Thoughts on crypto

Future money

Do cryptocurrencies have a place in the world of tomorrow? We will look at some of the problems cryptocurrencies will have to tackle before becoming a viable currency for ordinary people to use. We will also look at some of today’s economically challengers that will be solved by cryptocurrency adoption.

User experience

The experience of the average person is still too technical. It is not the technology I am writing about but the way we keep our cryptocurrency secure. And the average person likes it when it is easy. So we need a system where you can use cryptocurrencies with ease and with little to no fear of getting hacked. I do know it that we always will be vulnerable to hackers and what I am advocating we as a community show that it is safe to use cryptocurrencies.

Usability

Looking at the places, we can spend cryptocurrencies we see that it is not that many places. So to gain adoption, we need places to spend our cryptocurrency. And I see several ways to drive forward adoption on this subject the first place I see it being able to drive some adoption is the adult industry, and you can read more about that by clicking here. Another suitable catalyst for adoption is the gaming industry since gamers are used to dealing with digital commodities. So if any of these two industries start to make it possible to pay to with cryptocurrencies, we will see the effects in other sectors. If we take the gaming industry, we would probably see ripples of adoption in other related industries such as computer hardware industries, fast-food delivery services and from there out to their supplying sectors making adopter go faster and faster.

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Volatility

A volatile market us great for investment and day trading but it is not suitable for current adoption. We need a stable market for adoption to truly take hold if just one or two currencies are keeping stability over a significant amount of time it might be just what we need to sell adoption to the masses.

Problem with FIAT

FIAT currencies are not without problems one of the best arguments I have is to ask people if they understand how the ecosystem and then people look like a question mark. The average person doesn’t know how their monetary system functions and few people know that FIAT currencies are debt based and only has value because we give it to them. If we all tomorrow chose to change the medium of exchange, it would collapse our FIAT currencies. Another problem we try to highlight is that our economy is debt based and this is an end endless spiral only digging us deeper in debt until the system collapses.

But let’s end on something positive

As I see it the future is not one or the other for a long time we will see both types of currency both FIAT and crypto. So it is not too late to invest in cryptocurrencies. So if you want a simple solution to buy and sell cryptocurrencies, you might want to look into getting a coinbase account which you can sign up for right HERE.

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The Golden boy
I have a long background in cryptocurrencies, I first heard of Bitcoin back in 2011, did take much notice of it back then, but as time went on, I have got more and more into the idea of a decentralised economy. And have slowly accumulated cryptocurrencies since around 2013, since I didn’t have a lot of money at the time I started slowly. I thought of it more as a statement than an investment. It is first in 2016 I began to see how significant a potential there were in bitcoin and other cryptocurrencies.

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