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Insight



View Reddit by damian2000View Source

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21 Comments

  1. Oh hell yes. There’s a ton of people in the crypto space that can’t seem to accept any criticism of it or the fact that it’s not able to solve literally any problem anywhere, immediately.

    It’s a huge deal, and its future is bright, but that doesn’t mean that it doesn’t have its own disadvantages, too. And that’s okay. That doesn’t change its utility or its future, but it does ground it in reality.

    Earlier, I was talking about how crypto wasn’t ready to take over all current payment systems because of the extreme volatility, but that I thought it would eventually achieve the goal of becoming a global payment standard, and the person that was replying to me just couldn’t accept that, lol. Some people need to hype things up to extaordinary levels to make themselves feel okay about the dips, I guess.

  2. I was talking about the internet in 91 and it was clear to me then that it would basically take over the world. Back then it was things like Archie and other shitty interfaces but there was a bit of www, just not much outside unis and such. It was the concept that made me realise, I could extrapolate where it would go.

  3. Crypto is going to be a thing in the future. Though a lot of people are just into it now because they think they’ll get rich. I’ve seen people say Doge will go to $1 and whatnot here on this reddit. So, clearly a lot of people who trade crypto has absolutely no idea what they’re doing, and are only doing it because they think they’ll get rich.

  4. bitcoin is slow and bloated, but having companies put it on their balance sheet its a move towards more companies accepting crypto. i dream of the day i can have a wallet address on my brokerage, and send myself funds to the market with nano or xlm or whatever the best speedcoin they accept

  5. Perfect. This is the tweet in case you would like to show it some love.

    [https://twitter.com/benedictevans/status/983327882930991105](https://twitter.com/benedictevans/status/983327882930991105)

    And while you are at it, google David Bowie interview 1999 from the BBC.
    it is the perfect thing to show people doubting this (after all, who is this evans guy) and the internet part starts around 9 minutes.

  6. At this point even the tech is decades old, imagine having to pay a fee to pay in cash PLUS normal taxes lmao. What’s groundbreaking about an extra middle man in every single transaction you make. I have to spend thousands a year to use it like the currency it’s supposed to be just because it’s deregulated? Where does the money go? To pay miners? Then why are there more btc in the market added regularly to pay miners too?

    You can’t transfer a dollar without being charged. Go hand someone a dollar and see if someone charges you a fee, bitcoins tech is moving backwards from cash “technology” from the year 3000 bc

  7. We’re still ahead of the curve, I think. Scams, pump and dumps, fake ICOs of the past have not done us any favors, but those will be long forgotten when crypto inserts itself in our daily lives.

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