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.
Topic: Any ideas of what we lack in crypto world? - page 15. (Read 3274 times)
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.
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?
Crypto world are maybe lack with advertising and increasing its popularity.Yes, there are many ways provided to introduce cryptos, but then not all people truely understand about cryptos.If cryptos creates a full advertisement with full information desimination, it could be a good start. 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?
lack of knowledge is the common reason why some of the people here in crypto world always fail and miss some of the opportunity .and besides of being lack of knowledge they dont know how to make there own strategy they just relying on others thoughts . That's why until now they don't have not enough information what are the different manner here in crypto world. 
Each of the crypto currency needs a fiat buffer. This is so that the seller in the store can sell the product for crypto currency and instantly exchange for fiat to buy again the goods. Then the crypto currency will become widely used.
Nope. This is not what cryptocurrencies need. You have payment processors like coinbase which do exactly what you describe for bitcoin . It hasn’t really led to an explosion in adoption of bitcoin. An increase in awareness will work wonders, something which no payment processor will ever be able to do.
Each of the crypto currency needs a fiat buffer. This is so that the seller in the store can sell the product for crypto currency and instantly exchange for fiat to buy again the goods. Then the crypto currency will become widely used.
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation.
The government is made up of a small group of people who have their own agenda, they are bankers, big businessmen and so ... this small group that is the government makes its people reem of their policies, they control its people, now it comes a satoshi nakamoto and creates something decentralized and tells people around the world to use this decentralized thing, you think the small group will be happy to know that many people in your country can be millionaires and the small group can not know who Are these people? money = to power. if you have a lot of money, you will be able to overthrow a government.
The problem of banning bitcoin is not the cause of money laundering or other crimes committed on the internet, is because it is dangerous to the bankers and the political elite of the government.
what do we need for normal living in a blockchain world?
we need seriousness, responsibility and being human with each other.
let's face the biggest problem we have: exchange !!!
How many people are here that are not afraid of exchange? Who is not afraid to wake up and see your exchange account banned?
Exchange does not respond to support tickets
Exchange does not have physical office.
The bitcoin wallet do not have physical office.
How can we be taken seriously if we are not serious?
you find it normal that a person deposits 1 million dollars as a result of the contribution of all his family and exchange blocks his account and funds and do not answer the support tickets.
With this type of behavior does anyone believe that institutional investors will use these exchange that do not have physical office?
Our biggest problem is that we limit ourselves to the virtual world, we do not show the physical world what the real advantages of bitcoin and altcoins are.
I think, we need as possible more professionals for crypto world.
Everything is new, and we do not have real proffesionals, who has education and all the rest. Hard to imagine... The rules of the game are changing daily!
But still - i think we need more professional ))
Everything is new, and we do not have real proffesionals, who has education and all the rest. Hard to imagine... The rules of the game are changing daily!
But still - i think we need more professional ))
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?
What we need is many but can be tied up to one singular thing in my opinion which is "Security and Responsibility " with that I am sure a lot of things will fall in line. When this is present, I am sure that I can invest in crypto projects and not scared of impending ban that might happen tomorrow since I don't want to be on the other side of the law. When there is responsibility, people who are in the position of trust would value it because they know they will be held responsible for their actions. When we have security, the mass adoption will be a walkover because the basis has be set. Technological breakthrough to make crypto more adaptable and easier with the use of sophisticated equipment will then follow which would even go beyond the lightning network, SegWit, Scaling that we are concerned about at this time.
However, I guess we cannot always have what we all want because all of this will come with certain costs which I am not sure the readiness for that cost is at hand. We then have to live with what we have now.
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?
Love it or not, regulation has to be done. This is the only way the Government will be able to promote the use of crypto currencies. The Government wants to intervene with the decentralization of coins. There is no denying that bitcoin is indeed used on illegal activities. This allows illegal transaction be done. the only way to make bitcoin appealing to the people is the recognition of government. People trust what government says.
Another thing is that, most coin holder are those who are he internet people. Those who are not (whose majority in my country) don't have the access with it. if the system will be develop the same way as Zimbabwe's , whose even the simplest person have the access with cashless money, Crypto will be more popular.
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?
I think one thing we are lacking as of now is speed in transaction. The rate of speed in Bitcoin transaction is not fast, and is in fact not reliable for what it is. Bitcoin transaction used to be very fast and drops instantly, but ever since they introduced the transaction fees feature, it stopped being fast and became really slow (10 to 15 minutes for a transaction that will cost you a lot) why I’m not happy with the situation is because I can remember that when I got in new, transaction in Bitcoin was free and fast. I need it to start being fast, being free doesn’t matter. 
Ok, let me add one thing that was not added on previous posts. Cryptocurrencies are lacking of volume. The volume of BTC that we have now is tiny and more comparable to stocks than to a currency. For example when the stocks of a company are traded on the exchange and someone leaks the information that the hedge fund X might drop the shares of company Y there is a high chance that those shares will go down. While if any hedge fund or bank announce that it drops all its USD it won't be even noticed by someone because of the huge volume. That will be the great time when BTC will be resilient to any kinds of baseless FUD.
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?
The prohibition of investing in an ICO is a rule in some countries, but not all countries apply it. We can still freely invest in ICO, basically ICO does have a good goal but sometimes many irresponsible people who only use ICO for the event to gain profit alone, without any seriousness to continue the purpose of making the ICO. I just ordered to be able to choose ICO which has good prospects, choose with various considerations and also a mature analysis.
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.
I think lack of knowledge. In the world of crypto we should have an analysis, read their roadmap and whitepaper. I'm not going to consume my time that i don't understand, but i will try my best to keep in touch on every coins that has real project.
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 the most important thing to start would be the security. How can we the investor will be at ease in the safety of our investment. How to account investment without thinking for the securities anymore. It is true that all of the owners in blockchain community do have their security standard but why was that hacking do still penetrate in their system. This is the biggest issue that concerns people a lot. When will be the time that we can be at ease for the safety of our investment.
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?
Lack of knowledge, this is the biggest problem all over the world. They go and go in bitcoin without any knowledge in bitcoin thats why some of the newbies got scam by the scam investment. For me knowledge is the key to success that they need to read first before entering the crypto world. 
At the first place is education about cryptocurrencies, we definetely lack that. And because unsuficient education and information about cryptocurrencies many problems appear where they could be avoided.
We also need fair and justified regulation, cooperation of all parties involved in crypto world to make environment for crypto growth on benefit of us all.
We also need fair and justified regulation, cooperation of all parties involved in crypto world to make environment for crypto growth on benefit of us all.
The crypto world lacks journalists and legitimate media personnel who encourage the public to educate themselves, buy crypto or precious metals to protect their wealth, in case the dollar or euro crash on deficit and debt concerns. The current era is similar to one of those disaster movies where an imminent danger is lurking in the background and no one believes its real until its too late. Including me. I can't believe half the negative sounding things I post on this forum, even though I know they are true.
We also lack empirical data on the impact block size has upon transfer speeds. There often isn't a clear or concise answer on any technical or economic issue. We lack good informed commentary on many topics. We lack good organization or cooperation on how best to address transfer fees (when they're high) and what the best course of action is to pave the way to a better future with bitcoin.
We also lack empirical data on the impact block size has upon transfer speeds. There often isn't a clear or concise answer on any technical or economic issue. We lack good informed commentary on many topics. We lack good organization or cooperation on how best to address transfer fees (when they're high) and what the best course of action is to pave the way to a better future with bitcoin.
Good points above.
I would like to add my very simplistic views on what is lacking
1. Quicker transaction times
2. Cheaper transaction fees
3. Wider variety of merchants accepting BTC
4. More people willing to spend and trade
I would like to add my very simplistic views on what is lacking
1. Quicker transaction times
2. Cheaper transaction fees
3. Wider variety of merchants accepting BTC
4. More people willing to spend and trade
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