I would say a safer platform for lending money. I know people already lend and borrow btc but I'm hoping for something that spreads the risk of defaults.
Of course this is what banks practically do, for btc holders though there's very little reason to have an entity handle all their money since they can do it themselves.
Topic: Any ideas of what we lack in crypto world? - page 2. (Read 3274 times)
Majorly what is lacking is mass adoption. We still have countries setting up regulations against cryptocurrency, Some persons are still skeptical about the genuineness of crypto. While some sectors like Financial sectors, Oil and gas, Agricultural sectors etc are beginning to adopt the use of blockchain in their services. Others are still skeptical. I sited mass adoption because until we can easily exchange Bitcoin or other altcoins for goods and services, only then will other things fall into place.
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 "lack of enough Knowledge about cryptocurrency" is the problem we need to solve in order to expand the power of crypto in different countries. I believe that if many people especially those in the government is knowledgeable about crypto ,they will not be against on it and they will not ban crypto instead they will support it because it really helps many jobless people and even to our economic problem.Let's also take into consideration, why people has lack of knowledge? Because they prefer not to believe in it due to lot of scammers out there, so their mindset has been negative over crypto, which is we cannot blame people.
but if we will just make time for them to check and for us to explain what really crypto is then for sure they will understand it well, we just need to educate them.
As a part of crypto space, you don't need to impress people with your earnings or explain to then on how it works, that is what for people to know and learn if they really want it, Not you. 
It's been proven that the government action toward crypto can shake the market, with that, I think its necessary to adopt with their system and to make this market a fully regulated one. This would reduce the scams and people will be confident in using crypto.
I understand that originally its created for decentralization purposes but we can't erase the fact that we are all under a certain government, regardless of where we are living.
Regulation is fine if it’s only to prevent scam or criminalities that might potentialy happen within crypto market however if the regulation is too far it will be yet another problem and could potentially threaten the very first reason of why people are using crypto which is the decentralized nature altthough not all people. Yes we are living under centralized government however the government also know something called human right what makes us afraid the most is the taxation but most of the time we will be fine if we do what we should do as a citizen. I understand that originally its created for decentralization purposes but we can't erase the fact that we are all under a certain government, regardless of where we are living.
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 "lack of enough Knowledge about cryptocurrency" is the problem we need to solve in order to expand the power of crypto in different countries. I believe that if many people especially those in the government is knowledgeable about crypto ,they will not be against on it and they will not ban crypto instead they will support it because it really helps many jobless people and even to our economic problem.Let's also take into consideration, why people has lack of knowledge? Because they prefer not to believe in it due to lot of scammers out there, so their mindset has been negative over crypto, which is we cannot blame people, but if we will just make time for them to check and for us to explain what really crypto is then for sure they will understand it well, we just need to educate them.
Crypto doesn't plan anywhere only the government and business entities are missing on blockchain to have was there security base for them. If you might be lacking somewhere means this world centralise market might burst the crypto industry some years before itself. We are stronger already in my point of view.
Absolutely, once our government and most businesses adopted blockchain and for our government to regulate it, then there's no need for us worry at all, as that is what we are just waiting for which is guidance, regulations, acceptance from the government so the doubt and fear from most people will be vanished. In this time, let's take it an opportunity why we are not there at the moment where government already accepted it, as when time comes, the price cannot be controlled anymore.
Stability and bigger market cap. Market is too small right now to be stable all the time, some sharks can release bitcoin for 100M and all market crashes. We need to have atleast 1T of market cap.
market is big but it will be more better if more people will enter and make the market cap become bigger so that crypto value's can rise more evenly .
about the stability , i dont think we need it because being unstable is what makes crypto exciting and interisting . being unstable makes crypto unique among other asset and currency . we only lack of investors or new people this time but that can be provided the longer the crypto runs
Mass adoption is really important factor but the instability has both a good and bad side. The volatility of bitcoin price is an obstacle for bitcoin mass adoption. Let's imagine a shopkeeper what to sell goods in terms of BTC but after selling all his products if BTC price drops 10% in a single day then his business would have a huge impact. Though holding the BTC could make him profitable but he cant hold long. And a small businessman will not want to such kind of situation.
Whereas for a bitcoin trader the volatility always gives him chances, if they miss one they will wait for the next.
It's been proven that the government action toward crypto can shake the market, with that, I think its necessary to adopt with their system and to make this market a fully regulated one. This would reduce the scams and people will be confident in using crypto.
For most part of this regulation there will be less substantial changes in the market we have right now. Regulated cryptocurrency system would just make itself the same as fiat currency, so what would be the advantage of using it? Thus, making a fully regulated market is far from what I am seeing now.I understand that originally its created for decentralization purposes but we can't erase the fact that we are all under a certain government, regardless of where we are living.
If we talk about the technical aspects, it is not enough of course a new and more correct distribution of coins, to spend such a lot of electricity for PoW in our time is bad for the planet and for people. PoS also does not bring anything good, since a large amount of coins can fall into bad hands and to some government.
If we are talking about fixed-issue tokens, they are usually in the wrong hands from the very beginning.
We need to understand why do we need blockchain? I see for myself only one use case as a check of integrity and immutability of data in the database.
As a cryptocurrency, it is still very unstable and not safe.
If we are talking about fixed-issue tokens, they are usually in the wrong hands from the very beginning.
We need to understand why do we need blockchain? I see for myself only one use case as a check of integrity and immutability of data in the database.
As a cryptocurrency, it is still very unstable and not safe.
I may add that blockchain is very young for use in economic purposes!
Stability and bigger market cap. Market is too small right now to be stable all the time, some sharks can release bitcoin for 100M and all market crashes. We need to have atleast 1T of market cap.
market is big but it will be more better if more people will enter and make the market cap become bigger so that crypto value's can rise more evenly .
about the stability , i dont think we need it because being unstable is what makes crypto exciting and interisting . being unstable makes crypto unique among other asset and currency . we only lack of investors or new people this time but that can be provided the longer the crypto runs
Mass adoption is really important factor but the instability has both a good and bad side. The volatility of bitcoin price is an obstacle for bitcoin mass adoption. Let's imagine a shopkeeper what to sell goods in terms of BTC but after selling all his products if BTC price drops 10% in a single day then his business would have a huge impact. Though holding the BTC could make him profitable but he cant hold long. And a small businessman will not want to such kind of situation.
Whereas for a bitcoin trader the volatility always gives him chances, if they miss one they will wait for the next.
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 "lack of enough Knowledge about cryptocurrency" is the problem we need to solve in order to expand the power of crypto in different countries. I believe that if many people especially those in the government is knowledgeable about crypto ,they will not be against on it and they will not ban crypto instead they will support it because it really helps many jobless people and even to our economic problem. 
It's been proven that the government action toward crypto can shake the market, with that, I think its necessary to adopt with their system and to make this market a fully regulated one. This would reduce the scams and people will be confident in using crypto.
I understand that originally its created for decentralization purposes but we can't erase the fact that we are all under a certain government, regardless of where we are living.
I understand that originally its created for decentralization purposes but we can't erase the fact that we are all under a certain government, regardless of where we are living.
Crypto doesn't plan anywhere only the government and business entities are missing on blockchain to have was there security base for them. If you might be lacking somewhere means this world centralise market might burst the crypto industry some years before itself. We are stronger already in my point of view.
Absolutely, once our government and most businesses adopted blockchain and for our government to regulate it, then there's no need for us worry at all, as that is what we are just waiting for which is guidance, regulations, acceptance from the government so the doubt and fear from most people will be vanished. In this time, let's take it an opportunity why we are not there at the moment where government already accepted it, as when time comes, the price cannot be controlled anymore.
Crypto doesn't plan anywhere only the government and business entities are missing on blockchain to have was there security base for them. If you might be lacking somewhere means this world centralise market might burst the crypto industry some years before itself. We are stronger already in my point of view.
Stability and bigger market cap. Market is too small right now to be stable all the time, some sharks can release bitcoin for 100M and all market crashes. We need to have atleast 1T of market cap.
market is big but it will be more better if more people will enter and make the market cap become bigger so that crypto value's can rise more evenly .
about the stability , i dont think we need it because being unstable is what makes crypto exciting and interisting . being unstable makes crypto unique among other asset and currency . we only lack of investors or new people this time but that can be provided the longer the crypto runs
Mass adoption is really important factor but the instability has both a good and bad side. The volatility of bitcoin price is an obstacle for bitcoin mass adoption. Let's imagine a shopkeeper what to sell goods in terms of BTC but after selling all his products if BTC price drops 10% in a single day then his business would have a huge impact. Though holding the BTC could make him profitable but he cant hold long. And a small businessman will not want to such kind of situation.
Whereas for a bitcoin trader the volatility always gives him chances, if they miss one they will wait for the next.
Stability and bigger market cap. Market is too small right now to be stable all the time, some sharks can release bitcoin for 100M and all market crashes. We need to have atleast 1T of market cap.
market is big but it will be more better if more people will enter and make the market cap become bigger so that crypto value's can rise more evenly .
about the stability , i dont think we need it because being unstable is what makes crypto exciting and interisting . being unstable makes crypto unique among other asset and currency . we only lack of investors or new people this time but that can be provided the longer the crypto runs
If we talk about the technical aspects, it is not enough of course a new and more correct distribution of coins, to spend such a lot of electricity for PoW in our time is bad for the planet and for people. PoS also does not bring anything good, since a large amount of coins can fall into bad hands and to some government.
If we are talking about fixed-issue tokens, they are usually in the wrong hands from the very beginning.
We need to understand why do we need blockchain? I see for myself only one use case as a check of integrity and immutability of data in the database.
As a cryptocurrency, it is still very unstable and not safe.
If we are talking about fixed-issue tokens, they are usually in the wrong hands from the very beginning.
We need to understand why do we need blockchain? I see for myself only one use case as a check of integrity and immutability of data in the database.
As a cryptocurrency, it is still very unstable and not safe.
I may add that blockchain is very young for use in economic purposes!
I think a bit of regulations on exchanges and new project wouldn't harm anyone.
Does it harm anyone? very wrong. because in my opinion precisely when everything is set by each country, the movement of scammers will be very difficult because it has rules for example if every project is required to verify documents it will certainly avoid investors trapped in projects that have the potential for scams. and of course many people support this. in fact only a few countries care about this
I think a bit of regulations on exchanges and new project wouldn't harm anyone.
Does it harm anyone? very wrong. because in my opinion precisely when everything is set by each country, the movement of scammers will be very difficult because it has rules for example if every project is required to verify documents it will certainly avoid investors trapped in projects that have the potential for scams. and of course many people support this. in fact only a few countries care about thisThat's what we need so far to have some support from the government, so that ICO can be rise again, legit projects will enjoy the benefit of having investors as they are protected and investors can guarantee that they investing in a right project too, I do hope when that happen, government will really check the legitimacy of the project, and will not just after the money that project will bribe to them.
Stability and bigger market cap. Market is too small right now to be stable all the time, some sharks can release bitcoin for 100M and all market crashes. We need to have atleast 1T of market cap.
market is big but it will be more better if more people will enter and make the market cap become bigger so that crypto value's can rise more evenly .
about the stability , i dont think we need it because being unstable is what makes crypto exciting and interisting . being unstable makes crypto unique among other asset and currency . we only lack of investors or new people this time but that can be provided the longer the crypto runs
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