Crypto Adoption is Further Away Than You Think | The SteemLeo Show #6
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In today's episode, I cover the idea of crypto adoption and how it may be a little further away than you think. In order for mass adoption to happen, we need to have better systems in place. Topics covered:
- The price of crypto is irrelevant to the development of crypto… in 2017, we saw exactly what happens when the price of crypto outpaces the development of crypto
- We’re still missing key elements for mass adoption:
- Infrastructure
- Scaling
- User interfaces & education around crypto
- The pace of adoption is limited by the background development surrounding these areas
- It gets built in the bear market.. the money is distracting.. the speculation is distracting
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I think BTC is getting closer and closer to mass adoption. The alts are a little further away. But it is a great time to educate and fill your bags.
You are right that is the best time to be in crypto and Bitcoin is already far positioned to dominate this market for a long time.
I love these podcasts. You NAILED my thoughts in this podcast too. I do learn a lot so good work!
Amazing friends
Adoption will also take longer because of crypto tribalism we’re not working together enough combining ideas and programs and audiences this is where central planning does have a one up on community
They have select few driving it forward for the masses! The curve is slow but I do think with the world economy at odds it could be a boost but I agree scalability, user experience and knowledge is still big barriers
I just see what’s going on in Venezuela as an example of how quickly crypto’s like Dash are being intergrated and people are learning to use it remarkably quickly!
Amazing what can happen in a hyperinflation economy
So... I can completely agree that we are a long way off from the masses adopting crypto. I do software support for one of the largest tech companies in the world and talk to the “masses” about their tech daily... When majority of people still don’t know how to simply turn a device off and on properly, can’t properly send email, or organize their files... then how can we expect them to deal with the complications of crypto... Not to mention there are still people writing checks!!! I love this space, but I am also a bit of a nerd so I get it, but the masses won’t for quite some time. But we are still in the infancy stages and we still have ALLOT to work on. So my thought is that people need to chill out and be more patient, the tech is here, just needs to be perfected. But then there starts a while other issue with society, nobody has patience anymore... I find that when I sit back and let it happen, it usually does in its own timing. And if you are complaining about the tech not doing this or that, or it’s not good enough, then I ask you, what are you doing to contribute and help?
People are expecting millions in the next couple of years... meanwhile I'm looking into 5-10 years in the future, we aren't even near adoption, when it happens, and it will, the price's atm are going to look like a bargain... Crypto games, STOs, freedom of speech, financial freedom and interest are going to make this market explode like we have never seen before, the internet will look small when compared to crypto imo...
Ease of use is def something that we need to improve, just on STEEM we are starting to see so many tokens that people get confused to what to buy or what to sell what to hodl, etc...etc... and most people use their masterkeys instead of their posting or active keys, and most don't even use keychain, we still have a long long way to go, but I'm sure that when it happens we will all be drinking martinis on a beach somewhere paid with SteemLeo 😏
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