After this year start ,some country ban the bitcoin and some of them had regulate the bitcoin.From my point of view , regulation of bitcoin in a country is good one.Because ,if bitcoin is regulate in a country.All the rich people start to inverse their money in bitcoin with out any fear of loss . Regulation gives the extra power to bitcoin.
Some still stick in banning bitcoin, some may ban bitcoin too, but bitcoin is inevitable so there is no sense for banning it, it won't affect the value of bitcoin to some people and the demand would not decrease but rather increase as the time is passing by. 
Topic: Any ideas of what we lack in crypto world? - page 14. (Read 3271 times)
After this year start ,some country ban the bitcoin and some of them had regulate the bitcoin.From my point of view , regulation of bitcoin in a country is good one.Because ,if bitcoin is regulate in a country.All the rich people start to inverse their money in bitcoin with out any fear of loss . Regulation gives the extra power to bitcoin.
What is dangerous here is that, if your bitcoin CryptoCurrency is exposed to malware, then the bitcoin in the wallet can be hacked by irresponsible people. The risk of accidental erasure is also vulnerable to be experienced by the owners of bitcoi so that when it happens it can not be traced to where the loss.
Very few times I have felt bitter about using bitcoin. Those incidents used to take place when I got scammed as well when I lost through web hack. Later understood, it was my fault of being careless. I feel myself happy with bitcoin as well other digital currencies, because at present very small percentage of the population around the globe is aware about such a technology evolution.
Many people still don't know about crypto coins.What kind of money can be used in this work?Many of these knowledge how are still limited to what is available from this currency.They needs to take some special steps to properly teach and curb these crypto coins.
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
Probably the most that cryptocurrency lacks these days is investments, cryptocurrency is still new and many people don't yet know about it, and for it to become adaptable as a payment method needs places where you can actually spend it, and this is thing that is slowly startting to improve as we see the blockchain technology being used in many other fields through ICo that have been launching left and right, one important thing that cryptocurrency lacks is scalibaility, as we saw with bitcoin as soon as the network was seeing some high traffic transaction started taking a long time to get verified and miner fees got really high, which affects micro payments and small transaction which are important to adopting cryptocurrency as a payment method. 
What we lack is simplicity compared to regular cash and card payments. With credit cards offering touch payments it is quick and easy compared with bitcoin and other crypto. Also, the fluctuations make it hard to price goods in crypto currency, and you don't know if you're going to overspend or under due to daily prince swings.
First if all I think we need to prove that bitcoin was the best cryptocurrency to the people, and we need to make sure that the people hasn't get anything wrong with bitcoin like bad news or something. We need to prove also that in bitcoin we can easily earn some money if we know how to do it, it's just like to make people more interest about it.
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
There are basically two problems with cryptocurrencies that are delaying adoption, the first one is that cryptocurrencies are not as convenient and easy to use as fiat, not only that people are not used at all to be completely responsible for the fate of their money, they are used to delegate that responsibility to someone else and as such it is very likely that we are going to see a lot of hacks if adoption grows, and the second problem is that if we want adoption to happen all over the world then the fees and the speed of transactions need to improve.
For me , what is lacking in our crypto world today is the lack of knowledge to the public especially the ones who have really no idea when they hear the word "Cryptocurrency" or "Bitcoin". In my own experience, before I left my previous workplace in an Insurance Company, me and my co-workers including my boss has a healthy talk about Bitcoin since that was the time I already had some knowledge about cryto and they were trying to say to me that Bitcoin is just a SCAM and I can't have any profit out of it and I was trying to explain my side. So you see, many people are still clueless about crypto and/or they just don't realize the future is in crypto currency and they have to be open-minded that our world is changing so we have to adapt change.
The world has been praying for advancement in technology and that is what Blockchain technology has come to do and give us a decentralized financial and economical system. We are going to have in future a system that will simplified things for humanity. P2p financial system and transactions alone do bring people confident into our society.
Well basically crypto education needs to step up for us to frow more. Many people only see bitcoin as something to make quick profit on which of course is not the case. Information about blockchain and what it can do for the future should be spread more to counter all these negative talks about crypto being a scam or a bubble
The world has been praying for advancement in technology and that is what Blockchain technology has come to do and give us a decentralized financial and economical system. We are going to have in future a system that will simplified things for humanity. P2p financial system and transactions alone do bring people confident into our society.
This is an important question. Ill framed but important. What do we need for widespread adoption of block-chain technology and crypto-currencies.
Right now, the main things that we lack in crypto for widespread adoption is:
1.) Technology barrier for the average person is still quite high.
2.) Scaling solutions for micro-payments aren't deployed widely yet. The situation is worsened by all the false claims made by alt-currencies. Lightning Network is the only serious solution under testing that promises to solve micro transactions and allow for wider adoption.
3.) Lack of sufficient expertise among Governments to differentiate the good and the bad of crytpocurrencies.
4.) The biggest problem are the people who want to create elaborate scams using their knowledge and taking advantage of newcomers.
5.) Another problem is the newcomers who want to believe illogical claims and fall for these scams because they want to get rich without even knowing the system.
I think this more or less are the only barriers to full scale adoption.
There will be some governments that will support crypto currencies and will benefit from the subsequent generation of economic activity. The rest will have to follow suit. The most important thing is for the people to learn to decide for themselves and find out how to benefit from the opportunities and stay safe from the scams.
Right now, the main things that we lack in crypto for widespread adoption is:
1.) Technology barrier for the average person is still quite high.
2.) Scaling solutions for micro-payments aren't deployed widely yet. The situation is worsened by all the false claims made by alt-currencies. Lightning Network is the only serious solution under testing that promises to solve micro transactions and allow for wider adoption.
3.) Lack of sufficient expertise among Governments to differentiate the good and the bad of crytpocurrencies.
4.) The biggest problem are the people who want to create elaborate scams using their knowledge and taking advantage of newcomers.
5.) Another problem is the newcomers who want to believe illogical claims and fall for these scams because they want to get rich without even knowing the system.
I think this more or less are the only barriers to full scale adoption.
There will be some governments that will support crypto currencies and will benefit from the subsequent generation of economic activity. The rest will have to follow suit. The most important thing is for the people to learn to decide for themselves and find out how to benefit from the opportunities and stay safe from the scams.
First of all guidelines for all newbies tutoring directly how to use of Bitcoin on how to earn profit is one of the biggest important for popularity of Bitcoin and reinbursment of stacks of Bitcoin if the account hacked by hacker or an IT expert make a special program to trace immediately the hacker.
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
For me, this are the things crypto is lacking right now. 1. Lack of mass adoption - Yes, this is the most problem of crypto right now. Most probably because of the volatility nature of crypto, they are afraid to invest in it. Maybe most people in the world doesn't hear or even know the existence of cryptocurrency. We need a way to advertise cryptocurrency around the world. Social media is one. Conference is second and many more.
2. Lack of regulation - As posted by @kakmakr above, yes bitcoin was created to give people financial freedom and to prevent the use of banks but I also agree with @Mpamaegbu that the government must do some regulations in order for the scammers and fraudulent activities to be stop. Governments must involve themselves here in crypto but only in the fraudulent activities that the scammers are doing.
3. Technology - We accept it that most countries around the world cannot cope up with the current technology of some first world countries like Japan or USA. There are people around the world that doesn't have smartphone. Some areas especially the remote areas doesn't have access to internet.
There are many more I think but these are the most things crypto is lacking.
Well I understand what you are saying by lack of mass adoption, but I don't think that is something that is missing. That is simple a product of all the other things that we are missing at the moment. Once those issues are addressed, I'm sure adoption will follow normally.
I completely agree with the lack of regulation issue. This is a very important one in my opinion, because we all know the majority of people and big investors will only jump into crypto once it gets regulated. Until them this will be a very speculative asset, and most people will be afraid to risk an investment or adoption. This needs to be something for all, and not just the "fearless".
As for technology I do agree with you but not at the same level. I don't think not having a cell phone is a problem. Banks can't reach the population without infrastructure, and they need way more than a cell phone. So I think that crypto is well ahead of them, since it just needs internet access and a cell phone. Those things are easy to accomplish in most countries.
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
It's better to be this way because we can earn some good amount of money because it's a decentralized systems. Also, we can't avoid such incidents like its security because I still wonder why some situations there were cases about some hacking. Developers should improved more about the security level in order to avoid such incidents.
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
For me, this are the things crypto is lacking right now. 1. Lack of mass adoption - Yes, this is the most problem of crypto right now. Most probably because of the volatility nature of crypto, they are afraid to invest in it. Maybe most people in the world doesn't hear or even know the existence of cryptocurrency. We need a way to advertise cryptocurrency around the world. Social media is one. Conference is second and many more.
2. Lack of regulation - As posted by @kakmakr above, yes bitcoin was created to give people financial freedom and to prevent the use of banks but I also agree with @Mpamaegbu that the government must do some regulations in order for the scammers and fraudulent activities to be stop. Governments must involve themselves here in crypto but only in the fraudulent activities that the scammers are doing.
3. Technology - We accept it that most countries around the world cannot cope up with the current technology of some first world countries like Japan or USA. There are people around the world that doesn't have smartphone. Some areas especially the remote areas doesn't have access to internet.
There are many more I think but these are the most things crypto is lacking.
Into the second page and almost 40 comments and suggestions made, yet no one sees "Lack of Regulation" as a problem for cryptocurrency?
Damn! What an oversight.
I think there should be mandatory KYC policy now to provide a bit of regulation that can help keep crypto scams and frauds at bay.
Damn! What an oversight.
I think there should be mandatory KYC policy now to provide a bit of regulation that can help keep crypto scams and frauds at bay.
No, No, No. We already have enough government interference. They want to get their little claws into every aspect of our lives and Bitcoin and other Crypto currencies was designed to reduce their impact on our lives. Bitcoin was made borderless and pseudo anonymous to give people more financial freedom, not to restrict it.
Why do you have to ask permission to move your wealth to another country? Why do the government need to know what you spend your money on?
We will never be free from this "Police State" mentality, if we offer all our freedoms to them on a platter.
Lack of confidence and idea. The reason behind more traders are getting scared on the current status of market fluctuations or downward movement of bitcoin and/or other altcoins is because we don't have enough confidence and knowledge on our selected coin. We easily get affected when we see dips or prices falling which is not right as a trader.
It is likely lack of knowledge and self confidence of crypto world that makes us weak in adapting crypto currencies. We must need to learn more about cryto's platform in-order to get lots of benefits that might it gives. Being knowledgeable about crypto's behavior will be able for us to handle the crisis patiently in behalf of its volatility and unpredictable behavior.
I think we lack regulatory system.. even if it's decentralized it Should have it's own system to take care of all the events like is some government is banning them they should go and try to solve and provide reason and improve and make laws for that country only .. this might sound stupid but you know not like some centralized body but more like the advocates of that currency .. it's important otherwise anyone can do anything we should have our own say too.
For me what we really lack in the crypto world would have to be knowledge about the cryptocurrencies. I think if everyone would have knowledge about using these cryptocurrencies then no one would use them negatively. And so we can pass it on to our kids and they could pass it to their kids as well in the future if it will last long, but of course knowledge would play a big role for cryptocurrencies to stay longer.
Jump to: