@Kokoalg
more from that month
Factors affecting the adoption of encryption
**It's happening again** I was with a group of friends this morning, and as usual, Crypto came up in the conversation. Everyone knows that **almost all markets are in a state of extreme despair** . However, despite the fact that Bitcoin suffers a similar fate, people have again chosen to embrace the “dead Bitcoin” story. I mean, how often do people have to see the "crypto effect" to understand that this is part of the cyclical process? https://sapphirecrypto.org/2022/10/06/bitcoin-analysis-the-state-of-the-market/ The strange thing, in my opinion, is that if you don't get it now, you probably never will. Unfortunately, there will be those who stand on the outskirts of history. Many will **eventually choose to adopt, while others will have to "force" them to adopt** . Crypto's ultimate success is a done deal, in my opinion. https://sapphirecrypto.org/2022/10/19/survival-the-remodelling-of-legacy-businesses-blockchain-adoption/ If that's true, the best thing anyone can do is take the train right now. However, it seems as if emotional influence is once again in complete control. I proposed Bitcoin for less than a thousand dollars several years ago, and as expected, many laughed. Again, in 2018, I suggested Bitcoin at $3k, and once again, I laughed out of the room. **biggest obstacle** Many believe that **regulation** and other issues are at the heart of restricting mass adoption. However, I think society eventually slows down the adoption curve. When enough people want something, the authorities have no choice but to bargain. Even at this point in the game, governments are recognizing the importance and, as a result, have not ignored the idea of cryptocurrency becoming a part of the global **economy** . Imagine if the number of crypto advocates doubled. If people start making demands on local businesses for Crypto payments. https://sapphirecrypto.org/2022/10/11/will-crypto-regulation-go-the-same-way-as-the-entertainment-industry/ https://leofinance.io/@leoglossary/leoglossary-economy Governments that enable citizens to **pay their taxes** in Crypto literally show a level of approval. In other words, they are not obligated to do so but choose to do so. This is where the difference lies. Your choice to do something when you don't have to, shows an openness and willingness for whatever reason. The biggest resistance actually comes from the uneducated. Yes, everyone has heard of Bitcoin and Crypto, but that does not mean that they have any knowledge or understanding of it. I've heard of space rockets, but know nothing of the exact mechanics of how they work. https://sapphirecrypto.org/2022/09/08/the-effects-of-crypto-regulation-taxation/ I think you can understand why maxis is pushing **the Bitcoin monetary policy narrative.** It is essentially vital information. People need to know what makes Bitcoin better than traditional **fiat currencies .** For most, it's just a case of speculation, along the lines of what **Warren Buffett** likes to refer to as the "big idiot theory". However, there is a lot of Bitcoin, in particular, from **speculation** . https://leofinance.io/@leoglossary/leoglossary-monetary-policy https://leofinance.io/@leoglossary/leoglossary-fiat-currency https://sapphirecrypto.org/2022/10/23/millennials-crypto-a-look-into-the-future/ https://leofinance.io/@leoglossary/leoglossary-speculation **last thoughts** Many of us are so immersed in the crypto space that we sometimes inadvertently ignore just how ignorant the public really is. When I say the public, I'm referring to the majority. I am well aware that there are many who “get” Crypto, but they are really a minority compared to the world population. Education remains a much-needed component of what is required to achieve further adoption. However, this appears to be on the rise and we hope to look at a completely different "global landscape" in the coming years. **disclaimer** First of all, I am not a financial advisor. All information on this website is strictly my own opinion and is not financial advice. I do not take advantage of affiliate links. Purchasing or interacting with any third party company may result in you receiving a commission. In some cases, using a referral link can also result in a bonus or a discount. This article was first published on Sapphire Crypto. image source https://www.google.com/search?q=%D8%B5%D9%88%D8%B1+%D8%A7%D9%84%D8%A8%D9%84%D9%88%D9%83%D8%B4%D9%8A%D9%86&client=ms-android-xiaomi-rvo3&prmd=inv&sxsrf=ALiCzsa23jJJuM4IPTzjrtrdZPdB0jfobg:1666651252603&source=lnms&tbm=isch&sa=X&ved=2ahUKEwi_woDf9_n6AhU2h_0HHQz2Aj8Q_AUoAXoECAIQAQ&biw=393&bih=732&dpr=2.75#imgrc=bnvRCU0kVcKmlM
No comments yet