Even if I understand only max. 50% in detail: Super article! Because it shows exactly the problem of crypto/Bitcoin, why they can never replace a classic monetary system in the next 150 years: At least 95% of people don't understand it and don't have the time to deal with it in depth to understand it. Unfortunately... @ccf
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@Zackdela79 Yes, Bitcoin can and must be improved as well. However, the pure transfer of BTC from A to B is a fairly simple process. Here I am quite confident that we will see possibilities for this in the next few years to actually make Bitcoin suitable for the masses. I actually see a much bigger problem in the altcoins and their 'additional services' ... I could well imagine that in the next few years a handful of cryptos will emerge that are successful in the long term and offer useful services. Then there will also be mass-friendly solutions for these cryptos. At the moment, however, we have the Wild West incl. gold rush mood here. Everyone is just trying to make money somehow
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@Zackdela79 hm I think 150 years is a bit pessimistic (even if it may be an exaggeration on your part). Basically, I agree with you that crypto is still very nerdy and a niche product from a global perspective. But this week I watched "Jobs" - the film version of Steve Jobs. The fact that in the 70s a hippie came up with the idea that the granny next door could also be interested in a PC has made Apple the largest company in the world in less than 50 years. And since the Internet and advancing digitalization and globalization, knowledge is spread incredibly fast. If we look at where the Internet was 20 years ago, we realize that the world is turning much faster. An integration into our money system through BTC I do not see as unrealistic in the medium term - see El Salvador. Which does not mean that every cryptocurrency has its raison d'être. Many people don't understand that many cryptocurrencies are ultimately just startups and only differ from penny stocks in that they are less regulated on the stock exchange.
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