My thoughts on crypto adoption?
Hmm there's a few things that need to happen. Obviously if government shifted their systems to work in a decentralised fashion then that would probably be all we need, however that's not likely to happen so suddenly.
For me, I believe that the old world and the new will exist alongside each other - decentralisation doesn't suit everyone in every location, and there's no reason that centralised/governed areas of society can't exist.
I believe over time we'll see services and platforms come up which merge with the current world and still use centralised entities. There are a few examples of this happening, Simply Vital Health and LivenPay are the two I know. They are still going to be governed by a central body but allow the power of Blockchain to exist.
The wild west of crypto where 100% transparency and 100% decentralisation is a massive change to how the world is right now and I don't think it's actually a good idea to jump to that, because people wouldn't know what the fuck to do with all the responsibility they have - we're very attuned to letting someone or something else handle our situation.
I think it'll be a slow process over the next 5 years, with useful marketplaces for the main-stream popping up around that 5 year mark - and after that we'll see people slowly transition their lives to decentralised platforms for the reason that it's simply just more valuable.
Most people struggle to understand it and therefore decide they don't want to know about it until they have to.
Agree 100%