The evolving crypto-organism.

in #blockbits7 years ago

When it comes to watching SF movies about future technologies and decentralization , everybody wants to do it but when it comes to actually doing something for a community and change the way most of people think, everybody steps aside. Even if you try to educate people into safety of their own crypto funds for free, they won't come to you because of the fear that is installed into the cryptoworld for the usual user at the moment. On top on that you can add the volatility of the whole market, pump and dump schemes, people that want to steal your precious crypto by any means, crypto youtubers, crypto bloggers, fake advisors and marketeers. One can tell that we have a young entity here, although it has been running for several years now, as many markets where in the 18th and 19th century. Those old markets already evolved, got regulated and function on a set of rules hence they are considered safe although they are not backed by any code/math behind. Evolving is good although it is not always properous for the whole community but maybe only for a few that accelerated it through various mechanisms. One friend with vast experience in the stock market once told me and I qoute " The stock market mechanisms are so complex that even Chess looks like a game of Puzzle for a 4 years old kid". The next question pops out naturally: If the evolvement of the stock market was understood by people why does it take so long for the crypto market to be chewed by early/old adopters? Is it time? Is it safety or is the lack of understanding of people who get into it?

Is it really a need for puting the power of ones' money into his own hands like one man thought a few years ago by creating a totally decentralized monetary system completely backed by cryptography and mathematics? The answer to that is ofcourse "yes" but with this power comes a great great responsibility as for beeing your own bank, financial advisor, guardian of your own assets, etc comes with great risk since once you miss one point of security or do not get updated on new technologies or even miss one key on your keyboard when writing a destination address, your whole savings might be compromised.

There are various methods of double/triple/quadruple protect your assets but sometimes you just need to expose some of them in order to evolve, invest, prosper, help the system. Read, test, educate yourself when exposing your assets to the network. If you want to invest into a upcoming project (ICO), do it after you read all the information on the official websites and after you have spent some time into the community. Always look for a safe way to protect your funds even after you have invested into a project (Yes, it is possible). Always be in control and you will be succesfull.

Media: #BlockBits #75497de9

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.029
BTC 74226.19
ETH 2639.64
USDT 1.00
SBD 2.42