https://e11.io - we will help crypto go mainstream with projects like CryptoWars, a mobile strategic game on the blockchain, meant to be played by everyone - introducing crypto concepts to the world.
I think we should talk. I will send you a PM.
it's complicated and confusing.
HUGE learning curve.
most people are stupid.
True, but overcoming those aspects alone is not sufficient for cracking the nut of mass adoption.
I've always considered myself as somewhat of a techie, and I had a hard time figuring cryptocurrency at first. When they make it easy to use crypto, like with a credit card, without knowing or caring what's going on in the background, then people will use.
Not just easy, but we need that the masses will not even know they are using crypto or a decentralized ledger.
The masses do not given a shit about the motor inside their car. They only care that the car runs. They are interested in the benefit of the car.
Patience, it's getting there. As it grows it will become easier to use and more accessible. With this it will grow quicker. You're looking at a ball that's just started rolling.
Not really.
The critical mass though has been attained at the level of fundraising and network effects in the development ecosystem, yet I do not think we yet have any projects that truly understand mass adoption. No projects I know of have any viable plan for mass adoption (just a lot of naive BS).
I don't get what's holding us back. Every time I talk about crypto with a family member or someone at work their eyes glaze over.
I feel like I'm the weirdo talking about klingon mating rituals!
Which makes me wonder - why are we still on the fringe? What could we do to take blockchain technology and make it accessible for everyone?
Anyway, that's my rant for today...
What do you think?
The problem is there is no compelling use case.
The masses do not share your ideological reasons. They need some actual benefit that entices them.
In short, no one has presented a killer app yet.
I will launch something soon to try to experiment with finding the killer app.
I can’t state the name yet. Too preliminary.
People need to understand blockchain as a revolutionising technology which is very likely to disrupt our established money system.
Disagree. We will never get mass adoption if you expect the masses to want lawlessness and anarchy. The masses do not care about your ideological fetish.
It's rather simple: People in the western world don't need an alternative to their fiat currencies in daily life. When would you need bitcoin as a member of a 1st world country in your daily endeavors? Pretty much never.
Bingo. Correct.
In the leading countries the people have enough income to provide for their needs. Why would they look for something new?
They’re always looking for something new online. But silly Bitcoin doesn’t offer any benefit they find interesting.
Our job is to apply decentralized ledgers to things they find interesting in clever paradigm-shifts that grab their interest and cause them to spend their time online in our apps.
Just wait for the steve jobs of crypto to come and tell people how awesome it is. They will eventually fall in love with it just like they did with apple products. Perhaps you are not "selling" crypto the right way to your family and friends.
That could possibly be me. Actually I am connected to Steve Jobs through
my former boss who was recruited by Steve Jobs.
As a app developer, I think crypto can really benefit the app space in terms of payment systems.
Yes but not in the way you may be thinking. The key is that the app must be designed such that the payment could only be done with a decentralized ledger. This is where we invert the
argument against ChangeTip inside-out and show that subscriptions are not ideal and nanotransactions are more ideal for some models of gamification.
Think about it this way. Would you like to have 10,000 subscriptions? How could you manage that cognitive load?
But it’s not also sufficient to state “nanotransactions” as some magic bullet. There must be compelling gamefication that drives an app ecosystem from a profit perspective.
Some projects that I am currently following that in corporate in-app crypto are:
OpenMoney,
Kin.
Lolz. Did you also invest in Pets.com?
As an app developer who has been wanting to incorporate allow acceptance of crypto into our apps,
Kin and
OpenMoney are both interesting to me - in particular Open Money is solving a problem that's been an issue for us for years. I think overall we are headed in the right direction.
Lolz. What came first, the hen or the egg?
“Build it and they will come” even though no one has OpenMoney tokens and nobody will buy them. Brilliant.
…they'd rather spend their time over meaningless things like Facebook
Meaningless? Are you sure. Is your bias rational?
Whats holding us back is its TOO FKING HARD TO BUY!!
They shouldn’t have to buy it. Investors should buy it. They should receive it for participating. Study the example of how Ford Motor company kickstarted the US industrial economy by paying his workers enough to buy cars.
ICO's are going mainstream, but cryptos themselves aren't needed much in the 1st world countries (yet) except for digital gold (bitcoin).
Thus crypto is only about selling empty speculation bags to greater fools, which will produce no real world adoption?
What is
the future of ICOs?
