The stumbling block for me has been getting my head around it. Understanding how it works, and if what ultimately draws it into mainstream use is as simple as enough of us giving it credence and validity. At the moment, it feels like the instruction manual would be as thick as a New York City telephone book– if those still exist.
What makes it legitimate and valuable? What would make it a legitimate standard for financial transactions? What I gather from its use of blockchain is that there is a certain security involving transactions, which I believe is intended to give potential users peace of mind.
It’s more ethereal than a credit card, and devoid of substance and the tactile pleasure of coins and paper money, perhaps appearing to some as the brainchild of someone who’s put together the next elaborate scheme.
And it seems as though it would be out of reach financially for many, but maybe that’s part of what I’m not understanding. What gives it its value and purchasing power?
With a serious entry into this arena, like Ethereum, I know that much effort is being put into user-friendliness, so that an end user, an average consumer, could use it with the same ease and convenience as cash or credit. Still, the question looms regarding the necessity of such a seemingly steep learning curve, of simply understanding how this works and if it has staying power.
