Crypto Adoption: We're Just Getting Started!

[royalRitta]

Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?

Those early days as referred on the internet is based on that era too where technology was not so advanced and adopted like now.
Checking out when Bitcoin as one of the first existed cryptocurrency was also introduced, there was the way back when it was also referred as dormant technology

So I think it is awful comparing internet of now and then too as most people in the world currently uses the internet more than the cryptocurrencies. Perhaps through the formation of the internet is where cryptocurrencies was developed and deriving its source of accessibility.

Internet got to the way it is because it has many more use cases than crypto nowadays - it still remains a way out for some people to make investments and venture into different projects to get rewarded afterward, however, only now govs and institutions all around the globe see the pros that crypto can bring to the table.
I do think we are moving in the right direction, however, only time will tell.

[Bobcrypto]

internet is the main role in the world of technology without internet technology will not work and we see now with the internet everyone can use it and can connect with others without meeting in person... and vice versa can crypto develop like the internet? I think it can because this crypto has good quality and maybe in the future crypto will match the country's currency.

Yeah, the Internet is the backbone of every business especially the Cryptocurrency and the blockchain. There are some businesses that are done offline but without the Internet cryptocurrency cannot work.
Now, the internet has made allmost every businesses easy and interesting, everyone can do business with each other at the comfort of their company office and country.
I am sure that in the future crypto will match strength to strength with Fiats currencies and there will be increase adoptions.

[JoyMarsha]

I personally have never liked it when the internet is compared to cryptocurrencies, and the reason is actually very simple if you think about it.

Compared to cryptocurrencies, the internet is something that has proven to be one of the top technological advances that has incredibly changed the way people communicate, do business or simply have fun. People have not only accepted it, but unfortunately have become too dependent on it to the extent that they cannot imagine life without the internet.

Another important fact is that using the internet is quite simple, especially today when all you need is a smartphone and a mobile or Wi-Fi connection and you have access to everything you are interested in.

On the other hand, in general, cryptocurrencies do not represent any global need that people strive for, but it is more or less reduced to the fact that most people experience them as an instrument for quick earnings. However, the relatively small involvement on a global level shows that perhaps only about 5% of people show inclinations towards such investments, and that far fewer consider that crypto has the function of currency.

Comparing crypto and the internet therefore makes very little or no sense, because they are completely different technologies - and most cryptocurrencies are meaningless and purposeless anyway, no matter how persistently some ignore it.

This is a well-detailed explanation of what one should think about the internet and crypto. There's no comparison between them because they run in different entities for their operations and survival.

Well, human beings need the internet most in their daily lives, compared to crypto because the internet controls most of the little things we do. Shut the internet down today and see how the whole world reacts immediately, but for crypto, if the market goes bearish today, people who invest would only murmur for a while, believing that the market would bounce back. Even the bearish market gave them the opportunity to buy Bitcoin at a discount price.

[Report]

The more people adopt crypto, the better it is for the sustainability of digital businesses on the blockchain, but maybe someday when crypto adoption is widespread, there may not be any significant changes that fluctuate quickly. Maybe it tends to be a daily price change of maybe 0.1 to 1% only because many people trade so that it becomes stable. Unlike now, where crypto price changes are very fast and the ups and downs are also very fast.

[Faisal2202]

Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?

Because the Internet was the first hurdle that got adopted by almost every person in the world, AFAIK now anyone on earth can easily access the Internet so using the Internet people can trade and invest in cryptocurrency as well that's why crypto became famous quicker than the internet.

In short, the Internet has paved the way for crypto and now as you said there is a lot of room for crypto to grow which is true, more and more good projects are coming into being, the VR and Metaverse once combined with Blockchain and AI the new narrative will start all we need is real time work on these things. I mean there are projects working on these narratives but till now I don't aware of any practical project which we can use.

[bayu7adi]

Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?

but internet adoption is more needed and it can spur faster economic and technological growth, and strangely enough in the past if we compare the development of the internet with the development of cryptocurrency it was a little different, the internet can make government businesses run while if cryptocurrency is adopted en masse, the government cannot get any profit

as long as we still depend on the government for all permits, it is quite troublesome for Bitcoin and other cryptos,

[nakmantu99]

Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?

but internet adoption is more needed and it can spur faster economic and technological growth, and strangely enough in the past if we compare the development of the internet with the development of cryptocurrency it was a little different, the internet can make government businesses run while if cryptocurrency is adopted en masse, the government cannot get any profit

as long as we still depend on the government for all permits, it is quite troublesome for Bitcoin and other cryptos,

Of course if crypto is adopted en masse, the government will be in trouble because crypto is decentralized and the government cannot control crypto, especially bitcoin which has the highest popularity. that is what makes some countries still prohibit bitcoin from circulating in their country or being used as a payment method, for fear of being misused for illegal activities.

[21Pilots]

Of course if crypto is adopted en masse, the government will be in trouble because crypto is decentralized and the government cannot control crypto, especially bitcoin which has the highest popularity. that is what makes some countries still prohibit bitcoin from circulating in their country or being used as a payment method, for fear of being misused for illegal activities.

Therefore, the mass creation of adoption of crypto, with a focus on bitcoin, does raise big issues for governors, due to the fact that it is a decentralized system, therefore not answerable to top authority. Due to the uncertain and uncontrolled nature of governments, there is no complete surveillance or control relating to crypto transactions, which implies securit risks of the cryptos in terms of their involvement in other unlawful activities like money laundering, and terrorist financing. This has forced some countries to go an extra mile of extending a ban or limiting bitcoin as a form of payment. But even in nations with strict licensing requirements as Japan or USA demonstrate that regulation can be effectively applied to the crypto exchanges or providers while the populace does not lose its access to the blockchain.