[POLL] Crypto Currency Adoption

[Spoetnik]

I see a scene across crypto around the world that is focused on profits.
That drive for profit seems to have little to do with which coins are deemed "adopted" or will be..

I think it's obvious users (the vast majority) are simply playing with what ever they think will give them profits vs being a supporter and investing in a project that has a future that includes mass adoption by the world.
I don't think anyone is going to argue with that assertion.

What is going to help adoption ?
Supporting it (adoption) or supporting anything that gives you profit ?

Get what i am driving at ?
Since i got here mid-2013 i witnessed Bitcoin shoot up to $50 a coin and the amount of users involved ballooned.
But.. what type of users are they ?

Are they users who are supporting crypto currency adoption or simply profiteers ?
I think it's obviously the later and i don't see that as a good thing either.
Who is left to further the cause ? Who cares ? Who takes action ?

For example..
We started out with ideology such as open source code and decentralization.
Those have long been shot & pissed on.. in the name of ROI's.

Let me highlight it for you all.
Countless crypto exchanges started doing a verification system and started complying with government requests.. such as Cryptsy or Poloniex or Coinbase.
Rather than rejecting this change in how this all works you all went along with it.

Decentralization ?
How so ? People who defend the problem with coins like Ripple or Ethereum say who cares ?

Do you see the point ?
You think adoption is coming ?
You think the path crypto profiteers are on is smart ?

So far all we see is things getting worse.. MLM scammers caught on and are here now.
We have a scene that revolves around Whales pumping coins as the big attraction.
Do you all want to move beyond that p&d crap ?
Don't you think mass adoption would give you far more profit and a more stable future ?

Wanting profits is not what i am against here.
I just see fools selling themselves short.. mass adoption = large profits.

I vote "If things change" (the path we're on is not working)

[ApexEvo]

Yes the whole current meta of the crypto economy has to change in order for some of the available currencies to be mass adopted. However some new alt coin might change that. Some project aimed specifically only at being used as a currency. BTC is way past that(plus not nearly fast enough at the moment) and I don't think any of it's competitors have what it will take.

[Spoetnik]

Since BTC has essentially failed it leaves the door open for an Altcoin to step in.
By failed i mean the amount of time you have to wait to get your BTC and the fee's.
It's the same or cheaper to use Interac eTransfer for example.. and quicker. (almost instant)

But the crowd doesn't care and sure as hell will not lift a finger.. cough cough Segwit.

I don't think the big players like Western Union etc are threatened by this stuff.
They see us simply frittering away our time playing "unregulated stock market for kids" games for chump change.
Knowing full well regulations will eventually put a damper on it all.

That is the end result of this piss poor profiteer mentality..
A fast tracked heightened looming set of regulations (we won't like)
Which is going to make adoption harder.

This never should have morphed into a centralized exchange stock market system scene.
Sure they were good as a temp fix but a new exchanges system is sorely needed.
And having the focus 99% on ROI's and day trading and pump's and checking your profits etc
..is simply a diversion from the actual goal we should be after.

Short term chump change profits are a diversion from the larger goal of mass adoption.
Mass adoption of one or more of these currencies would make you all rich beyond belief.
The profiteer circle jerk has to end.
Either you all end it or the regulators will !

Meanwhile opportunity slips by.. 8 years after Bitcoin we are no further ahead.
I've always said if you all think your Doge or Monero or Dash or Ethereum or Ripple etc is going to take over the world then by all means support them.. i just don't see it happening realistically.
And at the end of the day i just care about what WILL happen.. not what i *hope* will happen.

Too many users want to shoe horn what is available into the Bitcoin Killer slot..
I just think it hasn't been made yet and keep coming back to check if it has.

[smartbitcoininvestor]

Realistically you are asking for everyone to be well read and informed. Only in a picture perfect world would this be the case.

It is human nature to take shortcuts, especially when it comes to the brain and pleasure/reward mechanism. For most, the act of acquiring money itself is a pleasure (in a sense it is gained power), so they care very little about the how, why or effects of the coin.

These people can be compared to stock investors vs day-traders. There are the Berkshire Hathaways of the world and then there are the day traders who pay attention to what everyone else is doing and the minuscule media mentions.

We are on a Bitcoin forum after all, so it would be normal to assume that a good majority of folks on here are here just for the monetary gains.

Those who do watch the documentaries and read the books, know that Bitcoin represents something much greater and bigger than all of us. And seasoned investors know that it is the true utility of a business that derives its long-term value. Everything else can be manipulated by the Media & Banks (case in point: Ripple).

I say let bygones be bygones and seek to acquire knowledge for the benefit of yourself and those around you. Over the long run, smart investors that invest in a cryptocurrency with true utility will win out.

[gjhiggins]

I see a scene across crypto around the world that is focused on profits.
...
I just see fools selling themselves short.. mass adoption = large profits.
...
Don't you think mass adoption would give you far more profit and a more stable future ?

You're nearly there, keep questioning the assumptions. Just one small step to go: “mass adoption would give you far more profit and a more stable future”.

Cheers

Graham

[talkbitcoin]

i think the only obvious answer is "If things change maybe"

bitcoin is right there, it has been around, it is trusted and it is decentralized but the problem which everyone now knows is the block size debate between two sides which are pulling at bitcoin from two opposite directions. if we can finally come to some decent conclusion for that, the adoption will happen. specially with the movement that Japan started.

but about altcoins i have to say it won't be possible. at least for existing ones. these are too deep in problems that can not reach the adoption stage. for the most part is because bitcoin does what they want to do 10 times better. for the other part is because these altcoins are not created to be adopted by anyone other than traders. and they have already adopted them with open arms and big whale-y pockets.

[Ayers]

i think both will achieve adoption, but only if bitcoin first achieve adoption, altcoin always follow bitcoin, if bitcoin become big in the world many other good alt will become big as well, but not any alt out there, many are 100% scam and will die without leaving any trace, the top 10 should do good in 2-5 years from now, prolly some country will aodpt it as a currency some poor country might do this

[dinofelis]

There will be no "mainstream adoption" if you think of currency usage.  That's bollocks.  What's possible is that the financial world will integrate some block chain tech.  What's for sure is that the crypto scene will evolve into a HUGE speculative game, which will be entirely dominated by financial players once they have the permission to get into it, but it will most probably be played by a minority of the world population (mainly at loss, to pump their money into the financial institutions that play better on it).

In other words, there will be some fin tech coming out of this, in the real world ; and the crypto market will be another speculative market where small players lose their money to big players, thinking they can outsmart them.  I think big finance and banks will just love speculative crypto.

And yes, there will be a currency usage, for underground small communities that need financing things that cannot be done openly and with fiat money (murder on command, dark markets in general, fiscal hiding, terrorism....), the real economic value of crypto currency, but that is not mainstream.

If the question is: will more than 10% of the world population ever use crypto directly ?  No of course not.

[mymenace]

Here in is the adoption and has always been for bitcoiners the real value of btc

http://www.news.com.au/technology/innovation/inventions/blockchain-buyers-the-transparency-revolution-coming-to-your-shopping-experience/news-story/f5606c2f15b80c8e57503aa6064332b6

http://www.afr.com/technology/brokers-want-asx-blockchain-to-do-more-20170305-gurbg7

https://thefinanser.com/2017/02/r3-acquire-ethereum-59-million.html/

bitcoin - https://bitcoinmagazine.com/articles/the-next-big-thing-rsk-smart-contract-sidechain-launches-developer-release-integrated-in-jaxx-wallet-1478720778/


etc etc etc


multiple blockchains competing and exchanging against each other

the amount of add on apps for each crypto currency will increase to support retail, financial, trade etc in having ledgers, goods and services run business processes on the blockchain

this also causes growth in other industries supporting the crypto currency scene e.g. hardware wallets, mining etc

and I could go on and on and on

various financial industries are currently using crypto to change the world

it is happening now and so easy to see from the evolution in only 3 years from 2014

edit note:
Spoetnik is so right, there are many scammers out there, pump and dumps etc etc etc etc

Become informed, as Spoetnik says it is your money, look after it.

[Spoetnik]

Realistically you are asking for everyone to be well read and informed. Only in a picture perfect world would this be the case.
<snipped>

Ya for sure i am aware and can't ague with you.
But you missed my point earlier about 2 key issues.

1) The hammer is going to have to come down on this crap.

2) The level of profits gained from patient investment + adoption would dwarf what we see now.

So i have for ages been saying hey guys from my view i see a better way.
And i think the key link is TIME.
The problem is the crowd who get here and want profit are not willing to wait.

Patience + Adoption = Large Profits.

Hell look at ETH or Ripple.. those guys started their shit then waited.. years !
The crew's behind those two scammy ass ICO shitcoins got their coins adopted..
By all of you HERE !

So they are now filthy rich beyond belief.
Butters sat on his 2014 ICO coins from Ethereum and now he's worth many millions.

That proves what i am saying guys.
You think i am just anti-altcoin or anti-profit.
I'm just saying you're selling yoursleves short.

Your investment money is valuable and should not be hurled at garbage projects for peanuts.
Demand more ! Demand better !

ALL of you could be the millionaire Butters with mass adoption and being an early crypto guy.
Or lower the bar more and more.. until the cops raid the exchange your coins are on.  

[Herbert2020]

Demand more ! Demand better !

i like this part.
they all love to bash bitcoin and bitch and whine about any problem that it has and just claim that their altcoin (bags they are holding) is better than bitcoin and will replace it and all the while their altcoin has lots more problems, technical or otherwise.

whenever i am fair, i say altcoins have introduced a whole new world to us. they have a lot of nice features and are exploring so many different areas of blockchain technology.
but nowadays this world is filled with people who are only seeking money, not development. they want ways of making the altcoin in a way that gives them more money. and as soon as this stops being their main goal we can see a huge cryptocurrency that bitcoin and all the rest of cryptocurrencies would be shitcoins in comparison
i just hope it happens in our lifetime!

[Spoetnik]

If anyone disputes mass adoption would give us all mass profits ?
I'd love to hear why..

The votes so far have spelled it out.. there is no faith an Altcoin will get mass adopted.

And isn't that the point ?

Reality is no one cares about the matter.. they came here to profit.
They will claim to be a supporter then when the coin wanes in popularity they will dump hard and pretend they weren't involved.. and move on to what ever else is "pumped"

So tell me guys how can that be the optimal route for us all to take ?
You are all telling me that is good ?

It's one thing to talk shit and another to back up your mouth.
If the US government gets it's wish with Coinbase a hell of a lot of people are going to be shitting their pants.

Did you all forget you are suppose to claim your profits with the tax man in CAN/USA ?
And why now is the US govt fishing with Coinbase for tax info on LOTS of users ?
Hmmm KickAssTorrents ring a bell ?

uhhm what did i just say ? Cops are comin' ? (since 2013)
I warned you guys but your just going to push this corrupt bullshit until the gig is up then scramble stealing anything not bolted down and pointing the finger at someone else leaving the mess for the legit people to deal with and clean up.
And that is what is happening and i can rattle off an infinite amount of examples.

Altcoin gets mass adopted = 2 votes
That says it all right there !  

I've said countless times you all lost faith long ago when it comes to adoption.
So.. you quit trying or showing any interest in it.
And when one scammy greedy cunt shows up you are all mostly then fueled to out greedy pig the next guy until this stupid bullshit gets more and more retarded.. and the cops come.

Faith comes with patience

[concept2]

Bitcoin will be adopted first and then many other cryptocurrencies will follow its path. Ethereum, litecoin, dash, NEM. They are all good coins and they will soon be accepted by many people and places. Investors have a good vision and they always know what is good for them