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Developments In Crypto That Would Boost Adoption. by teesart

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· @teesart ·
$1.05
Developments In Crypto That Would Boost Adoption.
Very little of the world's population know about the existence of crypto and a much lesser population actually own or are involved with crypto. Most people who've been involved with crypto for a long time have had their fair share of the good and not so good aspects of crypto and as an industry expected to have billions of investors in the next few decades, I believe there are somethings about crypto that needs some urgent and special attention to help it's adoption rate get faster and swifter.

![](https://images.ecency.com/DQmScrudPPQJCgFaj2hiXquZBPAABiWzXtvpbM52P6YxXcd/images.jpeg_681.jpg)
[source](https://news.bitcoin.com/vietnam-philippines-india-china-among-top-countries-for-crypto-adoption-chainalysis-global-index-shows/)

Unlike fiat, crypto isn't so easy to understand unless you're actually educated to a good level and IT savvy. Take for example buying or owning a cryptocurrencies requires a bit of knowledge on how cryptocurrencies work, what crypto to buy and why,  how to secure your wallets and keep your investments safe, how to buy,  when to buy, when to sell etc. Whereas other investments in real time like minerals and real estate don't require as much investigation so long you can see what you're getting and you're satisfied with it. Perhaps a much simpler way of purchasing crypto and education on crypto matters on a global scale would help boost its adoption.

Secondly, the many risks associated with crypto has made people stay away from it including institutions. The risks with the volatility, the scams, the hacks, how criminals get away with crimes, the rug pulls etc. Not many institutions in real time have these kinds of risks and so this is usually a turn off when people begib to learn about the risks. Although i dont expect these risks to vanish instantly as some may take decades to fix and some may never leave the space as most investments in real time also have risks attached to them. But I believe a much safer space would increase the adoption rate.

Finally, use case. The reason most Web 2.0 platforms strive till today is their use cases and the problems they solve. Most cryptocurrencies as we know them dont have any use cases. Many were created with short term goals as a quick way to generate wealth and are dumped once the creators and pumpers have made money from them. Urility drives adoption and if we get more projects with actual use cases being created, projects that solve world problems, I'm certain we'd see a crazy level of adoption of crypto.
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@brennanhm ·
I'd argue that crypto is actually easier to understand than fiat currency. That is, if you actually want to learn how it works. 

Fiat is a collection of mysterious black boxes connected together that you'll never be able to fully wrap you head around. On the other hand, crypto is all open-source and made up of transparent, open ledgers. 

You can actually figure it out how crypto works if you put the time in. Whereas there's a very small select group of people who have access to all the inner workings of the fiat system.
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@yibbiy ·
$0.19
When people come to crypto for utility and not get rich quick, then it is the time crypto hits mainstream.  
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