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RE: On The Path To A Fairer Future!

in #joy7 years ago (edited)

Please don't assume it's implied though. The crypto community needs to be careful to self regulate and educate as new people enter the market. This is not obvious knowledge to all. If we don't regulate and take responsible action, regulation will be slapped down. And, the longer that can be pushed off, and the more time crypto has to mature prior, the better off we'll all be.

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I'm not saying anyone should risk all of their life savings or anyone's long term well-being if they were to lose all of their investments. I actually advice against this.

I maxed out my credit card 2-3 years ago to buy more Bitcoin than I already had but if I had lost all of them that wouldn't compromised my whole life, it would have been a very saddening experience but that's pretty much it.

It's kind of explicit then. Also this post is part of a series and in an earlier post where I said it even more explicitly.

I heed your warning. It's a valuable one.

Regardless of which side of the fence you are on, even the crypto/bitcoin haters silently agree we are moving towards a cashless society. If they don't admit it, just follow one of them around for a few days until they make a $2.00 purchase with a credit card.

That being said, in the next 10 years, cash will be a dinosaur. And at this point Bitcoin has billions of $$$ in application and corporate investment. I'm near Chicago, and have Bitcoin ATM's within miles of my house. Once the miners get the fees down, who's going to want to pay $3.00 to get cash out of their own bank account when they can do it for $.50c with bitcoin?