RE: Fleccy12 Jan 2023 17:22
fleccy - Without doubt Bitcoin is a 'make hey while the sun still shines' project. It was the first of the incoming revolution of crypto currencies. Back in the day when FIAT first arrived, there would have been scepticism such as yours, but as things developed FIAT has now become the norm for payments. No more swapping 3 chickens for a cow etc. If you look at the various forms of FIAT used today, they vary in value in much the same way crypto coins do. Are you old enough to remember 3 USD per 1 GBP.
The next phase of crypto is 'stable coins' a digital version of FIAT. The attraction of crypto is the ease of payments. It cuts out the middle man who is scraping pretty much 3% off every transaction. With crypto being peer to peer, that business is dead. A blockchain ledger is however a very important part of the chain. Without it, tax can go unpaid, crimes can be committed etc etc. Governments and business are very interested in the crypto world, that's why it will be embraced.
DEFI is the future, FIAT will soon be the past.
The future of QBT when all the coins are mined... Who knows, but by that time probably creating AI for Web4...