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RE: I'm waiting to see if the market can withstand the dreaded Sunday dip before increasing my position.

in #cryptocurrency8 years ago

It would be a good use case, as paying in a crypto that is acceptable at all Visa locations could help a lot when traveling internationally.
But I think trying to work with big business with huge banking relationships is a dead end. If something is to happen in this direction it will have to be built from the ground up.

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I think we should pivot from this idea of mass adoption, and accept the fact that this is all going to be niche for a long long time. I mean think about it, why would a Dick or Jane want a currency that could not be replaced if stolen, or reversed if they don't like a product they bought?

Agree on that.
However, cross border remittances is a big business and if that alone is displaced by the use of cryptos it will still be a huge step forward. 3rd world countries have more need that we do in US.
Labor participation rate in US has been dropping since 2000

The new and newer generations are moving away from traditional jobs. The option of getting paid in a currency that may not be tracked by the IRS has appeal.
Possibly there will be applications that can only be accessed through crypto payments and not with dollars, etc.
All in due time.