Topic: What does the cryptocurrency industry need? - page 2. (Read 1837 times)
They need a good investor and good management and also loyal promoter so that the cryptocurrency will more successful and fast growing.
Well, that's right. we do not have to think hard about a suitable industry later for this crypto. because it will be so many choices for us to be able to do development in the world of crypto. the most important support from all parties to the use of crypto in all countries. if it has been achieved, then do not be surprised if there is an industry popping up with crypto technology. imagine we pay with etherium as we use public toilets. it must be very cool.
I think the acceptance of the governments and local banks would be a great milestone for cryptocurrency. Because more people will gain trust over it and more and more merchant are going to accept it.
the need for bitcoin may be more media attention and more merchant acceptance, who will use it if no one will accept it as payment? Local exchanges will also help grow bitcoin. It also requires more developers to get behind it and really help its growth.bitcoins across the country.
More protection. We can lose our money and there is nothing we could do.
So more protection on many levels.
So more protection on many levels.
I think volatility is not the problem. The current system is.And the current system like the control, which is not so bad, but still.
We can not expect from world to stay the same for eternity, we are constantly changing, so let's change the financial sector.
We can not expect from world to stay the same for eternity, we are constantly changing, so let's change the financial sector.
Probably one of the biggest problems of bitcoin is the volatility of the price and unfortunately I dont think this can be solved until all of the bitcoin will be mined, probably even then it is going to be hard because prople always buy and sell at a different price so it changes regularly. Why is this a big problem? Because for example if you own a shop and you sell products worth of 10000$ in bitcoin. Lets say 1 bitcoin costs 10.000$ at the moment people have buyed your products. On the end of the month/year you have to exchange that bitcoin into cash because cash is better but the price of 1 bitcoin fallen to 8000$ so your profit is going down with 2000$. Of course the price of one bitcoin could go up to 12.000$ and you have a bigger profit with 2000$ but the risk to to big and most of the shops dont want to assume this.
So I was in my car earlier, daydreaming as normal thinking about the crypto industry and how fast it is moving, how its user base in general is growing and the new and upcoming technologies are hard to keep a track of. So I wanted to create this thread for us all to share our wildest innovations and ideas because I thought it would be an interesting read for many, im quite new to the industry as a whole and want to understand both the scope of it over the period over the next few decades, what is possible? Where is this all going? Whats your wildest most imaginative idea on what this industry is capable of? What do you think needs to improve? How can it be improved? What problems do you see that need to be solved?
Excited to hear your responses
Excited to hear your responses
Main it needs to have it integrated to make easy purchases and easy payments. Faster and cheaper (much cheaper). Give the people that and you are king!
Not sure if many people will be on the same side as me on this, but in my opinion crypto currency needs a stable value. Of course BTC/ETH/alts all have their important uses at the present time but paying for things with an asset that can be worth 5% more or less in minutes just isn't viable.
The idea of investing in crypto is mind boggling when you really think about it. Everyone screams we need a decentralized currency but a HUGE % of those people are just invested in ___coin & want to see its value rise so they can cash out back to fiat. I'm holding BTC not because I believe in it taking over fiat, but because I believe it will continue making me money.
What we really need is a coin anyone can easily buy, has a static price to only be adjusted for inflation by some sort of distributed consensus, and of course it needs to be easily accessible/understandable to non technical person - it needs to be as easy as setting up a phone service account with AT&T and paying the bill.
I'm sure there's probably some alt coin that accomplishes some if not all of that, i haven't seen it yet.
The idea of investing in crypto is mind boggling when you really think about it. Everyone screams we need a decentralized currency but a HUGE % of those people are just invested in ___coin & want to see its value rise so they can cash out back to fiat. I'm holding BTC not because I believe in it taking over fiat, but because I believe it will continue making me money.
What we really need is a coin anyone can easily buy, has a static price to only be adjusted for inflation by some sort of distributed consensus, and of course it needs to be easily accessible/understandable to non technical person - it needs to be as easy as setting up a phone service account with AT&T and paying the bill.
I'm sure there's probably some alt coin that accomplishes some if not all of that, i haven't seen it yet.
i think cryptocurrency the most need regulation in every Country, you look rightnow there is so much Country that banning Crypto, i dont know the reason but so much Country to that, and i hope situation like this will get better and better so Cryptocurrency will booming in the world and every country.
The simple fact that this industry is decentralized makes it VITAL for our society. For far too long corruption has ruined us.
Everyone around here wants a regulation free environment. That is why many people moved to crypto as a safe haven for storing their life savings. Further growth of this space will be hampered should the news of regulations comes more frequently. So what do we need? Financial freedom. That's what.
Some kind of community regulations on ICOS and shitcoins .Exchanges should not allow shitcoins are dogey ICO are there platforms
At first, the main idea of bitcoin was technology that will make people free from regulations and taxes of States. Will remove corruption and make our lives more authorized. But it takes time.
So I was in my car earlier, daydreaming as normal
You are lucky to be alive, I hope you wasn't driving 
I think that dreaming about how we want to be cryptoland is a good thing
this wolrd lacks of imagination and creativity and cryptocurrencies in acertain way try to shift economy from a centralized monopoly to an abundant and decentralized system in which people participate together sharing welfare and carry the world of fiat money to a big upload.
I imagine people more indipendent and responsable of their money
I imagine people working a lot on their own conflicts and frustrations resolving problems instead of complaining about them
I imagine veterans helping newbies to set up their own bank
I imagine people empowering and sharing their knowledge for free
I imagine...
These are the cores that crypto industry needs, a part, of course, good devs that do not participate in stupid copy and paste coin creations...
we are far from the optimum but I am still confident we will suceed!
There are many things which come to my mind:
1. A cryptocoin viable for daily spending. So something with low fees (eventually no fee at all!), fast confirmation time and wide acceptance.
2. A cryptocoin which is fully anonymous.
3. A decentralized exchange which works even for fiat deposit and withdrawals, with no limits, no verification and with complete privacy
4. A way to use cryptocoins offline, in the zones where there's no Internet.
5. Projects in any field. Right now there are lots of project about trading, exchanges, etc. but less in many important fields like agriculture, livestock, hosting providers, etc. Even porn industry, which is usually very ahead of time, has very few project based on the blockchain technology and very few adult websites which accept cryptocoins.
1. A cryptocoin viable for daily spending. So something with low fees (eventually no fee at all!), fast confirmation time and wide acceptance.
2. A cryptocoin which is fully anonymous.
3. A decentralized exchange which works even for fiat deposit and withdrawals, with no limits, no verification and with complete privacy
4. A way to use cryptocoins offline, in the zones where there's no Internet.
5. Projects in any field. Right now there are lots of project about trading, exchanges, etc. but less in many important fields like agriculture, livestock, hosting providers, etc. Even porn industry, which is usually very ahead of time, has very few project based on the blockchain technology and very few adult websites which accept cryptocoins.
We need to be more protected on exchanges. Bank insurances are not strange to us and we need some regulation like that.
Hacking exchanges and stealing so many millions in crypto must be low as possible. Exchanges are not taking serious steps to make it safe.
Even if exchanges take serious measures to protect our investment with cold storage or what not, why should I believe them. I want to be secure.
I guess everybody will pay for the insurance, but it is a must.
Some steps in this direction will be maid I'm sure.
Hacking exchanges and stealing so many millions in crypto must be low as possible. Exchanges are not taking serious steps to make it safe.
Even if exchanges take serious measures to protect our investment with cold storage or what not, why should I believe them. I want to be secure.
I guess everybody will pay for the insurance, but it is a must.
Some steps in this direction will be maid I'm sure.
Yes, we need to be protected. It's a constant fear that exchanges are not safe.
One's insurance steps in we will be safer than ever.
We need to be more protected on exchanges. Bank insurances are not strange to us and we need some regulation like that.
Hacking exchanges and stealing so many millions in crypto must be low as possible. Exchanges are not taking serious steps to make it safe.
Even if exchanges take serious measures to protect our investment with cold storage or what not, why should I believe them. I want to be secure.
I guess everybody will pay for the insurance, but it is a must.
Some steps in this direction will be maid I'm sure.
Hacking exchanges and stealing so many millions in crypto must be low as possible. Exchanges are not taking serious steps to make it safe.
Even if exchanges take serious measures to protect our investment with cold storage or what not, why should I believe them. I want to be secure.
I guess everybody will pay for the insurance, but it is a must.
Some steps in this direction will be maid I'm sure.
cryptocurrency industry needs time. after a while governments will give up and stop trying to forbid crypto markets. They will accept that blockchain based currencies as an alternative to modern banking system sooner or later.
we just need some time to get a stable market, high and effective security to make exchanges hackproof and some common sense in people to avoid scam and Ponzi schemes.
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