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    midway (midway@soapbox.midwaytrades.com)'s status on Sunday, 07-Dec-2025 23:35:00 JSTmidwaymidway
    in reply to
    • realcaseyrollins ✝️
    • casey is remote
    • CashDragon
    What adoption? Crypto hasn’t has wide spread adoption as any kind of currency. The number of transactions are insignificant compared to national currencies.

    The world isn’t going to standardize on a single currency of any kind. I’m sorry, it just won’t. Most people need centralized systems because they aren’t responsible enough to really run things on their own and they don’t want to even if they could. Do you honestly think that a system that relies on people properly storing and protecting their keys is sustainable?

    Lots of good ideas don’t scale. Remember when they were trying to get everyone to wear masks to stop the spread of COVID? That was doomed. Can masks work? Yes, they work in hospitals. Why? Because you have a very small number of well trained professionals using them. But that system doesn’t scale to the general public. Crypto is similar. Could it work within a small community of enthusiasts who really understand it? Sure. But that system won’t scale.

    I absolutely get the idea of a decentralized private financial system. I appreciate the ideas and motivations behind it. But I also live in the real world and know that such a system won’t scale to tens of millions yet alone billions of people.

    Another great example is where we are right now…the Fediverse. I love and appreciate the concept. I run my own instances. I get it. It makes sense to me. I also know that mass adoption isn’t going to happen. Most people don‘t care enough to be here. They like the simplicity of the centralized services even though they are literally the product. Such is the way of the world.

    Look, you can buy all the BCH you want and I sincerely hope it goes up and you make solid gains from it. But it is absolutely not going to get widespread adoption to come close to being a true alternative to national currencies, yet alone become the single global currency. I think I’ve made a very solid case that has not been refuted with any actual evidence…just “it will someday…”.
    In conversationabout 7 months ago from soapbox.midwaytrades.compermalink
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