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RE: Dare we actually stop and assess the "value" of Crypto? 🤔🕵💵
I had an interesting discussion with @jvizzle86, about the value of crypto in the future, and he explained that it will probably reach a point of singularity where eventually, the usd value attached to crypto will get diluted. This means we start trading explicitly with crypto.
I share with your sentiments on alot of people investing on crypto for a quick gain. However, I can see that is the main reason why crypto has become very popular.
What people need to understand, crypto currency is our chance to break free from the grasps of capitalism. Decentralization is the best option we have right now to create a better world.
Thanks for the comment. The thing is when we say a coin has mooned we say, hey if I had of invested $100 five months ago I would now be a millionaire. But that's a millionaire in dollars. People seem to care how much they now have in the dollar equivalent as you can't really do much with Bitcoin. I mean I can't see the banks letting you pay your mortgage off with it as it's a threat to them.
"What people need to understand, crypto currency is our chance to break free from the grasps of capitalism. Decentralization is the best option we have right now to create a better world."
I would love that to be true, but sadly I think governments will just create legislation to make it extremely hard to trade with cryptos and cash it out to fiat. He who controls the exchanges controls it all and now most ask for your life history if you want to withdraw more than a few hundred and they actively tell the government anything they want to know.
This is very true, in countries, where bankstars basically, have alot influence on politics. But not so in other countries. The Japanese government have set clear laws to regulate crypto, which I believe is the proper path governments should be taking, as it is for the best interest of it's citizens. It is interesting however, to see how it will unfold in the near future. Fear of governments only means power has to be decentralized, power back to the people. I followed you by the way ✌
Followed you back.
Power back to the people would be the dream :)