Here is what I think so far:
- Strong team
- Well-executed product
- Seems like strong community
- PoG is a pretty good idea
My only concern now is really about timing. Many of us here are crypto fans, and have been watching bitcoin a long time. And, there has been a lot of growth in users in the last 12 months, but I think most of them are investors, not "daily users."
So I am wondering -- when will crypto "go mass market?" Or maybe, "will crypto ever go mass market?" If the answer here is "no", then of course it means trouble for all cryptos.
Merit seems to be on the right track in making it easier. If it continues its growth, but not just for the sake of investment, but actually for usage, then I think this project could be very well positioned.
Excellent summary here. I agree with most of it.
Maybe I'm too much of a crypto fanboy, but I believe that it will eventually replace fiat. I do think that the ups and downs of it are painful, though.
What I do love is just how fast a TXN can go through with crypto (on anything but BTC, lol). But it still kind of seems like most everyday users are not used to "holding the keys to their money."
Credit cards and other stuff is easy because you can call the bank if something goes wrong...