Your not really understanding cryptocurrency and its development, as most in this thread are not.
Your looking at one perspective of one currency and squeezing it into what you currently do with a credit card.
Its a budding system, very much in its youth and in a few years everyone will understand its place in the world, much like they did when computers came out, dial up internet, high speed internet.
Gosh I remember over TWO DECADES ago ordering and buying stuff on the INTERNET, people thought I was NUTS.
Same here ...
Fact is, its a new paradigm and the ones who see outside the box are the ones benefiting. Much like the tech boom.
The big banks, every bank, is already in on the blockchain technology, meaning, they are aware of it and exploring how to implement it in order to survive and the biggest of the biggest banks are already in on it.
Most are comfortable not going outside the box and that is ok but to read some comments in here, (not you) trashing people like me because of my thoughts is annoying since they have no idea what they are talking about.
One of them is the massive energy claims needed to mine bitcoins, they take what the press tells them and unable to reason on their own.
Did they ask themselves how much energy and RESOURCES it takes to print ALL THE MONEY IN THE WORLD? vs digital money?
When the press was saying mining uses more energy then all of the country of New Zealand, did they ask themselves how many people live in New Zealand? *LOL* of course not and the press knows it, people just suck it up, less then 5 million people live there.
Did they ask themselves why the "press" in that story about New Zealand did not tell us how much it cost for the entire world to print paper money and metal coins AND how much energy it uses maintaining all those bank buildings? No of course not...
Did the press explain that the very newest coins are much, much more efficient, in fact, banks can transfer funds among each other now in seconds instead of days using blockchain vs wire transfers. Wire transfers are truly the equal of the old "dial up" internet connection. (for the young who do not know what it is goodle it)
Just having fun here, I just cant help it, reading posts based on fake news stories.
One top of everything else, talking about one coin/ Bitcoin vs all the others.
Here is a fact, its here, its here to stay, its going to be a part of everyones life some day. Its already part of some major financial institutions and trust me, they are working day and night trying to get in on it and CONTROL it before the institutions become irrelevant themselves.
As far as an "investment" not for everyone, high risk but no different then MANY high risk.
The risk isnt going to be if cryptocurrency survives, the risk is who is going to be the leaders and who will become irrelivant. Just like ANY new life changing technology, dating back to the invention of Television.
Ok, over and out on this subject. ...
) Happy New Year!
