Gooday fellow Steemians
I wonder when it will happen? When will a tipping point be reached so a mass of people use Crypto, not just as a store of value, but also as a means of exchange, for buying real stuff!
Recently i became aware of two initiatives which are attempting to make #cryptomassadoption happen. These are Ecoin and Initiative Q. Both of these are currently giving away free coins. It is their unique way of mining, needing just an email address to sign up, and with a refer a friend program (limited to three levels so it's not a pyramid scheme) and be rewarded with additional free ecoins.
Today perhaps marks a day when this is moving toward a real possibility as Ecoin was listed on Probit Exchange, and when i last looked was trading at around $0.015 per ecoin. On launch, and still today, Ecoin valued the coin at $0.02.
Today also marks the day i had my first hot shower at Atmanna in Bulgaria :-). I'm very happy about that as i've been living in the house while it has been renovated for about five months. I'm waiting for a glass shower screen to arrive, and to clean up, then all will be perfect :-)
i have a couple of volunteers here at the moment helping out. Yesterday and today they have been making a brilliant job of painting the main room brilliant white.
I am in the preliminary stages of planning a #SteemCamp at Atmanna, probably in September. Comment below if you are interested, but i will post about it soon.
The coming Death of Fiat currencies?
I joined Ecoin about 2 weeks ago and was given 1000 ecoins + a 250 bonus for signing up within 1 hour of opening the link. I have since referred to friends, some of whom have signed up and also referred to their friends. My balance is now 29,025 ecoins valued (based on $0.02 each) at $581 USD.
Now, i could sell these on the Probix exchange, but i'm not going to do that. I am mildly confident that ecoin will continue to recruit and that mass adoption will be reached. This could mean the death of fiat currencies, so i would rather be holding ecoin and other Crypto's, which i think will rise accordingly! I'm also HODLing my STEEM, BTC and a few others.
Will One Billion be a Tipping Point?
How many people are needed to reach a tipping point of mass adoption? I don't know.
Ecoin's target is 1 billion sign ups. They achieved on million in 18 days, and it is predicted that one billion will be reached by the end of this year. I am hopeful.
Personally i think it will depend upon the integrity of the Ecoin founders. If they "pump and dump", cashing in their presumably very large holdings (as they would obviously have been the first referrers), then i expect Ecoin will die a death like many crypto's before.
If however the Ecoin founders are wise, they could become far richer if they do not do this, richer maybe not in monetary value (although that could be the case too), but richer in spirit. What they can potentially achieve is positive world change.
I have faith that Krishna Yogi, CEO and Founder of Ecoin, will live up to his name and the world will become a better place as a result!
Decentralised Governance of Ecoin and Initiative Q (and Steem).
Now this is what i think will make the difference as to whether one or both of these two initiative are successful. We have seen here on Steem with the @justinsunsteemit hostle takeover, that #DPOS has it's drawbacks. It doesn't mean it cannot be fixed.
Bottom Up Real Time Democrity
As some of my followers will have seen, i have been repeatedly writing about The Matrix-8 Platform which is just that. A Decentralised Governance System, a bottom up Real Time Democracy.
John Huckel @matrix-8, the designer of this system, wrote an open letter to the founders of Ecoin. I shared this in my Crypto Mass Adoption: how will Ecoin affect STEEM and other Crypto's? post 10 days ago. I also contacted Ecoin via their Telegram channel to tell them about it, and was promptly contacted by Krishna Yogi, Founder and CEO of ecoin. I shared the link to John's open letter with him. I have not heard back from him yet. Mork calling Orson. Ground control to Major Krishna. :-)
I hope and pray that Krishna is investigating and seriously considering adopting a Matrix-8 Platform, for the good of the founders, of all ecoin holders and for the good of the whole population of the world.
Krishna Yogi (Founder and CEO of Ecoin)
Krishna, if you are reading this, i in-courage you once more to investigate The Matrix-8 Platform deeply. I also invite you and your team to join us Steemians here in this wonderful community where i am writing, on the Steem Blockchain.
Initiative Q
Initiative Q bears many similarities to Ecoin, yet there are differences.
Initiave Q are also giving away Free Q (Coins) to help the masses join.
I haven't fully studied it yet, but it looks like there are only two levels of referral, and initially at least, you are only able to refer (or sign up) five people, whereas with Ecoin it is unlimited. #InitiativeQ is founded by "ex PayPal guys" and they seem to be on the ball.
So, i ask you ex PayPal guys and founders of Initiative Q, to please also read John Huckel's open letter where you will discover why adopting a Matrix-8 Platform will make Initiative Q a roaring success.
To all other people reading this, i implore you to look closely at Matrix-8, Ecoin and Initiative Q to help revolutionise our world and make all of our lives more abundant and peaceful.
If you would like to help move Matrix-8 forward, (and help vastly improve Steem Governanace) please resteem, and share this page with Steem Witnesses, Steem Whales, on Facebook, Twitter, LinkedIn and with anyone else you know.
With Love
Atma
Who am i?
ps. The links to Ecoin and Initiative Q above are my referral links. I pledge to use any referral income to help make the world a better place.
pps. Rewards for this post are set as follows:
Steampeak 5%
New Age DApps Community 95%
(to help fund the Master Matrix-8 Platform - to be owned by none, yet owned by all)
ppps. There will also be a Steem Proposal put forward soon to help build Matrix-8
Hello atma, I have two years on the platform and I still do not understand many things. I think this market of crypts has triggered a whole world of things, I will continue trying to understand, but good that there are people like you, who are concerned about getting important information
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Great questions in general @atma.love, about when the tipping point will be reached on mass adoption of crypto. Whether ecoin or whatever other visionary idea in a different crypto, they each in their own way likely attract interest. The key then is what happens to that vision. We all are living out what happened "in here" ...
Great to see your place coming along, since we last corresponded. Showers are a simple yet wonderful feature of a home. I almost never take a bath, although that is an option. Instead, I take showers. It is not uncommon for me to sit under mine for just a little bit, thinking that I am under a waterfall, one of my favorite places to be "out there" ...
Have a great day (afternoon there ...) "over there" in Bulgaria!
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Its been a while @atma.love but thanks for this nice share and the picture of mr. Yogi is a nice one hahaha
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I fully support the idea of cryptocurrencies, and I certainly see their place in the world, but I'm as yet unconvinced that they'll be able to replace fiat currencies anytime soon. The biggest strength that fiat currencies have is that they are backed by central banks and governments; and governments, of course, can tax their own currency. As it stands right now, they do not have the ability to easily tax cryptocurrencies.
The other biggest obstacle is one of stability. For the most part. most currencies are relatively stable and not prone to wide valuation swings (this isn't a hard and fast rule, but for the most part it's true). Cryptocurrencies - as of yet - are not yet really stable. I think it will ultimately happen, but will take a lot of the currencies being weeded out.
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Thanks for commenting Victor.
Personally I think the fact that fiat currencies are backed by governments and banks is not a good point. Basically they steal our fiat money by vastly inflating it (reducing the value) by printing (or pushing a button on a computer) whenever they wish, and by paying themselves fat cat salaries, even when the banks fail, although when they fail (due to stealing too much of our money) the governments just print (or press a button on a computer) more money to bail out the bank (so the fat cat bankers can continue to receiving multi-million dollar salaries and bonuses). All paid for by the common people by the decreasing value if the fiat currencies.
So yeah, they will be gone soon :-)
And as for taxes, they use them to bomb our brothers and sisters so I'm happy that cryptos are difficult to tax. A revolution is coming, and Matrix-8 Platform will enable us the common people to organise ourselves better than the powers that shouldn't be, creating and using alternate equitable systems, so the corrupt banks with their corrupt fiat currencies and the corrupt murdering governments will no longer be needed.
Rant over
Peace and Love always
Atma
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I have never heard about ecoin which looks promising. I checked the site and will try to read more about it before I sign up.
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Are these entities you write about like steem, with people creating and posting there?
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No, ecoin and Initiative Q they are not.
Matrix-8 will be, but on Steem. A DApp
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I really hope and also think that cryto's will be adapted in the long run, but it won't be quick. I would love to use my steem to buy stuff directly with a credit card for example!!
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I could happen sooner than you think :-)
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It will indeed be interesting to watch. Supporter on each side along with the nay-sayers. In the meanwhile, we will just keep steemin on! :)
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Definitively we have to massively learn about these new forms of economy, our world is rapidly changing and moving from one paradigm to another. Definitively new technologies are here to stay and its on us to use them as tools for the better!!
Thanks for the great opportunities you share about this two inititives, I'll be visiting with your referrals surely!! I'm also glad that you are enjoying that hot water!! :)
Big hug and best vibes for every project, @Atma.Love!!
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Hi @atma.love. I too hope that one day crypto will be an accepted form of payment for everyday life item. But I know that is a long way off in the future. I haven't heard of Ecoin, but will investigate. I have heard of Initiative Q.
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Thanks for commenting. I'm hoping a Matrix-8 system of governance will be adopted by ecoin and/or Initiative Q and/or another big organisation to prove its worth, then for sure we will have #cryptomassadoption.
Check out @matrix-8's most recent post to learn more and help spread the word, please.
Namaste
Atma
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That #Steemcamp seems like an interesting idea! Hope to hear more about it soon ;)
$trdo
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Proof of share #POSH on
Twitter https://twitter.com/IamAtmaLove/status/1237444995046653953
LinkedIn https://www.linkedin.com/posts/atmalove_crypto-mass-adoption-and-a-peaceful-and-abundant-activity-6643210292664823808-oAP8
FB (but they may hide it as i talk about Crypto!)
https://www.facebook.com/iamatmalove/posts/10158033349073149
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Hello!
This post has been manually curated, resteemed
and gifted with some virtually delicious cake
from the @helpiecake curation team!
Much love to you from all of us at @helpie!
Keep up the great work!
Manually curated by @rem-steem.
@helpie is a Community Witness.
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Thanks. The cake looks delicious. Is it vegan though?
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!trdo
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Congratulations @leveuf, you successfuly trended the post shared by @atma.love!
@atma.love will receive 0.00504225 TRDO & @leveuf will get 0.00336150 TRDO curation in 3 Days from Post Created Date!
"Call TRDO, Your Comment Worth Something!"
To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site
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Congratulations @atma.love!
This post has been featured in our Power House Creatives
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You can find the community announcement in our Discord server
and it has also been shared on our FB Page and Twitter feed.
JOIN OUR DISCORD COMMUNITY
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Wow, thank you.
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@atma.love, Great to know about the SteemCamp. Hope that through this SteemCamp you will encourage more people to explore Steem Blockchain and Cryptocurrency Space. Stay blessed.
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Indeed I will. I share with everyone who will listen :-)
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Good wishes from my side.
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Congratulations @atma.love, your post successfully recieved 0.00504225 TRDO from below listed TRENDO callers:
To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site
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Hey Atma 💚 I've just signed up for both Q and Ecoin - I think you may need to co-verify my Q account? I'm interested to have a look around them both. Let's hope they are able to contribute something positive!
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Yeah, i noticed. I already verified your Initiative Q account.
Congratulations. A big virtual hug to you.
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