Bitcoin Forum

It seems to me that the main factor within the crypto-community driving investment and interest, is what a coin does better than the last coin, or what the coin does that no coin has done before.

Does no-one think that simplicity to use and understand would be a better direction to be heading in, than continuing to make crypto-currencies more complicated. I understand that a lot of development is going into forming frameworks and foundations and innovative blockchain technology for use in business, improving anonymity and such, but if we are to reach going mainstream, wouldn't the average person be attracted to a simple currency, easy to use and understand, over something complicated and pretty useless for 'their' everyday use.

Should Developers be concentrating on getting things to basic user level, or continue striving to impress their peers and the crypto-community for a short lived hype?

Crypto people dont care about anything, they are just here for money, whatever makes them money is good to them

Personally i think we need to solve Bitcoin's problems like fungibility, block size etc.  We still have not perfected a global digital reserve currency. Only one altcoin i follow is trying to achieve this. But people are more interested in throwing money in 2.0 hype

I concur that making these technologies easy and accessible to the masses should be a priority.  

It's currently a very overlooked requirement and no crypto will achieve anything like mass market, no matter how good the underlying tech, marketing or spin without an easy to use client for Joe and his grandma.

Its not easy to do that though and it doesn't just come down to a easy to use client GUI, the infrastructure has to be easy too.  It's far from easy to get in and out of crypto, and there is no incentive for the average person to use it that makes sense, what the banks have given them is more convenient that what crypto has to offer.

I think that is part of the reason why many crypto projects are moving away from a mass-market goal and partnering up with corps and banks, it's much easier to dance with the devil you know and it will result in a quicker ROI for the efforts already put in.

I'm committed to the penetration of mass market and I've considered ease of use heavily in the design along with infrastructure requirements and everything else in between.  Hopefully eMunie can lead the way when its finally out the door :)

At the end i think innovation must win!
But if we have better coin then btc, what chance to pick it instead of btc?

I agree, bitcoin needs to definitely overcome the problems it is having before we can think about moving forward. I see bitcoin as the gateway to any alt currency achieving anything outside our geeky community, and if bitcoin were to fail it would be a long time before anyone could put their trust into crypto's again.


I feel we are near to saturation of investment into bitcoin and alts, and if things don't get simpler we may see a significant U-turn in progress taking marketcap on bitcoin and alts back years behind where we are now. Bitcoin is beginning to struggle with upheaval in the core development team, and it has failed to attract the attention of the everyday user. There are only so many tech's, geeks and nerds out there who would take interest, and eventually there comes a point when we reach critical mass and there is no new money coming in.

Although bitcoin is simple enough, there is still block size issues and confirmation times, I think currencies like eMunie are the way forward, and I would like to see more development of these type of coins, as we are just passing the buck to each other at every new release and hype, and those who have not wised up yet within the CryptoWorld, continue to carry on feeding the wallets of devs of over developed coins which will play no part in the final solution of a global digital monetary system.

+1 billion to the OP.

i've been screaming this for years.

well deep down, we all know most the 'innovation' in this community is 'innovation' for innovation's sake simply to market (pump) a crypto.
 
tbh some may have the best intentions with their innovation, however, its for in reality 0.00001% of real world users at the expense of making it too complicated for the rest.

so summary of potential pages i could write on this; show me simplification and that's the real innovation i'll sit up and listen too.

I totally agree with you,we need to first address bitcoin's issue before dwelling on other crypto currency,but we here in the community cannot take our eyes on some promising coins that could possibly the next bitcoin,every body wants to have a feeling of being one of the pioneers like what happen to the early holders of bitcoins

I may be a bit biased as I have supported this coin since near to launch back in 2013. But I don't know of a simpler coin to get started, with so much potential, less than 1M in circulation and only 25 cents each.

http://coinmarketcap.com/currencies/cryptogenic-bullion/#markets

Although it may have a pretty complex and unique algorithm, PoSP (Proof of Stake Participation) http://cryptobullion.io/white-paper/ CBX is one of the most simplest coins to get involved in.

The annual growth on supply is set at 2% per annum, but those which stake their CBX can earn a much greater return depending on the total number of coins staking across the network.

Currently stakers are seeing an 11.2% interest rate on their investment, while the network interest remains at a healthy 2%.

https://bitcointalk.org/index.php?topic=951753.0

Crypto Bullion also jumped from $250K market cap to a $28 Million market cap and back again 48 hours ago because someone bought up all the market http://coinmarketcap.com/currencies/cryptogenic-bullion/#charts this happened because there is such a small supply of coins on the market. This goes to show that if enough people were to get involved in investing in CBX, demand would greatly outweigh supply and the sky would truly be the limit on the value of this unique asset.

Innovation is good but is misunderstood

Simplicity is something that never gets old, but it keeps getting overlooked or undersold

If something is too complex to serve, it won't get the attention it deserves

I'm more for innovation, always will have better price than some practical things.