What Does The CryptoWorld Needs Now?

The Sceptical Chymist

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Quote from: MicroGuy on May 17, 2015, 09:52:40 PM

Quote from: thebenjamincode on May 17, 2015, 07:41:08 AM

hi guys, please share your opinion on what are the things that the crypto world needs for it to be successful and well known

Solve this riddle for the answer:

Why would a person jump through hoops (ID verify, bank transfers, etc.) to buy bitcoin so he can make purchases at a limited number of places, while now needing to keep an accounting for the IRS, when he could have already purchased those same things with the debit card in his wallet, and without the additional burden of tax record keeping?

Lol, I can't get a good answer to this, and this is exactly the argument I have with btc. For me it's just unnecessary. It's interesting but you are absolutely right with what you wrote.

thebenjamincode

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Quote from: hellyeah on May 18, 2015, 06:39:12 AM

Mass adoption is what it needs, but as others stated above, people don't know about Bitcoin.

yeah i think you're right, bitcoin needs more popularity

jyakulis

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J

I think smart contracts so business can actually be conducted.

Education in developing countries. I don't think necessarily it is such a bad idea to develop a cryptocurrency of their own flavor in developing countries but if there is no mining support from the general populace then that's an issue.

RitzBitzz

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Quote from: QuestionAuthority on May 19, 2015, 09:38:05 AM

Users. It needs normal people using it. Not crazy anarchist/libertarian/end the fed nut jobs. They are here already and they are a very small group (example: the Free State Project started in 2001 and only needed 20k people to sign up. They haven't met their quota in 14 years of trying lol). Figure out a way for my neighbor to need/want to use Bitcoin when he runs down to Sears to buy a new lawnmower or a set of tires. Get fast food restaurants worldwide to give a discount for Bitcoin use. Get major oil companies to retrofit gas pumps to accept Bitcoin same as cash because credit cards sometimes cost more at the pump. Make people use it every day.

Yeah the only way bitcoin will be successful is if it is adopted by the common joe and that will only happen if everywhere accepts it.

tyz

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it needs useful and easy to use crypto currency applications which touch everyones life.

Darude Sandstorm

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Quote from: QuestionAuthority on May 19, 2015, 09:38:05 AM

Users. It needs normal people using it. Not crazy anarchist/libertarian/end the fed nut jobs. They are here already and they are a very small group (example: the Free State Project started in 2001 and only needed 20k people to sign up. They haven't met their quota in 14 years of trying lol). Figure out a way for my neighbor to need/want to use Bitcoin when he runs down to Sears to buy a new lawnmower or a set of tires. Get fast food restaurants worldwide to give a discount for Bitcoin use. Get major oil companies to retrofit gas pumps to accept Bitcoin same as cash because credit cards sometimes cost more at the pump. Make people use it every day.

I agree, but I think the big question is why would your neighbor use it as sears? I think it's probably going to be seen as sort of a geeky underground currency for the foreseeable future, though I hope some big real world stores accept it so we've at least got some place to spend it as it doesn't cost them anything to deal with it.

QuestionAuthority

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Users. It needs normal people using it. Not crazy anarchist/libertarian/end the fed nut jobs. They are here already and they are a very small group (example: the Free State Project started in 2001 and only needed 20k people to sign up. They haven't met their quota in 14 years of trying lol). Figure out a way for my neighbor to need/want to use Bitcoin when he runs down to Sears to buy a new lawnmower or a set of tires. Get fast food restaurants worldwide to give a discount for Bitcoin use. Get major oil companies to retrofit gas pumps to accept Bitcoin same as cash because credit cards sometimes cost more at the pump. Make people use it every day.

Slark

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Quote from: thebenjamincode on May 17, 2015, 07:41:08 AM

hi guys, please share your opinion on what are the things that the crypto world needs for it to be successful and well known

Time. We need to wait for our time. People are not ready for cryptocurrency right now and we need to develop network, fix problems, upgrade code and educate people about wonders of cryptocurrencies and how they are better than standard FIAT. Bitcoin with its volatility, confirmation times and unfortunate bad press is not good as global currency right now but in time we can change it.

crazyivan

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The biggest problem is this negative reputation of crypto world being linked to thieves and scammers.

Any service which would help increase transparency and trust for legit users would definitely help out a lot.

Stedsm

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While companies like Dell, Overstock, Apple, etc. are taking interest and many of them are already involved in the same, there is still lack of interest in people.

We need to find that what is the reason behind that, then we might be able to get it to mainstream.

trafficolaa

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we must raise the public awareness through social media or using different of channels to get notice about crypto currency, if we succeed to get mass adoption in coming years than crypto currency will be like normal fiat but it is more secure and fast payment method than, i think that kind of awareness can bring good result about crypto world.

Q7

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Less of these altcoins would be better. The more there is the more people get confused on which coin is better and eventually does nothing good in terms of helping bitcoin reputation. If only there is a way to block off these coins for good. I think we are talking about trust and the confidence we need to instill to tell people bitcoin is the alt currency.

Giggs

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The 'cryptoworld' or bitcoin only needs one thing now: adoption. Adoption by more people, more merchants and more industries. Once that happens bitcoin will have finally gone mainstream.

goregrind

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Quote from: Kakmakr on May 19, 2015, 04:47:33 AM

Countries will develop their own ripoff versions of the blockchain and Bitcoin as a currency will die. ^Mark my words^

They already have their own version of the blockchain and its not working.
The reason Bitcoin is working is because is decentralized, take that away and you've got fiat.

Kakmakr

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We need people to trust the technology and for developers and programmers to develop the other features, like Smart contracts.
The Blockchain has so much more to offer, and we just concentrate on the currency.
Countries will develop their own ripoff versions of the blockchain and Bitcoin as a currency will die. ^Mark my words^
There is no intellectual property rights on the blockchain technology, so it's a Free4All out there.

WhatTheGox

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Quote from: thebenjamincode on May 17, 2015, 07:41:08 AM

hi guys, please share your opinion on what are the things that the crypto world needs for it to be successful and well known

More useful services that work only for bitcoin and not fiat, like micro tipping or gambling platforms. Also things like open bazaar which imagine if it took off and became as big as ebay, bitcoin would become extremely handy and popular because of this.

Agestorzrxx

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A killer app as google for internet.
bitcoin can't be just coins, it should be applied in the other field.
but now no such app appeared.

randy8777

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Quote from: shulio on May 19, 2015, 03:29:58 AM

Quote from: twister on May 19, 2015, 02:36:00 AM

I think we need a way to stop the scams the most

It cant be stop because bitcoin is not regulated in most places. This means that we cant get goverment to help us stop the scams or the other things. The scams is done by bad individual and it does not make bitcoin bad .Some people though bitcoin is bad because many people use it for bad things

scams in general will never go away. scammers will always find ways to steal money or bitcoins. the only thing you can do about it is to research the people you do business with to reduce the chance of being scammed.

shulio

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Quote from: twister on May 19, 2015, 02:36:00 AM

I think we need a way to stop the scams the most

It cant be stop because bitcoin is not regulated in most places. This means that we cant get goverment to help us stop the scams or the other things. The scams is done by bad individual and it does not make bitcoin bad .Some people though bitcoin is bad because many people use it for bad things

twister

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I think we need a way to stop the scams the most, I don't know how it would be done but people need trusted exchanges/businesses etc that can be trusted so that they can use bitcoins to trade and earn more.

People don't like the idea of buying a crypto currency and just holding it, they want to do something with and right now there aren't too much options, I mean everyday I read people asking, where should they invest? And either they fall trap for so called Cloud mining companies, exchanges, or Ponzis.

Topic: What Does The CryptoWorld Needs Now? (Read 1872 times)