Without a force of consensus there is no convergence and you get defect-defect divergence.
The "force of consensus" = Schelling point = gold and silver, of which there are only two, not 700 different cryptocurrencies with horrible distribution of which there will never be convergence on anything. Cryptocurrency not only has no Schelling point, it has a...REVERSE Schelling point because you're incentivized to break off from bitcoin, buy a bunch of lower priced coins, then try to pump it higher (like Sidhujag). Nature, "god", whoever, created a very small amount of noble metals so it's not really possible to do this with real money.
If i was in it for a pnd id be long gone trust me. I innovate and thats the main driver. Money is required but is secondary to making a difference. You on the other hand are inconsequential in any statement or regard for anything related to the movement to sound ideal money
You're shilling for cryptocurrency page after page entirely for selfish reasons because you want to make a career out of it being a crapcoin developer. Stop pretending you're Gandhi, you're not. Gold and silver don't require "developers" since they already function perfectly fine out of the box, which is bad for you. You're like a government employee trying to justify their existence.
None of the cryptos are gaining any traction in any of the places I have recently visited (Peru and now Italy). OK, I have not been dealing with programmers (et al), as we are on vacation, but NO ONE has shown the least bit of interest, it's even worse than being in America and getting that vacant look when mentioning BTC to those who do not know it...
YES, there is a lot of money and a lot of powerful people pushing BTC, ETH and cryptos (blockchains). But, it will not happen very fast, at least IMO. Too many people don't have easy access to computers (or even want to).
Italy and Europe are experiencing hard times almost everyone here tells me. And we are in relatively prosperous northern Italy.
Everyone is worrying more about holding a job, or getting one... Not good.* * *
@ r0ach and others who like gold. I have not had time to dig around and see what is happening at "street level" here. I do see some "Compro Oro" signs at stores, but not to the same degree as a few years ago when I saw them EVERYWHERE.
I read recently that in the USA that MANY have already sold all of their gold (family treasures, jewelry, etc.). I do not know how true that is, nor if the same is happening here in Italy (or France, next stop). Gold is held by very few in Peru (the SIXTH largest producer in the world, not even the Peruvian Central Bank holds much gold).