Topic: [Article] 10 Reasons Why Cryptocurrency Isn't Mainstream Yet - page 3. (Read 299 times)
1. Difficulties Spending - yes; until they become well regulated and secure, a mass adoption by sellers will be impossible;
2. Poorly Understood - that is the problem of the people actually.... there are so many well-written guides around; no help there, and not intrinsic to cryptos;
3. Volatility! - yes, while the volatility is exactly what is attracting the investors, it is not what the goods and service traders are looking for;
4. Legalities and other Regulations - we are slowly getting there.....
5. Illegal Activities - there always will be some... what about FIAT, there are much more illegal activities there....
6. Bitconnect! - who cares? There will always be projects like that one;
7. Unregulated - kinda like number 4, isn't it?
8. Not a Commodity, not a Currency - it will be legislatively defined... some of them (tokens) will become a commodity, while others (coins) a currency;
9. Media Influence - media influences everything really... the only problem is.... it is amazing how people tend to believe the titles although everybody knows nowadays that titles are always pulled out of context....
10. Learning Curve - good guides, really, it is easy.... and there are lots of people that can explain to other people which makes it even more easy... If you are interested, you will learn....
Im not sure cryptocurrencies will be mainstream as a spendable currency.
There is a good chance it will become mainstream as a technology.
As a spendable currency it has limitations as pointed out in the OP and I
wonder do we actually want crypto be be mainstream as a currency?
Would it be negatively impacted?
There is a good chance it will become mainstream as a technology.
As a spendable currency it has limitations as pointed out in the OP and I
wonder do we actually want crypto be be mainstream as a currency?
Would it be negatively impacted?
I'd like to see a future where people can choose between two alternative payment options - fiat or crypto, on the spot. It should be convenient from the first look.
The actual reason bitcoin hasn't gone mainstream yet is because of the continuous waves of FUD being spread against it by the luddites and paid media. Of course it has scaling problems which do limit its growth, but the scaling issue would have been solved a long time ago if adoption had improved.
Im not sure cryptocurrencies will be mainstream as a spendable currency.
There is a good chance it will become mainstream as a technology.
As a spendable currency it has limitations as pointed out in the OP and I
wonder do we actually want crypto be be mainstream as a currency?
Would it be negatively impacted?
There is a good chance it will become mainstream as a technology.
As a spendable currency it has limitations as pointed out in the OP and I
wonder do we actually want crypto be be mainstream as a currency?
Would it be negatively impacted?
it's not like easily accessible so it's why
Why Crypto Hasn't Gone Mainstream Yet
After a decade of trading and a market cap in hundreds of millions, it?s not yet clear ? will cryptocurrencies like Bit[Suspicious link removed]ver to the mainstream use?
One factor that could make or break a cryptocurrency is the ability to outgrow its FinTech image and put on some real economy clothes. It depends on consumers who decide whether or not to adopt cryptocurrencies as a payment method. Sadly, they are still vague when it comes trading fiat money for the cryptocurrency.
Also, some high-profile people are pessimistic on this idea of cryptocurrencies. A Nobel Prize-winning economist Robert Shiller (no pun intended) compared cryptocurrency with the Dutch tulip mania. On the other hand, Myron Scholes, another Nobel laureate, is taking part in the development of a low-volatility cryptocurrency Saga (SGA).
So, why cryptocurrencies aren?t mainstream yet?
1. Difficulties Spending
2. Poorly Understood
3. Volatility!
4. Legalities and other Regulations
5. Illegal Activities
6. Bitconnect!
7. Unregulated
8. Not a Commodity, not a Currency
9. Media Influence
10. Learning Curve
These are just the main outlines.
If interested, you can find the full article where each point is commented in detail here:
http://tokenlion.net/blog/post/117/10-reasons-why-cryptocurrency-isnt-mainstream-yet
What is your opinion on this? What are the reasons YOU think Cryptocurrency is not mainstream? If you had any crazy stories with crypto, let's hear it!
After a decade of trading and a market cap in hundreds of millions, it?s not yet clear ? will cryptocurrencies like Bit[Suspicious link removed]ver to the mainstream use?
One factor that could make or break a cryptocurrency is the ability to outgrow its FinTech image and put on some real economy clothes. It depends on consumers who decide whether or not to adopt cryptocurrencies as a payment method. Sadly, they are still vague when it comes trading fiat money for the cryptocurrency.
Also, some high-profile people are pessimistic on this idea of cryptocurrencies. A Nobel Prize-winning economist Robert Shiller (no pun intended) compared cryptocurrency with the Dutch tulip mania. On the other hand, Myron Scholes, another Nobel laureate, is taking part in the development of a low-volatility cryptocurrency Saga (SGA).
So, why cryptocurrencies aren?t mainstream yet?
1. Difficulties Spending
2. Poorly Understood
3. Volatility!
4. Legalities and other Regulations
5. Illegal Activities
6. Bitconnect!
7. Unregulated
8. Not a Commodity, not a Currency
9. Media Influence
10. Learning Curve
These are just the main outlines.
If interested, you can find the full article where each point is commented in detail here:
http://tokenlion.net/blog/post/117/10-reasons-why-cryptocurrency-isnt-mainstream-yet
What is your opinion on this? What are the reasons YOU think Cryptocurrency is not mainstream? If you had any crazy stories with crypto, let's hear it!
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