When Will Cryptocurrency Go Mainstream?

in Threespeak - OLD9 months ago (edited)

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To answer this question, I feel it helpful to look at what is taking place in the larger technological context. We also have to consider what things will look like from an economic perspective.

In this video I discuss some of the factors that I am paying attention to.


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Quite interesting your thoughts on this. The prediction of 5- 10 years to me may not be achievably, a time for steem adoption, as long as there are no official adoption of this into the academic and corporate sphere. I am thinking of how we could have a crypto sponsored academic research which will help attract the corporate sectors. What do you think?

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Crypto sponsorship is a great way to get the names of the different projects out there.

The key first is to get people involved. Keep growing the number of users with wallets. Thus, the corporations will have to pay attention.

Posted via Steemleo

The key first is to get people involved. Keep growing the number of users with wallets

Indeed, many are not aware, even very educated people. The way to their awarenes would be when it gains corporate attention. I just created a community #hive-191001 and my target users would be students and Academics. I want them to begin research interests in crypto and have them published in journals and get to talk about them in seminars.

When they start sharing their research outcomes and earn some steem and related tokens, then they would be more interested in getting more wallets and expanding their transactions with crypto. THis would further let them begin to hodl and want to purchase tangibles.

Looking forward to when we can pay for conferences with Steem, LEO, other tokens and also purchase academic books and journals alike.

I would be glad to have your support and to join the community.

Posted via Steemleo

The key first is to get people involved. Keep growing the number of users with wallets

Indeed, many are not aware, even very educated people. The way to their awarenes would be when it gains corporate attention. I just created a community #hive-191001 and my target users would be students and Academics. I want them to begin research interests in crypto and have them published in journals and get to talk about them in seminars.

When they start sharing their research outcomes and earn some steem and related tokens, then they would be more interested in getting more wallets and expanding their transactions with crypto. THis would further let them begin to hodl and want to purchase tangibles.

Looking forward to when we can pay for conferences with Steem, LEO, other tokens and also purchase academic books and journals alike.

I would be glad to have your support and to join the community.

Posted via Steemleo

Interesting transit of Uranus in Gemini trine Pluto in Aquarius symbolize's network explosion of smart contracts executing on massive scale. This happens in the element air in 2026.

I do have a worry that I've not been able to settle about the possibility of fractional reserve bitcoin (fake bitcoin being issued on centralized exchanges that don't submit truth to the blockchain).

I think the key is to make sure that people understand how important it is to become your own bank. If users stay complacent leaving their crypto on centralized exchanges, then JPMorgan might buy up Coinbase, Wells Fargo buys up Kraken, etc until all those exchanges are playing by banking rules.

What if the exchanges follow their usual 1:9 rule of issuance buying only 1 bitcoin for every 9 bitcoin that is bought on their exchange. That could cause massive price suppression and be the reintroduction of QE but in the crypto space. The only way to stop this is to make sure you're following Trace Mayer's proof of keys.

Yes the exchanges are certainly doling out more "bitcoin" than they have. Some are going to be stuck holding the ball on that one.

The bankers getting a hold of a coinbase is certainly something to watch. Although with blockchain, you can always verify the number of tokens out there. The fraud is harder to pull of when an open accounting can take place at any time.

People will have to keep learning the hard way not your keys, not your coins.

Posted via Steemleo

Great Video and I agree with everything you are saying... I think you are on point 5-10 years could be the turning point. I was also reading something just the other day about Car Manufacturers Jaguar & Land Rover using tokens - To Help Pot Hole Issues. https://cryptodaily.co.uk/2020/02/iota-dlt-jaguar-pothole-issue . You are right on point.

Now I don't even think about when crypto currency will go mainstream because a different system will over Shadow cryptos sooon which is much more superior and descentralised

And what system is that?

Posted via Steemleo

It all sounds like a conspiracy theory for now. But I have a gut feeling that the centralised system will come and take over in a descentralised way with something new. Just look at how steem has been taken over by just one man

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i agree with your perspective on the issue and you made great points

Posted via Steemleo