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I see your point, there’s more friction at scale but on an individual level I question if the friction is enough. I hadn’t seen those programs, but it looks lik
by smaryjerry 5y ago
I see your point, there’s more friction at scale but on an individual level I question if the friction is enough. I hadn’t seen those programs, but it looks like they are at least able to make a trade to a traditional bank account via which does make things better even if you are limited once it gets into your bank account. I’m wondering if I could make a $1M+ transfer to an account without an issue, maybe a few hundred or thousand works fine without setting off alarms with the banks and govt simply because it’s not worth their time. But the heart of it is really being able to actually buy and sell goods and services. It seems that every time a company starts accepting it they stop, Tesla, valve, and more. I think that’s pretty much going to be determined by government regulation and the way governments tax transactions. If they are taxing it like an asset and not letting it inflate or deflate tax free like a currency then it will get really tough to do taxes for sellers. Yes earlier is better, 2 years ago is better than now and I’d probably estimate 2 years from now will be better than now as well as long as adoption continues to increase and more true use cases evolve. I may be a bit pessimistic but it feels like we should be well beyond the ability to buy and sell goods easily if it were to reach mass adoption. But obviously from your responses I have a lot to learn myself even as things are changing.