Topic: Problems with crypto - we arent there yet (Read 224 times)
We will have to experience a lot of diificulties before obtaining the best market for crypto currencies and it is a good thing that this obstacle happen because we can test the stability of cryptos. 2017 test how strong every coins are and how people support them after experiencing sudden change in their prices. We are not yet done I'm sure more hardforks and fluctuations will be experience but we can all cope up with this
On the brightside, with the influx of people into crypto opens doors to industries like finance. Saw a project called Polymath bridging wall street to blockchain. That in itself should tell you the power of crypto. They're essentially creating a platform for finance companies to launch their own legal security tokens. https://polymath.network/
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Most of the things you mentioned aren not the problems with cryptos, you pretty much summarized Bitcoin's problems.- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Decentralized cryptocurrencies are probably the biggest issue. As of now, those coins are getting a lot of attention from corporations and investors, which is very worrying because those cryptos don't follow the fundamentals of what cryptocurrencies are based on.
And when you say "crypto needs to be payed with btc", how is this a problem? altcoins will always trade with Bitcoin, that's the crypto that drives the market, and without it most of the altcoins will probably dissapear. If you consider this a problem, then you'll have to wait a long time because nothing's gonna in 2018.
There will always be some issues in any ecosystem, but I would just look at all the strides it made in 2017. Looks good for 2018 and let's keep our fingers crossed!
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Lightning network will resolve the slow confirmation speed,and good ICOs are coming in with artificial intelligence projects this year we hope that alts will do good than lat year.- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Everyone is talking about the problems of bitcoin. I think that these problems are artificially created. With a strong desire can be solved very quickly. There is another danger that no one sees. In recent times the exchange of cryptocurrency have problems with the withdrawal of Fiat. This will affect the whole community of cryptocurrency.
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Most problems with Bitcoin might still exist other than fast transactions, the wallet teams should be able to get the at fixed this year.- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Any new technology needs time to adjust (may be you remember what kind of jungle or far west was internet at the beginning, when you cold make any kind of scam)
So, sure there are problem (and problems mean opportunities) but they will be solved step by step
So, sure there are problem (and problems mean opportunities) but they will be solved step by step
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
I really don't like the fact that BTC is used as the base crypto. Why should we have to buy BTC when we want other cryptos? BTC is way too expensive and slow. Exchanges should make more trading pairs available for all coins.
i am a bit scared, everyday purchases new coins, that all aim to be the new and better cryptocurrency, get hyped and their price rises fast....nevertheless their true value is uncertain and unknown.....looking at the total cryptocurrency market, personally i think that is not the best sign......we arent there yet...i agree with that......
Any hope that the high transaction cost with Bitcoin will go down soon?
This is a serious flaw with Bitcoin now.. Lightning will fix this?
This is a serious flaw with Bitcoin now.. Lightning will fix this?
ICOs are just like new companies not everything gets successfull. And yes everything is still at the beginning, but I think time after time people will bring up new ideas to make cryptos even better in every aspect.
All of these problems will be solved within 2018 and 2019. Crypto businesses are growing worldwide right now. Attention brings people and problems are going to be dealt with.
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Hmm. I would say Hard Forks are not actually a problem in crypto, it is only an issue with Bitcoin because a lot of greedy devs want to launch their own Bitcoin-based alt for instant money. Otherwise, hard forking is necessary sometimes. If I am not mistaken Bitcoin did it once already many years back, and Ethereum did it to save their funds from hackers.
In fact, all your problems mentioned are not problems, they are design characteristics. Even if Bitcoin had 1 user, he still has a 10 minute confirmation time.
Centralization yes, that is a problem, but not for everyone. Ethereum and Iota and Ripple for example, all their users love the centralization of their coins.
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
In my opinion everybody know these problems so in my opinion people will be trying fix all problems. I hope the part will be repaired in 2018
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
The transaction speed is one thing that most projects stumble with.- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
I think that most developers need to work with the timing of their updates, some state that they will get something at a certain time and they don't.
we all hope that all will be resolved soon. but that must be resolved is the speed of transactions that make many users upset even disappointed. transactions that take a long time and cost a fortune, this is my reason for not using btc nowadays.
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Nice observations you have there. These are all true and I share the demand or the hope that all these very significant issues be resolved as soon as possible, hopefully withing the year 2018. The trust of the people are not without bases. They are trusting and investing into cryptocurrencies and Bitcoin because of the advantages they are giving them. But once the disadvantages will prove to be much heavier and giving them more hassles, these same individuals will pull out their support from crypto. And that is not good to all of us.
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Lightning network will resolve the slow confirmation speed,and good ICOs are coming in with artificial intelligence projects this year we hope that alts will do good than lat year. - This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
There are still many problems in crypto:
- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
As long as people are still thinking to earn fast money from the fork and various ways and it will not believe if that will be solved asap. Those are waiting for fork coins and they don't care if that will become shit, scam or whatever they called it. People in these days are thinking about money and money. Money is everything. - This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects
We arent there yet. But these problems wil be solved
Maybe in 2018..
Jump to: