Why some writers think cryptocurrency has failed to fulfill its main purposes?

[Brushless4500KV 4214]

13 hours ago, usamah said:

I think that someday these writers will change their ideas when they find that the whole world has become dealing with cryptocurrencies
Today we see companies offering their goods in exchange for cryptocurrencies, and cryptocurrencies have become widespread everywhere, although they have a short period, but they have created a place for them in this world.
Thanks for the topic

There is no doubt about the fact that, not only negative writers but also all the people who are currently against crypto will have to give up and accept it the way it is. When the big wave of crypto sweeps all the countries and all businesses are occupied by digital currencies, everyone should add it to their plans as an alternative whether they want it or not. It is like the same story that happened about 30 years ago. In that time, people only dealt with paper money and it took a long time before they accepted electronic money. Now, we are moving from electronic money to digital currencies.

[Mella 3680]

I'm not seen this happens and it is very early to say this. It is like say that artificial intelligence failed because it is still not work like in the movies. It is very early and we are have a long time ahead before crypto it is adoption.

[wassim19 645]

Because some mystery among people about cryptocurrencies is removed, and there is a very small percentage in the world who knows digital currencies and uses them about 1 percent of the world's population, so there is still a lot until people start using them and this is considered the beginning of digital currencies and will occupy the world in all transactions in the future

[saradz 2259]

I think that dealing with digital currencies in commercial operations is still very early because there are still some concerns about dealing with it, but after some banks and institutions started to use cryptocurrencies, this will have a good effect on the opinions of skeptics about digital currencies.

[Fixfin 2569]

Safety speed and fees are really important. If a cryptocurrency provides better terms than banks to the merchant world then I don't understand why they would choose to pay fees to their banks for each transaction and also have the money in their account with a delay of at least one day.

[yonkii 3205]

On 12/14/2019 at 4:25 PM, Brushless4500KV said:

1 - Few shops or retailers in the world accept crypto payment method. They welcome fiat buyers.

2 - The crypto technology is complex and it is hard for some people to create a wallet and convert their crypto to fiat

3 - Cryptocurrency is safe but some trading platforms are unsafe and hackers may run away with people's money

4 - Cryptocurrencies have high transaction fees

1. I agree but I think this will change. More shop owners want as many payment methods as possible lately, I am sure they will accept crypto perhaps starting from next year.

2. It is harder to create a bank mobile wallet, believe me.

3. This is why we have cold storage wallets and use the hot wallets only for small money that we will use for our purchaces. Banks are less secure.

4. There are coins with zero transaction fees too.

[cryptovlek 2597]

I think that it is not bad to say things with their name. We have high fees in Bitcoin and Ethereum. For Bitcoin it doesn't matter right now as it is viewed as digital gold and not for transcations. But for Ethereum it is important because it makes the dapps built on it unusable. Also the rest written are problems and there is need for more to be done for adoption.

[decemberends 1881]

While some of them are true because that is of the upbringings of the events happening and also like others said so crpytocurrency is still young and only a decade ago so you wouldn't expect yet something incredible yet but we expect something crazy to happen someday though.

[Chief executive officer band 681]

They most likely critic by this time. And I have faith in that cryptocurrencies are even now in the inside of their style to the goal. And nearby will be scores of changes and innovations allied to cryptocurrencies in the imminent.

[annayks 2314]

This kind of adoption will need the regulatory approval of governments. Since they are trying to block crypto instead this is the main reason of not having the best mass adoption we were expecting in previous years. But this is changing day by day.

[BraveHeart01 1569]

It is just a start of cryptocurrency  in the future  it will surve all the purposes  yiu are talking about, it needs time to fulfil  all the requirements, just wait and watch.

[kryptonick 2659]

The problems with hacking affect platforms and not the cryptocurrencies. But some cryptocurrencies have more problems that can be 51% attacks. These are mostly weak hash rate coins that have low difficulty because of lower profitability. This is another problem when viewing cryptocurrencies in total instead of selecting some and looking how they did so far.

[malik6314193 5449]

Mostly the primary use of crypto currencies was movement of money across the world free of cost. Now this al is happening. We can send money with no fee in a minutes. 

May be in others it have been failed. 

[Husnyjaf 1784]

10 hours ago, Mubiflow said:

I don't think cryptocurrency have failed in anyways infact its has not reach its peak and it's causing allot of waves in the market NY the time it gets to the level or time the fiat have spent it will be crazier than now

Every writer has the way they view their things, no matter how good something is Many people will still criticize it, cryptocurrency is still young, its developing its will soon exploit in the world market. 

[han4036 307]

Cryptocurrency has not yet been adopted around the world and buying and selling cryptocurrencies is often considered illegal and many people do not know about cryptocurrency but it has a better future ahead if it is safer and more secure than it is now. 

[MalikAdnan 1662]

Yes there is some writers write against the crypto. Because there are little bit reason that are everyone not accept the crypto currency. They refer the fiat. Transaction fees is the main problem so therefore they write against crypto

[Khan 1414]

On 6/7/2020 at 2:49 PM, Zalaks007 said:

I think this is because cryptocurrency is not yet accepted around the world but when it does, am sure all this lapses mentioned will be taken care of and will be made secure and safer than it is now.

Right as until the crypto has been accepted by all the world countries the use of it will be minimum because of the ban in many countries and it has still the bad reputation because of the black market.

[Mwangi 5611]

I think its the same , its really that, we need to have that unique chance , but the truth is its not really working, we have the replica of of there is always that powerful the greatest work we have to really be sure of what is good , there is a lot of similarity with the fiat currency system and its going to work out perfectly and we need to really enjoy that and grow with that, so to me its all the same , nothing has actually changed.

[SvenIronheart 44]

I think those writers only write their content based on their observation but not through experience, it's through that some of the reason they stated exists in crypto world but using crypto is still safe and profitable if you are smart and careful. Also the reason why cryptocurrency is failing to fulfill it's purpose is because people use crypto for their own, some use it for illegal transactions too.

[khan22 3478]

The writers will invest in this business and than they make loss and after that they just start thinking and they write the article and the books in which they explain about the crypto currency failure but they are not write their own failure in that books or in articles.

[Abdul1168782 572]

Yes these expects are true because everything has advantage as well as disadvantages. And by the advantage we take the things and by the disadvantages we can't leave that thing but have to remove that disadvantages. So we have to do this that we have to remove these disadvantage.

[setifien 1016]

In my opinion, it's early to talk about fulfilling the purposes of crypto as it's a very fresh field, and it faces many problems, especially with authorities and banks lobbies that try to destroy this "new alternative"

[Froshk 1828]

Well many individuals have different perspectives especially when it's is about complex sectors like crypto currency, for me I think cryptocurrencies have actually succeeded in making eternal marks that would be noticed even by the posterity 

[Serbberq 724]

The only reason is that cryptocurrency have become insecurity activity which there are allot of fraud and illegal activities that make government not to accept it and bring set back within the digital economy. 

[zhoutong 2188]

These are correct in a way. Bitcoin was being adopted but fees forced many business to stop accepting them, nobody wanted to buy  with high fees anyway and although there are more cryptocurrencies it was the need to lack of knowledge how to use them that made the shop owners not wanting to deal with hundreds of cryptocurrencies. If it was or is something that will be adopted it will be Bitcoin. Although something else can be better at a time later.