RE: Crypto Mass Adoption and a Peaceful and Abundant World
I fully support the idea of cryptocurrencies, and I certainly see their place in the world, but I'm as yet unconvinced that they'll be able to replace fiat currencies anytime soon. The biggest strength that fiat currencies have is that they are backed by central banks and governments; and governments, of course, can tax their own currency. As it stands right now, they do not have the ability to easily tax cryptocurrencies.
The other biggest obstacle is one of stability. For the most part. most currencies are relatively stable and not prone to wide valuation swings (this isn't a hard and fast rule, but for the most part it's true). Cryptocurrencies - as of yet - are not yet really stable. I think it will ultimately happen, but will take a lot of the currencies being weeded out.
Thanks for commenting Victor.
Personally I think the fact that fiat currencies are backed by governments and banks is not a good point. Basically they steal our fiat money by vastly inflating it (reducing the value) by printing (or pushing a button on a computer) whenever they wish, and by paying themselves fat cat salaries, even when the banks fail, although when they fail (due to stealing too much of our money) the governments just print (or press a button on a computer) more money to bail out the bank (so the fat cat bankers can continue to receiving multi-million dollar salaries and bonuses). All paid for by the common people by the decreasing value if the fiat currencies.
So yeah, they will be gone soon :-)
And as for taxes, they use them to bomb our brothers and sisters so I'm happy that cryptos are difficult to tax. A revolution is coming, and Matrix-8 Platform will enable us the common people to organise ourselves better than the powers that shouldn't be, creating and using alternate equitable systems, so the corrupt banks with their corrupt fiat currencies and the corrupt murdering governments will no longer be needed.
Rant over
Peace and Love always
Atma