We are still so early in the crypto game. Little more than a decade is the history of this space.
Overnight Success (over decades)
Do you know how long the internet took to become a thing from the very first attempt at it?
It was in the late 1960's when it connected a computer at UCLA to one 300 miles away at Stanford.
The attempted message was supposed to be "LOGIN" but only two letter made it before the whole thing crashed.
One of the very early problems with the internet was that all different "languages were being used - sounds familiar my crypto peeps, eh?
There was no way to pass information easily between all of the "systems" so you can receive and view everything at just one machine.
Then a tool was created that resolved all this, the multi-protocol router developed by Cisco Systems.
This stock made people alot of money that were in it in the 90's and rightfully so as this tool solved the roadblock to the information highway that is the internet.
The journey is long (and short)
The internet was 30 years in the making and crypto ironically is suffering from some of the same issues as we have so many different blockchains with native coins that don't operate elsewhere.
This is a problem that is being worked on and resolved by many a chain, Thorchain is one prime example.
It is still not easy and the average Joe is worlds away from being able to use different chains with ease and limited understanding.
Maybe there will be a tech that is both easy to use and gains mass appeal. There are certainly potential candidates, just a matter of time for it to take hold or for a new player to come do it better.
Point is, we are still so very early in crypto. It is one big reason I continue to HODL.
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Absolutely, although not only a tech is needed that is easy to operate and useful, but also a new narrative to get average people into the crypto realm again. Due to the DeFi project crashes and the failure of crypto as an inflation hedge, the financial narrative doesn't seem to work for now.
Imho, a suitable narrative could be found in decentralized social media: They are doing great stuff with the DeSo protocol right now, which already powers a blockchain-based Twitter, Linkedin and Insta. With the broad user base of social media, this might be a vehicle to get the masses back into using crypto.
Cheers and thanks for sharing!
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somehow I feel like the new narratives will be coming out of places where crypto can make a big difference early on where there is poverty and social injustice, lack of free speech, social mobility etc.
Surely somewhere is going to become the ultimate crypto revolution narrative at some stage? Its easier for a populace to be forward thinking when they have less to lose
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The social media angle very well could be it.
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The cat has strong paws... and nine damn lives.
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