isidrorex
Newbie
 Offline
Activity: 210
Merit: 0
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May 10, 2018, 02:48:08 PM |
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For me , what is lacking in our crypto world today is the lack of knowledge to the public especially the ones who have really no idea when they hear the word "Cryptocurrency" or "Bitcoin". In my own experience, before I left my previous workplace in an Insurance Company, me and my co-workers including my boss has a healthy talk about Bitcoin since that was the time I already had some knowledge about cryto and they were trying to say to me that Bitcoin is just a SCAM and I can't have any profit out of it and I was trying to explain my side. So you see, many people are still clueless about crypto and/or they just don't realize the future is in crypto currency and they have to be open-minded that our world is changing so we have to adapt change.
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BartS
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May 10, 2018, 03:47:25 PM |
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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?
There are basically two problems with cryptocurrencies that are delaying adoption, the first one is that cryptocurrencies are not as convenient and easy to use as fiat, not only that people are not used at all to be completely responsible for the fate of their money, they are used to delegate that responsibility to someone else and as such it is very likely that we are going to see a lot of hacks if adoption grows, and the second problem is that if we want adoption to happen all over the world then the fees and the speed of transactions need to improve. |
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Rossy Akbar
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May 10, 2018, 04:04:11 PM |
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First if all I think we need to prove that bitcoin was the best cryptocurrency to the people, and we need to make sure that the people hasn't get anything wrong with bitcoin like bad news or something. We need to prove also that in bitcoin we can easily earn some money if we know how to do it, it's just like to make people more interest about it.
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5ensei
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May 10, 2018, 04:10:23 PM |
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What we lack is simplicity compared to regular cash and card payments. With credit cards offering touch payments it is quick and easy compared with bitcoin and other crypto. Also, the fluctuations make it hard to price goods in crypto currency, and you don't know if you're going to overspend or under due to daily prince swings.
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Shenzou
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May 10, 2018, 04:22:58 PM |
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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?
Probably the most that cryptocurrency lacks these days is investments, cryptocurrency is still new and many people don't yet know about it, and for it to become adaptable as a payment method needs places where you can actually spend it, and this is thing that is slowly startting to improve as we see the blockchain technology being used in many other fields through ICo that have been launching left and right, one important thing that cryptocurrency lacks is scalibaility, as we saw with bitcoin as soon as the network was seeing some high traffic transaction started taking a long time to get verified and miner fees got really high, which affects micro payments and small transaction which are important to adopting cryptocurrency as a payment method. |
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hiroshima786
Newbie
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Activity: 25
Merit: 0
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May 10, 2018, 05:07:57 PM |
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Many people still don't know about crypto coins.What kind of money can be used in this work?Many of these knowledge how are still limited to what is available from this currency.They needs to take some special steps to properly teach and curb these crypto coins.
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oegarod
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May 10, 2018, 05:11:59 PM |
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Very few times I have felt bitter about using bitcoin. Those incidents used to take place when I got scammed as well when I lost through web hack. Later understood, it was my fault of being careless. I feel myself happy with bitcoin as well other digital currencies, because at present very small percentage of the population around the globe is aware about such a technology evolution.
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Rinsend
Sr. Member
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Activity: 784
Merit: 262
AZBI NETWORK - Multichain system
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May 10, 2018, 05:12:27 PM |
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What is dangerous here is that, if your bitcoin CryptoCurrency is exposed to malware, then the bitcoin in the wallet can be hacked by irresponsible people. The risk of accidental erasure is also vulnerable to be experienced by the owners of bitcoi so that when it happens it can not be traced to where the loss.
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usekevin
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May 10, 2018, 06:55:44 PM |
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After this year start ,some country ban the bitcoin and some of them had regulate the bitcoin.From my point of view , regulation of bitcoin in a country is good one.Because ,if bitcoin is regulate in a country.All the rich people start to inverse their money in bitcoin with out any fear of loss . Regulation gives the extra power to bitcoin.
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budz0425
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May 10, 2018, 07:03:55 PM |
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After this year start ,some country ban the bitcoin and some of them had regulate the bitcoin.From my point of view , regulation of bitcoin in a country is good one.Because ,if bitcoin is regulate in a country.All the rich people start to inverse their money in bitcoin with out any fear of loss . Regulation gives the extra power to bitcoin.
Some still stick in banning bitcoin, some may ban bitcoin too, but bitcoin is inevitable so there is no sense for banning it, it won't affect the value of bitcoin to some people and the demand would not decrease but rather increase as the time is passing by. |
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Xenoph0bia
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May 10, 2018, 07:27:02 PM |
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The thing we majorly need from the crypto world is accessibility from all parts of the world. Currently as the cryptos are decentralised and not bound to any rules and regulations makes them feared and hence banned in many of the countries. To achieve a digital, cashless society the coins need to be widely accepted.
Also, coins like bitcoin need to attain stability if it has to head towards being a mainstream currency, as a unstable currency shows a weak economy. The coin is too volatile currently to be a primary currency right now. So, these things have to be rectified for a better future for the cryptos.
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Anait
Member
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Activity: 218
Merit: 11
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May 10, 2018, 07:44:06 PM |
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What we lack in the crypto world so far is the usage. We haven't got the direct usage opportunity similar to the centralized currency. When this happens, automatically the circulation will increase leading to growth. Maybe this takes little longer time, but it is achievable.
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zero9119
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May 10, 2018, 10:21:10 PM |
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Many people still don't know about crypto coins.What kind of money can be used in this work?Many of these knowledge how are still limited to what is available from this currency.They needs to take some special steps to properly teach and curb these crypto coins.
The knowledge of cryptocurrency in this investment area is very important, you can not succeed without understanding it. Do not rush to invest when you do not really understand the market, take the time to learn from experienced people and the internet before investing. |
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gilangIDR
Legendary
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Activity: 1526
Merit: 1001
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May 10, 2018, 10:34:17 PM |
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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?
Government recognition is something that can change the world of crypto significantly. Yes we are waiting for that because then the circulation and utilization of cryptocurrencies will be very good. Government support can make the crypto grow and it is certain that the future of the world is a digitalization. |
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Quidat
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May 10, 2018, 10:41:29 PM |
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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?
There are basically two problems with cryptocurrencies that are delaying adoption, the first one is that cryptocurrencies are not as convenient and easy to use as fiat, not only that people are not used at all to be completely responsible for the fate of their money, they are used to delegate that responsibility to someone else and as such it is very likely that we are going to see a lot of hacks if adoption grows, and the second problem is that if we want adoption to happen all over the world then the fees and the speed of transactions need to improve. Not only that.We should include the one of the reason why adoption rate is way too slow specially on traditional people who do only knew about local fiat which wont easily entrust crypto therefore considering its technology isnt really too rampant on non techy persons and for those who have only awareness into technical aspects will do have only the chance to adopt. |
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Nasty23
Full Member
Offline
Activity: 736
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
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May 10, 2018, 10:41:55 PM |
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The thing we majorly need from the crypto world is accessibility from all parts of the world. Currently as the cryptos are decentralised and not bound to any rules and regulations makes them feared and hence banned in many of the countries. To achieve a digital, cashless society the coins need to be widely accepted.
Also, coins like bitcoin need to attain stability if it has to head towards being a mainstream currency, as a unstable currency shows a weak economy. The coin is too volatile currently to be a primary currency right now. So, these things have to be rectified for a better future for the cryptos.
Yes the accessibility of it all over the world should be considered and improved so that every people can be use the cryptos even those people who are in far places from the city so that the government can be able to adopt it and make a rules to improved the use of it in the community and the citizens can be easily accepted it as a mode of payment for their daily living on which can help their lives to be improved. |
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yoseph
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May 10, 2018, 10:46:11 PM |
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What we lack in the crypto world so far is the usage. We haven't got the direct usage opportunity similar to the centralized currency. When this happens, automatically the circulation will increase leading to growth. Maybe this takes little longer time, but it is achievable.
We certainly need more people expressing interest in cryptos and before we can come to that, we should make sure we can educate people who have no idea about cryptos so that they can know the importance that they have by investing into Bitcoins. |
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Hube950
Newbie
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Activity: 114
Merit: 0
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May 10, 2018, 11:52:50 PM |
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I think one of the things we lack in crypto world for now is enough awareness to the outside world pushing out the gospel about the goods about being a crypto trader. Most people have negative vibes about cryptocurrency. Most adverts are usually about ICOs/Tokensales. I know when there are more people accepting this new form of digital banking, there would be more room for healthy competitions similar to the normal banks we have around us
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Nissan-GTR
Full Member
Offline
Activity: 339
Merit: 102
The Exchange for EOS Community
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May 11, 2018, 02:37:57 AM |
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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?
I guess thats true, well we can be functional in certain thing if we will know this forum very well, I think enough knowledge regarding things on this blockchain cause we will not going to be productive if we are just predicting everyrhing that we wanted to do, I guess thats very important, some research for you to become familiar how this forum works and thats for yourself as well as for you toshare it to other people. |
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emezh10
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May 11, 2018, 05:31:36 AM |
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Bitcoin needs more support for it to develop and to improve its system in terms of transaction and price development. When it comes to support having the right information for people to have is the key for them to used bitcoin in the first place so it could be better to have a better way of learning for us to be informed on the good things about bitcoin and other cryptocurrencies so that we could used it in trading, investments and transactions.
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