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RE: Is Gold Money? - The Future Belongs To Cryptos

in #cryptocurrency7 years ago

You won't find any disagreement from me on the comparative table. Crypto money as money is way superior.

However...

Money is handled by human beings, and human beings are really not the most logical lot.

Tell a prisoner that has been a jail for 50 years that he is free... He will prefer to stay in his jail for mental comfort.

Give the choice to an old lady between a fantastic washing machine or her old 37 years old piece of junk that yet, still does the job... what do you think the old lady will choose.

This human factor should be taken account...

Today, I believe in Crypto on the long term, not as a speculative tool, but as something that could make humanity evolve. Still, this orange light always stays lit.

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You are correct in the "rut theory" of human behavior.
And this is why they talk about generations when talking about societal change.
Many kids do not know what an LP is.
Their kids will probably not know what folding money is.

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