Any ideas of what we lack in crypto world?

[faceoff97]

We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?

Love it or not, regulation has to be done. This is the only way the Government will be able to promote the use of crypto currencies. The Government wants to intervene with the decentralization of coins. There is no denying that bitcoin is indeed used on illegal activities. This allows illegal transaction be done. the only way to make bitcoin appealing to the people is the recognition of government. People trust what government says.

Another thing is that, most coin holder are those who are he internet people. Those who are not (whose majority in my country) don't have the access with it. if the system will be develop the same way as Zimbabwe's , whose even the simplest person have the access with cashless money, Crypto will be more popular.

[audaciousbeing]

We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?

What we need is many but can be tied up to one singular thing in my opinion which is "Security and Responsibility " with that I am sure a lot of things will fall in line. When this is present, I am sure that I can invest in crypto projects and not scared of impending ban that might happen tomorrow since I don't want to be on the other side of the law. When there is responsibility, people who are in the position of trust would value it because they know they will be held responsible for their actions. When we have security, the mass adoption will be a walkover because the basis has be set. Technological breakthrough to make crypto more adaptable and easier with the use of sophisticated equipment will then follow which would even go beyond the lightning network, SegWit, Scaling that we are concerned about at this time.

However, I guess we cannot always have what we all want because all of this will come with certain costs which I am not sure the readiness for that cost is at hand. We then have to live with what we have now.

[BitcoinMouse]

I think, we need as possible more professionals for crypto world.
Everything is new, and we do not have real proffesionals, who has education and all the rest. Hard to imagine... The rules of the game are changing daily!
But still - i think we need more professional ))

[Slow death]

We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation.

The government is made up of a small group of people who have their own agenda, they are bankers, big businessmen and so ... this small group that is the government makes its people reem of their policies, they control its people, now it comes a satoshi nakamoto and creates something decentralized and tells people around the world to use this decentralized thing, you think the small group will be happy to know that many people in your country can be millionaires and the small group can not know who Are these people? money = to power. if you have a lot of money, you will be able to overthrow a government.

The problem of banning bitcoin is not the cause of money laundering or other crimes committed on the internet, is because it is dangerous to the bankers and the political elite of the government.

what do we need for normal living in a blockchain world?

we need seriousness, responsibility and being human with each other.

let's face the biggest problem we have: exchange !!!

How many people are here that are not afraid of exchange? Who is not afraid to wake up and see your exchange account banned?

Exchange does not respond to support tickets

Exchange does not have physical office.

The bitcoin wallet do not have physical office.

How can we be taken seriously if we are not serious?

you find it normal that a person deposits 1 million dollars as a result of the contribution of all his family and exchange blocks his account and funds and do not answer the support tickets.

With this type of behavior does anyone believe that institutional investors will use these exchange that do not have physical office?

Our biggest problem is that we limit ourselves to the virtual world, we do not show the physical world what the real advantages of bitcoin and altcoins are.

[jefbigbob70]

Each of the crypto currency needs a fiat buffer. This is so that the seller in the store can sell the product for crypto currency and instantly exchange for fiat to buy again the goods. Then the crypto currency will become widely used.

[aso118]

Each of the crypto currency needs a fiat buffer. This is so that the seller in the store can sell the product for crypto currency and instantly exchange for fiat to buy again the goods. Then the crypto currency will become widely used.

Nope. This is not what cryptocurrencies need. You have payment processors like coinbase which do exactly what you describe for bitcoin . It hasn’t really led to an explosion in adoption of bitcoin. An increase in awareness will work wonders, something which no payment processor will ever be able to do.

[Ararbermas]

We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?

lack of knowledge is the common reason why some of the people here in crypto world always fail and miss some of the opportunity .and besides of being lack of knowledge they dont know how to make there own strategy they just relying on others thoughts . That's why until now they don't have not enough information what are the different manner here in crypto world.  

[andrei214]

We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?

Crypto world are maybe lack with advertising and increasing its popularity.Yes, there are many ways provided to introduce cryptos, but then not all people truely understand about cryptos.If cryptos creates a full advertisement with full information desimination, it could be a good start.

[Redhead5]

Lack of confidence and idea. The reason behind more traders are getting scared on the current status of market fluctuations or downward movement of bitcoin and/or other altcoins is because we don't have enough confidence and knowledge on our selected coin. We easily get affected when we see dips or prices falling which is not right as a trader.

It is likely lack of knowledge and self confidence of crypto world that makes us weak in adapting crypto currencies. We must need to learn more about cryto's platform in-order to get lots of benefits that might it gives. Being knowledgeable about crypto's behavior will be able for us to handle the crisis patiently in behalf of its volatility and unpredictable behavior.

[Mpamaegbu]

Into the second page and almost 40 comments and suggestions made, yet no one sees "Lack of Regulation" as a problem for cryptocurrency?

Damn! What an oversight.


I think there should be mandatory KYC policy now to provide a bit of regulation that can help keep crypto scams and frauds at bay.

[tanghere02]

For me what we really lack in the crypto world would have to be knowledge about the cryptocurrencies. I think if everyone would have knowledge about using these cryptocurrencies then no one would use them negatively. And so we can pass it on to our kids and they could pass it to their kids as well in the future if it will last long, but of course knowledge would play a big role for cryptocurrencies to stay longer.

[fiulpro]

I think we lack regulatory system.. even if it's decentralized it Should have it's own system to take care of all the events like is some government is banning them they should go and try to solve and provide reason and improve and make laws for that country only .. this might sound stupid but you know not like some centralized body but more like the advocates of that currency .. it's important otherwise anyone can do anything we should have our own say too.

[davinchi]

Lack of confidence and idea. The reason behind more traders are getting scared on the current status of market fluctuations or downward movement of bitcoin and/or other altcoins is because we don't have enough confidence and knowledge on our selected coin. We easily get affected when we see dips or prices falling which is not right as a trader.

It is likely lack of knowledge and self confidence of crypto world that makes us weak in adapting crypto currencies. We must need to learn more about cryto's platform in-order to get lots of benefits that might it gives. Being knowledgeable about crypto's behavior will be able for us to handle the crisis patiently in behalf of its volatility and unpredictable behavior.

This isn’t about crypto or trading or investment, rather it is all about your life activities. Just tell me, if someone wants to get into something but he doesn’t know any basics about that particular thing, how he can get better results. Definitely these results would be ended in nothing. Learning is a compulsory element before taking proper start so don’t just miss that out.

[Kakmakr]

Into the second page and almost 40 comments and suggestions made, yet no one sees "Lack of Regulation" as a problem for cryptocurrency?

Damn! What an oversight.


I think there should be mandatory KYC policy now to provide a bit of regulation that can help keep crypto scams and frauds at bay.

No, No, No. We already have enough government interference. They want to get their little claws into every aspect of our lives and Bitcoin and other Crypto currencies was designed to reduce their impact on our lives. Bitcoin was made borderless and pseudo anonymous to give people more financial freedom, not to restrict it.

Why do you have to ask permission to move your wealth to another country? Why do the government need to know what you spend your money on? <Hookers / Booze / Lingerie for your 10 girlfriends?>

We will never be free from this "Police State" mentality, if we offer all our freedoms to them on a platter.

[LogitechMouse]

We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?

For me, this are the things crypto is lacking right now.

1. Lack of mass adoption - Yes, this is the most problem of crypto right now. Most probably because of the volatility nature of crypto, they are afraid to invest in it. Maybe most people in the world doesn't hear or even know the existence of cryptocurrency. We need a way to advertise cryptocurrency around the world. Social media is one. Conference is second and many more.

2. Lack of regulation - As posted by @kakmakr above, yes bitcoin was created to give people financial freedom and to prevent the use of banks but I also agree with @Mpamaegbu that the government must do some regulations in order for the scammers and fraudulent activities to be stop. Governments must involve themselves here in crypto but only in the fraudulent activities that the scammers are doing.

3. Technology - We accept it that most countries around the world cannot cope up with the current technology of some first world countries like Japan or USA. There are people around the world that doesn't have smartphone. Some areas especially the remote areas doesn't have access to internet.

There are many more I think but these are the most things crypto is lacking.

[Dodoymabs]

We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?

It's better to be this way because we can earn some good amount of money because it's a decentralized systems. Also, we can't avoid such incidents like its security because I still wonder why some situations there were cases about some hacking. Developers should improved more about the security level in order to avoid such incidents.

[patt0]

We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?

For me, this are the things crypto is lacking right now.

1. Lack of mass adoption - Yes, this is the most problem of crypto right now. Most probably because of the volatility nature of crypto, they are afraid to invest in it. Maybe most people in the world doesn't hear or even know the existence of cryptocurrency. We need a way to advertise cryptocurrency around the world. Social media is one. Conference is second and many more.

2. Lack of regulation - As posted by @kakmakr above, yes bitcoin was created to give people financial freedom and to prevent the use of banks but I also agree with @Mpamaegbu that the government must do some regulations in order for the scammers and fraudulent activities to be stop. Governments must involve themselves here in crypto but only in the fraudulent activities that the scammers are doing.

3. Technology - We accept it that most countries around the world cannot cope up with the current technology of some first world countries like Japan or USA. There are people around the world that doesn't have smartphone. Some areas especially the remote areas doesn't have access to internet.

There are many more I think but these are the most things crypto is lacking.

Well I understand what you are saying by lack of mass adoption, but I don't think that is something that is missing. That is simple a product of all the other things that we are missing at the moment. Once those issues are addressed, I'm sure adoption will follow normally.

I completely agree with the lack of regulation issue. This is a very important one in my opinion, because we all know the majority of people and big investors will only jump into crypto once it gets regulated. Until them this will be a very speculative asset, and most people will be afraid to risk an investment or adoption. This needs to be something for all, and not just the "fearless".

As for technology I do agree with you but not at the same level. I don't think not having a cell phone is a problem. Banks can't reach the population without infrastructure, and they need way more than a cell phone. So I think that crypto is well ahead of them, since it just needs internet access and a cell phone. Those things are easy to accomplish in most countries.

[boksoon]

This is an important question. Ill framed but important. What do we need for widespread adoption of block-chain technology and crypto-currencies.

Right now, the main things that we lack in crypto for widespread adoption is:

1.) Technology barrier for the average person is still quite high.
2.) Scaling solutions for micro-payments aren't deployed widely yet. The situation is worsened by all the false claims made by alt-currencies. Lightning Network is the only serious solution under testing that promises to solve micro transactions and allow for wider adoption.
3.) Lack of sufficient expertise among Governments to differentiate the good and the bad of crytpocurrencies.
4.) The biggest problem are the people who want to create elaborate scams using their knowledge and taking advantage of newcomers.
5.) Another problem is the newcomers who want to believe illogical claims and fall for these scams because they want to get rich without even knowing the system.

I think this more or less are the only barriers to full scale adoption.

There will be some governments that will support crypto currencies and will benefit from the subsequent generation of economic activity. The rest will have to follow suit. The most important thing is for the people to learn to decide for themselves and find out how to benefit from the opportunities and stay safe from the scams.

First of all guidelines for all newbies tutoring directly how to use of Bitcoin on  how to earn profit   is one of the biggest important for popularity of Bitcoin and reinbursment of stacks of Bitcoin if the account hacked by hacker or an IT expert make a special program to trace immediately the hacker.

[Idrisu]

The world has been praying for advancement in technology and that is what Blockchain technology has come to do and give us a decentralized financial and economical system. We are going to have in future a system that will simplified things for humanity.  P2p financial system and transactions alone do bring people confident into our society.

[gabmen]

The world has been praying for advancement in technology and that is what Blockchain technology has come to do and give us a decentralized financial and economical system. We are going to have in future a system that will simplified things for humanity.  P2p financial system and transactions alone do bring people confident into our society.

Well basically crypto education needs to step up for us to frow more. Many people only see bitcoin as something to make quick profit on which of course is not the case. Information about blockchain and what it can do for the future should be spread more to counter all these negative talks about crypto being a scam or a bubble