This is such a "doh" moment and an obvious statement to make, but cryptocurrency is such a functional and efficient form of payment, and using it for that purpose gives me goosebumps.
It is easy to send and receive money with anyone in the world regardless of their location, the currency they are using or the language they speak. It doesn't matter what form of payment you have agreed, it can easily be translated into a cryptocurrency, serving as a universal format that everyone understands.
You don't have loads of details to grab, remember or enter; rather you simply have to copy one address and paste that in to make sure the coins go to the intended party.
Then you don't need to work out what information to send to the other person - an ID or a screenshot or whatever - to let them know you've actually sent it, but rather, you can link them to the actual transaction record itself so that it is crystal clear the funds have been sent and everyone can track their progress.
Using a coin such as Litecoin the fees are low as well - $0.00085 for a $10 transaction.
I don't know if this post is making much sense but the point is, through all of the hype, the crazy number of new coins coming out, and the ridiculous volatility of cryptocurrencies in general, it's easy for people to think that it is valueless or that it is just a re-run of tulip-mania. But the above pretty much sums up why I believe in Bitcoin and cryptocurrencies in general and why the crazy price-drops don't really bother me at all; because what cryptocurrency represents is the digital transformation of the financial system.
In fact, it is an exemplary representation of digital transformation at its very finest - take an important industry, introduce the latest technology and make everything about that industry better; make it streamlined, efficient, feature-rich, transparent, secure, effective, and granular in its nature.
To reverse back out of this huge digital transformation, now that we have come this far, just wouldn't make any sense whatsoever and that is why I believe in cryptocurrencies.
What's more, we are only at the very beginning - in recent months I have had at least 5-6 people in my life asking me about crypto and wanting to get involved in it, but the average person, at least in my circle of friends, doesn't really understand it at all and they definitely don't view it as a system of money that could actually be used in a functional way, they just view it as something they should have because it makes money.
But once the actual functionality of crypto starts trickling into the average person's lives, it's going to absolutely explode. Mark my words.
It is easy to send and receive money with anyone in the world regardless of their location, the currency they are using or the language they speak. It doesn't matter what form of payment you have agreed, it can easily be translated into a cryptocurrency, serving as a universal format that everyone understands.
You don't have loads of details to grab, remember or enter; rather you simply have to copy one address and paste that in to make sure the coins go to the intended party.
Then you don't need to work out what information to send to the other person - an ID or a screenshot or whatever - to let them know you've actually sent it, but rather, you can link them to the actual transaction record itself so that it is crystal clear the funds have been sent and everyone can track their progress.
Using a coin such as Litecoin the fees are low as well - $0.00085 for a $10 transaction.
I don't know if this post is making much sense but the point is, through all of the hype, the crazy number of new coins coming out, and the ridiculous volatility of cryptocurrencies in general, it's easy for people to think that it is valueless or that it is just a re-run of tulip-mania. But the above pretty much sums up why I believe in Bitcoin and cryptocurrencies in general and why the crazy price-drops don't really bother me at all; because what cryptocurrency represents is the digital transformation of the financial system.
In fact, it is an exemplary representation of digital transformation at its very finest - take an important industry, introduce the latest technology and make everything about that industry better; make it streamlined, efficient, feature-rich, transparent, secure, effective, and granular in its nature.
To reverse back out of this huge digital transformation, now that we have come this far, just wouldn't make any sense whatsoever and that is why I believe in cryptocurrencies.
What's more, we are only at the very beginning - in recent months I have had at least 5-6 people in my life asking me about crypto and wanting to get involved in it, but the average person, at least in my circle of friends, doesn't really understand it at all and they definitely don't view it as a system of money that could actually be used in a functional way, they just view it as something they should have because it makes money.
But once the actual functionality of crypto starts trickling into the average person's lives, it's going to absolutely explode. Mark my words.
