The miners have become almost mafia like in their power struggles with BTC. This can become the downfall of BTC long term if it's not sorted out. The idea of a decentralized verification system, no fees, and increased speed is something that every coin should be trying to achieve for long term success. Your last post spurred my first small investment into IOTA and will be doing more.
Been considering options on how to integrate crypto payments into a couple of my businesses and not happy with the way most of the options out there work (fees, risk during the lag of transfer, ext.). Maybe with this fund someone will create a fast ultra low fee payment processing option for online based businesses. If you can work with the ease Paypal with lower fees while giving the receiving party the option to instantly convert to Fiat Currency removing risk of market changes any coin could become a real contender.
The key is the world is accustomed to instant, really simple transactions. Once that can be achieved what digital bytes that are used people don't really care about...they just want things to be easy. Most people carry little to no cash anyways, so Fiat or Crypto really means little so the potential is there.
It will be no surprise to you that I totally agree lol
This is a really good point that I think many of those who are deep in the crytpo world do not get as yet. Instant transactions are the key to mass adoption. When I started in crypto it was almost like an exclusive club for developers and they almost did not want ordinary folk involved. I actually joined the MAIDSAFE network early on and on my first post I got flagged. The post was praising the Maidesafe idea but apparently I had used the wrong tag and some administrator flagged me. I was furious. I mean what a great start.
Later, the guy who actually built the network, David Irvine, contacted me and apologised telling my that my post was "inspirational". However it was too late and I never went back. I joined steemit instead.
Sorry got diverted there.
Just a point, I hope you are not in the US because I heard Bitfinex is closing to US citizens so if they have IOTA on there then they must get them off by Nov 07. I have been advising to move them to Binance instead.
US which makes this all the harder for me on the adaption side of things due to things like closures, not having early access to ICO's, and so forth. Have seriously debated just opening an account overseas to move money between to avoid these issues, but that just opens up a new set of issues that I personally can't be dealing with due to some of my licenses.
So frustrating for you it must be considering the US stands for the idea of capitalist ideals and free markets. Things I feel will change as the crypto markets become more acceptable and the US realises that it will miss the boat.
Do what you must my friend
US claims to stand for those things and at one time probably did. In reality this government has done more to create a massive class divide in the last 20 years then in span of history. Our position in the world is crumbling and we have had a string of weak leaders who all serve those that have bought and paid for their souls..."special interest groups" ie the filthy rich control everything and their greed has no end.
And no question early adaptors were not open to the idea of outsiders joining their little boys club.
Bingo!