Any ideas of what we lack in crypto world?

[doomloop]

If we talk about the technical aspects, it is not enough of course a new and more correct distribution of coins, to spend such a lot of electricity for PoW in our time is bad for the planet and for people. PoS also does not bring anything good, since a large amount of coins can fall into bad hands and to some government.
If we are talking about fixed-issue tokens, they are usually in the wrong hands from the very beginning.

We need to understand why do we need blockchain? I see for myself only one use case as a check of integrity and immutability of data in the database.
As a cryptocurrency, it is still very unstable and not safe.

I may add  that blockchain is very young for use in economic purposes!

I think even young blockchain is enough to improve current economy situation. What the world is facing, only some technological innovation can save us and that has already happened.  We have very good options with us. Blockchain provides anonymity and security. Crypto currencies that use this technology can produce huge profits. These are enough for improving one’s financial standard.

[sirminesalot]

of course that makes cryptocurrency can have very high prices like this because cryptocurrency has a technology that is very useful for many people when they want to make transactions, so many payments become easier and more convenient when using because it does not spend too much time.

Crypto currencies are created using technological advances and times and that will be needed by everyone because technological advances continue to develop and of course with all the deficiencies will still appear for now the most fundamental drawbacks are the legality and security of crypto currencies I hope that the eyes of the eye crypto money will grow rapidly and all deficiencies will get repair

[jakoylantern]

For me, the lack we are looking at this rate is the economic lack / the 3rd world country that can't catch up to that kind of technology. Also, government approval, we know some reason why bitcoin is created to have an alternative payment system that no one can control. But some countries have a law and jurisdiction about there currency and other currency that was running to their state, and this is their primary reason.

[AjithBtc]

For me, the lack we are looking at this rate is the economic lack / the 3rd world country that can't catch up to that kind of technology. Also, government approval, we know some reason why bitcoin is created to have an alternative payment system that no one can control. But some countries have a law and jurisdiction about there currency and other currency that was running to their state, and this is their primary reason.

What's been mentioned is right, but different governments have their own economic policies. This can't be easily over written. To frame these policies it could have taken years and years. The cryptocurrency network is very young and new to the people as well the governing bodies. It takes time for research and do the right thing of legal approval for usage.

[Irvinn]

Perhaps I will say very unpleasant things for most cryptocurrency users, but I believe that for the further development of the cryptocurrency market there is not enough real control and regulation of the whole process so that the cryptocurrency does not meet any resistance from governments and state structures and has every opportunity for legal existence.  Of course, this view of the future has quite a few opponents, but I think that many will agree with my opinion.

[panganib999]

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?

We can't control how the government of each country will react and move against crypto for all of them has theur reasons and interests upon implementing things and putting restrictions. What we can do now is behaving properly so we can give positive impact to the crypto space because we are all affecting it and contributes to whatever happens within it. We lack knowledge about what are the proper things to do leading us to make wrong decisions that is higly affecting and driving the market up or down.

[Wintersoldier]

For me what is highly affecting cause of why some people or investors aren't entering the crypto space is the strong volatility of the market. What lacks in it is the consistency that a crypto could be for the investors to have an assurance on investing to a particular project. Secondly, when it comes to adoption and supporters, we couldn't say that it is not accepted widely, we already have the freedom to enter crypto in a way we want. Lastly, Some people says the crypto being unable to reverse the payment also considered a lacking in crypto. But for me, it is necesary for people to think first and become so sure that each and every transactions they made should be precise.

We could use this resource to figure out more: https://ccoingossip.com/advantages-and-disadvantages-of-cryptocurrency/

[WandererofCrypto]

Honestly stability above all else.

[Bitcoin Seller]

~snip

~snip

In addition to that, due to lack of education too, most people don't believe in crypto as they don't believe that this can be change the currency , they think that this is a big scam. Unless we introduce this to people and letting them know the benefit , I think that would help their perception.

For now people outside crypto world don't want to believe it because government didn't support crypto. and in addition too, that people don't want to believe it because of other country banning crypto and bitcoin. negativity is still spreading because of governments desires. but its still amaze me that there are projects who really spread crypto's uses and how they benefit it. but there are still lack of products and services that support crypto to use by people.

In my country, we have a lack of knowledge about cryptocurrencies. There are unfortunately 3 groups of people I know. The first one has never heard anything about Bitcoin and crypto. The second one consists of skeptics, who take BTC as at least a bubble. The third group includes people, who make money on crypto. Unfortunately, the 3rd one is less than 5% as I know. We need more information.

[barabarian1]

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.

I agree with you that all the reasons you mentioned are true. there are many things that block crypto and blockchain for mass adoption. First, not all countries in the world have good internet access. those who live in remote areas do not yet have internet access. secondly cryptocurrency is often used to commit crimes such as money laundering and fraud. so negative news about cryptocurrency makes people afraid to enter cryptocurrency.

[BennyK]

Crypto world lacks set bodies or regulations which run checks on project before they enter the market. Due to the lack of this, many scam projects are free to enter which leads many investors with losses. Also, cryptocurrency is not accepted by all the governments and this has been a hindering factor to the smooth progress towards mass adoption.

[Edraket31]

As of today, most countries doesn't agree yet in crypto world, so what we are lacking today is the support from our government, once we do have support from the government most people will trust Bitcoin and crypto world, they will begin to adopt it. People who doesn't have much knowledge about crypto needs guidance from our government, so one word will make them believe in it.

[huige007]

Honestly stability above all else.

That was short. But honestly don't you think that we don't need that at all especially when the main purpose of investors is to make money out of digital coins. If these coins will become stable then there is no way to become rich with the help of these. The more volatile an asset is, the more money it can return. Volatility is the reason due to which people were able to become millionaire.

[ufaiz50]

Certainly support from the government where we live. In the crypto world today, profit is important, we need a thought where we really support what is called digital currency and blockchain technology.

In other cases where governments can adopt blockchain technology. then by creating its own cryptocurrency as a payment tool. Because if the government still uses a decentral or global digital currency like bitcoin, this will be a conflict between the many countries that have adopted the technology blockchain.

[Sahyadri]

I think a bit of regulations on exchanges and new project wouldn't harm anyone. It will affect the decentralization aspect a bit but it will also provide the needed security to the people. Many people are wary of cryptos because of the lack of security of their funds. Though the security depends upon us only but little bit of regulations over exchanges will bring cryptos int he good books.

[tambok]

I think a bit of regulations on exchanges and new project wouldn't harm anyone. It will affect the decentralization aspect a bit but it will also provide the needed security to the people. Many people are wary of cryptos because of the lack of security of their funds. Though the security depends upon us only but little bit of regulations over exchanges will bring cryptos int he good books.

I think that regulations can have a good effect, as well as having a law to protect those investors, so that they can have something that can sue in case one project run away or turned to scam. As well as, we should unite as one in eliminating scam so people who were once victim of scam, will once again gain the trust for crypto. 

[supercanada1]

I think a bit of regulations on exchanges and new project wouldn't harm anyone. It will affect the decentralization aspect a bit but it will also provide the needed security to the people. Many people are wary of cryptos because of the lack of security of their funds. Though the security depends upon us only but little bit of regulations over exchanges will bring cryptos int he good books.

I think that regulations can have a good effect, as well as having a law to protect those investors, so that they can have something that can sue in case one project run away or turned to scam. As well as, we should unite as one in eliminating scam so people who were once victim of scam, will once again gain the trust for crypto. 

The investors of bitcoin are already having utmost protection from everyone. No one can track their asset, no one can seal away or snatch it. Bitcoin is the most secure asset on our planet. So there is no need of regulation. Nobody wants the law enforcing authority to get track of one’s assets. All holders enjoy the control and freedom that bitcoin has brought with it. Falling victim to scams can’t be protected by laws either.

[logicgate]

If we talk about the technical aspects, it is not enough of course a new and more correct distribution of coins, to spend such a lot of electricity for PoW in our time is bad for the planet and for people. PoS also does not bring anything good, since a large amount of coins can fall into bad hands and to some government.
If we are talking about fixed-issue tokens, they are usually in the wrong hands from the very beginning.

We need to understand why do we need blockchain? I see for myself only one use case as a check of integrity and immutability of data in the database.
As a cryptocurrency, it is still very unstable and not safe.

I may add  that blockchain is very young for use in economic purposes!

I think even young blockchain is enough to improve current economy situation. What the world is facing, only some technological innovation can save us and that has already happened.  We have very good options with us. Blockchain provides anonymity and security. Crypto currencies that use this technology can produce huge profits. These are enough for improving one’s financial standard.

   This is the reason why states whose economy was crumbling adopted crypto currencies and they are even trying to make it convenient for the public the usage of crypto currencies and that is why Venezuela has launched first ever bitcoin ATM. People need to understand that we live in smart world and no country can survive without adopting latest technologies especially if they are related to economy.

[airdnasxela]

What we are really lacking here is acceptance. If the government will accept cryptocurrency, they will make a move in order to fulfill what's other lacking like knowledge. If only the government will support crypto, they can include it in the curriculum so that students and millennials can learn and adopt cryptocurrency. If more people discover crypto, merchants will adopt to it. Making it an option for payments and such.
The only problem would be, non techy people and rural places. Well, it's not actually a problem since they can still choose not to adopt on it if they are not capable.

[cutesgirl]

If we talk about the technical aspects, it is not enough of course a new and more correct distribution of coins, to spend such a lot of electricity for PoW in our time is bad for the planet and for people. PoS also does not bring anything good, since a large amount of coins can fall into bad hands and to some government.
If we are talking about fixed-issue tokens, they are usually in the wrong hands from the very beginning.

We need to understand why do we need blockchain? I see for myself only one use case as a check of integrity and immutability of data in the database.
As a cryptocurrency, it is still very unstable and not safe.

I may add  that blockchain is very young for use in economic purposes!

I think even young blockchain is enough to improve current economy situation. What the world is facing, only some technological innovation can save us and that has already happened.  We have very good options with us. Blockchain provides anonymity and security. Crypto currencies that use this technology can produce huge profits. These are enough for improving one’s financial standard.

   This is the reason why states whose economy was crumbling adopted crypto currencies and they are even trying to make it convenient for the public the usage of crypto currencies and that is why Venezuela has launched first ever bitcoin ATM. People need to understand that we live in smart world and no country can survive without adopting latest technologies especially if they are related to economy.

People have use smart currency at the future to keep inflation each transaction made, many people do not believe with their cash money have lower value at the future and must change their payment way with bitcoin as currency without inflation, people remember with their money value with last five year can buy with many kind but after inflation value of cash money make lower price and can't buy with the same thing like last five years.