https://btcmiami.com/tickets/ When The North American Bitcoin Conference stops accepting cryptocurrency in exchange for its tickets "due to network congestion," it becomes plainly evident cryptographically-secure NBIF currencies are not even close to being ready to . . .
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replace BIF currencies as units of account and exchange (NBIF = Non-Bank-Issued Fiat; BIF = Bank-Issued Fiat). In terms of their utility for simple everyday transactions , I think it will take from 20 to 100 years for NBIF cryptocurrencies to function on par with . . .
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BIF currencies at national and international scales (and up to 500 years for NBIF cryptocurrencies to completely replace BIF currencies). The reasons are both technical and political, with the political reason being the most problematic. The . . .
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persons comprising the investment, shadow, commercial, and central banking quadfecta are not going to go gently into the good night while software engineers and politically powerless members of the public slowly snatch away . . .
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the immensely profitable seigniorage and rent-extracting privileges they currently possess as denizens and owners of the banking system. There will be hot and cold war over ownership of those privileges, and there will also be blood. Our modern . . .
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financial system came into existence in 1668 with the establishment of Sveriges Riksbank and the commercial banks that sprung up around it; financial modernity will not transform into financial post-modernity in either a day or a decade.
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I think it will happen a lot faster The millenial generation will all be using crypto Consumers are what matters the most Everything will be tech enabled Crypto UX will be simplified for everyone to use Banks will have their Kodak moment soon
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