Having looked at gold and wondered and China seeming to be establishing a gold backed paper system , the immediate next step should be for crypto currencies to achieve this status, Steemit would be a fabulous platform for this next step. Are there any other thoughts on this way for the future? It is a great interview done only a few days ago.
I see a complete divide of fiat currency and crypto currency happening faster as the tipping balance of people joining crypto currencies is calving off the iceberg quicker than we can imagine.
My husband and myself ran a diary company and we estimated in the area we operated in required 10,000 litres of milk daily into the local market to tip the balance of the large monopoly company base to fall apart, it took 7000 litres a day for this to happen, I see the same scenario happening here even if it is a completely different market, we have the same emotional components with the crypto markets as people are dissatisfied and don't have confidence in the financial market and people in our area wanted proper old fashioned milk and they voted with their mouths.