Bitcoin Forum

As stated in the title, what do you think is the biggest problem in the Crypto Community?

They don't have self decission mechanism in their minds. They always ask for external people for their daily trade actions. They're not patient, in any bad case, they start blaming the coins and projects.

Is it really wrong with us? I thought everything is ok. :)

Nothing, I think most are of above average intelligence by necessity. Generally I like crypto users more than other communities.

I would like less of the FUD and scams being spread though.

Why don't you ask what is right?

Can you guys think of what the next FAD will be after 99% of these ICOs have suckered people out of their bitcoin? What is the next moneymaker for scammers?

The biggest problem of crypto community was too many FUD people or easy to believe that results to easy manipulation of price. Every month there is an issue affecting it's price even by only a bad comment of some known people. Investors already panic. This means that crypto community has really no faith on Crypto.

That question would fit in an extra Post!  ;)


What kind of question is that?  ???


Oh wow, please tell me the channels you are in!!!!!
 :D :D



 ;D ;D
Ofc, I am not talking about everybody... ;)


This sums up one aspect really good!!!

Maybe I've just met more retards among the average population, I know plenty of people who wouldn't understand cryptocurrencies if you carved an explanation in their forehead.

Half the people you meet have an I.Q under 90, that's as dumb as a bag of hammers.

Ponzi Schemes Scammers and un trustable peoples damages crypto world.
And also who dreams to get rich fast fails to these traps. that the main problem.
On the other hand we have capitalist whales such as JP morgan lol

You are describing a good amount of people I met in crypto-space (mainly telegram channels, some post here, ...)

Too much ico with the same concept with its predecessor, and of course too many scammer also on every ico and people's mindset about get easy money instantly but the result is making almost every forum full of spam (reddit, bitcointalk etc). The most dangerous maybe coin with ponzi scheme ,some people will be easily instigated because the result is big and ultimately nil. As the result crypto will get worse in the eyes of the other people.

Greed.

The biggest problem in the community is there is a lot of the scammer, But as long as the people are using their brand to take anything for a twice before to do that and i can say that can become a good thing.
There are some crypto group against each other. I think that was related to the internal problem in the crypto community.

The biggest problem is that there are a lot of newvies. That is a good thing and a BADTHING!

It is good because more new people means more transactions and higher price as they use it. Bad because they have to learn a lot about crypto and a lot of the post that they make are not that good to read unfortunately. They ask the same questions over and over again, while people like me who have been here for years already know most of everything!

:)

But we are here to help :)

different level of competence with the chance of absence of members with the forum, as further to helps on decision as member to collect with the strength on supports as converging action with the contrast of mutuals as segregating option of commitment of the forum member delegitimation.

Fully support you. Greed swallowed all and so people with their hands digging the grave crypto. Miners constantly raise the price of a transaction and don't want to help to develop trade. Users don't want to spend the coins and also inhibit trade with bitcoins. Such actions blow bubbles and make crypto-currencies are vulnerable to the state.

Anonymity is what is wrong with us. When people think they can get away or hide under anoms they tend  to behave differently to when they know they can be called for questioning and arrested for misdemeanor.

There is too many scams and scammers empowered by the nature of crypto. Anonymity creates this community where scammers can freely generate new coins, start an ICO and earn instant money from there. Or creating hype or FUD and earning from the negative effects it creates.

I think the the amount of posts with questions that get asked 5-10x a day.
And the large amount of people depending on others to make their trades.

In my opinion, except that scam/scammers, there is not so much wrong in currently.
But i think, crypto-community getting grow and everybody saying something about everything without knowing and researhing.
They prefer to read speculations instead of learning something real and have their own idea and point of view about it.

I think the biggest problem is spam. Mindless comments should be moderated. Since moderators of the forum are few to deal with the problem, each campaign should have its own, and campaigns without proper moderation should be disabled.

There is no problem. Everything is exactly as it should be.

The crypto community is getting stronger day by day with more users getting into it as well more digital assets getting existence on different platforms based on different requirements. As an user stated the increased number of hacks, scammers and security issues happening around the community seems to be the only problem.

I think this is the number of participants. The crypto community is still too small, but in my opinion it will be corrected with time.

That's also what I think is the biggest problem. But no matter how much you warn these newbies, some people will only learn through experience.

People join every project and praise it to heaven, everybody hypes the projects they are in, even if they suck.
Get's annoying seeing everyone shill.

scams and scammers we should develop anti measures ag1inst them

The two issues I am most concerned about are:

1) Greed
Many investors don't seem to have any intention to use the tokens they are investing in, they are just looking to get rich. If a token does have a real world use then we should be striving to use it as such, not simply hodling.

2) The hyperfocus on blockchain technology while ignoring decentralization.
I believe the recent FUD surrounding China has made this more evident than ever. Investors are practically begging China to start regulating the market so that they can get rich. There's been a lot of hype around NEO for a while, and I bought into some of it as well, but can we really trust any token/platform that China has begun digging its hooks into? If we're giving China our personal information and paying the government to use NEO then where is the revolution? As Andreas Antonopoulos likes to remind us, without decentraliztion "blockchain" is just a fancy word for database.

member should have with possession as occupying use of distinct with personal preference, as offering chance for other members as confirming and converging use with decision as referring option to work with examination.

There are a few issues that plague the crypto community.

Firstly just sheer greed - For investors they are just looking to get rich, rather than actually looking what the technology could potentially do, we are trying to break away from the old banking system and people are still too focused on trying to get rich quickly. Also on the altcoin themselves some companies are just trying to raise as much as possible (more than they need to get their coin off the ground)

Money - There is already too much money flowing around, the fact that even celebs are now jumping onto the bandwagon, when they can barely spell the world cryptocurrency never mind explain their potential

Unregulation - While i know that regulations can be a bad thing, it is too easy to make a whitepaper and start receiving large sums of money without a great concept.

That some young guys can raise $10 million in an ICO and go live their fantasy coding in a beach house in Costa Rica (https://twitter.com/nimiqnetwork), without even having solved any of the design issues of how to innovate proof-of-work or proof-of-stake such that it can be decentralized and scale.

They are trying to build a blockchain and do not even have a design yet. All they know is they want to build user friendly GUIs, yet their FAQ (https://nimiq.com/faq/) won't display correctly in either of my older Firefox or Chromium browsers on Linux (I had to view source to read the FAQ answers). So when they can not even get the GUI of their FAQ to work correctly, and that (user friendly GUIs) is the only thing they are claiming is their USP (unique selling point), one wonders why this group has $10 million in funding and I have $50,000 in funding yet I have innovated and solved the decentralized, unlimited scaling ledger issue which is fundamental to every kind of scaling apps we need.

All these ERC-20 projects are not going to scale (https://bitcointalk.org/index.php?topic=2220350.msg22460420#msg22460420) because Ethereum will not scale (https://steemit.com/eos/@dan/reponse-to-vitalik-s-written-remarks) (and at the least not scale decentralized)! It’s also interesting to read that both of Dan and Vitalik agree (https://steemit.com/eos/@dan/reponse-to-vitalik-s-written-remarks) their systems (DPoS and Casper) are vulnerable to manipulation by concentrated power; whereas, afaik my decentralized ledger invention is (in theory) the first one that is not and which can also scale unlimited decentralized.

These social media apps as ERC-20 tokens put the cart before the horse.

I do not want to sell an ICO because I do not want to make the future tokens of the project banned and encumbered with being illegal (or even legal registered) securities (https://bitcointalk.org/index.php?topic=2208231.msg22456674#msg22456674) (in every different jurisdiction in the world which has separate registration requirements for securities).

It is as if our ecosystem is dumb and is not allocating capital correctly.

I am not going to publish my design now, because some others will just steal it and go raise money using my design.

(A couple of those Nimiq programmers seem smart, but seriously intense coding is done on full size keyboards and large screens sitting upright in a chair, not lounging on a sofa in a prone position typing on a laptop in your lap)

The name Nim makes me think of nimrod. Frankly after viewing him in a couple of different videos, the founder seems like a clown (https://youtu.be/U8xgp8lUs6I?t=47) to me even though at least two of their programmers seem smart.

Also I tried to join their Telegram chat because that seems to be the only way to contact them, and permission was refused. How can a group that raised $10 million be uncontactable  ???

I could write a 100-page dissertation on the things wrong with crypto and this forum in general.  I think most of you have brought up most of the issues already so I won't expound on them. 

biggest problem with this community; people have lost the real point to, and potential of having a true p2p currency.

whats the point in creating an alternative to the worlds greedy bankers' fiat if we ourselves become the greedy bankers.

I think decentralization of the crypto-community could have both positive and negative effect, though I'm fine with the way it is now.  ;)

There are multiple problems with the crypto community but I'll point two of the main ones. Firstly, spreading FUD without any backing to it. Secondly, it would be the pump and dump factor associated with hyped coins. There is no possible way of eradicating these problems as there will be more and more people doing their things.

Banning ICOs (https://bitcointalk.org/index.php?topic=2208231.msg22456674#msg22456674) may remove a lot of it.

The authorities would have to become very aggressive globally in most nations in order to truly ban it.

Nailed it. Most of the new people comming into crypto don't even care about the tech and don't try to help getting this gamechanging software foreward. They only care about profits. That's why we have so many panic sellers. All they think of is how to get rich over night. We need more passion again.

Honestly, I do not think that something is much wrong) But I got the impression that there are many users with an unrealistic one-sided view of crypto-currencies. Plus spam of course, although this is quite an expected phenomenon)

If i were to answer your question,  I think the one of the problem that we have right now is the lack of initiative of some members to share their knowledge about cryptocurrencies to those who dont have any idea yet.  Because for me cryptocurrency will be able to prosper more if the number of its user will increase.  And this wont happen if not everyone of us will take part in the promotion of it.

And its enough to break one's fucking heart.

ICOs are definitely the biggest problem... but few will admit it, since they're heavily invested in it. But people will not be able to ignore the consequences of their actions.

Smart guys are cashing out right now, if they have not already done so.

The governments don't want to legalyze it and don't attract the community to it

Problems in crypto-commmunity? Base on what I've read in this forum. People want to share all your knowledge about bitcoin which is not correct. You must know or learn everything on your own, don't depend on other people! People became dependent and lazy and they want everything get all your want on you. I think crytpo-community are over crowded in year 2020.

Premined Scams like Ethereum & its legions of ICO shitcoins.

You are a bit rude, but I think you seek the help of experienced users. After all, we also started adventure and it was not easy. Personally, I got a lot of help from random people. Always try and do not give up when something fails.

A lot of bad ICOs get a lot of attention and genuine ones get missed!
like..ours! <end sulking> haha. just joking. help us out though!
https://aronline.io (https://aronline.io)

I think there are bunch of the problems in the current crypto community. I will start with ICO projects which are being made like sands on the beach. They are enumerous and non ending. Most of them fail to achieve the the goal in first place and hence they spam the user like us which is not good at all.


Then there is this thing called as cloud mining. As we all know most of these services are also very furious and they are Ponzi schemes too. These people are robber I believe because they never pay us back when they get little old in the industry.


May be these things should be changed in the community and we will see the fruitful results soon. This can affect the market on large scale.

Jeez, just look at this board. Look at the topic titles, look at what people are discussing. This is what's wrong with the community lol

i think  a lot of people wants to make fast money ,
patient it the biggest problem in crypto community...

Noone has it but all want the most profit in less time

thanks

 8)

On the other hand we have capitalist whales such as JP morgan lolPonzi Schemes Scammers and un trustable peoples damages crypto world.
And also who dreams to get rich fast fails to these traps. that the main problem.

I think the biggest issue that needs to be addressed now is the boom in the altcoin market. Too many new projects are being created, so many new currencies are formed and operational. This makes us all in a bubble. And this bubble can burst at any time.

It is not new to such things. It have been the history of the world that whenever some nice and good collection of chances come, there must be whales and lions that are just focused to detrain them. Same happened with bitcoins and this problem couldn’t be minimized because such people like Morgan comes along and the stupid sellers are there too.

Perhaps more and more countries are banning the existence of ico so that the increasingly lonely project in crypto so that in the search for land the work is also increasingly difficult and make the bitcoin increasingly burdened.

i think the biggest problem is we don't united as one crypto currency community and we have divide by many of purpose as a group or team. if we can united in one crypto community, then i am sure that we can reach more people to join with us and we can spreads crypto world into more people. but i am sure that soon, people will start to find the right way and finally they will join into one crypto community and we can share what we know and learn together as crypto community family.

Yes, that was my first thought too...
But we will not generalize. There are so many people here who want to help and share their knowledge. I
'm grateful to them because I just entered the crypto world.

Crypto community is full of idealist. And I realized this mind condition seems to work well for them in the long run. The issue of bitcoin is the perfect example. Have you ever met bitcointalk member who believes bitcoin is going to replace existing payment system and monetary value! I met one some years back and we all know bitcoin is know all around the world. It is happening! Bitcoin is even valuable than many currency in the world.

There are some annoying recurring patterns, which I have been observing for years. Worse of all is the very short sighted approach to cryptos, considering coins only as a way to gamble a quick profit. This create a background noise which damages serious investors.

Biggest problems with crypto community:

• Too many scammers
• Too many crap ICOs
• Too many pump and dumpers on Bitcointalk

Read:

3 Kinds of ICOs - Protect Yourself
https://bitcointalk.org/index.php?topic=2243157

When something happens online, hacks, scams, and all sorts of fraudulent people roam around. It's our responsibility to be on the safe side without getting caught into such traps. Not every ico is a scam, so it's upon our attitude of segregating the good and bad.

Only 1 thing that i think, the scammers are around the comunity. That is the main problem.
If no scammers, i think we can solve other problem if there is other problem.

That's why there are 3 kinds of ICOs:

https://bitcointalk.org/index.php?topic=2243157

• Scams
• Crap
• Legitimate

i believe someone said the same thing, but less scam accusations would be great. like, if something is really a scam, it should be called out, but saying "xxx might be a scam - what do you think?" and seeing that every day or two is just ridiculous.

Yes, I will agree that trickster people are the wrongs in this crypto-community, because of them there's so many scam around.

Problem is no one believes in crypto anymore. Sure people praise their holdings till it rises and then they dump it. But no one really believes in decentralisation they would invest in the most centralized coin that
enslaves the world forever if they could make a good ROI.

Basically desperate pajeets have ruined crypto. Ignore all of them as they all own 1% of crypto but make 99% of the noise.

constraints arise there must be. but the obstacle I experienced was. when discussing cryptocurrency sometimes there is one-way conversation. so between topic and discussion is not uniform. Sometimes not a solution that should be difficult.

In my opinion, the current crypto-community problems are from those people of the community whose do not have enough knowledge to competence so they must be guided to right path to make them useful in the community.

Too much greed rather than looking into what will actually work.

^This... and too much focus on unbacked, 100% pre-mined promises (read: ICOs) instead of helping actual proven coins getting into mainstream.

There are many problems in the crypto landscape, but most of them come down to greed, questionable motives and impatience.

- crypto investors are unwilling to invest their expertise in building up emerging blockchains. Its all about getting coins onto exchanges and dumping them as quickly as possible
- too many projects that are flat out scams with developers forking old coins with no value proposition other than a big pre-mine for themselves
- use cases for crypto coins are often an after thought, no one cares even in Slack channels with hundreds of members 

I try to ignore the scammers and invest in what looks like it will be active within a year or two. The coins that are trying to scam people usually show their flaws on day 1.

I think spam and mindless comments are problems that should be taken seriously. It is one of the reasons why the forum does not bring much more users, and it's also the reason why many users that were already here have gone.

In my opinion, the problem is the lack of legit and good services.

In its path to become a global currency, Bitcoin is giving to people opportunities to create real businesses, and I see very few taking advantage of it.

To me the main probelm now is Greed, money first even before writing any code, though everyone is guilty of these, investors want quick profit on their investment and this has encourage alot of ponzi projects to pop up in the space

Most of my profit has been in ICOs.  They are terrific way to increase your assets.
99% is strangely high number too.
Without ICO's development and competition would stagnate.
either you got burned by an ICO or are just saying things without any knowledge of what is actually going on.

This, is what I think is wrong with the current crypto community.
They proclaim all kinds of ideas, advice, strategies that are not backed up by anything at all.

Inevitably, the bubble will pop because all of this new money gets moved around in risky, misinformed ways.

I wish the community would go back to focusing on a decentralized future rather than just trying to become a quick millionare.

One of the biggest problem in my opinion seems a complete obsession with getting profits, we see people that say that bitcoin is dead just because it has not gone up in value in a month an that is ridiculous, also a problem is a lack of patience and to me that damages the community.

Biggest issue right now is that people jump into crypto for quick money or expect their initial investment goes 2x 3x 4x ... in the short term. Lack of understanding the technology behind of every projects are the root cause. Any investor should educate themselves in advance before contributing money into projects.

Overall, I like the community since people know what they're talking about. The only thing I'd like to see a bit less is threads asking 'what is the best investment' or 'next x1000 coin'. The people that write those threads should do some research themselves and not rely on other people to tell them what coins they should invest in.

Scammers are big problem of the community as well, a scammer trying to get 20 dollars o something is annoying but you can ignore it, but as time has passed the scams are becoming bigger and bigger to the point there are many icos that are nothing but an elaborated scam.