As we experience the shitdoings of the deepstate in office, more people have waken up from using their fiat system that enslaves us with debt. Whether or not u use cryptocurrency, do you think crypto bear markets are less significant (shorter time frame or less deep dips) as more people switch over to blockchain led decentralized finance and use it more?
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (14)
sorted by:
A majority of trading is done over internet today, digital payments, cards, and plenty of payment systems while most people have no knowledge whatsoever on how any of that stuff works, business owners just wanna stay in business, take orders, get paid and deliver their items.
The day dollar crashes you could literally rebuild your web shop and start accept crypto payments in just a matter of minutes or hours. Using the platform you already have. You just have to determine a price on the stuff you sell that your customers think is reasonable. A price you could obviously adjust at any time if it turns out to be too expensive or too cheap.
Sure you can free-trade or do bartering at your local farmers market and small physical stores, but anything internet related is gonna need a digital medium of exchange, and that's where crypto comes in. The alternative, if any would be some hastily written centralized crap thrown together by some government or banking entity without proof of safety, proof of redundancy or proof of stability.
No internet no crypto though. Like I said, it has its upsides but it also has just as many downsides. It's not much better than fiat currency. What's going to happen when there is 5000 different meme coins and nobody can figure out the worth of anything? The US dollar is going to crash, and I personally don't want to be holding onto anything besides physical when the time comes.
Without internet, the whole world collapses, too many systems depends on it directly. Currency is just a tiny part of usage areas.
Alt coins are always paired with Bitcoin, as soon as you know the value of Bitcoin you know the value of every alt coin relative to Bitcoin. This is done by decentralized exchanges so there isn't even any central point of failure or dependency.
5000 meme coins won't be worth more then monopoly money either way. Physical is good tho, just make sure it's actually physical precious metals and not just some slip of paper claimed to be backed by gold or silver.
Bitcoin is definitely the most suspicious of them all and if that's what the value of other coins is based off of that is extreme sketch in my opinion. I'll just stick with my stackers lol.
Seems like you've swallowed to much media propaganda then. It was the first blockchain based digital currency ever created, designed after the situation back in 2008.
A different time if you don't remember, where desktop home PC's where still the most popular choice for computer, smart phones was just released and hard drives was the main type of storage, which followed mores law.
Since the invention of SSD's and centralized cloud storage due to the popularity of smart phones, plus that dedicated chips where designed to calculate SHA256 a million times faster than a regular home PC of course many parts of the original Bitcoin design doesn't make sense.
That's literally the reason why there are forks at all and lot's of discussions on how to design blockchains for scalability, privacy and lower amounts of local storage.
Besides, today far more coins are paired with fiat so just because Bitcoin initially was the "base" coin for exchange to fiat, it's not the only one today. And why would that matter anyway the day fiat collapses?
Exchange pairs only means you can trade it. Take houses, cars and gold coins for instance. One house is worth 4 cars... does that make sense to you? does all trading has to be like that, just because houses was the "base" currency before gold was found? of course not. Just use gold and say x coins for a particular house, and y coins for a particular car. Suddenly things will make sense again.