Quote:
Originally Posted by Azure
All these companies are rapidly moving towards allowing crypto transaction on their payment networks. This will allow crypto transactions to be made without needing to compare it to fiat.
Visa
Mastercard
Paypal
Cash App
After that Coinbase & Crypto.com are the two most downloaded apps right now allowing people to hold & invest in cryptocurrency.
Bitcoin ETFs are becoming more mainstream, allowing people to invest in Bitcoin to hedge against the deflationary action of the USD as an example.
There are many other examples that could be provided where digital currency is being adopted, not including NTFs, smart contracts, blockchain security, payment processing, etc, etc.
There are also a lot of other digital currencies that I haven't even looked at, all of which are setting the stage on a variety of different fronts when it comes to finance. DeFi as an example is going to be massive.
So yes, to sit there and say that 'crypto is not going to be a thing' makes you look pretty stupid. We don't even have to wait 10 years to come back and take another look. You look stupid now. Congratulations.
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I think the talk that people will look back (or now) like they were stupid is a bit short-sided. I have been a proponent of cryptocurrency for a long time. I also have a target of 15% of my net worth tied into cryptocurrency, so I really do think it's a great investment.
But, let look at people who aren't in the know, you see so much BS and scams, NFTs are a great example of how great technology is being misused to scam people, for "digital copies" of images with no copyright? It's a cryptocurrency pump and dump game and some people have a hard time separating the scams from the legit coins.
Ya, we have legit coins and projects, but even within the legit stuff some of those project teams are soo bad STORJ was one that I was involved in. There project team is a mess. And let's be honest for every legit coin or token, there are thousands of poorly run projects or outright scams.
Heck one caution from my past TENX, seemed legit, had a deal with Mastercard, then they lose that deal, converted to MIMO and I've never been able to convert my TENX tokens to MIMO tokens.
Another project that I went in on that was a legit mining pool that wanted to expand into having an exchange, FINOM, which just up and disappeared.
Then you look at the talk and outright abuse people dish out (even on this forum) it's easy to see why people (even now) have skepticism of everything labelled cryptocurrency.