Post
Topic
Board Bitcoin Discussion
Re: What bitcoin adoption really is.
by
LogitechMouse
on 12/08/2020, 12:46:24 UTC
Let's look at bitcoin from a store of value perspective. How would a new store of value adoption look like? What is the measure of it?
Just two things:
1. Accessibility, convenience of buying and selling bitcoin.
2. Level of people's trust (most important)
1. There are some exchanges and sites where we can considered as convenient where we can buy and sell Bitcoin there. With regards to accessibility, as long as you have an internet connection, an app to be used/site and you know the basics of buying and selling then you can have access on it.

2. Back in the old days people are using a paper when they are trading and on that note, there is an agreement that the paper is worth X amount of X.
When fiat has been introduced, people have trusted the paper currency and they agreed that the paper has a value of X.
Same with Crypto. You must trust the coin itself or you will not use it ever and not using it may affect the adoption of it.