Why bitcoin won’t be a mainstream in the near future
The concept of cryptocurrencies is philosophical in many ways. Despite of media that are telling us bitcoin is everywhere, it’s not that common yet.
Recently I go to hairdresser and a girl making my hair tried to make a conversation. She asked if I was dealing with cryptocurrencies and that she had heard about it. And then she asked how did it work?
I tried to explain her that crypto is same as paper money, but there is no paper and there is no government for crypto :)
I’m not sure if she got it, but she said: “Oh, I think it’s still too far until my granny can deal with bitcoins”. And that was the essence.
Apparent that bitcoin is for a certain circle of people, the community. And it’s going to be like that. Here’s why:
It’s hard to get into bitcoin if you are not an IT (tech) person or if you are not trading guns.
The advantages of bitcoin usage are not that obvious for ordinary people.
Even if they have BTCs, they can mess up with passwords to access it like this guy 👇
It means that the golden age for hackers is about to come: when common people make their wallets without the elementary knowledge how to protect it.
Then the governments would have to deal with this kind of crimes, like they are trying to deal with ICOs now. And they will have to find out the punishment for the crypto thieves.
Bitcoin and crypto would not just replace paper money, it would change the whole system, including government role in regulating the cash flows and trade, therefore taxes… That’s a brand new type of financial ecosystem which we haven’t faced before. Like an alternative society from the different planet.
At the moment nobody is ready to make that changes. So bitcoin will still stay a community token and complementary for fiat currencies, rather than substantive money.
