The Crypto Naysayers Versus The Brightest Minds In The World
We hear a lot of FUD about cryptocurrency and even blockchain. This is something that we have to be very careful about. Even when they are right, which they are at time, we have to keep things in context.
In this video I discuss how blockchain and cryptocurrency are evolutionary. So, while there might be issues now, some of the brightest minds from around the world are working on some of these problems. Hence, what is being bantered about is nothing more than a snapshot in time. Fast forward 5 years and things will be totally different.
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Ha! I can't believe I'm seeing this five minutes after I just finally went off on reddit because I offered a solution (cryptocurrency/blockchain/decentralization/DAOs) for a problem people complain about, and I got those stupid little downvotes. It's so frustrating! These small-minded people just want to sit there and repeat the stupidest low hanging fruit on a subject they know absolutely NOTHING about. It's so frustrating how the media portrays cryptocurrency as Doge and gEt rIcH durrr and people just feed right into it and laugh at it and I'm sitting here like you fucking idiots. Get a grip. There is a whole world you have no clue about while you sit here complaining your faces off. Either that.... or there are people out there deliberately making crypto look stupid on the internet downvoting posts and comments and making their stupid bulleted lists:
I'm smart with my bullet list 😵🤪 in order to try to sabotage it and stop people from actually seeing that there are solutions to all these problems. They always sound like the same exact damn person too I swear to God.
Many of the same problems were levied against the original internet protocols. While that omitted commerce, for a couple reasons, it did bring about something that was massive change.
We also saw something similar with personal computers. Look up Osbourne portable computers. They were from the early 1980s and weighed about 50 pounds. Reviews were nobody would ever use a "laptop".
The reality is that most of our global economy will likely be on blockchain in 30-50 years. This is something that is going to take a while to build. However, when look at some of the projects being developed, it is tackling major issues.
And there are a shitload of smart people involved with this.
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There is still much to improve both in Cryptocurrencies and in the different blockchains. I also think that the future that awaits us will be supremely great if we continue this evolutionary path of recent years.
Things change fast and nobody really expects them to. Crypto was fairly small in the beginning and it was a hassle to buy it. However, now it's much easier and there are alternatives to using crypto to pay for stuff using debit cards or gift cards.
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Is it me or is the vid broken?
Regarding the 5 year time span, just over the last year things have developed and are way different so yeah, over a longer term this will only be greater and the acceleration is not linear. What is your view on the influence of bear markets on the speed of development, do the developers not give a f and just keep doing what they do or will they/part of them lose motivation and slow down or drop out altogether?
Sorry if this point was addressed in the vid as I couldn't watch it
Summary:
In this video, Task talks about the evolution, growth, and expansion of blockchain and cryptocurrency technologies, drawing parallels to the early days of the internet. He addresses the skeptics and naysayers of blockchain and cryptocurrency, highlighting that just as there were doubts about the internet's potential, similar doubts exist today. Task emphasizes that while there are challenges and limitations in the current state of blockchain and cryptocurrency, there is ongoing development and progress being made by bright minds globally to address these issues. He underlines the importance of looking at the broader picture and the continuous advancement in these technologies over time.
Detailed Article:
Task's discussion revolves around the transformative potential of blockchain and cryptocurrency technologies, comparing their current stage to the early days of the internet. He points out the exponential growth of the internet and how it has become an integral part of society, drawing a parallel to blockchain's potential to revolutionize various industries in the future.
The video delves into the skepticism surrounding blockchain and cryptocurrency, with Task acknowledging the existence of challenges and criticisms. He argues that it's crucial to view these technologies' progress over the long term, highlighting that constant development and innovation are key factors in overcoming current limitations.
One key point he raises is the role of bright minds globally in tackling the challenges of blockchain and cryptocurrency. Task emphasizes that the industry benefits from diverse perspectives and continuous problem-solving efforts, similar to how solutions were found for e-commerce challenges in the early days of the internet.
The discussion touches on the distinct realms of blockchain and cryptocurrency, clarifying that while cryptocurrency is built on blockchain, the latter has a broader range of applications beyond finance. Task mentions the potential for blockchain to revolutionize various sectors and the ongoing efforts to explore its capabilities beyond just digital currencies.
Additionally, Task counters the critics of blockchain and cryptocurrency by highlighting past technological advancements that were initially met with skepticism, such as reusable rockets and satellite internet. He stresses the importance of not underestimating the potential for innovation and the persistence of individuals and teams working to solve complex problems in the industry.
In conclusion, Task encourages viewers to consider the relentless pursuit of progress and problem-solving by experts in the field. He emphasizes the dynamic nature of technological advancements and the need to look beyond current criticisms to envision a future where blockchain and cryptocurrency play significant roles in shaping industries and societies globally.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.