You are viewing a single comment's thread from:
RE: Everyone's a Critic ... #ZapFic
You are the luckiest guy in the world ... you should see Dan's wife!!! :-)
You sold a car for crypto ... and so it begins. It may sound crazy, but it's all these seemingly isolated and insignificant transactions (in the grand scheme of things) that will one day "magically metatisize into meaning." A few cryptos (most will go under) will simply "become currencies" by virtue of the fact that people are using them as such. What's the "critical mass" ... I don't know but I suspect it's not as far off as many might think.
Quill
You know what, Quill? On that subject, hear me out right quick, I’ll try to keep this conversation in the field of play.
I’m sure I’m not the only one, but I have several wallets.
Fact:
blockchain.info, cex.io, bittrex.com and kraken.com, all at around the same time, wanted me to update my profile settings to adjust for newly implemented KYC laws. And each of them guaranteed easier, faster transactions and now they’re implementing credit cards again (I have yet to comply).
Fact:
Coinbase’s partner, Shift Card, which is the visa debit card directly attached to my coin base account cancelled their services last week, not update, cancelled—the cards are all void now. I forget the day but around last Monday. BitPay cancelled cash withdrawals from their debit card that’s directly tied to BTC and/or BCH today. Said it’s a “service upgrade” and they apologize for any inconvenience.
I see two things happening:
• For many, myself included, trading back and forth between fiat and crypto just got a little challenging. That means more of us are going to hold which, in return, supply goes down and the value goes up.
• It will force tech companies to familiarize themselves with merchants and swap to an updated technology where Visa debit cards and trading between fiat and crypto isn’t necessary.
What do you think @quillfire?