LOL, it is not about innovation, nor features. In the long term you need the masses. Monero had a great team and well that's it. Newcomers can do much better.
So much time passed but no broad acceptance... just think..
Current price is a great price to sell, which I did.
No hate intented, just being honest.
So much time passed but no broad acceptance... just think..
Current price is a great price to sell, which I did.
No hate intented, just being honest.
Mass acceptance would be nice, but if the devs wanted that they would have released an official gui. Obviously they dont want this. Until they do its fair to think of this project as being in beta. Its a little unfair to call it on not achieving mass acceptance before anyone has even tried to push for that. Some other amazing crypto currency that hasn't been invented yet but will be in the future also hasnt achieved mass acceptance yet, should we call it dead too?
I don't think this is strictly correct. The development of a GUI is on the road map, but it is much more necessary to make sure the mathematical fundamentals of Monero are sound. This is no easy task, and I would dare say that most cryptocurrency enthusiasts do not understand or are capable of understanding the mathematics involved in Monero (ring sigs, etc). The Monero development team is fairly small and most have other pursuits in addition to developing Monero. I would still classify it is a type of hobby (for traders, developers, enthusiasts)--until wider adoption happens in which developers who hold Monero can maybe live off their new found wealth and concentrate on Monero full time. This type of critical mass hasn't been achieved yet.
With the USD, the fed just prints them and distributes them. Its not really complicated. Cryptocurrencies on the other hand are a different type of beast, and require some very knowledgeable people to maintain and innovate on novel cryptocurrency platforms such as Monero.
Newcomers could possibly help, but the learning curve is rather steep for people who truly want to innovate and make the underlying mathematics bulletproof.
As far as mass acceptances goes: This probably won't happen for a long time. It hasn't even happened for Bitcoin really. Cryptocurrency needs an "iPhone/iPod" type of success to really reach mass appeal--furthermore, large amounts of people have to want it in the first place...which I don't think is a stage we are at either. A possible catalyst for wider acceptance would be a major world wide depression in which fiat fails dramatically...instead of the slow and inexorable failure we have seen in the past. Its possible governments may not let this happen (by forcing the working masses to bail out banks, fear mongering through regulation, etc) and will thus force cryptocurrencies underground, and there they may stay.
On the other hand, maybe its enough that a small amount of people can transact with digital cash? Do we really need mass appeal? Maybe its enough that we can choose to go our own way, and choose cryptocurrency as the means for payment and store of value even if we are a small cadre of people?
People > Governments.
Just right now many of the people are distracted with football and other crap our society considers "important".
Once people wake up when they can't buy food and pay their bills on a mass scale due to government abuse of the monetary system, watch the people lash back.
It won't matter what governments want in the end people will rule.
The U.S. is in its end stages just like Rome was before its empire collapsed.
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