From my own experience living in the U.S, I think one of Bitcoin's biggest hurdles is getting people to accept it as a payment method. I've been selling a lot of items on OfferUp/LetGo lately and most buyers are suspicious when I mention paying with Bitcoin. When I'm at Bitcoin meetups in my area everyone wants bitcoin > fiat. When I'm not with Bitcoiners it seems like asking people to pay in bitcoin is like asking for people to pay in Turkish lira or some other fiat currency struggling with insane inflation. Beyond my own anecdotal experience, what do you see as the most significant challenge Bitcoin will overcome to achieve mass adoption? I think the proliferation of scams and misinformation in the crypto space has contributed to Bitcoin's image problem amongst those who have not put in the time to understand Bitcoin, but I'm curious to hear other perspectives, especially if you have different experiences to share. What will it take for the average consumer to look past the crypto scams and see Bitcoin's potential as a superior payment network and store of value? Frictionless UX (which seems to be rapidly being built out) or more pain from inflationary fiat currencies? Something else?
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I agree. Adoption is the biggest hurdle.
It's an uphill struggle, one we must all engage with if we are to clear the way for the innovations to follow
Importantly, never use your bank card to make payments! This just increases the power of banks. Always use cash or bitcoin (including bitrefill), unless there is truly no other option.
In the comfortable west people will see the benefit when they reach a particular pain point - elsewhere in the world adoption is growing far more rapidly
Agreed. Good times create weak men. Hard times create strong men