RE: On Cryptocurrency Apocalypse and The Right Approach To Blockchain Adoption
You've said it all bro'. We ain't started yet if all we do is misuse the blockchain like we're used to for the past 12 years. TBH, it's all dumb money being put into cryptocurrency with few people ever understanding the tech behind these currencies (the blockchain), and what it really stands to achieve -all thanks to the guys pitching "Buy bitcoin, it's going to 100k tomorrow." on YouTube.
Today, due to the wrong notion we have floating around, there's a 90% chance that every new project on the blockchain will suffer token devaluation after being enlisted on an exchange. Why not? Turns out the people clamouring for your token could care less for the solutions it brings.
I preach Blockchain of value. Not of price speculations of coins. Without acknowledging the value, we wouldn't have any story to tell.
By value, I'm talking grassroots. Value far outlives the rants about faster transactions, tax evasion, anonymity or the total control of wealth.
As we embrace the technology, let's take the time to grasp the philosophy behind it. And then the value we draw from it will be even more meaningful for everyday use. Evident enough to Bloom into success-stories and see mainstream adoption.
We would Moon way faster by appreciation, and the stories.
What you said about the devaluation is totally true. A lot of coins that ran ICO's lately have suffered huge loses. the one that shocked many people was WanChain because it is a solid project.
People expected it to hold some ground.
Just like you, I don't tell people of Moon, I tell them whats possible if they are committed and work hard. The real value will come when we make use of the technology instead of pursuing Moon.
Thanks for the awesome comment.
Always welcome