I have be amused more than once to see the similarity to reactions to cryptocurrencies like Bitcoin and the introduction of using “online shopping” in the 1990s let alone the Credit Card or Charge Card which appeared in the 1950′ and took till 1970’s, via an intervention by Congress to even take off, versus the speed and rate of altcoin or cryptocurrency -which is less then – So why is that? For me the answer came from a conversation with someone at a CryptoCurrency Security Meetup in DC and I recalled saying we need to come up with a way to explain this adoption rate and why folks are so interested one way or the other in Bitcoin.
For me the answer is partially shaded by consumers who can engage in transactions today that require very little interference in their personal buying ability and people like this new ability — because it’s easy or fluid. Hence the idea of Fluidity of Currency.
With this as the bases of the theory is about the ability of buyer sellers to transact business that has the least resistance. And, with the advent of Smart Contracts and DAC “Distributed Automated Corporations ” both will be covered in another blog ) there is no question that cryptocurrency will have a role and it’s because of it’s Fluidity as compared to others and it seems that a currencies ability to interact with as many as possible with become the hallmark of a successful one based upon this new principle of economics.