Hi guys , please how do you think cryptocurrency problems can be solved expecially when it comes to making people accept it more.. I'm thinking of building a cryptocurrency startup but I'm scared the industry is over saturated already
If you happen to know a few engineers who are experts in AI, ML, and Data Science, along with a few blockchain experts, and all of them are looking to change the world vs looking to get rich quick. I would work with you to create the white paper for a World Reserve Cryptocurrency, there would be no competition for such a product, however, it may collapse the rest of the crypto-market.
But yeah, if ever you assemble a group capable of executing a shift in the global monetary system, I may quite possibly have the bones of a white paper for you to do it with. Again, it is all in the ability to execute, the idea is worthless without execution. Best of luck!
FYI, I email argued with the founders of Etherium pre-ICO a lot. We agreed in the value of smart contracts, we strongly disagreed in the ICO as well as floating the 'currency'. The bottom line was that at the end of all our back and forth, truly high level conversations, they actually said "we didn't invest our time and resources in this project not to get paid."
That being said, here are a couple of problems for you:
#1 problem with crypto is its volatility
#2 problem with crypto is they 'tether'
#3 problem with crypto is lack of universal medium of exchange
#4 problem with crypto is relies on electricity
#5 problem with crypto is no industrial use case has been defined yet
#6 problem with crypto is forking / infinite supply is possible
#7 problem with crypto is ICO's are designed to cash out founders