Topic: "Crypto will never reach mass adoption if it does not before more user-friendly" (Read 291 times)

What do you mean by centralized altcoin? Perhaps, yes.
However, up to this point, I still hope that Bitcoin becomes a more widely adopted alternative payment than altcoins. By seeking solutions to Bitcoin's limitations, at least Bitcoin's existence is more reliable compared to most altcoins that are created solely for developer profits.

At the very least, blockchain technology can be used by many people as an experiment. Until now, the implementation of blockchain technology continues to grow, but at a slow pace. It seems that the presence of governments or official institutions has control over the slow adoption of blockchain and cryptocurrency.

I agree with what you've said. Crypto is complicated and can be hard to understand by everyone. Even when I'm starting to learn about crypto back then and even until now, sometimes it can still be hard. But I think everything is hard at first especially now that there are more technological advancements. Middle-aged to older people are having a hard time learning how to use their mobile phones so I think it's normal for others as well to have a hard time learning or getting into crypto. But I think the younger generation is more capable of adapting to the fast changes of technology. In the future, more people can and/or will adapt crypto tho it might take quite some time for that. Aside from that, we also need a more efficient way of teaching crypto easily for others to understand.

The thing is, if any project promised a 10x for investors it's a red flag for someone like me, but I have once be proven wrong, few projects did promised 10x and they did more than 10x for their investors in 2021, a good example of such project is Hex from Richard hart, almost everyone in crypto hated Richard because of his lifestyle and facts he talks about, yet all the supposed nonsense he speak back in 2020 all came to reality, it's on the investors to either believe in the projects they choose or see them as red flag and avoid them, still what will happen will happen.

I agree with you and I continue to reiterate as I have already argued in one of my threads that people started using the camera when smartphones had one and therefore there is no need for other applications that all do the same thing but integrate LN payments or onchain from other apps (applications are required).  So commenting on OP's thread it is actually true that it is not very intuitive (even if the post is talking about ETH it seems to me) and I agree that to reach the masses there is still a lot of work to do and simplify to a minimum.  Even LN to this day is absolutely implausible to bring it to the masses without a very good computer education.

When everyone is aiming to have a Bitcoin, Bitcoin will become expensive and maybe kept as a luxury item since its supply is finite while adoption is ever-growing so we might find ourselves not wanting to part with our ever-increasing asset and wanting to keep it for maximum possible profit. So I agree that it is possible that an altcoin will be the one used for daily transactions and Bitcoin will be kept in stash as we will find ourselves keeping it for more profit.

I personally don't think software being user-friendly is related to mass adoption, that only relates to the current adoption. Mass adoption is a completely different story...

I hate to say it, as I'm a firm believer in self-custody, but the reality is mass adoption will never be based on self-custody. This is solely for the "innovation" stage of Bitcoin's adoption. To think that the majority of the population would even want to be custodians of their money is simply ridiculous, like everything else, they will want to rely on a third party to do it for them. Ideally a reliable one.

I used to think that mass adoption would be a shift from relying on banks to the population adopting self-custody and making them obsolute, but now I realise it will simply be the population adopting a self-regulating currency, ie one with fixed inflation model, and moving away from fiat, and the reality is this service will be served by crypto-based banks. Likely the same banks in existence today.

I realise many will find my comment of bad taste or something, but this is simply being realistic. Given that already 25% of investors have lost their Bitcoin, is it really realistic to think that the wider population who no doubt have even less experience being custodians of Bitcoin would take on this role, knowing there's a 1 in 4 chance they will fail miserably? It doesn't seem worth the risk for most people.

You made a valid point that for massive adoption of  crypto currencies, it is crucial to make them easy to use and accessible for general public. However, it is true that crypto industry has made significant technological advancement during the recent years, but still there are many barriers including complexity of technology, security, and above all regulatory issues which need to be addressed on global level for its widespread adoption and to win the confidence of investors and general public.

No, the default state is far from convenient. A lot of UI/UX development iterations are being made to progress on how to make Bitcoin easier to use, its default state never has any user-friendliness. Besides, a lot of supporting factors and the ecosystem surely lack the easiness compared to centralized entities. It is not a matter that people feel they can't have control, they just don't bother digging deeper about it.

Altcoin spaces have a lot to offer and it is interconnected with diverse spaces, people blindly assume it as a finance innovation coupled with many sectors such as art, games, music, etc. That promises are offered by those altcoin projects. In fact, some of them are truly captivated by what those projects could offer, not specifically directed toward bitcoin use cases.

Bitcoin by it default state is a user friendly cryptocurrency, but it's the people that go against it because they feels like they can't have control over it, while those that are investing with bitcoin, few of them make this mistakes by going centralized instead of being decentralized with their bitcoin, sone don't even have an idea about the difference between bitcoin and every other cryptocurrencies, these are the first discouragements we encounter in making bitcoin a user friendly to those coming into it new.


What the people want in cryptocurrency is bitcoin, but they don't know what distinguish bitcoin from altcoins, they got carried away by their adverts and influencers or promoters, but some were already getting exposed to this while some were still in the dark, but with time, things will normalize.

Bitcoin adoption will not happen overnight and at the same time. For now, bitcoin is not for everybody because many people understand nothing about the network this might be because of illiteracy or ignorance. It will take only a person that can read to understand the Bitcoin network and many people in my area will always prefer fiat because it is very easy to understand. So it will be difficult for bitcoin to penetrate places that have a high rate of illiteracy. But Bitcoin adoption will be appreciated by people that are informed because with little reading or studying they will be able to understand the network. So we shouldn't expect adoption until certain measures have been put in place.

Well, he's got some points. To operate crypto you need to learn some things, and most people just don't want to do that. But I'm not sure it's possible to increase user-friendliness without losing crypto's features.

Both are almost the same when it comes to learning about the technical part and that is why it is difficult for grandparents to learn to understand how to make money in Altcoins and Bitcoins. But if you look at the emergence of ATMs from bank products, parents also have difficulty accessing them because they have to use an ATM machine and the same goes for the banking system using Internet Banking Mobile (M Bangking) which uses a smartphone. I think this difficulty is due to a lack of knowledge about technology and the internet or it could be because their previous lives did not use this method.

If it can be simplified and user-friendly as you say then I'm sure this adoption will continue to spread throughout the country and including rural areas. If paid special attention and from the experience of those closest to me, the difficulty lies in knowledge of technology and the internet being more dominant, especially for people who are categorized as grandparents so they find it difficult to adapt to this system.

Everyone is just not quite familiar yet.

Imagining crypto is like imagining a perfect product with unappealing packaging. This is what makes the selling value of crypto unattractive to the public. We know that blockchain technology applies a very fair system.

I believe that the existence of blockchain is truly needed by the general public. However, the public is not interested in using it because there are products with more attractive packaging, even though in reality, their systems are not better than crypto.

The statement on Reddit is not wrong. Crypto really needs to be easy to use by anyone, even in cunning ways. Because the adopted system is honesty and fairness, acting like a marketing expert of centralized companies is not a problem.

They should be publishing the articles which give out solution and not depict the problem that already exists and unresolved. The article suggest how peeps are confused about use of paper wallets, hardware wallets etc etc. Not sure why this is way to go when community publishes articles like this one.

Anyways on the other hand, blockchain is already burdened and the biggest reason behind this is open source tech. You can’t control anything about it and hence the entire discussion is in vain.

I mean yeah user friendliness is super important for mass adoption because people are only gonna use things that are super convenient (except for the people who are REALLY into it, but that will always be not most people). Like, to compare, stock investing is mainstream, but only a small minority of hardcore stock investors are gonna be doing anything beyond setting up a basic retirement fund that automatically DCAs their paycheck or whatever. But with Bitcoin the point is to be decentralized so that takes away the conveniences of centralized services. So mass adoption is either gonna happen through centralized services, or user-friendliness of using this stuff in how it was intended has gotta get to the point where people don't need to know much to use it.

It's always going to be a little complicated for a first timer, but yeah improving user friendliness is a big step needed in making Bitcoin mainstreamable.

Simple research can give a person the answer.  For a non-tech-savvy person, Bitcoin is a bit complicated because of the learning level of the person.  There is nothing to do about it because everything is complicated on that kind of person. 

I agree that if anyone won't spend time in learning the ropes of an item, it will be difficult for him to use it regardless of how easy to use that item is.  So a person must spend some time learning the basics.

The cryptocurrency world is mixed up, and some think altcoin-related things are fancier than Bitcoin. They did not look into the fundamental issues. As time goes on, I don't think the disparity will be much more distinct, thus people would relate Bitcoin with altcoins.

There is a gist toward cryptocurrency in general and Bitcoin from that thread, though. Bitcoin is surely a simpler network compared to others, but it is necessary we also need to empathize with regular or non-technical savvy users.

I have seen post and questions about how and if possible is it for a newbie and non tech savvy person to learn about bitcoins. I believe these can of questions start as a result of how non user friendly and complex some exchanges and wallets have made their platforms to look. It can be discouraging for a newbie to cryptocurrency to try to get used to using bitcoins on their own, and because they do not want to make mistakes, they may be forced to not used bitcoins yet, a hindrance to mass adoption. With more user friendly platforms for bitcoins, more people will be able to easily understand it and how to use it.

Nowadays it's hard to see them being friendly. You see the sign that it's already a CBDC. That's proof that the world has been thinking about adopting non-crypto technology. The system as opposed to centralized governance makes them reluctant to use crypto. Indeed, digital money is currently being used and crypto is history in the process. Despite the high hopes that mass adoption will occur. At this time I am happy that Crypto is legal as an Asset.

I really agree with the title, cryptocurrency is still in the early days and I believe that there is still a lot of room to grow.
Being user friendly platforms is a must because some people thinking that if you will use cryptocurrency, you must be techy because at first you can't use cryptocurrency without internet connection and I believe that there are still lot of people are not yet introduced with internet connection or some don't want to use it.