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Author Topic: The path to mass adoption of crypto  (Read 377 times)
joaoenmanuel (OP)
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September 07, 2021, 12:39:13 PM
 #1

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
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September 07, 2021, 02:11:22 PM
 #2

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology.
The blockchain technology was still a new thing for ordinary people and you must not expect this kind of new technology will be adopted easily by ordinary people in a short time. They will have needed the time to adapt to the next technology called blockchain.

So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
It must be bitcoin and ethereum. Both were getting adopted globally by countries, companies, and merchants in the future.
It doesn't make sense to mention another coin consider bitcoin and ethereum are the most popular coins in the crypto ecosystem.

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September 07, 2021, 02:58:06 PM
 #3

Today there are many cryptocurrencies available on the market (over 4,000 have been developed after Bitcoin), and we can invest in them and use them for payment online. However, even though there is an increased interest in Bitcoin and other cryptocurrencies, globally, there isn't a mass adoption of crypto.
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September 07, 2021, 03:29:13 PM
 #4

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology.
I'm pretty sure almost everyone has heard of crypto in different media platforms but they still stay away from it. Why? This is the effect of negative news from mainstream media.

This is how crypto is usually portrayed,
- "It's used for criminal activities"
- "It's unregulated"
- "It's pump and dump"
- "It's a bubble"
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September 07, 2021, 03:44:25 PM
 #5

As far as I know, ethereum is the first. Its smart contract innovation has been successfully adopted by almost all token-based crypto companies around the world. Since these companies were able to easily develop their versions of tokens, the growth in adoption would also have an effect on other coins dominating the market at the time that served as hedges.

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September 07, 2021, 10:51:21 PM
 #6

It seems to see that most of the replies above are promoting the Divi project. Honestly, I don't know that project and haven't yet read it. But what I see on its market price, it was decreasing and probably it means that this project has been not performing great this time. I'm not thinking bad about this situation but might be possible many investors are leaving out this project and look for something that they could generate more profit.
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September 07, 2021, 11:12:34 PM
 #7

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
Bitcoin stared to hit the main stream and have you hear El Salvador making Bitcoin legal tender today? This could be the beginning of mass adoption and fortunately to those who are living on a free country where you can use cryptocurrency legally. Bitcoin will continue to lead us into a more good opportunity, just keep investing and adopt as well, buy every dip and wait to make profit.
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September 07, 2021, 11:17:48 PM
 #8

I think for me, we can't force people to use the current trend, just like using Bitcoin or cryptocurrency.
But we can invite them, educate them about this. We should respect their decision, they have their own views too about cryptocurrency and for me the main reason they will tell you, "I don't know that, I don't know how to use, I am not techy, I am afraid to lose my money".

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September 07, 2021, 11:20:12 PM
 #9

I think mass adoption will come fast when many projects reach usability enough to let all people use crypto without problems. It's still too complicated - especially for old people.

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September 08, 2021, 06:33:56 AM
 #10

So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
Bitcoin.

We dont need any more crypto "projects" to defame the name of crypto. Truely speaking, bitcoin has all the ingredients needed to be able to the economy and altcoins can only remain on the sidelines to help out a sidekicks. Tongue

As you can already see, those stores that till date accept crypto keep bitcoin as first option. So you know now how the mass adoption is going to start and run.

We have seen many other blockchains attempt to take over this, but they have all failed miserably. Only because they have a human backing them who wants to make profit, while bitcoin is completely decentralized.

It seems to see that most of the replies above are promoting the Divi project.
It is a group of spammers. Make sure you report their posts as "Offtopic" and they will get taken down. Dont give any attention to them.

R


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September 08, 2021, 06:46:32 AM
 #11

I would always choose Bitcoin because we've already seen how people trusted. However, some people still need enough knowledge and understanding about what cryptocurrency is because if people will be aware of its importance, adoption will surely follow especially when they notice that it could provide convenience and financial freedom.
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September 08, 2021, 07:49:19 AM
 #12

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
it can't be seen which projects can be mass-adopted. but for now there are some coins that can be used for direct transaction systems in the world. including ethereum and bitcoin. These two coins have often been rumored to be accepted globally. for new projects, so far no project that imitates the two coins has been seen

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September 08, 2021, 08:00:32 AM
 #13

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
Crypto mass adoption is not something that can happen over night, it's something everyone must come together to make it work out just like the path that CZ (binance) choosed, if every crypto projects can keep giving their bests mass adoption will work out on its own, also we still have old people my grandma for example can't even operate any smartphone talkless of a computer so we don't need instant crypto adoption, it's going to take time and that's how it should be
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September 08, 2021, 08:53:57 AM
 #14

All top cryptocurrencies want to be used around the world and therefore developers of all top cryptocurrencies are trying to improve their cryptocurrencies to new heights all the time, as well also these developers are making marketing of their cryptocurrencies all the time so that as many people around the world as possible would start using their cryptocurrencies, but how we know most governments have a negative attitude towards cryptocurrencies and because of this mass adoption of cryptocurrencies is not as fast as we would like to see.
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September 08, 2021, 09:39:37 AM
 #15

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
If you are talking about the application of decentralized technologies in the real sector, for universal application. Then we need to consider a blockchain that can handle a huge amount of information, with cheap transactions and a multifaceted and easy to develop and integrate programming language.
Personally, I know that Near Protocol is applying its blockchain to the real financial sector. In order to make cryptocurrency more mainstream. After all, the capabilities of the Near Ecosystem are amazing in their versatility.
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September 08, 2021, 10:31:07 AM
 #16

People just need the time to accept crypto and blockchain. it didn't mean if they were prefer the traditional method over the blockchain technology. If you're asking your grandma and grandpa about this and they will be saying that if they will still prefer the blockchain tech but the different thing will happen when you're asking teens and they will prefer the tech over the traditional method. The development in the technology were running so fast. that's why the new generations will prefer to use the blockchain and various technology rather than still to use the old tech. I have been asking my grandpa about that and they were also saying the same thing like what you're saying above. The old generations were still worrying about the reliability of the blockchain tech these days. People should need process to adopt a new thing. This is also based on my experience too

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September 08, 2021, 03:47:51 PM
 #17

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?

I have met many projects that state that they have an ambition to spread all over the world. Talking about ways how projects can make many people aware of their work is to run a big marketing campaign. They should attract celebrities and big partners. And the most important thing is that they have to do something that is necessary for all people, and they should be user-friendly, of course.
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September 15, 2021, 05:42:53 AM
 #18

I have met many projects that state that they have an ambition to spread all over the world. Talking about ways how projects can make many people aware of their work is to run a big marketing campaign.
Marketing one project is not mass adoption of cryptocurrency but a specific currency only. I have not seen bitcoin-based awareness programs but altcoin specific events. It shows that developers only care for their own project but dont spread bitcoin's name while they take investments in bitcoin. Roll Eyes

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They should attract celebrities and big partners.
Having a celeb is both good and bad. Firstly we have seen many celebs come in this sector and get ripped off their reputation because the project went bankrupt. We dont want more Floyd backed Centra scams my friend. In most cases these celebs dont even have the brains to understand what crypto is and how it works. They are only paid promoters, which is not a good thing IMO.

Because when the project tanks the real owners will go missing while the celeb will be attacked everywhere on social media.

R


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September 15, 2021, 06:14:17 AM
 #19

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?

It is definitely true that the mass adoption of crypto is still miles and miles away and to be honest i am also one of those guys that just see cryptos as an investment at the moment and not as an alternative payment method for my daily life. To be honest i don't want to spend the few fractions of btc that i own to by myself something because i see BTC as an investment asset just like Gold. There are projects out there though that are accelerating the adoption of crypto. For example collateral pay.
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September 15, 2021, 06:31:03 AM
 #20

The biggest challenge for any crypto project is mass adoption and for various reasons many people still prefer the traditional method over blockchain technology. So, which crypto project do you know that has a real plan to expand globally and increase the mass adoption of your project and crypto in general?
DeFi will make crypto expand globally. Interest rates are below 0 in several countries now. Why would I put my money in a bank when I can put it in a DeFi platform like Spookyswap, Pancakeswap, or Ref Finance and make over 200% APY? Once people figure this out it's over for traditional banking. All you need is a crypto card and DeFi becomes your bank.
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