Crypto Mass Adoption: What Are the Key Milestones?
Some years ago, if you had spoken about bitcoin or cryptocurrencies, almost nobody would have understood what you were talking about. After the 2017 bubble, when the price of bitcoin has majestically flown in a temporary parabolic step dance to the all-time highs, similar to a swallow hovering free in the sky on a warm spring day, at least now, the majority of people recognize the topic.
Nevertheless, a vibration of discomfort is still palpable in the air, as when one talks about a quick way to lose money. Sure, one of the major problems quoted is infamous volatility: not so easy to handle for vendors, buyers, and simple weekend investors. The problem can be simply and successfully reduced (but not solved, for now) in two ways.
The first is the one currently used, and it consists of traveling across the Market Ocean with a little tiny candle, hoping not to encounter whales and storms while asking themselves: “Will I ever reach Ithaca?”. This means waiting on the sidelines with fiat and stablecoins and buying what is needed at the moment. Sure, it’s not as comfy as using our shiny chipped plastic card. The second way consists of leaving it to the time when the exponential growth of the price will decrease after each cycle, while with the growing market capitalization, it will be more difficult to provoke wide fluctuations in the price, similar to gold. Believers, instead, have already reached the typical wisdom of Buddhist monks.
To them, nothing about these things matter anymore. Talking about the inconvenience, it’s impossible not to mention the relative difficulty in understanding how every cryptocurrency works, whether it is PoW or PoS, the fees, the time-size block, addresses, miners, scammers, and the more you have to add. Things that you can simply search for and get informed about by Googling them on the Internet, but it takes time, desire, and a sprinkling of healthy curiosity. A lot of information is furthermore spread around, and so it’s complicated to connect the dots.
Many wallets and applications lose themselves in technicalities, and they also lack user-friendly interactivity. Another big step is the one directed towards the world of regulation. Cryptos were born to be free from outside rules, but in order to make it possible that other people can join this universe, probably there will be needed rules to protect consumers, more security systems for whoever wants to keep his funds in a third party entity, or insurance in case of loss or theft. Of course, rules prevent third parties from creating pieces of paper backed by crypto, where you don’t understand who is backed by whom and what is really contained in that magic and mysterious receipt. The regulation will be inevitable.
On the one hand, it will bring confidence and trust to new investors and consumers, but on the other hand, it’s possible that we will see the birth and the creation of an alternative and parallel market where regulated and tracked coins will be accepted normally, while unregulated, anonymous, and untracked coins will be exchanged for a premium or not accepted everywhere. And then, why on earth would people use crypto? As an investment, many would answer, to buy low and sell high, to get rich quick… but the reason is very different.
We are told that it is safe to stay locked in our comfort zones, with leg shakes while watching television, for “our good,” they say, while out there, all we really own as human beings, such as freedom of speech, of thought or our human rights, are gradually being suppressed.
Not with brute force, be careful, because it wouldn’t be so effective, but instead make sure that people themselves want it, demand it, and insist on it. And all thanks to the wonderful, admirable, and incredible propaganda machine. Otherwise, how could we tolerate and accept inflation of 2% (even if it would be so), imposed and decided by a small group of people?
A loss of 50% of your savings’ value in 25 years (even if purchasing power compared to food decreases even more). And why does this happen? To stimulate the economy, they say, because otherwise, without inflation, the world would end, crumble and sink into the abyss, earthquakes and tsunamis would hit all the planet, and the entire universe would collapse on itself. While the economy is stimulated, the people are left hungry. Because at the end of the day, those who always pay are nonetheless the people. We, the people, who work and study hard, struggle and make enormous sacrifices for our families and future. The hope that what we sacrifice today is going to be repaid in the future, but that in reality, as thanks for the services granted, oh dear subjects, here you go, take
These little coins worth less than before have precarious healthcare and don’t forget to submit your requests to have chopped pensions. Many will ask: “ What have we done to deserve this?” Human beings tend to live peacefully, help each other when possible and build a future without harming nature and others. But all of this can not happen when money, freedom, and ideas are constantly threatened. For me, the biggest milestone to deal with is that the people don’t know how the economy works, how the money works, and what is the money.
Not for ignorance or illiteracy. It’s all thanks to the good work done by the propaganda in schools and society. Crypto is freedom: freedom of expression, of the monetary system, freedom of choice, censorship resistance, resilience, decentralization. People are not stupid, and if you explain how the system works, they will come up with their own choices. If a man can live peacefully, he avoids wars. Let’s take back our freedom from a system directed towards a totalitarian regime, from a form of money that rewards those who spend more and funds permanently war and destruction!
The strength and resilience of a nation are based on private savings, not on debt. Let’s take back our humanity, our independence, and our future so that an Orwellian 1984 can’t become a reality again, except this time, globally.