Post by account_disabled on Jan 26, 2024 22:46:51 GMT -6
is dead Bitcoin png courtesy of Darkness3560 izmantojot Wikimedia One of the reasons why Bitcoin has not grown as rapidly as its most ardent advocates have suggested is the shift in what is expected of blockchain technology. DApps and NFTs are prime examples of areas where Bitcoin is lacking compared to other technologies. While it is possible to mint NFTs on the main chain, it is significantly more difficult. Similarly, DApps are more complex for this version of blockchain technology as it is difficult to implement smart contracts. FTX, the value of Bitcoin has decreased.
As a result, crypto marketing has declined significantly. . This is a problem for the industry as it needs constant growth and more users to increase its usability in the wider world. There are also various non-exchange companies that make Special Database matters worse, such as Bitcoin Bonus. Needless to say, the Bitcoin bonus is not legit. Although some Bitcoin bonuses pay off, a large number of them end up defrauding users. Bitcoin bonus payouts have been less frequent and this also affects the perception of Bitcoin. An industry in crisis Everything in the industry as a whole is changing. Investors are tired of the ground constantly shifting under their feet and are proposing legislative solutions.
The industry's most ardent advocates, who once espoused the unwavering idea of decentralization, are now calling for a Bitcoin tax and deregulation standards to legitimize the entire market. Such an extraordinary shift is understandable when one analyzes the instability that the market creates when left to its own devices. The prospect of regulation and industry-wide systemic restructuring is inevitable (or the industry will collapse). However, this does not solve an important problem - the perception of the industry. As the industry restructures, the main hurdle bitcoin will face will continue to be marketing. Its usefulness has not been established, and it has gained the reputation of being a rugpull and a pit for shadow practice. This problem will have to be solved by improving public relations and digital advertising. Public trust can be fickle after all. If you want to monetize your cryptocurrency ambitions, you will need great marketing.