When Will the Dinosaurs Go Extinct?
God, I'm sick of the lot of them. Prune-faced knobs spewing crapping over anything they don't understand. There are several of them that I'm referring to (Peter Schiff, I'm also looking at you!), but no. I'm going to the top of the food chain here, guys. None other than the king of dust himself, Warren Buffet.
Fine, he used to be the the best of the best when it came to investing in his heyday. Many have made millions based upon his timely recommendation over the years, that have also amassed the business magnate himself billions of dollars. But everything should be presented in some kind of context. Truth is, he just doesn't get crypto yet loves to talk trash about it whenever he gets the opportunity.
During a recent annual shareholders meeting, he was asked again his thoughts on the crypto space, to which he replied it was akin to a "seashell", in that it doesn't actually "do" anything. Sure, I guess anything invisible to the naked eye can't be a real thing hence it has no real relevance. This is coming from a guy that breathes "invisible" air whilst making phone-calls using the "invisible" airwaves. His arguments are ridiculous and it's clear as day he will never research the technology or even attempt to understand it. But that's fine, because I believe "time" will eventually come to the rescue for us.
At some point in the not-too-distant future, everybody in the world will embrace technology. There won't be a divide like there is now, with a large proportion of the current world's population being computer-illiterate or just plain technophobic. Everybody will have grown up with some sort of exposure to computers, tablets and smart phone from the very start. Anything electrical won't be the "devil's bane", as it were. That's why this situation really frustrates me.
Hell, even some of my peers have lived in exactly the same world as me yet when it comes to stuff like online shopping, they shy away "in case" those faceless Internet hackers find a way to break into their precious bank accounts. To me, that makes about as much sense as burning a woman on a stake just because she may be a witch. I've observed that a small minority of the 40-somethings get it, whilst a good proportion of the 30-somethings also get it. And when you get to the millennials or below, almost all of them are on the same page.
So my point is this. We want mass adoption? Where everybody will accept crypto currency, blockchain tech and everything else that comes with it? Demographics play a huge part in this. Thirty-or-so years from now, people will look back and laugh at the naysayers of today who even questioned this new evolutionary step we find ourselves on the brink of. Give it time, peepz. All we need to do is...
... Wait it out and the rest simply fall into place...
😂 ezzy
Even their money won't save them from time. It's disheartening to think it could take a decade or more before we have full adoption. There are those people who say this might not be a bad thing because it'll allow further refinement of the tech. I get so impatient because I see how transformative crypto can be.
The battle has just begun.
I haven't seen any true opposition from the monopolies that we are trying to replace with cryptos.
Let's not forget, these are the people willing to murder heads of states in broad daylight to keep their monopolies going, the change is not just going to happen smoothly in my opinion.
On the other hand, if the change does succesfully occur we will have removed one of the biggest shakles that has been maintained on humanity throughout history, waiting 10 years for that is a problem of luxury ! :-)
It's frustrating for us all, buddy. But they'll continue to see what they wanna see. Sad but true.
"I don't like bitcoin, but I do think blockchain is a great technology..." :)
The ultimate hypocrisy! :)
The crazy fact is that they will ultimately come to realize the value and incorporate the technology for their businesses as they will make them more efficient. Time will give reason!
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Time is a great healer. :)
excellent read, and I agree that demographics will be the biggest factor when it comes to mass adoption. I'm not thinking in terms of 30 years but more like 10. I am already teaching my kids about crypto as well as savings, passive income... things they dont teach in school. the crusty old bastards made their fortunes, bought everything, and now stack the deck in their favor to stay at the top of the food chain. As well more and more people are getting tired of playing against the house with a stacked deck and opting out.
Well put, my friend. People will eventually wake up to what's really going on.
The dinosaurs....”Bashing technology they don’t understand since the beginning of time” i.e. Present day Crypto
!dramatoken
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I think that like any significant change in society, it has a level of resistance to change, especially by those who have an interest in maintaining old paradigms, because they have economic interests to preserve. But such favorable changes are unstoppable. Thanks for sharing this topic.
Only a matter of time. :)
I hope he stays alive long enough to live through the next bullrun
No worries bro, any new technology is supposed to rekt alot of opinions from ''established authorities''.
These guys are just playing their part in history.
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