Quote from: Rooster101 on April 27, 2019, 08:45:36 AM

Quote from: AppliedOptimal on April 18, 2019, 08:09:36 AM

Is it going to start with poor countries and their dictators?
Is it going to start in the USA with their SEC and ETF and everything?
Discuss.

It is usually start with wealthy nations because they have the money and the available technologies. Most people and leaders in the wealthy countries are open minded than their counterparts in the poor countries. Proper knowledge in using cryptocurrencies is still the best way to increase the awareness of people in cryptocurrencies and this will speed up the adoption. A country that is open to this kind of technology wll surely experience a mass adoption in the years to come.

Bitcoin is a breakthrough and has become a wild success. However, there can be number of factors that are considered barriers to adoption. Some of the many to mention are price volatility, acceptance of Bitcoin , understanding of Bitcoin and restrictions on the use of Bitcoin. On the other hand, I still believe that there are potential aspects that drive Bitcoin adoption. Education is important to the extent that a developing community can support and grow Bitcoin. Store of value assigned Bitcoins reliability and can only achieve wide appeal if Bitcoin volatility remains extremely low. Peer-to-peer trade is also an important use case of Bitcoin in terms of adoption and utility, an exchange which two or more parties can trade without a direct intermediary.