I must confess, I don’t understand a lot of things. When we have to face things we don’t get, the most common sentiment is fear. Fear of the unknown, of the possibility of losing, of getting hurt. It’s in our human nature, in our genes.
There are a lot of things I don’t get, like quantum mechanics. I love it, but I don’t know how the hell it can work. Or the mathematical demonstration of the 13th dimension. Amazing, but way above my capacity. There are a lot of things I don’t get, but I do
Blockchain is hard to understand. There’s a lot of info, but it’s not structured, not easy to swallow. It’s a sum of complexities (financial, macroeconomics, technological, social, …). I was lucky to find people that took patience to teach me (I’ll always be in debt with Bitbcn and Belobaba!).
For most people, the normal thing is not to understand anything. Imagine being a generic journalist that has a couple of hours to write a piece about crypto… a sure disaster. But they should try it with a little more
When all the media takes Bill Gates words “I don’t own crypto, I like investing in things that have valuable output“, they forget to mention that Microsoft has bought Activision for $68.7 Billion as an approach to the Metaverse. Let their acts talk. They know what they are doing, what they don’t want, is that you join it. Microsoft is well known for monopolistic aggressive actions. Do you really think he will let you share his business? He doesn’t like to share pieces of his cake. Mr. Gates should show to gamers a little more
And here is one of the keys of this new paradigm. Web3 means sharing profits between users, creators, developers and investors. Gaming will be one of the main industries to be transformed with “play to earn”.
In 2009 Facebook changed the way we entered the web, and a lot of content creation companies changed their business model to Facebook requirements, investing millions in video editions, sets, … Some years later Facebook decided to change the distribution policy, not giving to contributors any of the profits and the majority of those companies broke down. And now Facebook it’s called Meta as he is trying to control what’s coming next, the Metaverse.
A lot of people don’t understand that blockchain brings a recipe to solve this problem.
The Head Of Instagram said this week: I want to use Web3 to shift power from tech platforms to content creators.
Just compare the take rate from the most important NFT platform called Open Sea with other classic platforms:
Only for this, blockchain should have
I’m sure you heard that crypto has no value, it’s a Ponzi scheme, only for “crypto bros” and youth (despective) that wants to get easy money without working. Let me share some of the last feeds to see if we agree blockchain deserves more
Jack Dorsey, founder of Twitter (290.5 million monthly active users worldwide) changed his profile from founder of Twitter to a simple Bitcoin.
This week, Andreessen Horowitz raised a $4.5 billion crypto fund. And the billionaire Ray Dalio, although it’s known for his opinion against crypto, said that he owns Bitcoin (and said “cash is trash” 😉 ). When Stripe, one of the biggest companies in retail payment systems (+3 million online merchants) offers now instantly convert sales into Bitcoin, we should have some
JP MORGAN said this week: “We replace real estate with digital assets as our preferred alternative asset class”.
Mastercard CEO, Michael Miebach, said that the famous SWIFT will pass out in 5 years because of blockchain. He also said that Bitcoin mass adoption will happen sooner rather than later.
In the Davos Economic Forum, crypto was one of the main topics. CDBC (governments versions of crypto) was in the trend. Projects like Circle (the make the USDC stable coins) or Polkadot where also there, as part of the forums and discussions, and also with giant ads like this one.
Also in Davos, the VP of the European Parliament Eva Kaili, said that we need to regulate and understand the role of Defi (decentralized finance).
François Villereoy, governor of the central French Bank said they don’t have to lose time to introduce CDBC.
Crypto is a 127 Million users ecosystem with thousands of brilliant developers, investors or economists working on it. Media talks about crypto like a single thing. It’s not. Terra/Luna has fallen (one of the biggest promises in this ecosystem), but the crypto universe is huge.
Projects like this:
As you can see, although the market situation is hard, all these projects have millions of owners, billions $ of market cap. and every day are transferring thousands of $ in crypto. All of them deserve some kind of
When you see the list of the 5 converging technologies that are changing everything,
- Blockchain Technology & Web3
- Artificial Intelligence
- Augmented Reality
- Virtual Reality
- Quantum Computing
and Blockchain is in the top, I think to myself
If you don’t understand what WEB3 means, how Bitcoin works, or the Blockchain technology, it’s ok. I don’t want to convince any wone about crypto. I just want to clarify that Blockchain is a technology we should show enough RESPECT to do DYOR (Do Your Own Research). This it’s been my base for learning. If this is also your case, share this article with any one who does not know anything about blockchain or crypto 😉
Yours in crypto