Someone who knew I had bought a bit of Bitcoin and was very interested in the subject asked me - What is this Crypto Crap?
And that is a problem. Most of the sensational headlines about Cryptocurrencies ( There are now more than 800!) are about price action driven by
speculators speculating.
Buyers and sellers playing the financial markets that
this new currency Bitcoin and its ilk are for real. Here to stay and will
displace the present stuff.
There aren’t many ordinary citizens going about their business
and shopping for their daily needs thinking - 'We need a new currency'. They see no
issues with what they’ve got. It is accepted (with a few Venezuela like exceptions)
without question wherever they tender it.
For Bitcoin to be accepted for everyday mainstream use, its
going to have to overcome a similar perception that the Ipad first had - Something you didn’t
know you needed, but now can’t live without.
I can’t see it getting to that status.
Not a fair comparison perhaps. But Jack and Jill public will
want to see that there is some advantage to it for them
After all the test to apply to a new invention is - Does it solve a problem? Does it satisfy a need? Does it provide value?
Yes they understand that borderless Bitcoin will enable big business to move money around the world easier and cheaper.
And on an
individual level it will give them a new option for exchanging foreign currency for their holidays
Otherwise as
the man said - come on convince me. - What is this Cryypto Crap?
Now you may wonder what is the old fool doing putting
pictures of dogs in a cryptocurrency article. But there is a connection and its
how I came by the picture source.
I was following up on the snippet about Dogecoin cryptocurrency I shared in
a previous post – a reminder -
How about Dogecoin (pronounced Doggie-coin)…
Dogecoin is a new cryptocurrency for pet lovers…
It’s accepted at a number of stores to purchase everything from leashes
to an animal DNA test kit… or you could use it to pay for a “dogsitter” when
you go on vacation.
In a 7-day period, Dogecoin’s value
increased by a whopping 267%!
So could dog lovers be leading the way in actually using a
crypto currency to buy everyday things.Whatever, it led me to a dog loving facebook
page - @alikeforalick and I am pleased to be able to bring you a few of the
incredible and funny pictures . Enjoy.
The above information brought to you by – http://bitcoin-in.net - the website for all things bitcoin and cryptocurrencies. Books. Gadgets and Gear. Hardware. Gifts. Clothing i.e ‘Bitcoin Accepted Here’ Tee Shirts, Baseball Caps,Door Signs.
