Post
Topic
Board Economics
Re: What cryptocurrency needs most nowadays
by
sindikat
on 17/03/2018, 14:54:38 UTC
Decentralized exchanges are the ones needed most, we are trading decentralized coins in centralized exchanges  Grin but no worry we have great dex OAX developing

No, we don't need exchanges, centralized or decentralized.
If we're going to really move to a cryptocurrency we must start using cryptos directly.
Right now exchanges have gone far from what they were supposed to be and ended up as a stock market where everything is priced in fiat.

We only need places where people that haven't yet bought coins can buy them, and A LOT of places where people can spend their coins without having to sell them for fiat before.
Current exchanges should have the fate of those exchanges that Europe was full of when we had 15 currencies more.

Cryptocurrency needs proper identity verification
It's the most common thing needed it's the main reason that is stopping CRYPTO to enter real world.

Define "proper". Some might find your definition of proper identity verification a breach of privacy.


I fully support your opinion but I really understand that it is impossible now. The bitcoin community has become dependent on miners ' corporations. The basic principle of cryptocurrency has been violated is complete decentralization. Transaction confirmation rate is very low. The price of the transaction makes it impossible to use bitcoin for small purchases. How can bitcoin be used directly in such conditions?