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RE: The Cryptocurrency Revolution is Simply a Revolutionary Way to Acquire the Old Currency

in #bitcoin7 years ago

It's easy to get frustrated.

However.

Most of everything that anyone does has to do with personal gain of some sort, whether it is done for fame or fortune. That's not a bad thing. It's what motivates us -- so let's ride that wave that nature has given us.

Of course crypto is hammered on in order to cash out in fiat. But that's because fiat is the current denominator.

The whole point of crypto is to change the denominator. And we will reach a point where stuff is referenced in crypto rather than referenced in fiat. Only once we reach this point will fiat cease to have pricing power, and once it ceases to have pricing power, it will remove the ability to debauch the currency that central governments currently have.

Once this happens, the good things we saw in crypto can come to pass. Imagine governments with limited ability to debauch currency to make war!

The future is bright. Just have to have faith.