The Adoption of Crypto Currencies will Accelerate Faster Than Anyone can Imagine.
Predicting the Rise of Digital Money.
Humans are not very good at predicting the future. Predicting where the use of digital currencies will be in 5, 10 or 20 years is a fools game but I am happy to be one of the fools. I saw this article electrek.com talking about the adoption of autonomous vehicles and it got me thinking.
I truly believe people who are betting that crypto currencies are not going to spread like wildfire have their head in the sand. Imagine if your business was horse carriages in 1900. You were humming along making a good living and then you saw a car on the streets. You might have thought, "that is cute but there is no way regular people will buy those things". Within 3 years the numbers flipped and if you were in the horse buggy business you were crushed.
The Power of Decentralized Crypto Currencies.
Last week we saw India ban the 100 and 50 Rupee notes. The War on Cash is well underway. The great thing about the internet and free markets is that we don't have to use the digital currencies that the governments force upon us. Their currencies rob the wealth of the people through inflation and control.
If you have been a user of Bitcoin over the last few years you have seen your wealth protected. Bitcoin and most crypto currencies are much less inflationary than government currencies. Banks are now paying negative interest rates to hold your cash! Did you know that if you had 1,000 Dash set aside in a Dash Master Node you would be earning 1% monthly? What bank can compete with that?
Crypto Currencies also offer us the opportunity to transact securely, rapidly and if you desire anonymously. The competition for digital cash is underway and the century of government cash monopolies is threatened. The benefits of going digital with crypto currencies is immense.
This year Anabell and I decided to take our business $200 Social in a different direction and that meant accepting crypto currencies. We want to be the Social Media Company to the Decentralized Economy. So in order to do that we had to start accepting crypto currencies as payment for our services. It was the best decision we have ever made for our business! If you are wondering how we manage to run a business using crypto currencies you can read these articles.
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Where is Crypto Currency Adoption Heading?
The great thing about the adoption of crypto currencies is that it is not going to be the typical players that make it happen. The unbanked people of the world will be the ones who provide the fuel of growth. Did you know 2.5 billion of the worlds population do not use banks? This makes me giddy with excitement. The only entry requirement to use crypto currency is a smart phone! Imagine what happens when companies like Tigo CTM have thousands of Bitcoin/Dash CTM's deployed around the world. It is already happening here in Central and South America.
You can Either be Involved or Sit on the Sidelines!
I don't know how you feel but this is the most exciting thing I have ever been involved in. Whether it is blogging on Steemit, promoting Arcade City and their decentralized economy, chatting with Christoph about the direction of BlockPay or opening a Bitcoin Embassy in Panama with Ira Miller. All I know is that the direction of growth for crypto currencies is to the moon.
Very nice Randy! keep up the great work. we are very fortunate to have you and Ana as part of the steem community.
Thank you Ric and we are proud to be here as well. You have definitely helped us feel welcomed.
How do we use the #BeyondBitcoin tag Ric? Where does it need to go?
The crypto killer app could be just around the corner. It may be arcade city
That is why I got involved. I don't like all of them but ARC and Steemit both spoke to me not literally of course. ; )
As you, I do not see how cryptocurrencies could not spread in a close future.
I expect that crypto will be something like the internet.
in that.
no one expected it.
By the time the big boys (the big corps and their chaindogs...the goverments) noticed it...
it was too late.
I'm all for decentralized everything.
It adheres to the principle of Dunbar's number.
Exactly they are already way behind the power curve.
Being behind the power curve for big (anything larger than Dunbar's number) organizations is inherent in their makeup. They can't help it , it's built in. Eventually things go to shit and they throw a temper tantrum.
Wars and stuff.
Maybe tech will allow us to avoid that this time.
Thank you for this high-quality post, @hilarski. I feel very optimistic about the future of cryptocurrencies. To me it’s synonym with the future of money on this planet. I choose to be involved: as a miner, investor, trader and evangelist. I think we all will be surprised by the scale and the pace of the cryptocurrencies’ adoption in the near future (3–5 years from now). Here’s to disruption! :D
Like I said above, I believe it will be a tidal wave.
It is already ramping up in China,by next year it will be manic.
http://fiatleak.com/
That is exactly what I am talking about. The Western media will be so far behind that people in the west will fail to catch on before the prices rocket higher.
Could Russia be next to hop on & contribute to the bull run?
"Sberbank CEO Shares His Bitcoin Experiences"
Awesome article, Randy!
Yup, the next big thing always explodes... hehe. Resteemed.
Thank you! I can't wait to see where we will be in 10 years but I don't want to miss the rise and our participation.
Nobody knows when, or how, but eventually I think cryptocurrency will be the inevitable future. Thought you might be interested in this video. Andreas Antonopoulos talks about infrastructure inversion and how it relates to bitcoin and cryptocurrency.
I will check it out. When the growth happens it will be like a tidal wave.
Thanks Randy. Love the article. Buy now or get left behind.
Hey Bill! Glad to see you stopping by. Absolutely, thank you for being one of the people who lit the fire under my ass last year to get back involved.