RE: Challenge #4: The future of cryptocurrencies - More real-life applications coming, the road to mass adoption
It's a great start, telling everyone that Bitcoin is not a Ponzi Scheme, it's the Money of the People, that everyone should own some.
This is great that more and more people are realizing that Bitcoin is not a Ponzi scheme. However, it is extremely important that people understand and appreciate the underlying technology.
For example, people will ride on the FOMO curve once the bull market picks pace. At some point, we will see the markets taking a hit. Currently, when this happens, there is a panic sell-off.
If the majority of people understand the potential of the underlying technology i.e. blockchain, only then will we see the movement towards mass adoption of cryptocurrencies.
Unless there is a potential flaw in the network, we should not see such massive sell-offs. This can be done only by educating people about the crypto world. This is exactly why steemit is a great platform for people to learn more about blockchain using the wealth of knowledge already present over here.
Thank you. Steem on!
Thank you. It’s inspiring. However, i have a different opinion. I think we cannot control the market volatility and it’s not practical to let everyone know about the underlying technology, which is blockchain.
It’s the same that now everyone on Earth is using the internet, but they may not know well about the tech behind such as HTTP, TCP, and they don’t need to. They just need to learn how to use it.
But I am happy to see more and more people wanting to know more about blockchain technology and other DLTs