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RE: Has the Economist Magazine Coin Prophecy Been Fulfilled?
I am sure we have just begun to see the regulated stable coins come out. Many people will choose these over Cryptos if their bank is approving them. Some people would rather have stability and a slow erosion of wealth than something volatile going up over time. Cryptos are better SOV and better money. Therefore, at least a portion of savings should be in Cryptos and the money people are going to spend in the near term in USDC, Dai Stable coins.
Our World currency has been here for a decade, everybody knows Bitcoin!
Maybe but know one really still knows yet which Cryptos will be adopted. That's why at this stage it's best to keep an open mind. We were the first business to accept Bitcoin in Miami Beach in 2013 but recently stop accepting it b/c of unreliable and high fees. We accept other more user friendly Cryptos now. I do agree though Cryptos are here to stay. Blockchain technology will be adopted everywhere with Crypto as the fuel. Stable coins will be popular b/c the Gov't will stamp their approval on it. It's not ideal future for Anarchist but it's a much better system than we have today. I hope Stable Coins will fuel true decentralized Crypto adoption. It seems now like every Crypto wallet will have USD stable coins in as option.