Anyone can stand on the sidelines and speculate, among them are the cheerleaders and the nay-sayers. I, personally, have never been able to sit idle as a spectator when I have a passion for something. We all have our talents and one of mine is to be able to see how I can contribute value, then it becomes easy. So here are some thoughts about “HOW” to build ADA:
The two measures of a currency are 1) its Utility and 2) its Stability . A clear explanation of these measures is at Generation 1,2,3,… blockchains and where they are heading posted by @Mastercore. As these two factors increase, the demand for the currency increases, which drives its trading price up. I hope this simplifies it for everyone.
So this leaves us with the Question: How does ADA become usable in people’s everyday lives?
In my view, this is about paychecks. If you are out of work (like millions of people are right now) and someone offers you a job that pays you in ADA, the first question is: Can I buy my food and pay my rent with ADA? Initially the answer is, No. But the employer shows you an Interchange (not an exchange) where you can get USD for your ADA (1 to 1). As soon as the first worker converts their ADA for the same amount of USD there is an actual economy in operation. This is because Goods or Services were produced by ADA.
If you can imagine that happening once, then multiply it ten times, a hundred, a thousand times. With a thousand people making their living and getting paid in ADA a demand begins to grow for merchants to take payment in ADA. The worker says: Why don’t you just take ADA so I don’t have to convert it? The merchant says: Hmm, I will have more business when I take payment in ADA!
When Merchants and Manufactures are using ADA: What need is there for USD? Well some, like paying taxes (everyone’s favorite).
Please make comment, I’m very interested in hearing what everyone thinks are the problems or hurdles to creating the flow of goods an services with ADA.