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Crypto is the evolution of money. It's early days now. The one thing I know is that people are greedy and it's that greed that will make crypto function as part
by WheelsAtLarge 5y ago
Crypto is the evolution of money. It's early days now. The one thing I know is that people are greedy and it's that greed that will make crypto function as part of society.
It reminds me of the early days of the personal computer. Early PC's were useless to most people. But they were the greatest tool/toy to some. They couldn't get enough of it. Now it's crypto. It's mainly useless to most but some people can' t get enough of it. Add greed to that and there's no way people won't find a way to reduce its drawbacks and create useful tools.
Crypto's blockchain brought about the technology that lets complete strangers collaborate on a problem and be sure with high certainty that it's trustworthy. People just don't get how mind blowingly important that is.
It's slow in its development but it will have a great impact in our future. Give it time.
- AlotOfReading 5y agoI remember hearing this when I would ask what the point of Bitcoin was over a decade ago. Now major cryptocurrency networks have expenditures approaching the GDPs of mid-sized countries. It's well past time to retire the "early days" argument.
- egfx 5y agoGrowing organically through collaboration for the sake of it is very different then how computers proliferated. People were exposed to computers in school and work beforehand to them being introduced into every mainstream activity like internet banking and Amazon. Crypto is still stuck in a separate bubble universe where innovation only occurs within.
- ianai 5y agoPCs also seemed to have a ton of uses. More with everyday.
- tomc1985 5y agoCrypto? Or E-Cash? Electronic money, sure. But from a blockchain?
- CloudRecondite 5y agoGreed is definitely driving it and not actual utility, and that’s much different than the rise of personal computers.
- taberiand 5y agoCrypto is not the evolution of money, it's the evolution of the pyramid scheme.