Hi splash, nice write up, I may have misunderstood, but for many Bitcoin is just a speculation vehicle and a lot of people are half informed about what blockchain actually means and does.
It strikes me that even though crypto currency/ blockchain has the potential to overthrow banks, yet only 1% of the world population is invested in crypto (at best 100 million people) . How did you arrive at 10%?
Desinterest and thinking it is to difficult or a scam stops people from moving money, I find that unbelievable, people prefer to stay stupid and get fcked over by the banks 😄. True there is a lot of volatility, however I believe volatility will become less and less the more money moves into crypto. Other then that a true decentralised system could become the most transparent and fairest world currency in the future, I hope to be able to get more and more people to understand that.
A lot of people say bitcoin is not scalable, yet if you ask people to explain how far the Lightning network is and if those working on LN see a solution, most people are umming and rring.
People need to stop making decisions based on flawed info and educate themselves more before discarding BTC. Not saying BTC will make it, but it is still in the race.
For sure it's still in the race, but i think the constant speculation of whether it will survive or die out is irrelevant because the system has moved past that now. The 10% figure was from another article based on surveys done asking people if cryptocurrency has relevance in their life. I will try find the original for context
Hey well I am not entirely convinced they moved past it, since the market seems to move as one, Bitcoin down, alt markets down. Bitcoin up, altmarkets up.
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ok cool thanks