"Cryptocurrency will not succed" are the same people who thought internet will fail in 1960s

in #cryptocurrency7 years ago

At the beginning of the technological and internet era people were skeptics about the power the internet will have today days. It was common to hear phrases like "It will not work, and who will spend so much money to have a machine to just connect to the internet to send an email if I can use the post service" (now look where I'm writing this post and from where you are reading it). To have more information about people who thought intenret will fail you can read this article and go more deep in the topic: https://thenextweb.com/shareables/2010/02/27/newsweek-1995-buy-books-newspapers-straight-intenet-uh/

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It is true the topic of the cryptocurrencies is black magic for most of us. Today a lot of geeks or IT freeks are talking about the blockchain and investors enthusiasts want to pull you to put some money in something called bitcoin(and magically after few days you will have 30% more). Obviously it is hard to believe that you can increase your savings in just few days for 30%... but you can ask me I invest some money when Bitcoin was 3k USD and today is around 15k USD... I made the deal of my life with such movement.

What people need to understand is that today everything is moving super fast, images, sound, message, information, transactions, etc. Today nobody like to wait days to receive an answer or to buy the shoes he like, today what we want is to have our products or the answer immediately. And the same apply for everything, even for money, and the investment in the cryptocurrency world is not an exception. With cryptocurrencies you can make a transaction in few minutes and your client or family will receive it immediately (for this fast and low fees transaction I recommend bytecoin (BCN) https://bytecoin.org) you don't need to wait for a bank to make a wire transfer which take 2 days.

RBC (Royal Bank of Canada) is now working with the BTC blockchain to perform the transaction between United States and Canada. It is helping to have faster transactions and with the security, since the blockchain is verifying the transactions with different nodes in the internet. For this reason is not possible to hack the transaction or perform fraud in the transaction system. It is just and small example, but we can see PwC, McDonalds and others companies are adopting the use of blockchain for their payments.

In the future we will be paying everything just using our smartphones which will be integrated with our Crypto Wallet. Everything will be more secure, faster, ecological and compact(we don't need to have a physical wallet with a lo of bank notes).

Times are changing and what is important is to keep up to date and don't close our minds to something that is obvious, instead use your creativity and start using it. There are a lot of people who are working to integrate cryptocurrencies to the online shops, for example you can use https://www.bytepay.eu/ for your website, this friends made an incredible work to integrate with WooCommerce and others big e-commerce platform. Also we can see how some Goverments around the world are implementing blockchain like Venezuela with "Petro Moneda" https://petro-moneda.com.

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I have been hearing criticisms on people owning bitcoin since 2011. The critics are now only left to rue.

yes and it is normal, but is part of the innovation. It is a process of change.

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