Bitcoin Forum

So I was in my car earlier, daydreaming as normal thinking about the crypto industry and how fast it is moving, how its user base in general is growing and the new and upcoming technologies are hard to keep a track of. So I wanted to create this thread for us all to share our wildest innovations and ideas because I thought it would be an interesting read for many, im quite new to the industry as a whole and want to understand both the scope of it over the period over the next few decades, what is possible? Where is this all going? Whats your wildest most imaginative idea on what this industry is capable of? What do you think needs to improve? How can it be improved? What problems do you see that need to be solved?

Excited to hear your responses  :)

Lol, nice to see such passion for crypto--but you might want to be careful where you're doing such daydreaming. 

Merchant acceptance is one thing crypto needs.  Mainstream acceptance.  Lower fees, shorter confirmation times.  All of this is for bitcoin, of course.  Other cryptos need the acceptance part of it.  More integrity among the users, as this crazy crypto world is full of shitbag scammers and other knaves.  That's about all I can think of.  Glad to see this passion--this is why crypto isn't going to die anytime soon.  The younger generation will carry the whole thing forward.

I guess all it needs is just time. More and more people will learn about it and hopefully understand it. Bitcoin is not very easy to understand.
I tried to explain to my parents what a private and public key and that they secure everything. That is not that easy as it seems :D
But Bitcoin and Co. offer many nice benefits and I hope more and more ideas are going to evolve around it to make a lot of things easier for people :)

Teach the people and let them understand. Show them the benefits and this might already help :)

Thank you, im obsessed! Okay, do you think that this is something that SegWit2x will help with, things like the lower fee's and shorter confirmation times, if the block sizes are made larger? Can we expect to see large short term user increase if this is pulled off correctly?

Haha! Ive been in that scenario myself, hey at least you got as far as the explanation of keys. Cool so its mainly towards increasing simplicity and usership amongst individuals and businesses, that makes sense.

most people will cry "user adoption" but thats the single low level greedy reply from those that only care about price spikes so they can jump out and run back to fiat

whats actually needed and in this order is
1. get the damned devs to either put their ego's aside.. or to make nodes adaptive to not rely on devs as much
     - this will allow the network to grow, be more free to grow and be innovative again
2. increase innovation
    - this includes tx/s increases and lower fee's via new transaction/fee priority formulae's
    - stop with the bidding war/fee war
3. consulting/local meetups/conferences
    - get local knowledge growth and help organise business innovation/adoption
4. merchant adoption
    - increase usefulness
then and only then
5. ATM's and local exchanges


the reason 'user adoption should come last. is because without business/innovation, bitcoin just becomes a gimmick and people only use it to speculate price and then run back to fiat

What Bitcoin and cryptocurrency needs is honest people and devs that have as their top interest the development and steady growth of the technology.

The direction we should head to is build a robust foundation for Bitcoin to work for years to come and adapt to new users and developments towards ease of use...

Thanks for your response, your initial point definitely makes sense, havent thought about it that way before now. When you say making nodes more adaptive do you mean more accessible for individual users? Anyone can setup a BTC node but not many do I guess due to the lack of getting anything in return (and storage space in some cases).

(2) Definitely agree with this point, what exact innovation? How can this be accomplished? Will Segwit address these needs in your opinion? How do you think that the fee war can be addressed?

Thanks for the post, the perspective that you've given me makes chronological sense, really interesting. (Y)

What exact innovations do you think can contribute directly to adapting the network to make it more user friendly for newer users?

making nodes more adaptive
= nodes can set rules/change settings at runtime
things like
instead of needing to download a whole new client just to accept a new setting. the clients which people currently have can tweak settings and be able to accept certain things as patches.
EG download patches/ddl's rather than having to choose a 'brand' or starting a brand civil war
the reason i say this is the community becomes less dependant on a particular group of devs to make decisions on what is best and instead people can choose what they want. which then brings consensus back into the communities symbiotic relationship with each other, rather than a tier network and finger pointing civil war debates

innovation
lol segwit lol..pfft thats been overhyped to the extreme.
there are other innovations. its not just about transactions/block formations.. its about the GUI (front end user interface) hardware wallets. retailer Epos(cashier terminals) atms, next gen asics, even making payments via NFC smart watches rather than camera scanning QR codes or copy and pasting lengthy addresses

fee war can be addressed easily..
at the moment fee's for a 225byte tx cost the same if you spend it every block or only once a month. meaning it does not punish spammers that respend as soon as its confirmed.
EG if you pay above estimate fee you pretty much gonna get your transaction put through at the same block, no matter if the coin is only one confirm old 144confirms or 30,000 confirms.
if a group think LN is "the solution" then they feel that people doing onchain transactions more than once a day is bad/spam/unneeded and anyone who genuinely needs to use bitcoin often/multiple times a day can utilise side services like LN.
so we can make a fee priority formula that utilises coin age and also CLTV to reward people willing to only spend once a day and punish people that want to spend every ~10 minutes. that way those 'spammers' condition themselves to be less selfish because suddenly spending every time it confirms becomes more expensive(extremely) compared to someone who only spends once a day or less often

EG spend once a day using a lean 225-400byte tx only costs pennies. spend with just 1 confirm costs 144+ times more. and ontop of that the bloat of the tx also adds more costs.. thus it teaches people to be leaner and less spammy

Top things that bitcoin needs are probably more media attention and more merchant acceptance, who will use a cryptocurrency if zero to no people will accept it as payment? Local exchanges would also help grow bitcoin. It would also need more developers to get behind it and actually help it grow. All of this is happening slowly, without a lot of people's help. The future looks good for bitcoin

A lot of promotion from many companies to advertise and participate in using bitcoin or accepting bitcoin as a currency advertising bitcoin as a future currency that way bitvoin prgress of bitcoin will be fast and will be a maintream currency

IMO, it would be nice if the industry saw the rise of more coins that build on the Smart Contract principle of Ethereum. Makes the coin much more attractive for ICO's, etc; and adds a degree of flexibility that others don't have.

I think that most of the cryptocurrencies need adoption from different countries or people but before that it needs a lot of improvement like in bitcoin, it needs fork or upgrade so the network will become bigger so it can handle more volume of transaction and user and it also needs to improve its security because of the threat of quantum computers. After those solutions then it is easy for bitcoin to get demand from different people or country.

lol seems you just care about pump and dump profits. (ICO's are just pump and dumps!)

how about making innovative things USING smart contracts of existing coins. actually let these things grow. just inventing new coins or splitting coins is just for the greedy penny pinchers wanting to get 'money for nothing' befor running back to fiat.

All we need right now is a payment channel layer to allow for trillions of transactions per second so we can actually get everyone on the global economy without destroying the gold-like properties for bitcoin.

Im yet to see other blockchain applications that make sense. Some smart contracts are cool, but most of it is vaporware and lack substance. Lets get the money part right first.

pereira4 as always your posts are full of over advertised hopes and over promised things that you hope will happen but you always fail to dig a lil deeper at the bigger picture

LN is not the final solution and all-solving utopian feature.
dont get me wrong LN has its niche market and utility, but it should be thought of as a voluntary side service and not something everyone should be locking their hoards into permanently.

as for the "trillions" of transactions per second. lol you really need to dig a lil deeper, oh and spend less time on reddit, it doesnt seem to be helping your research/knowledge

we need adoption of more users not more speculators.
for now the speculator group is growing fast, people are just investing in bitcoin and see it purely as that. and with that you don't really need any innovation! they will continue investing in it and price will rise!

but when we get more people investing in bitcoin for it being a crypto currency that they can use, and they are willing to use as a currency that is when you can start thinking about next step. for that we first need a change in mentality of people then some merchant adoption and we will be on our way.

Cryptocurrencies specially bitcoins really needs an system upgrade and expansion i think because of old network codes and technology bitcoins face some problems right now and they need to resolve it i think before it will cause chaos

they need Merchant support.
Only Merchant accepted cryptocurrency, people will use cryptocurrency.

i think it is a little like the chicken or the egg dilemma!
people need to first want to spend cryptocurrencies and ask merchants to accept bitcoin so the merchants see the demand and do it.
and people sometimes need to see there is a usage for bitcoin, aka merchants are accepting it, to start thinking about spending bitcoin.

This industry is definitely growing, and growing fast. But we have many problems such as the scaling issue, massive mempools, huge transaction fees and large confirmation times. We need to get rid of these issues so that Bitcoin will be truly successful. Moreover, Bitcoin needs to achieve mainstream media attention. Only then will many people become aware of this revolutionary technology. When this happens, Bitcoin price will soar and that is great for the Bitcoin community.

Yes I think so.
That's why there's segwit2x to correct all the problems that currently facing of the block chain as well as the users.

I think we need some awareness to the public. What is bitcoin and how does it works.
In that case, they will be more curious and the adoption of many will not just be a daydream.

Bitcoin and other crypto currencies might take over the traditional currency system but won't be replacing them. Currently more people needs to know about bitcoin and be able to use them. More merchants should be accepting bitcoins. Bitcoins do have some flaws which needs to be fixed and the devs are actually working to fix those flaws.

Unlike traditional currency, determining the value of cryptocurrency and electronic cash is a bit tricky. Cryptocurrency needs people will be used it. How to manage the cryptocurrency if no one could distribute it. It is normal to fail in creating such cryptocurrency but sometimes it will be successful if you are determined and have a goal in life. That's all the things I can sight in the near future.

Re: Innovation, especially franky1's elaboration. I really think that Bitcoin as the first mover, was a really innovative idea in the first place but agree that it has been extremely slow to innovate on some features that would drastically increase usability. And yes, while technological updates such as Segwit may (and should) take its course in time and deliberation, like those mentioned (GUI hardware wallets, a simpler, more intuitive way to send and receive).

What little research has been done on the user base has shown that people who don't use crypto are intimidated by simple things like:
- how can I ever remember to keep my own address or private keys when I can't remember my 6-digit email password? Write it down somewhere? But my IT guy says I shouldn't write my passwords down!

In my opinion, the criptocurrency industry needs more security. In particular, there are still many cryptocurrency thefts and the attackers are not punished.

I am recently doing research and trying to understand ERC20 tokens and its functionality and how to exchange and I am in half way of understanding the transformation from crypto currency to crypto assets is really awesome.

What exact problems can you see other than the lack of nodes, cost and transaction congestion? Is it the old network nodes or a lack of nodes?

Can you give me an example of this? Are you sure you mean theft or are we more so talking about ICO releases that turn out to be scams? I think its pretty hard to steal VC providing its kept correctly.

What do you think it will take for Bitcoin to achieve mainstream media attention? Who will this come from? Businesses?

Yeah I agree, as we've seen over the past few months there has been a large increase in the number of "trader awareness" which has caused its pikes and dumps but not so much for the public. I think further usage from individuals in the public could lead to a more stable coin also.

At first it's need time, at second, it needs fork or upgrade so the network will become bigger so it can handle more volume of transaction.

I love when people don't understand what is bitcoin and advice me to stop using it because it is a be stuff. I thing he is going to say that I am a member of illuminati or something :p . god these people are hilarious they don't even read YouTube descriptions and asks for help blindly without even checking for answers themselves. although bitcoin has some number of disadvantages but e most important issue is the higher fees right now.

I know what you mean, however we live in a time where its very difficult for people to make decisions by themselves. As we know we are still at the early adoption stage of bitcoin and some people just need to be educated about the subject, to act as a selling point to a degree. Just giving them the main benefits of bitcoin will increase the likelihood of a successful introduction IMO.

Now there are many sites on which it is possible to order goods and services paying for them with bitcoins, it is very convenient, I use websites for ordering eco products, and so when buying railway tickets. In the future we plan to invest in real estate in ReCoin, this new currency that allows you to do this and it has already been approved by US law, waiting for the start of autumn. To improve the crypto industry requires only time and confidence from all users / investors.

It needs regulation. It needs standards. It needs adoption and access!

No doubt that all cryptocurrency industry will need time because in all forms of business and system it would need time and effort for it to be successful and have an development in terms of its system transaction, value and security that could make a hit in the market. Hence , a lot people need to know the real system of bitcoin in order for people to support it as a whole.

User base is indeed growing but still we are a small community. Still cryptos had to target a huge market. Cryptos are disrupting a huge market and it will take time to reach the targeted audience. What I feel is that there is lack of advertising effort. We as a community should work in that direction. We as hodler should increase awareness about cryptos in our locality.

I think We need more and more people in the cryptocurrency industry. There is less than 5% people in the who know about the bitcoin. Involvement of new peoples will be a great boost for the industry. And the next thing we need is --less rumours , and less scamers to build the trust .

What the cryptocurrency industry really needs are more Bitcoin ATMs.

bitcoin atm is not that much impact what does it needs are adoptions from big business and investors as long as the trend keeps like this just a hyped and news
that will influenced its movement bitcoin wont go anywhere to what we wanted to it in the future.

Right now the industry needs decentralized exchanges, so that people in countries like China would have no problems when trying to trade.

Decentralized peer to peer exchanges is the answer indeed. Bisq is a the best one out there IMO. They have been around for years and have a geat dev team and great community.

I wish there were more Bitcoin ATMs. It's part of the infrastructure that Bitcoin needs to grow even more and reach the masses.

As well as you I'm new in this world of BTC and it is interesting to consider those questions if I desire to enter into this ecosystem, I know that is a currency of momentaneous profits, I really do not think it will last long but if I want to get the most out of it. ???

I think crypto currency first need the support of the government because if they will adopt bitcoin and itroduce it to all people surely bitcoin will continue to grow, All innovations will go to nothing if the acceptability of bitcoin is still limited in other countries, then if time comes that it is now accepted the issue of volatity must be settled because if the demand will increase supply must follow.

I think you also need to learn the basics of economics. You can start with inflation and fungibility.

Bitcoin is already one of the safest things in the world to use as a means of storing value.

I agree all we need is people who use cryptocurrency to make it grow, and of course all the scamers are need to gone ;D, some of the scammers are the reason why some people don't believe in bitcoin, in my country everytime i share about cryptocurrency or about bitcoin some people do not believe in me, maybe because they are one of the victim of the scammer . :(

Acceptance is what is needed for bitcoin to truly grow and be able to become mainstream. This can only be caused if the world gets exposed even more to bitcoin, over the news or via the mouth.

After people know what bitcoin is, the next step would be to get the government involved, laws to be put in place and then merchants will begin accepting bitcoin as a payment option.

Education. If more people learn about how to buy and use safely and securely, and are somehow convinced to buy then them changing their FIAT into bitcoins has massive positive effects.

I guess all it needs is just time. More and more people will learn about it and hopefully understand it. Bitcoin is not very easy to understand. I tried to explain to my parents what a private and public key and that they secure everything What Bitcoin and cryptocurrency needs is honest people and devs that have as their top interest the development and steady growth of the technology.

we just need some time to get a stable market, high and effective security to make exchanges hackproof and some common sense in people to avoid scam and Ponzi schemes.

cryptocurrency industry needs time. after a while governments will give up and stop trying to forbid crypto markets. They will accept that blockchain based currencies as an alternative to modern banking system sooner or later.

We need to be more protected on exchanges. Bank insurances are not strange to us and we need some regulation like that.
Hacking exchanges and stealing so many millions in crypto must be low as possible. Exchanges are not taking serious steps to make it safe.
Even if exchanges take serious measures to protect our investment with cold storage or what not, why should I believe them. I want to be secure.
I guess everybody will pay for the insurance, but it is a must.

Some steps in this direction will be maid I'm sure.

Yes, we need to be protected. It's a constant fear that exchanges are not safe.
One's insurance steps in we will be safer than ever.

There are many things which come to my mind:

1. A cryptocoin viable for daily spending. So something with low fees (eventually no fee at all!), fast confirmation time and wide acceptance.
2. A cryptocoin which is fully anonymous.
3. A decentralized exchange which works even for fiat deposit and withdrawals, with no limits, no verification and with complete privacy
4. A way to use cryptocoins offline, in the zones where there's no Internet.
5. Projects in any field. Right now there are lots of project about trading, exchanges, etc. but less in many important fields like agriculture, livestock, hosting providers, etc. Even porn industry, which is usually very ahead of time, has very few project based on the blockchain technology and very few adult websites which accept cryptocoins.

You are lucky to be alive, I hope you wasn't driving ;D

I think that dreaming about how we want to be cryptoland is a good thing
this wolrd lacks of imagination and creativity and cryptocurrencies in acertain way try to shift economy from a centralized monopoly to an abundant and decentralized system in which people participate together sharing welfare and carry the world of fiat money to a big upload.

I imagine people more indipendent and responsable of their money
I imagine people working a lot on their own conflicts and frustrations resolving problems instead of complaining about them
I imagine veterans helping newbies to set up their own bank
I imagine people empowering and sharing their knowledge for free
I imagine...

These are the cores that crypto industry needs, a part, of course, good devs that do not participate in stupid copy and paste coin creations...

we are far from the optimum but I am still confident we will suceed!

At first, the main idea of bitcoin was technology that will make people free from regulations and taxes of States. Will remove corruption and make our lives more authorized. But it takes time.

Some kind of  community regulations on ICOS and shitcoins .Exchanges should  not allow shitcoins are dogey ICO are there platforms

Everyone around here wants a regulation free environment. That is why many people moved to crypto as a safe haven for storing their life savings. Further growth of this space will be hampered should the news of regulations comes more frequently. So what do we need? Financial freedom.  That's what.

The simple fact that this industry is decentralized makes it VITAL for our society. For far too long corruption has ruined us.

i think cryptocurrency the most need regulation in every Country, you look rightnow there is so much Country that banning Crypto, i dont know the reason but so much Country to that, and i hope situation like this will get better and better so Cryptocurrency will booming in the world and every country.

Not sure if many people will be on the same side as me on this, but in my opinion crypto currency needs a stable value. Of course BTC/ETH/alts all have their important uses at the present time but paying for things with an asset that can be worth 5% more or less in minutes just isn't viable.

The idea of investing in crypto is mind boggling when you really think about it. Everyone screams we need a decentralized currency but a HUGE % of those people are just invested in ___coin & want to see its value rise so they can cash out back to fiat. I'm holding BTC not because I believe in it taking over fiat, but because I believe it will continue making me money.

What we really need is a coin anyone can easily buy, has a static price to only be adjusted for inflation by some sort of distributed consensus, and of course it needs to be easily accessible/understandable to non technical person - it needs to be as easy as setting up a phone service account with AT&T and paying the bill.

I'm sure there's probably some alt coin that accomplishes some if not all of that, i haven't seen it yet.

Main it needs to have it integrated to make easy purchases and easy payments. Faster and cheaper (much cheaper). Give the people that and you are king!

Probably one of the biggest problems of bitcoin is the volatility of the price and unfortunately I dont think this can be solved until all of the bitcoin will be mined, probably even then it is going to be hard because prople always buy and sell at a different price so it changes regularly. Why is this a big problem? Because for example if you own a shop and you sell products worth of 10000$ in bitcoin. Lets say 1 bitcoin costs 10.000$ at the moment people have buyed your products. On the end of the month/year you have to exchange that bitcoin into cash because cash is better but the price of 1 bitcoin fallen to 8000$ so your profit is going down with 2000$. Of course the price of one bitcoin could go up to 12.000$ and you have a bigger profit with 2000$ but the risk to to big and most of the shops dont want to assume this.

I think volatility is not the problem. The current system is.And the current system like the control, which is not so bad, but still.
We can not expect from world to stay the same for eternity, we are constantly changing, so let's change the financial sector.

More protection. We can lose our money and there is nothing we could do.
So more protection on many levels.

the need for bitcoin may be more media attention and more merchant acceptance, who will use it if no one will accept it as payment? Local exchanges will also help grow bitcoin. It also requires more developers to get behind it and really help its growth.bitcoins across the country.

I think the acceptance of the governments and local banks would be a great milestone for cryptocurrency. Because more people will gain trust over it and more and more merchant are going to accept it.

Well, that's right. we do not have to think hard about a suitable industry later for this crypto. because it will be so many choices for us to be able to do development in the world of crypto. the most important support from all parties to the use of crypto in all countries. if it has been achieved, then do not be surprised if there is an industry popping up with crypto technology. imagine we pay with etherium as we use public toilets. it must be very cool.

They need a good investor and good management and also loyal promoter so that the cryptocurrency will more successful and fast growing.

The cryptocurrency industry has a bright future ahead. It is well thought and in my opinion it needs only time. People need time to accept it in their lives

I don't completely agree.
The efforts to remove corruption and to give the alternative to traditional financing, yes, but I don't agree about the part that the idea of crypto is to avoid regulation and taxes.
If that was true then we could say that idea of Bitcoin is to support anarchy and that is not true.

If you have more protection then you would have a regulated coin. No protection probably means that you are using a decentralized coin.

It maybe true that everyone in this community wants a regulation free environment but we cannot change the fact that the government is acting to have a regulation on cryptocurrency which is why many country started to regulate it. In accordance to the law people must pay taxes and that is the reason for regulation. It could be possible to regulate cryptocurrency so let it be rather than being banned.

this "industry" is very new and because of that it is raw and full of opportunities. it needs lots of things from services to different businesses to start offering up what people need. and so far anybody who has moved first is not a big player in the field. you can see services like Coinbase, BitPay,... exchanges such as Bitstamp, Bitfinex, Kraken, Poloniex,... gambling sites like PrimeDice, Bitsler,... mixers like Chipmixer,... and a lot more. these are all first moves which are now big and we still need a lot more.

in my opinion it is best to have more decentralized services and they will be the biggest in the near future for sure. i have high hopes for projects like OpenBazaar for instance.

Two things I would say is needed:
1. Most of the people coming to this industry are immature and entering the industry for monetory gain. These are the people who panick very soon and start selling the coins. If these people are educated about the industry, the market would be stable, which would solve the major problem this industry is facing
2. Need to have a community to approve and give a score to the new coins and token being launched through ICOs. This would restrict fraud and instill investors trust in the cryptocurrencis.

I think if we can work on these two things (to start with), then this industry would be more trusted.

Funny thou ;D please dream with care because it might be dangerous to daydream on the wheels.
Bitcoin need a lot of other things e.g general acceptability and wide spread knowledge about it usage in other to prevent people from being scam using bitcoin, advance technology that reduce transactions fees and speed up transactions confirmation. Beside this bitcoin also need media acceptability because in most cases the media is always against bitcoin.

This industry is still very immature, especially the ICO market, there are a lot of fraudulent ICO projects.
And exchanges have many unspoken rules because there are no rules to limit them.

Following things need to be done:

1) Transfer has to be instant. This will ensure mass adoption.

2) Prices need to be stable. This will result in it being used for small transactions as well. I know the returns will get lower but in the long run it will be beneficial.

The cryptocurrency economy needs more user friendliness and adaption. Let the people know about the technology in layman's terms.

That is likely not a very wise idea overall. I don't think that crypto is a safe haven as far as your life savings are concerned. In other words, you'd better keep them in something else. And this is where lack of regulation may in fact be very harmful and detrimental or even dangerous. For example, you can keep your savings in solid assets like precious metals but how do you that your pension fund is not playing with crypto if there is no strict regulation?

More highly skilled developers, and less scammers.

The mass populace is not fully aware of the issues plaguing centralized exchanges. Decentralized exchanges require a bit more tech prowess and may be slightly inconvenient for new users

The cryptocurrency industry needs to reduce its trading fees to allow for more players to come and participate.

Decentralized exchanges are not just inconvenient. I'd rather say they are virtually non-existent. What goes as them has hardly anything to do with truly decentralized exchanges for which to exist you wouldn't need third parties. As I understand the concept, a decentralized exchange must exist on the blockchain level because all your trades go over there. Otherwise it cannot be called decentralized. Correct me if I'm wrong on this.

More than mainstream acceptance, it needs REGULATION for it to attain a certain level of stability. It cannot be accepted by people at large if it continues to have major swings in the market. Just like with fiat currencies, its level of stability is due to the control of central banks that are backed up by governments, without which, it will just be like Bitcoin suffering massive price fluctuations day-by-day. More importantly, the effects of regulation would be great because it will make the transactions as well as its costs better and reasonable that is at par with times.

It does not need that. If regulation was so important to Bitcoin then it would've been regulated since day 1.

More coins don't really help in my opinion as all that is happening is just trading and not actually being used as a currency.

One thing that the masses need is security with mass adoption. People are not going spend crypto currencies if there is no stable value.

Here is my opinion about your suggestions:

1) You made a valid point in first suggestions. The new investors do not have the patience and thus they keep buying or selling for small profits. This results in lot of volatility in prices. They should be made to understand that bitcoins are for long term investment. If you believe that bitcoins are going to be used as a payment medium forever, it will always have some value.

2) I do not think that second suggestion will work. You know what is the reason behind the success of these coins, it is the greed of people. These coins offer returns like 100% in a  day and a part of investor knows that it is not possible, still he invests some money because of greed.

Cryptocurrency according to many of you is a way to stay out of regulation and taxes. But this is something not true. Without regulation, there is nothing possible. The blockchain technology is coming up with various improvements like transfer time, low fee, opaque transaction history, etc. but have you ever wondered what people invest into crypto wait for its value to grow and then convert it into fiat. Then what’s the point at yelling that cryptocurrency should be the regulatory body?

Looking at the matter, no Cryptocurrency has a stable price which will only happen once all the blocks are mined, then what? It will stay out of reach for those n number of people who cannot just afford it maybe, or who are clueless about it, or simply who have 0% interest in technology.

The Cryptocurrency needs the recognition of the government. Without shaking hands with Government no Crypto can flourish. And once Governments are ready to anticipate, then things will be upside down. People will definitely enjoy the fruits that flourished out of seeds they cared for.