Comment by __MatrixMan__
4 days ago
Isn't that pretty much table stakes for being a cryptocurrency? Run a node (they're all open source), publish your address, and you're all set up to receive payments in that currency.
Every one I've tried "just works". The trick is getting people to join you.
> Every one I've tried "just works". The trick is getting people to join you.
As the other comment pointed out, if it's easy enough, that problem will take care of itself. I would also add "lightweight", cloning the entire block is not something everyone would do.
OK so its not trivial, but I really don't think it's a UX problem. Your grocer and your landlord don't accept crypto not because they can't figure it out, but because so far it hasn't shown itself to be an improvement.
It's got superior privacy properties, sure, but for most people that's not enough. Its gotta be better on other merits too. Until then it wont matter how easy it is to use because you'll still have to turn it back into fiat to use it and now you've just reinvented the problem you were trying to solve with crypto in the first place.
> Your grocer and your landlord don't accept crypto
I don't mind using fiat for groceries. I'm talking only about digital currencies for digital services. That's it, at least for starters.
> Its gotta be better on other merits too.
There, a market niche deliberately being overlooked. You can totally reverse benchmark this whole thing if you can actually see its current flaws that prevents it to become mainstream.
> and now you've just reinvented the problem you were trying to solve
One intractable problem at a time my friend. I feel like those are the excuses we've been telling ourselves to not even try. The fact of the matter is that it's going to take time even after you have the infrastructure in place. You can read endless HN comments complaining about, let's call it the situation, on the side but I believe if anything at all it's going to be a grassroots movement and it has to start somewhere. It's actually pretty straightforward, take something that is hard, that you're an expert in, and make it stupidly easy. That's the formula I use anyways but crypto is not my strong suit.
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