We are living in exciting times! Exponential growth is happening all around us most notably in technology. In the next 10 years more will change than in the whole of the 20th century, scary but exciting! Crypto Currencies is currently experiencing the very start of an exponential adoption curve! We are very very early, below is a adoption graph demonstrating adoption for technologies.
Just too early?
I believe we are still in the innovator phase! The reason is that less than 2% of potential users actually own any crypto, and the technology is still only being experimented with and improving everyday! We are yet even to reach early adoption phase, one can argue the people who own crypto today that aren't innovating is just highly speculating on it. Nevertheless it is just a matter of time that an major improvement would act as a catalyst that could drive mainstream adoption, this will be mind blowingly fast when it happens. We might be "stagnant" in the innovator phase for another few years but already adoption is growing at tremendous pace.
Mainstream adoption will be nothing like we've ever seen
This technology is so conducive for rapid expansion and widespread use its growth will outpace any previous innovation, even far outpacing the internet itself. It is an innovation or application on top of the internet with extremely low barriers for entry with an accompanied extreme network effect. Anyone with some sort of internet connection on any device in the world can take part. The adoption will happen in months not years, some time in the near future.
Its really like nothing weve experienced.
Very early investors will be wealthy beyond measure. We are early,whatever brought you here, you are very fortunate!
Here's a fun analogy : Imagine its 1991, the fast majority of people didn't know what the internet is and most certainly couldn't send emails or receive it, the most simple and first application of the internet, now imagine value were attached to the network and for every new mail sent the value of an email created will increase...compare this to bitcoin and payment transactions. In the next 9 years e mail exploded and all internet users sent e mails! I believe bitcoin is now where e mail were in 1991, some news coverage but very limited use and quite controversial...what happened next is history.
Bitcoin will do to the financial world what e mail did to the post office... and remember e mail is the most basic and simplest application of the internet just as payments will only be the very tip of the iceberg and basic use of crypto currencies!
Hey @piet94, great info on Bitcoin! Thanks for sharing. The markets are fun right now and it's great to have the updates from good content here on Steemit. Cheers!
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