[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 21 KB, 478x267, pen.jpg [View same] [iqdb] [saucenao] [google]
9619450 No.9619450 [Reply] [Original]

Blockchain is a good tech, but cryptocurrencies need to be easier to understand for it to ever be accepted by average people and businesses.

Explain, in no less than a paragraph, why I, a normie father/mother of 3, would want to use crypto. Either as an additional asset or replacement of fiat.

Bonus: Explain how my business, either small or large, will benefit from any crypto rather than fiat. Remember that most businesses rely on debt from banks, as 90% of fiat currency is in the form of credit today. Explain why I´d rather want a decentralized system.

>> No.9619465
File: 53 KB, 295x250, 9DD40289-9949-4981-9A73-7F35C1C0414A.png [View same] [iqdb] [saucenao] [google]
9619465

>the internet is great technology but everyone needs to be able to understand TCP/IP and kernels for it to ever be accepted

>> No.9619471

>>9619450
Say you want to take a vacation too a foreign country.
You would have to exchange currencies and the fees in this day and age are ridiculous.

2nd you don't control ur own finances you would have to literally ask the bank to let you spend ur OWN money while traveling.

3rd what happens if ur in a tight jam? You would have to use the ATM and be charged out the ass to withdraw money.

All this can be replaced by handling ur own finances and being in control of ur own money. Which is crypto.

What do i win op?

>> No.9619477

You won't use cryptocurrencies yourself. It will be used as the backbone for financial and smart contract services that you would be stupid not to implement in your business.

>> No.9619486
File: 32 KB, 248x189, F89F0CF8-207B-428C-9FE0-32D46B59FF70.jpg [View same] [iqdb] [saucenao] [google]
9619486

i dont even know how blockchain works

>> No.9619487

>>9619471
Weak ass arguments lmfao

>> No.9619491

>>9619465
The internet was a scruffy nerd side-project for 30 years before Gates was able to convince businesses and normal people that sending emails and reading online was very cool and practical.

You gotta do the same for crypto to work, and so far nobody has gotten close. Now, tell me how and why crypto is here to stay.

>> No.9619501

>>9619491

The general public never needed to understand it and still doesnt. They can use it everyday though.

Think about it for a while and you have your answer

>> No.9619526

>>9619450
stop thinking of blockchain and cryptocurrencies as front-end and start thinking about them as back-end. It will make sense soon enough.