the three main things that are hindering world wide adoption are:
1. over 50% of the world are on low income. meaning their minimum wage is less than half of the minimum wage of developed countries
this is important because if the transaction fee is ~$1.60 (lows over $1 highs over $3 at time of post)
https://api.blockchain.info/charts/preview/fees-usd-per-transaction.png?timespan=30days&h=405&w=720where for instance people do not want to be paying an hours labour just to make a transaction.
nor do they want to be paying 10% fee just to spend say $16 funds. .. meaning they wont use it to buy things for $2-$15 which could be a few days worth of wages or a whole weeks worth of groceries for millions of people
..
there are many corporate/political aligned people in the community that do not want bitcoin to be used by the poorest nations. do not want bitcoin to be used for daily use. they make many silly excuses that are meaningless in the 21st century, but they really try hard to dissuade people from using bitcoin and instead try to off-ramp people into other networks
they want expensive fee's and other things that make it less useful. all to advertise their other networks as the replacement/upgrade people should move over to.
I think it's very valuable what's written here.
The richer countries do not consider the poor ones, or they consider them as just that. It's the same tale all over again, the rich become richer and the poor poorer; because that's what benefits this entire system.
Not all countries live under the same circumstances, not all can invest as they pleased into cryptocurrency, in bitcoin as we are talking about here.
