The Bitcoin Bubble Is Popping -Part 2
In order to get to the bottom of that question, first we need to worry about adoption. I personally believe there are 3 reasons that could lead to potentially increasing worldwide adoption of cryptocurrency: A Better User Interface; A Better redistribution of money; Continuous decentralization. If you think I forgot about scalability, transaction fees or block size, please rest assured I haven’t. To me those aren’t real problems; as the network grows in security (more miners), user adoption and developer community, I believe we will see those issues getting resolved. Some others will appear, of course, but that’s the nature of innovation. You need to break stuff in order to build new things so it’s not the tech problems that frighten me, to be honest; the values and paths we choose to support our decisionmaking, that is what concerns me.
But we’ll get into that in a bit. So, why is User Interface at the top? Simple answer: would you be able to use the internet without DNS being active? Killer user-friendly apps, which make the bridge between the infrastructure and the user are the key which might unlock this puzzle. The first real challenge is making cryptocurrency indistinguishable from digital fiat-currency. We need ways to safe-guard users from making bad decisions, like not keeping their private keys safe, accessing websites via ads, or keeping their entire assets in a single place. To achieve that, we have two main schools of thought to follow. Learning by doing or, Regulating the markets.
This article shouldn’t be taken as financial advisement as it represents my personal opinion and views. I have savings invested in cryptocurrency so take whatever I write with a grain of salt. Do not invest what you cannot afford to lose and always read as much as possible about a project before investing
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