CRYPTO FUTURE - BITCOIN - NO, NEXT GENERATION, THAT'S THE FUTURE.
As you can see from the image, Crypto feels like playing with Chips in a Casino, well at present you might as well be doing so. It really is a crap shoot, 650 plus Crypto Currencies at present, most worth nothing and the dreams and wishes of techies everywhere is "I hope MY currency succeeds and some idot Investor or maybe a Hedge Fund or Two decide to invest mega bucks into my idea".
This really is no way for Crypto Currencies to survive in the Banker led world where once success starts to happen, the CEO of each new Currency is only one visit away from the Boys in Blue stating that they THINK you are doing something wrong ........... we can't prove it but we feel it ...... lol. As these idiots really do not know what they are even at his door for.
The next big disaster is the fact that the Chinese are now mining 95% and above of the two main Coins, namely Bitcoin and Ethereum, when I say number two Ethereum, that may all change when the Hard Fork arrives shortly. The good thing about Steem is that it is built to withstand any of this nonsense as it is a killer app that happens to use its own currency to reward good content and interaction in a positive way, Social Media and Blogging for the New Age. And before you say it, NO I am not here to simply advertise and suck up to Steem, I genuinely believe it is a great thing and congrats to them for doing such a great job so far and long may they keep up such great work, enabling what we ALL want the Internet and Fintech to become moving forward.
The issue for the masses, is that they see it as a techie toy, which in reality, if we are all being honest, it is right now. As far as we all may think we have come on this journey, Crypto Currencies are still in their infancy as a decent size Bank will trade the whole value of all Crypto Currencies combined within a matter of hours on a slow day on Wall Street, this is why they have not attacked the technology or any of the coins yet. They simp,y do not see it as a threat to their perfect system, remember that rotting, corrupt, vile thing they call Banking, sorry I think I am going to throw up just thinking about it ......... right back from the bathroom, and yes I am OK, thanks for asking. LOL.
Personally I think we need to lose the term CRYPTO for these currencies or coins or whatever term you use, please go and look up the meaning of Crypto as a term, not good. The correct term I beleive will bring in the masses over time is DIGITAL CURRENCY, this is more user friendly and will not frighten the masses as they begin to dip into the Digital Currency world as new ideas like Steem and new Currencies come forward that are using more simplified wallets, terminology and more user friendly language on their websites and blogs, etc, etc. The masses will come forward if they can understand the first thing and it only will take another crash in the Markets, Banking System, Property Market, etc and they will be struggling badly to find a safe haven for their savings and cash, remember Crypto ......... I mean Digital Currencies, arrived after the last nightmare we all experienced and we all were like lambs to the slaughter as the Bankers and their minions sent in the Bailiffs to repossess your homes and the Banks simply took your cash, if you had any left. We cannot allow this to happen this time, we all must be ready to help the masses to get themselves into these currencies and fast as I think the Bankers are preparing for this event any time soon and we all need to be ready.
So if we can make sure we use simplified terms, a simpler wallet and language that the masses can understand then when the Bankers push the button, we may all survive. We also need to be making sure the Chinese do not control the mining of Digital Currencies. We all need to understand that most of the Digitsal Currencies will not survive, therefore choose very carefully. Me personally I think Mining is flawed and it is bourne by the fact that over the last few years the Chinese have taken control of it, wow. For me a Next Generation of Digital Currencies with stabilising value will be the future, they will be based on Fully Asset Backed means. This for me means that they cannot be controlled by the Chinese or anyone else, they have real value in the real world, OK you can't join the Casino Class and make your fortune by having a Rich Mate that can loan you a few dollars to buy in and pay him back once the Currency goes stataspheric, but what you do have at that point is a safe haven for your cash. There will be other ways to make money and income after the Crash and/or the Revolution.
I hope you enjoyed my little rant but I had to get it off my chest, lol. Thanks for reading, happy Steeming. Please give your feedback and any comments.
#digitalcurrency #futureofcrypto #nextgenerationcrypto