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RE: The Truth About Money, Banking and Government... And Why Crypto Could Change Everything
I've been studying the underlying software architecture of bitcoin since spring this year and reading white paper proposals of projects like Cicada DDD, Iota, EOS...
One of the biggest problems with bitcoin is usability and along side it the centralized exchanges which now function to slow down the equity drain from national fiat into crypto. Decentralized exchanges still haven't solved the problem of liquidity.
For this evolution to really take off, it will require more businesses like mine (I'm CEO of my own software company) to start using bitcoin/crypto for payment. I've already started down this path.
Hello zoidsoft!
Please consider sharing your summary evaluations, having studied the Whitepapers of Cicada DDD, Iota, EOS.
By chance, have you been looking at the BANCOR Whitepaper? Your views on their reserve currency strategy to eliminate human market makers would be helpful.
Finally, please clarify what you mean when you say “along side it the centralized exchanges which now function to slow down the equity drain from national fiat into crypto”. What would speed up that drain?
Thanks in advance.
yeah right now bitcoin is still being treated like a speculative asset rather than a currency. Most people are buying it to trade on it rather than use it to buy goods and services. Until this changes where people start using it to buy real world good nothing will change. When you have a large amount of people constantly using bitcoin for transactions to procure goods and services this will ultimately cause a decrease in volatility which is where bitcoin can start being a currency rather than a speculative asset. Most important thing for any currency is to be a store of value, bitcoin has not reached that point yet. When its starts getting there you will see mass adoption