Topic: Did crypto become mainstream too early? - page 3. (Read 615 times)

The technology of cryptocurrencies is not yet ready for daily use, but it is going to this.
 Now cryptocurrencies are basically a speculative tool for earning.

This is totally coming out from a very ignorant person . Blockchain is not too "early" . It is in the world since 1980s and has taken so much time already to mature and reach to the people . Does it need more time ? I really don't think so . Moreover , technology matures with time and it is the fact for all other technologies which are even the biggest and oldest in the market .

It has not become mainstream too early.. I think we will become mainstream by end of 2019, it was just a small testpump in my eyes and more people will start to invest into crypto coins in the next couple of months!

In my opinion we are not yet mainstream. I know many computer scientists and IT consultants that do not understand Bitcoin or crypto in general. We are far away from mainstream...

I don'y think cryptocurrency is getting popular fast enough. It has been 9 years (if I am not mistaken) since the existence of the first cryptocurrency and yet we are not yet in the mainstream. Yes there are many people getting engaged to cryptocurrency but this does not mean we are in the mainstream already. Although I agree that we need to have much powerful technology to handle any issue before we go mainstream.

I think it can not make it fast because it will make the change imperfect then it will fail in the market, but if it is done slowly but surely, and gradually cryptocurrency is done change and refinement, then the possibility to succeed is very big, just wait my time, here is my opinion on this matter

It has not become mainstream yet, the popularity is temporary as you can see, it was just about hype due to increase in prices but popularity is constantly increasing.

What the industry need is needs is trustworthy leaders and advisors to teach how the cryptocurrency works . One of the reasons of the instability in the crypto industry is because some of the existing and current menbers along with the new ones lack knowledge on how the cryptocurrency really works. That is why what ww would need is to teach about it trough leaders and advisers.

While some may think too early is a possibility, i would say it didn't. Crypto actually came at a very opportune time and moment because the world is now able to appreciate the potential of blockchain. Everything has to start somewhere and i'm happy of where we are now, while people are doubting in bitcoin, i believe this is a good time to invest.

I agree with you that crypto is still very complex, with complicated wallets with long public and private keys and needing to buy a major cryptocurrency with fiat and transfer it to a trading exchange wallet to buy other altcoins which then need to be moved to a personal online or offline wallet to limit the risk of hacking and theft. This is only for cryptocurrency enthusiasts, and it’s estimated that less than 1% of the population own or use crypto - although over 50% of the world population on are aware of crypto and interested in owning and using it eventually. And I agree that increased ownership and usage in the general population will come slowly over the next 10-15 years, as better blockchain architecture is developed that will allow development of dApps able to compete with the current centralised applications most people and industries use every day - and as layers are developed on top of the blockchains and apps that makes using crypto as easy as registering and pushing a button, and not the complicated process it is now. But I do feel that eventually after 10-20 years using blockchain and crypto will become the norm for mist of the population except the 5% Luddites who are slow to adopt any new technology, and that increase in crypto usage and ownership to most of the population will lead to enormous gains for we early adopters if we invest in crypto wisely the next few years!

That makes sense, there are reports that mining bitcoin has a consumption of electricity more than a country.

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I forgot what country is that but greenpeace or any environment groups and activitists will also consider what you've said.

hope and think this will be happen nex 10 years ... crypto hast to be a little bit stablier than now =)
and the mining part should be discuest because greenpeace and co will not be happy with the power situation of mining

crypto will be used by people in the activity every day and it will definitely happen just take a long time. it's like a time bomb that will explode anytime.
but most importantly how to speed things up.

no it isnt, its been already 9years since the first crypto came out (which is bitcoin ) .  i think 9 years is already far to say that cryptos are still young.


of course there is. There is alot of changes happening on the crypro scene. few examples are those hardforks and segwits , these events may seem to be patch for cryptos to fix some issues and to further improve their service.

Overall , cryptos did not became mainstream too early because there were only few people who knows and uses it. Majority of the population are still dont have any idea on what is a crypto.

I would say that it must be better if they got in earlier so that they are not shouting for their losses instead they are appreciating the dip.

in my opinion, this cryptocurrency was still too young, there is no such a great change in it from its conventional payment method, beside the tag "decentralized" and "zero fee transaction". That's why i think we really need to change  the way we think about crypto. this one should be more developed, and not just become for a "online transaction".

Crypto has been around for quite a long time now but no-one was interested in it except a handful of people. Now that there is money to be made, everyone is joining in with new projects to accelerate mainstream adoption. Not too early at all, maybe a little late

I think it has. Hence why there are so many money hungry scammers creating terrible ICOs that provide nothing to token holders. People need to look towards cryptos that are establishing real revenues with real companies like AMB, ICX, and VEN.

I don't think that cryptocurrency is a mainstream yet. And also, I don't think the cryptocurrencies have got popular so fast, because many of the good projects are not very young.

Crypto deserve to be as popular as now, the features that crypto bring is nowhere to find in other stuff or currency. But by gaining popularity it also has many risk, many people will use it only to get profit for themselves and make loss to other, but in this case we should blame the bad people, not crypto.