Viewing a response to: @musing-threads/pk2dhbllx
<a href="https://musing.io/q/jk6276/fkyhmge95"><b>View this question on Musing.io</b></a>
| author | jk6276 |
|---|---|
| permlink | fkyhmge95 |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","money","blockchain","bitcoin","crypto"],"appCategory":"cryptocurrency","appTitle":"Can you realisticlly imagine a day where Crypto has overtaken fiat in usage?","appBody":"Interested to know if people think this is a revolution overthrowing the fiat system, or an evolution that will live and become a part of the current financial system.","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}" |
| created | 2018-11-03 03:51:06 |
| last_update | 2018-11-03 03:51:06 |
| depth | 1 |
| children | 7 |
| last_payout | 2018-11-10 03:51:06 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.378 HBD |
| curator_payout_value | 0.105 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 89 |
| author_reputation | 187,739,667,125,031 |
| root_title | "Musing Posts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 74,580,703 |
| net_rshares | 438,551,866,590 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| jasonshick | 0 | 47,870,850,657 | 17% | ||
| musing | 0 | 386,786,165,582 | 1% | ||
| anonsteve | 0 | 3,894,850,351 | 100% |
<a href="https://musing.io/q/jk6276/fkyhmge95">View this answer on Musing.io</a>
| author | anonsteve |
|---|---|
| permlink | fkdwmqn95 |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","money","blockchain","bitcoin","crypto"],"appCategory":"cryptocurrency","appTitle":"Can you realisticlly imagine a day where Crypto has overtaken fiat in usage?","appBody":"<p>The world would have to be a very different place. Governments love fiat money of their own because national central banks allow each nation use monetary policy as a tool of policy making. Yes, central banks are supposed to be independent but in a lot of countries, they aren't. An even in the West, central banks are under a great deal of pressure to support government policies. Secondly, governments would have to make cryptocurrency legal tender. According to the definition of legal tender, the government 1) makes accepting legal tender as a precondition for enforcing repayment of debt, 2) requires any entity having accounting obligation to use legal tender as the unit of account, and 3) requires all taxes and fines to be paid in legal tender. Because of those reasons, legal tender has a huge advantage over all other means of payment. </p>\n<p>Perhaps Bitcoin with the Lightning network or something similar could be able to scale sufficiently. Legally, Bitcoin and the lightning network or other cryptos in that role would be payment systems instead of currencies. From a legal point of view using crypto as a medium of exchange would be a case of barter. The only way I see governments being forced to accept Bitcoin or some other cryptocurrency as legal tender is it having been become a de facto currency of international commerce or, for example, payments between machines on the Internet of Things or otherwise have been grown too big to not grant it this status. </p>","appDepth":2,"appParentPermlink":"fkyhmge95","appParentAuthor":"jk6276","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2018-11-03 18:37:03 |
| last_update | 2018-11-03 18:37:03 |
| depth | 2 |
| children | 0 |
| last_payout | 2018-11-10 18:37:03 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.362 HBD |
| curator_payout_value | 0.115 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 80 |
| author_reputation | 18,340,091,026,808 |
| root_title | "Musing Posts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 74,618,478 |
| net_rshares | 420,239,669,517 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| reazuliqbal | 0 | 2,828,088,265 | 3% | ||
| jk6276 | 0 | 11,045,782,543 | 100% | ||
| musing | 0 | 405,314,306,470 | 1% | ||
| zayedsakib | 0 | 956,959,092 | 5% | ||
| mixr | 0 | 94,533,147 | 25% |
<a href="https://musing.io/q/jk6276/fkyhmge95">View this answer on Musing.io</a>
| author | cryptoandcoffee |
|---|---|
| permlink | fk98xnu4x |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","money","blockchain","bitcoin","crypto"],"appCategory":"cryptocurrency","appTitle":"Can you realisticlly imagine a day where Crypto has overtaken fiat in usage?","appBody":"<p>I can see it happening but don't ask me for a time frame. I think it will slowly creep into every day life and happen over a fairly short period once it starts.</p>\n<p>I can remember when the mobile/cell phones were launched and it took a few years to take hold and now look at everybody. People were reluctant to buy one and as it took hold everyone jumped in. I think it will follow the same lines as that when it happens.</p>\n<p>Fiat and crypto will be used side by side and it won't replace it totally as everyone will have a choice. the way we do our banking and paying of items will change but these things will take time. Once all the FUD has gone and it is all positive news it will start to swing quite rapidly.</p>\n<p>The more Dapps that are being built and the more usage we have of every day crypto will have a huge say in bringing this to fruition. Will it be 5 years/10 years or longer no one knows ,but I am positive it will happen.</p>","appDepth":2,"appParentPermlink":"fkyhmge95","appParentAuthor":"jk6276","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2018-11-11 01:26:27 |
| last_update | 2018-11-11 01:26:27 |
| depth | 2 |
| children | 0 |
| last_payout | 2018-11-18 01:26:27 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.252 HBD |
| curator_payout_value | 0.083 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 80 |
| author_reputation | 3,684,266,464,520,932 |
| root_title | "Musing Posts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 75,065,011 |
| net_rshares | 386,066,544,334 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| musing | 0 | 384,294,038,351 | 1% | ||
| green-heron | 0 | 1,772,505,983 | 10% |
<a href="https://musing.io/q/jk6276/fkyhmge95">View this answer on Musing.io</a>
| author | funtraveller |
|---|---|
| permlink | pktxqfu4x |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","money","blockchain","bitcoin","crypto"],"appCategory":"cryptocurrency","appTitle":"Can you realisticlly imagine a day where Crypto has overtaken fiat in usage?","appBody":"<p>Absolutely, Yes! </p>\n<p>Though it might not be available on areas that are not fully developed yet and doesn't have sufficient infrastructure (internet). </p>\n<p>But for the majority of 1st world & developing countries who are able to tap into the technology that supports crypto, then it's a yes for me! I just really hope that will become feasible & more reliable in the next few years to come.</p>","appDepth":2,"appParentPermlink":"fkyhmge95","appParentAuthor":"jk6276","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2018-11-10 15:14:03 |
| last_update | 2018-11-10 15:14:03 |
| depth | 2 |
| children | 0 |
| last_payout | 2018-11-17 15:14:03 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 80 |
| author_reputation | 507,100,769,742,493 |
| root_title | "Musing Posts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 75,040,097 |
| net_rshares | 0 |
<a href="https://musing.io/q/jk6276/fkyhmge95">View this answer on Musing.io</a>
| author | gamernoob |
|---|---|
| permlink | pkxy8u4l5 |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","money","blockchain","bitcoin","crypto"],"appCategory":"cryptocurrency","appTitle":"Can you realisticlly imagine a day where Crypto has overtaken fiat in usage?","appBody":"<p>I can totally imagine that day. But will it happen? I have no freaking idea. </p>\n<p>I think crypto is more likely to become part of the larger financial system rather than something that will overthrow the current system. You only need to look at the government agencies who are looking to create their own coins. Or the banks who are also looking at how they can incorporate the technology into their current banking systems. This is how the crypto market will receive mainstream usage. </p>\n<p>I don't think there will be a revolution in the way some people are talking about it. It will be more an adoption of the technology. Some of the current players will lose out. Others will win big. I personally think that the players who are using crypto for uses such as social media and gaming platforms will survive quite comfortably. Others who are trying to disrupt the financial sector such as XRP could quite possibly be replicated and driven out of the market. </p>","appDepth":2,"appParentPermlink":"fkyhmge95","appParentAuthor":"jk6276","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2018-11-03 03:57:12 |
| last_update | 2018-11-03 03:57:12 |
| depth | 2 |
| children | 1 |
| last_payout | 2018-11-10 03:57:12 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 1.037 HBD |
| curator_payout_value | 0.342 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 80 |
| author_reputation | 3,004,523,313,084 |
| root_title | "Musing Posts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 74,580,941 |
| net_rshares | 1,197,804,233,992 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| lolicorn | 0 | 449,004,909 | 10% | ||
| jk6276 | 0 | 10,535,228,675 | 100% | ||
| musing | 0 | 1,186,820,000,408 | 3% |
<p>Yes, I think that trying to tackle the entire existing financial system is a doomed adventure. There is too much power and control from the fiat banks and institutions to let that happen. The best case outcomes as you say for crypto are currently social uses. Growth will come from building that user base, and eventually the big end of town will have to adapt.</p><p>The best revolutions begin from within. Becoming a part of the existing system, through regulation and playing the game to the rules of the big guys is the best hope for growth of the financial usage side of crypto.</p><p>Thanks for your response.</p>
| author | jk6276 |
|---|---|
| permlink | f38xqvelx |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","money","blockchain","bitcoin","crypto"],"appCategory":"cryptocurrency","appBody":"<p>Yes, I think that trying to tackle the entire existing financial system is a doomed adventure. There is too much power and control from the fiat banks and institutions to let that happen. The best case outcomes as you say for crypto are currently social uses. Growth will come from building that user base, and eventually the big end of town will have to adapt.</p><p>The best revolutions begin from within. Becoming a part of the existing system, through regulation and playing the game to the rules of the big guys is the best hope for growth of the financial usage side of crypto.</p><p>Thanks for your response.</p>","appDepth":3,"appParentPermlink":"pkxy8u4l5","appParentAuthor":"gamernoob","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"comment"}" |
| created | 2018-11-03 04:36:21 |
| last_update | 2018-11-03 04:36:21 |
| depth | 3 |
| children | 0 |
| last_payout | 2018-11-10 04:36:21 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 625 |
| author_reputation | 187,739,667,125,031 |
| root_title | "Musing Posts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 74,582,167 |
| net_rshares | 0 |
<a href="https://musing.io/q/jk6276/fkyhmge95">View this answer on Musing.io</a>
| author | jasonshick |
|---|---|
| permlink | f3w2du4lx |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","money","blockchain","bitcoin","crypto"],"appCategory":"cryptocurrency","appTitle":"Can you realisticlly imagine a day where Crypto has overtaken fiat in usage?","appBody":"<p>Yes I do foresee a day where it overtakes fiat. Some governments are already taking steps to create their own cryptocurrency because they know the power and the benefits that crypto can have. There is still a long way to go until that day happens, but the fact that we are having this conversation is a great sign</p>","appDepth":2,"appParentPermlink":"fkyhmge95","appParentAuthor":"jk6276","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2018-11-03 04:00:42 |
| last_update | 2018-11-03 04:00:42 |
| depth | 2 |
| children | 1 |
| last_payout | 2018-11-10 04:00:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.629 HBD |
| curator_payout_value | 0.204 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 80 |
| author_reputation | 34,285,892,602,808 |
| root_title | "Musing Posts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 74,581,067 |
| net_rshares | 727,106,045,499 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| berniesanders | 0 | -5,881,343,510 | -1% | ||
| nextgencrypto | 0 | -835,186,462 | -1% | ||
| thecyclist | 0 | -6,934,776,967 | -1% | ||
| engagement | 0 | -157,593,459 | -1% | ||
| iflagtrash | 0 | -32,301,356 | -1% | ||
| randomthoughts | 0 | -1,106,570,801 | -1% | ||
| thedelegator | 0 | -26,353,063 | -1% | ||
| jasonshick | 0 | 319,992,744,229 | 100% | ||
| ngc | 0 | -130,903,471,146 | -1% | ||
| cheneats | 0 | 258,786,472 | 70% | ||
| abusereports | 0 | -149,048,689,876 | -100% | ||
| jk6276 | 0 | 10,333,010,301 | 100% | ||
| musing | 0 | 395,372,104,204 | 1% | ||
| fulltimebot5 | 0 | 49,293,821,181 | 39.88% | ||
| fulltimebot12 | 0 | 123,670,521,669 | 100% | ||
| fulltimebot43 | 0 | 123,111,344,083 | 100% |
<p>I find it an interesting conversation. In some ways, how people feel about this is coloured by why they came to be involved in crypto in the first place. There is definitely an anti-establishment (Fu** the system) crowd, and I admire their enthusiasm and idealism. Most of us however, don't really care and are here for other reasons. </p><p>Thanks for your comment.</p>
| author | jk6276 |
|---|---|
| permlink | p38nwte9x |
| category | musing-threads |
| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","money","blockchain","bitcoin","crypto"],"appCategory":"cryptocurrency","appBody":"<p>I find it an interesting conversation. In some ways, how people feel about this is coloured by why they came to be involved in crypto in the first place. There is definitely an anti-establishment (Fu** the system) crowd, and I admire their enthusiasm and idealism. Most of us however, don't really care and are here for other reasons. </p><p>Thanks for your comment.</p>","appDepth":3,"appParentPermlink":"f3w2du4lx","appParentAuthor":"jasonshick","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"comment"}" |
| created | 2018-11-03 04:39:15 |
| last_update | 2018-11-03 04:39:15 |
| depth | 3 |
| children | 0 |
| last_payout | 2018-11-10 04:39:15 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 377 |
| author_reputation | 187,739,667,125,031 |
| root_title | "Musing Posts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 74,582,240 |
| net_rshares | 0 |
hiveblocks