What is one of the issues with Cryptocurrency?

All cryptocurrencies have a finite supply and the speed at which they can be increased is uncertain and not controllable by anyone. These supply limitations make cryptocurrencies unsuitable as legal tender because the static ‘money supply’ would deprive central banks of the ability to conduct countercyclical policy.

Why is crypto not safe?

Cryptocurrencies can be hacked One of the most common ways in which a blockchain gets hacked is if a single user gets access to more than 50\% of the nodes on the blockchain. In this way, the user can authenticate any transaction—even fake ones—by forcing a majority consensus through their more than 50\% nodes.

Why is cryptocurrency so difficult to adopt?

As long as the barriers for entry remain as high as they are, cryptocurrency will not achieve the trust and adoption it needs to become real money. This naturally impacts individual users in the form of maintaining multiple wallets, some of which are either user-unfriendly or outright user-hostile.

Can cryptocurrencies help to reduce the global economic friction?

“The wider use of cryptocurrencies is the next natural step in reducing friction in the global economy, supported by the adoption of tokens in local contexts, be they specific to geographies or industry-sectors.” Don’t miss out! Follow Crypto Finder

Should you keep your cryptocurrency in a regulated bank?

Keeping your cryptocurrency in a regulated bank might not be the cypherpunk dream, but it sure is convenient. All the problems between cryptocurrency and wider adoption have a solution, and sometimes that solution is just a bit more time as ongoing developments take their course.

Could cryptocurrency cause economic collapse?

Clearly the possibility of total economic collapse isn’t unique to cryptocurrency. There is a saying in regard to blockchains which states, you need speed, security and decentralisation but can only pick two. This is sometimes known as the scaling trilemma.