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Monday, November 22, 2021

What do you think is the biggest obstacle to crypto mass adoption?

My friends and I got together for drinks the other night. We all dabble in crypto somehow (I hodl, others do DeFi, play games etc.) so we got to thinking: what’s stopping crypto from going all out in mass adoption? Here’s what I remember us talking about:

  • Obviously, shitcoins.
  • Barrier of entry, since games like Axie Infinity need a substantial investment just to get decent ROI.
  • Regulation, especially since big companies getting into crypto might mean legalization, more rules, and even taxation.
  • Lack of cross chains, because nothing’s more confusing than having to zigzag across multiple wallets just to get transactions done.

Personally, I’m sticking to my guns with lack of cross chaining. I’m not sure we have anything else reliable outside Polkadot, and I read a tweet that Celer Network just passed a milestone to get closer to a shared blockchain ecosystem. But I’m not sure if either of them are that widespread?

Since it was getting morning and Googling wasn’t helping, a friend suggested I consult the sub instead lol so here I am.



Submitted November 21, 2021 at 07:42PM by EnaGrimm https://ift.tt/3CIUCaS https://ift.tt/2Z7cX2s

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