I first heard about Bitcoin all the way back in 2013. I was attending a conference on medical cannabinoid research when a well-informed friend told me about this new store of value. Back then I was younger (obviously), inexperienced and couldn’t quite grasp the potential of this new magical internet money. My mind was frazzled in an attempt to understand the idea of solving the double-spending problem. I couldn’t comprehend what the future would hold in store.
Six years on and I have grown. I have been following the news on blockchain technology and cryptocurrency for quite a while – for the last year or so I’ve had the pleasure of working in the crypto-sphere. Oy vey! the feeling of liberation! The transparency of it all!
The understanding of just how many industries can be disrupted by this technology still blows my tiny little mind. The privilege of educating myself and others on this potential has brought me tremendous joy – I am truly grateful. We are the early adopters. The mass adoption of blockchain now seems inevitable. It’s a beautiful feeling. Sure, I may be preaching to the choir here. Yes, many of us have spent the best part of a year bleeding – death by a thousand cuts you may say. Stay strong my brothers and sisters.
As Oscar Wilde once said: “A cynic is a man who knows the price of everything but the value of nothing.”
The current market is, in my opinion, absolutely removed from the actual value of blockchain-based projects in terms of current value and the future potential to transform the world as we know it. There may be a purge. In order to grow and fulfil its promise, it’s likely that we will witness the annihilation of many promising projects. This is the nature of evolution and the survival of the fittest. It is an organic progression and one that seems necessary after the dizzying heights of the ICO craze and hyper-valuation of cryptocurrencies.
My personal experience working in the financial industry truly hammered the point home – the current system is ineffective, intrusive and over-regulated. When it comes to the status quo, there simply aren’t enough hands to point all the fingers. All blessings to Satoshi Nakamoto and his/her/their vision and dedication. Times may seem tough, but the Kraken has been awoken. It is now a matter of ‘when’ and not ‘if’. My personal experience working in the crypto business has only cemented my views. Capitalism is a consistent set of cycles – boom to bust and back again, ad infinitum.
It’s important to take a step back at times like these. There is a bigger picture to admire and we are all part of it. To all of my rollercoaster-riders, hodl on tight. The future is bright; clear and cerulean as the summer sky. It is the winter now but storms do subside. The clouds will part. This too shall pass.
Give the power back to the people… I think we can learn to trust and be trusted. Until then, we can happily remain part of a trustless system. My gratitude to all of you is indescribable. Stay blessed; keep faith. We are making waves for future adopters to surf in. You know the real deal.