RE: I made this Meme to help explain cryptocurrencies to noobs. Thought I'd share it here and start a discussion.
I believe cryptocurrencies will start to make it into mainstream media more often in the fall with major downturn in global economies. I just saw how south americans are turning to bitcoin because of the lack of faith in their instable governments/currencies. Britain just voted to leave the EU and their currency plummeted last year. The eurozone is falling apart and that doesn't instill faith in anyone holding euro's. Japan has been in a 20 year recession with 0% interest rates and they've already embraced cryptocurrencies. China is starting to have major red flags in many parts of their economy and those billionaires are trying to find any way they can to protect their wealth. Bitcoin is just one of those methods. Gold, silver, and crypto to the moon!
You bring up some very good points. I do think that economic downturn will spur investment in cryptocurrencies...but the beauty of the technology is that I don't think you have to bet on economic collapse to see it come to fruition. Just like the phone replacing telegraph, the benefits of blockchain technology will just become more and more apparent as the tech matures.
Investing in fiat currencies so often is an investment in conflict, or the speculation of conflict. However I don't think crypto has to be that way : ).