IJCH - Inside JaiChai's Head (meaning: My warped, personal opinions and musings)
From the Author
Salutations. I am JaiChai. And if I haven't had the pleasure to make your acquaintance, it's always nice to meet a fellow Steemian.
No Clones Here
There's already a buttload of hyped, generic "What is the Crypterium ICO" article clones available online.
This won't be another one of them.
Anyone can easily google what the Crypterium Crypto-Bank ICO promises to do, the services they will provide, the options they will offer, and how they plan to do those things.
I won't bore you with that.
Rather than re-hashing the "What" and the "How" of the Crypterium ICO, this article discusses that all important "Why".
This is my take on the fundamental "Why" of the Crypterium ICO - Its Reason for Being.
The first time I heard about the Crypterium Crypto-Bank ICO, I remember thinking, "Seriously? A 'Crypto-Bank'? This is pure sacrilege!"
"Isn't the whole point of cryptocurrency to gain freedom from the big banks?"
"Didn't Satoshi Nakamoto create bitcoin as a response to the 2008 World Financial Crisis - a debacle caused by the Global Banking Elite?"
In my mind, the case was closed.
Then feeling rather smug, I didn't think of Crypterium for another second.
I had to spend my limited supply of functioning brain cells on more important matters (e.g., thinking of an acceptable excuse for not going to the mall with my girlfriend; instead of telling her I just want to binge-watch a Netflix series - any series!)
My mother called me right out of the blue - at 3:00am.
"Ma, it's 3:00am. Is there some kind of emergency?"
"Oh sorry. I always forget you're 12 hours ahead of me. I just read something, then I saw something on television and I thought of you."
"Really? What was that?"
"It was a show about 'cryptozoologic money', you know, that stuff you tried to explain to me last Christmas when I visited you and my granddaughter."
"Ma. It's 3:15 in the morning! Whatever questions you have will probably take some time to answer in a way that you can fully understand. Can't you just email me your questions and I'll answer them later?"
"Okay. But my questions are really simple - I think? If this 'bittecoin thingy' is so much better than a dollar, why is it so hard to get it, spend it or even understand it? I mean, why can't I just use a 'bittycoin card' like I've been doing all this time with my bankcard?"
"Look Ma. I understand your questions. And I'll answer them after I get a little more sleep, okay?"
"Alright son. Talk to you later. Hugs and kisses to my granddaughter."
The truth is that I couldn't go back to sleep.
My mother's "simple" questions made me realize that I'd forgotten that 98% of the world's population still hasn't heard of bitcoin yet, much less understand it.
The Ivory Tower
In my "Cryptocurrency Ivory Tower", I forgot about the real world.
Let's face it.
Although the cryptocurrency space has advanced in leaps and bounds in a very short time, it still isn't user friendly enough for the average individual; especially those who are techno-phobic and just want things as simple and convenient as possible (e.g., my mother).
My mind goes back to the call from my mother and what the scene would look like without a lot of preliminary education, wallet setup, wallet funding, links to intermediary cryptocurrency-to-fiat exchange, gateway or bridge created, and intensive hand holding from me.
I can imagine how quickly my 86 y/o mother would get overwhelmed the first time she has to deal with her cryptocurrency wallet.
Knowing her, the whole transaction process would feel like learning how to walk again.
And messing with QR-Codes and wallet addresses would instantly aggravate her.
It would most likely result in her sending the money to the International "Kill the Babies and Eat Puppies for Breakfast" Foundation.
Let's say, by some miracle, my mother doesn't give up, hasn't lost her money, and was patient enough to complete the process.
What else could happen to make her not try this again?
If paying for something takes longer than she's used to, I guarantee she would not do it again; thinking, "This is all simply rubbish. I'm not torturing myself or wasting my time with this nonsense ever again!"
You hear that?
That's the sound of my mother's footsteps as she stomps away from the checkout counter and out the door.
Where is she going?
Isn't it obvious?
To go get her bankcard from home!
Enter Crypterium - A Sturdy "Happy Bridge" for the Masses
The Crypterium Crypto-Bank serves as a Sturdy "Happy Bridge" for the non-cryptocurrency people comprising over 98% of the world's population who are still hesitant to make that leap into that "scary and dangerous rabbit hole called cryptocurrency".
I'm sure we all can empathize.
Remember when you stopped lurking - just safely looking down that hole - and finally jumped in?
Committing your own hard earned cash was scary, no?
For the newbie of today, the Crypterium Crypto-Bank is the solution; allaying the normal anxieties all neophytes inevitably experience.
Crypterium is the easy, painless method that enables anyone - especially those who would not do so otherwise - to leave the legacy banking system (with all its flaws and limitations) behind and begin enjoying all the benefits that crypto-banking has to offer.
To the new crypto-bank customer, it will seem like nothing has changed in the way they shop, pay and conduct business.
With Crypterium, customers will have all the bank services they are used to (and with the same convenience) plus:
access to instant cryptocurrency payments
contactless payments through the most popular payment channels and mobile apps (IOS and Android)
option to go "cardless" (no more plastic)
and much more
For those who have never had or couldn't have (due to the many obstacles and requirements that legacy banks impose) access to banking services, Crypterium is a Godsend.
Crypterium aims to provide access to bank services available to anyone, anywhere.
Most will be clueless that we are all in the midst of the biggest shift of wealth ever in human history. And they will not know that they are, in part, responsible for this massive wealth distribution.
And maybe that's good.
Most people don't care enough (or are too afraid) to be actively involved in the cryptocurrency movement.
As long as people have a way to do their normal banking and pay for things with cryptocurrency as conveniently as their local fiat (AKA: the Crypterium Crypto-Bank), more and more people will get onboard.
And the mainstreaming of cryptocurrency will grow exponentially.
More details about Crypterium Crypto-Bank products and the Crypterium ICO can be found at: https://crypterium.io
Many thanks for reading my post. And if you enjoyed it, please: Upvote, Follow, Comment and Resteem.
About the Author
JaiChai has been in the Disruptive Technology, Computer Science and Cryptocurrency spaces for many years. He is an enigma, regarded by his cohorts as sarcastic, funny, intuitive, but most of all - elusive. He’s known for randomly submitting philosophical and contrarian posts on several diverse forums.
When asked about his vanishing acts, he says, "I’m just somebody who enjoys being nobody because I look like everybody. Besides, time checking things off my 'bucket list’ - sans notoriety - is time well spent.”
This post is submitted as an entry to @originalworks' "125 STEEM Sponsored Writing Contest: Crypterium"
If you wish to submit an entry, go to: