Why has crypto failed to break through still?

[eaLiTy]

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.

Everything in the solar system revolves including the sun and science changes with time as new studies comes in .

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...

Education will sort hunger and poverty, employment you need the complete support of a government to open up new jobs.

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 !

Server issues can be a reason for hanging  and i doubt this forum has hundred thousand users logging in simultaneously at a time ever. Most of these accounts are dormant and mostly created by bots and many of the people i know from the cryptocurrency space are not even in the forum and the once that registered are not active, so this is not a benchmark.
 

Right now only the restrictions by the government is holding the cryptocurrencies back.

We have seen billions invested by financial fund houses inBTCitcoin and the government is not holding back anything. There are countries that banned the cryptocurrency space but anyone who wanted to invest have all the options available including decentralized P2P markets.

[adzino]

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?

Don't you think it is still too early for crypto currencies to take over? I mean the crypto currencies we currently have are far from perfect. Not to mention, do you really think decentralized financial  system is going to bring us more good than harm? I get it people want freedom over their finances, but that is something which the government cannot give us. Not everyone will be using it for legal activities. Even if crypto currencies take over, those currencies are going to be the centralized ones.

[iv4n]

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?

Don't you think it is still too early for crypto currencies to take over? I mean the crypto currencies we currently have are far from perfect. Not to mention, do you really think decentralized financial  system is going to bring us more good than harm? I get it people want freedom over their finances, but that is something which the government cannot give us. Not everyone will be using it for legal activities. Even if crypto currencies take over, those currencies are going to be the centralized ones.

Well governments across the world will not give up their control easily, with that part I agree! I agree that crypto is far from perfect too, but still it's much better than current fiat system! I believe that decentralized financial system will bring more good than harm!
It's too early for crypto to take over because many people are not aware of the crypto existence, and to not talk about how many people are not aware of what crypto can do! With time that will change, younger generations are taking over, and they are more open to technology! It's a fact, and changes are visible in some part of the world already.

[Cling18]

If you're trying to say that crypto should defeat or replace fiat, I think that will be too hard to happen. Fiat will always be fiat and it will always be functional despite the existence of digital money. Crypto is actually breaking through and we only have to trust the process.

[Febo]

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

They are still in control because they did not printed enough. In some countries they did long ago and are not in control anymore. In those countries people simply started to use some currency from other country. Just the same way as when your county currency start getting high inflation people will move to Bitcoin. 

[Twentyonepaylots]

If you're trying to say that crypto should defeat or replace fiat, I think that will be too hard to happen.

It is nearly impossible to happen given the fact alone that cryptocurrencies is powered by fiat money. Cryptocurrencies won't have any value if there are no injected fiat at the first place.  So rather than saying defeating or replacing fiat, I think it is better to call it a money transition to avoid mass confusion.

Fiat will always be fiat and it will always be functional despite the existence of digital money. Crypto is actually breaking through and we only have to trust the process.

We just don't need to trust the process, we need to participate in the so called process, it won't work alone.

[FlightyPouch]

There are a lot of people explaining that it could replace fiat but that won't happen since it is not the goal of bitcoin to start with. It would go as an alternative but I don't think it would be the main. People are not scared, it is just that we are not supporting this crypto currency because we want to take down fiat.

[Shasha80]

We have to be able to think logically, there is no way we can force the government to adopt cryptocurrency. And it is natural that
the government still controls printing money until now, because this has been done for a long time. What is certain is that if crypto
has not been accepted by the government, it does not mean that the crypto community is afraid. However, changing the old financial
system requires a long process, we must be patient in following the process. If we are patient, we will definitely get good results.

[gentlemand]

Money has been basically unchanged for generations. You don't introduce a completely new form of it overnight. It took long enough for the internet and mobile phones to get going and they were basically all upside.

In some ways crypto has moved far further than I expected by now. Seeing the headlines we see these days would've seemed like flat out dreamland when I first got going. Even so it's going to be a long road and there are phases to come that we may not even have conceived of.

[Finestream]

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

Why not, they are the government, who do you think would print money, some individual or a private group?

People trust them and they put them in that situation, and that's what we have a government to government people.

how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

We always want crypto to be recognized but at the current state, the adoption is still low though increasing, all we can do now is just wait until the government will strengthen their regulation on crypto.

[barbara44]

Don't you think it is still too early for crypto currencies to take over? I mean the crypto currencies we currently have are far from perfect. Not to mention, do you really think decentralized financial  system is going to bring us more good than harm?

Most of us seek freedom, but if given that freedom, we are going to do worse than what the government has done now.
Imagine a world where people are having that kind of freedom in everything ?? People will be committing crimes and doing it without fear of any laws that will stop or punish them for whatever wrong they have done.

Even with the government and the rules and regulations being set in place there are still those that are misbehaving and disobeying the rules. All we need is a better government, and to speak up for ourselves, because one thing for sure is that the government will not give us that kind of freedom that some of us seek.

[bits4books]

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

And who should control the printing of money? A private company? Some separate and independent but still state institution? Or who?
I personally am not sure that you can trust anyone to issue money except for the state/Central Bank/other existing issuing institutions.
At the moment, Fiat money is too fragile and at the same time a very strong tool to give it to private hands.
Again, the transfer of the issue to private hands will entail the creation of additional regulatory authorities on the part of the state, which in the end will result in the same control of the issue by the state as if nothing had changed.
Then the question is-why?

how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Simply because cryptocurrencies themselves are not independent and not decentralized in the full sense of the word.
Almost any currency is centralized in some way. Or by devs, or by mining power, etc

And when you will understand that in fact you do not need this "reinvented wheel" because why would you buy an apple for a crypto currency if it is the same process as if you bought it for dollars. The only difference is in processing and no more. Am I not right?

[Twinkledoe]

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

And who should control the printing of money? A private company? Some separate and independent but still state institution? Or who?
I personally am not sure that you can trust anyone to issue money except for the state/Central Bank/other existing issuing institutions.
At the moment, Fiat money is too fragile and at the same time a very strong tool to give it to private hands.
Again, the transfer of the issue to private hands will entail the creation of additional regulatory authorities on the part of the state, which in the end will result in the same control of the issue by the state as if nothing had changed.
Then the question is-why?

how has cryptocurrency failed to make a dent?
Are we as a community too scared to challenge the status quo?

Simply because cryptocurrencies themselves are not independent and not decentralized in the full sense of the word.
Almost any currency is centralized in some way. Or by devs, or by mining power, etc

And when you will understand that in fact you do not need this "reinvented wheel" because why would you buy an apple for a crypto currency if it is the same process as if you bought it for dollars. The only difference is in processing and no more. Am I not right?

I don't know who he is expecting to print the money other than  of course the government. If they will entrust this vital task to third party, there will be more chaos and doubts surrounding the institution.

Crypto is not yet mainstream because it is not easy to convert someone to fully trust crypto. And also, even us, crypto users are still mainly using fiat in our everyday expenses. The merchants are still small in number which are accepting crypto. But it is only a matter of time before they add crypto in their payment system.

[Janation]

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?

Afraid? Scared? I don't think so.

The government really are the ones that would control that process, it is not ours nor the people that hate them doing that. Cryptocurrency making a dent? To what? That is not the main reason why Bitcoin and other cryptocurrencies are made. We are on the road for that reason for a long time now and I think we can't ask for more than that and as time progresses something great is happening.

[Yatsan]

Ever since, we all do know that the government is the one who manages and facilitates money printing so how come question such obvious matter when at the first place, it is not really that new information to know about because the government has the power to do such thing. With regards to the crypto breakthrough, maybe you are expecting too much that you do not even see it that we are successfully moving forward and toward adaption on which it can be reflected how the demands on crypto rises bringing the price up which is an efficient proof that we are breaking through and we are already improving slowly but surely towards a progressive path. Also, it is not because we are afraid on the government, it is just that we are leaving them the responsibility of handling the money printing processes for they have already been doing it for too long and they are really the ones who handles it so why bother for the citizens to claim their job.

[Twinkledoe]

Ever since, we all do know that the government is the one who manages and facilitates money printing so how come question such obvious matter when at the first place, it is not really that new information to know about because the government has the power to do such thing. With regards to the crypto breakthrough, maybe you are expecting too much that you do not even see it that we are successfully moving forward and toward adaption on which it can be reflected how the demands on crypto rises bringing the price up which is an efficient proof that we are breaking through and we are already improving slowly but surely towards a progressive path. Also, it is not because we are afraid on the government, it is just that we are leaving them the responsibility of handling the money printing processes for they have already been doing it for too long and they are really the ones who handles it so why bother for the citizens to claim their job.

Actually, we are already doing good in terms of adoption considering that crypto is about a decade old only. Fiat money has been here decades. And there's no question about the government printing money, because that has been established a long time ago. Unless, he is expecting that some private companies will do that for the government? I don't think that's very smart thinking. Also, the government doesn't understand much about crypto yet, so they are very careful in laying out laws and regulations towards crypto.

[raidarksword]

I don't think crypto failed on adoption towards the future payment system wherein it achieved great accomplishments many of things like what paypal did recently by embracing bitcoin as part of their payment system.  In terms of banks, they also show some support towards crypto currencies and many news were published regarding that. We adopters are not scared of innovation and we believe that just small push towards it we can obtain global adoption.

[angrybirdy]

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 that, it is part of the government's job or simply they have the power to control the money printing process. Not ours and not even the cryptocurrency. It is not part of the scope of crypto because it is already outside of its capability. I don't know exactly what you are talking about making a dent but if you are looking for the progress of crypto, you should know it if you truly know what is crypto.

[slapper]

There are many reasons why crypto is still not fully adopted. But the main reason is absolutely the government. We have spent many years to build a fully centralized system which not just benefit themselves but also the society. Hate it or like it, you can not deny how well the system function currently.

Bitcoin and other cryptos still needs time to be completely recognized. In my opinion, we have already made a tremendous move toward the monetary. Most of the people on the world have heard about bitcoin at least one time. It is certain that in the future, this technology will be used oftenly in our daily life.

[Wind_FURY]

I believe some posters don't understand the "WHY" of Bitcoin's continued existence. It's finding inefficiencies to make them efficient.

The centralized cryptocurrencies can be censored by the government, and would have to follow the rules. It would be stupid to use that to find an inefficiency in the dark markets to make it efficient. Bitcoin works simply because it can't be censored.