Topic: What's stopping crypto from mass adoption? - page 3. (Read 741 times)
The answer is regulation, if regulation comes alive in crypto world we will see huge mass adoption all over the world but i think some coins will be affected, coins that are been built for decentralized purposes and privacy coins also
I would say that there are 2 areas that is somehow slowing down mass adoption. 1st one would be companies/big players in the market. I can't really blame them but they're not yet seeing the benefits that they can get by utilizing blockchain/crypto into their system. There are startups that are using crypto as a reward system in their payment platform which would open the public eye into knowing more about cryptocurrency as a whole.
Second one would be the Government, simple things like them banning it from their country may spark the curiosity of the people but of course, they can't contribute to adoption since they can't own one.
Second one would be the Government, simple things like them banning it from their country may spark the curiosity of the people but of course, they can't contribute to adoption since they can't own one.
India was proposing the ban of cryptocurrency and going against that may result to jail time. As for the companies, there are big ones like AT&T, Walmart, etc. that are already making its moves by making their own coin or accept crypto as one of their payment methods to millions of their customers. We just needed more of the key players to start using crypto and promote it, together with known people in the different areas.
I would say that there are 2 areas that is somehow slowing down mass adoption. 1st one would be companies/big players in the market. I can't really blame them but they're not yet seeing the benefits that they can get by utilizing blockchain/crypto into their system. There are startups that are using crypto as a reward system in their payment platform which would open the public eye into knowing more about cryptocurrency as a whole.
Second one would be the Government, simple things like them banning it from their country may spark the curiosity of the people but of course, they can't contribute to adoption since they can't own one.
Second one would be the Government, simple things like them banning it from their country may spark the curiosity of the people but of course, they can't contribute to adoption since they can't own one.
bitcoin and blockchain are complicated topics?
as we know that the crypto market is very volatile and the risk is always there. this is a real challenge. I mean, you have to be able to handle the challenges of crypto, if you can't master the market situation, you won't get good results. from this challenge you need to have a good strategy to avoid the risk.
as we know that the crypto market is very volatile and the risk is always there. this is a real challenge. I mean, you have to be able to handle the challenges of crypto, if you can't master the market situation, you won't get good results. from this challenge you need to have a good strategy to avoid the risk.
In my opinion, the strategy that could help people adopt blockchain technology and crypto trading would be making an effort to educate the masses about this technology. People will only adopt something that they have a full understanding of. Campaigns and advertising the technology on social media platforms where most people are participants would go a huge mile in helping the adoption of crypto.
Doing more advertising not only inside crypto related sites but also with other business related places will bring interest to it's viewers, afterwards it will also allow people to come inside and begin to learn things around this industry. Learning the deeper part of this market gives many people the chance to adopt and embrace crypto currency.
The main reason why cryptocurrency is not yet accepted worldwide is because of its volatility, businesses won't agreed on accepting payments that would decline in value in just a minute. Until crypto prices become stable that's the time mass adoption would happen.
In my opinion, the strategy that could help people adopt blockchain technology and crypto trading would be making an effort to educate the masses about this technology. People will only adopt something that they have a full understanding of. Campaigns and advertising the technology on social media platforms where most people are participants would go a huge mile in helping the adoption of crypto.
That will help people to now better, and they can learn more about crypto. But so far, I think we are lack of giving information about crypto in many countries, so many people still don't know the existence of the cryptocurrency itself. If there are many people who already involved in the crypto world can spread the news about crypto in out there, I think that will attract more people to involve and join with crypto itself. I am sure people now become smart about something new, and they will search from the other source.
The crypto space is not very noob friendly: bitcoin and blockchain are complex daunting topics; cryptocurrencies themselves are not very user-friendly; and the cryptocurrency space has gathered a bad reputation for being filled with scams. A small mistake sending coins from your wallet can cause you to lose your money and ruin your experience. So, while everyone has heard about blockchain and bitcoin, people are not only unsure how to get started, they are also faced with these high barriers to entry.
TokenTuber’s mission is to lower the barriers to entry to the cryptocurrency space so that mass adoption of cryptocurrencies can be achieved. On TokenTuber you can learn and educate yourself on everything you need within the crypto space. We will hold your hand and guide you on your journey in the crypto world. Not only that, you can also earn your first cryptocurrency and trade it with absolutely no cost.
We are looking for global partners to make this vision become reality! Feel free reach us via [email protected]
Link to our Website: https://www.tokentuber.com
*Whitepaper is available on our website!
TokenTuber’s mission is to lower the barriers to entry to the cryptocurrency space so that mass adoption of cryptocurrencies can be achieved. On TokenTuber you can learn and educate yourself on everything you need within the crypto space. We will hold your hand and guide you on your journey in the crypto world. Not only that, you can also earn your first cryptocurrency and trade it with absolutely no cost.
We are looking for global partners to make this vision become reality! Feel free reach us via [email protected]
Link to our Website: https://www.tokentuber.com
*Whitepaper is available on our website!
check this scenario:
Mr A owns a store where he sells groceries. B, is a customer. He comes in and purchases groceries worth $200. B wants to pay in Eth and Mr A agrees and he receives $200 worth of Eth as payment from B. 30 minutes later, that $200 worth of Eth is now valued at $175 based on current exchange pricing. In other words, Mr A, just made a loss in sales. Next time, he won't be too keen on receiving payments in Eth again.
Fix this volatility issue first and watch as adoption grows massively
As regards fixing the issue, there should be a mechanism that converts the Ethereum recieved by the store owner to stable coin immediately on receipt to avoid loss of value(based on store owner's preference). With that been said, the perpetual hack and fraud incidents in crypto is also a major displeasing factor why adoption stalls
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In my opinion, the strategy that could help people adopt blockchain technology and crypto trading would be making an effort to educate the masses about this technology. People will only adopt something that they have a full understanding of. Campaigns and advertising the technology on social media platforms where most people are participants would go a huge mile in helping the adoption of crypto.
Educating the masses will take a lot of efforts you're left with one option which is to make the masses interested into learning cryptocurrency if you are really trying to make people adopt the use of cryptocurrencies. However I do have different opinon, the only thing that stopping crypto from mass adoption is the lack of regulation. Although cryptocurrencies is all about freedom but old people tend to be afraid of something that are not officially recognized by the government or the country they resides in. 
Bringing crypto and all its activities to the common man or making the knowledge of crypto easily accessible by all and sundry; that's a nice concept and agrees with the saying that knowledge is power, therefore if majority of people will understand the idea of blockchain and cryptocurrency easily will lead to mass adoption. Also, on the other hand, I think in addition to making crypto related information easily accessible, it is worthy to make the blockchain scalable so that there will be faster transaction confirmation etc thereby challenging status quo; carrying out a transaction and waiting for long for confirmation isn't a good thing.
UX/UI
In my opinion, the strategy that could help people adopt blockchain technology and crypto trading would be making an effort to educate the masses about this technology. People will only adopt something that they have a full understanding of. Campaigns and advertising the technology on social media platforms where most people are participants would go a huge mile in helping the adoption of crypto.
Hey, whatever you’re up to with your project it sounds like a helping hand indeed! That’s what people need when entering the market.
The crypto space is not very noob friendly: bitcoin and blockchain are complex daunting topics; cryptocurrencies themselves are not very user-friendly; and the cryptocurrency space has gathered a bad reputation for being filled with scams. A small mistake sending coins from your wallet can cause you to lose your money and ruin your experience. So, while everyone has heard about blockchain and bitcoin, people are not only unsure how to get started, they are also faced with these high barriers to entry.
TokenTuber’s mission is to lower the barriers to entry to the cryptocurrency space so that mass adoption of cryptocurrencies can be achieved. On TokenTuber you can learn and educate yourself on everything you need within the crypto space. We will hold your hand and guide you on your journey in the crypto world. Not only that, you can also earn your first cryptocurrency and trade it with absolutely no cost.
We are looking for global partners (evangelists) to make this vision become reality! Feel free reach us via [email protected]
Link to our Website: https://www.tokentuber.com
*Whitepaper is available on our website!
TokenTuber’s mission is to lower the barriers to entry to the cryptocurrency space so that mass adoption of cryptocurrencies can be achieved. On TokenTuber you can learn and educate yourself on everything you need within the crypto space. We will hold your hand and guide you on your journey in the crypto world. Not only that, you can also earn your first cryptocurrency and trade it with absolutely no cost.
We are looking for global partners (evangelists) to make this vision become reality! Feel free reach us via [email protected]
Link to our Website: https://www.tokentuber.com
*Whitepaper is available on our website!
I agree that Cryptocurrency is not very noob friendly but there are a lot of developers that can make things easy for these newbies and noobs to fully understand how Cryptocurrency works, you don't need to study how to code to learn how to use Crypto.
Developers are trying to set up method tools and applications that will make things like you are just withdrawing cash from an ATM and you are sending funds like when you are sending cash using your credit card.
Soon we will have these options. By the way, I like your site it is indeed for newbies in Cryptos
Regulation. this is what really stopping cryptocurrency from being accepted by many nation and merchants.
Every country needs to protect their assets and income, with cryptocurrency they can't monitor taxes of many people.
Every country needs to protect their assets and income, with cryptocurrency they can't monitor taxes of many people.
I can't think of anything else than lack of trust from scam projects and scam ICO Projects, lack of trust and lack of regulation is whats stopping crypto from mass adoption, if scam projects can be dealt with then we will have more investors and money flowing into crypto
We definitely can't stop these scamming activities surround us. We did our part to hold them but how about the others? Are they doing good to stop them? It maybe not or they just let it happens with them. That is a really sad story, in fact, more of us never learn from it.What I'd like to say is that it is not only the scamming issues holds for crypto mass adoption but also because of the people's perceptions towards crypto. With all the negatives and bad news that they were heard is something giving them bad interpretation and doubts.
I agree that cryptocurrencies are still pretty difficult for newcomers, they need to understand how to create a wallet, how to store it in safe place, how to buy it and how to send it. But with upcoming custody services I believe that cryptocurrencies will become more adopted.
The mistake of sending coin to another wrong address is not even the problem now and I don't see it as what is urgent that needs to be address, the thing that is killing cryptocurrency is scammers, and that has nothing to do with knowledge or dictating one on it, the only way to avoid being scammed is to eliminate the scammers form the market, and that is what I feel we need to have our focus on, and if any company is really interested in sanitizing the cryptocurrency industry and making it a better place, there is need for them to look for solution to the scam and proffer it to the public. Most people that turned advanced in using cryptocurrency now were once a newbie also, and majority of them learnt the space on their own, but handling scammers is now the problem because even pro users of crypto fall for them.
I can't think of anything else than lack of trust from scam projects and scam ICO Projects, lack of trust and lack of regulation is whats stopping crypto from mass adoption, if scam projects can be dealt with then we will have more investors and money flowing into crypto
can we trust this platform ...?
because most for now many platforms that provide a promotion that is so interesting and seem to be able to help all the problems in the crypto world. but apparently they only want personal information from visitors to be sold by them. or sometimes they look for target visitors so that these targets can be met which will then bring benefits to the platform development team.
because most for now many platforms that provide a promotion that is so interesting and seem to be able to help all the problems in the crypto world. but apparently they only want personal information from visitors to be sold by them. or sometimes they look for target visitors so that these targets can be met which will then bring benefits to the platform development team.
Having too many scam project in crypto space, I am not too surprised about your worries, because you have every right to be worry about. To show you our sincererty what I can show you is our platform, you will see the information we collect limited to minimum (Email, username) and you will see that we don't seek direct gain from our users. We do not promote certain products or projects to be as objective as possible. and again we posted this OP not to have visitors to our website, we are looking for global partners to spread the world and hopefully reach a big audience to start the change. You can read details about our global partners program here : https://medium.com/tokentuber/tokentuber-global-partners-program-f5add991161b
That is good. When people became educated about crpyto they will easily learn and adopt about crypto world. Because the number reason of very slow mass adoption of crypto is lack of knowledge so they will easily believe about negative feedbacks and news about crypto. If they have enough knowledge nothing will stop their desire to invest and use crypto.
We are very glad to hear your positive feedback, hope you can join spread the word you can see the details about our Global partner program here https://medium.com/tokentuber/tokentuber-global-partners-program-f5add991161b.
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