Topic: How to take crypto mainstream? (Read 150 times)
Government should decide whether they would support the use of cryptocurrencies or not. This is what hinders the public from using it as a payment option or to any possible use case it may bring. The key to getting into mainstream is assurance from the government that anyone using it does not violate any law.
I think it's very helpful for cryptocurency if payment &transaction method will have more easy. more over its popularity has mainstream.
Maybe CardStack will be the right solution for taking crypto mainstream because they are making easy and simple way for crowd people to use crypto in everyday life with their mobile phone.
Crypto is growing day by day and there will be a lot of changes in the future. Its popularity is rising and mainstream could nor be ignored. I believe in crypto.
To make the crypto currency attracted a lot of popularity in the world it is necessary to reduce market volatility because it very much frightens off other people.
Recently I've read an article that was stating that a lot of things around us have been bought using crypto - not by us, but from factory by a retailer. I can't find a source of this information now, as this article is in Russian, but in case someone here knows Russian or just so interested that doesn't mind to use google translator, here it is: https://medium.com/@glavcrypt/bitcoin-in-business-d87b1ea6ff7a
I think it is a matter of more and more use cases, we can reach there faster if there is massive awareness about this technology to the general people or masses, once businesses, companies, institutes, retail stores and governments start accepting and prefering crypto payments then im sure crypto will become unstoppable and can replace fiat.
To take crypto mainstream what we need to do is increasinh the adaption of it among mass. For this we need to clear out the misconceptions they have about crypto and make them understand about the bright side of it. Hope this will help.
Crypto payments still has a very long way to go before attaining mass adoption. Why? Because unlike fiat, there are thousands of cryptocurrencies out there and increasing daily.
While a lot are ethereum based tokens, some have their designated blockchain and cannot be used for crosschained transactions.
This means, people will need to have multiple wallets, private keys to be fully decentralized and this still means they are subject to different form of threats in the form of hacks, DDOS attacks and more. Unlike the traditional banking systems which has a lot of safety nets against malicious attacks and the currencies are less volatile.
What is really the solution for taking Cryptocurrencies Mainstream.
How can we bridge the huge gap between where we are and where we are going?
I think what we can do now is to spread the word. You should tell your friend, family or brother and sister about it and join a group of cryptocurrency in your town or via telegram and keep active to discuss the cryptocurrency. I believe that the only thing we can do to support crypto to become mainstream While a lot are ethereum based tokens, some have their designated blockchain and cannot be used for crosschained transactions.
This means, people will need to have multiple wallets, private keys to be fully decentralized and this still means they are subject to different form of threats in the form of hacks, DDOS attacks and more. Unlike the traditional banking systems which has a lot of safety nets against malicious attacks and the currencies are less volatile.
What is really the solution for taking Cryptocurrencies Mainstream.
How can we bridge the huge gap between where we are and where we are going?
I truly beieve that the way to mass adoption would be stablecoins and scalability.
Personally been a huge fan of Havven and what they're doing to get people to use stablecoins. In terms of scalability, I think that's pretty obvious
Personally been a huge fan of Havven and what they're doing to get people to use stablecoins. In terms of scalability, I think that's pretty obvious
I am waiting for it. Wish to come one day when I can pay with my mobile wallet in the supermarket. I would think that the X day came. I hope to have enough amount to spend a good amount for some valuable things. For now I just discovered one online service - purse.io.
Actually its up to you based on this some are like fiat money also some are crypto based on this time changing so we are getting modernize based on this yes, I take this as a mainstream so I am moving with digital tech which have good future value and I also benefited.
cryptocurrency is a place where knowing the place is main formula to earn profit , and you also have to find the right coin for investing market value are increasing on daily base so for taking the crypto mainstream you must have to know how to find the solutions for market ups and downs
From the birth of bitcoin, crypto currency has come a long way. A lot has changed, new currency has entered the maker and more people knows about crypto currency. in order for the crypto currency to go mainstream and directly compete with fiat currency, government needs to accept it as an official method of payment. This process will take time but it is good to be hopeful
Crypto currency market is not a very old concept. It is relatively a new concept in comparison to traditional market but it has gone a long way within a short period of time. It is getting popularity from all walks of life. Though there are some security issues but these will be solved soon. Moreover the existing security system is very high; we just need to have knowledge on this.
For mass adaption of cryptocurrency we need some big players to enter the market but there is long way to go as many
obstacles are on the way. We need regulations for the market to be more attractive for investors.
obstacles are on the way. We need regulations for the market to be more attractive for investors.
We all know crypto transaction and payment system are not satisfying the customers. For this reason i think they need more technological development if they want to connect new peoples in this market.
It will eventually happen naturally, actually all the things happening out there such regulations, new concepts make the mass adoption easier.
For cryptocurrencies to be adopted by the masses, wallets and exchanges has to be made simple and easy to use. Most of the time, the "masses" find it difficult and complicated.
stop creating cryptocurrencies that are focusing on pump and dump instead of focusing on development and creating an actual currency and the adoption will follow on its own.
the things you explained such as being a lot of altcoins out there and having private keys/wallet,... are just excuses that you are coming up with to explain why the situation is so terrible right now with the altcoins.
take a look at bitcoin for instance. last year it was under a lot of attacks (spam attacks and media attacks) and fees went ridiculously high but people were still using bitcoin as payment! in fact Bitpay even reported a record breaking year for the number of payments they processed for bitcoin to merchants.
this is simply because bitcoin is designed to be a currency not a pump and dump like altcoins.
the things you explained such as being a lot of altcoins out there and having private keys/wallet,... are just excuses that you are coming up with to explain why the situation is so terrible right now with the altcoins.
take a look at bitcoin for instance. last year it was under a lot of attacks (spam attacks and media attacks) and fees went ridiculously high but people were still using bitcoin as payment! in fact Bitpay even reported a record breaking year for the number of payments they processed for bitcoin to merchants.
this is simply because bitcoin is designed to be a currency not a pump and dump like altcoins.
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