RE: 3 Problems Cryptocurrency Solves
You are viewing a single comment's thread:
I don't want to play too much "Devil's advocate" here, so I'll just leave it largely agreeing with your points, with the caveat that all industries tend to be extremely turbulent in their infancy... which is basically where we are.
I have never quite been able to shake feelings I have had since first learning about Bitcoin around 2013, that cryptocurrencies are as much "a solution looking for a problem" as vice-versa. We seem to poke at the edges of solving global/universal issues, but we haven't created de-facto large scale solutions that are readily implementable on a large scale. Paradigms change when large scale adoption of a new technology simply replaces the old technology because it is better than the old way.
One of the biggest challenges for crypto mainstreaming is finding that delicate balance between "decentralized" and "fragmented." What I mean by that is that people prefer things to be really simple with zero learning curve. Like take our microcosm called "Hive." The biggest block to growth (in my opinion) isn't the price of the token, or lack of engagement, or spammy posts, or circle jerks... but that people expect "Log in with Facebook and start creating" levels of ease-of-use, and then "all their shit" is right there without needing to use different keys, different apps, pictures here, video there, audio somewhere else, blogging in yet another place. I've tried to pitch Hive to people, and when I explain it, they see it as going backwards (in terms of ease of use) not going forwards.
But I digress. What you outlined is definitely where we can start "staking our claims." But it's really important — basic consumer/industrial psychology — to remember that we need to bring people what they want, not try to "force people to want what we HAVE."
=^..^=
Posted Using LeoFinance Beta
I agree with this 1000%. It is the holdup to Hive. In 4 years, we did little to progress along the ease of use scale. We are still in a very "techy" realm which is not where the masses operate.
This is also a point I feel vital. It is why I always felt that Layer 2 solutions are what need to be developed and marketed. Bringing people in at that level does so because "they have an interest*, not because of Hive.
That might have been accurate, although things changed greatly since 2013. We have a lot of issues that cropped up since then. I think the liquidity issue is something that is much bigger today than it was 7 or 8 years ago when the technological impact on the global economy was less. We also hear talk about censorship which, while perhaps not horrific at the moment, is going to get worse as time goes by.
Also, the limitations of Bitcoin are being surpassed with newer technologies. Bitcoin does have its place in my opinion as a store of value. Beyond that, I still dont see a great deal of use cases for it.
Posted Using LeoFinance Beta