You guys might be feeling the same way about crypto currency at the moment. Something definitely has to change in order to make our community more attractive to outsiders.
Sure, we have things such as Moolah, The Nexxus Corporation and Prypto making some waves, but the people who are excited about this most likely are already in crypto.
So how can we attract more people? Would it help if we made even more different crypto currencies, with more diversification?
Most likely, that will have the opposite effect. There are already roughly 300 different crypto currencies out there. Choice is good, but we’re overdoing it.
We simply need more attractive services. The fact that a lot of development on services is being done already, is great, don’t get me wrong.
What bothers me about this though, is the fact that they are designed for one , or in the best case , a handful of coins.
So what about the other people, who support a different coin? You can argue that they just have to exchange their coins to Bitcoin and be done with it, but you can’t really handle it that way.
It would be good to have a unified service that supports at least one-third of all different crypto currencies in existence.
Services such as CoinPayments are a step in the right direction, but if people don’t enable all coins to be accepted, it won’t make a difference in the end.
Then again, you also can’t force people to accept each and every coin listed on your service. That’d be silly and a bad business plan.
I wish I knew the answer to what has to happen. Maybe you guys can throw your ideas in the hat by leaving a comment below? Thanks in advance!
It’s a good question to be asking. I we have two major areas to better develop. One might be easier, more secure, offline storage. The other might be more standardized ways that businesses can accept coins of their choice. I would like to see some free software which prints a QR code with a standard protocol which indicates the balance due and a generated wallet owned by the business. Invoices or receipts could include this code ready and waiting to be scanned by the customer’s device and funds sent.
Maybe you would be interested in PeerTrade, software for trading between altcoins peer-to-peer. peertrade.org
You make a most valid point. You and as I am are foreseeing the market potential for some smart cookies to find ways to integrate the system and make it user friendly at the same time. It just shows how much this market is still in it’s infancy – which can be a beautiful thing.
Just look at mining. It took me almost 10 hours of trial and research to finally begin to mine my first scrypt coin because no one told me that the latest and greatest updated miner programs (CGminer, Cudaminer, etc…) doesn’t mean that it’s compatible with one’s system. I was trying to download CGminer 4.1.(whatever it’s at now) thinking that that was the best program for my AMD GPU card to mine on. I finally nagged a minepool website enough for them to reply that my GPU card only works with CGminer 3.7.2 or lower versions. Typically, a noob would think that the latest and greatest version would be the best for one’s system.
Point being is that this whole concept has much work to simplify it.
Another example, I just added a coin app system to my facebook page. I can now send TiPS to anyone on facebook if I want – yet they have to have the app as well. Signing up for the app and installing it wasn’t so bad. But I could see how a newbie would just be in shell shock, fear, and quit trying if they didn’t have someone walking them through it.
Again, point being is that this whole concept has much work to simplify it.
It will happen though, it’s just got to reach the right minds. Too many computer science geeks behind the system – with no social skill – to understand that in order for the system to flourish, it needs to be easy for any average joe to access and use.
Gonna take some time.