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> you can create a wallet in seconds My mother, who is only slightly technically inclined, who knows how cash and cards work (for her), would not be able to se
by junon 5y ago
> you can create a wallet in seconds
My mother, who is only slightly technically inclined, who knows how cash and cards work (for her), would not be able to set up a cryptocurrency wallet, secure it, understand it, and use it, "in seconds" or otherwise "immediately".
This is the #1 biggest hurdle cryptocurrencies still have to solve.
And if the response is "well cryptocurrencies aren't for people like your mom", then cryptocurrencies have no benefit other than as a novelty.
- PaulDavisThe1st 5y agofair point, but if that is the threshold for "nothing than a novelty", we'd have said the same about all kinds of technology along the way. it's ok to say "this is really for younger people and future generations".
- edgyquant 5y agoEven then it’s only for tech savvy people. A ton of younger people are relying on “that one friend” to tell them about crypto and what/how to buy. I see it on my Facebook, even, kids I went to high school with who have no interest in finance asking for help.
- PaulDavisThe1st 5y agoLook, I'm in no way a fan of crypto (certainly not the way it has turned out). But you're thinking too short term. If crypto ever actually becomes widespread, it will be common for a generation that is not even born yet. They will not be (by comparison with their peers) be "tech savvy", certainly no more than today's 5-35 year old's are with respect to using smartphones.
- edgyquant 5y agoI’m not in disagreement, and I don’t really have an opinion either way on crypto I see it as a cool technology but I don’t care for politics, but I think the solution isn’t just that future generations will find it easier. I think that instead future generations will have an abstraction layer that makes using crypto as simple as using PayPal.