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Are Cryptocurrencies And Blockchain Technologies The Next 'Industrial Revolution'?
People are skeptical of new technologies such as Bitcoin.
People are sceptical with good reason. Bitcoin does seven transactions or so a second; for that reason alone, it can't be used as a regular currency.
Users may experience a steep learning curve on initial adoption.
Negative reports are more interesting to journalists than most of the positives and there are many such reports in crypto such as hacking, which are not in fact related to the technology but to human error, or to crypto-exchanges currently being centralised.
Many people simply do not understand the intricacies of the system, as it is quite opaque to the uninitiated.
Just because Bitcoin cannot scale and make instant transactions, it doesn't mean there won't be better technologies later on such as Hashgraph.
Cryptocurrency will become a widely known lexicon as it brings us closer to final stage evolution in transition from FIAT to Digital Goods.
HSBC performs first blockchain
shows a current example of Banks making the transition into this step moving forward.
Sweden is already moving to become a cashless society
Japan passed a law called The Payment Services Act in April 2017
G7 Countries are acknowledging weak FIAT against Cryptocurrency.
These links show us the direction our nations are going to.
Scepticism is normal towards new technologies. There was broad scepticism about the car, the train, the television and the Internet before they became mainstream.
This is less and less the case every day as the technology is more generally accepted and widely used.