RE: How Cryptocurrencies and the Blockchain Will Change the World (And How it Changed My Life)
Hey theleapingkoala (nice name, btw), thanks for the feedback. This was going to be my first "real" post here so I decided to go all the way with this one. My focus tends to be long-form content, but conciseness is something I'm working on, too. (This post probably could've been broken up into smaller chunks for one -- for the future I'll take more of that into consideration.)
Yeah, I totally get some of your worries there -- I don't have any expectations that crypto will solve all of our problems since most problems are human problems, but it does give us some tools to deal with the big issues that our society faces today, at least. So I think that it's still an endeavor worth pursuing for that alone. If nothing else, it gives us something to do instead of just getting stuck.
Have you thought about power failures with regard to this type of money? What happens in a large scale disaster like the Houston Hurricane? What happens when the power grid fails and does for quite a long time? I think that crypto is not sustainable -- it takes a lot of electricity, and thereby, hidden (at first glance), financial costs to sustain this type of money. And then again the big banksters will definitely own this space as well -- they are just waiting for everyone to do the major work for them, to iron out all the kinks, and then once that happens -- they will come in and take over. You will see. Never write off a bankster ... :) In any case, Gold is still the Only True Reliable Storage of Value Medium of Exchange, and it will be so as long as humanity will last.
Well if the power grid goes down there will be more to worry about than the state of financial regulations, I think, lol. Even the stock market is based on the assumption that society as a whole will grow and become more prosperous over time so you have to have some faith either way.
I don't think that banks are ever going away, especially since some of them seem to be smart enough to get in on the trend to try to reduce their bureaucratic costs. From a certain perspective it's a very practical tool for organizations to save a lot of money, and as long as that's there it will continue to grow.
its refreshing to read from someone with some serious perspective on cryptocurrency.
Dear @ryangtanaka, Many Thanks for accepting my words with big heart and for your reply.
your words
Are very beautiful words indeed.
Thanks again for the post and the reply :)