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Tay Zonday
@tayzonday
I find it vital to distinguish blockchain technology from cryptocurrency in defining the onboarding problem and its solutions. Cryptocurrency is a referential perspective on a subset of blockchain transactions, but blockchain technology deserves more than being under-imagined as a fiat replacement. It’s a centralized-data power and authority replacement that can go in utopian and apocalyptic directions. Many human pain points can be related to fiat being an inaccurate and manipulated value ledger— but telling a consumer they’re harmed by fractional reserve banking and other fiat theatrics is like telling a fish the water is dirty. What else is the fish supposed to dream of? The fish must believe there’s a continent it can evolve for and learn to walk on. Humans living as derivatives of centralized data must believe that owning their data, from currency to social media to healthcare to the car they drive— is a continent worth evolving for and learning to walk on.
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meta-david đź’Ą| Building Scoop3
@metadavid
This is actually what I've been telling normies too. Cryptocurrency is just one use case of blockchain technology. It's kind of like saying Internet is just email. The Internet can do many things, email is just one of them. I think we spend too much time evangelizing cryptocurrency, and that's a difficult value proposition, especially in countries where they have stable fiat. In their eyes, the system isn't materially broken enough to change it. But I think in those countries, they'd find value in ownership of their medical records where they can easily transfer from hospital to hospital, being able to truly own music you own and use any audio player, etc. It's basic marketing 101 -- segment the market and have a plan to address each of them. Just wielding cryptocurrency as the answer to everything isn't the way.
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