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Author Topic: What do you believe is needed for crypto currencies to be mass adopted?  (Read 429 times)
quantumcat
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March 09, 2018, 02:58:52 PM
 #1

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

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March 09, 2018, 03:18:07 PM
 #2

- a high security system is indispensable, it is a free market and there is no legal protection under its control. If security is more secure, then it is more calm and new people more interested
- Sportifitas, no more scandalous news stories.
- indirectly, consumptive. age limit for BTC users. You know this is too risky if it is played by a schoolchild (not a colleger).
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March 09, 2018, 03:31:08 PM
 #3

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Holding is one of the things needed for mass adoption! Many of us here used bitcoin as a stocks and not as a means of payment for goods and services. Bitcoin will be adopted by big financial institutions if it price is stable and that is why we need to create that stability by holding what we have and not sell them. When you sell you are contributing to the volatile that affect mass adoption.
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March 09, 2018, 04:13:05 PM
 #4

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Bitcoin needs to work as a currency that's what we really need not many people are going to put their money bitcoin if it is just a high risk investment, after all how many people are investing in those kind of products not many I suppose, but everyone needs to use currency from the richest man in the world to the poorest so until bitcoin is able to satisfy that condition then we cannot get mass adoption.



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March 09, 2018, 04:19:44 PM
 #5

Bitcoin needs more flexibility and wider coverages, and with more social media promos. Bitcoin is here to stay and at that bitcoin will become the world first cryptocurrency and universally accepted digital currency for online payment. An assets and a great investment.

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March 09, 2018, 04:22:28 PM
 #6

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Bitcoin needs to work as a currency that's what we really need not many people are going to put their money bitcoin if it is just a high risk investment, after all how many people are investing in those kind of products not many I suppose, but everyone needs to use currency from the richest man in the world to the poorest so until bitcoin is able to satisfy that condition then we cannot get mass adoption.
But in order to be able to use bitcoin as a currency, you need instant confirmation of the transaction. It is also very important that the transaction price corresponds to the amount. Now we pay the same amount for the transaction. In order to save money, people have to transfer a large amount of bitcoins to Fiat and only then make small purchases. In such circumstances, bitcoin will never be a currency.
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March 09, 2018, 04:54:38 PM
 #7

Bitcoin needs more flexibility and wider coverages, and with more social media promos. Bitcoin is here to stay and at that bitcoin will become the world first cryptocurrency and universally accepted digital currency for online payment. An assets and a great investment.
Bitcoin has the problem of high power consumption an no utility of the block chain other than bitcoin itself. That is something other currencies might leverage to their advantage.

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March 09, 2018, 04:55:34 PM
 #8

Have only seen the png and not read the pdf but is this an alt? You think anyone with a standard notebook can mine it, since if it can then that might be a way to attract users.

Anyway, aside from the speed of transaction, a large reason why people flock to a crypto is speculation, which drives up the demand and depending on how many coins are being produced, can increase the value of each coin.

 
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March 09, 2018, 05:03:41 PM
 #9

you haven't asked the most important question - mass adopted as what?

if it's mass adoption as a payment method then a crypto will have to be inflationary, not deflationary. no one will ever use something deflationary if they have an alternative and most people do. bitcoin has failed in this regard and everything else deflationary will too.

if it's mass adoption as a store of value then we need better exchanges, clearer positions from regulators and governments and more foolproof ways to store it.

no one cares about power consumption regardless of the use case. that's a problem for the miners and they'll solve it.
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March 09, 2018, 05:34:00 PM
 #10

I have not been too detailed to know the quantum excess.but I see they have great potential. with features that have provided high quantum transaction speed with good security. they will maintain the quality of their products for the users. because data security is very important to avoid data theft from the quantum evil will give you the solution, and hopefully quantum will answer everything you want.

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March 09, 2018, 05:37:56 PM
 #11

IMO for bitcoin to be mass adopted and be appealing to the average people, strong but not atiff regulations should be imposed in orther for them to gain confidence in using or storing bitcoin. Out of all the people I asked, especially friends and colleagues, one of the main reasons why they are scared to get in to crypto is because there are no safety nets in case bitcoin stumbles, and government intervention and authority over crypto is what they feel would work out as a net, though that wouldn't save them from a failed investment.

 
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March 09, 2018, 05:45:17 PM
 #12

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?


for crypto currency's to be accepted as a currency or mode of payment, it should be first recognized and should be legalized by by diff countries considering that they already studied and have set measures that would be beneficial not only to the gov but also to protect each individual who's using it, then i think that would be the time other countries will follow and crypto will be recognized to be adopted by every individual.
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March 09, 2018, 05:47:56 PM
 #13

IMO for bitcoin to be mass adopted and be appealing to the average people, strong but not atiff regulations should be imposed in orther for them to gain confidence in using or storing bitcoin. Out of all the people I asked, especially friends and colleagues, one of the main reasons why they are scared to get in to crypto is because there are no safety nets in case bitcoin stumbles, and government intervention and authority over crypto is what they feel would work out as a net, though that wouldn't save them from a failed investment.

So to migrate to a decentralized financial system they feel like it should have some centralization before?
This way we would be using something very similar to fiat.

Maybe that is indeed what the masses want. People aren't prepared for a decentralized financial system yet, so they won't be part of it unless it become centralized. I believe that is the main point, power consumption's story is just a hype created now to have something else negative to say about Bitcoin.

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March 09, 2018, 05:52:39 PM
 #14

IMO for bitcoin to be mass adopted and be appealing to the average people, strong but not atiff regulations should be imposed in orther for them to gain confidence in using or storing bitcoin. Out of all the people I asked, especially friends and colleagues, one of the main reasons why they are scared to get in to crypto is because there are no safety nets in case bitcoin stumbles, and government intervention and authority over crypto is what they feel would work out as a net, though that wouldn't save them from a failed investment.

That's interesting. I have also asked a few friends about Bitcoin and it turned out that they believe that using Bitcoin is quite complicated. I guess they wouldn't have any problems with using a web wallet but I don't think that Electrum or other wallets are difficult to understand. Most of them now have newbie friendly interface and descriptions. They will eventually have to learn how to use them.

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March 09, 2018, 05:56:11 PM
 #15

Faster transactions and make everything a lot more simple. Right now for a non technical person it is hard.
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March 09, 2018, 05:58:17 PM
 #16

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?


for crypto currency's to be accepted as a currency or mode of payment, it should be first recognized and should be legalized by by diff countries considering that they already studied and have set measures that would be beneficial not only to the gov but also to protect each individual who's using it, then i think that would be the time other countries will follow and crypto will be recognized to be adopted by every individual.
Such people are a trouble for bitcoin. It will never be popular if people look for an opportunity to earn and exchange for Fiat. We must move away from Fiat and show by example that the use of bitcoin is a more equitable distribution of capital. Banks will not have control over our savings. They will always be protected against inflation.
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March 09, 2018, 06:43:59 PM
Last edit: March 09, 2018, 09:50:45 PM by quantumcat
 #17

Faster transactions and make everything a lot more simple. Right now for a non technical person it is hard.
Micro signatures is the way forward, that is way we do it:)

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March 09, 2018, 10:33:10 PM
 #18

First of all people should understand crypto and accept it. it is difficult to come up with some additional tools, it remains only to wait for people to accept the very idea of money that does not depend on the state.
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March 09, 2018, 11:56:42 PM
 #19

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Probably the most needed thing for cryptocurrency to become accepted and adopted as a pyament method in almost every country, it would have to be the constant and unstable price, because think about it for a minute, if you buy somthing worth 10$ right now tomorow it might become 15$, and the same goes if you are selling somthing for cryptocurrency, it won't be profitable for all members of a trade that is why most of the crypto and bitcoin owners don't use them for buying stuff they just hold it.

 
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March 10, 2018, 01:53:00 AM
 #20

I believe that a company needs to focus on bringing the majority of people into the crypto space. That's why I believe in this ICO: https://bitcointalk.org/index.php?topic=3085831.msg31823480#msg31823480
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March 10, 2018, 09:07:54 AM
 #21

First of all people should understand crypto and accept it. it is difficult to come up with some additional tools, it remains only to wait for people to accept the very idea of money that does not depend on the state.
Maybe schools should teach crypto  Grin

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March 10, 2018, 04:51:54 PM
 #22

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Bitcoin needs to work as a currency that's what we really need not many people are going to put their money bitcoin if it is just a high risk investment, after all how many people are investing in those kind of products not many I suppose, but everyone needs to use currency from the richest man in the world to the poorest so until bitcoin is able to satisfy that condition then we cannot get mass adoption.
But in order to be able to use bitcoin as a currency, you need instant confirmation of the transaction. It is also very important that the transaction price corresponds to the amount. Now we pay the same amount for the transaction. In order to save money, people have to transfer a large amount of bitcoins to Fiat and only then make small purchases. In such circumstances, bitcoin will never be a currency.
You are correct but at the same time that is precisely why the developers are working on the lighting network they know very well that if bitcoin does not become a currency then the project will fail this is why they did everything to get segwit approved and activated, so once again the only thing we can do is to wait and see if the lighting network will work as intended.



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March 10, 2018, 04:56:03 PM
 #23

People need to be able to use it in their daily lives. That's why the move in Arizona to allow people to pay their taxes in cryptocurrency is so important. Once you have an ecosystem where you can pay for everything in crypto, there is no need for exchanges to convert to fiat at all.

 
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March 10, 2018, 05:06:13 PM
 #24

Like everyone else here, I want bitcoin to be fully utilized and adopted to it's full capacity and
potential. It's been a very long and challenging journey but has proven to be most pleasurably
rewarding. We must also understand the change bitcoins has done and the change that bitcoin
has undergone. We want it as a currency considering it's far more than that. We want it adopted,
despite it's issues with authorities. The best thing for it to be fully adopted is regulation, it's an
unlikely statement but it may be the only way to make it work with government assistance and
approval.
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March 10, 2018, 05:13:59 PM
 #25

People need to be able to use it in their daily lives. That's why the move in Arizona to allow people to pay their taxes in cryptocurrency is so important. Once you have an ecosystem where you can pay for everything in crypto, there is no need for exchanges to convert to fiat at all.
Why would you move to Arizona? There is Internet access. It will take time and bitcoins will be accepted for payment in any online store. It seems to me that you want to have it all. It does not happen. Cryptocurrency will develop in an evolutionary way. Even the consciousness of the cryptocurrency community is not yet ready for this.
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March 10, 2018, 05:33:40 PM
 #26

Its a catch 22 situation.

With more adoption there may be more introduction of control and regulation
by governments and banks. With more usage banks will become more threatened
and so they will move to block fiat flowing in and out of crypto.

For the lovers if high value crypto more adoption is a must.
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March 10, 2018, 05:42:54 PM
Merited by buwaytress (1)
 #27

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

You have spoken about the technology side in your thread. It certainly needs higher amount of data transaction and speed, lower power consumption and stronger security. But then what? What to do with lightening fast speed and strongest security if there is no market? So let me talk about the economical perspective here,

1. Market for crypto currency:
It is the main thing needed for a crypto currency to survive and thrive. Today, we have a massive online market of crypto currency where people are are buying and selling it, but when we look at the goods and services market, we see a big blank space. We have a very few options where we can use our crypto currency for regular purchase of goods and services. Whatever small options we have, that is too restricted by countries. So we need our merchants to accept crypto currency for a healthy crypto ecosystem. Here technology can bridge the gap currently exists.

2. Regulations:
It might sound awkward but it is true. Regulation can make the crypto market shine like a moon. Over 90% of the world population are very conservative about their finances. These percentage of population would not try anything new in their entire life if that particular thing is not approved and regulated by their government. The statistics looks shocking but it's true. The members of these community don't come under this percentage hence it will be hard to digest, but try talking to your grandparents about crypto currency and ask them to invest in it, you will understand the fact. If crypto currency is adopted and regulated by a majority of the government, the entire market dynamics will change for better.

There are other factors as well. However, these two are the basic factors which will help crypto currency to be adopted by the common mass. Obviously we can't think anything less about the technological aspect of it because we will need to infrastructure to support this market and technological advancements is the only we can achieve that.  

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March 10, 2018, 05:47:12 PM
 #28

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Don't you think its a little too much to ask? Stronger security? Updates should be fine to do.
High amount of data transaction? There are transaction involving thousands of bitcoins,what are you talking about?
Speed? Well at one point,yes there were a huge amount of unconfirmed transactions in the mempool,but segwit adoption and the massive fee reduction,as helped. Your transaction now gets confirmed in the very next block,in most of the cases at least.
Lower power consumption? Well,that's a con in bitcoin,and we all have to deal with it. Unless comes a great innovative solution.
Other than that,bitcoin is not that of a eco-friendly concept as,in related to your lower power consumption idea,so I'd really love to see bitcoin to be economic friendly.


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March 10, 2018, 10:53:38 PM
 #29

What I think is essential for bitcoin to be widely accepted by a lot of countries is stability in value. When the value is stable a lot of people, investors and even heads-of-state would be enticed or compelled. Anotger is reaching a very high market value that they cannot ignore bitcoin's abd other cryptocurrencies' market power anymore.
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March 11, 2018, 12:31:00 AM
 #30

Government recognition is a actually a big factor. At the same time the mainstream media should ptoperly inform priple ehat cryptosystems is all about. People's impression about bitcoin should be change, more people will pay interest on it once majority found out the future of bitcoin might bring.

Once all are well informed, the next step woukd be partnership of different institutions. This would allow to use bitcoin as a form of payment in their kind of service.
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March 12, 2018, 07:07:11 AM
 #31

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Bitcoin needs to work as a currency that's what we really need not many people are going to put their money bitcoin if it is just a high risk investment, after all how many people are investing in those kind of products not many I suppose, but everyone needs to use currency from the richest man in the world to the poorest so until bitcoin is able to satisfy that condition then we cannot get mass adoption.
Bitcoin or any other crypto currencies that exists currently is not suitable for being a currency cause of the volatility in the price of the coins. The only time when a crypto will act as a currency is when it will be centralized and made by the government. Government wont allow some decentralized crypto to be used as a currency which is volatile in market and can disturb the whole economic of the country and also the international trade markets.

Cryptos will only be used as an asset and nothing much, the point is about mass adoption, which is also possible even if cryptos are considered as an asset. Gold is an asset, but it has mass adoption. In the same manner crypto will have too.
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March 12, 2018, 07:18:05 AM
 #32

Its a catch 22 situation.

With more adoption there may be more introduction of control and regulation
by governments and banks. With more usage banks will become more threatened
and so they will move to block fiat flowing in and out of crypto.

For the lovers if high value crypto more adoption is a must.
As for me the first thing to do in order that crypto currencies will be mass adopted in a society is that all establishment like grocery store, gas station, department store and any others that are mostly access by the people that they have to accept bitcoin or any crypto currency as mode of payment, but i can't think how it does since the government does not want that they have no collection for the tax as we know that crypto currency is a decentralized system.

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March 12, 2018, 10:05:38 AM
 #33

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Holding is one of the things needed for mass adoption! Many of us here used bitcoin as a stocks and not as a means of payment for goods and services. Bitcoin will be adopted by big financial institutions if it price is stable and that is why we need to create that stability by holding what we have and not sell them. When you sell you are contributing to the volatile that affect mass adoption.
Holding is not at all needed for bitcoin and other crypto currencies to attain mass adoption. Holding just reduces the trade volumes. Instead, people buy use crypto currencies as much as they can just as any other regular fiat money.

That will increase the trade volume and also affect prices in some manner, but moreover it will let people know how much demand there really is in the market for crypto. Holding is like investment, but if we need mass adoption, people must make use of virtual money.

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March 12, 2018, 12:52:35 PM
 #34

As for me the first thing to do in order that crypto currencies will be mass adopted in a society is that all establishment like grocery store, gas station, department store and any others that are mostly access by the people that they have to accept bitcoin or any crypto currency as mode of payment, but i can't think how it does since the government does not want that they have no collection for the tax as we know that crypto currency is a decentralized system.
Thay can collect tax with it in anyway they want(although indirectly) as everything purchased have 12% of vat in it and companies that accept crypto as payment are obliged to pay their due tax to continue their operations. They will get tax from a decentralized system although it is lesser than what they get from the current centralized way of paying. For it to be mainstream, IMO many countries need to establish a regulation law first and tax law regarding cryptos.
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March 12, 2018, 01:16:48 PM
 #35

First of all people should understand crypto and accept it. it is difficult to come up with some additional tools, it remains only to wait for people to accept the very idea of money that does not depend on the state.
Maybe schools should teach crypto  Grin

Don't need, it's easy to have knowledge if you want to know what it is and how it's work. In social media is the biggest way to know what is CryptoCurrency, like Instagram, Twitter, Facebook and YouTube they can get a lot of information if they really want to learn it.

 
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March 13, 2018, 04:54:18 AM
 #36

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
The important factors that are needed for crypto currencies for mass adoption are :
1.   High transaction speed
2.   Low of no transaction fees
3.   High scalability
4.   High liquidity
5.   High privacy
6.   High security
7.   Less power consumption
8.   Technology to solve real world problems.
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March 13, 2018, 05:22:19 AM
 #37

Bitcoin needs more flexibility and wider coverages, and with more social media promos. Bitcoin is here to stay and at that bitcoin will become the world first cryptocurrency and universally accepted digital currency for online payment. An assets and a great investment.
Yes, for mass adoption bitcoin needs promotion from media and government, so that people that were afraid of digital world so far can trust it and blend in with other people. Also if bitcoin is to aim towards mass adoption, it will have to solve its main issue that is scalability, liquidity, transaction speed and transaction fees.

When these four will be solved, bitcoin will be ready for mass adoption. Also the volatility of bitcoin must be bought a bit under control for people to trust the coin.
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March 13, 2018, 07:12:28 AM
 #38

You will get mass adoption when Bitcoin solves problems :

~ When Bitcoin is more secure than other online payment options.
~ When Bitcoin is cheaper than other payment options.
~ When it is a good store of value/wealth.
~ When the price is stable and less volatile for merchants.
~ When it is borderless
~ When it is not controlled by a centralized authority.
~ When it is reliable. <available 24/7>

Bitcoin cannot be all of this at once, so people will use it differently, depending on what their specific needs are. Even if only 2 or 3 of these requirements are met at the same time, then Bitcoin has succeeded for many people.

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March 13, 2018, 07:18:49 AM
 #39

Add a lot of options and or at least advertise it more and allow the big establishments to accept bitcoins as a mode of payment.  In our country, bitcoins have not yet penetrated in the market to the middle-class citizen so the acceptance is not yet popular at least.   Maybe, 2 to years when the people are ready to accept it...

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March 13, 2018, 08:11:02 AM
 #40

Actually  all of those statement above is true .  But for me i think the most important  thing to have a mass adoption in  crypto currencies is   to advertise/promote it on public through good ways rather than spreading false information about it 'cause that is common reason why some of the investors declined crypto due to different thoughts and doubts about it.  
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March 13, 2018, 08:52:27 AM
 #41

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

In my own opinion, I think that the most important thing for implementing using of crypto currency is by having it's stability value in the market, therefore the people doesn't feel doubtful while engaging to this system. I think the main reason why it's not yet totally adopted by other people is just because they felt to this system that it has a less security and unsafely storage of their money because it's full volatility in the market. Some people are much wiser and smarter that's why they don't undergo in somethings more risky.

 
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March 13, 2018, 09:12:42 AM
 #42

2. Regulations:
It might sound awkward but it is true. Regulation can make the crypto market shine like a moon. Over 90% of the world population are very conservative about their finances. These percentage of population would not try anything new in their entire life if that particular thing is not approved and regulated by their government. The statistics looks shocking but it's true. The members of these community don't come under this percentage hence it will be hard to digest, but try talking to your grandparents about crypto currency and ask them to invest in it, you will understand the fact. If crypto currency is adopted and regulated by a majority of the government, the entire market dynamics will change for better.

There are other factors as well. However, these two are the basic factors which will help crypto currency to be adopted by the common mass. Obviously we can't think anything less about the technological aspect of it because we will need to infrastructure to support this market and technological advancements is the only we can achieve that.  

That's right! Think about mass adoption and then think about the masses. Even the few who can discern technology will not necessarily make that a priority when choosing to use tech. Regulations will actually go a long way to convincing people that it's safe to be involved, it'll certainly win over one or two generations before us. But I feel that our current generation and the ones after us will have lost their appetite for regulations. Certainly we have a huge appetite for risk.

You mentioned economic factor and I believe the biggest obstacle seems to be price volatility. I can use a certain amount of coin today to bet on football, pay a bill, buy a TV subscription, and I know almost for sure I'd need more or less coin tomorrow, next week, next month, to do the same thing. I think there's little we can do to change that. As bitcoin matures, it should become less volatile (but I suppose if regulation can help with that...).

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March 13, 2018, 09:48:15 AM
 #43

For my own idea, the main reason that should be needed for the total mass adaptation of bitcoin are all about safety and security to all users. It is all about the one hundred percent total trust of people who accessed bitcoin. Because when time comes that some of us victimized by some hackers and scammers, we cannot file a legal complain against those person who victimized us. And we all know that all people here joined bitcoin business are all secrets profile, and no one knows whose that people really is. That's why many personalities who takes advantage like hackers and scammers because of secret identity in this business. So, for me, I would better agree if bitcoin creator implements a transparency transactions to those people who participates different transaction in bitcoin. But only limited display of transparency transactions, only between the persons who deals their transactions. In order to minimize scammers and hackers.
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March 13, 2018, 09:59:15 AM
 #44

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

Bitcoin needs more quality publicity. Very many people, especially in developing countries, have never heard of Bitcoin at all. And if they did, they do not understand what kind of phenomenon it is. Therefore Bitcoin also needs a correct interpretation. Information about crypto currency must be presented clearly and as simply as possible. And it is also necessary to emphasize the positive consequences of using cryptos both for each individual and for society as a whole. When people see exactly what they can benefit from this or that project, they begin to be interested in it.
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March 13, 2018, 10:05:42 AM
 #45

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Holding is one of the things needed for mass adoption! Many of us here used bitcoin as a stocks and not as a means of payment for goods and services. Bitcoin will be adopted by big financial institutions if it price is stable and that is why we need to create that stability by holding what we have and not sell them. When you sell you are contributing to the volatile that affect mass adoption.



I do think that it's more popular ... Due to it's volatile nature.. people invest in it because of huge gain that they can accumulate from it.. I don't think that it's.. anyways gonna be used as a currency because fiat system has it's own advantage..that.. are ... More than Bitcoins.

For Mass adoption I do think that what's important is.. ! Government ** regulation ** not ban !..



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March 13, 2018, 10:15:19 AM
 #46

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

We need very simple thing to run this business in greener way. That's : Investment and Faith of investors. If we have all these then I'm pretty sure nothing is impossible in the world of crypto currency to keep up the pace of bitcoin. Investment is needed to make the bitcoin develope more and more through the time and to have to valued higher than the other currencies. Obviously to maintain this customer base or investor base per say I believe we need faith on the bitcoin. This is because we don't want to loose them up during the worst phases of the bitcoins. We see them often so we don't wanna get its bad impression.
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March 13, 2018, 11:08:46 AM
 #47

Some companies are building their own cryptos and some are beginning to accept Bitcoin and Ethereum. I think as smartphones become more and more advanced and when implants become more common, that is when credit cards and cash significantly disappear and more people will consider cryptos due to it's simplicity and security advantage over fiat.

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March 13, 2018, 12:20:27 PM
 #48

There so many thing needed to be done for crypto currencies in other for it to be mass adopted but I will mention the few and most important.
Stuck and limit of crypto transaction per seconds was the reason why some site like amazon don't accept crypto as payment and I believe if the crypto can take thousands per second, low network fee and transaction don't stuck. I believe a lot of people will come in into the crypto business/world.



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March 13, 2018, 01:09:39 PM
 #49

Encrypted digital currency is accepted by the public, the first choice needs the government's support!

If the cryptocurrency becomes a public payment method, its value must follow the BTC. To solve cryptocurrency and BTC conversion!
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March 14, 2018, 05:34:21 PM
 #50

Its a catch 22 situation.

With more adoption there may be more introduction of control and regulation
by governments and banks. With more usage banks will become more threatened
and so they will move to block fiat flowing in and out of crypto.

For the lovers if high value crypto more adoption is a must.
There is always some way out of those situations, right now we are in some sort of equilibrium with the banking industry but if that were to be lost then one side could destroy the other or at least damage it, bitcoin is very resistant it is very difficult to imagine something that could destroy it, however the economic system is very frail and at some point it will crash it doesn't matter if it happens tomorrow or in 50 years it will happen and when that occurs then they will be unable to block crypto.



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March 15, 2018, 10:31:24 AM
 #51

First of all people should understand crypto and accept it. it is difficult to come up with some additional tools, it remains only to wait for people to accept the very idea of money that does not depend on the state.
Maybe schools should teach crypto  Grin

Knowledge always helps people making their right choice. You are right - if Bitcoin is taught in schools, more persons will understand how it is important.
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March 15, 2018, 11:10:10 AM
Last edit: March 15, 2018, 12:22:56 PM by Kingofbitcoin12345
 #52

Mass adaptation of cryptocurrency in the world is undeniably needs the support of the government.. That is hard to achieve at this time as it has no pressure from within the core of the society,, the people.. If a young government officials with the same sentiments and open-minded with new technology will emerge in 2020th generation then it will have a big impact to it as a whole..

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March 15, 2018, 11:18:00 AM
 #53

One of the things: If loyalty programs of large companies (like Starbucks) will go through blockchain tech and become tradable, this would mean instant mass adoption.
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March 15, 2018, 11:29:26 AM
 #54

 Bitcoin will be mass adopted if the same government will fully support it. But at current situation, its not clear. But still, if there are more merchants will support in accepting bitcoin, I think  it will make an impact. For example if there is a Merchant Association worldwide that will agree to support bitcoin and other cryptos then its easy to roll out it. There must  be a template for that like in other financials so that accepting bitcoin template is uniformed.

 
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March 15, 2018, 11:36:53 AM
 #55

Its a catch 22 situation.

With more adoption there may be more introduction of control and regulation
by governments and banks. With more usage banks will become more threatened
and so they will move to block fiat flowing in and out of crypto.

For the lovers if high value crypto more adoption is a must.
There is always some way out of those situations, right now we are in some sort of equilibrium with the banking industry but if that were to be lost then one side could destroy the other or at least damage it, bitcoin is very resistant it is very difficult to imagine something that could destroy it, however the economic system is very frail and at some point it will crash it doesn't matter if it happens tomorrow or in 50 years it will happen and when that occurs then they will be unable to block crypto.
Where did you see the balance? Look closely at what's going on. The government say that they are considering the legalization of bitcoins but don't do anything. Bankers say that all cryptocurrencies are a bubble. Continuously stricter rules of exchange of cryptocurrency for Fiat. This means that there are active hostilities against the use of cryptocurrencies. How can you not see it?
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March 15, 2018, 01:08:31 PM
 #56

Maybe schools should teach crypto  Grin


School won't help that much if we're going for a really massive adoption in Bitcoin. I would learn Science and Physics in school but I wouldn't carry it in my future because it wasn't the line I was looking for. School could make the awareness but not the adoption itself. Maybe media should give it more attention without ruining it because of those FUDS.

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March 15, 2018, 09:23:39 PM
 #57

Of course, secure and fast transactions will add appeal to all that cryptocurrency stuff. What's more, better reputation is needed for popularity. Unfortunately, to many illegal deals are proceeding involving cryptocurrencies.
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March 15, 2018, 09:35:15 PM
 #58

Unfortunately, to many illegal deals are proceeding involving cryptocurrencies.

Don't be ridiculous. It is true that cryptocurrencies are used for illegal things but we have remember that fiat, gold and other valuable things are more common when it comes to doing anonymous, illegal payments.

Knowledge always helps people making their right choice. You are right - if Bitcoin is taught in schools, more persons will understand how it is important.

Not necessarily, I doubt that every single student will understand the purpose of cryptocurrencies' existence. There are still many people who don't know what inflation and deflation is, even though it was taught in the school. Also, I met people who actually didn't see anything wrong with printing additional money. I'm terrified how people became so naive.

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March 15, 2018, 09:41:56 PM
 #59

Maybe schools should teach crypto  Grin


School won't help that much if we're going for a really massive adoption in Bitcoin. I would learn Science and Physics in school but I wouldn't carry it in my future because it wasn't the line I was looking for. School could make the awareness but not the adoption itself. Maybe media should give it more attention without ruining it because of those FUDS.

I wasn't even taught anything about fiat currency in school, learned nothing about fractional reserve banking, taxes, or anything else for that matter. To be using a different currency for exchanging goods would require a massive paradigm shift. I think the only way we will see that is if it is adopted by regulation and governments as an official currency rather than an asset or if there were a collapse of the global economy.    
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March 15, 2018, 09:57:20 PM
 #60

Bitcoin needs more flexibility and wider coverages, and with more social media promos. Bitcoin is here to stay and at that bitcoin will become the world first cryptocurrency and universally accepted digital currency for online payment. An assets and a great investment.
I think that's where bitcoin and other cryptocurrency types are headed. The annual growth rate of the cryptocurrency market has soared, so I think there needs to be management and insurance from the authorities to ensure the assets of investors in this market.
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March 15, 2018, 10:00:37 PM
 #61

Bitcoin needs to work as a currency that's what we really need not many people are going to put their money bitcoin if it is just a high risk investment, after all how many people are investing in those kind of products not many I suppose, but everyone needs to use currency from the richest man in the world to the poorest so until bitcoin is able to satisfy that condition then we cannot get mass adoption.
I don't think it will be possible for bitcoin to work as an offline currency if that's what you mean. But if you mean online currency then I concur and I believe its still serving that purpose because many people are using it to make payments online. And bitcoin is not that a high risking investment compares to many upcoming ICOs that has an uncertain future; this is because Bitcoin future is certain.

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March 15, 2018, 10:07:06 PM
 #62

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

I think the level of security is decent as it is and it's not holding people back from using BTC. Things that are holding them back are: volatility, low acceptance, uncertain future due to unclear government stance and other less important factors.
Same thing with power consumption. I haven't heard of a business owner or a private investor that would say "nope, I'm not going to use cryptos because the mining is using too much power!" Cheesy

 
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March 15, 2018, 11:05:38 PM
Last edit: March 16, 2018, 11:16:09 PM by SixOfFive
 #63

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

For mass adoption, public awareness is must. Most of people either don't know about cryptocurrency or do not understand it or either afraid of entering it. Unless Knowledge is imparted and hesitation of not using is removed, crypto currency can't be mass adopted.
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March 16, 2018, 06:43:01 AM
 #64

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
I don’t really know, but one thing I believe for sure is that cryptocurrency already has everything that will ever be needed by those who are interested. It’s not a must that everyone would get into Bitcoin, choices matters and there are people that do not like investment.
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March 16, 2018, 08:12:53 AM
 #65

Bitcoin needs more flexibility and wider coverages, and with more social media promos. Bitcoin is here to stay and at that bitcoin will become the world first cryptocurrency and universally accepted digital currency for online payment. An assets and a great investment.
Bitcoin has the problem of high power consumption an no utility of the block chain other than bitcoin itself. That is something other currencies might leverage to their advantage.
High power consumption may be an issue now, but who knows if we may start seeing miners that will not have to consume much and still with a very high efficiency. We complain a lot about the power consumption, but we have failed to realize that a lot of things that are not even relevant or helping anyone consume more power than bitcoin or cryptocurrency in general.

What we need for main adoption is the speed of transaction and every other thing will gradually fall in place. Mostly everyone is concentrating on just the holding aspect of cryptocurrency as an asset alone now and we still keep complaining about the volatility.


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March 16, 2018, 08:47:53 AM
 #66

it's hard to make a mass adoption of bitcoin and I think the most important thing is to provide a gradual and detailed understanding of bitcoin until they are absolutely convinced of the greatness of bitcoin as a decentralized virtual currency. and of course to be able to realize all it needs to be a support and policy provided by the government about freedom in doing crypto activities.

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March 16, 2018, 09:03:35 AM
 #67

Bitcoin will be mass adopted if the same government will fully support it. But at current situation, its not clear. But still, if there are more merchants will support in accepting bitcoin, I think  it will make an impact. For example if there is a Merchant Association worldwide that will agree to support bitcoin and other cryptos then its easy to roll out it. There must  be a template for that like in other financials so that accepting bitcoin template is uniformed.
I have no expectations from many of the governments but honestly, bitcoin does not really need them for its survival and progress. With the passage of time, it is becoming famous. More and more people are talking about it and the number of investors is also increasing. It is a beautiful creation that will be admired by the people who understand technology and the changes of the world. One day, the whole world will be enjoying bitcoin.

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March 16, 2018, 09:43:59 AM
 #68

Cryptocurrency needs a lot of solid and legal supporters to back it up entirely, maybe legitimate appeal that would make
governments and other oppositions to understand the positive outcome and solutions crypto is capable of offering and
delivering. A better understanding so that people would clearly understand how it works and somehow dismiss all the
negative issues, that seems to draw people out. Leser transactions fees and better security, with all the talk and incidence
of hacking in the net it's a sensitive and concerning issue for people investing in cryptocurrency.
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March 16, 2018, 09:58:22 AM
 #69

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

price stability is the most important factor as currency, so it will not be treated as product/commodity for investment
close to instant verification (not confirmation) by third party as a guarantor of transaction confirmation
easy to use apps/tools/gadgets adaptable to any crypto currency for non-technical users

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March 16, 2018, 06:43:57 PM
 #70

A better understanding so that people would clearly understand how it works and somehow dismiss all the
negative issues, that seems to draw people out.

I think that's the biggest issue for now. Many people still don't understand what are cryptocurrencies and why we even need them. Ordinary people don't have enough time or don't want to learn about how economy works in general. I'm not an expert but at least I understand basic terms such inflation which many people confuse with deflation or something else. Transaction fees became really low recently, however, it doesn't mean that we shouldn't work on other solutions.

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March 16, 2018, 08:38:17 PM
 #71

Its a catch 22 situation.

With more adoption there may be more introduction of control and regulation
by governments and banks. With more usage banks will become more threatened
and so they will move to block fiat flowing in and out of crypto.

For the lovers if high value crypto more adoption is a must.
There is always some way out of those situations, right now we are in some sort of equilibrium with the banking industry but if that were to be lost then one side could destroy the other or at least damage it, bitcoin is very resistant it is very difficult to imagine something that could destroy it, however the economic system is very frail and at some point it will crash it doesn't matter if it happens tomorrow or in 50 years it will happen and when that occurs then they will be unable to block crypto.
Where did you see the balance? Look closely at what's going on. The government say that they are considering the legalization of bitcoins but don't do anything. Bankers say that all cryptocurrencies are a bubble. Continuously stricter rules of exchange of cryptocurrency for Fiat. This means that there are active hostilities against the use of cryptocurrencies. How can you not see it?
I can see it that is why the prices are down, but it doesn't matter that is not going to destroy bitcoin at most it's going to affect the price temporarily, governments know this while many people think of politicians is dumb they are not dumb they know very well what they are doing and they understand they cannot destroy bitcoin they are just trying to slow its adoption until they find a way to destroy it.



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March 17, 2018, 04:05:31 AM
 #72

I believe in security was the thing needed to be put in place and I choose security because insecurity was the cause of the dip happening in crypto market and it was the samething that attract the SEC and regulator. In addition,something also must be done to stop crypto exchange hack and scam issue.

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March 17, 2018, 05:12:35 AM
 #73

Mass adopted as an asset or as a currency? If as asset then your goals is a go to. If the later, price control is a must. No business will accept cryptocurrencies if the value is so much volatile. There's so much risk for them.
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March 17, 2018, 08:38:29 AM
 #74

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

Yes, I completely agree with your points. The higher amount of data transaction and speed are must along with lower power consumption and stronger security. Security is the major facility which every person looks for. Other than all this there must also be sound knowledge must be provided to the today's generation people about cryptocurrency and all other activities related to it so that they can understand and get the work to be done. Education should be soon started and spread all over the world.

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March 17, 2018, 10:56:50 PM
 #75

I believe in security was the thing needed to be put in place and I choose security because insecurity was the cause of the dip happening in crypto market and it was the samething that attract the SEC and regulator. In addition,something also must be done to stop crypto exchange hack and scam issue.

There is nothing to be done about the hacks, bitcoin has never been hacked, it is the people the ones that do not take care of their coins and lose them as a result of that, people need to be more careful in the way they deal with their money and with their information online, but they don't do that they always rely that someone is going to save them and fix things but that is simply not true in bitcoin.



.
.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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March 19, 2018, 07:39:37 AM
 #76

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Holding is one of the things needed for mass adoption! Many of us here used bitcoin as a stocks and not as a means of payment for goods and services. Bitcoin will be adopted by big financial institutions if it price is stable and that is why we need to create that stability by holding what we have and not sell them. When you sell you are contributing to the volatile that affect mass adoption.
Holding is not the only way to go but to see some of the attributes of cryptocurrencies giving it the capability to achieve the level of mainstream adoption and all those things are the attributes of what the OP has mentioned. With respect to security though, that is not guaranteed. It is an investment and every investor should know better already with the market being a decentralized one.

Cryptocurrencies are not far from what the world need I must say. I feel the main essence anyway to be able to have a form of decentralized currency which we can all easily transact across the globe without any government clamping down on us and then having it done speedily without any delay. I guess we are heading there gradually as things are already getting better.
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March 19, 2018, 10:47:59 AM
 #77

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

Actually if these steps are implemented, it will become the most popular payment medium. Only that is required for mass adoption of bitcoins. I want to see bitcoins replacing PayPal and credit card payments in the coming years. If it is able to achieve that, no one can stop its value to rise to 1 million mark as well.

I got a news recently that PayPal is already going to increase its fees in April. Bitcoin developers should make good use of this and make the transaction fees lower for bitcoins. Everyone will then use bitcoins for transactions.
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March 19, 2018, 11:24:28 AM
 #78

The cryptocurrencies just need an exposure in order to get mass adopted because the technology is already there and the possible solutions for the world's problem is there so there is no reason for them to get mass adopted so they just need an exposure to be known by the people that they are good type of currencies and possible the future of our currencies.
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March 19, 2018, 03:18:57 PM
 #79

I believe in security was the thing needed to be put in place and I choose security because insecurity was the cause of the dip happening in crypto market and it was the samething that attract the SEC and regulator. In addition,something also must be done to stop crypto exchange hack and scam issue.

There is nothing to be done about the hacks, bitcoin has never been hacked, it is the people the ones that do not take care of their coins and lose them as a result of that, people need to be more careful in the way they deal with their money and with their information online, but they don't do that they always rely that someone is going to save them and fix things but that is simply not true in bitcoin.
I never said bitcoin was hacked in the first place and it wont be because of the protocol create to secure the network. Meanwhile,you're right when you said people need to be more careful in the way they deal with their money and we all say it not good to keep coin on exchange site while we all have some coin on there because we all need their service sometime and if the exchange scam/hacking are not fix no one is save and this could cause something far more worst to the crypto market.

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March 20, 2018, 08:12:43 AM
 #80

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Other than the aspects which are focusing on advancements of blockchain technologies, I do believe the awareness among common people like the advantages of decentralization and benefits of blockchain data management kind of improvements will definitely contribute to the future where more people will be adopting cryptocurrencies.
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March 20, 2018, 09:25:55 AM
 #81

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Bitcoin needs to work as a currency that's what we really need not many people are going to put their money bitcoin if it is just a high risk investment, after all how many people are investing in those kind of products not many I suppose, but everyone needs to use currency from the richest man in the world to the poorest so until bitcoin is able to satisfy that condition then we cannot get mass adoption.
As simple as that which was the main reason and a lot of people are losing that part and only end up making people to see the asset part of it which makes it highly speculative in nature. If everyone can easily use it as a currency with some of the attributes that the Op has listed, that is what will make it easy for mass adoption to work. The little adoption that we had recently showed some of these lapses and it is good to know where we really need to keep improving.

I do believe the awareness among common people like the advantages of decentralization and benefits of blockchain data management kind of improvements will definitely contribute to the future where more people will be adopting cryptocurrencies.
Yes, spreading out benefits of blockchain and its derivatives to common people will result in mass adoption. But, we cannot expect it to happen in short time. So, we must give it time so that people will understand the system. I do believe it is already happening in every part of the world.
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March 20, 2018, 09:30:45 AM
 #82

Cryptocurrencies will never be a mainstream and mass adopted.
If you look at some analysis around 2 millions people in the world are using cryptocurrencies. Which is realy small percentage in overal number of angažiranja.
People like security and stabilitiy, like legal framework and protection of the governments. Everything that cryptocurrencies don't have and that is why they will never become mass but always stay just alternative to traditional fiat currencies and economic system.

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March 20, 2018, 10:09:07 AM
 #83

For now bitcoin is just a volatile currency which will never lead to mass adoption. Not enough people are using it and there is not enough to go around in the world really like there is fiat. Like someone stated, bitcoin now is a high risk investment and the people who are in the market know this and that is why they are buying into it but not everyone wants to buy into a high risk investment.
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March 21, 2018, 04:35:05 PM
 #84

I believe in security was the thing needed to be put in place and I choose security because insecurity was the cause of the dip happening in crypto market and it was the samething that attract the SEC and regulator. In addition,something also must be done to stop crypto exchange hack and scam issue.

There is nothing to be done about the hacks, bitcoin has never been hacked, it is the people the ones that do not take care of their coins and lose them as a result of that, people need to be more careful in the way they deal with their money and with their information online, but they don't do that they always rely that someone is going to save them and fix things but that is simply not true in bitcoin.
I never said bitcoin was hacked in the first place and it wont be because of the protocol create to secure the network. Meanwhile,you're right when you said people need to be more careful in the way they deal with their money and we all say it not good to keep coin on exchange site while we all have some coin on there because we all need their service sometime and if the exchange scam/hacking are not fix no one is save and this could cause something far more worst to the crypto market.
Well, I didn't say that you said it either, my point was that the reason there is nothing we can do about hacking is that this is a problem that needs to be dealt at a personal level, bitcoin is as secure as it can be and there is nothing we can do to make it even more safer so the ones that need to take steps in order to try to solve that problem are people themselves.



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Rainbot
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March 21, 2018, 04:37:34 PM
 #85

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
To be more stable and more popular cause nowadays most of people don't even know about this world and big movement which they had on market make them impossible to be introduced in stores.
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March 21, 2018, 04:47:32 PM
 #86

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
To be more stable and more popular cause nowadays most of people don't even know about this world and big movement which they had on market make them impossible to be introduced in stores.
For sellers, it doesn't matter how many people own bitcoins. If these people can give them the money, they'll never give it up. But are people ready to part with their bitcoins? The price of the transaction and the time of their confirmation also make such trading uncomfortable. But some products can now be easily bought and sold for bitcoins.

 
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March 21, 2018, 05:03:25 PM
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 #87

I believe crypto currencies will be mass adopted only if they become accepted as legal tender in exchange of so many goods and services. Despite the convenience crypto currencies depict to users, well known services providers such as McDonald's, Airline companies, Online trading platforms and so on can massively push the agenda of decentralization through acceptance of crypto currencies for their goods and services.
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March 21, 2018, 06:57:51 PM
 #88

I think we need advertisement across the globe and mainstream media for BTC to proliferate and be adopted by the public. All of bitcoin's features should be spread by the media and not just the negativities and rumors. The technology behind and how it works should be understood first before the public place its trusts.
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March 21, 2018, 06:59:52 PM
 #89

What is needed is more regulation, too much scam, pump and dump schemes, unrealistic promises. Once regulations are in place that will protect investors, cryptos will be much more mainstream.
The downside of this is fewer returns.

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March 21, 2018, 07:42:48 PM
 #90

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

I think these factors are important but they are nowhere near enough nor they are the primary factors leading to and required for mass adoption. Before anything else, crypto holders should be willing to spend their coins for goods and services. So far people have been using crypto mostly for speculation, if not to say primarily for speculation. No merchant will use a cryptocurrency unless and until there are buyers who are ready to actually spend it on their merchandise.
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March 21, 2018, 08:06:46 PM
 #91

Lower transaction fee will help. Lower volatility and fluctuation.  Also, I surely know that if bitcoin were to be transacted off line and without internet connection, it would have since widely adopted  Roll Eyes

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March 21, 2018, 09:12:31 PM
 #92

I think that people belief is what we need for a mass adoption. No matter how good cryptocurrencies can be, it can not be accepted if people do not believe in it. The more I use bitcoin, the more I know about the cryptocurrency and I believe that cryptocurrencies are made for good purposes. All we need right now is that other people have the same thought like I do

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March 21, 2018, 09:38:03 PM
 #93

We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?

I think that cryptocurrency will be fully accepted if government will stop on stealing money from different people because you can always view the transactions of different people in their wallet and that's one of the reason why government does not want a cashless country.

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March 21, 2018, 09:45:26 PM
 #94

need time. because many people are still not adapted to simple technologies. there are still so many people that can not use even online banking or debit cards. it is hard to expect them to use cryptocurrencies. they need time...

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March 22, 2018, 08:47:38 PM
 #95

Lower transaction fee will help. Lower volatility and fluctuation.  Also, I surely know that if bitcoin were to be transacted off line and without internet connection, it would have since widely adopted  Roll Eyes

Lower volatility and price fluctuations subsiding will definitely help but here we have an obvious vicious circle. Bitcoin and other cryptocurrencies are volatile because there is no real support in the commercial sector, which should be straightforward. But the latter doesn't support Bitcoin because it is too volatile. And to break out we need more people wanting to spend bitcoins in real life. This is the root cause - lack of spending attitude - which gives rise to these self-sustaining feedback loops.
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March 22, 2018, 08:57:32 PM
 #96

need time. because many people are still not adapted to simple technologies. there are still so many people that can not use even online banking or debit cards. it is hard to expect them to use cryptocurrencies. they need time...
The high volatility is the reason why bitcoins is yet ti be adopted by the masses. Its th reason why retailers haven't started to accept Bitcoins as a method of payment this far and when they do, more and more people will start to use bitcoins for their purchases.



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Rainbot
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March 22, 2018, 11:39:07 PM
 #97

Most of investors still stay out of bitcoin for the reason that it's totally decentralised and doesn't have any authority to either ensure its price or to control any types of scams.So if bitcoin gets globally regulated,then it would help mass adoption.
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March 23, 2018, 02:10:07 AM
 #98

I dont think it is possible to do that in near future. It is because every (imagine how much there is crypto) need to be really stable. It is still to many risks for anyone who thinks about investing in crypto as their price is not stable and in matter of days you can bancrupt.
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March 23, 2018, 02:18:58 AM
 #99

I think that central banks should consider the possibility of creating national digital currencies. The technology of the distributed registry will allow central banks to improve protection from cyberattacks and the mechanism of money transfers between legal entities and individuals

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March 23, 2018, 02:27:16 AM
 #100

As adopters, we should show the people the true usage of cryptocurrency. As for bitcoin, we should use it as a currency/payment option more than an asset because the more people who hold it for a long time and then sell it if they got profit, the continuous flow of the coin will not happen. I know that it is hard for now to use it as a currency because the merchants are limited so you can't totally use it in all of your transactions.

Trust is important as well so that people will start using it. The problem nowadays is that there are so many people who are against it spreading FUD so people has the impression that it is use for bad purpose. This is one of the things that hinders mass adoption. There is also the issue of legality. As long as it is not regulated, some people would be skeptic and would not dare be involved with it.

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March 23, 2018, 10:37:55 AM
 #101

As adopters, we should show the people the true usage of cryptocurrency. As for bitcoin, we should use it as a currency/payment option more than an asset because the more people who hold it for a long time and then sell it if they got profit, the continuous flow of the coin will not happen. I know that it is hard for now to use it as a currency because the merchants are limited so you can't totally use it in all of your transactions.

That's all good and nice, but how are you going to implement that in practice? Yes, I agree that we should use Bitcoin as a currency to pay with it for goods. But there is no economic incentive to make people pay with crypto. People buy coins with the sole purpose of selling them later at a higher price. If they buy and the price goes down, everyone will be telling you to hold and wait till the price rises. You won't find here anyone who would tell you to spend the coins. This is the attitude prevailing among crypto holders, and there is nothing you can do with that.
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March 23, 2018, 10:58:14 AM
 #102

For me the first step needed for crypto currencies te become mass adopted is education.
We need to educate all the people about bitcoin, like what it is, how this thing work, how its made and etc.
And all cryptos should be more stable interms of their price, it is not that easy because we cannot control the price of all cryptos but this thing will help a lot to achieve mass adoption

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March 23, 2018, 05:18:02 PM
 #103

I think we need advertisement across the globe and mainstream media for BTC to proliferate and be adopted by the public. All of bitcoin's features should be spread by the media and not just the negativities and rumors. The technology behind and how it works should be understood first before the public place its trusts.
You are mistaken we cannot rely on the mainstream media to advertise bitcoin they are bought they will do whatever they are told to do, they are not going to promote bitcoin and risk their careers and their source of money just to promote something like bitcoin, this is why promoting cryptocurrencies in social media was important but now that is not possible either with the current bans.



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March 26, 2018, 11:09:46 AM
 #104

Most of investors still stay out of bitcoin for the reason that it's totally decentralised and doesn't have any authority to either ensure its price or to control any types of scams.So if bitcoin gets globally regulated,then it would help mass adoption.
Regulation and that too worldwide would not leave any difference in bitcoin and paper money. The new and unique feature of bitcoin rather all crypto currencies is that they are decentralized. No one is regulating them which ensures that these coins are the property of users. People are tired of staying under the control of the corrupt politicians who snatch their wealth in the form of taxes.
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