There are many people who think that the cryptocurrency market can be scary and bewildering. Quite true even for people who are already into cryptocurrency. The road can be treacherous and can be compared to the Wild Wild West. Since this is an open industry we are now seeing many scam artists entering the bandwagon too. Just yesterday, I got into a conversation with someone who has already some knownelege about Bitcoin but was largely unfamiliar with the cryptocurrency industry. The first question she asked was “Is Bitcoin illegal?”
That can surprising to those of us who are already immersed in cryptocurrency on a daily basis but this is the kind of question that is still quite popular with many outsiders in this industry. They heard that Bitcoin is a tool for criminals, and cryptocurrencies as unsafe and dangerous to get into. Definitely, if one is going to put his money into something, it has to be safe and stable since most of us don't have the gambling mentality.
We should be talking about the many big problems that the crypto industry generally faces. For better or for worse, Bitcoin has been the face of the crypto industry which means we get all the benefits of a widely recognized brand, but also all the baggage that comes along with it. Naturally, this presents a very challenging at the same time exciting opportunity for us. I believe that the right platform for mass adoption has to be accessible, friendly and safe.
