Blocks of Trust
How many people do you know making money out of crypto? This is the question I got asked today from a local business guy that I got to meet and talk to for a few hours this afternoon. The answer to the question was: one ser, me.
So, this guy is heavily involved in real estate. He owns land in our home town, has a few apartments in Bucharest, the capital of Romania, bought one recently in Niece, France, has his own guesthouse in the area he has a consulting firm, is into politics, and so on and so forth. He's a smart ass and he clearly likes to brag about it.
He doesn't know crypto, though... He owns a bunch of coins, he doesn't even know exactly what he owns, he said he has a few friends who are into crypto who never made any money out of it, but he clearly doesn't get it.
In almost two hours of conversation, mostly real estate and crypto-related one, he kept on trying to convince me that crypto is not palpable and that real estate is a better and safer option. It's like comparing apple to carrors, I said.
I agree that over time real estate has appreciated a lot and you pretty much can't loose investing in real estate and anything related, but that doesn't mean crypto is not palpable or that it doesn't have a future.
Who would have thought that an online app would revolutionize human relationships and interaction like it happened for the past decade or so? No one saw facebook coming, but it is now probably the most used social media app in the world. It is the app that can get you a date, get you married, divorced, famous or make you tons of money.
The same happens with blockchain technology and cryptocurrency. What this tech is aiming at is disrupting the palpable and "redefining the immutable". The demand for digitally interconnected networks is already here, we are now seeing that we clearly need new governance systems as well and it's more than obvious that the current financial system needs to be disrupted.
Crypto is actually palpable, you know. That's what I told this guy in the end of our conversation in the way that no one can manipulate data on a blcockhain, or dim its transparence in any way. No one can take my account down on Hive or block me from monetizing it. The same way real estate has gained value in the past few decades, crypto will do that as well.
The difference is in the growth rate, where cryptocurrency is an exponential beast. As talked about in a recent post of mine, the worst time to be out of crypto would probably be now. Why wait for the masses to catch up when you can have a headstart?
Looking at the mass psychology regarding crypto and their ardent attitude towards it being dead or close to death makes me feel we're so close to a bottom in the market and also lucky to be able to stack and earn through Hive. Crypto is palpable as hell, I have no doubt about that.
Thanks for your attention,
Adrian
https://twitter.com/AdrianPapava/status/1543326972704657408
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Crypto is a new technology and many are reticent about it. Also, it is not easily understandable, nor do people see what it brings. The truth is that through it all industries are reshaped, the power is diverted to more participants, rather than only a centralized entity. Sooner or later all this utility will surface.
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Soon, crypto will be widely adopted. And it's better to join now than later. Give your friend a bit of time and then talk to him again. Something positive might come out of it.
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Data is the new commodity. How you trade this commodity will be shaped by web 3.0, how web 3.0 apps stand on their own depend on what foundation it is-- if Blockchain then web 3.0 will explore its full potential and ensure a trustless relation with the end-user.
If you reverse integrate this back to the conversation you had with that guy, you will find that it is how you transact your business that defines if crypto is palpable or not.
For instance, you travel on a bus. Indeed Bus on its own does not have any value. But when it finds passengers and charges a certain amount for the service it offers, it begins to carry a certain value. So it's the purpose and the use-case, but on top of that crypto is more about how you cater that use-case, make it different from others, and make it palpable.
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Advantages crypto has over real estate is like you said. growth rate potential, but also the non-existant barrier to entry.
Real estate isn't something you can just start investing in with little to no capital or history.
Absolutely a rich man's game that you want to get into eventually.
But crypto is a great avenue for people to get to that point.
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Cryptocurrency has a lot less headaches. Real estate is also one of the most illiquid assets there are.
Even with the tokenization of real estate, it still might not be as attractive as many other crypto related investments.
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I think blockchain is a great technology that can be used in different sectors apart from crypto. But the recent dive of crypto currency has made it very unpredictable and the world leaders are once again thinking about its credibility
It is true, cryptocurrencies, and the progress they bring to those of us who use them, is truly palpable, due to the beastly growth or profits that generate, and that is undeniable.
On the other hand, making that clear to people who have little or no knowledge of cryptocurrencies and what they mean (and will mean in the future), is a really hard thing to do; and I know it from my own experience, because I have also been in your position, that is, I have sometimes talked with people with money who do not know and do not understand very well what cryptos are, much less their potential.
And no matter how much you explain to them, they won't understand, because the concept hasn't gotten into their heads yet, and they still resist change, because they can't understand anything about the nature of cryptocurrencies; at least nothing significant.
But we can be very sure that this resistance to change that most people suffer regarding crypto topics from, will be overcome some day in the future. At least that's what I think about it.
Good post, thanks for sharing. Greetings
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It differs for everyone and anyone with power in the current financial system won't like crypto that much. They tend to focus more on price more than anything else.
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The entry barrier between crypto and real estate is huge. You have to have a decent amount of money to even think about going into it.
With crypto, it is much easier. With $50, you can start your journey on Leofinance and make it back in one week
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Exactly.
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Be careful with this sentiment.
Real estate benefitted from a couple things.
To start, many developed countries has growing populations. More people in the same amount of land meant price could only go up. This is changing for much of the developed world.
We also has an artificial urban real estate bubble. This was caused by the monopoly on high paying jobs. Remote work is starting to change that. Therefore, the push towards urbanization might be reversing course.
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