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A better way to phrase this: why has it had no real impact on the market if those claims are true? Companies like PayPal and Western Union don’t seem worried, p
by acdha 3y ago
A better way to phrase this: why has it had no real impact on the market if those claims are true? Companies like PayPal and Western Union don’t seem worried, people never suggest it for in-country transactions, etc. suggest that the marketing isn’t true and the high transaction costs and lack of security matter more.
- babelchips 3y agoBecause it’s happening slowly and people aren’t paying attention.
- acdha 3y agoIf a decade and a half with many billions invested is getting such slow adoption, why do we think that’ll change?
- adastra22 3y agoYou have oddly fast timelines for adoption. These things take time.
- acdha 3y agoNone of the competitors needed anything like decades. Companies like PayPal, Venmo, Square, etc. had far more usage with a year or two of launch, and nothing like the high percentage of companies who started using them and removed the option because the fraud / benefit ratio was dismal.
- MBCook 3y agoThe iPhone came out the year before crypto. One of them literally changed the entire world. The other caused totally unnecessary climate change and a bunch of people lost all their money. So, I’ll ask the question that I seem to have to ask in every thread. It’s been 15 years. How long do we have to wait? 30? 50? 100?
- adastra22 3y agoI got involved with bitcoin in 2010. I never expected it to take off (price-wise) so soon. I thought maybe 2050, and I still think that's a reasonable guess. Overturning the global financial system from the bottom-up takes time. ARPANet started in 1969. The internet as we know it today didn't take off until the late 90's, and wasn't a profitable world-changing sector until the 00's.