Today's cryptocurrency "experts" are ready to become tomorrow's consultants?


Cryptocurrency is often described as a solution in search of a problem. How many self-proclaimed experts have an understanding of the problem, who does it apply to and how to connect it to the solution? How many will continue to become wild successes and how many will see the work of their life become useless?

The days of the "crypt" of the "Wild West" have created a "do-it-yourself" professional education environment

The blockchain revolution has brought us somewhere new. While many of its elements have been around for some time, including cryptography, distributed technology, web apps, payment systems and money, its unique combination has led to a field of expertise completely new. While a variety of blockchain courses have sprung up in universities, most of the current knowledge on the emerging topic has come to the old way: reading, doing and talking with others on the ground over the past few years. While self-taught through personal experience is the best type of expert, this lack of concentration has led to a lot of "cryptography experts" without any consistency of experience. What exactly does the average cryptographic expert know? Theory? Economy? Business applications? Day of negotiation? Twitter in the war? The answer could be very different from person to person, all under the same emerging label.

Most of the knowledge and education supports current demands of the speculative and insular market

The institutionalized education focuses on providing a complete picture of a given topic, but tends to be much unresponsive to requests and changes in the market. The emerging and self-taught education, on the other hand, tends to respond very much to market demands, since it does not provide any established certification or pedigree, and therefore must justify its existence based on utility. Current economy. This ends up being a bit of a curse for many aspiring cryptographers in the current market climate. Right now, the world of cryptocurrency is relatively insular and autonomous, with the most successful companies providing assistance to current users and fans, and much value created based on speculation rather than current use. This leads to the knowledge that pays by responding to the current speculative environment and has no relation to the skills that will be required once the cryptocurrency is effectively used for the intended purpose in commerce. The demands of the market can change in the blink of an eye and the skills of the gurus can become useless as a university degree, only without the piece of paper hanging on the wall (and possibly without the debt, even though many have acquired their accumulation of digital tokens through fiscally irresponsible methods).

So much "experience" is actually useless because it has not been tested

Now let's look at how useful some of these skills are. The average cryptocurrency expert may have experience of daily trading on exchanges with Bitcoin as a basic pair, which could become completely different once the markets cease to be entirely speculative, and if one day Bitcoin will become the "gold standard" "of crypto no more. They might know all the latest intelligent contract platforms and how they work, but they have no idea how to run a smart contract, apply it to a real-world use case, or ensure it's convenient or efficient. They may know the details of "private currencies" but have no idea how to preserve consumer privacy through use, identify private acquisition methods, or create a practical privacy approach that includes a "user experience" supreme and scalability without compromising its main offer.

Even solid skills such as development and marketing can be rendered useless if applied to market conditions that no longer exist. The development of an elegantly functioning cryptocurrency can lose value if the final product has certain advantages that do not directly affect consumers and intrinsic limitations that prevent them from being used efficiently for the most economically viable applications. Create a solution for merchants that works well with current users used for QR codes, long addresses and understand what confirmations can be failed with consumers requiring tap-and-pay NFC, instant transaction experiences and who might want a solution that does not require the use of their smartphone. Marketers accustomed to hitting wealthy youngsters, technology experts, crypto-anarchists and cogerpunks can strive to get their product used by a surprise demographic public as middle-aged and non-technical women in developing countries. The fact is that we can not know exactly what skills will be useful in a practical market until a request arises.

When the crypt leaves behind "plaything" status, the resulting market rush will be brutal and relentless

Criptovaluta is still in self-justification mode. At the moment, it exists to a large extent to exist, and most of the industry is built around learning what it can do, trying to figure out how it can be applied to the real world and making money with people willing to do supposition to the first Two. When the first two questions begin to be answered and expand into the global economy, everything else will be in focus. Fast. Today's cryptic expert may become useless tomorrow, while a new crop of scholars rises to replace them.

Be careful when you rely on today's blockchain gurus. They could sell you snake oil without even knowing it or wanting it.

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