All very valid questions to bring up @adsactly.
I think it is going to be a combination of the two for a few years. There is going to be a tug-o-war going on between the traditional and the disruptive. Cryptocurrency is that disruptive force. People are already starting to create and produce more which benefits then directly as opposed to a huge corporation. We will continue to see this shift.
Bitcoin isnt the only game in town which is a good thing. Back in 2013, bitcoin was really the only name. Now we have many legit coins. Also, and most importantly, we are learning the process. People are going to realize money is created out of thin air. That is a big difference. Once people start to understand that process, they are going to be on the path to freedom.
Is Bitcoin the sacred cow? No. It is one path. If the elite buy it up, the rest of the populous can switch to something else. The possibilities for legitimate currency is endless.
You post brings up a valid point....the establishment isnt going to go easy. They will fight tooth and nail.
You are spot on with this. Especially back in 2013 as bitcoin being the only name out there in terms of cryptocurrency. I tried to make a list here on my website probably around 2014-2015 in an attempt to make a list of scam coins. The work was overwhelming and I eventually gave up. Mind you I've purposely neglected to update the list, as I was literally wasting too much time on it. Now there's a wide variety of legit coins to choose from.
Fascinating article and excellent response. Im very curious to see how various poqer brokers (governments, industries, social elites, etc) respond.... any currency relies on social traction and the belief in value. Will be exciting to see how this plays out.
I really enjoyed your comment very much! I like the way how you are thinking. Germans would say (I'm not German but the expression is circling in my area too) "Zucker coms zuletzt" (Sugar at the end, meaning the best at the end.), to me was when you said...
However, thank you for the kind words regarding the article. 🙂
"coms" would be spelled "kommt". but looking into this phrase, it appears to be an older form that might have been used in the time of the Hungarian/Austrian Rule of Croatia? In modern germany you might say : "Das Beste kommt zum Schluss" which has 200k google hits vs the Zucker with about 400 hits.
You are right! 🙂 And thank you for correcting. I have never been good in German (unfortunately - but there is still time to learn 😉), and by now I forgot even that smallest amount of some knowledge (especially when spelling comes into the question) I had many years ago. Despite that, I use above expression quite often. But now I taught some more and something new! Thank you! 🙂
I am very interested in gettint started in Crypto currency. Is therea link you could point me to on how to get started?
Take my upvote, you just started ;)
http://operation-dragonslayer.com
The fact that they will fight is scary, i hope it will be more figuratively than literally. I mean they have taken from us for long enough we should really be the ones fighting them off.
Indeed,,, let us take it very easy,,, if somebody would trust that explanation pf that writer on Reddit and did a stable plan in 2013 to invest heavily in Bitcoin then his or her situation will be more than better financially by today,, and this is very clear,,,, one path can be better than too many.
Here is the article he's talking about :https://steemit.com/bitcoin/@adastra96/is-this-the-real-life-is-this-just-fantasy
Here is the article he's talking about :https://steemit.com/bitcoin/@adastra96/is-this-the-real-life-is-this-just-fantasy
Good
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