> The transition to crypto currencies is happening faster than ever
Except I have yet to see any convincing indicators that crypto currency is actually being used for day to day transactions.
Everything I see suggests people are hoping it's the next gold rush and they'll strike it rich based on timing alone.
(Which is not to say I don't sometimes think about how back in 2011 I toyed with the idea of buying 1000 bitcoins just for kicks when they were ~$1 each.)
It was also trivial to mine it yourself back then, first with CPU then with GPU.
Some miners dabbled with FPGAs in 2012-2013, but the difficulty adjustment wasn't hit hard until ASICs started being used in 2013. Since then it's only been profitable to use the latest few generations of ASICs.
Except I have yet to see any convincing indicators that crypto currency is actually being used for day to day transactions.
Everything I see suggests people are hoping it's the next gold rush and they'll strike it rich based on timing alone.
(Which is not to say I don't sometimes think about how back in 2011 I toyed with the idea of buying 1000 bitcoins just for kicks when they were ~$1 each.)