Most of investors still stay out of bitcoin for the reason that it's totally decentralised and doesn't have any authority to either ensure its price or to control any types of scams.So if bitcoin gets globally regulated,then it would help mass adoption.
Regulation and that too worldwide would not leave any difference in bitcoin and paper money. The new and unique feature of bitcoin rather all crypto currencies is that they are decentralized. No one is regulating them which ensures that these coins are the property of users. People are tired of staying under the control of the corrupt politicians who snatch their wealth in the form of taxes. 
Topic: What do you believe is needed for crypto currencies to be mass adopted? (Read 613 times)
March 26, 2018, 07:09:46 AM
March 23, 2018, 01:18:02 PM
I think we need advertisement across the globe and mainstream media for BTC to proliferate and be adopted by the public. All of bitcoin's features should be spread by the media and not just the negativities and rumors. The technology behind and how it works should be understood first before the public place its trusts.
You are mistaken we cannot rely on the mainstream media to advertise bitcoin they are bought they will do whatever they are told to do, they are not going to promote bitcoin and risk their careers and their source of money just to promote something like bitcoin, this is why promoting cryptocurrencies in social media was important but now that is not possible either with the current bans. 
March 23, 2018, 06:58:14 AM
For me the first step needed for crypto currencies te become mass adopted is education.
We need to educate all the people about bitcoin, like what it is, how this thing work, how its made and etc.
And all cryptos should be more stable interms of their price, it is not that easy because we cannot control the price of all cryptos but this thing will help a lot to achieve mass adoption
We need to educate all the people about bitcoin, like what it is, how this thing work, how its made and etc.
And all cryptos should be more stable interms of their price, it is not that easy because we cannot control the price of all cryptos but this thing will help a lot to achieve mass adoption
March 23, 2018, 06:37:55 AM
As adopters, we should show the people the true usage of cryptocurrency. As for bitcoin, we should use it as a currency/payment option more than an asset because the more people who hold it for a long time and then sell it if they got profit, the continuous flow of the coin will not happen. I know that it is hard for now to use it as a currency because the merchants are limited so you can't totally use it in all of your transactions.
That's all good and nice, but how are you going to implement that in practice? Yes, I agree that we should use Bitcoin as a currency to pay with it for goods. But there is no economic incentive to make people pay with crypto. People buy coins with the sole purpose of selling them later at a higher price. If they buy and the price goes down, everyone will be telling you to hold and wait till the price rises. You won't find here anyone who would tell you to spend the coins. This is the attitude prevailing among crypto holders, and there is nothing you can do with that.
March 22, 2018, 10:27:16 PM
As adopters, we should show the people the true usage of cryptocurrency. As for bitcoin, we should use it as a currency/payment option more than an asset because the more people who hold it for a long time and then sell it if they got profit, the continuous flow of the coin will not happen. I know that it is hard for now to use it as a currency because the merchants are limited so you can't totally use it in all of your transactions.
Trust is important as well so that people will start using it. The problem nowadays is that there are so many people who are against it spreading FUD so people has the impression that it is use for bad purpose. This is one of the things that hinders mass adoption. There is also the issue of legality. As long as it is not regulated, some people would be skeptic and would not dare be involved with it.
Trust is important as well so that people will start using it. The problem nowadays is that there are so many people who are against it spreading FUD so people has the impression that it is use for bad purpose. This is one of the things that hinders mass adoption. There is also the issue of legality. As long as it is not regulated, some people would be skeptic and would not dare be involved with it.
March 22, 2018, 10:18:58 PM
I think that central banks should consider the possibility of creating national digital currencies. The technology of the distributed registry will allow central banks to improve protection from cyberattacks and the mechanism of money transfers between legal entities and individuals
March 22, 2018, 10:10:07 PM
I dont think it is possible to do that in near future. It is because every (imagine how much there is crypto) need to be really stable. It is still to many risks for anyone who thinks about investing in crypto as their price is not stable and in matter of days you can bancrupt.
March 22, 2018, 07:39:07 PM
Most of investors still stay out of bitcoin for the reason that it's totally decentralised and doesn't have any authority to either ensure its price or to control any types of scams.So if bitcoin gets globally regulated,then it would help mass adoption.
March 22, 2018, 04:57:32 PM
need time. because many people are still not adapted to simple technologies. there are still so many people that can not use even online banking or debit cards. it is hard to expect them to use cryptocurrencies. they need time...
The high volatility is the reason why bitcoins is yet ti be adopted by the masses. Its th reason why retailers haven't started to accept Bitcoins as a method of payment this far and when they do, more and more people will start to use bitcoins for their purchases. March 22, 2018, 04:47:38 PM
Lower transaction fee will help. Lower volatility and fluctuation. Also, I surely know that if bitcoin were to be transacted off line and without internet connection, it would have since widely adopted 
Lower volatility and price fluctuations subsiding will definitely help but here we have an obvious vicious circle. Bitcoin and other cryptocurrencies are volatile because there is no real support in the commercial sector, which should be straightforward. But the latter doesn't support Bitcoin because it is too volatile. And to break out we need more people wanting to spend bitcoins in real life. This is the root cause - lack of spending attitude - which gives rise to these self-sustaining feedback loops.
March 21, 2018, 05:45:26 PM
need time. because many people are still not adapted to simple technologies. there are still so many people that can not use even online banking or debit cards. it is hard to expect them to use cryptocurrencies. they need time...
March 21, 2018, 05:38:03 PM
We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
https://github.com/quantum1net/Documents
Other than that, what do you think?
I think that cryptocurrency will be fully accepted if government will stop on stealing money from different people because you can always view the transactions of different people in their wallet and that's one of the reason why government does not want a cashless country.
March 21, 2018, 05:12:31 PM
I think that people belief is what we need for a mass adoption. No matter how good cryptocurrencies can be, it can not be accepted if people do not believe in it. The more I use bitcoin, the more I know about the cryptocurrency and I believe that cryptocurrencies are made for good purposes. All we need right now is that other people have the same thought like I do
March 21, 2018, 04:06:46 PM
Lower transaction fee will help. Lower volatility and fluctuation. Also, I surely know that if bitcoin were to be transacted off line and without internet connection, it would have since widely adopted
March 21, 2018, 03:42:48 PM
We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
https://github.com/quantum1net/Documents
Other than that, what do you think?
I think these factors are important but they are nowhere near enough nor they are the primary factors leading to and required for mass adoption. Before anything else, crypto holders should be willing to spend their coins for goods and services. So far people have been using crypto mostly for speculation, if not to say primarily for speculation. No merchant will use a cryptocurrency unless and until there are buyers who are ready to actually spend it on their merchandise.
March 21, 2018, 02:59:52 PM
What is needed is more regulation, too much scam, pump and dump schemes, unrealistic promises. Once regulations are in place that will protect investors, cryptos will be much more mainstream.
The downside of this is fewer returns.
The downside of this is fewer returns.
March 21, 2018, 02:57:51 PM
I think we need advertisement across the globe and mainstream media for BTC to proliferate and be adopted by the public. All of bitcoin's features should be spread by the media and not just the negativities and rumors. The technology behind and how it works should be understood first before the public place its trusts.
March 21, 2018, 01:03:25 PM
I believe crypto currencies will be mass adopted only if they become accepted as legal tender in exchange of so many goods and services. Despite the convenience crypto currencies depict to users, well known services providers such as McDonald's, Airline companies, Online trading platforms and so on can massively push the agenda of decentralization through acceptance of crypto currencies for their goods and services.
March 21, 2018, 12:47:32 PM
We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
To be more stable and more popular cause nowadays most of people don't even know about this world and big movement which they had on market make them impossible to be introduced in stores.https://github.com/quantum1net/Documents
Other than that, what do you think?
March 21, 2018, 12:37:34 PM
We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
To be more stable and more popular cause nowadays most of people don't even know about this world and big movement which they had on market make them impossible to be introduced in stores. https://github.com/quantum1net/Documents
Other than that, what do you think?
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