RE: Why Is The Crypto Market Not Moving? Lack Of Interest? Anticipation of EOS? Are we really that early any longer? Time to be realistic
Good points, but why should innovation take as long as it did in 1994? Technology is exponential. I don't think it should take as long to build dtube as it took to build youtube. The infrastructure is there, the idea is there. Just make it decentralized. Sure, I know it's harder than that.
But, developing and programming is one thing. What people expect is another. If the space seems stagnang and projects are in beta for years and no obvious development is being done..people lose confidence.
It should not take DECADES to develop these platforms. If you believe that you don't believe in technology or cryptos. This space should and needs to grow fast. Or it will die out. It will be a fad, and at best a funny weird space with some weirdos making funny money online who they can buy t-shirts with.
Internet developed faster and faster. From IRC, shitty MMO's to Yotube, Facebook, Skype..sure it took 10 years, but cryptos should develop faster. Don't tell me that technology is all of a sudden developing slower.
"It should not take decades" according to who? Things takes time. Yes things are progressing faster now than a few years ago. That is a fact. But it will still take a long time. Technology die out? Funny. As long as it gives you more value than the last thing humans used people will use it. Since people value speed.
Things take time..that's what they say in african countries where nothing ever works. I was waiting for the bus once..it took 5 hours. The answer I always got was "things take time. The bus comes when the bus comes"
Gee..wonder why nothing works here with that mentality.
According to the market. As you see now, people are losing interest in cryptos. Look at google trends, Look at the markets. People are leaving, giving up. Sure, that might be the wrong thing to do..but it has happened before that when a company or sector don't gain traction it just loses out even if they have a great product.
We need the space to be valued high in terms of money. People invest in this because of money, not the tech mostly. People do want to get rich and benefit. Thats what we all want. We want cryptos to take a huge market share from fiat currency, from stocks, from IPO's. We don't want it to go to slow and comply too much, ending up as a weirdo little brother of the regular market.
Even governments can issue and use blockchain. Doesn't matter. It's not the tech that is that interesting. It's the usecase. It's the adoption and the decentralized structure. To use it mainly as a centralized database is not where we want to end up. And there is a possibility that they are able to cap it.
I'm saying cryptos need speed and blow up. Like you say..people value speed. Exactly. People value things that happen fast. So we need this to happen fast.
No it doesn't need to happen fast. You are looking at the wrong metrics. Does Crypto gives you more speed and value? Yes. So it will be adopted that is a fact since it's better than Bank and saves people time.
Why do some youtubers have fake followers then, if not for the same reason - fast growth? If things doesn't need to happen fast, I suppose you wouldn't need to get fake followers? Because slow natural growth is better? And it possibly is..depends on the algos right? On Facebook, to buy followers is retarded as facebook distribute your posts randomly on your network. So when person 100-1500 who follow you are from some province in India sees your posts the chances of a person buying from you is literally zero.
So why are people still buying followers and likes and upvotes and hearts and god knows what? Because they understand that growth needs to happen fast. You need to blow up. You need exponential growth, or you become IRRELEVANT and dies slowly.
Unfortunately that happens sometimes when you gamble with different ways to try and manipulate the system. Things must be done correctly I agree with you on that. Steady does it..sure, to a certain degree.
But if you understand markets you also understand that it needs a certain momentum. Thats what competition is. If cryptos can't do it, something else will come along and take over.
Have you not wondered if Blockchain itself is Yahoo..what happens when Google comes along?
Who cares who comes a long. As long as they give more value to the end customer the better.
The very next upswing that interest will pour back with a vengeance. Mark my words.
It should not take decades. According to me! 😁 I'll put my **** on a block wrt that.
This is why:
https://steemit.com/cryptocurrencies/@bitbrain/bitcoin-price-predictions-chart-display-part-2-looking-at-the-past-good-news
https://steemit.com/cryptocurrency/@bitbrain/bitcoin-price-predictions-chart-display-part-3-the-s-curve-more-good-news
It will go much faster yes yes! 👀🎢