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Author Topic: What do cryptocurrencies need, but haven't got yet?  (Read 379 times)
jack19123 (OP)
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July 27, 2018, 02:51:31 AM
 #1

What are some problems you have found in cryptocurrencies?
What is something missing in cryptocurrencies right now?

I'm not referring to adoption, but technical fundamentals / business models ect

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harrypot
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July 30, 2018, 04:10:13 PM
 #2

There are some big problems. First of all i just hate the pump and dump staffs. It really makes the market unstable. Then filtering garbage projects is also quite difficult which should be considered. And i also expect higher transaction speed.
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July 30, 2018, 04:13:02 PM
 #3

It is regulation; although there have being postulations that regulations would reduce the profits we make;  but nevertheless we need it; too much ico everyday; too much spam coin and other hacks goes like that with impunity. We need measures to keep crypto in check and enforcement
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July 30, 2018, 04:16:52 PM
 #4

well, i think cryptocurrencies are still not enough fast for daily usage. bitcoin is very slow and fees are very high. maybe after lightening network it will be ok. but it should be definetely a larger network size.
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July 30, 2018, 05:33:31 PM
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Cryptocurrency still improving gradually. I hope it be decreased it’s limitation day by day but it’s will take a long time. Because of being decentralized many country still won’t cryptocurrency legal. If it’s can handle crypto will have a bright future.
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July 30, 2018, 05:51:37 PM
 #6

I think the security in the crypto should be increased. Transaction is transparent and safe. Try to free hackers. Do not be scams.
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July 30, 2018, 06:22:11 PM
 #7

What are some problems you have found in cryptocurrencies?
What is something missing in cryptocurrencies right now?

I'm not referring to adoption, but technical fundamentals / business models ect
The first thing that I can say cryptocurrency needs and don't have yet would be something like global exchange platform when you can exchange any cryptocurrency to any other cryptocurrency easily and fast.
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July 30, 2018, 06:26:28 PM
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I think the biggest problem of whole crypto market is manipulations. It still have not big enough market capitalization and because of this moving crypto in "right" side isn't problem for a whales. All we need - regulations. But if regulators will, when they come - we wouldn't be able to see profit like this.
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July 30, 2018, 06:27:03 PM
 #9

We need more Escrow platforms like PayFair, LocaloinSwap,...that offers direct alt to fiat pairings so people don't have to go through that bullshit of BTC, ETH, LTC first.

Once w have more platforms like that we can say bye bye to those major cryto domination & more promising projects can show up on the surface which they have real use case in our daily life.
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July 30, 2018, 06:33:22 PM
 #10

Quote
What do cryptocurrencies need, but haven't got yet?

Mainstream adoption.

Edit : oh darn, you already tackled that in your first post. Okay let me follow up then : they need an easy to use and easy to understand PayPal experience working decentralized model,
that just works, is fast and extremely cheap in usage.

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July 30, 2018, 07:43:46 PM
 #11

Quote
What do cryptocurrencies need, but haven't got yet?

Mainstream adoption.

Edit : oh darn, you already tackled that in your first post. Okay let me follow up then : they need an easy to use and easy to understand PayPal experience working decentralized model,
that just works, is fast and extremely cheap in usage.

They need time.

Adoption is there but not mainstream. It takes time. At some point, we will be there. But as i said, it needs some time to get there, nothing else.

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July 30, 2018, 09:07:46 PM
 #12

Okay let me follow up then : they need an easy to use and easy to understand PayPal experience working decentralized model,
that just works, is fast and extremely cheap in usage.
Yap, that's the biggest barrier to success. Working with cryptocurrencies is too complicated for the average guy. So now we need a very simple solution acceptable for them. Because, many people who belong to the older generations, they don't know how to work with paypal even, let alone set up a wallet. The new generation who grows up with crypto may not have this problem though.
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July 30, 2018, 09:19:20 PM
 #13

I think right now crypto currency is missing the security part, there have to be a way for users to protect their account in a more advance way, like example adding a form of authentication that way our wallets will be safe.
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July 30, 2018, 09:22:54 PM
 #14

There are two things that readily come to mind, first is Mass adoption, second is scalability.If we achieve these, crypto price will run off the charts
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July 30, 2018, 09:22:58 PM
 #15

What are some problems you have found in cryptocurrencies?
What is something missing in cryptocurrencies right now?

I'm not referring to adoption, but technical fundamentals / business models ect
The first thing that I can say cryptocurrency needs and don't have yet would be something like global exchange platform when you can exchange any cryptocurrency to any other cryptocurrency easily and fast.

I agree with the above suggestion and I'd also add more users and stronger confidence in the market with less restriction regulations by the governments as these will encourage a lot of people to turn to cryptocurrency.
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July 30, 2018, 09:28:29 PM
 #16

There is a triangle of perfection I guess that includes - scalability, security, speed. There are no any of cryptocurrency that can offer all the options at the same time. If any project will achieve all these options in one place and time, it will be a revolution in blockchain industry.

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July 30, 2018, 09:32:09 PM
 #17

For encryption. At present, the biggest obstacle is that language is different. Sometimes a good project is missed. Now encryption is the lack of an application. A useful application to all of us.

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July 30, 2018, 09:40:26 PM
 #18

Cryptocurrency needs consistency. Especially when it comes  growth, the market is too unpedictable and volatile so much that it's almost impossible to tell the future,. This has inturn affected the pattern which it's growth takes as there is no certain development shape. The coins are also not consist in how they gain or lose value making the market the most volatile one there is

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July 30, 2018, 09:53:26 PM
 #19

I believe that cryptocurrencies now have two main problems: security and speed of transactions. It is also worth noting that cryptocurrencies are not yet very common and this is a problem.

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July 30, 2018, 11:47:41 PM
 #20

At present we have a lot of "raw" projects without products. So it is the main problem for criptocurrency - quality of project idea realization

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