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The Biggest Hurdles for Mainstream Adoption in 2020

 
The Biggest Hurdles for Mainstream Adoption in 2020
Breaking News / Crypto Market
  • Farbood Nivi, the founder and CEO of Coinmine has recently been asked some questions on the mining startup.
  • Founded earlier this year, the firm is actually the manufacturer of the Coinmine One.
  • What makes the Coinmine so special and stand out from the crowd is that you don’t need to be a boy genius to understand what is required.

Farbood Nivi, the founder and CEO of Coinmine has recently been asked some questions on the mining startup in a new interview with CryptoSlate.

Founded earlier this year, the firm is actually the manufacturer of the Coinmine One which is one of the first all-rounder, in crypto device terms, that is made for use by all.

What makes the Coinmine so special and stand out from the crowd is that you don’t need to be a boy genius to understand what is required to set it up and start mining.

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Nivi was asked on his predictions for the coming year. He didn’t give a clear answer but did mention one of the most anticipated events to come out of the space in a long time, the Bitcoin halving.

“I predict that crypto will continue to be difficult to predict. I think the Bitcoin halvening could have a big impact on Bitcoin’s price. Virgin bitcoin that are freshly mined sell at a premium of 20 percent. I can’t imagine cutting the supply of them in half one day won’t affect things like that premium.”

Later in the interview, the founder was asked a generic question on what he believes the biggest hurdles are for cryptocurrency in the fight towards mainstream adoption.

In response, he said:

“Ease of use and value prop. I think these are the two points of leverage to make crypto mainstream. I think this is why Jack Dorsey is focused on Bitcoin in Africa now. There is high leverage for the value prop in Africa or anywhere with volatile monetary conditions. Ease of use is always an obstacle for any technology’s adoption, if not the biggest obstacle.”

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