RE: "Cryptocurrency Should Focus Less on Profit" Says Vitalik, and my thoughts on this topic

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"Cryptocurrency Should Focus Less on Profit" Says Vitalik, and my thoughts on this topic

in crypto-news •  2 years ago 

Ask the average person, and a lot of people just want a job. If they have a job, a lot of those who have a job want a better one. If people can earn money form the blockchain that is an example of something globally appealing. Steem has that global appeal.

Bitcoin has the problem of someone always asking others to buy it. People don't want to buy a product they can't understand. People who don't have money don't want to buy a new money they barely understand. It is still very hard for most people to earn crypto. I would think making it easier to earn is globally appealing because if people need to pay bills, taxes, or whatever, then easy to earn combined with great store of value is a double win.

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Thanks, and your remarks resonate with me, especially "It is still very hard for most people to earn crypto.". I cringe every time I see these "ra ra Happy Days" videos about how to earn crypto profits; because I have "been there" as an experienced options trader.

Yes, the early adopters have done great; but there are few of them (despite the hype). Even 5,000 is few, and I doubt the number s that large.

For the rest of us coming on board later, we had better develop some trading discipline and skills fast! And for every winner, there is likely to be a loser. And a very big winner might be associated with a large number of small losers (that's the story in the stock market.)

Cheers!