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The negativity and naysaying which emerges on this board during bear markets says most people just do not understand cryptocurrency

All Cryptocurrencies

by COINS NEWS 153 Views

Crazy to me reading through highly upvoted comments which imply BTC and the major blockchains are just speculative instruments devoid of practical use. This shit is so illogical, if the lack of education on crypto in a literal cryptocurrency group is this bad, then how early are we in terms of the general public and adoption?

Seeing people call Michael Saylor a bag holder as if the guy is not the most recognisably passionate advocate of BTC during both bear and bull market is fucking hilarious, as if he hasn't made his position incredibly clear the entire time, and as if he didn't plan his investment to allow for a >95% reduction in FIAT value before requiring additional collateralisation. His time frame is not 24 months, this is not a gotcha, this is a predictable market cycle well within likely projections.

Bitcoin is not a speculative imaginary hoo hah money which exists in a bubble disconnected from reality. Bitcoin is the first digital property, it's created and produced through real world mining competition where energy and computational power vie for production. It's an irrefutable informational ledger which allows for global transactional settlement and can provide a foundational base for an infinite number financial, informational and creative layers, many of which have not yet even been conceived. Bitcoin provides an alternative solution to contemporary economics, one which is far more efficient, equitable and globalised.

Right now Bitcoin already provides a fundamental service and allows for borderless trade in B2B, B2C and P2P situations. The high liquidity and secondary stabelcoin market means the volatility has little to no effect on its transactional usefulness. This week alone as an ordinary person I have transacted in cryptocurrency multiple times because it was far more convenient than international bank transfer or using a private service like PayPal, international trade is actually a pretty big deal and services like PayPal are worth quite a bit of money despite not being physical assets, this might come as a shock to the bears.

Crypto like ETH take these strengths even further and allows for the development and deployment of world changing dapps and information streams with true verifiability, ownership and security. This isn't a small deal, this is as important as the development of computation or the internet itself was, this is the beginning of web3.

I guess I'm just a bit depressed at how clueless people on a cryptocurrency board are about what the large blockchains actually represent for the future. Ownership and understanding of these assets is your inter generational wealth opportunity, because right now there are legislative barriers stopping most of the biggest money from rolling in and taking ownership of their proportional piece of the pie, if your time frame is logical and educated then 1 BTC = 1 BTC and that is all that matters.

submitted by /u/chance_waters
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