This just proves Fiat currency will always stick around.
As the price of steem drops, it's made me stop and think about currency and the future of crypto currency and it's place in the world.
I've come to the conclusion that crypto will never be able to overtake Fiat currency as a mainstream form of currency exchange between people. Now now, soothe your tits twiddle Dee and wait til you get to the end of my post because calling me names that would embarrass a Russian sailor on shore leave after a year of staring at other men's arses and imaging they're boobs in order to get off in the shower.
So here are the reasons:
Firstly
You cannot snort cocaine with crypto. This may not seem important but it is the foundation of wall street. And if wall street don't find a utility for crypto it is unlikely to ever take off. We need institutional investors with big $ if we are to take off but to get them we need to give them a use for the crypto. Until someone comes with cocaine vaping that you can buy with Steem we're gonna be stuck in this rut.
Secondly
Money fights. You can't have a crypto money fight. Or if we did throw hard drives or USB wallets at each other then there would be a lot of bruises as well as many people crying like little bitches after that HDD with 20 BTC breaks apart and you're no longer able to transfer it anywhere. It's just not the same as flinging a bunch of singles at your friend like he has a thong and is working his way through college.
Thirdly
Seriously? You need a 3rd reason and aren't continued yet? Ok fine. Cash is untraceable. Where as we know exactly where every Bitcoin has gone and in wallet it's been. Cash... That $10 bill that you just used to snort cocaine was in a hooker's G-string yesterday, an octogenarian's sock last week and last month a lady with lung cancer coughed up a piece of her lung into her hand after getting change for another pack of cigarettes. Maybe. Maybe not. Who knows. No idea, it's better than Zcash but no one considers you a criminal for having it.
I hope I've convinced you that cash is the future of currency. Crypto is just temporary fling with technology.
daem....there is a crypto game in this....
we can throw crypto onto virtual g-strings and thongs (not real ones like what Jerry did with selfies)
and just use cryto to buy snort and all sorts of goodies (gamify that shitz)
and make fighter wear a crypto suit, and where it lights up with crypto sign...they gotta punch or attack that spot on the body to win coin..... we'll call it 'proof of kungfu'
But alas can't beat cash as untraceable .... i saw Narcos on Netflix, they bury that shit and later...it just disintegrated. ... no that isn't as untraceable as the shit we all know but don't know, if the government keep printing money to buy teeter to short crypto, eventually what's going to happen to all that fiat money floating around? disintegrate in value...that makes your fiat value disappearing
that kind of disappearing is truly and totally untraceable.
P.S. Like printing more annually to cover all the politician cost is not enough, now government have to print even more to short every other asset, sweet lets see them buy up every crypto to short it like they did Silver and Gold 80 years ago and 30 years ago....bwahahah, only lasted >20 years the last two times....and after that time, fiat became 1/10 its value to bling-bling....and also a big recession hit!
meep
meep!
thanks @ionlysaymeep!
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X3!
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moop
You make a compelling case, what happens when you have to slip the waiter a fiver
just tell him you didn't want to pay a high gas charge and he should expect it in 12-14 hours.
I loved this talk of dirty money. I have to remind my kids not to put money in the mouths.
Sadly, Australia is aiming to go cashless in 2020. So then it won't make a difference if it's fiat or crypto. I wonder what will happen with drug laws then.
My guess is they'll legalise it. And tax the shit out of it. Since it'll end up almost untraceable, will be easier just to collect GST
((cash is the future of currency. Crypto is just temporary fling with technology.))
You got it
just upvoting so you get a payout, the dust threshold is $0.02, anything less results in zero payout.
welcome to Steem @adeshvy
go enable gina and register for msp to upvote your post, go search to find out more
Hey, I see you're new to steem.
To quote something put a > in front of the sentence. e.g.
>cash is the future of currency. Crypto is just temporary fling with technology
And it will look like this
So in hindsight, crypto is a slut. Just use and dump for instant gratification.
giggle you said "hindsight"
Please upvote: https://steemit.com/free/@bible.com/4qcr2i
Please upvote: https://steemit.com/free/@bible.com/4qcr2iPlease upvote: https://steemit.com/free/@bible.com/4qcr2i