I personally can’t see crypto replacing fiat. Can you imagine your mother or grandmother trying to protect their keys?
Also transaction fees and wild price swings.
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I personally can’t see crypto replacing fiat. Can you imagine your mother or grandmother trying to protect their keys?
Also transaction fees and wild price swings.
That's a fair point, but I think it only extends the timeline.
However, I'm not sure it applies to me, as I'm nearing 50 and my mom and one grandmother have passed. I suspect the other has, too, but I haven't confirmed.
I also feel like your reply only furthers my point. The fiat system is an arena that has to be navigated until we get to the point we can just disregard and go around it.
The thing is, there will be a solution to it, centralization, like bank issued cards funded by Bitcoin or custodian wallets. And people will use it.
Imagine losing your house cause you misplaced or had your key stolen. Most people can’t even keep track of their car keys.
Lol... but I don't want that solution.
I'm not against custodial services as rule, it's just the vulnerability to authoritarian overreach that makes it a deal breaker.
Corruption is an ever-present threat but the market can keep it in check if it's free to.
I hadn't thought about the house issue, but I can see it being a headline. Having some kind of insurance against that isn't a bad idea, as long as the insurance policy doesn't eventually eat the house anyway.
Think of the typical person, they will gladly take it.
Man, I don't disagree, but I really hope we start to move away from that mentality soon.
I think the reason most people are so accepting of it is because that's what has historically been necessary to keep this whole shit show rolling along, but this tech gives us the ability to grow beyond it. It'll be slow if at all but I think we can get there.