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Author Topic: Crypto is not the future, it is the present  (Read 475 times)
Vincom (OP)
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February 25, 2024, 02:00:51 AM
 #1

The comparison between crypto and the internet's rise is apt. Both witnessed initial pronouncements of being "the future". While the internet undeniably exploded in the 2000s[1], its true impact came when everyday services like texting and news searches emerged, solidifying its position as the present. Crypto, like the early internet, faces a similar trajectory.

Fast forward from "Crypto is the future" narratives of 2017, and we see significant progress:
  • Dozens of companies accept Bitcoin payments[2].
  • Investment funds have BTC Spot ETF products, major corporations hold Bitcoin[3].
  • Governments are exploring Bitcoin, with El Salvador even adopting it as legal tender[4].

These developments arguably surpass the level of internet adoption in the early 2000s. This begs the question: Are we already in the "crypto era"?

Instead of framing crypto as solely "the future", perhaps it's more accurate to say it's "becoming increasingly present". It's no longer a futuristic concept but a budding reality actively influencing various sectors.

And you, what do you think, please share your views:
  • Do you think we have reached the crypto era?
  • You think crypto is the future, or crypto is the present?
  • If crypto is the future, when will that future come?

References:
[1] Internet vs Crypto Adoption: How Do Their Adoption Curves Compare?
[2] Who Accepts Bitcoin as Payment?
[3] Bitcoin Treasuries
[4] El Salvador Just Became The First Country To Accept Bitcoin As Legal Tender

“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
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February 25, 2024, 02:14:08 AM
 #2

We are now in the middle of the crypto Era. Before 2017 it was beginning of crypto Era and the crypto revolution attract the attention of investors,traders and many other from all over the world. Hence Blockchain is open for all and everyone can start their projects here so many devolpers worked on it. In this way the limited crypto idea become more wider and NFTS,Metaverse start the new ERA. Gaming is now also changed to crypto friendly and in these 3 years so many gaming project launched which offer high quality gaming. Crypto offer world wide trading without limitations. crypto is for both present and future but I think its full potential has not yet realized. Full realization depends upon the adoption, technological advancement. It will tooks some times for widespread of crypto and Maybe we have to wait longer but still crypto have got some advance realization.









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February 25, 2024, 02:17:44 AM
 #3

We are now in the middle of the crypto Era. Before 2017 it was beginning of crypto Era and the crypto revolution attract the attention of investors,traders and many other from all over the world.
(....)
Then it means we are still early in the cryptocurrency market.
Having enough knowledge and well-informed in cryptocurrency right now will help the community to grow by sharing our knowledge to others and create the future using our present knowledges.

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February 25, 2024, 03:00:13 AM
 #4

I think crypto is for now as well as the future, and for now I think crypto is still very early and progress in the future is starting to show a lot of signs that it will be much better than now.
Crypto has become a solution to several problems that are still difficult to solve, regarding whether in the future it will be adopted en masse throughout the world, only time will tell. But the signs are already visible and some countries are starting to try using cryptocurrencies as their legal payment option, and other positive signs will continue as time goes by. So that is a possibility
that the future of crypto will be much better.
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February 25, 2024, 03:26:09 AM
 #5

The comparison between crypto and the internet's rise is apt. Both witnessed initial pronouncements of being "the future". While the internet undeniably exploded in the 2000s[1], its true impact came when everyday services like texting and news searches emerged, solidifying its position as the present. Crypto, like the early internet, faces a similar trajectory.

Fast forward from "Crypto is the future" narratives of 2017, and we see significant progress:
  • Dozens of companies accept Bitcoin payments[2].
  • Investment funds have BTC Spot ETF products, major corporations hold Bitcoin[3].
  • Governments are exploring Bitcoin, with El Salvador even adopting it as legal tender[4].

These developments arguably surpass the level of internet adoption in the early 2000s. This begs the question: Are we already in the "crypto era"?

Instead of framing crypto as solely "the future", perhaps it's more accurate to say it's "becoming increasingly present". It's no longer a futuristic concept but a budding reality actively influencing various sectors.

And you, what do you think, please share your views:
  • Do you think we have reached the crypto era?
  • You think crypto is the future, or crypto is the present?
  • If crypto is the future, when will that future come?
Certainly I think we have reached the cryptocurrency era. Because we have started using almost everything through cryptocurrency, starting from the internet, we have everything now in our hands, then we can easily say that we have reached the cryptocurrency era. Also I think crypto has both present and future we are currently investing in crypto currency of course for future good plans. If there was no future for cryptocurrencies then we would never have invested in cryptocurrencies for the future, we are investing in cryptocurrencies because there is a future.

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February 25, 2024, 06:41:48 AM
 #6

And you, what do you think, please share your views:
  • Do you think we have reached the crypto era?
  • You think crypto is the future, or crypto is the present?
  • If crypto is the future, when will that future come?


1. Well, it can't be said that crypto is the future in the sense that it is completely useless at the moment because that wouldn't be true. The level of adoption it has right now is already insane and it's increasing over time.

2. I believe it's both. It has captured the present already but it will most probably have a bigger impact in the future when the adoption and demand increases even more, and there will be more usabilities for cryptocurrencies and stuff.

3. Nothing can be said about that, it can be after a few years, a few decades, or maybe more than that. We can't know what kind of hurdles this industry might have to face in the future, but it will prevail some day, for sure.

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February 25, 2024, 07:36:06 AM
 #7

And you, what do you think, please share your views:
  • Do you think we have reached the crypto era?
  • You think crypto is the future, or crypto is the present?
  • If crypto is the future, when will that future come?

1. I do not think that the crypto era has started as only a handful of countries and their citizens are in the cryptocurrencies. It will take another 10 years time for the crypto era to start and grow.

2. Yes, it is the future and the way things are changing in the present helps the crypto adoption in the future.
3. I cannot envision the future but I can say we will see a gradual increase in crypto adoption and lot more companies will be venturing into the crypto sphere for their own benefits.
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February 25, 2024, 07:41:04 AM
Last edit: February 25, 2024, 08:31:06 AM by ARTOIS
 #8

Now we are at the beginning of the crypto era, and this field is considered completely new, and the changes that are occurring now are just small steps in view of the importance that it will have in the future.
 I believe that this is not the present, but rather the beginning of the past, and many changes will occur in the future.
 The happy thing here is that the one who try to invest before or now,  will not regret it, as the field is growing rapidly and positively, and the value of digital currencies is growing every day.

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February 25, 2024, 07:55:30 AM
Last edit: February 25, 2024, 08:20:12 AM by Pi-network314159
 #9

Crypto is like a parable which has many meaning to different people. To you it might be that crypto is now and not the future but to some it is the future and not now, but to me I see it as just the beginning because it is just bearly 16years of existence. what would be the fate of cryptocurrency when it is 50years ahead? Think about the value of bitcoin, etherium, BNB, Solana, ADA, pokadot and other altcoins, what will be there value then? I know some altcoin has a short life spam no doubt and I can not say much about them but let me single handedly pick out Bitcoin and etherium. What do you think of there price in 50years time?

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February 25, 2024, 07:56:13 AM
 #10

We are now in the middle of the crypto Era. Before 2017 it was beginning of crypto Era and the crypto revolution attract the attention of investors,traders and many other from all over the world. Hence Blockchain is open for all and everyone can start their projects here so many devolpers worked on it. In this way the limited crypto idea become more wider and NFTS,Metaverse start the new ERA. Gaming is now also changed to crypto friendly and in these 3 years so many gaming project launched which offer high quality gaming. Crypto offer world wide trading without limitations. crypto is for both present and future but I think its full potential has not yet realized. Full realization depends upon the adoption, technological advancement. It will tooks some times for widespread of crypto and Maybe we have to wait longer but still crypto have got some advance realization.

Correct, it's gonna take more time as we are just looking at the numbers in tes of crypto users but there are still majority of people who haven't used it ever and what will define success of crypto is not the value of maret capitalisation but rather the adoption ratio, let's say it's worth huge but majority of them are accumulated by big corporates then it doesn't make any sense as it won't be of any good to us if major uses are industry player but rather it should be ordinary people like you and me and we can call it as era of Crypto when it's widely used by average people.









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February 25, 2024, 08:10:17 AM
 #11



And you, what do you think, please share your views:
  • Do you think we have reached the crypto era?
  • You think crypto is the future, or crypto is the present?
  • If crypto is the future, when will that future come?

1. My opinion is that we are getting closer to the crypto era. Although cryptocurrencies are gaining recognition worldwide, I believe we haven’t fully arrived yet. Bitcoin and other altcoins are not universally accepted as true digital currencies. I would consider it the crypto era when, for instance, I can walk into any store in any country and pay for my purchases using cryptocurrency, and they readily accept it.

2. Yes, I do believe that crypto is the currency of the future, but we’re not quite there yet.

3. No one knows exactly when it will happen, but I hope we’ll witness it. In the meantime, we can pass down this knowledge to our children and family members.

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February 25, 2024, 08:28:59 AM
 #12

The problem revolves around the story of how it is applied in common life. I like the way OP talks about the internet and must admit the fact that the process of a new product being applied requires adaptation.

Looking at the internet, we have truly amazing changes, but we also know that it is important but not everyone needs it and can use it. And with crypto being a product created from the internet, there are similar steps, I'm not sure the current and future views will be the same, and don't want to deny OP's entire point, but I'm not sure about the future. The future is that everything will follow the scenario of crypto being widely used, but that problem is entirely possible as there is more and more widespread adoption.









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pinggoki
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February 25, 2024, 08:39:06 AM
 #13

It still is and it and it just so happens that we're living in the process of crypto becoming a big thing and future doesn't really arrive, it's like tomorrow, we will always look forward to it. Also, it's a bit bad if you think about it that this is it, I don't want to believe that this is the peak and that's why I believe that it's still the future. And crypto is still young in terms of legacy to the mankind, bitcoin being the first one is only 15 years old and so far, the impact that it's made is not yet that big in terms of global scale. Maybe if we set some sort of goal for ourselves and consider that as the future, then maybe we can legitimately call that it's the present and not the future anymore.
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February 25, 2024, 09:14:56 AM
 #14

It's no doubt crypto is already a huge thing and is being widely used as utility, investment, trading, merchant payment, NFT and many more. So, yes it's a thing of the present. But the reason why most people claim crypto to be the future is the potential market and use cases it has. Crypto and crypto adoption is still in very early phase, I don't have an exact percentage but larger group of population are away of crypto reach and there are many financial and non-financial sectors that could adopt crypto to drastically ease how they works. To be dramatic, crypto be the precursor for the new world order.

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February 25, 2024, 09:17:01 AM
 #15

  • Do you think we have reached the crypto era?

what do you mean by the crypto era when lots of people use crypto in their daily transactions? if that's what you mean then we are still far from that era because it is hindered by government regulations. currently we can only enjoy crypto trading and it seems that the government only allows crypto to be traded, not used as a means of payment for everyday use.

Quote
  • You think crypto is the future, or crypto is the present?

i think that crypto is the present, because if it is the future that means cryptocurrency is just an idea without any real implementation that people can use for their transactions or trading.

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February 25, 2024, 09:19:23 AM
 #16

We are now in the middle of the crypto Era. Before 2017 it was beginning of crypto Era and the crypto revolution attract the attention of investors,traders and many other from all over the world.
(....)
Then it means we are still early in the cryptocurrency market.
Having enough knowledge and well-informed in cryptocurrency right now will help the community to grow by sharing our knowledge to others and create the future using our present knowledges.
The future of cryptocurrency is in the hands of the present adoptors whatever we do with it today will have a lot of influence about it tomorrow. Which is why we as present day adoptors need to critically be equiped with the knowledge about cryptocurrency so we can make informed decisions regarding these digital assets so that people in the society can feel and observe the impact of the digital currency to our financial life which will therefore attract new more flux of adoptors in the future.

The internet today was already there before the 2000s but not many had interest or use for it, with a few users but as new service to it emerges it usecase also increased and today the internet is something we can't do without, same I hope will be for cryptocurrency as more services like nft's, bitcoin spot etf, gaming projects and now ethereum spot etf is pushing for approval, all of these are a pathway tonzhe future of cryptocurrency.
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February 25, 2024, 10:18:24 AM
 #17

We're in the crypto era and this means that everything is now digitalized and even money. It's at the right time because of the evolution of things together with its innovation, it is on its era and it's the present and the future. We all believe that Bitcoin is the future and that's one debate in the past. We've been told that it's the future of money, yes future money in the sense that it is the actual money that we're going to use as-is as an investment too. It has got a lot of use but most likely it is the future investment, asset and a store of value.
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February 25, 2024, 10:25:33 AM
 #18

You can say this after the mass adoption. I think we are still in the early stages of the crypto era and there is still time to be a pioneer in the journey. Crypto is the future of our financial system even if the government don't want to embrace it as a currency. It helps us tokenize our assets, which will open a wide range of investment opportunities for the masses. It is not for the wealthiest any more because we can invest in multimillion-dollar projects with every dollar we have.









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February 25, 2024, 09:12:58 PM
 #19

Compared to a few years back I'd say that Bitcoin has made a significant progress in it's adoption as an investment asset, this is a milestone compared to how people were so skeptical of it when it was first created. Having said this i still think that it has not reached its full potential to be called a crypto or Bitcoin era, because the adoption still have a long way to go, many countries have not adopted it as a legal tender and most people that holds Bitcoin today are mainly for investment purposes, not for transaction payments which will can drive it's adoption faster. I'm however positive that in a couple of decades from now, that Bitcoin can be a household name, nations and people will hodle it for investment and payment purposes.

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February 25, 2024, 09:42:52 PM
 #20

We’re still in the adoption era, and it’s not crypto era yet since many are still not familiar with it.
Crypto is the present and the future, I believe soon every country will accept crypto as a legal currency, and that is the start of Crypto era. We have to be more patience now and focus more on getting more good crypto, soon this market will be used by everyone, it’s hard to tell when but for sure it will happen.

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