Building FailSafe Products Is The Key To Cryptos Adoption

Hey JessInternet users

Having been in the crypto space for several years now, I realise how hard it is for people to get in, stay in and find value in crypto. We all know the systems are clunky, projects are created and abandoned all the time, and with decentralisation, things don't develop in a straight line like it does with say a centralised company with one focus and vision.

The open-source nature of crypto means that as new projects are created, others can benefit from it, and at the moment we do not see the exponential growth is at its earliest.

We who are in crypto now accept the steep learning curve, and we're open to experimenting and risking capital. This is a tiny minority willing to do so and thinking more people are going to be willing will keep you away from mass adoption.

Education only gets us so far

Yes, of course, education is essential, and we should always strive to educate as many users as possible. If they are willing to accept the steep learning curve, theoretically they should receive higher rewards for being in crypto earlier and taking the time to deal with the nuances we currently face.

Education will bring more people into crypto, but it also has its limits, many people don't need crypto or are not willing to deal with the complexities of holding their own money.

Others may not be able to understand it, or they are stuck in their ways, and some need time.

We're all one big test case

The users we have now are all those willing to test things out, to break it, to lose capital upfront to make gains in the future hopefully. Bitcoin is the anchor, but crypto as a whole is a sandbox idea, many of them shitty but we don't know which theory or which iteration of the concept will take hold.

Each project brings with it new learnings, be it in the success or failure, this process of trial and error is synonymous with any new sector, and it's part of building a solid foundation.

Time builds trust

In crypto we're all pretty impatient, we realise the power of this tech, but people can only work so fast and learn from their mistakes.

As more people succeed in the space, it begins to build trust; if this thing isn't going away, there has to be something there, is what people will think. This lindy effect tends to grow exponentially with each year of survival, and as time goes by, we build new levels of trust with the public.

You can already see the type of people getting into crypto has changed over the years as well as the way people talk about it. It will continue to change as time goes by and with more trust comes more willingness to learn and invest.

Building FailSafe

So we have all this momentum on our side, but why aren't people coming in droves? Well, because what the end-user does can be almost fatal in many cases. We always talk about how the dapps and interfaces need to be more user friendly, but we never speak about user protection.

In crypto, if you are a novice user, there are 1001 ways to lose your money forever, and that is. A fear many aren't able to come to grips with, its unacceptable for most people.

Crypto needs to build in Failsafe a state that should be the default, if a user fucks up they shouldn't be punished for it, and this is the biggest issue I feel crypto needs to face in getting people to come in.

They should be allowed to fuck up knowing there's a way to protect their coins that doesn't mean jumping through hoops and reading hours of posts or looking for tutorial videos. Since we don't have superuser access like centralised projects, we need these failsafe protocols now more than ever.

Have your say

What do you good people of HIVE think?

So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."

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