When will the penny drop with the general public?
Welcome back to another blog post! We recently shared news and reports from Coinfest, the Internet of Things Expo, the IMF talk a couple of days ago and its led to us asking and wondering when the penny is going to drop with the general public.
When is all this Bitcoin talk going to be replaced with interoperability and XRP talk?
Think about how much you know about the internet. How much do people really know about IP addresses, https and Javascript. I feel confident saying that the majority of the general public know very little. Most people know that you can send information from one platform to another very easily but don’t know how it happens.
The same thing will happen with the internet of value – very few will know much about how it works, only that it is possible to interoperate and do so very easily.
When you currently purchase something on Amazon, you have a pending transaction for 3-5 days. Once this pending payment time disappears and it happens instantly, will the general public know what is happening behind the scenes? Or when your local bank starts offering custodial services for holding and storing XRP, will the general public then all know about crypto assets and the technology behind it? At what point is the penny going to drop?
The IMF came out the other day and spoke about liquidity, Bretton Woods, reserve currency status, digital SDR’s and the W3C. They literally mentioned it all without talking about RippleNet, Ripple Tech and ILP. This is all going to unfold in stages. It is unbelievable how early we are.
The internet of value will be here in the next 3-5 years, and this will clearly drive up volume and price, but the internet of things will also be evolving alongside this. But first we need the internet of value to be stable, to have global liquidity on demand, so that you can transfer almost anything of value using ILP. This is when machine to machine will surge.
Fiat currencies are soon to become CBDC’s (central bank digital currencies) and everything will be tokenised, including derivatives, securities, commodities and stocks and all the assets you own. We currently have the internet of data, the internet and value is being built and the internet of things will be built on top of this. These three will combine to make up the internet of EVERYTHING.
The world is changing right in front of our very eyes. So let’s enjoy the journey and spread this message so the penny drops with the general public! We love DLT, we love XRP, we love where the world is going, and we love you!
Written by Dominic Zohreh
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Scott’s video on this topic -
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