Oh good grief.... really? You think businesses and people will start issuing their own currency huh? Yes, at Chuck E Cheese you’re right, you buy Chuck E coins so you can play games for your kids....
“Oh good grief.... really? You think businesses and people will start issuing their own currency huh?”
No doubt in my mind.
Back in 1995 I did some work for a man who owned a computer business specializing in Novell networks. I told him he needed a website.
He responded that he thought that the Internet was just a fad.
Perhaps instead of mocking you should keep an open mind. Maybe you don’t understand what you are mocking.
Cryptocurrencies are just getting started. They will be difficult for the government to regulate, however, that is what will probably drive consolidation.
You’ll probably change your mind within the next year or so. The guy I did computer work for came back to me and admitted I was right when Novell told him they were moving all of their order taking online.
By the way, what gives any currency a value is the willingness of someone to accept that currency as payment for goods or services.
The reason “government-backed” currency is popular is because government MUST be paid. Remember the two certainties in life: death and taxes?
Right now, cryptocurrency values are driven primarily by speculation, but that’s not really much different than many investments. And cryptocurrencies are safer and more secure than many other investments.
As more people and entities become willing to accept payment via cryptocurrency, the security of ownership improves, and the ease of converting between cryptocurrencies and traditional currencies grows, the popularity of cryptocurrencies will increase.
“Oh good grief.... really? You think businesses and people will start issuing their own currency huh?”
No doubt in my mind.
Back in 1995 I did some work for a man who owned a computer business specializing in Novell networks. I told him he needed a website.
He responded that he thought that the Internet was just a fad.
Perhaps instead of mocking you should keep an open mind. Maybe you don’t understand what you are mocking.
Cryptocurrencies are just getting started. They will be difficult for the government to regulate, however, that is what will probably drive consolidation.
You’ll probably change your mind within the next year or so. The guy I did computer work for came back to me and admitted I was right when Novell told him they were moving all of their order taking online.
By the way, what gives any currency a value is the willingness of someone to accept that currency as payment for goods or services.
The reason “government-backed” currency is popular is because government MUST be paid. Remember the two certainties in life: death and taxes?
Right now, cryptocurrency values are driven primarily by speculation, but that’s not really much different than many investments. And cryptocurrencies are safer and more secure than many other investments.
As more people and entities become willing to accept payment via cryptocurrency, the security of ownership improves, and the ease of converting between cryptocurrencies and traditional currencies grows, the popularity of cryptocurrencies will increase.