Cryptocurrency and the Path of Least Resistance
Currency always originates to efficiency. Money always follows the path of least resistance. Currency is a shared illusion that we all agree on. Currency "evolves" on the improvement of Efficiency.
Cryptocurrency is the most efficient and effective form of money movement.
There is no Bubble with cryptocurrency.
There's maybe...1% of population involved. Some people have said it's as high as 2%.....
10k bitcoin with maybe 1% of world population....what do you think price will look like with 4% of population....
Bitcoin is a global currency....litecoin too....
Steem is an internet bandwith utility token
These things are tremendously valuable. Follow the money and do the math. Where's the big Money...it's already here...it's what is suppressing the price....duh....in a way it's kind of been charitable.....because the prices on these things are priming for explosion...
The money process as the world system is an extensive process of education...it would be cool if it was just a do over....but would we really learn anything?
We must take responsibility for the inequalities here - starts with ourselves.
The masses of people across the globe are the most resistant to this new form of money. Most are apathetic...and or simply too busy to put in the time to become educated. Financial Literacy is mostly non existent. This has to an extent always been the big part of the problem....Education....education ....Education.
Ironically the solution is also, Education
Reading my blog will support You if you're open to it.
CHEERS TO AN EXTRAORDINARY 2018 - A DAY IS A LIFETIME
BEST REGARDS, ALWAYS ALL WAYS BEST
Cryptocurrency is upgrading our society with technology (blockchain), new forms of transferring money and store of value. Decentralization is a great word that is close to the crypto world and one of its advantages.I can't wait to see where it will take us. I like your point "10k bitcoin with maybe 1% of world population....what do you think price will look like with 4% of population...." ,even if I think the price is not the priority it is relevant and improtant.
cheers @doomsy
Well articulated!
I really like this line of yours,
Brilliant wisdom Here
cool to connect @doomsy
Cheers!
you're right about this and this is one of the reasons why I'm not upset about the recent dip. If you think about how few people are actually participating in crypto and even fewer on a platform like steemit, you see a bright future. There will be bumps and bruises along the way and any redistribution of wealth of any kind will meet resistance but we are in a good spot if we are chatting about this on Steemit right now. We are among the lucky ones.
Oh man - your words are profound.
easier said than done lol. It tries my patience to remain virtuous but I'm trying. But no matter the price and the earnings from posts at least their are earnings. I like earning free crypto and you don't get that anywhere else.
Such a valauble information,i am a newbee enjoying and learning from your blog,thanks a lot sir.
Yeah you are right.i am agree with you. If you think about how few people are actually participating in crypto and even fewer on a platform like steemit, you see a bright future
Many tokens with many utilities but if it gets too mainstream there is not stopping back
crypto is the best form of sending and transfer money anywhere without need of any third party in between
thanks for sharing! i will start following your exciting posts! Checkout my posts as well
Even though I agree with the general sentiment of your article, there are some things which I sort of disagree with.
Most efficient and effective / If you compare the current state of cryptocurrency towards how we now move money, I feel like crypto is still lagging behind a lot, even though it has much better qualities than fiat, the technology still has to improve a lot if it wants to go beyond fiat.
No Bubble / I feel like the current state of crypto is still a lot of speculation, a lot of vaporware and only a tiny bit of actual content. There is a bubble, but that does not mean that crypto won't persist (internet bubble)
And yeah, only 1-2% of the population is actually active in crypto investing, but I feel like most people know about crypto. Nevertheless, crypto has to come a long way to become the best and the most used.
Regardless, I do like and share your optimism about the future of crypto.
thanks for your comments.
I agree that prices are currently driven a lot by speculation. I think over the next year or so...the infrastructure in crypto will be built out quite a lot...and the prices will establish stronger baselines of support.
Agreed - crypto has a lot of miles to go :)
the new form of money had a lot of exposure its just the right time to be in here