If by now crypto is not yet mass adopted and famous then somethings are not right. We have been lied to. We were told that 2019 is the year of the blockchain. What happened? What really happened?
Many have adopted the crytpo and few countries even started accepting transaction in Bitcoin. Only issue was many scam project came in last couple of years and people now taking additional steps before accepting anything.
The honest truth is that cryptocurrency is still very far from the mass adoption which was promised. The terrain is even much scary now owing to the increase in hacking of cryptocurrency exchange which has given substantial wealth to a handful of miscreants who stole from the exchange.
Cryptocurrency suppose to be a decentralized currency, however how to avoid scams? Security tokens will help with avoiding scams?
Many countries are not accepting the blockchain technology and CryptoCurrencies, I guess they just afraid of digital currencies which sometimes become scams.
Yes, that's a good point. The issue is simply that several persons are scared of making losses or losing their funds. This is the reason why I think the mass adoption of cryptocurrency would take a long while. Our focus now should be on achieving some extent of regulation which could bring confidence to the conventional investors.
With the negative information that is been published on the media daily, it would be difficult for people to entrust their wealth to the cryptocurrency industry. I won't blame anyone who choose to be scared because for real it's worth getting scared. I remember loosing a substantial amount of fund to cryptopia exchange after their security was compromised and an undisclosed sum was parted with.