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RE: Bitcoin Will NEVER Gain Mass Adoption (video/podcast)

in #bitcoin5 years ago

I don't think there will ever be mass adoption of any crypto, period. Because adoption implies people understanding what crypto is and using it of their own free will.

Instead, I think there will be mass distribution to people that are completely clueless about crypto, through apps that they are already using. Whichever coins get into the hands of the most people the fastest will "win".

So wallet UX doesn't matter, as the masses will never be downloading standalone crypto wallets. Instead they'll be using the wallet built in to whichever app or apps that crypto is tied to.

Bitcoin will stay king for a long time though, because there will always be people who want high security for storing and transferring large sums. But it won't be the coin you get for gaming, posting stuff online, or watching porn.

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Yes, that makes sense. If you can get them using it without them having to use the term "cryptocurrency", that's probably the best way. People will download the Starbucks app and start using Starbucks to pay for their coffee.

I'm not entirely certain about Bitcoin being used in the long term for highly secure large sums. There's definitely a lot of momentum there, but in the end I wonder how secure it will be. In my interview with Juan, he said you can't change Bitcoin easily and that's one of its key strengths. But if there's a serious problem, that quickly becomes a weakness. In the case of the block size issue, it went on for years and it was partly because the developers had this mentality of "let's play it safe". It's possible a situation could arise where playing it safe, not changing things, is actually what leads to its downfall.

Time will tell.

wait wait wait, hold on, backup! I can get paid in crypto for watching pr0n?

WHERE do I sign up? ;)

redpossumtube.com