Education

Not many understand much about what money is

Goods and services available (and denominated) in Bitcoin.

There is no lack of people holding Bitcoin. It's a demand bottleneck, not a supply bottleneck.

Time.

It could take 20 or 30 years for the true bitcoinised world we all envisage to take shape. It’s taken 13 years to get from 0 to ~1% and I still envisage it’ll take another 13 years to get from 1% to 10% of the entire economy. I think we need to encourage patience as that’d be 2035.

The way I see it:

As we know, Bitcoin is a truth machine. This will be recognised by most over the course of the next decade. All else has unstable foundations.

Until then… tick tock, next block.

Wallet UX and onboarding.

Self-custody is a total nightmare for a layman and custodial solutions are either scary to those who have been burned or the BTC media portrays them as pure evil. Mainstream media gives no real detail on any of this as they are stuck on the "crime" and "ESG" talk-tracks.

Taxes

I'm sure the majors are going to get called out, but I think a part of the problem is the community's marketing of three features simultaneously.

The mases don't care about any of these three things, but I'd wager privacy is the least cared about.

Think about it, rhetorically.

Volatility.

In the US, trust in the current system and lack of technical insight. Seems like most people don’t understand what’s going wrong with the dollar, even with current inflation. Besides, it’s a truly radical thing to say the dollar is not only going to collapse, but fall behind a specific cryptocurrency. Also seems like people don’t have the technical understanding to really see the full gravity of what bitcoin is. Immutable information is a miraculous innovation, but most people can’t wrap their head around that or why it matters.

Lack of education in foreign languages, especially. A large number of young people in places like Nigeria and India (the future most populous countries in the world) do not speak fluent English. This is changing, of course, as internet and education spreads. However, we do need a bigger focus on resources in local Indian and African languages. People I know don't speak a word of English and it's difficult to talk about these concepts when most resources are in English.

In the U.S., ... classification of bitcoin as property. Thus spending bitcoin is a taxable event and capital gains may be owed. Therefore, many would rather just not use bitcoin for spending.

Otherwise, there needs to be the ability to earn in bitcoin. Right now, workers need to ask (or insist) to receive some (or all) of their pay in bitcoin. There are just a tiny fraction of organizations that pay in bitcoin, today. So that's one component. The other is that there are few ways like SN, which a person can provide some value and then obtain some bitcoin. When people earn in bitcoin, then they will spend in bitcoin.

Where I’m from, (🇳🇬), the government outrightly has tried to villianise bitcoin… so many people remain misinformed & uneducated on what bitcoin really is and until there’s a real understanding adoption out here would be slow.

there is not one answer for all. The factors depend on where you live and your circumstances

I think it depends on the LSM

Adoption is growing, among a stubborn minority who have disposable income, have lost faith in institutions and fiat money and as that minority grows, the rest will have no choice but to follow as they gobble up more of the worlds resources or rather perceived claims on them as bitcoin continues to monetise and suck the monetary premium out of other softer stores of value

Good education. Most of the people have no idea about bitcoin, money, economy, how things works. But also are too lazy to read/watch/learn new stuff. So they are like hamsters in a wheel cage.

Ignorance.

Based on the places I've been to and to most people I've talked to (those that don't use/have bitcoin), I would say the lack of merchants that accept it or situations where using it is a "no-brainer".

For them bitcoin is just another investment/gamble.

First and foremost it's understanding of the problems only Bitcoin solves, and how the corrupt Fiat system works against regular people. People in countries with high inflation tend to learn this faster, and now inflation has come to the West as well, in a major way...

Necessity is the key, as people will need a simple way to not lose their purchasing power and savings...

I think that people are still scared by the short term volatility in terms of fiat. It will take time to put that fear to rest. I think that once people start seeing that over long periods of time, Bitcoin retains and gains value, adoption will start to surge. I like to tell people that no one has lost purchasing power if they held for at least 4 years.

Its clearly a store of value at this point in time, but a lot of people haven't realized it yet. I'd give it at least two more halvings. Individuals, businesses, and organizations will start locking away bitcoin as a long term savings strategy. Then you'll start seeing large purchases being made regularly in Bitcoin, like cars and houses. For medium sized to small purchases, fiat will still be the most popular. However, I think that value will be sent over Bitcoin rails in a short amount of time.

Large purchases in Bitcoin and smaller purchases in fiat sent over Bitcoin rails will be the standard for a while.

shitcoinery. it creates a state of flux in the space. its like having 10 internets. one never really gets ahead beause people on the sidelines dont know which one to pick and just stays out. but who knows

Gonna go with everyone and say education and that people are too lazy to learn money all over again adults don't being like told that they are wrong especially if they have a degree or certificate...makes no sense to people that have alot of dollars and I ask them what if all those dollars become worthless...None can ever even imagine that world...however it is in the realm of possibilities...in this case whats going to have to happen is their faces are going to have to get melted off for them to understand true value its going to be brutal...

Personally I think there are two main barriers:

Pride.- Hard to accept for arrogant people they hadn't had such an idea, hard to accept for arrogant people anyone can tell them about Bitcoin, unless they think you are at their level which is not quite the case in the Bitcoin space; and eventually arrogant people can't accept you have bought cheaper than them, hence they simply don't buy.

Laziness.- People simply doesn't want to make the intellectual effort to understand Bitcoin even at a basic level. That's it.

-Knowledge -Politicians -News and their corporation behind -Fear of change (noone really wants to change the system cause they have children/house to pay....) -Btc is a new approach (Private key, buy on exchange/peer to peer/ATM....) where older people do not want learn/ hard to understand

We need more on/off ramps that don't require KYC. More apps like Robosats, Bisq etc where we can onboard more users quickly.

Understanding

In the Bitcoin timeline there are different obstacles to take and there is not one but many steps that need to happen for broader and broader adoption. Some of them can be influenced by individuals, some of them require group effort and some of them are done by the invisible hand and just take time.

Lets have a look at the white paper, it says: "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments."

I always wondered why people are so hyped by nation state, and classic commerce aboption... if were honest: What is the actual advantage of bitcoin in paying for groceries in the supermarket as opposed to physical cash? It is the INTERNET where Bitcoin is the strongest. On Bitcoin meet ups we tend to celebrate when we pay for our beer with Bitcoin but in the rest of the world a payment is always a secondary issue, something that happens "on the side". This will never change. Hyperbitcoinisation will be, apart from the face melting price action, the most boring thing ever.

My thesis is that, as of now, one of the biggest problems is the DX (developer experience) as a web developer with the lightning network. Payments and auth with the lightning network have to become the most natural thing on the web first and then we can talk about "brick and mortar". For this to happen we need to make the libraries and the workflows for the lightning network much more intuitive and easier to use. Also, the smart devs need to come up with accessible patterns on how to facilitate payments do that the bulk of the midwit devs, that make up most of the workforce, can start adopting.

The utopian, left-headed legislators will be and is currently one of the barriers America is facing as a barrier.

Public usability

Define "adoption"

Willing to learn, to put in the work needed to understand bitcoin and how it will become the next monetary system