What do you think the biggest thing holding back Bitcoin adoption is?
Discussion
Credit cards. Well in the usa
Grocery stores not accepting bitcoin
Don't have privacy, ligthning sucks on self custody, you need custodials to scale, and who make/recieve payments in crypto usualy prefer Monero for the job 😉
We've got to start somewhere, though ideally the future is Multi-coin 🤗.
The present is multicoin, then you need to know if you want to participate on the same state system or you dont want to comply, and even in that sense theire are many privacy coins that can be used to accomplish the job.
The only thing that doesnt make sense to me is why in the world people like transparent blockchains to private use, it doesn't make sense at all.
To each their own, we don't pick sides but we agree sales softwares that don't include privacy coins hurt their end users.
We try to encourage an open ecosystem where everyone can participate.
Agreed. However, with so many available choices, sometimes people just like to be told what to do.
The general public has no idea what crypto is or how it works. They have no idea that it began as money. Really, even WE don't know what crypto is. Most here on Nostr are interested in the UTXO cryptos, not even considering Ethereum based crypto for money, imagine what the uninitiated must think!
I'm ok with keeping Eth out of money, it's not created for that. It's for contracts and record keeping, real bureaucratic stuff.
This is why I focus on a small basket of long standing coins. The age of the coins I chose builds trust via familiarity (especially Bitcoin).
Of the coins I've chosen, Bitcoin Cash (BCash) is by far the easiest to use. Within 35 seconds, a total stranger can be in crypto (using Selene.cash wallet), in just another 5 -10 minutes a BCH POS can be set up (using either pos.cash , bitcoin cash register app, or bitrequest.io ), the usability is truly amazing.
Litecoin is on the list because of it's current popularity as money with BitPay, and because it's a mainstream coin with a very good fungibilty feature, MWEB, which allows for a good amount of privacy without pissing off the law (not yet, anyway).
Monero is in my basket in part because of it's privacy, but largely because the community is very focused on their coin being used for daily use. They have 2 very good Amazon style marketplaces, XMRBazaar.com & MoneroMarket.io . Both are less than a year old and are growing fast.
USDC (I know, I know, it's Ethereum based) is there because it is the most trustworthy stablecoin. Yes, privacy sucks, but it is in the defi world so swapping to another coin can be simple (Komodo Wallet). Unfortunately, there are multiple layer 2's for it and this causes A LOT of confusion (and unwanted expense), so I take this choice one step further and promote using the lowest fee layer 2 I know of, Polygon (POL).
There it is, multicoin, but I've staked a marker as a ground-zero from where we can all start.
Fortunately, because of the great work being done on bitrequest.io , no one is limited to this small basket as bitrequest allows for acceptance of hundreds of coins / tokens.
Nevermind big mainstream stores. Focus on small businesses. Businesses who benefit most from paper cash transactions and avoiding credit card fees: your landscaper, auto detailer, etc.
