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RE: Will Bitcoin/BCH dominate all future Crypto payments? by abbak7

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· @kabir88 ·
$5.65
Will Bitcoin/BCH dominate all future Crypto payments?
[![Thumbnail](https://images.dlive.io/f9e2073e-8572-11e8-9a43-0242ac110002)](https://dlive.io/video/kabir88/1d600c80-8572-11e8-adb2-bf4283a63cb9)

My reply to a comment from @full-measure.

Text takes ages to type so I did a short video.

You can find the original discussion here
https://busy.org/@rogerkver/can-bitcoin-scale-on-today-s-computers-do-we-need-2nd-layer-solutions-to-compete-with-visa#@full-measure/re-kabir88-re-full-measure-re-rogerkver-can-bitcoin-scale-on-today-s-computers-do-we-need-2nd-layer-solutions-to-compete-with-visa-20180711t020149253z

My video is at [DLive](https://dlive.io/video/kabir88/1d600c80-8572-11e8-adb2-bf4283a63cb9)
👍  , , , , , , , , , , , , ,
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vote your-acct "kabir88" "1d600c80-8572-11e8-adb2-bf4283a63cb9" 100 true
post_comment your-acct "re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20181018t074811648z" "kabir88" "1d600c80-8572-11e8-adb2-bf4283a63cb9" "" "your reply.." "{}" true

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@magic8ball ·
To the question in your title, my Magic 8-Ball says:<blockquote>Signs point to yes</blockquote><hr>*Hi! I'm a bot, and this answer was posted automatically. Check [this post out](https://steemit.com/introduceyourself/@magic8ball/introducing-the-magic-8-ball-bot) for more information.*
👎  
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vote your-acct "magic8ball" "20180712t012922225z" 100 true
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@novacadian ·
$0.04
An interesting video. My personal feeling is that more than users choosing a token, the token will choose you through your activity.
👍  
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vote your-acct "novacadian" "re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20180712t015101860z" 100 true
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@kabir88 ·
$0.10
> "the token will choose you through your activity."

🤯

That is some blue sky thinking! But very possible. I guess if you're a new startup, you can monitor your competitors blockchain and send some tokens to the most active users!
👍  ,
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vote your-acct "kabir88" "re-novacadian-re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20180712t020402428z" 100 true
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@novacadian ·
My meaning was more through activity. A sneak peak would be something like [Actifit](https://steemit.com/actifit/@actifit/announcing-actifit-innovative-smt-for-rewarding-fitness-activity). One basically gets rewarded to exercise. In a post-capitalistic society tokens will find the person, in my opinion. 😎
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@abbak7 ·
I gave up at almost 4 min... Guess I'm way to dumb to get it... But please, no offence... I do follow you very closely... You matter to me!
👍  
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vote your-acct "abbak7" "re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20180712t080222030z" 100 true
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@kabir88 · (edited)
Thanks for taking time to watch it. I probably rambled on a little 😋

Basically, what I am saying is. We could all drive a VW Golf, but we don't as we all have different needs. The same is true of cryptocurrencies and this means it is very unlikely one coin will come to do everything.
👍  
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vote your-acct "kabir88" "re-abbak7-re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20180712t081940039z" 100 true
post_comment your-acct "re-kabir88-re-abbak7-re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20181018t074811676z" "kabir88" "re-abbak7-re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20180712t081940039z" "" "your reply.." "{}" true

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@abbak7 ·
Back on my Teens... I only liked Golf, cause  they stopped  making Scirocco...that was my love... I know I'm off point, but you just took me 25 yrs. back... Yes, ur right, we all need different drives, yet is all about a ride..
👍  
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vote your-acct "abbak7" "re-kabir88-re-abbak7-re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20180712t084606578z" 100 true
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@kabir88 ·
$0.08
![IMG_20180630_153626.jpg](https://ipfs.busy.org/ipfs/QmdxmqJb1gZkxweVJANuwLPGP6C1KxE94qnWrPSVA12STW)

Stuck some ribbons on it for a wedding. Not a massive petrol head but a nice drive makes the journey just a little sweeter
👍  ,
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vote your-acct "kabir88" "re-abbak7-re-kabir88-re-abbak7-re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20180712t085349154z" 100 true
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@abbak7 ·
I hate Youuuuuu... It's not personal, just jellossss... .😉
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vote your-acct "abbak7" "re-kabir88-re-abbak7-re-kabir88-re-abbak7-re-kabir88-1d600c80-8572-11e8-adb2-bf4283a63cb9-20180712t092125924z" 100 true
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@kabir88 ·
Haha, thanks :)

Who knows, if steem goes to the moon, we can all get matching Lambos
![Screenshot_20180712-162110__01.jpg](https://ipfs.busy.org/ipfs/QmWs5B12N68Pjpk4qCCiZDQLtXsNVsLML98C9WxdYkgVTa)


Check this out from The Economist, they are heavy hitters and read by most serious people in finance. From June 2018, this is the type of publicity that can't be bought!

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@full-measure · (edited)
Great video. Love the way you broke it down and presented your point.

I think where I disagree is essentially a matter of degree. I really like the idea of being able to pay people in shares of companies or shares of a project. And I think what you're talking about will definitely happen.

And ya, if you were buying something from me, I'd likely be willing to accept Steem for it. But at the same time, I only want so much Steem. So there would reach a point where I wouldn't want it anymore (or at least, where I'd just be converting out of it and only accepting it as a convenience to you).

Or if I liked some company or project, I'd likely accept payment in shares of those things, ya.

So hybrid instruments can be appealing and I imagine you're right that they'll be used. But at the same time, if you book a sale halfway across the world, you don't necessarily then want to figure out what they want to pay in and what you want to accept.

So while I think what you're talking about *will happen*, I don't think it will be the default or the common way. 

The various projects and companies may have more potential upside than Bitcoin, but they'll have downside too. They can always be mis-managed, and can go kaput when newer things disrupt them.

So wanting to accept payment in those things involves wanting to hold those assets.

So to borrow your dollar vs. Facebook shares example, one reason I may prefer to accept dollars is simply that I'm not looking to speculate on Facebook's success.

And of course only so many people could accept payment in Facebook before the buying pressure would make things wonky in terms of its valuation.

So it's like: Either it's spread out to infinitely many different instruments, and in that case it's the chore of figuring out which one we want to do business in today. Or there's a smaller list of assets that are used as payments, and then they balloon in value beyond the real value of the assets (which means it may as well be Bitcoin, it doesn't really matter anymore that it's backed by the asset, most of its value is based on its use as payment).

And I'd figure that it should be easy to quickly convert your Bitcoin to a share of X project, decentrally stored and without much fee. So rather than actually do payment in the various projects, we can do payment in one thing that's regarded as the currency, and then you convert from there to the projects you want to be a part of.

------

So I don't really have any specific disagreement. But overall my perspective is, I guess, that what you're talking about is smaller more than it's the norm.

Really enjoyed your video! it was great points and it's a great topic and a lot to think about. Would love to hear anything you have to say to my reply.

Sorry for being lame and replying in text lol. I don't have the soothing British accent so I need to just type it :p
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@kabir88 ·
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Thanks for the reply!

I think I have covered most of your points here, let me know what you think. Text is fine :)

https://youtu.be/VkURgxlnHEc
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