason, cannot be used. This is what constitutes mass adoption of Bitcoin.🧖

Bitcoin works best as an alternative to fiat. Both of them have strengths and weaknesses, that it can exist side by side. In your case, government policies are one of the impediments to the adoption of Bitcoin. In this condition, Bitcoin adoption would be slow. Businesses also prefer to accept a more stable currency as a means of payment. This makes fiat better than Bitcoin.

Bitcoin adoption will happen naturally, so we don't need to worry. Our responsibility is to promote Bitcoin as we can. But we cannot dictate to people how they would use Bitcoin. Everyone is free to use it the way they want.

Bitcoin and fiat currency can exist within the framework of the concept of the unity and struggle of opposites (classical dialectic).🙋

Governments will restrict Bitcoin's use by all means possible. Governments wield legislation and a powerful repressive apparatus. People will try to use Bitcoin because they are dissatisfied with how officials control their destinies. It's hard to live in countries with hyperinflation. It's hard to live when a commercial bank can block your transactions at any moment...

In their fight against Bitcoin, governments will introduce central bank digital currencies, KYC, and AML procedures. People, in response, will use Bitcoin in conjunction with Monero. This is dialectic! Dialectic is the basis of all development and evolution.💁

[Aanuoluwatofunmi]

I am seeing nothing standing as a hindrance to bitcoin massive flow in terms of adoption all over the world, the problem has been identified and the solution has been given h bitcoin network, we only have to spread more information about bitcoin relevance in financial economy and why everyone should consider adoption for their financial freedom, which I believe we are getting to that stage already to harmonize its adoption globally.

[laspol65]

I am seeing nothing standing as a hindrance to bitcoin massive flow in terms of adoption all over the world, the problem has been identified and the solution has been given h bitcoin network, we only have to spread more information about bitcoin relevance in financial economy and why everyone should consider adoption for their financial freedom, which I believe we are getting to that stage already to harmonize its adoption globally.

There is no more obstacle in adopting Bitcoin in the world, the countries that have adopted Bitcoin are currently the best and are able to implement the plans. The countries that have not adopted Bitcoin are secretly using Bitcoin but there is no pressure from the government, so at this time,
Bitcoin should be conveyed to more people because those who are yet to adopt Bitcoin should adopt Bitcoin quickly. However, we can spread Bitcoin more through each other's discussions and we can attract more people to invest by seeing the benefits of Bitcoin. So those who have not yet been able to invest in Bitcoin should invest in Bitcoin quickly.

[Abu-Naim]

I am seeing nothing standing as a hindrance to bitcoin massive flow in terms of adoption all over the world, the problem has been identified and the solution has been given h bitcoin network, we only have to spread more information about bitcoin relevance in financial economy and why everyone should consider adoption for their financial freedom, which I believe we are getting to that stage already to harmonize its adoption globally.

The obstacles Bitcoin has faced since it was created is enough to tarnish its image if it was guy going to be interrupted, yet despite all the obstacles, it survived and had more value than before.
Government are doing all they can to stop Bitcoin for long or to at least take control over it, since they have failed after several attempt, they only focus on exchanges that are offering crypto services. This is one good reason to think that there is nothing on earth to stop Bitcoin now. They can just decide to selfishly not widely accept it as medium of exchange recognized by the government, but many institutions are using Bitcoin and will continue to use it. No thing to stop Bitcoin right now.

[AprilioMP]

WHY REAL WORLD ADOPTION

Small Business should be part of the Bitcoin Ecosystem.
At this point in time I feel that, Bitcoin is only usefull to the big companies, CEO, traders and big investors. we should look beyond this and make Bitcoin useful and felt by ordinary people and  small business and small business is at the center of at this level.

Bitcoin should be seen as more than just an investment.
Bitcoin at this point is still at the level of an investment scheme, where people can invest and wait for return over a while. we should look at Bitcoin beyond that, if you ask me the reason is that Bitcoin was made to operate as a P2P electronic payment system. in as much as Bitcoin is seen as digital gold we should be thinking about not only Saving your money only in Bitcoin but, also making payments in Bitcoin.

The actions people take with Bitcoin can already be considered real actions. People’s adoption of Bitcoin is a real action.
To put it simply, it’s like communicating with someone over long distances by phone. Especially now that video calls are possible.
One thing I believe cannot be forced is compelling Bitcoin users to use Bitcoin as a payment method, because not everyone can do so—even if they really want to—due to national regulations.

[SquirrelJulietGarden]

To put it simply, it’s like communicating with someone over long distances by phone. Especially now that video calls are possible.
One thing I believe cannot be forced is compelling Bitcoin users to use Bitcoin as a payment method, because not everyone can do so—even if they really want to—due to national regulations.

With Bitcoin, no phone call, no video call but Bitcoin with private keys gives people full control of their bitcoins and they can sign Bitcoin message with private key. Other people are able to verify that signed Bitcoin message.

It's how people can prove their Bitcoin private key ownership and bitcoin with that keys, as well as any messages they want to communicate with each other.

Stake your Bitcoin address here.
Sign and verify easily with BitcoinMessageTools.
[Newbies] Read this before you stake an address.

[Brizi5000]

In as much as I would love to see bitcoin being used as day to day symbol of transactions, there are challenges which it could face and can be a hinderance in the quest to become a mainstream real-world day to day symbol of transaction because  there are many holders who wouldn’t want to spend their bitcoins on daily basis to make purchases because of the possible potential value in the future. They plan to HODL to provide them with a store of value rather than using it as a spendable currency. Congestions due to high network traffic can lead to a delay in transaction and confirmation at a certain retail services leading to some serious trust issues among individuals and customers.

[Sammye3]

I bet you're even reluctant to use Bitcoin for your everyday transactions. Because Bitcoin isn't that reliable for daily use. If you use it to buy an item, you have to wait for the confirmation time until it actually arrives to the seller. The fees are also something to consider, because even though they're actually more affordable now, you still have to pay fees for each transaction --- whereas with fiat money, you don't need to worry about that. Also, in some countries, regulations are really strict when it comes to using Bitcoin for daily payments. Even if you want to use it for payments, if no sellers accept it, it's basically pointless. So these things are considerations for using Bitcoin for daily payments.

You have said it all, and this is the hard truth that many bitcoin enthusiasts would never admit. Bitcoin is good as a store of value but can never replace the use of fiat currency for day-to-day transaction. Like you mentioned, some countries have strict regulations against bitcoin and some others do not accept bitcoin payment at all.

Bitcoin price volatility, government policies, some countries limitations to internet access, and other restrictions are a few reasons why Bitcoin would hardly make it as a legal tender like the fiat currency. Bitcoin and fiat could coexist and provide separate importance, because not all feature of fiat is replaceable with bitcoin.

[Compromise me]

Is using bitcoin as a store of value not considered as bitcoin adoption? The fact that its already accepted in the market and its network has been used by many people, then that already shows that bitcoin adoption has gone a long way.

The problem here, we stick to the whitepaper made by Satoshi Nakamoto that bitcoin should be originally used as a payment system, but we forgot to analyze it clearly that simply investing in bitcoin is already a good sign of bitcoin adoption. People invest in bitcoin because they trust the system, those who spend their bitcoin, that's also their own initiative aside from investing on it.

Volatility will be engaged with Bitcoin because it's  part of its nature till things are settled about stability, which have surely never been easily predictable when it's going to have any level where this could be done, so it's never been an issue. It's all about the fact that currently many merchants are using this through third parties, which are making things difficult, and they are not able to settle payments, which need quick responses.Now spending and using is an easy path for millions, but having this on level is a problem. Now keeping this as an asset or saving is giving enough encouragement because people are able to fight with inflation easily through its price movement. Short term use is risky, and I never have enough encouragement, but still it's having a good way for people to understand and can make it all easy.

[PostQuantumBTC]

Bitcoin works best as an alternative to fiat. Both of them have strengths and weaknesses, that it can exist side by side. In your case, government policies are one of the impediments to the adoption of Bitcoin. In this condition, Bitcoin adoption would be slow. Businesses also prefer to accept a more stable currency as a means of payment. This makes fiat better than Bitcoin.

Bitcoin is by far better than fiat, but fiat is useful for making everyday payments but not good to hold it which people call savings. It is bitcoin that people can hold and still have the thinking that their money will increase in value, unlike how the fiat have been with inflation from the government. Both bitcoin and fiat have their pros and cons but that does not make fiat better.

Bitcoin adoption will happen naturally, so we don't need to worry. Our responsibility is to promote Bitcoin as we can. But we cannot dictate to people how they would use Bitcoin. Everyone is free to use it the way they want.

You are right with this part.

[MisFoxie]

Bitcoin adoption actually grows very slowly because no group or company advertises it. Normally a banking company will advertise so much that everyone uses their app for making payments but since Bitcoin is not that profitable in this way no company or individual will advertises it either.

If an economic crisis starts in any country and everyone loses trust in banks or fiat only then will people shift to Bitcoin and it will spread very quickly throughout the world.

[terrific]

I am seeing nothing standing as a hindrance to bitcoin massive flow in terms of adoption all over the world, the problem has been identified and the solution has been given h bitcoin network, we only have to spread more information about bitcoin relevance in financial economy and why everyone should consider adoption for their financial freedom, which I believe we are getting to that stage already to harmonize its adoption globally.

The final boss has always been the government.
With them making modifications of their regulations can delay the global adoption that can massively happen.
But with how it looks like lately, I think that many of them are not going to be against the adoption of Bitcoin for as long as they also benefit.
And that it contributes to the society from small individuals, to large corporations who has got it which is a good sign of addition contribution to their economies.

[Asuspawer09]

I do understand your point here, but the reality is just different and we cannot deny the fact as well that stablecoins or fiat digital currency is just way better when it comes to day-to-day transactions. Just the volatile market price is already an inconvenience for the user so it just wasn't suitable for this kind of things yet, stablecoins might be better to this kind of things since it hold value quite well than Bitcoin, similar to fiat money.

I mean for me, Bitcoin is already better this way since that is what Bitcoin is, it might not be meant or created to be like that but it just became like that because of it's structure; the supply and demand etc., make it what it is today. It could be better for sure, and I would prefer it if I could use it as well, but if it has a stable market price, then it's not going to be good as an investment anymore. We can't just have it all in Bitcoin, but there are other cryptocurrencies like stablecoins, etc.

[Olotu20]

Bitcoin is Bitcoin, it's real and Bitcoin adoption is real too.

I don't understand "Bitcoin next phase should be real world adoption", because the adoption for Bitcoin has been real for many years since 2009. Bitcoin adoption already went to the main stream since Bitcoin Spot ETF approvals then operations since January 2024.

https://www.sec.gov/newsroom/speeches-statements/gensler-statement-spot-bitcoin-011023

Fake adoption is with altcoins and tokens that mostly die with time when fake adoption disappears quickly.

@Catenaccio you misquote me out of context, if you understand my argument you should figure out the point that, I was trying to drive home about. Nobody including me is doubting the success of Bitcoin since 2009 but, if you understand me you should know that there is a clear distinction between Bitcoin as an investment related asset and as a payment related adoption which is clearly the missing point here. And my argument is to bridge this gap which exists , am not downplaying the success of Bitcoin adoption since the inception of Bitcoin. But I feel that there is still room for improvement when it comes to Bitcoin adoption.

Off course Bitcoin spot ETF makes it more easier for individuals to gain more easier access and exposure to the Bitcoin market when it was approved back then. Not in the sense of a real world use which will translate to the use of Bitcoin as a local medium of exchange. Settling payments and services which made me to illustrate using Bitcoin in paying for groceries, paying in the supermarket etc .We should not forget that as far as the approval of Bitcoin Spot ETF is concerned it was only successful towards institutional adoption which to me doesn't translate to everyday  use of Bitcoin. Off course I stand to be corrected this forum is a place of getting knowledge and information.

https://www.pymnts.com/report/study/shopping-cryptocurrency-consumer-finance-digital-payments/

https://www.kansascityfed.org/research/payments-system-research-briefings/us-consumers-use-of-cryptocurrency-for-payments/

[famososMuertos]

At its core, the only requirement for a payment to take place is that the counterparty agrees to accept it. The specific method of payment is simply a matter of agreement between the parties involved; which is why some transactions are conducted using tangible assets, works of art, precious metals, or even "Pokémon" cards.

Regarding "real" adoption: while one might have argued a few years ago that adoption should follow the path you describe, that is no longer relevant in 2026. In an era where a single corporation could potentially buy millions of Bitcoins, the distinction becomes priority. Whether a million individual users choose to purchase everyday items with Bitcoin is certainly a social (perhaps even revolutionary) phenomenon, but it has little bearing on the current reality, where the primary metric is the total market volume that Bitcoin commands.

I believe the current discourse surrounding mass adoption (the idea that Bitcoin must become a means of everyday payment) aligns well with the sentiment immortalized by Satoshi Nakamoto: "If you don't understand me, I don't have time to explain it to you..."

In other words, how much longer are we going to keep waiting for this "mass adoption"—meaning the use of cryptocurrencies for everyday payments, like buying a cup of coffee? It's already happening. If someone doesn't see it that way, let them go ahead and buy their coffee with Bitcoin; but we can't keep waiting for people who simply fail to catch on.

imo by fM

[goldkingcoiner]

I think adoption is already happening, as do some posters in this thread. But the thing about adoption is, we can help speed it up by spreading the word and just integrating Bitcoin more into our lives, whether it is mining BTC, earning BTC through a side gig or accepting BTC at your place of business.

The problem is the government. While the government cannot regulate Bitcoin, it can regulate people by use of force and fear. So if the government does not allow Bitcoin to become legal tender then the rate of adoption will slow down.

At least the government cannot stop it. Silver linings and all...

[Maslate]

I think adoption is already happening, as do some posters in this thread. But the thing about adoption is, we can help speed it up by spreading the word and just integrating Bitcoin more into our lives, whether it is mining BTC, earning BTC through a side gig or accepting BTC at your place of business.

The problem is the government. While the government cannot regulate Bitcoin, it can regulate people by use of force and fear. So if the government does not allow Bitcoin to become legal tender then the rate of adoption will slow down.

At least the government cannot stop it. Silver linings and all...

It has always been the government because they don't want something to exist without their full custody. That's how greedy and selfish they are.

However, the good thing is, bitcoin's global adoption is already in progress. Despite the fact that majority are still seeing bitcoin as a good store of value, at least some of them are also using bitcoin for borderless transactions, and pay bitcoin online as long as the merchants are willing to accept it as a payment mode. That's already a good achievement for bitcoin, not to make bitcoin as a legal tender, but as an alternative to fiat sytem.