Yeah, I think the future is things like monero on decentralized exchanges. And I think more and more, we are going to have to make direct payments with it, instead of cashing it out through an exchange.
That was the whole point, it was never supposed to be paired with fiat through centralized KYC exchanges. First purchase ever made with Bitcoin was two pizzas back in 2010, no fiat involved, just a peer-to-peer transaction directly after the guy ordering the pizza and the delivery man agreed on the payment because they both understood the point of Bitcoin.
this is because prices are still denominated and contracted mentally in fiat. crypto is only being used as a payment mechanism.
at my company, we started allowing employee payments in crypto, but even still, it's just a payment mechanism. wages are still denominated in USD.
when crypto becomes more than just a payment mechanism, that it's the actual base currency for denominations, that's when shit will get real. my current biz partners would never go for that, but in my next company, i'll be doing it from the start.
Yeah, I think the future is things like monero on decentralized exchanges. And I think more and more, we are going to have to make direct payments with it, instead of cashing it out through an exchange.
That was the whole point, it was never supposed to be paired with fiat through centralized KYC exchanges. First purchase ever made with Bitcoin was two pizzas back in 2010, no fiat involved, just a peer-to-peer transaction directly after the guy ordering the pizza and the delivery man agreed on the payment because they both understood the point of Bitcoin.
The reason crypto isn't booming the way it could be is because it's because people are using it to gain fiat wealth.
People need to keep their crypto as crypto, and completely abandon the central banking system.
Using a centralized exchange is like using a gas generator to charge your electric vehicle.
this is because prices are still denominated and contracted mentally in fiat. crypto is only being used as a payment mechanism.
at my company, we started allowing employee payments in crypto, but even still, it's just a payment mechanism. wages are still denominated in USD.
when crypto becomes more than just a payment mechanism, that it's the actual base currency for denominations, that's when shit will get real. my current biz partners would never go for that, but in my next company, i'll be doing it from the start.