Post
Topic
Board Altcoin Discussion
Re: Crypto is not the future, it is the present
by
o48o
on 15/03/2024, 23:34:20 UTC
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  • Dozens of companies accept Bitcoin payments[2].
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[2] Who Accepts Bitcoin as Payment?
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This is actually misleading statement. Most of companies that are said to be accepting bitcoin / crypto don't even see that crypto. They accept payments via third party service that converts it to money before it gets to that company. Only thing that makes it more handy to crypto people is that they don't have to convert it to money themselves. But in many cases they do need to reveal their ID while purchasing something and it gets linked to the wallet / transaction they made.

And difference to internet is that back when internet was just in the beginning, it benefited students and scholars as they were able to be connected instantly. That was revolutionary. Coders were very interested about everything related to that. These days every coder that i occasionally ask about blockchain, smart contracts and web3.0 are mainly laughing at the idea. They see the meme worth of it, but not any practical applications that couldn't be done with local databases faster and cheaper.

Who knows where this is going, but i still see some crypto believers talking about "it's not about the cryptocurrency, it's about the blockchain and the tech" or even more hilarious "lose the cryptocurrency and leave the tech". And seeing those people praising the tech without understanding the point of incentives makes me believe that adoption (what ever that means) isn't even close. Because buyers/speculators don't understand anything about the tech. It's all just meme money. And that's ok to me.