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RE: The Key To Cryptocurrency Growth: The Circular Economy

in LeoFinance4 years ago

Seems to me that the crypto world needs to expand the scope of its horizons... or perhaps it is really get back to basics.

The first time I heard about cryptocurrency was — predictably — Bitcoin, and it was actually my sister-in-law standing in my kitchen, circa 2014, explaining about this new digital currency that was doing the rounds. Her thought was that it would become a global payment system.

I thought it was pretty cool.

That sort of idea has been totally usurped by the current notion that cryptocurrencies are an exotic high-risk investment vehicle that might enable someone to make 100x times their money back in a year. For all intents and purposes, that has nothing to do with a currency serving as a temporary store of value for facilitating the trade of goods and services.

If I could, I would totally buy a gallon of milk and a bag of potatoes with Steem — without it involving going to fiat — but I can't. Which is why I am always interested in use cases that expand the scope of what we're involved in, like the new "LeoShop."

We can't expect people to meet us where we are; we have to meet people where they are...

Look at the Internet. It didn't become anything until it moved away from just being for educational institutions and nerds playing games and watching porn. It became something when PTA moms could email each other and you could buy cheap trinkets on eBay (those are just metaphors) and such things. Similarly, cryptocurrencies have to start "meeting people" in ways that make sense in terms of how they live their lives.

=^..^=

Posted via Steemleo

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you have said it all...i fully agree with your points.....

Posted via Steemleo

All you say is very true. There is going to be a wealth creation element but, ironically, that will only come after use cases are formed. The idea that everyone buy and hold ends up meaning there is little produced with the currency. Perhaps Bitcoin can get away with this as the top dog but the rest are going to have to gamify their systems.

Actifit is on the right track with their token, offering booster packs. I hope they expand upon the idea. And you are right, Leoshop could really be something great.

Posted via Steemleo