If you really want to talk about the HERE and NOW....
Who cares about making transactions via cryptocurrencies, really? They are a speculation vehicle based on their future utility once major adoption occurs. No one wants to buy their coffee in a neutral-inflation (or deflationary) cryptocurrency when they can buy it with the inflationary capital they have.
Agreed. Which is why this entire scaling nonsense from Core has just been a power grab.
As I wrote upthread, Im very grateful for the drama and trading opportunities.
Yet theres one group that does care about making transactions with cryptocurrencies. Specifically those who are using tokens for something they want to participate in. Theyre not in it for investment; yet maybe the investors also want in it.
And thats why well not quickly get significant adoption (other than speculation on the future) without onboarding to the masses onto some activity (which requires cryptocurrency) other than just speculation. Steem has been a very illuminating experiment and now a Top 1000 website, but
the details are mucked up a bit.
Try to live off of cryptocurrency only for a while and tell me how that works out. Hint: using a debit card or other service that converts crypto to FIAT is not living off of only cryptocurrency.
The most significant potential use cases of tokenization arent to pay for things I normally pay for with fiat. Rather for new paradigms that fiat cant be used to pay for. The
ChangeTip Must Die argument is incorrect, because who wants to maintain 100s of subscriptions!
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Only Bcash FUDsters want to buy their coffee with cryptocurrency.
Sorry incorrect. Many reasons needed to send crypto transactions. I need fast and reliable crypto transactions. When BTC transactions slow down to an hour or more for the first confirmation, there will be a mad rush into BCH. Well see the price spike, and so goes the life of taking candy from babies.
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Bitcoin is a PRIVATIZED reserve currency, store-of-value asset, not a medium-of-exchange! As faith in PUBLIC institutions collapses, Bitcoin is the new gold, precisely as was written in the original Bitcoin whitepaper. Which correlates with Martin Armstrong's
51.6 year oscillating shift between PRIVATE assets (e.g. gold and now Bitcoin) and PUBLIC institution assets (e.g. sovereign bonds). Real estate isn't entirely a private asset, because taxes have to be paid to the government, no one has an allodial title, and the government can seize the land for emminent domain.