Cryptocurrency is somehow strangely a lot of fun.
It is refreshing to handle ones own currency without dependence upon centralised authorities.
The bar for participation is low and anyone willing to learn can open a 'wallet' meaning it is hugely accessible to the 'unbanked' or those with shitty credit scores due to low social conformity or outstanding student loans.
Transaction time with BTC and Etherium is slow. Litecoin seems extremely fast in comparison.
The interface and complexity is still beyond many people
The long chains of numbers and HEX codes for private and public keys are hard for dyslexics and those with dyscalculia
The irreversibility of transactions that go amiss due to incorrectly inputted addresses makes it currently very vulnerable to human error
The proof of work model to generate 'value' of bitcoins seems to be a big waste of energy. Turning electricity into abstract commodity seems entropic.
Current interest is turning it into a speculators playpen with good project buried and meaningless coins buoyed by instinctual fomo waves on the exchanges.
Many consider exchanging nation-state currency for cryptocurrency a kind of 'betting' rather than engagement with an emerging system.
The important thing will be accessibility and usability of interface and broadening means for crypto to pay for real world services - which can work the more people 'migrate' to that system and use it as 'real money' rather than a kind of novel money-making investment.
It is much easier to exchange pounds for cryptos, but harder to exchange cryptos for pounds, but new services and startups are trying to address that.
Estimated 0.04% worlds population have adopted so far, meaning the concerns about having 'missed the boat' are erroneous ... and looking at it in terms of investment commodity rather than a new paradigm of exchange to learn, support and engage with.
~
To the moon,my friends,to the moon.
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