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Topic: Any ideas of what we lack in crypto world? - page 6. (Read 3271 times)

hero member
Activity: 1400
Merit: 571
What we need is regulation, not for the price, but for exchanges, projects, ICOs and such. We lack guidelines for these projects and that leads to scams, thefts, etc. That is the only thing I can think of that we lack. If we're able to do this, then trust from the general public would be gained, next are the investors, and all will follow. If we can't avoid scams, we must somehow do something to prevent or penalize them.

Cryptocurrency don't need regulations or anything selfishly suggested by us, it is the majority that lacks something, and that is discipline, if only we all have proper discipline, no one would take the advantage of being anonymous in cryptocurrency to scam people by what you have mentioned, everything is going to be alright with honesty, and proper disciplinary actions to ourselves (though it is impossible) people nowadays are selfihs and only care for themselves.
hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
It's very important for us to know the lack of the cryptocurrency platform, I think there are various types of lacks within this system, firstly, The most people around the world don't have sufficient technical knowledge, so they are going behind of this platform, without proper knowledge no one can shine in this system, Secondly, required transaction time is high, we can convert it as a general currency at least one hour later, but for me, The significant reason is the lack of regulation, It's impossible to protect any negative incidents without proper regulation that is fully absence in this platform. Finally, adoption is one of the great barriers to this platform, until we can't solve it, we can't use it properly.
sr. member
Activity: 1526
Merit: 332
★Bitvest.io★ Play Plinko or Invest!
What we need is regulation, not for the price, but for exchanges, projects, ICOs and such. We lack guidelines for these projects and that leads to scams, thefts, etc. That is the only thing I can think of that we lack. If we're able to do this, then trust from the general public would be gained, next are the investors, and all will follow. If we can't avoid scams, we must somehow do something to prevent or penalize them.
legendary
Activity: 2450
Merit: 1855
Leading Crypto Sports Betting & Casino Platform
What is needed is the worldwide adoption of Bitcoin, many events are happening that are making the big ones wake up, including some countries, recognized company projects, Spain "The House of Coin" partnered with PwC to evolve the processes to save their data and identification, some stores sell fractions of Bitcoin for FIAT money, everything goes to a path that leads to Bitcoin.

Even some nations fear the launching of stablecoins because they can put their local economy at risk, I believe that global adoption is what is needed for the market to grow where it should always be, and when I get there I think the market will take a turn, it will have the same phases of accumulation and distribution, but its phases of accumulation will be higher, since demand will be high and supply will be low, the trend that many experts see but do not recognize is that.
sr. member
Activity: 1274
Merit: 252
What do we need for normal living in a blockchain world? The first in my view is the correct education about understanding cryptocurrency and blockchain technology, there are still many who do not know and there are still many who do not understand the concept of blockchain technology. In my opinion in a world there must be regulations, but in blockchain technology regulations are considered to have a negative impact on the performance of the digital currency, there are also those who agree to regulations so that mass adoption increases. Here I am also confused because blockchain technology is global, so if we do something for blockchain technology developers there will be a bad and good impact on the user's eyes.
sr. member
Activity: 938
Merit: 251
Bitcoin not be control by any one and any country, many country want to banned bitcoin because they want to stop how bitcoin popular with higher price and become bitcoin legal transaction if could control how bitcoin price. Bitcoin only manage by investor when holding price is higher and when selling price of bitcoin become down, many country try to manage bitcoin with power control to make bitcoin have higher price.
member
Activity: 434
Merit: 10
It is very obvious that cryptocurrency lack the full support of most governments. Others even remain neutral about it and this has been the biggest challenge to cryptocurrency as it hinders the adoption people prefer to listen to the government irrespective. However, as cryptocurrency grows gradually, it is likely that most governments will eventually accept crypto.
sr. member
Activity: 1120
Merit: 256
In cryptocurrency, in my opinion, the possibility of a constant exchange of absolutely all types of cryptocurrencies is not enough. First of all, it is necessary to create a mechanism that obliges the teams of existing projects after the ICO to buy back their tokens at some minimum price. This is an abnormal situation when ICO teams collect millions of dollars, invest them in their business, but do not care about their tokens and do not put them on the exchange.
In my repurchase system this is not very good. what needs to be improved is that the current system must be changed and also the rules that require the legality of each project and also the transparency of each fund. so everyone knows clearly the financial statements of each project. the possibility that if it could be clearer everyone would be easier to understand or invest in research
full member
Activity: 938
Merit: 137
In cryptocurrency, in my opinion, the possibility of a constant exchange of absolutely all types of cryptocurrencies is not enough. First of all, it is necessary to create a mechanism that obliges the teams of existing projects after the ICO to buy back their tokens at some minimum price. This is an abnormal situation when ICO teams collect millions of dollars, invest them in their business, but do not care about their tokens and do not put them on the exchange.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
There is a lack of legalization of cryptocurrency, because no one can give 100% security for coin holders.
As soon as security happens and the governments of countries legalize Bitcoin, everything will fly to the moon ... Wink
You have no idea what you are speaking of. Legalization means government involvement. That immediately brings in a lot of problem. With governments trying to censor everything bitcoin is not far from their reach. They are trying their best to cull the crypto community and they are not willing to let average tax-paying citizens to get involved. If your statement would become true then 99% of crypto users would be persecuted for possessing digital assets which are being used for criminal purpose - or at least thats what the court of US thinks on crypto.

You get my point? Government involvement is taken to be a bearish sentiment by the community.
full member
Activity: 490
Merit: 100
One thing that i have realized it would be off a high importance to the crypto community is we having some online marketing platforms such as Amazon and Ebay that would accept cryptocurrencies so that we can actually spend our cryptocurrencies in our daily lives.

We simply lack knowledge. Even those people that call themselves experts cannot use these technical analyses for making right predictions for the market. It is the most important thing we need.
hero member
Activity: 1190
Merit: 500
I think we need that governments be more opened and also people who have bussiness to accept crypto as a method of payment, and no one to ban crypto coins and let them be used for who want to.
of course all who are here hope and want it like that, but it is only a discourse that is difficult to legalize. it's not that easy to legalize crypto, because we know crypto is very risky and the price is difficult to predict, maybe that's the reason the government prohibits it.
I think because cryptocurrency can be a threat to a centralized system, where the government can control it. different from a decentralized system in which the government cannot control, and actually the government does not want to lose control
Yeah maybe that is a disadvantage for most users who use bitcoin as a currency too. legalization will open up a lot of adoption, as well as accepting bitcoin as legitimate payments directly in the store. but what you say is true, legalization is not as easy as imagined, they certainly want the user to be controlled and that makes the government difficult to regulate and legalize it
full member
Activity: 172
Merit: 102
A Blockchain Mobile Operator With Token Rewards
There is a lack of legalization of cryptocurrency, because no one can give 100% security for coin holders.
As soon as security happens and the governments of countries legalize Bitcoin, everything will fly to the moon ... Wink
hero member
Activity: 1190
Merit: 541
One thing that i have realized it would be off a high importance to the crypto community is we having some online marketing platforms such as Amazon and Ebay that would accept cryptocurrencies so that we can actually spend our cryptocurrencies in our daily lives.

Overstock (American online retailer) accepts bitcoin.

And bitcoin has Open Bazaar, which accepts cryptocurrencies:

https://openbazaar.org/

People keep saying, "I wish retailers accepted crypto" - but when they do, they don't buy anything from them. It's use or lose it. Retailers will disable the "pay by crypto" option if sales are low.
Peoples face issues like high network cost or may be any other such problem while going through crypto payment. Crypto payments should be made much easier by some advanced techniques so that all the retailers who accept cryptos should not face any such issues. Those retailers have to forcefully shut down the option to pay with cryptos if they don't gain much interest from the community so the community who at least demands such needs should support them and try making them wide. Cryptos have really started a wide global marketplace which is contributing towards the growth of bitcoins and might also bring something unique towards us.
hero member
Activity: 952
Merit: 503
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, blockchain technology is already full filled with all the needs a common individual needs. There are a lot of new emerging companies which will make the transactions much more easier and faster and supported by wide connections much sooner. Until now, blockchain technology has not shown any such emerging need but there might me some more modern and advanced techniques which will soon collaborate with the blockchain technology.

What we currently lack in the cryptos world is getting legalized from the government of each possible country which will make cryptos self dependent and long lasting which would be trusted by various nationalized banks as well.
full member
Activity: 1330
Merit: 147
For me, we are lack of knowledge on how useful crypto is. Mostly, people on crypto only know that crypto is just an investment scheme, only few knows how it is very useful for human being to have easy and comfortable life if we use blockchain technology to our daily living. If we have subject on school about blockchain technology, we can clearly know how crypto and blockchain are so useful.
We must know the factor who behind it happen, let say everyone have a lack knowledge to cryptocurrency what is the factor about it? For me it just because there is someone who has a power to make everyone believe that cryptocurrency is a scams investment. Either a government says or someone who has popular again an investment such as Warren Buffet.

With the result that, I'm sure if there is someone who has an interesting to cryptocurrency before but he gets an information which stated that cryptocurrency is a bade thing that should be avoide by him then he will leave it easiliy. You may know, the charracter of someone's mindset it depends on the assumption of many people and we see that know.

As for the function of blockchain, it's true will give many easier to meet their daily life. However, we must recognize a service that use it still a little bit.
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
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?
first and foremost we need to accept cryptocurrency as like a normal currency it is the only way of getting into it for a long period of time and your success is depends only with the investors and so taking to a long time will available in our hands.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
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.
Honestly the current numbers of people who knew or have knowledge about cryptos is very few compared to the overall populace, rigorous enlighment had to intensifies to bring more people to cryptos, there are alot of potential investors who haven't any idea about cryptos if the bridge or gap between non users and users is close it's going to ensure growth into the crypts world.
Lack of knowledge is what keeps people in dark even in 21 century. What people fail to understand is that world is making progress whether they like it or not, future doesnt wait for anyone! Crypto is an idea that isn`t fully explored yet, we need to give it a chance before we move to next big ideas. Many people still dont knows nothing about crypto, institutions are not using crypto, some governments still not aware of crypto, but for me that will be different in few years, we are on the good direction.
sr. member
Activity: 2590
Merit: 322
SOL.BIOKRIPT.COM
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.
Honestly the current numbers of people who knew or have knowledge about cryptos is very few compared to the overall populace, rigorous enlighment had to intensifies to bring more people to cryptos, there are alot of potential investors who haven't any idea about cryptos if the bridge or gap between non users and users is close it's going to ensure growth into the crypts world.
legendary
Activity: 2982
Merit: 1028
One thing that i have realized it would be off a high importance to the crypto community is we having some online marketing platforms such as Amazon and Ebay that would accept cryptocurrencies so that we can actually spend our cryptocurrencies in our daily lives.
Yeah right, online partners that will allow us to consume our crypto so it will not for investment alone but to use it as what's the real intend for
creating this system, if we  will be able to have a good online partnership that have strong bonds, it will gain more interest and many other
people around will be attracted and begin to use the system.
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