I agree.
BTC is "dead" ie it's a 1st gen coin. It has paved the way.
It's going to be an interesting year.
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I agree.
BTC is "dead" ie it's a 1st gen coin. It has paved the way.
It's going to be an interesting year.
Yeah, what we need is a better gateway currency into and out of crypto. The thing is, that I´m not a big believer into the "currency" part of crypto. For that to happen, there would be the need for less volatility and it would need to be a consensus about some crypto"currency" that is widely accepted - something even BTC didn´t manage to do over the past years. XRP is - as you rightly say - a trojan horse by banks and large corporations to come through the backdoor - nothing I´d like to support.
For me Crypto is basically the possibility to invest in interesting startups and much more like shares than currency.
Since I don´t demand to pay my coffee at Starbucks with my Apple shares, why would I pay there with crypto (also I would have to wait for an hour for confirmation and pay a 30USD fee for the transaction to miners, if I´d like to pay with BTC)
Gold backed crypto (or fiat backed) is already a reality with the smart cash system at bitshares - but nearly nobody is using it (or only very few)
For 6000+ years gold has been the basis of trade.
& Silver is the daily 'token' (to buy bread & milk)
So the question really is "What is money"?
Simply an easily transportable item to exchange for something else.
Steem is also a work/effort<>reward system = good thing.