Mass adoption

in #bitcoin5 years ago

One of the few issues regarding adoption of crypto is security, retrieval of data and misplaced keys. In as much as we all want to be engrossed in mass adoption hype and jimble, we cannot overemphasize that the more mass adoption we have, the worse crypto will become. In terms of

  • Noob investors
  • Ignorant people
  • Mistakes in keeping keys
  • Security
  • Wrong transactions

These things then raise a strong argument against crypto.

An average Joe with 20m usd can easily make a mistake and send his 20 m usd in btc to a wrong address. This kind of damage might be colossal. This means we may not be ready if we can't find a way to prevent loss of money and also introduce insurance which can guarantee investors fund.

I really hope this can be solved in the nearest future.

Sort:  

Yes keys mention protection big problem

Posted using Partiko Android

Hello! I find your post valuable for the wafrica community! Thanks for the great post! We encourage and support quality contents and projects from the West African region.
Do you have a suggestion, concern or want to appear as a guest author on WAfrica, join our discord server and discuss with a member of our curation team.
Don't forget to join us every Sunday by 20:30GMT for our Sunday WAFRO party on our discord channel. Thank you.

thats has been the major challenge, most of the people i invited to steemit have lose their password, as they didnt back it up properly and hence hindering them for trusting the system

Coin Marketplace

STEEM 0.25
TRX 0.11
JST 0.032
BTC 62062.59
ETH 3002.04
USDT 1.00
SBD 3.77