The Bitcoin User Experience is still in its infancy

PodcastBitcoin is a nascent technology and like the days of flip phones, it has a ways to go until it reaches a similar stage like where we are today with smartphones.Bitcoin is a nascent technology and like the days of flip phones, it has a ways to go until it reaches a similar stage like where we are today with smartphones.Watch This Episode On YouTubeListen To The Episode Here:AppleSpotifyGoogleLibsynIn this episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz talk about how “sausage” is made around the world, why there is no pivot coming our way, and how fast food could become the next big winner for investors. Olszewicz discussed how many people are realizing how much power the Federal Reserve has, which is far more than anyone in our generation could have imagined. “We believe things will turn around and net assets can be saved. This is not the case. All eyes are on inflation right now. This means that you will see high unemployment, a reduction in housing mortgages, the collapse of auto loans, and a rise in consumer debt. Inflation has a profound effect on everything. Wilson and Olszewicz talk about the effects of a credit-based economic system. Wilson stated, “We live with more than $90 trillion in debt and only $9million in the money supply.” This has caused the ice in the country to thin and eventually someone will fall through the cracks. Olszewicz says, “That is why we are unable to raise our government debt interest payments above 5 percent.” It would be more than anything we could pay and be the largest line item, other than the defense budget. Politicians often don’t consider the potential for future inflation and the impact of the money that they spend now. “Olszewicz stated, “It’s only been 14 years since [the Bitcoin] whitepaper was launched in 2009. It has had 99.98% uptime. As people age, the CEO and CIO roles are no longer necessary. The new generation sees the network as more than an asset. Wilson says that social media platforms are just 20 years old, which is a bit less than Bitcoin. People are being born today that don’t know how these platforms began, but they are functional. It’s similar with smartphones. It is easy to forget that there was originally Motorola, then Sidekick and then the iPhone. We are not yet at the iPhone [stage] in Bitcoin. “Tagsterms:TechnologyBitcoin Bottom LineInnovationiphone

 

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