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RE: How long will the mass adoption of Steemit take?
Before any coins can have mass adoption. Bitcoin will have to be mainstream.
Before any coins can have mass adoption. Bitcoin will have to be mainstream.
IMO, Bitcoin is quickly losing it's status as crypto reserve currency. It is clearly telegraphing that it will not be a factor in the crypto 2.0 future. Other tokens (one or a few) will take up that position.
I share your cynicism, but instead of just wilting, I think Bitcoin may instead metamorph into something else. With it's limited inflation rate and history of security, Bitcoin is well positioned to become a place where rich investors store their wealth. That's a far cry from the original vision of what Bitcoin was supposed to be, but it's still valuable in its own right.
for it to be a store of wealth I think more than the rich will need to use it. If they can't use bitcoin in an easy way what's the point. A rich person has options in the fiat world.
Why does bitcoin need to mainstream first. Plus it's a hassle for people to use. Venmo, snapcash or wechat work just fine. If steem works on a mobile app w all the same functions that would be great. Especially the wallet and internal market. Also a way to easily post pics and video this would rival reddit. Especially at a time when reddit has major problems.
the option to signup with facebook could take steem mainstream.
this is much more accessible and easier to explain than any coin.
well....Nope