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RE: How To Introduce Your Friends To Cryptocurrency — Give Them A Dollar!
Now I have given them s dollar and they go:
How do I spend it?
Why are the transaction fees higher than a visa transaction?
Why can't I buy a cup of coffee with it?
Three very crucial questions. And the one with the best answer to these questions is the one with the winner ticket.
I would simply suggest that 'cryptocurrency' is a misnomer.. It's not 'there' yet, so don't treat it like a currency. Treat it as an investment and a store of value. Does anybody use their APPL stocks to buy coffee? Do you buy gold thinking about how you're going to buy stuff with it? Nope.
The nice thing is that if you DO need to spend it, there are quite simple ways to do it like a bitcoin debit card. But I would recommend holding onto it.
Eventually when they figure out all of the transaction fees and with higher adoption, you can use 1btc to buy that Lamborghini ;)
As it is now. Bitcoin is no longer feasible as a medium of exchange. Kinda like it's non sense to drop some flakes of gold for a cup of Frappuccino.
It could be.. But you know.. Politics.
Hey, I wrote a similar article about the time you wrote this https://steemit.com/bitcoin/@natxlaw/waking-yours-how-we-get-our-people-to-wake-up-to-sound-money-crypto-give-it-to-them
Help a minnow out!