RE: The missing piece of past revolutions found
Even the largest corporations need not suffer at the hands of the evil crypto as they can choose to participate by moving their activities onto the blockchains
I'm thinking exactly what you are here, that traditional institutions will adopt blockchains, because it allows efficient tracking and trading of assets which allows to offer cheaper and better services. And when that happens, it also legitimizes crypto which will co-exist as another form of distributed ledger technology with its own use cases. Here it is the point where crypto (and blockchain) will truly go mainstream, I'm guessing.
People talk how banksters and such are greed and how crypto and banks are going to clash against each others yada yada. Yeah, there are some people who think that way (some seniles who pretend to know something), but it is a bit silly to think we are going to some type of war. Like you said, some traditional institutions will adopt and move to distributed ledger technologies and at the same time change their business model and keep exesting. Meanwhile others won't adapt, and such institutions will just fade away when other services can provide faster services with less fees.
All this just takes time and battle testing before institutions adopt some model, or manage to develop one of their own. A lot of that future is created right here in the storm that we are in the middle of, that's what it is being an early adopter.
The greed of banks and corporations is what will carry blockchain to the masses. They want the ability to transact cheaply, keep tabs, clean up supply chain management, more easily audit, track customers... it is too attractive to not implement. tHey will think they can control the currencies too though but, humans are going to act in their best interests and that is to create and use value to the maximum potential.
One of the biggest costs to banks is cash handling. The banks have weaned us off of cash and onto payment cards and internet banking not for our convenience but to improve their bottom line profits.
They 'are' adopting blockchain technology but not as we would know it.
The banks blockchain is centralised in order to control it.
The gullible public will adopt the banks model of a blockchain because they know no different.
Our job on the steem blockchain should include education for the masses. Not to get them to join steemit or any of our apps but simply to show them that there are better alternatives.
People could use steem just as a currency without having to produce content etc.
A paradigm shift is required by us not the public.
Instead of looking for new investors which seems to preoccupy so many steemians. Create posts that explain the advantages of crypto currencies in general. As you have done here. Great post as always @tarazkp
The revolution will be self funded🙆