Most likely, bitcoin will be the trade mechanism for all sorts of assets in the future. I think the banknote market is going to be one of the first target markets. You already see the banknote market being gradually been simplified and seen as a commodity – being traded in large quantities on global markets, a commodity that is used by all sorts of businesses. Bitcoin as a currency and payment system might be the product that succeeds in this market.
Topic: Real life utility question - page 2. (Read 524 times)
What is the main purpose of Cryptocurrency? A decentralized currency that can be used anywhere at any time. So why should it be real currency? The main purpose of BTC & other currencies is it doesn't depend on any single one. It depends on whole crypto holders.
Why? Because decentralisation is the very core of human economic freedom. Nobody gets to decide what happens to your money or where it goes except for you! No government gets to freeze your funds just because you are an innocent citizen of a country with a dictator who wages war! Nobody can take your money away from you! This is a concept which has never existed in history before.
The freedom to be your own bank.
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.
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.
What is the main purpose of Cryptocurrency? A decentralized currency that can be used anywhere at any time. So why should it be real currency? The main purpose of BTC & other currencies is it doesn't depend on any single one. It depends on whole crypto holders.
To be honest people who have been looking for the real utility usage was totally a non sense thing. This can be said that he didn't understand the purpose of crypto. The only problem is this guy was looking for the real life utility but we realize that crypto was focusing into the digitalized economic system based on the decentralized network. So real life utility just another bonus but this can be said that if it can also be used to bought like food or drink once it was getting liquidated for some cash. I think that utility has nothing to with what bitcoin and crypto peg. 
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.
Crypto as a genre is so new. Computers were built in the mid 1900s yet they didn't really take off until decades later. It takes a generation to be born under it to really have something take off. Kids born today will grow up knowing crypto so they will be more apt to use it. Old money is tough to swing into other classes. Give it time, crypto is here and digging in deeper into the world economy with every passing day.
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.
We are in a period that a token has a purpose to gain support and investor, it can't just exist because it's a fork of these tokens or coin investors will look for usage and purpose, investors are losing from the pump and dump coins, yet developers keep creating speculative coins the only way to stop this is to stop and ignoring these kinds of coins if no one will invest no developers will create.That's what we call investors maturity, I mean those who have been in the game already knows that newly created tokens with no utility whatsoever are just for short term investments because they are going to be used for pump and dump by the developers to enrich themselves and the only losers are the investors. But we are hardened by the experience, only new to the market will fall for this copy cat and fork coins that don't have any utility at all.
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.
Crypto is a general word and it is too broad to explain because there are hundreds of coins and projects in the cryptocurrency space and it all depends upon what all coins you have invested. There are speculative coins, then there are good projects and solid coins. When it comes to the use case majority of the online space now accepts multiple cryptocurrencies. Some states and countries legalizing BTCitcoin and these are not secrets anymore and with that in mind you are questioning the real life utility in 2022
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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.
We are in a period that a token has a purpose to gain support and investor, it can't just exist because it's a fork of these tokens or coin investors will look for usage and purpose, investors are losing from the pump and dump coins, yet developers keep creating speculative coins the only way to stop this is to stop and ignoring these kinds of coins if no one will invest no developers will create. Cryptocurrency have it's own ways of regulations and it determine by itself, world cant determine regulations to cryptocurrency especially bitcoin, while it can't be regulated is because of it's decentralized net worth, the things that can be regulated is the centralized fiat but in the aspect of bitcoin i dont think it will ever be regulated until it's life existence, because from it's establishment it never be review via how it comes into existence to anyone, people embrace cryptocurrency especially bitcoin according to you base on it doesn't been controlled by government.
It can basically be regulated in the sense that what you do with it can be regulated, and nothing more. People are mistaking what decentralization means for the past month because of this war. Decentralization doesn't mean just "without ownership", it just means without breaking the chain itself and changing the rules.Like let's assume satoshi came back, and he is somehow evil, and tries to destroy bitcoin, even he can't do that, but he can definitely talk badly about it and drop the price and suddenly people will imagine it is not decentralized because satoshi dropped the price. That is not decentralization, I always give the same example, if there are 21 million max bitcoins that will ever exist, if nobody can turn that into 210 million, that is decentralized.
to be able to use crypto currency, each user must use the same crypto currency as a tool to buy. indeed crypto currency can not be fully used in everyday life. but blockchain technology in cryptocurrencies is already in common use
That's assumptions, because when bitcoin was created or established newly their was enough scandal's which nearly destroy Bitcoin reputation not to dominate the world, but after some intervals of time Bitcoin started escalating to higher frequency, Bitcoin existence is not up to twenty (20) years now, but it influence want to take over Fiat currency influence, saying Bitcoin can't be use for everyday life, i may say is under probability or probation, because bitcoin is turning to something else, which in subsequent time it can be use for everyday activities base on it value and influence over the world. 
The sector that uses crypto as a use case is still lacking, because only sectors that work together with certain developers are involved in using the crypto function, but for real life crypto based on NFT and Defi it has been enabled using a structured blockchain system, it just takes time to maximize crypto function
What is the main purpose of Cryptocurrency? A decentralized currency that can be used anywhere at any time. So why should it be real currency? The main purpose of BTC & other currencies is it doesn't depend on any single one. It depends on whole crypto holders.
to be able to use crypto currency, each user must use the same crypto currency as a tool to buy. indeed crypto currency can not be fully used in everyday life. but blockchain technology in cryptocurrencies is already in common use
Crypto needs real-world regulations to get to that stage in our world but still I doubt it will happen, BTC for example is a decentralized crypto project that is why I feel like crypto purpose was to stay hidden and private in the first place and since centralized power rule the world people aren't ready to embrace crypto fully in the open but only in private.
Cryptocurrency have it's own ways of regulations and it determine by itself, world cant determine regulations to cryptocurrency especially bitcoin, while it can't be regulated is because of it's decentralized net worth, the things that can be regulated is the centralized fiat but in the aspect of bitcoin i dont think it will ever be regulated until it's life existence, because from it's establishment it never be review via how it comes into existence to anyone, people embrace cryptocurrency especially bitcoin according to you base on it doesn't been controlled by government. 
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 believe that the difficulty of cryptocurrency itself being used in everyday life is its fluctuating price.
Indeed to prove that cryptocurrencies can be used in real life is almost impossible even when having
a real project like VR/AR but I believe their tokens are useless in real life.
Even in payment projects that usually rely on their tokens for transactions on their payment platforms,
they cannot be used to buy real goods due to their volatile prices.
Here, I conclude that cryptocurrencies can be published as assets that
are invested for short or long term only, not for use in everyday life, such as buying rice or bread.
The dissemination of knowledge is still just beginning, so we can't hope too much for good results. We need time for everyone to adapt to the market. But early adopters have seen and understood the potential it has for human life, or seen it as a solution and put aside the speculative hoardings of wealth, we will soon see a great era with 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.
What's not real here? We make money and do you think its not a real thing?Well, if you're talking about mass adoption we are still far from that situation but right now, many are into cryptocurrency and they are actually making a lot of money. This is not just a hype, because the price drops as well and I think this is a pure good technology where people wants a decentralized system away from the government control.
Government who are against to cryptocurrency are the ones who are delaying the adoption, but technically they can't prevent this to happen in the future, adoption of cryptocurrency is inevitable.
So, the approach you have is a correct one and a good one, but that doesn't mean that it is what OP meant. They meant something like using it for a good purpose that would help your life.
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.
Take for example this war period between Russia and Ukraine, where other financial transaction process failed, crypto-currency has helped thousands of people this period. Do you still think it's a speculative asset? Crypto-currency right now has nothing to prove anymore to any body.Now where people are having issues in now when they are trying to make quick money from crypto-currency, the either invest in the wrong project or the get scammed.
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.
Take for example this war period between Russia and Ukraine, where other financial transaction process failed, crypto-currency has helped thousands of people this period. Do you still think it's a speculative asset? Crypto-currency right now has nothing to prove anymore to any body.Now where people are having issues in now when they are trying to make quick money from crypto-currency, the either invest in the wrong project or the get scammed.
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.
Lots of project owners together with their claims do end up on void or doesnt really happen at all or simply stayed up only as a promise but it was never been made it happen or realized thats why it is really hard to trust up on making out some investment which i couldnt really blame out investors to have those kind of doubts and fear on doing so.Only a few could really be seen to have that real use case or application
which is beneficial to humankind and the rest are just pure bullshit kind of claims and roadmaps which it didnt really happen in the end.
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