I believe in security was the thing needed to be put in place and I choose security because insecurity was the cause of the dip happening in crypto market and it was the samething that attract the SEC and regulator. In addition,something also must be done to stop crypto exchange hack and scam issue.
There is nothing to be done about the hacks, bitcoin has never been hacked, it is the people the ones that do not take care of their coins and lose them as a result of that, people need to be more careful in the way they deal with their money and with their information online, but they don't do that they always rely that someone is going to save them and fix things but that is simply not true in bitcoin.
Topic: What do you believe is needed for crypto currencies to be mass adopted? - page 2. (Read 657 times)
March 21, 2018, 11:35:05 AM
March 20, 2018, 05:09:07 AM
For now bitcoin is just a volatile currency which will never lead to mass adoption. Not enough people are using it and there is not enough to go around in the world really like there is fiat. Like someone stated, bitcoin now is a high risk investment and the people who are in the market know this and that is why they are buying into it but not everyone wants to buy into a high risk investment.
March 20, 2018, 04:30:45 AM
Cryptocurrencies will never be a mainstream and mass adopted.
If you look at some analysis around 2 millions people in the world are using cryptocurrencies. Which is realy small percentage in overal number of angažiranja.
People like security and stabilitiy, like legal framework and protection of the governments. Everything that cryptocurrencies don't have and that is why they will never become mass but always stay just alternative to traditional fiat currencies and economic system.
If you look at some analysis around 2 millions people in the world are using cryptocurrencies. Which is realy small percentage in overal number of angažiranja.
People like security and stabilitiy, like legal framework and protection of the governments. Everything that cryptocurrencies don't have and that is why they will never become mass but always stay just alternative to traditional fiat currencies and economic system.
March 20, 2018, 04:25:55 AM
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?
Bitcoin needs to work as a currency that's what we really need not many people are going to put their money bitcoin if it is just a high risk investment, after all how many people are investing in those kind of products not many I suppose, but everyone needs to use currency from the richest man in the world to the poorest so until bitcoin is able to satisfy that condition then we cannot get mass adoption.https://github.com/quantum1net/Documents
Other than that, what do you think?
I do believe the awareness among common people like the advantages of decentralization and benefits of blockchain data management kind of improvements will definitely contribute to the future where more people will be adopting cryptocurrencies.
Yes, spreading out benefits of blockchain and its derivatives to common people will result in mass adoption. But, we cannot expect it to happen in short time. So, we must give it time so that people will understand the system. I do believe it is already happening in every part of the world. March 20, 2018, 03:12:43 AM
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?
Other than the aspects which are focusing on advancements of blockchain technologies, I do believe the awareness among common people like the advantages of decentralization and benefits of blockchain data management kind of improvements will definitely contribute to the future where more people will be adopting cryptocurrencies. https://github.com/quantum1net/Documents
Other than that, what do you think?
March 19, 2018, 10:18:57 AM
I believe in security was the thing needed to be put in place and I choose security because insecurity was the cause of the dip happening in crypto market and it was the samething that attract the SEC and regulator. In addition,something also must be done to stop crypto exchange hack and scam issue.
There is nothing to be done about the hacks, bitcoin has never been hacked, it is the people the ones that do not take care of their coins and lose them as a result of that, people need to be more careful in the way they deal with their money and with their information online, but they don't do that they always rely that someone is going to save them and fix things but that is simply not true in bitcoin. March 19, 2018, 06:24:28 AM
The cryptocurrencies just need an exposure in order to get mass adopted because the technology is already there and the possible solutions for the world's problem is there so there is no reason for them to get mass adopted so they just need an exposure to be known by the people that they are good type of currencies and possible the future of our currencies.
March 19, 2018, 05:47:59 AM
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?
Actually if these steps are implemented, it will become the most popular payment medium. Only that is required for mass adoption of bitcoins. I want to see bitcoins replacing PayPal and credit card payments in the coming years. If it is able to achieve that, no one can stop its value to rise to 1 million mark as well.
I got a news recently that PayPal is already going to increase its fees in April. Bitcoin developers should make good use of this and make the transaction fees lower for bitcoins. Everyone will then use bitcoins for transactions.
March 19, 2018, 02:39:37 AM
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?
Holding is one of the things needed for mass adoption! Many of us here used bitcoin as a stocks and not as a means of payment for goods and services. Bitcoin will be adopted by big financial institutions if it price is stable and that is why we need to create that stability by holding what we have and not sell them. When you sell you are contributing to the volatile that affect mass adoption.https://github.com/quantum1net/Documents
Other than that, what do you think?
Cryptocurrencies are not far from what the world need I must say. I feel the main essence anyway to be able to have a form of decentralized currency which we can all easily transact across the globe without any government clamping down on us and then having it done speedily without any delay. I guess we are heading there gradually as things are already getting better.
March 17, 2018, 05:56:50 PM
I believe in security was the thing needed to be put in place and I choose security because insecurity was the cause of the dip happening in crypto market and it was the samething that attract the SEC and regulator. In addition,something also must be done to stop crypto exchange hack and scam issue.
There is nothing to be done about the hacks, bitcoin has never been hacked, it is the people the ones that do not take care of their coins and lose them as a result of that, people need to be more careful in the way they deal with their money and with their information online, but they don't do that they always rely that someone is going to save them and fix things but that is simply not true in bitcoin. 
March 17, 2018, 03:38:29 AM
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?
Yes, I completely agree with your points. The higher amount of data transaction and speed are must along with lower power consumption and stronger security. Security is the major facility which every person looks for. Other than all this there must also be sound knowledge must be provided to the today's generation people about cryptocurrency and all other activities related to it so that they can understand and get the work to be done. Education should be soon started and spread all over the world.
March 17, 2018, 12:12:35 AM
Mass adopted as an asset or as a currency? If as asset then your goals is a go to. If the later, price control is a must. No business will accept cryptocurrencies if the value is so much volatile. There's so much risk for them.
March 16, 2018, 11:05:31 PM
I believe in security was the thing needed to be put in place and I choose security because insecurity was the cause of the dip happening in crypto market and it was the samething that attract the SEC and regulator. In addition,something also must be done to stop crypto exchange hack and scam issue.
March 16, 2018, 03:38:17 PM
Its a catch 22 situation.
With more adoption there may be more introduction of control and regulation
by governments and banks. With more usage banks will become more threatened
and so they will move to block fiat flowing in and out of crypto.
For the lovers if high value crypto more adoption is a must.
There is always some way out of those situations, right now we are in some sort of equilibrium with the banking industry but if that were to be lost then one side could destroy the other or at least damage it, bitcoin is very resistant it is very difficult to imagine something that could destroy it, however the economic system is very frail and at some point it will crash it doesn't matter if it happens tomorrow or in 50 years it will happen and when that occurs then they will be unable to block crypto.With more adoption there may be more introduction of control and regulation
by governments and banks. With more usage banks will become more threatened
and so they will move to block fiat flowing in and out of crypto.
For the lovers if high value crypto more adoption is a must.
March 16, 2018, 01:43:57 PM
A better understanding so that people would clearly understand how it works and somehow dismiss all the
negative issues, that seems to draw people out.
negative issues, that seems to draw people out.
I think that's the biggest issue for now. Many people still don't understand what are cryptocurrencies and why we even need them. Ordinary people don't have enough time or don't want to learn about how economy works in general. I'm not an expert but at least I understand basic terms such inflation which many people confuse with deflation or something else. Transaction fees became really low recently, however, it doesn't mean that we shouldn't work on other solutions.
March 16, 2018, 04:58:22 AM
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?
price stability is the most important factor as currency, so it will not be treated as product/commodity for investment
close to instant verification (not confirmation) by third party as a guarantor of transaction confirmation
easy to use apps/tools/gadgets adaptable to any crypto currency for non-technical users
March 16, 2018, 04:43:59 AM
Cryptocurrency needs a lot of solid and legal supporters to back it up entirely, maybe legitimate appeal that would make
governments and other oppositions to understand the positive outcome and solutions crypto is capable of offering and
delivering. A better understanding so that people would clearly understand how it works and somehow dismiss all the
negative issues, that seems to draw people out. Leser transactions fees and better security, with all the talk and incidence
of hacking in the net it's a sensitive and concerning issue for people investing in cryptocurrency.
governments and other oppositions to understand the positive outcome and solutions crypto is capable of offering and
delivering. A better understanding so that people would clearly understand how it works and somehow dismiss all the
negative issues, that seems to draw people out. Leser transactions fees and better security, with all the talk and incidence
of hacking in the net it's a sensitive and concerning issue for people investing in cryptocurrency.
March 16, 2018, 04:03:35 AM
Bitcoin will be mass adopted if the same government will fully support it. But at current situation, its not clear. But still, if there are more merchants will support in accepting bitcoin, I think it will make an impact. For example if there is a Merchant Association worldwide that will agree to support bitcoin and other cryptos then its easy to roll out it. There must be a template for that like in other financials so that accepting bitcoin template is uniformed.
I have no expectations from many of the governments but honestly, bitcoin does not really need them for its survival and progress. With the passage of time, it is becoming famous. More and more people are talking about it and the number of investors is also increasing. It is a beautiful creation that will be admired by the people who understand technology and the changes of the world. One day, the whole world will be enjoying bitcoin. March 16, 2018, 03:47:53 AM
it's hard to make a mass adoption of bitcoin and I think the most important thing is to provide a gradual and detailed understanding of bitcoin until they are absolutely convinced of the greatness of bitcoin as a decentralized virtual currency. and of course to be able to realize all it needs to be a support and policy provided by the government about freedom in doing crypto activities.
March 16, 2018, 03:12:53 AM
Bitcoin needs more flexibility and wider coverages, and with more social media promos. Bitcoin is here to stay and at that bitcoin will become the world first cryptocurrency and universally accepted digital currency for online payment. An assets and a great investment.
Bitcoin has the problem of high power consumption an no utility of the block chain other than bitcoin itself. That is something other currencies might leverage to their advantage.What we need for main adoption is the speed of transaction and every other thing will gradually fall in place. Mostly everyone is concentrating on just the holding aspect of cryptocurrency as an asset alone now and we still keep complaining about the volatility.
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