The number one challenge for cryptocurrency projects in 2018/2019 = ADOPTION & USAGE. Only things that are widely used already are the blockchain platforms such as Ethereum. The Dapps built on Ethereum and other platform barely have any daily users… This needs to change, if you see the amount of money flowing to these projects. For Bitcoin it means being a form of payment. Project needs to focus on development and adoption/usage.

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15 COMMENTS

  1. I definitely agree with everything in your video. There are 1000s of crypto-currencies out there, that have no future. They have no usage features nor are worth adopting into the marketplace as a payment. Adoption for payments will take some time due to the votality of the market as you said, major bull run last year and it has steadied out this year, and hopefully will be steady growth. The bull runs and bear markets is what makes merchants uneasy when it comes to using CryptoCurrency as payments. Im heavy into the coins for now that have Actual Use case scenerarios that are already actively working. I've been mining and holding TONS of SIA coin for their database storage on the block chain. I'm holding as much ethereum as I can afford to as they are such a core coin having so many erc-20 tokens based off of them and smart contracts. My biggest holding however is DeepOnion. Not only are they a privacy coin with instant, cheap, and untraceable transactions.. they have unique features. DeepVault being one of them where you can immutably register any type of file of document on the blockchain. Judges have ruled that blockchain can be used for legal evidence in court, so its an active working blockchain notary. One of a kind….They have also updated their woocommerce plugin to work with any wordpress shop… Again adoption for more merchants will take time. If a coin doesnt have any feasible use case scenerarios or prospect of being used for payments in the future it doesnt make sense to invest in my opinion!

  2. Interesting vid Quentin, i'm glad you touched on this topic.

    With regards to projects built on ethereum. It is immensely frustrating to see projects like Aragon, Mothership, Cryptotask… festering in their own inactivity. I can't help but feel that many of the individuals involved are a little too comfortable. If these projects were structured and operated in a more traditional way with shareholder elected directors, i think the developers would be more focused and proactive, and also the projects would be more marketable to corporate and state clients.

    And with regards to payments, i guess that is fault of us the users. If we put our money where our mouth was, and only used cryptocurrencies online then the likes of ebay, amazon, netflix, etc would either have to lose ground against the emergent competition, or accept cryptocurrencies. In reality this isn't going to happen, we are mostly here as investors and have little to no interest in pioneering new avenues of commerce.

    Best of luck to Belgium tonight.

  3. Adoption of BTC will be tough. Anytime the network gets a high volume of transactions, fees go up and speeds slow down. Lightning network is a pipe dream.

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