Cryptocurrency Key: Earn Not Buy
Cryptocurrency is looked upon as an investment. People buy crypto with their fiat and they expect to get more back when they sell it. For this reason, the flow of crypto is almost non-existent.
In this video I discuss how we need a new mindset for mass adoption. The masses do not have enough money to get involved.
▶️ 3Speak
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I am earning on Hive, (and on steem but don't tell anyone)
I am earning interest on Celsius of about 7% a year...
That is a good start.
But once people start to earn in crypto that is when this whole thing tips over. It is still hard to spend your crypto even if it was possible to earn. More and more shops are taking it but it seems to be a slow process right now.
It goes really slow for a long time and very fast all at once.
Yes the idea of shops is really going to change things. We need a Hivazon if you will, a place for people to purchase needed goods in cryptocurrency.
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This is brilliant man. And such a huge nugget for everyone dipping their toes into crypto.
I love that we can put our HIVE to work for us here, in the form of delegation and leasing it out...But also turning business ideas into real things and accepting HIVE in the process. Most definitely see the future where this place can be a great place to earn!
Down the road I foresee crypto as being used to fund all different kinds of businesses and research. Believe it or not, we need more money out there to catch up to the technological curve which we fell behind. A new application is great but it is hardly a game changer.
There are a lot of areas that require tens of billions of dollars in investment. We will see a much different world in 15 years or so.
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Solid thoughts shared here. I am archiving this video and I've shared it's link to my recent post on Leo Content Tutorial.
Thanks for sharing.
Posted Using LeoFinance
True, it is a better idea to earn than buy or investing. Thanks for the informative video.
Summary:
In this video, Task discusses the concept of earning cryptocurrency rather than buying it. He highlights the speculative nature of cryptocurrency currently due to people mostly acquiring it through investments or mining. Task points out that the key to mainstream adoption of cryptocurrencies lies in enabling people to earn it through various activities. He mentions examples like Hive and Steam where users can earn cryptocurrency, emphasizing the importance of providing avenues for people to exchange effort for cryptocurrency. Task also touches upon the use of cryptocurrencies in games, like Minecraft, and social media platforms as a way to enable more people to earn cryptocurrency and drive mass adoption.
Detailed Article:
Task delves into the issue of mainstream adoption of cryptocurrencies in this video, focusing on the distinction between earning and buying cryptocurrency. He starts by explaining how the current involvement in the cryptocurrency space is mostly driven by speculation, either through mining or buying coins on exchanges like Coinbase. Task draws a parallel with traditional currencies, pointing out that people earn fiat currencies through various means, whereas cryptocurrency is predominantly acquired through investment.
He discusses how the speculative nature of cryptocurrency, akin to stocks, makes people enter the market with the expectation of profit, contrasting it with traditional currencies that are primarily used for transactions. Task underlines the importance of creating more avenues for people to earn cryptocurrencies through their activities, shifting the perspective from investment to utility.
Task mentions platforms like Hive and Steam where users can earn cryptocurrency through various applications, illustrating the potential for individuals to generate income in the cryptocurrency space. He then introduces the concept of integrating cryptocurrencies into gaming platforms like Minecraft through Ethereum-based applications like Engine. This integration allows developers to create tradable digital assets within the game, offering a new way for people to acquire and engage with cryptocurrencies.
Furthermore, Task highlights the use of tokens in platforms like Reddit to reward users for their activities, signaling a broader trend of incorporating cryptocurrencies into different online environments. He emphasizes that enabling people to earn cryptocurrencies through gaming, social media, or other activities can attract a wider audience to the cryptocurrency space, fostering a more inclusive economy.
Task concludes by advocating for a shift towards promoting opportunities to earn cryptocurrency rather than solely focusing on buying and investing. By providing avenues for individuals to earn cryptocurrencies through their regular activities, such as browsing or gaming, Task envisions a future where more people can actively participate in the cryptocurrency ecosystem, ultimately driving mainstream adoption.
In essence, Task's discussion revolves around the idea of transitioning from a speculative approach towards cryptocurrencies to a more inclusive and accessible model where individuals can earn cryptocurrency through their efforts, ultimately promoting wider adoption and utilization of digital currencies in various aspects of everyday life.