To the uninitiated cryptocurrency is daunting. Most people have only ever heard of Bitcoin, nevermind the thousands in existence. The terms: blockchain, p2p, forks, decentralisation. Totally lost on them. If cryptocurrency is going to become common use, it's going to have to become idiot proof.
Stability
Before the average person starts accepting and investing in a currency its going to have to be stable. Either artificially or potentially its own strength against fiat.
While great for trading, nobody wants to depend on a currency that one day can buy you a car, the next an ice cream.
Easily recognised value
Have you ever seen a tourist trying to calculate an items worth in their native currency?
Without using a convertor tell me what 0.000054 BTC is worth. Same issue. And it's an issue that will have to be overcome before a currency is widely accepted.
Physical presence
I'm 31. I'm aware that my phone can do NFC payments but instead I use my physical debit card. I don't even know why I haven't set it up yet, maybe it's some deep underlying mistrust.
If I'm this way, imagine the resistance from older generations that still struggle with emails.
A cool theme noise
You know, like the Netflix thud, or the Mc Donald's whistle. I propose we collate all the screams of everyone that bought BTC at $40k into a single 2 second clip.
Posted Using LeoFinance Beta
playing the devil's advocate:
crypto is the money of the future
and I will argue that the future is a different place from where we are currently in terms of our approach to a lot of things. I believe crypto is here to stay and we haven't even our best product yet.
Posted Using LeoFinance Beta
I got @giftgiver to delegate around 20 hive power to you, I saw you were running low on RC :D
Many thanks, I was trying to upvote last night and couldn't work out why it wouldn't go through. I've got a lot to learn about this place.
Posted Using LeoFinance Beta
Ye. RC is our "gas fee" its free, but it takes time to recharge. Its really only just a problem in the beginning of your Hive journey :D
you can check out https://hiveblocks.com/@cryptosneeze. Here you can see the cost and much you have and the recharge time :D
So RC is different to HP, but you need HP to have enough RC for upvoting?
Posted Using LeoFinance Beta
Yes you got it :D
You also use RC when you comment and make a post. Everything you do on the chain cost RC, get around 50 HP and RC shouldn't be a problem anymore :D
You can go to hiveonboard.com to learn more or ask me, I am happy to help! Also if you run low on RC feel free to join this discord - https://discord.gg/9zQCH3Gj.
I am an admin with @tripode and @starstrings01 and we help newcomers via that discord and our community the blogging challenge :D
Thanks for the explanation. There's a lot of information for newcomers but it's all scattered about. I've got a friend joining today hopefully so I might write a dummys guide to Leo somewhere :D
Posted Using LeoFinance Beta
Yes there is xD hiveonboard have the most info in one place as far as I am aware :D
Totally agree with the recognized value issue. I've been into this stuff since 2013 and I still don't know what .00054 btc is worth.
The 2 second clip would be my new ringtone, lol!