Topic: [2018-03-26] Antonopoulos: 4 Things Bitcoin Needs Plus a Hard Fork in 2018 (Read 152 times)

I think most of crypto users would agree with this,more exchanges and especially the local type exchanges so that users not have problems with language and with money transfer.Wallets are also important,maybe the most important for cryptocurrency users,from the first day of using each user needs to know how important security is,not only of wallet but also of any device on which wallet is installed.Because of that education is very important,knowledge is the key to everything and many are using crptocurrency without some basic knowledge.

At the end ATMs are important,and I see that their number increases-but most of them are located in USA&Canada.I think that in these two countries is around 80% of all crypto ATMs in the world.That is not good at all,means that the rest of the world is far behind and in general terms we can say that infrastructure for cryptocurrency is still not adequately developed.

In his latest Q&A on March 24th, 2018, Bitcoin evangelist, educator, and influencer Andreas Antonopoulos explains what the cryptocurrency industry needs next and his expectations for Bitcoin development.

4 Basic Things Bitcoin Must Have

Antonopoulos begins the Q&A by noting, partly in jest, that the industry does not need “some kind of artificially intelligent, neural network based, 3D printing, drone-based Mars expedition.”

Instead, he states:

"The truth is that the most important projects at this stage are really basic, basic infrastructure projects."

According to Antonopoulos, the four key things that the Bitcoin industry does need are more exchanges, continued wallet development, usable ATMs, and education systems.

More Exchanges

Antonopoulos feels that exchanges cannot be truly global, they are attached to local culture, language, currency, and regulation and as such, every country needs 3-4 exchanges. Multiple exchanges would serve as “on ramps and off ramps” to sustain liquidity and activity in the cryptocurrency market and provide healthy competition. That’s 800 exchanges worldwide, not counting specialist exchanges.

As Antonopoulos explains:

"This economy is not yet self-sustaining it can’t operate entirely within the cryptocurrency domain, I think one day it will be, but not yet."

Wallet Development

Ongoing wallet development is another area where improvements need to be made – especially when it comes to onboarding cryptocurrency newcomers. Specifically, wallets that are secure, easy to use, intuitive, and which use the latest cutting-edge technology and are able to handle different types of fees and provide fee estimation are sorely needed.

Antonopoulos makes an excellent argument that wallets are the “front end” of the Bitcoin industry and that for most new users, their first experience with cryptocurrencies will be through a wallet of some kind. He goes on to point out that:

If the user interface sucks, if it is confusing, if it causes security problems, if it has problems with certain features, if it’s not using the latest technology, then [people] will have difficulty using cryptocurrency.

ATMs

As the market matures reliable, ATMs with reasonable fees are required for cash and instant transactions. Right now, many users find when they arrive at an ATM it’s simply not working, or the premiums are incredibly high.

Education Systems

Antonopoulos didn’t expand on this point, but it’s clear from his renowned speaking in the crypto-space and his teaching of the M.Sc. Digital Currencies at the University of Nicosia that he believes the world needs exposure to cryptocurrencies and the technology behind them.

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