I know crypto has been crazy lately and pretty much crazy since it started but one thing you can say about it this time is that it has matured.
When bitcoin started there was a movement of people dedicated to spending it. I was one of them. It was figured that in order for it to become a currency of sorts, then people have to use it.
We can forget about that with bitcoin and if it becomes the ultimate store of value then I'm happy. It can be argued effectively that bitcoin has no real utility and there is even a tiny tiny chance that it isn't as scarce as we think. Gold is finite but who knows about digital alchemy?
But the point of this post is about business not about bitcoin per say. When I started my first business eons ago one of the things that struck me like a ton of brick was that I had a business partner.
I didn't even know it. I was the only one at the office! That partner was the credit card companies. Unless cash was used, my partner took 1% to 3% right off the top.
I was mad but it was the cost of doing business I suppose. But as a merchant, especially now online, you only get to see an average of $.98 for every $1 your take in. That's not counting the other costs but it's the first cost out of the transaction.
The problem is that the bank doesn't really add any value for me other than a convenient way to transact with my customers. I suppose that's a helpful service but it seems shady that if I want to collect money in the modern world I have to pay some bank. And so do you. They have no competition except other banks.
But when steem came around and now hive I was immediately stricken by the fact that we had free peer to peer transactions. Yes, there is a cost to get that money into your bank account but there is a lot of freedom there as a business owner.
And now, with noise.cash I see how easy it is for people to use bitcoin cash to blast money back and forth to each other. BTC is easy to adopt and sites like noise are adding and training people in the use of btc in droves.
China is already training people to understand crypto by giving out digital yuan and they are even introducing digital yuan atms. This training is crucial and China is smart. I'm not saying I approve but it is smart.
The point is that crypto is now maturing and the use cases beyond speculative finance are revealing themselves in practice. Bypassing banks to conduct business will be a gamechanger and redistribute some of the power banks have over small businesses. I'm looking forward to it. Thoughts?
Posted Using LeoFinance Beta
With projects like Leofinance and plans they have coming, we are beginning to see the existence of gamified banking come in to play. A crypto project becoming a financial warehouse is great to see, what is there not to love.
Posted Using LeoFinance Beta
As the cryptos market grows, we will have more and more support from people who never imagined that this universe existed before.
Thanks to globalization and the internet, more people are being able to access digital currencies.
Posted Using LeoFinance Beta
Although it is nice to have a digital yuan in China, they do not have the same opinion to other cryptos. Also if they suddenly decided that this person is no longer able to transact, your financial career would be considered dead. At least with HIVE and other blockchains, you can transact directly and no single entity can decide that you have no control. The price is RC and that means people need to have enough HIVE to satisfy their daily usage.
That is why a centralized system would not work with decentralized cryptocurrencies. The Yuan, even though it is a digital currency, still has its central bank to control. Only the mask has changed but the control system is the same.
Posted Using LeoFinance Beta
cryptos are the future! except if the future change drastically :P
Posted Using LeoFinance Beta
The Swedish Central bank is also in the works of introducing a digital currency (e-krona) and I'm not sure how i feel about that if it means they get more control over us.
Posted Using LeoFinance Beta
Really looking forward to the adoption of cryptocurrency as actual currency.
I think the crypto games and content platforms such as 3speak are paving the way to more widespread adoption.
Posted Using LeoFinance Beta
Your post has been voted as a part of Encouragement program. Keep up the good work!
Try https://ecency.com and Earn Points in every action (being online, posting, commenting, reblog, vote and more).
Boost your earnings, double reward, double fun! 😉
Support Ecency, in our mission:
Ecency: https://ecency.com/proposals/141
Hivesigner: Vote for Proposal
Cryptocurrencies are here to stay and will be responsible for the global economy in a few years' time.
We are very privileged to know before and be able to witness each evolution of several projects is priceless.
Posted Using LeoFinance Beta