What do you believe is needed for crypto currencies to be mass adopted?

[darkangel11]

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!"

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[SixOfFive]

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.

[gamalzour]

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.

[el kaka22]

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.

[syaripudin]

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.

[yvesp110]

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.

[eelectrick]

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.

[Thirdspace]

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

[Rath_]

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.

[South Park]

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.

[posi]

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.

[carlbreezy]

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.

[hitrawal91]

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.

[South Park]

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.

[wuvdoll]

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.

[bobrova]

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.

[Sled]

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.

[posi]

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.

[hatsoff2btc]

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.

[raven7886]

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.