Why has crypto failed to break through still?

[Wind_FURY]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

It has already made a dent. As said a few times, the genie is out of the bottle, the cat is out of the bag, the Pandora's Box has been opened.

There's nothing the government can do to stop/contain the idea of Bitcoin. That's a dent.

[1714299976]

1714299976

[7788bitcoin]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Are you telling that you need to rebel against the government and risk going to jail for a very long time  . The government controls the money and cryptocurrency is not going to make a dent all of a sudden but bitcoin is making inroads and established itself as a major force, even in this market we have major flaws including transaction delays and fees and in a forum we can debate and challenge about status quo but you have to think again, is it possible to change the entire financial structure all of a sudden?.

[slaman29]

If not the government, then who? Can you imagine the most powerful entity in the entire country turning over the process of money printing to another? That is one huge blunder they would never ever commit. The power which resides in that process alone is immense they would never let it go.

This is what all the economists have been saying for decades, that because all that power is just too much, there is no way they would ever let it go, so the only way is for some workaround (other than blood revolution) which is exactly what Bitcoin is supposed to be!

[wxa7115]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Because that is the way it has been for a very long time, people no longer remember why this was a bad idea and why the people at the time fought against this but the government imposed itself, you need to get this, most people do not have historic memory and despite clear examples all over history about fiat currencies always failing people do not really know this fact and they are happy with the status quo.

So until the day comes an economic crisis that topples down the world economy finally happens and people go through great suffering then most people will simply do not understand why bitcoin is such a great technology and why it will be critical if we are to move away from this flawed system.

[georgeontheford]

Crypto is a hoax, calm down folks

[int03h]

Money printing has been the way governments have worked over the years to maintain a stable economy. They will continue to print money in the future. Cryptocurrency is in the process of asserting its favor and it is driving economic transformation. It is the people who will use the cryptocurrency and the government will have to fear this. Cryptocurrencies are very good at fighting inflation and reducing government oversight.

[fiulpro]

It took years for people to believe that earth revolved around sun and not the other way around.
It took decades for people to get used to the idea of science. Even though we are living in 2020 people still take time getting used to the idea, we have not yet Solved the problems of the real world.
Hunger
Poverty
Lack of electricity
Lack of education
Lack of employment etc...
If since 2009 ,this forum was built to an extent that it hangs every once in a while due to overcrowding. I believe we have somehow succeed to grab the attention. There are millions of users ! Literally, millions !
It hasn't been long but I do believe that it is working out great for the whole thing and in the future we will be able to get used to this more . Right now only the restrictions by the government is holding the cryptocurrencies back.

[tbterryboy]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

How exactly do you want it to happen, do you expect those who are in support of the cryptocurrency to go public against the government and start fighting them to stop printing money and stop making use of fiat? Because, I am not getting it. This is meant to be a slow process and steady, and with time we will grow a higher level than we are now.

So no rush, you can’t force it. Just be making use of cryptocurrency and do the little you can to introduce others , your friends and your families to it, and if they see it as a right thing to do, they will start making use of it.

[wheelz1200]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

It hasn't failed to breakthrough its a new technology in its infancy.  Computers didn't fail to break through in the 60s, people were just learning about them and feeling put its capabilities.  New technological changes or shifts takes a long time to go mainstream.  Be patient

[DabsPoorVersion]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

The reason is because money continues to become our means of payment,

It is not because the community is too scared to challenge the government, it is just the community don't even have to. Also, bitcoin is still on its early stage, a few more years, the dent that you are asking for will happen.

[meanwords]

Because Bitcoin is just not feasible to be used in your daily transaction. I don't know about you but the majority of people wouldn't use Bitcoin to buy an apple because of the fees and internet connection is one of the problems of the world. Internet is not free, not everyone can afford fast internet connection and not everyone have access to Bitcoin. It's just not feasible for Bitcoin to be used. Not to mention Bitcoin is so volatile, some just aren't risk takers.

[acener]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Failed to what?
Do you expect the crypto to really take over all the currency to be a single currency that would be used all over the world?
Aren't we too old to keep on dreaming that way I think we need to finally wake up and face reality that it is still too far from happening in this generation.

[Dsdaq]

Every new innovation has to follow through some certain stages before it full stage. I think crypto at large are still in there early stage of adoption, also most people are still sceptical and careful about investing in crypto.

[EdenHazard]

Because Bitcoin is just not feasible to be used in your daily transaction. I don't know about you but the majority of people wouldn't use Bitcoin to buy an apple because of the fees and internet connection is one of the problems of the world. Internet is not free, not everyone can afford fast internet connection and not everyone have access to Bitcoin. It's just not feasible for Bitcoin to be used. Not to mention Bitcoin is so volatile, some just aren't risk takers.

Of course you can't generalize something like that.
The use case of bitcoin specifically or any othe crypto in our real world has been quite complex issue for a couple years now .. well that's okay we are just entering the very first step of adoption , you cant jump up to expect bitcoin accepted everywhere in our traditional market, no you can't  do that in a single finger snap.

There's a huge blueprint and we are doing well so far , especially with paypal turn 180° supporting bitcoin after few years ago raging its user who transferred money into crypto related merchants,  banning them now they are close to joij the force. We are in the right direction. Early adopter will get the huge benefit because of this, so stay calm.

[Taskford]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Failed to what?
Do you expect the crypto to really take over all the currency to be a single currency that would be used all over the world?
Aren't we too old to keep on dreaming that way I think we need to finally wake up and face reality that it is still too far from happening in this generation.

When I read this kind of assumption I always get annoyed for those kind of word given since IMO this will impossible to happen since crypto in the first place is not been supported and I'm sure the government is the number 1 enemy if we talk about replacement.  As you said we need to face the reality and don't expect to much about it, Bitcoin and cryptocurrency most likely will be treated as digital assets which is not as strong as physical money.

[Spaffin]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Failed to what?
Do you expect the crypto to really take over all the currency to be a single currency that would be used all over the world?
Aren't we too old to keep on dreaming that way I think we need to finally wake up and face reality that it is still too far from happening in this generation.

When I read this kind of assumption I always get annoyed for those kind of word given since IMO this will impossible to happen since crypto in the first place is not been supported and I'm sure the government is the number 1 enemy if we talk about replacement.  As you said we need to face the reality and don't expect to much about it, Bitcoin and cryptocurrency most likely will be treated as digital assets which is not as strong as physical money.

I think it is worth recognizing the fact that today national currencies are very much depreciated and due to the fact that they are always subject to inflation, there will never be stability in the economy due to fiat currencies. Nevertheless, cryptocurrencies in many countries are already recognized as valuable assets and they are gradually winning the market and the sympathy of society, not only among ordinary people, but also among large investors, and as a fact confirming this, this is a large-scale migration of constitutional capital to the cryptocurrency market. In addition, the leap forward in large-scale adoption of cryptocurrencies for everyday use that we all expected is compounded by the recent market crash in 2018. Today, many investors are wary of investing in cryptocurrencies, but this process has become much more active compared to last year 2019.

[PonZZ]

Why are governments still in control of the money printing process?

Because money printing is like a tool to control the economy of the country.

[Yamifoud]

The government controls the FIAT printing process but they don't have such a thing to crypto. That makes a huge difference and I don't think we need to complain about it or otherwise, we want crypto to be controlled in corrupt hands. I don't think it was a failure in crypto ends, instead of being happy why we keep that feature. They keep printing FIAT because that is the need of the community, are we expecting that they will stop doing it? Not for sure...

Better not to compared FIAT and crypto, likely they are different from each other.

[Kasabus]

The government controls the FIAT printing process but they don't have such a thing to crypto. That makes a huge difference and I don't think we need to complain about it or otherwise, we want crypto to be controlled in corrupt hands. I don't think it was a failure in crypto ends, instead of being happy why we keep that feature. They keep printing FIAT because that is the need of the community, are we expecting that they will stop doing it? Not for sure...

Better not to compared FIAT and crypto, likely they are different from each other.

Yes. Crypto does not really aim fully to replace fiat because that's too far to be possible but having crypto as a good alternative currency is already good enough. We cannot demand for the government to stop printing fiat because it's their obligation to provide fiat for the country's needs. And for that, crypto is not really a failure because people are starting to trust it and for sure use it in the coming months and years.

[tyz]

Why are governments still in control of the money printing process? how has cryptocurrency failed to make a dent?

Because it's only been about a decade.

Many have lost patience with Bitcoin's supposed failure to "make a dent" over the years......they sold under $10, under $100, under $1K, and so on. Markets are all about patient investors taking money away from impatient investors!

Are we as a community too scared to challenge the status quo?

No. We're voting with our money. That's just about the most powerful statement we can make about the status quo.

That's right. Bitcoin, if you will, is a joint project that is only a decade old and has achieved a lot in this period. It's so easy to forget, but if you look at 2010 and 2020, Bitcoin and crypto have achieved a lot. Since it is a community root project, everything takes a little longer because it cannot be centrally controlled and commanded like a fiat currency. The seeds for Bitcoin and co have been sown and I am convinced that the harvest will come in this decade. Just be patient!