Something Different In the Air
Do you notice something different in the crypto world over the past few months? Maybe it is the collective feeling of hundreds of thousands of enthusiasts (veterans and noobs alike) weathering one of the sharpest and longest relative downturns in the crypto ecosystem's young lifespan.
I wonder if a critical mass of people in this space still maintain the radical political (cypherpunk) attitudes that bootstrapped this technology onto mainstream consciousness in a process extending back decades. Slowly the everyday guy, the politically agnostic, entered the space. First it was lambo and moonshot memes. Then the smiles became tense as prices stagnated and everyday life whirred on. The ecosystem and market feels like it's just treading water.
In my more pessimistic days I wonder if the developers have not been wildly outnumbered by professional speculators and casual profit seekers. On my optimistic days I value the work being done by hard working passionate people to build the next wave of technological innovations to make our user experience soo much better. I take comfort in a growing understanding of how cryptoassets really work - their natural impact on the human mind is to raise questions: why do these bank transfers take three days? why do I need to give my passport and fingerprint to exchange government currencies? The answers to these questions are acceptable to many and unacceptable to a few. The few change the world.
I have been devoting more time recently to BitShares Committee ideas. I take this position very seriously because I believe BitShares holds a light for economic freedom. Currently I'm in a lot of healthy discussions about how to improve the stability of BitShares collateralized assets. There are many attempts at stable coins on the market now. But make no mistake, the solution most appropriate for the crypto ecosystem will come about organically. By hundreds of people dedicated hours and swapping ideas. It will not come from a board room and a venture capital seed funding round.
I want to thank @ronaldoavelino; @clockwork; and @officialfuzzy for their great contributions. You all motivate me everyday to stay on the path. Thank you.
JohnR
You got 94.80% upvote from Yensesa. Thank you for your continues support of Yensesa Exchange and being a member of Yensesa Residual Income
Indeed,
Last four days we are seeing a big crash of bitcoin fall as $1100, after the four days we see some market green because the day 1 in the fourth day is going green, as the great fall of bitcoin on 4 September BTC fall $7402 to $6683, the next day repeat the same pattern as some time take resistance again fall to $6258.
Nice writing and thoughts John, glad to see you are so committed and my personal appreciation for your efforts towards BitShares community.
personally I think we are about $1000 away from the bottom of this correction. the last major correction lasted about 14 months, eventually the regulatory landscape will change and the big players like apple and google will get into the fray. whether this will be a good or bad thin is yet to be seen. especially since priate chains likely wont be traded.
@john-robert we should reach out to companies and create a rewards points/giftcard crypto, such a platform would have major uses in helping companies advertise because customers could trade rewards or giftcard balances between each other.
My friend, I like your ideas and I trust them. That is why I try to help, as I can. You have a brilliant future!