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What are some of the current problems with crypto?

What are some of the current problems with crypto?

Problems
  • Stressful to send funds between wallets. One typo could result in total loss of your funds!
  • Lack of ease-of-use if you're not well versed with technology.
  • High gas fees, the more people use or transfer a coin the higher the cost will be!
  • Mass adoption takes time delaying crypto moons.
  • Massive amount of shit, meme & rugpull coins.
  • The enviromental impact of mining.
  • Govenment regulation is coming.
  • Problem with inhertiance.
Worries
  • Lack of understanding from the general public.
  • The market is volatile and easily swayed by news, media & celebrities.
  • Shaky market and situation regarding the regulations at the moment.
  • Not all cryptos solve real problems.
  • Adoption.
Something that Crypto does however is fight inflation & give power to the people instead of to the banks.

 

I am not saying that you should always worry about these problems or take them to heart. But it's important to keep the flaws of a system in mind before you invest.

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Austras
Austras

Product manager & tutor, love learning & teaching others. || https://cointr.ee/dorfel


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