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Title: Frictions in Bitcoin adoption as an investment vehicle Post by: biscottigelato on July 12, 2018, 08:25:22 PM I think Bitcoin as a store of value / investment vehicle is a widely accepted use-case. What are some of the friction points you can think of that inhibits even wider adoption of Bitcoin as an investment? Just hoping for some wisdom of the crowd here. A few I can think of is:
- Difficulty in understanding what Bitcoin or cryptocurrency is for the layman (education) - Poor UI/UX for some exchanges when someone tries to buy - Poor UI/UX for KYC process that is needed before someone can even fund their account - Account funding is also a cumbersome pain point that might turn some people away - Centralized exchange is subject to hacking making storing Bitcoin with them a risk - Retrieving and keeping Bitcoin in a private wallet is a lot of effort for the layman. Private key management is also high risk. Anything else? Thanks! |