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RE: When Cryptocurrencies Become More Stable, Then We Will See More Mainstream Public Adoption

in #cryptocurrency8 years ago

Totally agree, speculation of a "hot new company" is the mindset mostly. It will take time to bring stability. Is it just more use = more stability? I see something real-world needed, some backing, to give it something real for value correlation, not simply speculation.

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Oddly enough, I think Steem/Steemit is uniquely positioned to help that kind of movement... a whole layer of "black box" stuff was removed when a broader audience could get included through something as simple as blogging/content creation. Also, the whole complex "5tw87Xty523dXpt544wW467" thing was replaced with something as easy as @krnel for transactions... may not seem like much to you or I, but for the average user that's HUGE. In the early days of the web a large reason why AOL kicked Compuserve's ass to the kerb was that I could be "Denmarkguy" rather than "5462.231.78092." So usability is going to be super important going forward.

The other thing I perceive is to not allow cryptos' love affair with decentralization to throw the "centralized structure" baby out with the bathwater. Decentralization is a nifty idea for the new economy, but excessive fragmentation is a usability nightmare, in terms of everyday application and implementation. So we must be open to the positive aspects of centralized organization.

Let's use the allegory of farming. We don't like "corporate" farming and vegetables at WalMart (centralized structures) so we're creating an alternative. So we're independent small farmers (decentralized), but in terms bringing our produce to the greater world (broader audience), it makes much more sense to have something like a Farmer's Market (pseudo-centralized framework) where everyone can bring their goods to ONE place... because nobody in the real world drives to 17 farms to shop for dinner!

So bringing this back to Steemit (taking the liberty of assuming we're the leading edge of the trend), it's great that all these new apps are being developed for the Steem blockchain, and it's great that they are independent, created in 17 basements around the globe (decentralized) but we really need to look into the reality that they (or many of them) somehow need to launch or run from inside the Steemit interface (the "Farmer's Market") or I just don't see widespread adoption of this great concept/revolution we're part of. "Average users" don't want to run 17 apps to make this show work... they'll just stay with Facebook...

Of course, that's just my unskilled opinion... I'm a usability and human factors dude, not a developer or crypto enthusiast. My point being, the product (cryptos) can't just be "revolutionary," it also has to be "attractive and easy to use" for the next generation of adopters... and Steemit/Steem holds some of the major keys to making that a reality.

Yup, eBay, kijiji, Amazon, provide a market to share products, and Facebook does it with info. The one-stop centralized market hub is something I have never been against. People want the one-click access. It makes things easier for connectivity. WeChat has taken over China in being integrated into everything. It has negative aspects of control, but if multiple apps can use a central data center, like a blockchain, then it's less of a negative hehe, while still using a central hub to market their stuff to people. Having 50 places to get get stuff is what makes Steemit hard to understand for newcomers. Data isn't centralized to access.