Quote:
Originally Posted by dobbles
I have a question that perhaps may explain why crypto seems less sensical to me.... I have not seen any store I go to that mentions accepting bitcoin. I know no one that has ever used it to get paid or pay someone with. I know you guys have mentioned paying contractors from across the globe with it, so my question is, do you guys think because America is so dollar centric (understandably so) that crypto just isn't as widespread here?
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I think the simple answer is that not that many people are familiar or trusting of it yet and that all of the layers of the financial industry needed to make it consumer friendly are still pretty nascent, so it doesn't make sense for most people at this time. Barriers to adoption are still being worked out, and it doesn't happen overnight.
I've known people who were getting paid exclusively in btc, and running businesses that were paid exclusively in btc, with nothing shady about their work. They're obviously rare cases.
I'm fairly confident we'll see broader adoption in future though. The issue raised around the 55 minute mark in the video I shared above about central bank incentives to move towards digital currency may hint at how digital currencies are going to enter most people's lives. The combination of surveillance capitalism and programmable money under central bank control seems a future that is all too possible.