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Author Topic: What's stopping crypto from mass adoption?  (Read 250 times)
TokenTuber
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September 11, 2019, 09:10:27 AM
Last edit: September 12, 2019, 10:53:38 AM by TokenTuber
 #1

The crypto space is not very noob friendly: bitcoin and blockchain are complex daunting topics; cryptocurrencies themselves are not very user-friendly; and the cryptocurrency space has gathered a bad reputation for being filled with scams. A small mistake sending coins from your wallet can cause you to lose your money and ruin your experience. So, while everyone has heard about blockchain and bitcoin, people are not only unsure how to get started, they are also faced with these high barriers to entry.

TokenTuber’s mission is to lower the barriers to entry to the cryptocurrency space so that mass adoption of cryptocurrencies can be achieved. On TokenTuber you can learn and educate yourself on everything you need within the crypto space. We will hold your hand and guide you on your journey in the crypto world. Not only that, you can also earn your first cryptocurrency and trade it with absolutely no cost.

We are looking for global partners (evangelists) to make this vision become reality!  Feel free reach us via contact@tokentuber.com

Link to our Website: https://www.tokentuber.com
*Whitepaper is available on our website!
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September 11, 2019, 10:06:09 AM
 #2

What do you mean by global partners? does this means you are looking for investors? I looked unto your website and if it doesn't mean investors.

Are you looking for contributors?

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September 11, 2019, 10:58:16 AM
 #3

The crypto space is not very noob friendly: bitcoin and blockchain are complex daunting topics; cryptocurrencies themselves are not very user-friendly; and the cryptocurrency space has gathered a bad reputation for being filled with scams. A small mistake sending coins from your wallet can cause you to lose your money and ruin your experience. So, while everyone has heard about blockchain and bitcoin, people are not only unsure how to get started, they are also faced with these high barriers to entry.

TokenTuber’s mission is to lower the barriers to entry to the cryptocurrency space so that mass adoption of cryptocurrencies can be achieved. On TokenTuber you can learn and educate yourself on everything you need within the crypto space. We will hold your hand and guide you on your journey in the crypto world. Not only that, you can also earn your first cryptocurrency and trade it with absolutely no cost.

We are looking for global partners to make this vision become reality!  Feel free reach us via contact@tokentuber.com

Link to our Website: https://www.tokentuber.com
*Whitepaper is available on our website!

Hope you uploaded those videos on your site with the permission of the owners. I guess that is the right thing to do considering that you aim to make money from them with your native token.

Well, I think easy-to-understand information is very important for Bitcoin adoption. If most people learn that using Bitcoin is safe, easy, fast, and very useful, they will likely start using it.



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Rainbot
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September 11, 2019, 11:46:11 AM
 #4

I agree that cryptocurrencies are still pretty difficult for newcomers, they need to understand how to create a wallet, how to store it in safe place, how to buy it and how to send it. But with upcoming custody services I believe that cryptocurrencies will become more adopted.

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September 11, 2019, 07:20:36 PM
 #5

The crypto space is not very noob friendly: bitcoin and blockchain are complex daunting topics; cryptocurrencies themselves are not very user-friendly; and the cryptocurrency space has gathered a bad reputation for being filled with scams. A small mistake sending coins from your wallet can cause you to lose your money and ruin your experience. So, while everyone has heard about blockchain and bitcoin, people are not only unsure how to get started, they are also faced with these high barriers to entry.

TokenTuber’s mission is to lower the barriers to entry to the cryptocurrency space so that mass adoption of cryptocurrencies can be achieved. On TokenTuber you can learn and educate yourself on everything you need within the crypto space. We will hold your hand and guide you on your journey in the crypto world. Not only that, you can also earn your first cryptocurrency and trade it with absolutely no cost.

We are looking for global partners to make this vision become reality!  Feel free reach us via contact@tokentuber.com

Link to our Website: https://www.tokentuber.com
*Whitepaper is available on our website!


check this scenario:

Mr A owns a store where he sells groceries. B, is a customer. He comes in and purchases groceries worth $200. B wants to pay in Eth and Mr A agrees and he receives $200 worth of Eth as payment from B. 30 minutes later, that $200 worth of Eth is now valued at $175 based on current exchange pricing. In other words, Mr A, just made a loss in sales. Next time, he won't be too keen on receiving payments in Eth again.

Fix this volatility issue first and watch as adoption grows massively

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September 11, 2019, 07:33:28 PM
 #6

Categorically there are many factors that out play the use or mass adoption of cryptocurrency. Until we have resolve these issues within the industry,  mass adoption will be difficult for the industry. Regulations should be simplify to help the common man from be scam, educate the masses on how to manimize lost and how to protect against intruders while using the web wallets.

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September 11, 2019, 07:40:12 PM
 #7

The crypto space is not very noob friendly: bitcoin and blockchain are complex daunting topics; cryptocurrencies themselves are not very user-friendly; and the cryptocurrency space has gathered a bad reputation for being filled with scams. A small mistake sending coins from your wallet can cause you to lose your money and ruin your experience. So, while everyone has heard about blockchain and bitcoin, people are not only unsure how to get started, they are also faced with these high barriers to entry.
-snip-
I beg to differ. The crypto space is actually very noob friendly. Bitcoin and blockchain, both of them are not as complex as you think. The basics are very simple. You don't need to know in depth to how the technology works in order to use it. Using bitcoin is the same as using paypal. You need to make a payment? Just enter the wallet address of the user instead of his email address like you would when making a payment with paypal. Our computer is a very complex instrument. But as long as we know the basics we will be able to operate it. We don't need to know how it works in order to operate it. The same thing goes for bitcoin. You don't need to know how it works to use it.


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September 11, 2019, 08:39:18 PM
 #8

The crypto space is not very noob friendly: bitcoin and blockchain are complex daunting topics; cryptocurrencies themselves are not very user-friendly; and the cryptocurrency space has gathered a bad reputation for being filled with scams. A small mistake sending coins from your wallet can cause you to lose your money and ruin your experience. So, while everyone has heard about blockchain and bitcoin, people are not only unsure how to get started, they are also faced with these high barriers to entry.
-snip-
I beg to differ. The crypto space is actually very noob friendly. Bitcoin and blockchain, both of them are not as complex as you think. The basics are very simple. You don't need to know in depth to how the technology works in order to use it. Using bitcoin is the same as using paypal. You need to make a payment? Just enter the wallet address of the user instead of his email address like you would when making a payment with paypal. Our computer is a very complex instrument. But as long as we know the basics we will be able to operate it. We don't need to know how it works in order to operate it. The same thing goes for bitcoin. You don't need to know how it works to use it.

Yeah, when I see what kind of people are actually able to use crypto, I would also think it's pretty noob-friendly.
I have friends who are the most technically inept people you'd ever meet, yet they can easily work with many different cryptocurrencies.

Sure, they run into problems occasionally, especially regarding fees with Bitcoin (back when the mempool was full), but after explaining it to them they did seem to get it eventually.

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September 11, 2019, 09:00:58 PM
 #9

There's tons of exchanges out there nowadays that are made to be extremely simple to use and accessible for newcomers to crypto as well (though KYC and various things such as KYC is one of the trickier things for most people). Some of the people I've introduced to crypto and especially Bitcoin have complained about transactions taking a while to 'process' or confirm, but that's really the main complaint I've noticed. Most wallets nowadays are also very simple to understand and are very well documented, much better than how it was in 2014 when I really started to gain an interest in crypto. We've sure come a long way from then.

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September 11, 2019, 09:13:56 PM
 #10

Some points mentioned here like the high level of scam associated to crypto and other factors like not able to trace and retrieve funds when lost are truly retarding crypto from mass adoption.  Other vital issues are scalability issues, issue of hacks and meeting up with regulations.  We have a long way to go before mass adoption can be met.

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pixie85
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September 11, 2019, 09:17:16 PM
 #11

Hope you uploaded those videos on your site with the permission of the owners. I guess that is the right thing to do considering that you aim to make money from them with your native token.

Well, I think easy-to-understand information is very important for Bitcoin adoption. If most people learn that using Bitcoin is safe, easy, fast, and very useful, they will likely start using it.

He's not putting the videos on his site but linking to the original ones on youtube. Isn't that legal? It gives credit and money to original authors because whenever you click on the video you're boosting views for the author.

If he downloaded the videos and made them play on his site it would be a different thing but this way it looks legal and fair.

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September 11, 2019, 09:37:09 PM
Last edit: September 11, 2019, 09:59:22 PM by serjent05
 #12

Well, I commend you for creating this kind of video site where you link several tutorial videos in order for the viewers to know more about cryptocurrency.  It seems you are planning to pay viewers with your token that is another good thing if implemented.

Some points mentioned here like the high level of scam associated to crypto and other factors like not able to trace and retrieve funds when lost are truly retarding crypto from mass adoption.  Other vital issues are scalability issues, issue of hacks and meeting up with regulations.  We have a long way to go before mass adoption can be met.

I believe several altcoins had already addressed this scalability issue, though I also agree that we have a long way to go before we can see this mass adoption we dream of  because of several government banning crypto, and majority of the nation are not yet prepared for cryptocurrency implementation or they just don't pay attention to it.  

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September 11, 2019, 09:58:48 PM
 #13

I strongly believe mass adoption of crypto will happen but depends a great deal on implementation of regulations and the completely participation of world heavyweight economies. Once these factors are achieved and publicly declared, it will be lead to a geometric adoption and usage of the crypto technology. Crypto has tremendous potentials and only needs a small push in order to achieve its true strength.

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September 11, 2019, 10:20:06 PM
 #14

I think more people are really not know the existence of crypto currencies because it has no physical appearance so they think it is a form of scam. But I believe in the near future more people will probably adopt what is the advantage having a crypto they will realize how valuable it is.

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September 11, 2019, 10:40:07 PM
 #15

The crypto space is not very noob friendly: bitcoin and blockchain are complex daunting topics; cryptocurrencies themselves are not very user-friendly; and the cryptocurrency space has gathered a bad reputation for being filled with scams. A small mistake sending coins from your wallet can cause you to lose your money and ruin your experience. So, while everyone has heard about blockchain and bitcoin, people are not only unsure how to get started, they are also faced with these high barriers to entry.
-snip-
I beg to differ. The crypto space is actually very noob friendly. Bitcoin and blockchain, both of them are not as complex as you think. The basics are very simple. You don't need to know in depth to how the technology works in order to use it. Using bitcoin is the same as using paypal. You need to make a payment? Just enter the wallet address of the user instead of his email address like you would when making a payment with paypal. Our computer is a very complex instrument. But as long as we know the basics we will be able to operate it. We don't need to know how it works in order to operate it. The same thing goes for bitcoin. You don't need to know how it works to use it.
Very interesting thought. I agree with you. The most important thing to understand the main points how to interact with crypto and then there will be no problems. If anyone is interested in how it works, he can easily figure it out and it just makes it a step above the rest of the users.

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September 11, 2019, 10:48:45 PM
 #16

You have done a great work, but however I do think the crypto is to a level noob friendly, the only thing required to get started is actually to get started because there are different informations to help one kick start a good journey. This forum is here to help, there are some interesting informations on YouTube etc. On the other hand, on the issue of mass adoption, one of the issues limiting is scalabilty of the blockchain which involves speed and so on; although different steps have been taken but we need more hands on deck. Mass adoption will take place but we need to get it right by focusing on projects with great concepts.

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September 11, 2019, 10:54:54 PM
 #17

Even the majority of exchange sites have been creating a guide to the new users to understand how crypto works and that's even a complete guide and i think your idea is not a good idea. I just try to imagine how you can compete with an active and popular exchange site.
If you don't wanna need to know deep about crypto and then you just try to know the basic like send, receive and store. that's enough for a newbie.
crypto is not a difficult thing like what you have explained. If someone wanna know and just read thousands article on internet about that.

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September 11, 2019, 11:34:12 PM
 #18

One major reason is the higher fluctuation rates that occur in the crypto industry. Your 10K can become less than 7K in less than an hours which is very pathetic and won't happen in the real world that we all know so when people see this, they do lose interest in accepting crypto.
Another factor is governmental organizations saying things to pollute the people from accepting crypto. They are know crypto is the best but they do not want to tell the truth about it and they keep beating about the bush concerning crypto matters.

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September 11, 2019, 11:36:35 PM
 #19

Those who came onboard to the crypto space at first knew almost nothing about cryptocurrency, let alone knowing about the technology behind it, block chain. So in one way or the other, people still get the information needed.
From personal experience, I was a noobs when I came onboard, but I still  managed to get to where I am now without any special aid.
So @OP, how do you intend to make it simpler, for other to know and understand better.

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September 11, 2019, 11:52:30 PM
 #20

I think for mass adoption, government who not let people to use it as currency with their regulations. We know for some countries, government make it illegal and even hold bitcoin is a crime, in the other side, mass adoption need regulation that can let people at least hold bitcoin or maybe make it as currency. Maybe if in future government change their mind and let people to do that, mass adoption can be possible.

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