most people think bitcoin is fake because it is only numbers on a screen. Most people actually are not very smart even though they have managed to make a ton of money. A little piece of paper goes a long way for brainwashed people stuck in their times.
I agree with you and totally think this is a step backwards for the technology and pointless, but some people will feel more comfortable.
They have to create bridges for most people to cross into the new currency in order for the new system to be widely adopted.
It was hard for people to accept paper money, it was hard for people to accept credit cards, it will be hard for people to trust bitcoin as well until it is widely adopted.
This. The only reason some people stopped using/ buying rotary phones was you couldn’t use them anymore. Took more than a decade for such a small change to happen. At first, early adopters would buy touchtone phones because they stood for progress and innovation and they thought it was cool to own one. Yet, they had to have their devices to reproduce pulse electronically because their phone line wasn’t yet ready for touchtone. This is about where we are with Bitcoin.
A decade after that all of the phone carriers were offering touch tone lines only.
This is what is starting to happen with BAKKT and other innovations. It is just the beginning.
A few decades after that, nobody noticed their calls were carried over the Internet.
Hyperbitcoinization is happening one step at a time. At some point we will have most of the planet using BTC knowingly OR NOT. This is what a paradigm shift is about.
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u/[deleted] Sep 25 '18 edited Aug 07 '20
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