What do you believe is needed for crypto currencies to be mass adopted? - page 3.

gamalzour

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Quote from: quantumcat on March 09, 2018, 10:58:52 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?

I don’t really know, but one thing I believe for sure is that cryptocurrency already has everything that will ever be needed by those who are interested. It’s not a must that everyone would get into Bitcoin, choices matters and there are people that do not like investment.

SixOfFive

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Quote from: quantumcat on March 09, 2018, 10:58:52 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?

For mass adoption, public awareness is must. Most of people either don't know about cryptocurrency or do not understand it or either afraid of entering it. Unless Knowledge is imparted and hesitation of not using is removed, crypto currency can't be mass adopted.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: quantumcat on March 09, 2018, 10:58:52 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?

I think the level of security is decent as it is and it's not holding people back from using BTC. Things that are holding them back are: volatility, low acceptance, uncertain future due to unclear government stance and other less important factors.
Same thing with power consumption. I haven't heard of a business owner or a private investor that would say "nope, I'm not going to use cryptos because the mining is using too much power!" Cheesy

vintages

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Quote from: South Park on March 09, 2018, 12:13:05 PM

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.

I don't think it will be possible for bitcoin to work as an offline currency if that's what you mean. But if you mean online currency then I concur and I believe its still serving that purpose because many people are using it to make payments online. And bitcoin is not that a high risking investment compares to many upcoming ICOs that has an uncertain future; this is because Bitcoin future is certain.

beverly788113

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Quote from: cizatext on March 09, 2018, 12:19:44 PM

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.

I think that's where bitcoin and other cryptocurrency types are headed. The annual growth rate of the cryptocurrency market has soared, so I think there needs to be management and insurance from the authorities to ensure the assets of investors in this market.

Swinging Phallus

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Quote from: ?? on ??

Quote from: quantumcat on March 10, 2018, 05:07:54 AM

Maybe schools should teach crypto Grin

School won't help that much if we're going for a really massive adoption in Bitcoin. I would learn Science and Physics in school but I wouldn't carry it in my future because it wasn't the line I was looking for. School could make the awareness but not the adoption itself. Maybe media should give it more attention without ruining it because of those FUDS.

I wasn't even taught anything about fiat currency in school, learned nothing about fractional reserve banking, taxes, or anything else for that matter. To be using a different currency for exchanging goods would require a massive paradigm shift. I think the only way we will see that is if it is adopted by regulation and governments as an official currency rather than an asset or if there were a collapse of the global economy.

Rath_

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Quote from: Dragon5 on March 15, 2018, 05:23:39 PM

Unfortunately, to many illegal deals are proceeding involving cryptocurrencies.

Don't be ridiculous. It is true that cryptocurrencies are used for illegal things but we have remember that fiat, gold and other valuable things are more common when it comes to doing anonymous, illegal payments.

Quote from: darkr on March 15, 2018, 06:31:24 AM

Knowledge always helps people making their right choice. You are right - if Bitcoin is taught in schools, more persons will understand how it is important.

Not necessarily, I doubt that every single student will understand the purpose of cryptocurrencies' existence. There are still many people who don't know what inflation and deflation is, even though it was taught in the school. Also, I met people who actually didn't see anything wrong with printing additional money. I'm terrified how people became so naive.

Dragon5

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Of course, secure and fast transactions will add appeal to all that cryptocurrency stuff. What's more, better reputation is needed for popularity. Unfortunately, to many illegal deals are proceeding involving cryptocurrencies.

sindikat

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Quote from: South Park on March 14, 2018, 01:34:21 PM

Quote from: aoluain on March 10, 2018, 01:33:40 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.

Where did you see the balance? Look closely at what's going on. The government say that they are considering the legalization of bitcoins but don't do anything. Bankers say that all cryptocurrencies are a bubble. Continuously stricter rules of exchange of cryptocurrency for Fiat. This means that there are active hostilities against the use of cryptocurrencies. How can you not see it?

k@suy

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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.

KennyPowers

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One of the things: If loyalty programs of large companies (like Starbucks) will go through blockchain tech and become tradable, this would mean instant mass adoption.

Kingofbitcoin12345

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Mass adaptation of cryptocurrency in the world is undeniably needs the support of the government.. That is hard to achieve at this time as it has no pressure from within the core of the society,, the people.. If a young government officials with the same sentiments and open-minded with new technology will emerge in 2020th generation then it will have a big impact to it as a whole..

darkr

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Quote from: quantumcat on March 10, 2018, 05:07:54 AM

Quote from: sserge009 on March 09, 2018, 06:33:10 PM

First of all people should understand crypto and accept it. it is difficult to come up with some additional tools, it remains only to wait for people to accept the very idea of money that does not depend on the state.

Maybe schools should teach crypto Grin

Knowledge always helps people making their right choice. You are right - if Bitcoin is taught in schools, more persons will understand how it is important.

South Park

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Quote from: aoluain on March 10, 2018, 01:33:40 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.

zhanyiguai261315

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Encrypted digital currency is accepted by the public, the first choice needs the government's support!

If the cryptocurrency becomes a public payment method, its value must follow the BTC. To solve cryptocurrency and BTC conversion!

suzanne5223

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Want top-notch marketing for your project, Hire me

There so many thing needed to be done for crypto currencies in other for it to be mass adopted but I will mention the few and most important.
Stuck and limit of crypto transaction per seconds was the reason why some site like amazon don't accept crypto as payment and I believe if the crypto can take thousands per second, low network fee and transaction don't stuck. I believe a lot of people will come in into the crypto business/world.

HarringtonStark

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Some companies are building their own cryptos and some are beginning to accept Bitcoin and Ethereum. I think as smartphones become more and more advanced and when implants become more common, that is when credit cards and cash significantly disappear and more people will consider cryptos due to it's simplicity and security advantage over fiat.

Hui8

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Quote from: quantumcat on March 09, 2018, 10:58:52 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?

We need very simple thing to run this business in greener way. That's : Investment and Faith of investors. If we have all these then I'm pretty sure nothing is impossible in the world of crypto currency to keep up the pace of bitcoin. Investment is needed to make the bitcoin develope more and more through the time and to have to valued higher than the other currencies. Obviously to maintain this customer base or investor base per say I believe we need faith on the bitcoin. This is because we don't want to loose them up during the worst phases of the bitcoins. We see them often so we don't wanna get its bad impression.

fiulpro

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Quote from: arpon11 on March 09, 2018, 11:31:08 AM

Quote from: quantumcat on March 09, 2018, 10:58:52 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.

I do think that it's more popular ... Due to it's volatile nature.. people invest in it because of huge gain that they can accumulate from it.. I don't think that it's.. anyways gonna be used as a currency because fiat system has it's own advantage..that.. are ... More than Bitcoins.

For Mass adoption I do think that what's important is.. ! Government ** regulation ** not ban !..

Direwolve735

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Quote from: quantumcat on March 09, 2018, 10:58:52 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 more quality publicity. Very many people, especially in developing countries, have never heard of Bitcoin at all. And if they did, they do not understand what kind of phenomenon it is. Therefore Bitcoin also needs a correct interpretation. Information about crypto currency must be presented clearly and as simply as possible. And it is also necessary to emphasize the positive consequences of using cryptos both for each individual and for society as a whole. When people see exactly what they can benefit from this or that project, they begin to be interested in it.

Topic: What do you believe is needed for crypto currencies to be mass adopted? - page 3. (Read 614 times)