02-04-2022, 05:07 PM
(01-31-2022, 06:43 PM)inedibleflowe Wrote: I see many Layer 2 protocols being built on the Ethereum network already (Loopring, Polygon). Those will likely be used in NFT platforms, which are taking off in the same way as physical trading cards and mystery boxes have in the past.
Other crypto is being used for microtransactions in video games already (and the networks are going through growing pains).
El Salvador continues to add Bitcoin to its coffers on a regular basis.
Visa (the payment portal) is investing into multiple crypto types in a big way.
I definitely do not see crypto as a passing fad anymore (I believed this about Bitcoin 10 years ago)!
I totally agree crypto is more than a fad and I think has a real chance of helping micropayments. The future depends on whether governments heavily regulate the markets. My expectation would be that using crypto will become more common as the technology becomes easier to use. But right now if you want to buy bitcoin with a credit card you have to jump through a lot of hoops. That type of thing has got to become easier.
To work as a currency there needs to be more stability... right now there are too many stories of someone buying the cyrpto they need and by the time they do the transaction it's no longer enough. That's put a lot of people off. I suspect bitcoin will continue to be volatile so we might see the emergence of crypto currencies that are more stable.
Along the way I see a lot more potential fraud, especially with NFTs.