Topic: Any ideas of what we lack in crypto world? - page 3. (Read 3271 times)
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.
I think a bit of regulations on exchanges and new project wouldn't harm anyone. It will affect the decentralization aspect a bit but it will also provide the needed security to the people. Many people are wary of cryptos because of the lack of security of their funds. Though the security depends upon us only but little bit of regulations over exchanges will bring cryptos int he good books.
I think that regulations can have a good effect, as well as having a law to protect those investors, so that they can have something that can sue in case one project run away or turned to scam. As well as, we should unite as one in eliminating scam so people who were once victim of scam, will once again gain the trust for crypto.
Regulations on exchanges has it's pros and cons and that's mentioned correctly.
In crypto world we lack the situation which was 11 years ago when bitcoin was created. At that moment it was truly decentralized, anonymous and in overall amazing currency. Now it's becoming opposite of this and is subject of commercial business.
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
What I regret is that from the current system there are so many frauds that occur even more sophisticated fraudsters do more skilled fraud mechanisms and in my opinion indeed for so many people who vote so that each country can set Cryptocurrency to finalize the existence of fraud that happened to Cryptocurrency. This is a problem that continues to occur until now
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 What we are really lacking here is acceptance. If the government will accept cryptocurrency, they will make a move in order to fulfill what's other lacking like knowledge. If only the government will support crypto, they can include it in the curriculum so that students and millennials can learn and adopt cryptocurrency. If more people discover crypto, merchants will adopt to it. Making it an option for payments and such.
The only problem would be, non techy people and rural places. Well, it's not actually a problem since they can still choose not to adopt on it if they are not capable.
The only problem would be, non techy people and rural places. Well, it's not actually a problem since they can still choose not to adopt on it if they are not capable.
Agree with you once the government of every nation will accept and will inform people that they will legalize Bitcoin and other altcoins, then for sure the adoption is unstoppable as well as the price cannot stop anymore, as the number of users will increase day by day. But, at the moment, we still need a lot of time and patience before it will happen, as there's still a lot of deliberations coming in and needs proof that Bitcoin and other crypto will not affect the global economy.
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!
What we are really lacking here is acceptance. If the government will accept cryptocurrency, they will make a move in order to fulfill what's other lacking like knowledge. If only the government will support crypto, they can include it in the curriculum so that students and millennials can learn and adopt cryptocurrency. If more people discover crypto, merchants will adopt to it. Making it an option for payments and such.
The only problem would be, non techy people and rural places. Well, it's not actually a problem since they can still choose not to adopt on it if they are not capable.
The only problem would be, non techy people and rural places. Well, it's not actually a problem since they can still choose not to adopt on it if they are not capable.
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. It will affect the decentralization aspect a bit but it will also provide the needed security to the people. Many people are wary of cryptos because of the lack of security of their funds. Though the security depends upon us only but little bit of regulations over exchanges will bring cryptos int he good books.
I think that regulations can have a good effect, as well as having a law to protect those investors, so that they can have something that can sue in case one project run away or turned to scam. As well as, we should unite as one in eliminating scam so people who were once victim of scam, will once again gain the trust for crypto.
I think a bit of regulations on exchanges and new project wouldn't harm anyone. It will affect the decentralization aspect a bit but it will also provide the needed security to the people. Many people are wary of cryptos because of the lack of security of their funds. Though the security depends upon us only but little bit of regulations over exchanges will bring cryptos int he good books.
I think that regulations can have a good effect, as well as having a law to protect those investors, so that they can have something that can sue in case one project run away or turned to scam. As well as, we should unite as one in eliminating scam so people who were once victim of scam, will once again gain the trust for crypto.
I think a bit of regulations on exchanges and new project wouldn't harm anyone. It will affect the decentralization aspect a bit but it will also provide the needed security to the people. Many people are wary of cryptos because of the lack of security of their funds. Though the security depends upon us only but little bit of regulations over exchanges will bring cryptos int he good books.
Certainly support from the government where we live. In the crypto world today, profit is important, we need a thought where we really support what is called digital currency and blockchain technology.
In other cases where governments can adopt blockchain technology. then by creating its own cryptocurrency as a payment tool. Because if the government still uses a decentral or global digital currency like bitcoin, this will be a conflict between the many countries that have adopted the technology blockchain.
In other cases where governments can adopt blockchain technology. then by creating its own cryptocurrency as a payment tool. Because if the government still uses a decentral or global digital currency like bitcoin, this will be a conflict between the many countries that have adopted the technology blockchain.
Honestly stability above all else.
That was short. But honestly don't you think that we don't need that at all especially when the main purpose of investors is to make money out of digital coins. If these coins will become stable then there is no way to become rich with the help of these. The more volatile an asset is, the more money it can return. Volatility is the reason due to which people were able to become millionaire. 
As of today, most countries doesn't agree yet in crypto world, so what we are lacking today is the support from our government, once we do have support from the government most people will trust Bitcoin and crypto world, they will begin to adopt it. People who doesn't have much knowledge about crypto needs guidance from our government, so one word will make them believe in it.
Crypto world lacks set bodies or regulations which run checks on project before they enter the market. Due to the lack of this, many scam projects are free to enter which leads many investors with losses. Also, cryptocurrency is not accepted by all the governments and this has been a hindering factor to the smooth progress towards mass adoption.
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.
I agree with you that all the reasons you mentioned are true. there are many things that block crypto and blockchain for mass adoption. First, not all countries in the world have good internet access. those who live in remote areas do not yet have internet access. secondly cryptocurrency is often used to commit crimes such as money laundering and fraud. so negative news about cryptocurrency makes people afraid to enter cryptocurrency.
In addition to that, due to lack of education too, most people don't believe in crypto as they don't believe that this can be change the currency , they think that this is a big scam. Unless we introduce this to people and letting them know the benefit , I think that would help their perception.
For now people outside crypto world don't want to believe it because government didn't support crypto. and in addition too, that people don't want to believe it because of other country banning crypto and bitcoin. negativity is still spreading because of governments desires. but its still amaze me that there are projects who really spread crypto's uses and how they benefit it. but there are still lack of products and services that support crypto to use by people.
In my country, we have a lack of knowledge about cryptocurrencies. There are unfortunately 3 groups of people I know. The first one has never heard anything about Bitcoin and crypto. The second one consists of skeptics, who take BTC as at least a bubble. The third group includes people, who make money on crypto. Unfortunately, the 3rd one is less than 5% as I know. We need more information.
Honestly stability above all else.
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