Why has crypto failed to break through still? - page 4.

iv4n

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Quote from: adzino on October 23, 2020, 12:10:32 PM

Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Don't you think it is still too early for crypto currencies to take over? I mean the crypto currencies we currently have are far from perfect. Not to mention, do you really think decentralized financial system is going to bring us more good than harm? I get it people want freedom over their finances, but that is something which the government cannot give us. Not everyone will be using it for legal activities. Even if crypto currencies take over, those currencies are going to be the centralized ones.

Well governments across the world will not give up their control easily, with that part I agree! I agree that crypto is far from perfect too, but still it's much better than current fiat system! I believe that decentralized financial system will bring more good than harm!
It's too early for crypto to take over because many people are not aware of the crypto existence, and to not talk about how many people are not aware of what crypto can do! With time that will change, younger generations are taking over, and they are more open to technology! It's a fact, and changes are visible in some part of the world already.

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Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Don't you think it is still too early for crypto currencies to take over? I mean the crypto currencies we currently have are far from perfect. Not to mention, do you really think decentralized financial system is going to bring us more good than harm? I get it people want freedom over their finances, but that is something which the government cannot give us. Not everyone will be using it for legal activities. Even if crypto currencies take over, those currencies are going to be the centralized ones.

eaLiTy

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Quote from: fiulpro on October 22, 2020, 12:28:18 PM

It took years for people to believe that earth revolved around sun and not the other way around.
It took decades for people to get used to the idea of science.

Everything in the solar system revolves including the sun and science changes with time as new studies comes in Wink

.

Quote from: fiulpro on October 22, 2020, 12:28:18 PM

Even though we are living in 2020 people still take time getting used to the idea, we have not yet Solved the problems of the real world.
Hunger
Poverty
Lack of electricity
Lack of education
Lack of employment etc...

Education will sort hunger and poverty, employment you need the complete support of a government to open up new jobs.

Quote from: fiulpro on October 22, 2020, 12:28:18 PM

If since 2009 ,this forum was built to an extent that it hangs every once in a while due to overcrowding. I believe we have somehow succeed to grab the attention. There are millions of users ! Literally, millions !

Server issues can be a reason for hanging Wink

and i doubt this forum has hundred thousand users logging in simultaneously at a time ever. Most of these accounts are dormant and mostly created by bots and many of the people i know from the cryptocurrency space are not even in the forum and the once that registered are not active, so this is not a benchmark.

Quote from: fiulpro on October 22, 2020, 12:28:18 PM

Right now only the restrictions by the government is holding the cryptocurrencies back.

We have seen billions invested by financial fund houses inBTCitcoin and the government is not holding back anything. There are countries that banned the cryptocurrency space but anyone who wanted to invest have all the options available including decentralized P2P markets.

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Quote from: exstasie on October 21, 2020, 10:28:08 PM

Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?

Because it's only been about a decade. Roll Eyes

Many have lost patience with Bitcoin's supposed failure to "make a dent" over the years......they sold under $10, under $100, under $1K, and so on. Markets are all about patient investors taking money away from impatient investors!

Quote from: stoat on October 21, 2020, 08:08:09 AM

Are we as a community too scared to challenge the status quo?

No. We're voting with our money. That's just about the most powerful statement we can make about the status quo.

That's right. Bitcoin, if you will, is a joint project that is only a decade old and has achieved a lot in this period. It's so easy to forget, but if you look at 2010 and 2020, Bitcoin and crypto have achieved a lot. Since it is a community root project, everything takes a little longer because it cannot be centrally controlled and commanded like a fiat currency. The seeds for Bitcoin and co have been sown and I am convinced that the harvest will come in this decade. Just be patient!

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Quote from: Yamifoud on October 23, 2020, 08:37:30 AM

The government controls the FIAT printing process but they don't have such a thing to crypto. That makes a huge difference and I don't think we need to complain about it or otherwise, we want crypto to be controlled in corrupt hands. I don't think it was a failure in crypto ends, instead of being happy why we keep that feature. They keep printing FIAT because that is the need of the community, are we expecting that they will stop doing it? Not for sure...

Better not to compared FIAT and crypto, likely they are different from each other.

Yes. Crypto does not really aim fully to replace fiat because that's too far to be possible but having crypto as a good alternative currency is already good enough. We cannot demand for the government to stop printing fiat because it's their obligation to provide fiat for the country's needs. And for that, crypto is not really a failure because people are starting to trust it and for sure use it in the coming months and years.

Yamifoud

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The government controls the FIAT printing process but they don't have such a thing to crypto. That makes a huge difference and I don't think we need to complain about it or otherwise, we want crypto to be controlled in corrupt hands. I don't think it was a failure in crypto ends, instead of being happy why we keep that feature. They keep printing FIAT because that is the need of the community, are we expecting that they will stop doing it? Not for sure...

Better not to compared FIAT and crypto, likely they are different from each other.

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Quote

Why are governments still in control of the money printing process?

Because money printing is like a tool to control the economy of the country.

Spaffin

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Quote from: Taskford on October 23, 2020, 08:15:33 AM

Quote from: acener on October 23, 2020, 01:27:16 AM

Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Failed to what?
Do you expect the crypto to really take over all the currency to be a single currency that would be used all over the world?
Aren't we too old to keep on dreaming that way I think we need to finally wake up and face reality that it is still too far from happening in this generation.

When I read this kind of assumption I always get annoyed for those kind of word given since IMO this will impossible to happen since crypto in the first place is not been supported and I'm sure the government is the number 1 enemy if we talk about replacement. As you said we need to face the reality and don't expect to much about it, Bitcoin and cryptocurrency most likely will be treated as digital assets which is not as strong as physical money.

I think it is worth recognizing the fact that today national currencies are very much depreciated and due to the fact that they are always subject to inflation, there will never be stability in the economy due to fiat currencies. Nevertheless, cryptocurrencies in many countries are already recognized as valuable assets and they are gradually winning the market and the sympathy of society, not only among ordinary people, but also among large investors, and as a fact confirming this, this is a large-scale migration of constitutional capital to the cryptocurrency market. In addition, the leap forward in large-scale adoption of cryptocurrencies for everyday use that we all expected is compounded by the recent market crash in 2018. Today, many investors are wary of investing in cryptocurrencies, but this process has become much more active compared to last year 2019.

Taskford

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Quote from: acener on October 23, 2020, 01:27:16 AM

Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Failed to what?
Do you expect the crypto to really take over all the currency to be a single currency that would be used all over the world?
Aren't we too old to keep on dreaming that way I think we need to finally wake up and face reality that it is still too far from happening in this generation.

When I read this kind of assumption I always get annoyed for those kind of word given since IMO this will impossible to happen since crypto in the first place is not been supported and I'm sure the government is the number 1 enemy if we talk about replacement. As you said we need to face the reality and don't expect to much about it, Bitcoin and cryptocurrency most likely will be treated as digital assets which is not as strong as physical money.

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Quote from: meanwords on October 23, 2020, 01:13:02 AM

Because Bitcoin is just not feasible to be used in your daily transaction. I don't know about you but the majority of people wouldn't use Bitcoin to buy an apple because of the fees and internet connection is one of the problems of the world. Internet is not free, not everyone can afford fast internet connection and not everyone have access to Bitcoin. It's just not feasible for Bitcoin to be used. Not to mention Bitcoin is so volatile, some just aren't risk takers.

Of course you can't generalize something like that.
The use case of bitcoin specifically or any othe crypto in our real world has been quite complex issue for a couple years now .. well that's okay we are just entering the very first step of adoption , you cant jump up to expect bitcoin accepted everywhere in our traditional market, no you can't do that in a single finger snap.

There's a huge blueprint and we are doing well so far , especially with paypal turn 180° supporting bitcoin after few years ago raging its user who transferred money into crypto related merchants, banning them now they are close to joij the force. We are in the right direction. Early adopter will get the huge benefit because of this, so stay calm.

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Every new innovation has to follow through some certain stages before it full stage. I think crypto at large are still in there early stage of adoption, also most people are still sceptical and careful about investing in crypto.

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Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Failed to what?
Do you expect the crypto to really take over all the currency to be a single currency that would be used all over the world?
Aren't we too old to keep on dreaming that way I think we need to finally wake up and face reality that it is still too far from happening in this generation.

meanwords

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Because Bitcoin is just not feasible to be used in your daily transaction. I don't know about you but the majority of people wouldn't use Bitcoin to buy an apple because of the fees and internet connection is one of the problems of the world. Internet is not free, not everyone can afford fast internet connection and not everyone have access to Bitcoin. It's just not feasible for Bitcoin to be used. Not to mention Bitcoin is so volatile, some just aren't risk takers.

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Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

The reason is because money continues to become our means of payment,

It is not because the community is too scared to challenge the government, it is just the community don't even have to. Also, bitcoin is still on its early stage, a few more years, the dent that you are asking for will happen.

wheelz1200

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Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

It hasn't failed to breakthrough its a new technology in its infancy. Computers didn't fail to break through in the 60s, people were just learning about them and feeling put its capabilities. New technological changes or shifts takes a long time to go mainstream. Be patient

tbterryboy

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Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

How exactly do you want it to happen, do you expect those who are in support of the cryptocurrency to go public against the government and start fighting them to stop printing money and stop making use of fiat? Huh

Because, I am not getting it. This is meant to be a slow process and steady, and with time we will grow a higher level than we are now.

So no rush, you can’t force it. Just be making use of cryptocurrency and do the little you can to introduce others , your friends and your families to it, and if they see it as a right thing to do, they will start making use of it.

fiulpro

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It took years for people to believe that earth revolved around sun and not the other way around.
It took decades for people to get used to the idea of science. Even though we are living in 2020 people still take time getting used to the idea, we have not yet Solved the problems of the real world.
Hunger
Poverty
Lack of electricity
Lack of education
Lack of employment etc...
If since 2009 ,this forum was built to an extent that it hangs every once in a while due to overcrowding. I believe we have somehow succeed to grab the attention. There are millions of users ! Literally, millions !
It hasn't been long but I do believe that it is working out great for the whole thing and in the future we will be able to get used to this more . Right now only the restrictions by the government is holding the cryptocurrencies back.

int03h

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Money printing has been the way governments have worked over the years to maintain a stable economy. They will continue to print money in the future. Cryptocurrency is in the process of asserting its favor and it is driving economic transformation. It is the people who will use the cryptocurrency and the government will have to fear this. Cryptocurrencies are very good at fighting inflation and reducing government oversight.

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Crypto is a hoax, calm down folks

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Quote from: stoat on October 21, 2020, 08:08:09 AM

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Because that is the way it has been for a very long time, people no longer remember why this was a bad idea and why the people at the time fought against this but the government imposed itself, you need to get this, most people do not have historic memory and despite clear examples all over history about fiat currencies always failing people do not really know this fact and they are happy with the status quo.

So until the day comes an economic crisis that topples down the world economy finally happens and people go through great suffering then most people will simply do not understand why bitcoin is such a great technology and why it will be critical if we are to move away from this flawed system.

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