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April 13, 2018, 08:41:57 AM |
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For almost the last ten years we got blockchain, we got bitcoin. And yet not many people are wondering, why didn't any country adopt the blockchain yet?
We all saw articles and statements by governments regarding this but no actual or practical steps for it. The blockchain is a huge fresh technology but yet not selling one, at least not to the official parties. Most of us believe that sooner or later the revolution will hit and will hit hard. But again I want to ask why such a fantastic and game-changing technology hasn't adopted yet for ten years. Well, no one can give an accurate and right answer it might be because everything that happened or not happened. I mean if Bitcoin would exist before the economic crisis, the thing could be different. Who knows? Even a World War can change the Bitcoin from end to end. We already saw many huge inflations in different countries such as Greece, Zimbabwe, Iran and etc.
And their first instinct is to purchase USD because it's stable for now and will keep the value of their wealth, such a rush making the whole currency fall.
Bitcoin can be escaping solution for anyone who is looking for a safe wealth value and be able to go to anywhere in the world. Regardless the fact if you are living in the United States with a better economic or Zimbabwe with worse economic, you both eventually will hold Bitcoin and your value wealth will be equally calculated. Of course, the fact that some countries are rich and poor and the salaries look completely different but the value wealth is still the same.
A lot of sayings regarding the slow progress of the blockchain, but the fact is that the technology hasn't improved much at least not for mass adoption by the public or countries. The blockchain is based on mathematics and after all, just like the internet which is decentralized, has advantages and disadvantages. It requires a lot of improvement, memory cards went from a few MBs to plenty of GBs and the number just keeps growing. But the question is if blockchain can keep growing and expand itself to useful levels. We don't know what we don't know, and blockchain may have it own limits that we will face only in the future; the probability is low. But it only requires one big obstacle to pop up and prevent from mass adoption and then it will obviously not be deleted completely and other solutions such as different but similar with same vision technologies will pop up. But will the ten years be a waste of time?
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