RE: The Cryptocurrency Revolution is Simply a Revolutionary Way to Acquire the Old Currency
Okay, that'll be 0.0000000025 BTC! The average transaction in the bitcoin network takes about two months, so we have free coffee served on the camping site at the back of the store, enjoy your stay!"
Man, I love your humor. 😂
Otherwise, I think that the current hype is a stage that simply can´t be skipped. BTC needs to grow beyond a certain valuation in order to be able to encompass big enough markets. And we are not there yet. BTC cannot survive long-term in a niche like it dwells in right now. It needs to grow beyond a critical size or it will disappear.
Both can still happen. However, as long as BTC remains on the growth trajectory it will produce Fiat millionairs as an unavoidable side-product. It´s human nature and noone can escape that.
The economical and societal transformation that early adopters had envisioned will follow (probably in unexpected ways) but BTC needs to grow much further before that can actually start. Fiat millionaires that arise along the way and the resulting FOMO is just a fire accelerant to get there faster. And yes, it may not be BTC that achieves that critical size first.
Cheers!
I hope you are right and we will see the change in the mind of the people. But that's the point, changing a currency system is not enough, i think peoples heads need to change.
If you are talking to people about cryptocurrency in these days, no one of them understands really much. They are not even interested for this stuff, just for the price. And i think this has to change. The people need to understand the revolutionary potential.
Usually, the mind of the people does not tend to change a lot at all. Those who are currently in crypto with the mindset of making fiat gains will keep that mindset. Most of them are anyway not interested in something like a revolution. However, that´s not key for the further expansion of crypto. It´s rather that those people who already have the right mindset but are not yet into crypto get onboard. And I don´t mean an intellectual elite but rather people for whom crypto can actually solve existential problems. Like those who suffer from being unbanked or from insanely inflationary fiat currencies. Those are the ones who will push the space forward in the end.
Like for example the Zimbabwe dollar I guess