What's stopping crypto from mass adoption?

[ccryptopark]

UX/UI

[Shallow]

Bringing crypto and all its activities to the common man or making the knowledge of crypto easily accessible by all and sundry; that's a nice concept and agrees with the saying that knowledge is power, therefore if majority of people will understand the idea of blockchain and cryptocurrency easily will lead to mass adoption. Also, on the other hand, I think in addition to making crypto related information easily accessible, it is worthy to make the blockchain scalable so that there will be faster transaction confirmation etc thereby challenging status quo; carrying out a transaction and waiting for long for confirmation isn't a good thing.

[TastyChillySauce00]

In my opinion, the strategy that could help people adopt blockchain technology and crypto trading would be making an effort to educate the masses about this technology. People will only adopt something that they have a full understanding of. Campaigns and advertising the technology on social media platforms where most people are participants would go a huge mile in helping the adoption of crypto.

Educating the masses will take a lot of efforts you're left with one option which is to make the masses interested into learning cryptocurrency if you are really trying to  make people adopt the use of cryptocurrencies. However I do have different opinon, the only thing that stopping crypto from mass adoption is the lack of regulation. Although cryptocurrencies is all about freedom but old people tend to be afraid of something that are not officially recognized by the government or the country they resides in.

[nanaimogold]

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.

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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

As regards fixing the issue, there should be a mechanism that converts the Ethereum recieved by the store owner to stable coin immediately on receipt to avoid loss of value(based on store owner's preference). With that been said, the perpetual hack and fraud incidents in crypto is also a major displeasing factor why adoption stalls

[michellee]

In my opinion, the strategy that could help people adopt blockchain technology and crypto trading would be making an effort to educate the masses about this technology. People will only adopt something that they have a full understanding of. Campaigns and advertising the technology on social media platforms where most people are participants would go a huge mile in helping the adoption of crypto.

That will help people to now better, and they can learn more about crypto. But so far, I think we are lack of giving information about crypto in many countries, so many people still don't know the existence of the cryptocurrency itself. If there are many people who already involved in the crypto world can spread the news about crypto in out there, I think that will attract more people to involve and join with crypto itself. I am sure people now become smart about something new, and they will search from the other source.

[Aldrinx00]

The main reason why cryptocurrency is not yet accepted worldwide is because of its volatility, businesses won't agreed on accepting payments that would decline in value in just a minute. Until crypto prices become stable that's the time mass adoption would happen.

[joshy23]

In my opinion, the strategy that could help people adopt blockchain technology and crypto trading would be making an effort to educate the masses about this technology. People will only adopt something that they have a full understanding of. Campaigns and advertising the technology on social media platforms where most people are participants would go a huge mile in helping the adoption of crypto.

Doing more advertising not only inside crypto related sites but also with other business related places will bring interest to it's viewers, afterwards it will also allow people to come inside and begin to learn things around this industry. Learning the deeper part of this market gives many people the chance to adopt and embrace crypto currency.

[HK88]

bitcoin and blockchain are complicated topics?
as we know that the crypto market is very volatile and the risk is always there. this is a real challenge. I mean, you have to be able to handle the challenges of crypto, if you can't master the market situation, you won't get good results. from this challenge you need to have a good strategy to avoid the risk.

[dudusix9]

I would say that there are 2 areas that is somehow slowing down mass adoption. 1st one would be companies/big players in the market. I can't really blame them but they're not yet seeing the benefits that they can get by utilizing blockchain/crypto into their system. There are startups that are using crypto as a reward system in their payment platform which would open the public eye into knowing more about cryptocurrency as a whole.

Second one would be the Government, simple things like them banning it from their country may spark the curiosity of the people but of course, they can't contribute to adoption since they can't own one.

[Godstrength]

I would say that there are 2 areas that is somehow slowing down mass adoption. 1st one would be companies/big players in the market. I can't really blame them but they're not yet seeing the benefits that they can get by utilizing blockchain/crypto into their system. There are startups that are using crypto as a reward system in their payment platform which would open the public eye into knowing more about cryptocurrency as a whole.

Second one would be the Government, simple things like them banning it from their country may spark the curiosity of the people but of course, they can't contribute to adoption since they can't own one.

India was proposing the ban of cryptocurrency and going against that may result to jail time. As for the companies, there are big ones like AT&T, Walmart, etc. that are already making its moves by making their own coin or accept crypto as one of their payment methods to millions of their customers. We just needed more of the key players to start using crypto and promote it, together with known people in the different areas.

[Furryball]

The answer is regulation, if regulation comes alive in crypto world we will see huge mass adoption all over the world but i think some coins will be affected, coins that are been built for decentralized purposes and privacy coins also

[nxnqauff]

This question is too easy to answer. Since there is no regulations, people are scarred of easily getting scammed. In a way thats true. Thats why we need regulations in place for getting some trust and then mass adaptation will happen.

[Vishnu.Reang]

I agree that using cryptocurrency is not as user friendly as using mobile wallets or Paypal. But it is not rocket science either. If the noobs could spend 10 or 20 minutes in learning about the wallets and transactions, then they can get comfortable with the basics. But the problem is that some of these lazy guys don't want to do that. And then they complain that it is very difficult to use cryptocurrency.

[Bitcoininvestment]

I think that's one of the limitations of cryptocurrency. There are people who aren't capable of learning such things. Since unlike fiat, it's in digital, people who are not really good at technologies specially older ones, it's hard for them to learn crypto. Also the people from rural areas. Crypto is also not for people who are afraid of risk. It's one of the reason why crypto can't have mass adoption. Aside from the government, who's stopping or regulating crypto.

[jarhed]

I think that's one of the limitations of cryptocurrency. There are people who aren't capable of learning such things. Since unlike fiat, it's in digital, people who are not really good at technologies specially older ones, it's hard for them to learn crypto. Also the people from rural areas. Crypto is also not for people who are afraid of risk. It's one of the reason why crypto can't have mass adoption. Aside from the government, who's stopping or regulating crypto.

I think that you should spend another 10 years and then almost everyone will have cryptocurrency on their mobile phone or even on a chip in their hand.

[el kaka22]

Fully banning is not something that is done by all nations like people assume it is, fully banning doesn't happen to exist except few places, hell even China who looks like the most anti-crypo country in the world looks like they are just banning certain stuff regarding crypto, yes you can't join ICO's and yes you can't mine bitcoin but at the end of the day you can buy bitcoin even in china, you can spend it and you can cash it out, they are just limiting it heavily not banning it. That is why governments are not the trouble when it comes to mass adoption.

The problem arises from people not being able to spend it on regular stuff, I can't go to grocery store and buy a carton of milk with crypto, maybe there are like less than 10 shops all globally that we can do it, we need all places to start accepting it, then we will have mass adoption because people would be able to use it.

[mirgo1791]

the least on risks as feature from the developer gives of contrast on nuance as users to get of customs as appealing option on following distinct with personal reference of strategy as expecting with use of returns on target with the terms of compliance.

[wedosgibas]

That's a good mission, especially for newbies or new investors to learn and prepare. To support that you need a big partner to gain public trust.

[Akoldi_ibk]

In my opinion, the strategy that could help people adopt blockchain technology and crypto trading would be making an effort to educate the masses about this technology. People will only adopt something that they have a full understanding of. Campaigns and advertising the technology on social media platforms where most people are participants would go a huge mile in helping the adoption of crypto.

You made a very good point. Educating the people about blockchain technology and cryptocurrency will facilitate mass adoption. However, through my experience in crypto space, I've come to realise that self-taught or self-education is the key to have a full knowledge of blockchain which is always bred by love for the tech. Educating people should be in a way to awake the interest in people and from there, these individuals can carry on personally.

[TokenTuber]

can we trust this platform ...?
because most for now many platforms that provide a promotion that is so interesting and seem to be able to help all the problems in the crypto world. but apparently they only want personal information from visitors to be sold by them. or sometimes they look for target visitors so that these targets can be met which will then bring benefits to the platform development team.

Hey we do understand your concern regarding trust, because we also have seen soo many scam and profit only minded projects tearing crypto space. However, if you only spend five minutes on our platform again dont register just have a look, you can clearly see our aim is nothing like that, we would like to grow this community and again we are not solution every problem of crypto space we are only tackling one of them which we think is quite important and that is educating new comers, adopters to give them better crypto space experience.