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RE: Crypto Opportunities 2018 - How To Spot The Next Waves This Year...
Good clear writing. If i understand your point about transactability:
i am a buyer of cheese and the cheese seller is willing to accept bitcoin as a form of payment for his fromage, then bitcoin is acceptable as a medium of exchange, no? Provided that buyers and sellers agree to it, the transaction can be made via bitcoin, but it is no more than a medium of exchange and has no other/intrinsic value, the way that, say, a cow or corn does.
Yes, I would agree with that. It's more just lending to the point that most people I see getting swept into crypto think its an end all solution. When really it's just the start and a new one. With BTC being simply a means of exchange. Which could be done in crypto, fiat, or even sticks of chewing gum, if that's whats agreed upon. (which is a real example from eastern Europe in the late 90s.) Now, this isn't to say that all crypto won't hold intrinsic value. . some may be pegged to specific commodities, gold/silver. or some other tangible asset. ^.^
"or some other tangible asset"... That might be the key thing...
Agree w the idea that crypto has satisfied the necessary but not sufficient requirements to reach its potential