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RE: How Early Are We In The Crypto Game?

in LeoFinance2 months ago

In my opinion it will be some bitcoin fork in the future that can act more like a currency. Effective currencies lead to true economic prosperity and in that masses of people see usefulness and ease of use is also necessary. Bitcoin is none of that. Bitcoin is a now corporate wallstreet rich mans' game. It's like walking up to the average person and trying to trade them gold for their dollars. They find more use in their dollars because more people accept them. Bitcoin feels like a venture capitalist and wallstreet fantasy come true and they own chunks of it probably almost all of it.

So i don't think the onboarding and adoption will come from bitcoin or 99% of altcoin projects. I think it will more than likely be a bitcoin fork with a good distribution system to the people where it was meant to be and not controlled by big insitutions and corporations .. a system not a business on the blockchain. An economic overall system that works for the people otherwise we can use the systems we already have in play.

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I think it will more than likely be a bitcoin fork with a good distribution system to the people

You mean like Litecoin?

The problem is that a digital cryptocurrency is only a step towards real money.
Real money has really weird properties.
Like it can't be accumulated, nor can it be skimmed. (but these are not the correct terms, something along the lines of you cannot make getting money for money's sake a thing.)

When a person manufacturers something, they also need to create money for which someone to buy it.
So the money, and the good, travel around in a big circle, and then extinguish themselves.

This kinda stuff will just be built into the block-chain of the future, but today they sound like weird, way out there, concepts.

No i highly doubt i mean like Litecoin. Litecoin is likely following the pattern of bitcoin. It's probably likely Litecoin distribution is even several times worse than bitcoin and every bitcoin fork for the most part. Bitcoin distribution is poorer than any major asset class in existence i'm sure.

I agree with this point.. ."Real money has really weird properties.
Like it can't be accumulated, nor can it be skimmed. (but these are not the correct terms, something along the lines of you cannot make getting money for money's sake a thing.)

Yes like staking to no end and seemingly this is what we do in most crypto projects. Bitcoin for example is no more valuable at $1 than it is at $100k. Speculation can push it to any value. We don't know the real value and large scale manipulation can achieve such things quite easily. So yes i agree with your point about the cycle of money. That's why at best i rate and value crypto projects on users and network. The more " attention value" the possibility of more value.

So to me for the most part cryptocurrencies haven't garnered enough attention value. It has the attention of institutions but not really retail investors.

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