Everything needs a process, what we are seeing right now is indeed the basis of cryptocurrencies full of speculation like assets that are only taken for material benefits without any other benefits, but from time to time cryptocurrencies are starting to be known to the public until they are also known by governments in various countries. Bitcoin and other coins are accepted under the regulations of their country.
Although most countries still don't fully accept it, like they only allow cryptocurrency as a commodity asset, but it is enough to be used as a real proof of investment, if you want to see cryptocurrency it seems you have to see how blockchain technology is used in many companies in the financial sector.
Topic: Real life utility question (Read 524 times)
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
I think that real life is not far from cryptocurrencies, the use of BTC is not far because it is already being adopted, I don't know if you have read some news, but there are many countries that are putting out their regulation projects to accept cryptocurrencies, and this it is just an excuse to start trading and investing with cryptocurrencies and with BTC.You don't have to watch the news to realize that things are going the other way, when you see telegram channels and social networks, everything related to BTC and cryptocurrencies sounds a lot. Everything goes in that direction.
Crypto in my country cannot yet be used as a medium of exchange. In the real world crypto users still use it secretly. A lot of people don't know yet. Even many look one eye towards those who play crypto.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
Depending on how you use it, many people don't have knowledge when it comes to joining crypto, so they take the wrong steps in making decisions, indeed crypto has a speculative level and is real based on hype, but what needs to be known is how you make this crypto into something useful for you use it, because crypto is actually a tool to start investing we see from the development of the crypto world, it is growing very fast and well.
every day there are always new projects that have interesting concepts and offer convenience that solves existing problems.
Crypto is currently a great digital asset. not as you say speculative assets.
or growing because of the hype.
I think your insight about crypto should learn more.
out there are already using crypto in real life, be it as a means of transaction or otherwise.
crypto is very helpful in the real world depending on how we use it.
As long as we are open to learning more about the crypto world, there are new innovations going around every single day and we would be doing a lot better in the long run. Doesn't mean that we shouldn't be doing anything right now, of course we could both keep on learning and also invest at the same time.every day there are always new projects that have interesting concepts and offer convenience that solves existing problems.
Crypto is currently a great digital asset. not as you say speculative assets.
or growing because of the hype.
I think your insight about crypto should learn more.
out there are already using crypto in real life, be it as a means of transaction or otherwise.
crypto is very helpful in the real world depending on how we use it.
However, we should be careful about what we invest and if we learn a reason why we should divest then we shouldn't stay there for too long and get out. I personally invested into SOL back in the day, about half a year ago, and divested about a few months ago when I saw how centralized it became and that scared me the most.
Blockchain technology is a technology that is newly recognized by the public, it takes time for people to get used to the use of cryptocurrencies, an example of using cryptocurrencies in the real world is when Venezuela officially recognizes the use of bitcoin in their country, this may trigger other countries to implement the same thing. The same applies to other blockchain technologies.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
Most people have been using these technologies for a long time. For example, it is more convenient for me to keep my assets in cryptocurrency, but it is fraught with risks, but I trust the traditional currency even less. This is not beneficial for many structures, so the spread to the masses is slow.
BTC and a few alts are good stores of value, if that doesn't confuse you that this is a real-life utility I don't know what will, crypto have changed so many life too and also this is another real life utility, crypto won't make it this far is it produce nothing
we see from the development of the crypto world, it is growing very fast and well.
every day there are always new projects that have interesting concepts and offer convenience that solves existing problems.
Crypto is currently a great digital asset. not as you say speculative assets.
or growing because of the hype.
I think your insight about crypto should learn more.
out there are already using crypto in real life, be it as a means of transaction or otherwise.
crypto is very helpful in the real world depending on how we use it.
every day there are always new projects that have interesting concepts and offer convenience that solves existing problems.
Crypto is currently a great digital asset. not as you say speculative assets.
or growing because of the hype.
I think your insight about crypto should learn more.
out there are already using crypto in real life, be it as a means of transaction or otherwise.
crypto is very helpful in the real world depending on how we use it.
Currently, regulations regarding crypto in each country are almost different. You will find real functionality in crypto in countries that legalize crypto as an alternative payment, and you will not find it in countries that do not legalize crypto as a payment alternative. in my own country, crypto is still very rarely used in real life, it is nothing more than an investment tool. So, when you go to some countries, you can only see crypto as an investment tool, and not see its real function. well, it all depends on the regulations of a country. So, when you see that in a country the use of crypto is not optimal as an alternative payment, it is most likely due to regulation.
Regulation is one part of the deal, the interest in that nation is the second part. There won't be a decent regulation in any nation as long as there are not enough attention towards it. There are some nations that show extra love towards crypto like Philippines or El Salvador which are small, but the USA shows big interest to it as well whereas the UK doesn't show the same interest. Doesn't mean they do not care about it, it is just that the hype is not as high as some other nations.This makes the regulations take longer because it is not an urgent thing. Politicians who see that they could earn some votes if they support crypto regulations will make a law quicker, if there are not enough interest then there are not enough votes to get and that is why it is quite impossible to get politicians to act quicker.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
of course the answer is regulation. Currently, regulations regarding crypto in each country are almost different. You will find real functionality in crypto in countries that legalize crypto as an alternative payment, and you will not find it in countries that do not legalize crypto as a payment alternative. in my own country, crypto is still very rarely used in real life, it is nothing more than an investment tool. So, when you go to some countries, you can only see crypto as an investment tool, and not see its real function. well, it all depends on the regulations of a country. So, when you see that in a country the use of crypto is not optimal as an alternative payment, it is most likely due to regulation. 
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
I think it's very difficult for crypto to merge with the real life. because not everyone can accept the presence of crypto because crypto is decentralized which makes some people worried. and to make crypto into real life, special regulations about cryptocurency are needed so that people don't feel worried and feel safe with crypto.Hopefully we won't be doing anything big, but that doesn't mean that we shouldn't focus on anything hyped right now, just learn that it is getting bigger and better, and eventually we will be doing much bigger as well and will earn a lot more.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
Mostly speculative still.
I think that there has been real utility but most of it has been limited to very niche fields (e.g. DeFi or yield farming protocols).
And I guess that's why it's still so lucrative to be involved in crypto - there are a lack of people willing to speculate/take a chance in this before it goes mainstream. Speculation also precedes real adoption.
Apart from speculation and projections,crytocurrency is growing towards the point where individuals and companies can use it to exchange for goods and services. Some countries and companies are already using it. Some policies just need to be in place to favour its usage and also individuals transiting into the era of digital currency. Though it might take a while since small scales business and most individuals are not familiar with it environment. Some of the exchange can exist only in the ecosystem of the block chain and the services they rander. Mind you not all coin offer real life utility.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
I think it's very difficult for crypto to merge with the real life. because not everyone can accept the presence of crypto because crypto is decentralized which makes some people worried. and to make crypto into real life, special regulations about cryptocurency are needed so that people don't feel worried and feel safe with crypto.
There is demand to use cryptocurrency as payment option. Many people already have it and also entrepreneurs and companies have it and day by day crypto is more common and mainstream thing.
Example French Connection Finance (FCF) has developed crypto payment gateway and it is used by ecommerce and brick and mortar stores (you can use most common cryptos as a payment). It is actually very easy to use for both merchants and customers. I have tried as customer. Fees are also very competitive (0.5-1.5 %) versus credit cards or PayPal. Credit cards have pressure to raise their fees [Suspicious link removed]j.com/articles/visa-mastercard-prepare-to-raise-credit-card-fees-11646743166) so crypto is an easy solution to cheaper fees at the moment.
So already in some stores you have and option to pay with cryptocurrency. And in future it will just spread when we talk about it and customers demand crypto as a payment option from companies.
Example French Connection Finance (FCF) has developed crypto payment gateway and it is used by ecommerce and brick and mortar stores (you can use most common cryptos as a payment). It is actually very easy to use for both merchants and customers. I have tried as customer. Fees are also very competitive (0.5-1.5 %) versus credit cards or PayPal. Credit cards have pressure to raise their fees [Suspicious link removed]j.com/articles/visa-mastercard-prepare-to-raise-credit-card-fees-11646743166) so crypto is an easy solution to cheaper fees at the moment.
So already in some stores you have and option to pay with cryptocurrency. And in future it will just spread when we talk about it and customers demand crypto as a payment option from companies.
Crypto is a digital currency. Every altcoin created has its purpose behind its innovation. Getting to find its real-life utility will take time to accomplish because crypto is yet declared legal globally.
A few years back, who could ever guess that bitcoin will be the most talked-about digital asset to use to safeguard your assets. Look at where it is now, countries like Russia wants to use it as a mode of payment to transact oil and gas.
Gradually with time, everything will be digitalized. When that happened, we would get to find out that, there's more to crypto other than investing and making profits. By then we will be using the real utility of crypto and be happy we did
A few years back, who could ever guess that bitcoin will be the most talked-about digital asset to use to safeguard your assets. Look at where it is now, countries like Russia wants to use it as a mode of payment to transact oil and gas.
Gradually with time, everything will be digitalized. When that happened, we would get to find out that, there's more to crypto other than investing and making profits. By then we will be using the real utility of crypto and be happy we did
If we consider blockchain as a whole and not a few coins or projects related to it then we would realise that blockchain is actually changing the dynamics of the world and how we see it. It is the purpose of the project that actually defines how well it is doing or will do. There are a lot of new projects in the market and the competition is getting intense every day, therefore it is important to understand the mindset behind that, the purpose it aims to solve or impact it wishes to create.
Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.
With each passing day, week and month, cryptocurrencies are getting closer to the mainstream. A few years ago, almost no one heard about cryptocurrencies. At the moment, there are several problems that are slowing down the adoption of cryptocurrencies. It is mainly about legalizing cryptocurrencies as a fully legal money. The second major problem is that people know mainly Bitcoin, which is not (yet) ready for micropayments. As people's education increases, it is possible that other cryptocurrencies that are better suited to micropayments will start to be used and then everything will go much faster.
As far as I see it, the crypto real-life utility has been improving in the last few years. It may not have that huge impact yet but we can see several financial institutions adopting, or making use of it as a model in their future plans. Crypto is moving towards there but sadly it has been small steps. I think the problem of wide world adoption is still the reason for it since the majority of the country is very tentative about accepting/adopting it since they have no full control over it.
Yes it is slowly but surely going there to where is should be. It may take sometime but as I can see on the progress of cryptocurrency and if I will going to compare it to it's past improvement or development I can say that half of real-life utility is being adopted now by many. Well, maybe we are looking for a huge development like widely adoption of bitcoin but I know and I am very optimistic that bitcoin or crypto will be there not now but someday.
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