I absolutely agree there. These are seriously early days. This transition process can be compared to the early days of the dotcom boom, or even further back if you want to think about just currency, it's akin to when people moved from the barter system to using actual coins to represent a store of value that could be traded. Why?
Today we, in a sense, barter between currencies. If I want to buy a gigantic Mech from Japan and I live in the U.S. I have to first BUY Japanese Yen with USD. And only then can I purchase that awesome, futuristic mech from Japan :) That process Costs me (1) Time to find the best price for Yen or (2) Money if I'm in a rush to purchase since I will be buying Yen at market rates. Once that process is over and I have my Yen then I can buy the mech. This is inefficiency in our system.
And that is where cryptocurrency just disrupts everything! With cryptocurrency I can buy that Mech no matter where I am in the world, quickly and efficiently without any real added costs IF we are all on the same currency system of Bitcoin, Dash, or what have you. It flattens the world even further and makes us closer to being ONE community.
Ironically currency is what may actually bring us closer together, forcing government bodies to rethink boundaries because we, the people, are forcing ourselves to have closer ties. It's pretty exciting what this space means
I absolutely agree there. These are seriously early days. This transition process can be compared to the early days of the dotcom boom, or even further back if you want to think about just currency, it's akin to when people moved from the barter system to using actual coins to represent a store of value that could be traded. Why?
Today we, in a sense, barter between currencies. If I want to buy a gigantic Mech from Japan and I live in the U.S. I have to first BUY Japanese Yen with USD. And only then can I purchase that awesome, futuristic mech from Japan :) That process Costs me (1) Time to find the best price for Yen or (2) Money if I'm in a rush to purchase since I will be buying Yen at market rates. Once that process is over and I have my Yen then I can buy the mech. This is inefficiency in our system.
And that is where cryptocurrency just disrupts everything! With cryptocurrency I can buy that Mech no matter where I am in the world, quickly and efficiently without any real added costs IF we are all on the same currency system of Bitcoin, Dash, or what have you. It flattens the world even further and makes us closer to being ONE community.
Ironically currency is what may actually bring us closer together, forcing government bodies to rethink boundaries because we, the people, are forcing ourselves to have closer ties. It's pretty exciting what this space means