Topic: Any ideas of what we lack in crypto world? - page 16. (Read 3274 times)

I'm going to go on a more philosophical route and say: ideals.

Most people who get into crypto these days want and expect to make money off them. I suppose there's nothing inherently wrong with that, but that's where all the speculation and emphasis on price comes from, which in turn give birth to the ponzi comparisons. It also attracts people which are the first to dump, first to lose money, and first to call out cryptos as scams whenever it slides.

I'm assuming crypto will be much better off once people stop looking at them as earning opportunities.

What potential exactly are you going to teach them? Is it about their usage or is it about how to "get rich quick with crypto". Most of the people are greedy and they go for the second option. Thats how they get scammed as well. Thus leads to a bad first impression about crypto to these newcomers and wannabe crypto enthusiasts who just became crypto-haters and will join the "crypto is a ponzi" bandwagon.

After all they are humans and they consider their earning with suspicion and doubt if they invest in any place which is a grey area. That can be improved gradually as people become aware of risks and benefits of crypto.

Nothing, just support the whole tech itself and adoption will come automatically.

You shouldn't advertise that here, not a good way though.

thank you all, you are very up to date.
FreeZone offers a free crypto economic zone, where all the blockchain companies will work inna legal framework and with a good infrastructure. So maybe it will fiz some issues.

Apart from the above listed barrier like the technical advancement etc., I think we lack the unity of accepting the new technology. I mean there is no way of advancing into the technology like Blockchain unless and until all the countries think of it altogether. If we left out with few countries then they will stat creating the FUD for the rest of the countries and thus it will harm the use of it in the countries where it is being used. That comes under the psychological pressure or emotional decision and this can be broken only if all the governments agrees on the terms under one roof. This might not seem very huge problem but all we know what happens when there is tiny spark in the woods! It creates fire of destruction. So we may need to re-invent the whole idea with unity. Thats what we are lacking currently.

I agree that most people know not much about cryptos. But this is not the main reason why folks don`t like things related to cryptocurrency, I think. I believe that the whole point is that сrypto-currencies do not have enough reliability. Сrypto-currencies and blockchain are not as resistant to theft and burglary as is commonly believed. Every seventh Bitcoin and Ethereum goes to hackers. People are afraid to become victims of fraud.

I think amishmanish nailed most the problems very well. At least I completely agree with what he said. I will just highlight one big general problem in my opinion. We lack knowledge and true understanding about crypto, in both technological and ideological aspects. The market is completely ruled by speculation right now, and that gives it the bublish behavior everyone talks about, and generates insecurance in the world.

If people don't feel secure about it, it will only attract investors that want some fast profit and don't mind taking risks. That is of course a very low percentage of people around the world, and we will never get real adoption if crypto doesn't appeal to those that don't enjoy taking risks with their economies. Finally lack of knowledge is of course easily exploited by scammers around the world.

We have of course a lot of technical issues, but those were already mentioned by amishmanish, but I don't think these would be problems, because if investors were aware of what is happening with bitcoin and crypto, they would simply be patient because they would know development is on the way, that could easily solve all those problems. So for me, lack of knowledge is the main issue in crytpo world.

Lack of knowledge is the main reason we have only a few peoples in the crypto world. People fail to understand the true potential of crypto currencies that's why they fail to believe.This one of the reasons people don't like cryptocurrency related things. We have to teach people what is crypto currency, its benefit, its true potential. They are not going to know about crypto currency in their dreams we are the one who has to make the change.

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.

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?