Biggest Bitcoin problems in my opinion:
- Too complicated for masses
- No 100% reliable back-up protection if private keys are lost or stolen
- No charge-back option (this is both pro and con)
- Not enough big merchants
https://temporaryerror.com/the-problems-of-bitcoin/I agree with you. But I'm sure that these problems will be solved soon, except for one. The biggest problem is that a lot of people simply don't know about cryptocurrency or they don't understand how it works. And there's also a type who refuses to invest their money in any crypto-exchange because they're afraid of losing money. To be honest, I don't think this problem will be solved in the coming years because old school people are used to living the way they live now and don't want to learn any new things.
What are your ideas on how to solve this problem?
Talk more about cryptocurrency
Explain its meaning
Explain how it works
Show the pros and cons
Explain that crypto is our future and why it's so important to invest in it right now
My uncle is 57 years old. He works in a small company. For some time he didn't want to hear about bitcoin at all. Whenever we saw each other, we had arguments about the fact that cryptocurrency is another way of spying on people, that people, who invest in bitcoin, are fools, and that they'll regret when all their money is burned out. Then I told him to read about this technology more and not the news public and some weird bloggers. I advised him to read some good books and documentaries about this system. And the next time we saw him, he completely changed his mind.
Now he tells me about his successes, how he started making good money. I'm very happy for him. Every time he thanks me for the fact that I clearly explained to him why it's worth investing in crypto. So this circuit really works!