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Author Topic: "Crypto will never reach mass adoption if it does not before more user-friendly"  (Read 331 times)
demonica
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June 03, 2023, 01:52:07 PM
 #41

I agree with what you've said. Crypto is complicated and can be hard to understand by everyone. Even when I'm starting to learn about crypto back then and even until now, sometimes it can still be hard. But I think everything is hard at first especially now that there are more technological advancements. Middle-aged to older people are having a hard time learning how to use their mobile phones so I think it's normal for others as well to have a hard time learning or getting into crypto. But I think the younger generation is more capable of adapting to the fast changes of technology. In the future, more people can and/or will adapt crypto tho it might take quite some time for that. Aside from that, we also need a more efficient way of teaching crypto easily for others to understand.
bayu7adi
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June 04, 2023, 06:50:46 AM
 #42

When everyone is aiming to have a Bitcoin, Bitcoin will become expensive and maybe kept as a luxury item since its supply is finite while adoption is ever-growing so we might find ourselves not wanting to part with our ever-increasing asset and wanting to keep it for maximum possible profit. So I agree that it is possible that an altcoin will be the one used for daily transactions and Bitcoin will be kept in stash as we will find ourselves keeping it for more profit.
What do you mean by centralized altcoin? Perhaps, yes.
However, up to this point, I still hope that Bitcoin becomes a more widely adopted alternative payment than altcoins. By seeking solutions to Bitcoin's limitations, at least Bitcoin's existence is more reliable compared to most altcoins that are created solely for developer profits.

At the very least, blockchain technology can be used by many people as an experiment. Until now, the implementation of blockchain technology continues to grow, but at a slow pace. It seems that the presence of governments or official institutions has control over the slow adoption of blockchain and cryptocurrency.
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