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Holidays are upon us, and so are the annoying questions that our relatives pose on the trend problems. While our loved ones understand well, if they can not understand "The Facebook"They must be equally perplexed about more cutting-edge technologies like Blockchain.
Many people still have trouble figuring out exactly what this is, and they are powered by rumors or Reddit discussions. Thus, people often made purchasing decisions during the 2017-8 ICO mania based solely on fear of losing.
A lot of platforms and companies are trying to help people get on the blockchain wagon easily, making them less scared by the whole phenomenon. This includes Coinbase providing us with a simple interface or Binance allowing everyone to exchange a large selection of coins and fiat (albeit with much more complexity).
But this does not help the long tail population, as your uncle might not get that "blockchain" and "Bitcoin"They are not the same thing
"Bitcoin has been widely reported in the media, and many people have heard it has something to do with something called blockchain.Unfortunately, if you think of blockchain just like the technology behind bitcoin, it's easy to lose its potential," says Georg. Greve, president of the blockchain-based company Vereign. "If people are a bit aware of the blockchain, many think it's just an inefficient distributed database."
Powerful even if digital currencies may be, the potential for blockchain technologies goes far beyond Bitcoin and its peers. Probably your friends and relatives do not understand that if they liquidate all the blockchain because digital resources are not suitable for them, they are ignoring a series of technological advances due to application.
It is understandable, however, given that the cryptography market is volatile and has caused many people to lose their investments (and worse), but the general framework of basic technology should not be ignored.
Putting all this into words and explaining some of the daily use cases of blockchain can help here.
Vitalik Buterin, founder of the popular and widely used Ethereum blockchain, is often quoted as saying "While most technologies tend to automate workers on the outskirts by doing humble tasks, blockchains automate the center." Instead of putting the taxi driver out of a job, Blockchain puts Uber out of a job and allows drivers to work directly with the customer. "
This is a great example that all table users can understand, and you may even have some Uber drivers in your clan that can intimately relate to each other.
Blockchain newbies should imagine how the elections will be when there is a clear way to vote that is not editable and is not vulnerable to hacks. How different would our world be if the vote were fair and secure for everyone? How much could the political landscape be clearer?
Although cryptocurrencies are just one aspect of the blockchain, they still play an important role in the decentralization movement, especially because they feed miners who run many blockchain projects.
With the recent market downturn, many people, particularly sadly misinformed people, have made radical statements about the end of the encrypted market that are totally unfounded. This pessimism also lacks the change in the status quo already reached by cryptocurrencies.
Charles Hoskinson, founder of Cardano, a science-based open source blockchain, simply put it on Twitter: "The headlines and carnival barking by the media on the current status of Bitcoin and recent losses show that they never got our movement. $ 150 billion worth they have been freed from the banking system and now exist in a parallel economy.Our growth remains unchallenged. "
If cryptocurrencies only concern personal investment opportunities, then altcoin supporters might have a leg to rely on – for the time being. But it started as a way for people to gain independence from big banks that take advantage of their customers by offering little value in return, and this benefit remains and is strengthened every day.
Then you have those who think they know a thing or two about the blockchain, and hopefully that the blockchain is "the future" and that everything it will be "on the blockchain". And you can not really blame them for thinking, when a lot of blockchain businesses seem to imply just that.
So maybe there is a positive side for blockchain going a bit beyond the heads of the masses right now. Imagine that Aunt Florence is calling you, asking "Jimmy, how do I get Fluffy's prescription for the heart from the blockchain?" I thought it was the e-mail, from the vet, but it was not. "
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Santa Claus greeting on the roofGetty
Holidays are upon us, and so are the annoying questions that our relatives pose on the trend problems. While our loved ones mean well, if they can not understand "The Facebook", they must be equally perplexed about more cutting-edge technologies like Blockchain.
Many people still have trouble understanding what this whole thing is, and they are fueled by Reddit voices or discussions. Thus, people often made purchasing decisions during the 2017-8 ICO mania based solely on fear of losing.
A lot of platforms and companies are trying to help people get on the blockchain wagon easily, making them less scared by the whole phenomenon. This includes Coinbase providing us with a simple interface, or Binance that allows everyone to exchange a large selection of coins and fiat (albeit with much more complexity).
But this does not help the long-tailed population, as your uncle might not get that "blockchain" and "Bitcoin" are not the same thing.
"Bitcoin has been widely reported in the media, and many people have heard it has something to do with something called blockchain.Unfortunately, if you think of blockchain just like the technology behind bitcoin, it's easy to lose its potential," says Georg. Greve, president of the blockchain-based company Vereign. "If people are a bit aware of the blockchain, many think it's just an inefficient distributed database."
Powerful even if digital currencies may be, the potential for blockchain technologies goes far beyond Bitcoin and its peers. Probably your friends and relatives do not understand that if they liquidate all the blockchain because digital resources are not suitable for them, they are ignoring a series of technological advances due to application.
It is understandable, however, given that the cryptography market is volatile and has caused many people to lose their investments (and worse), but the general framework of basic technology should not be ignored.
Putting all this into words and explaining some of the daily use cases of blockchain can help here.
Vitalik Buterin, founder of the popular and widely used Ethereum blockchain, is often quoted as saying "While most technologies tend to automate workers on the outskirts by doing humble tasks, blockchains automate the center." Instead of putting the taxi driver out of a job, Blockchain puts Uber out of a job and leaves that taxi drivers work directly with the customer. "
This is a great example that all table users can understand, and you may even have some Uber drivers in your clan that can intimately relate to each other.
Blockchain newbies should imagine how the elections will be when there is a clear way to vote that is not editable and is not vulnerable to hacks. How different would our world be if the vote were fair and secure for everyone? How much could the political landscape be clearer?
Although cryptocurrencies are just one aspect of the blockchain, they still play an important role in the decentralization movement, especially because they feed miners who run many blockchain projects.
With the recent market downturn, many people, particularly sadly misinformed people, have made radical statements about the end of the encrypted market that are totally unfounded. This pessimism also lacks the change in the status quo already reached by cryptocurrencies.
Charles Hoskinson, founder of Cardano, a science-based open source blockchain, simply put it on Twitter: "The headlines and carnival barking by the media on the current status of Bitcoin and recent losses show that they never got our movement. $ 150 billion worth they have been freed from the banking system and now exist in a parallel economy.Our growth remains unchallenged. "
If cryptocurrencies only concern personal investment opportunities, then altcoin supporters might have a leg to rely on – for the time being. But it started as a way for people to gain independence from big banks that take advantage of their customers by offering little value in return, and this benefit remains and is strengthened every day.
Then you have those who think they know a thing or two about the blockchain, and hopefully that the blockchain is "the future" and that everything it will be "on the blockchain". And you can not really blame them for thinking, when a lot of blockchain businesses seem to imply just that.
So maybe there is a positive side for blockchain going a bit beyond the heads of the masses right now. Imagine that Aunt Florence is calling you, asking "Jimmy, how do I get Fluffy's prescription for the heart from the blockchain?" I thought it was the e-mail, from the vet, but it was not. "
