Making crypto succeed in the real world? - page 8.

BaraxLo

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Quote from: realBitcoiner on May 30, 2018, 03:28:18 AM

Quote from: tambok on May 25, 2018, 02:46:54 PM

It will become success and that is for sure, crypto is a good way to fund projects for now, and many people are believing in it too, so no need to worry about it, in fact cryptocrurrency are already successful but it was still negative for other people due to scammers and negative news.

Bitcoin will be the main stream in the future and the whole world will use it as their regular and legal currency in their local markets. All people will trade in bitcoin. Transactions will be easy and no need for exchange while using outside the country. All other paper currencies will disappear like barter system. Only crypto will hold the market. This is what bitcoin made for.

No doubt as that is what we all expect anyway, but before we eventually hit the mainstream, there is a need for everyone to have the mentality that bitcoin is a currency and a tool for payment purposes and not just as a form of speculative asset which a lot see it as these days.

The way to succeed is to get to use it for its main purpose. Otherwise, we will just keep going back and forth, huge volatility here and there, and then the whales manipulating the prices to keep winning all the time.

syaripudin

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yes, it seems that to realize all things related to the means of transaction by using crypto it is necessary for the development of a more convenient for users of crypto. and of course this needs support from all parties to build a better means of transaction by using crypto and this of course will take a long time. I hope that in the future crypto will be a thing to do the transaction easily that can be used by everyone.

voztata

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Quote from: InKiTy38 on June 01, 2018, 04:03:54 AM

To make crypto a success in the real world, this is not a matter for one person but for the first one the government has to make the crypto legitimate and the user to be honest and real with the bitcoin. So we have the power to make it successful

Actually this is one thing that would actually bring some positive sentiment into the crypto space and also reduce a lot of fear, uncertainty and doubt. Government legalizing it though will mean regulating it, but in that case, it is one thing we will definitely have to accept to move forward unless we just want to keep seeing clamp down by the government every now and then. In this scenario, it would be easy for the institutions to roll in and smart moneys kicking in, which obviously brings about huge growth.

Pattart

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Quote from: Indrawan77 on May 03, 2018, 08:44:27 PM

I think we are not arriving at that stage yet, at this time we still struggle with the government regulation and how to make bitcoin to be mass adopted so the price fluctuations could be controlled, how to create a fast and cheap transaction, many stores complained that the btc price is too fluctuate and they can't predicted their profit and if the price fluctuate too much its very inconvenient for them to accept crypto, when this thing could be settled then we will enter the infrastructure stage which is the wifi and the wallet setting

Bitcoin is still in the development stage and needs a process to achieve that success. yeah you're right maybe we're still in the stage to do the regulation on bitcoin. and to achieve that regulation we need a very long time. because it is difficult to convince the government. when the stages of the regulation have been passed I'm sure other stages such as acceptance of store, rapid user growth, etc will get easily

chrisculanag

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Yes i think , many crypto are made for the good purposes and because of this many crypto are sucessful like as bitcoin and many more . Just make a good crypto , good budget and good purpose and i think you get a success.

iram1011

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With Lightening Network making Bitcoin feasible as a payment option, there need to be a way for instant payment to vendors while making a TX. I have read an article which state that NFC can be clubbed with LN to make crypto payment fast and reliable with less fees involved. This is likely to boost the utility of Bitcoin as a currency. Cryptos are basically being used as an investment asset because of their deflationary property. People tend to hodl than to spend cryptos for the future returns. Merchants fear the volatility of cryptos and hence, aren't really willing to use cryptocurrencies as a mean of payment. But if we find a way to instant and relaible payment, we might can boost the utility.

coinplus

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Quote from: Jessica2009 on June 10, 2018, 01:54:07 PM

In Bitcoin the transactions the cost is low and there is no third party interference in the transactions it is a peer to peer deal only with the user and the trader .In developing countries Bitcoin currency can succeed as real money .Bitcoin can be useful in places where government impose strict rules on the use of fiat currency's .The prices of Bitcoin is based on the supply and demand of Bitcoin and its nature is anonymous. These all are the features are making crypto succeed in real world.

Yeah, the success of crypto is totally based on its usage entirely and how people eventually get to perceive it as a currency more than an asset but a whole lot of that still has to do with how government is ready to accept it and may be regulate it but we all know they just do not come easy as it would take series of rules, policies and amendments to eventually get there.

Plus, the features like you said in your last statement such as transaction fees, speed and so much more, will really help in fast growth and development as we forge ahead.

Sengoko

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Quote from: ?? on ??

The Usechain project is designed to work in the real world. About the project
Usechain is a blockchain platform that creates an application for identifying a person and binding it to specific services: crypto-currency wallets, service applications, for insurance or in lending, the banking sector, etc. In addition, the platform will allow for effective mining, realisation high-speed crypto-currency transactions.

We are discussing the success of cryptocurrencies and especially we see the Bitcoin as the most developed and progressing currency among all the other currencies. We see that world is looking and staring at the Bitcoin or in other words Bitcoin is the sight of modern world because they know that Bitcoin is a successful and popular currency on the basis of its features.

beerlover

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Quote from: ?? on ??

The Usechain project is designed to work in the real world. About the project
Usechain is a blockchain platform that creates an application for identifying a person and binding it to specific services: crypto-currency wallets, service applications, for insurance or in lending, the banking sector, etc. In addition, the platform will allow for effective mining, realisation high-speed crypto-currency transactions.

Why are you spamming on the forum ? This is totally off topic and if you want to announce Usechain, you can just do that on Altcoin page, or the ANN thread of the project. However, with respect to the success of crypto world at large, based on what the OP was referring to, I believe there is just so much that would need to be put into consideration from the devs, to the community to the government and so on which all encompasses on how all these set of people that I have mentioned ends up participating in its real life usage of crypto as currency where products create demand for the token or coin in the end.

darewaller

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Quote from: sepeda karat on June 10, 2018, 02:01:51 PM

broadly by the trader is possible, his responsibility is on the developers of blockchain, cryptocurrency fans, cryptocurrency investors and the government.The traders are afraid because of some drastic fluctuations in prices that can affect their income.

Traders are never afraid because of drastic reduction in price but they are just cautious of the volatility and find a safe way to play along. This is not a market that you can totally rely on TA as a trader and just enter a position in the market assuming things would just be fine based on that, but there are just so many other things you have to consider as an investor or trader as long as you are smart about what you are doing.

Regarding the growth crypto as well as its success, there is just so much to it than just the traders alone, as there are some fundamentals that will need to be fulfilled.

sepeda karat

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broadly by the trader is possible, his responsibility is on the developers of blockchain, cryptocurrency fans, cryptocurrency investors and the government.The traders are afraid because of some drastic fluctuations in prices that can affect their income.

Jessica2009

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In Bitcoin the transactions the cost is low and there is no third party interference in the transactions it is a peer to peer deal only with the user and the trader .In developing countries Bitcoin currency can succeed as real money .Bitcoin can be useful in places where government impose strict rules on the use of fiat currency's .The prices of Bitcoin is based on the supply and demand of Bitcoin and its nature is anonymous. These all are the features are making crypto succeed in real world.

trecore4

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Whatever you explained here reminds of something, I think that thing is called as Fiat currency. Cheesy

I dont see any differences between that and the regulation of crypto currencies in so called your ways. This payments system or protocol that you just put forth might just turn the whole crypto currency thing into the normal traditional way of transacting. There seems zero difference in all of them and no scope for the crypto currency to breath normally. This wont really succeed the crypto currency but it may just make it more or less too regulated giving it more restrictions.

el kaka22

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Quote from: frankywill on May 30, 2018, 06:58:31 AM

I am communicating a lot in my common life and many of my friends due to my encouragement are already in here. So I make bitcoin promotion like that

I guess you are referring to marketing somehow. There is actually so much word of mouth can do. It is more like a community and if those around you understand the importance and benefit you are deriving from the crypto world, it just keeps spreading on and on and then you realize eventually that the users are increasing by the day.

We need to consider that the population of bitcoin users and holders have drastically increased over the years and when development kicks in where we get to see the process where we can use bitcoin as a currency in its fullness, it would even make it better.

jhonjhon

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Quote from: cloudproject on May 27, 2018, 02:30:16 AM

that was really hard if crypto are succeed in the real world, because not just only making the system but bitcoin have still many people that don't like and gov too, so merely crypto must remain in their place in the digital stuff thing

It couldn't be hard if the government will give interest towards crypto as to be consider another option of payment. But as it figured from the start, its totally just a digital form of currency and bringing it into real world might be it takes too many years. And those people who aren't in favor with these, will surely get into realization as of having importance of these in today's generation.

dillema018

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As for now many countries are using bitcoin as another way of their payment and many merchandiser accept the bitcoin to be another payment and besides there is no doubt that this would become one signal currency all over the world and maybe they can develop a gadget that can use to have a one gadget that can be use at all.

Ejanend

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Quote from: setupbounds on May 30, 2018, 02:53:50 AM

Quote from: Ibrahim 2020 on May 27, 2018, 02:16:13 AM

I think this article touches on wider adoption and some potential methods we could use to get there. I think a standardised protocol would have to be introduced in order to reach the mainstream adoption we all want to see. I have no doubt these things will be developed. It's easy to get caught up in the bubble within cryptocurrency but we are still extremely early and allot of the infrastructure still hasn't been developed

In the real world means the modern world’s markets are now running on cryptocurrencies and all the transactions are taking place through cryptocurrencies these days due to its response and the demand of people. A person has investment in a crypto market is successful as this market makes you able to make profit and a huge profit after a long term investment with perfect handling.

In order to get success in the modern world a new has established and this is the crypto market where you can get the maximum benefit in a very short interval as we know that getting maximum and huge benefit takes huge time in other sources. We can get success by using the Bitcoin for our investments and trading with it also gives you profit. We are people with productive minds and we must choose the valuable currency and that is the Bitcoin.

Linhkej

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Quote from: Vindberg on May 03, 2018, 05:36:04 AM

Hi, I would love to hear your input on this.

As I see it, we need crypto wallets installed on every phone possible to ensure the readiness of everyday payment with crypto assets. Once customers are ready to pay, the stores will follow.

At least three things needs to happen:

1) Adoption of crypto wallets needs to increase (preferable with pre-funded assets)
2) Each wallet provider needs to agree on a standard protocol for payment (Maybe Payment Request API (W3))?
3) Store owners need a merchant app to receive payment with further integration into multiple accounting systems.

Have you seen anyone doing this?
Do we need a wallet alliance that can stipulate a standard?
What else needs to happen besides regulation?

Best crypto greetings,
Vindberg
https://validators.com

Yes, that will make the Crypto market grow and market capitalization will be significant. But how to make a world of electronic money?
That is very difficult to implement because Cryptocurrency has too many shortcomings and lack of stability. Shop owners will not want their sales going down as the market goes down. USDT is not affected too much but its blockchain system is having problems, the transaction is too long and the charge is high.

MiukoOk

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Quote from: InKiTy38 on June 01, 2018, 04:03:54 AM

To make crypto a success in the real world, this is not a matter for one person but for the first one the government has to make the crypto legitimate and the user to be honest and real with the bitcoin. So we have the power to make it successful

Letting Crypto succeed in the real world requires quite a bit of investment in technology and equipment for them, meeting consumer requirements. But Crypto still has many unprofitable holes. I think it's hard to put BTC in the real world.

cahbagus555

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I dont know about technical for bitcoin payment but I am believe if we can use our smartphone for transaction using bitcoin in the future. Its need a long time to make it happen but i am believe that will happen when peoples transaction using bitcoin or other cryptocurrency.

Topic: Making crypto succeed in the real world? - page 8. (Read 1179 times)