Topic: Why isn't crypto going mainstream? - page 3. (Read 2127 times)

It is going mainstream definitely. These kind of things take a lot of time. The idea of current money system existed for way to many years for this to just be able to blow up that quickly.

I think one of the biggest hold-back is the mostly complicated withdraw to USD. If the withdraw to USD would be easier it would grow much fast IMHO.

media as main stream is contolled by huge players and those huge players are still cannot dominate the crypto, so they don't want to attrat public to BTC

i dont think its going not mainstream.

in austria you can buy bitcoin in public station.
also more markets accept BTC to buy stuff.

give the market more time and we will be happy

They refused to even talk.

I think most of the people think crypto is illegal and dangerous when they first hear about it. That's why  %90 of the people who know about crypto stay aways from it. Tho i don't think this will continue like this for years. All those big moneys will attract more people everyday. We will see crypto going mainstream in couple of years.

Lots of good points and I'm too lazy to use the quote function :/ so some reguritation of previous points.

This post is coming from someone who is entrenched in western(US) thinking, so not a global view at all.  But US folks are very used to easy/non-complicated buying.  We can't even change to the metric system, yet you want mass adoption that would require folks to think in terms of fractions (.0002 bitcoins per whatever).  Yes we have cents to fractionalize dollars, but how many people say "This costs 75c"?  More than likely, they will round up and say "This costs $1"

Also need to define what we want mass adoption to be.  Right now, the news articles are painting pictures of crypto being investments, not currency.  And our current adoption is towards that end (investments).  Why are you here?  To find a way to spend money without fiat, or to make money?

The main things I see that need to change for mass adoption as a currency is: (and doesn't need all, just most)

Stability.  Consumers and merchants don't want a currency that can depreciate/appreciate 25% in a day

Ease of Use.  I don't want to have to unlock my wallet, scan a code, wait 10 minutes for acceptance.  Culturally I am used to swipe, sign and done.   There is progress being made in this space (at least according to the shills )

   Related:  Clear winner for currency use (btc is common, but see Stability).  "Oh cr@p, this website only accepts xyz token?  Now I have to trade some btc, lose the network fees, download a new wallet, wait for all the transferring around, *then* buy whatever". I have hopes for the multiple debit card options that are being developed to help in this space, but the average consumer does not carry dollars, euros, pesos, all at once.

   Simplification.  Currently there are just too many coins/tokens available and having that many choices scares folks away from change.  How many search  engines are there?  How many do you use?  googling is a verb, binging is not

Killer app.  This may be different for everyone.  The reason I got into crypto was online poker.  Sites I played on accepted bitcoin, and withdrawal was faster/easier with btc compared to cc/paypal.  But we need something that makes transitioning to xxxcoin easier/as easy as cc/dollar.

Economical disaster.   What is the compelling reason for the masses to adopt cyrpto?  The dollar is stable (in decline, but stable).  Venezuela is an example of this.  Their currency sucks, so btc is becoming more prevalent there.

Consumer protection.  If someone hacks my bank and steals my money there, I am federally insured up to xxxxxx.  Someone gets my phone or hacks my wallet, I am out whatever my balance is there.

Crypto is most times not easy to use and most coins are so volatile that people won't take the risk to get some coins. There are a couple of stabilized-price coins and in my opinion the new coin CORION could be one of the first mainstream cryptocurrencies...

Interesting,  what is this problem Open Money is solving?  

Scaleability enough to tackle mainstream level loads?  

Ease of use,  simplicity and no technical knowledge required to get into,  mine and use?    

Simple and self explaining enough for a doofus to make transfers and deal with it without feeling they will screw up/loose money if they don't set a certain setting right they don't understand,  and isn't explained right where you set the setting?

Protection from loosing ALL their money essentially their entire bank account if the device their bank account wallet is on gets compromised in any way....
Said protection being handled under the hood and needing no technical knowledge other than having to remember a password?

Those are the main crypto problems I know of that need tackling,  any new crypto tech that aims on solving those issues and making Cryptocurrency more viable for mass adoption and use by the average joe moe and harry without them accidentally screwing themselves over too easily are what I'm interested in the most

Everything needs time. Here you are talking about a completely new form of currency and what makes currency, a currency is trust. Building people's trust in something is simply not easy. That is why so many people are still skeptical about cryptos. The underlying technology is tough to understand which also keep people at bay. Moreover, there is not much advertising effort. But with time that too will solve. We are stil in initial phass. Its not been even 10 years.

It is going mainstream. There are always conservative forces resisting a brand new technology.
People used to conventional fiat finds it difficult to understand.
And a population in the earth lives doing nothing but manipulating the fiat, and such people controls government and they are the one resisting the most.

if this can be done we might see more progress and maybe some commercials will make more people to invest with this currency, right now we are
still seeing more negative feedback regarding to this system more big names are showing around and giving their own opinion and even its a bad
publicity its bringing more interested people to check what bitcoin/crypto are.

as regulation gives with the details as legals and mechanism the use of altcoin should helps more people to work with the online transaction to counts with micro and nano payment with the nominals.

Well still too few people know about it. It is really surprising that a platform like this which worths billions is under advertised but i'm fine with it since this is a huge gate of money.

It seems to me the technology lay is still very blockchain to many people especially those who do not understand technology at all it will make them really do not understand, I'm also experiencing something like this

I thing crypto  will go  mainstream only after it will be convenient to buy with it in the  glossary store, without  knowing that you using  block chain technology, and without fear that  it can drop twice time in value in the next morning.

Well maybe because crypto is a very deep and kind of technical and not all people understands it but I think crypto is gaining popularity everyday its taking one step at a time maybe in a few years crypto will be mainstream just like the internet and all other innovative things.

has crypto solved any problem that cannot otherwise be solved?

Crypto is 1) still hard to understand for the average user, and hard to explain a quick and succinct manner, 2) the tech isnt user friendly yet. We need a company to make it simple for users from all ages and cultures. People have no idea how bluetooth/wifi/credit cards work, but they understand it enough to be able to use it on their day to day lives - crypto hasnt reached that stage yet.