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Author Topic: What do you believe is needed for crypto currencies to be mass adopted?  (Read 475 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.
quantumcat
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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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