I have a weak theory about Bitcoin:
In an aim to create a stable one world currency, cryptocurrencies were released into the wild to on the 'black market' side of consumerism. If the currencies failed, then the banks (& general population/governments) would not have to take the hit. After all, how many drug/arms dealers etc. are going to complain if they lost their money - and who to?
Once the cryto's are stable(ish), then the banks etc. can start incorporating them into stock markets and the like (this is where we are now).
How long before they appear as payment options on things like apple pay.
Most people are already using cashless payment methods, so we are not too far from this scenario. Crypto only needs a suggested inherent value to be used as a daily payment method (current money does not have a gold backing now, therefore this too has only a suggested inherent value).
(DISCLAIMER: I am no financial expert, don't use my ramblings as expert/professional advice.)
As an aside: i make it my mission to use cash as much as possible. If we continue the increased use the 'convenient' electronic payment methods, we WILL loose cash forever
In an aim to create a stable one world currency, cryptocurrencies were released into the wild to on the 'black market' side of consumerism. If the currencies failed, then the banks (& general population/governments) would not have to take the hit. After all, how many drug/arms dealers etc. are going to complain if they lost their money - and who to?
Once the cryto's are stable(ish), then the banks etc. can start incorporating them into stock markets and the like (this is where we are now).
How long before they appear as payment options on things like apple pay.
Most people are already using cashless payment methods, so we are not too far from this scenario. Crypto only needs a suggested inherent value to be used as a daily payment method (current money does not have a gold backing now, therefore this too has only a suggested inherent value).
(DISCLAIMER: I am no financial expert, don't use my ramblings as expert/professional advice.)
As an aside: i make it my mission to use cash as much as possible. If we continue the increased use the 'convenient' electronic payment methods, we WILL loose cash forever