I never really even considered that a pandemic would be the thing that really pushed digital currency and crypto to ‘get a second look’ — after the general public seeing crypto get to $20k and then drop like a rock a lot of people who just bought to flip and make a buck will have gotten out never to return.
In fact I’d go as far to say that a majority of holders are not users or bloggers or creatives but instead saw an easy way of flipping an investment and saw that a better option that what they could find on the highstreet.
Those people that stayed in will probably reap the rewards of staying around and those looking in now might be part of the 31% of the world that are currently unbanked.
Physical cash is going away, really quickly, people are taking less out of the atm machines and when people do now it’s larger amounts so they have ‘cash on them’ — maybe it’s the whole coronavirus exchanging on ‘paper’ kinda thing or maybe it’s something much deeper.
Either way, Digital is much easier, from the electronic tap of the contactless reader to using it on your smartphone to even sending crypto to another digital wallet it’s faster, ultimately cheaper and gives you more control over your financial assets than what currently banking in the high street does.
It’s not like you can even GET to the high street these days — think of it like a centralised location where everyone is trying to get in, it’s ineffective, it’s like trying to rush the hills in the 300 with 20,000 troops and have 300 spartans holding the line, it’s slower that decentralised approaches.
With a thing called btcpayserver you can effectively become your own bank anyway so why do we need someone else to hold our assets for us? We have certainly moved on from storing the cash under the bed with all these super fast spending applications — the world has already evolved.
Just look at startup banking apps and the explosion of growth they have had, they were just in the right place at the right time.
We don’t even have a ‘vaccine’ out there yet for covid-19 and you can be sure that I’m not gonna be one of the first to just ‘give it a go’ — yeah, I think we are in for the long haul here for a little while longer tbh.
Think it’s week five or six, early stages in this really — I see those charts still going up, we are still climbing a peak and we have not reach a summit yet for us to even think that we are heading back down the other side so I say tool up, learn some new stuff and hunker down for now!
What are you doing with your time?
__humble x
p.s — grab yaself the hivelive.carrd.co (n95 filter not supplied)
pinterest epic wins pinboard → brand advocate for nokia, 1000heads, verisign → won vloggie for node666 (san fran 2006) → television for time team history hunters 1999 → sold me.dm to evan williams in april 2011 → went to phil campbell, alabama to help raise money after tornado (was on sky news, bbc news)→ CNN for sxsw 2013 about austin sxsw → video chat with robert scoble → music video can you spot me?
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