Everyone likes to buy something to no avail, and the airdrop definitely fits the bill, but if my Bittrex holding value is something to pass, I'm sure XYM's XEM airdrop should get the cake as the best ever.
I'm now worth $ 156 million !!!
Well, this is just a technical glitch and it will be fixed before the market opens and I will sell and become one of the richest in the country. It's a shame since my sense of authority as 0.1 percent has already begun to relax in my newly purchased personality.
I don't even know what to do with $ 150 million - sure, I can do whatever I want, but I don't even know where to start with that kind of money.
Today we were talking about new cars with a friend because a coupe colleague recently bought theirs. I am not in the market and neither does "car fever", but although he drives very little cars, he has been thinking about it for a while. However, what I mean is that I don't want a new car for me if it won't bring some kind of value for which my own car is not advertised because I don't care much about cars, the value should be more than the feeling of driving a new car. that means it has to change my experience in some other way.
When it comes to a car for me, it's going to be all-electric, because firstly, it changes my driving style and forces me to think about other things like the way I use electricity. This will likely affect other aspects of my life, for example what kind of solar energy I will add when we eventually need to remake the roof.
But there is more to it than that, as EVs have gone a long way in the evolution when it comes to battery technology and other aspects that make them more practical and sustainable. A normal internal combustion engine will always be exactly that, like a battery, the source of electricity that charges it, can be replaced in the future.
Demand is necessary before there is enough mass for many innovators to enter an industry, but this is a catch-up situation, because without innovation, demand remains low. Many people wait until a "working version" is available for their needs, but the time it takes to get that version depends on people purchasing less than the ideal version. And because it is less than ideal, it is often ridiculed by buyers for their decision to support such a poor quality product or concept.
Because he's "in", I likened it to the adoption of cryptocurrency in the early days, with no use of Bitcoin, and even now it's still heavily criticized for not solving the problems it has set to solve if a decade or so is enough to build a global economy from scratch. Electric vehicles have not yet addressed the air pollution, but one thing is for sure, driving increasingly combustion engines like we do will not help with the problems either.
The thing is, it is silly to think that people will magically change their habits even if it harms themselves or the environment (which is effectively harmful to themselves and all of us), so alternative solutions have to be found. However, for these solutions to be adopted, they must be practical and easy enough to ensure that the use barriers are low enough for the average "bad habit" to be willingly involved. For something like electric cars, the range and charging times and of course the price should go down. But prices are dropping drastically, and the range and charging times and improvement in electricity generation are technical issues.
There are a lot of the same problems for crypto where practicality is hampered by a lack of innovation and wasted energy, but it is necessary to encourage doing so to involve the right people to solve these problems. Now that we are starting to see some of the bigger players in the crypto scene, and once they do, it will attract more demand. People know ridiculously priced NFTs are ridiculous, people know Elon Musk is pumping Doge for giggles, but the attention it brings brings demand to the industry, and it's attractive for developers of all kinds to get involved.
Since crypto and blockchain technology can be integrated as part of an economy or to support an economy, this means that businesses of all types can somehow benefit from using it if there is sufficient demand. Again, catch-22 comes into play here, but as more businesses add use cases and start generating economic value on blockchains, more who will come to draw attention, and that means industry innovation. Due to a wide range of applications to various types of businesses (especially for supply chain management and value transfer), as well as all kinds of gaming and social interaction capability, where trillions of dollars are traded each year, there are many areas where the business world can compete, not just to compete.
Much of this will replace existing processes, such as replacing an EV with a combustion car, but in the process of building the replacement there will also be further developments in alternative areas such as solar panels and energy storage. When it comes to crypto, many people look in the "currency" aspect and say it doesn't work because not every one is widely accepted regardless of other aspects like DeFi, it's a highly innovative economic tool. and atomic swaps mean that it doesn't matter if one coin is not accepted, it is easy and cheap to switch to another.
Not only that, payment cards like my Wirex that can hold a number of tokens and instantly choose which one to use at the point of sale (POS), it doesn't matter whether the store they're using is buying crypto or not, because it's converted to local currency. If this local currency is another crypto, no harm, no foul there either.
Bitcoin doesn't have to be a global currency because crypto is already becoming a whole, where value can be generated or created in a wide variety of ways, such as blogging or gaming, and through various interoperability gateways across chains, value is fast, cheap, secure, and precise. can be transferred in some way and can never be stopped at the border.
Just like EVs, there is a long way to go in development, but similarly, this development is happening and interestingly feeding each other. Just imagine that while people complain about how much energy Bitcoin consumes for mining, more than 40% of it comes from renewable sources, and mining continues to thrive, putting demand for cheaper energy sources for lower bitcoin "production". costs. None of the factories around the world are close to green, and at some point they will use learning from blockchain economies to develop their own businesses in many ways as well.
Crypto is a growing economy, and as the demand increases, so does the urge to innovate and compete, and as this happens, there are more reasons for more businesses to take part, increasing the overall economic mass held and generated on blockchains, to be transferred. It is tracked by blockchains and ultimately by blockchains. This will mean that as well as increasing the pace and breadth of innovation, the understanding of the public will also increase and there will be more demand for the application of capabilities to other industries such as banking and government, where people will benefit from some more accountability and transparency.
At some point, all of the things we are talking about today will be replaced by outdated and imaginative systems, technology, and the variety of uses. People will interact seamlessly with blockchains, earn crypto no matter what happens, live their lives in a way they look back and ask - "Why did it take so long to change our ways?"
If I really had $ 156 million, I don't know what I would buy with it, but I know which way I'm looking. Nothing is free, something always comes first.
Crypto going in the moon. But here is a problem I think, and that is if its lost market then all crypto holder will be down.