It's Not Them, It's Us. 5 Reasons Why Crypto Has an Image Problem

Today, we see much of the same happening to the cryptocurrency industry and its growing image problem.

Many will blame the industry's bad image on FUD-or Fear, Uncertainty and Doubt.

Luckily, it's a solvable problem, but it's up to the industry first and regulators second to change the image.

The best way the industry can defeat illegal activity claims is to keep providing use cases for blockchain as a foundation for the next generation of technological innovation.

Self-policing within the community is a step the entire blockchain industry can initiate.

The various consensus algorithms are still sorting themselves out, but the environmental problem is clearly a top priority for some of the industry's brightest minds.

While blockchains themselves are extremely hard to hack, there are plenty of other attack vectors and vulnerabilities across the industry.

Cybersecurity regulation is long overdue in the U.S. and affects more than just the blockchain industry, as the Equifax hack clearly illustrates.

We need to collectively realize that the era of fast money-ICOs is over and start treating blockchain like the serious technological industry that it is-complete with regulation, rules, best practices and market niches fit only for those serious about building a better product.

All industries undergo growing pains, and blockchain is no different.