You’re literally reading this article from an electronic device with the help of the internet if you think the internet failed, read this line again.
A couple of years from now you’ll do all your transactions without a bank using Bitcoin and just laugh at how you used to trust banks with your money.
Nevertheless, the Internet did fail. It failed in accelerating immediate adoption – it took 15 years for NASDAQ to regain after the Dotcom [.com] bubble blast. Until 2010 the general public didn’t even carry smartphones and IoT was far away from the picture. 9 years later a lot has changed but one thing still prevails – the complexity of technology and lack of knowledge amongst its users.
Back in 1995 [4 years after World Wide Web was launched] Clifford Stoll, an American astronomer and the author of the Cuckoo’s Egg published an article namely “Why the Internet will fail” with the Newsweek.
“What the Internet hucksters won’t tell you is that the Internet is one big ocean of unedited data, without any pretense of completeness. Lacking editors, reviewers or critics, the Internet has become a wasteland of unfiltered data. You don’t know what to ignore and what’s worth reading. “
He said this, and we all let him. Only because back in the day it sounded pretty smart and sane for someone to go against a technical revolution and calling it a wasteland just trended well with Baba o’Riley.
Not just this, he even said that:
“Then there’s cyberbusiness. We’re promised instant catalog shopping–just point and click for great deals. We’ll order airline tickets over the network, make restaurant reservations and negotiate sales contracts. Stores will become obsolete. So how come my local mall does more business in an afternoon than the entire Internet handles in a month?”
Today, Clifford would literally be a fortune teller if he said this statement in a positive tone and spoke about the potential internet had to disrupt our slow traditional lives.
Everything he stated we adopted years ago and now we can’t even imagine having to go to an agent to book airline tickets or not make restaurant reservations online without any hassle.
15 years after his article, in 2010 Clifford said:
“Of my many mistakes, flubs, and howlers, few have been as public as my 1995 howler.
The internet changed how we looked at our lives, how we worked, ate, slept, shopped or even fell in love.
But this is today, 28 years after the internet was made.
Bitcoin is 10, can you think what all it can do in the next 18 years? Or maybe in the next 5?
But sadly, it will fail us [Sorry Bitcoin maximalists]. It will fail us because we as the community failed it first.
Because of the technical barriers we currently face, Bitcoin and other cryptocurrencies can’t scale while being decentralized at the same time.
What Google did to the internet is what we as a community need to do for Bitcoin.
It’s a joint effort. It’s going to be coated with rigorous explanations, detailed technicality, and extremely rigid regulations.
The high volatility, price manipulation, and low volumes will decrease gradually with higher adoption. But while the tech side of the space spends time on making crypto user-friendly. Us, as the not-so-active on the tech side community, we really need to educate people on why they need cryptocurrencies for financial sovereignty and how fiat is not what they think it is.
The internet failed in accelerating higher adoption quickly because of its complexity, once the easy-to-use products jumped in, the market was all over it. On the other hand, the cryptospace is not about easy-to-use products, it’s not about the convenience, it’s about the peer-to-peer exchange of money. It about decentralization. It’s about financial sovereignty and on top of all, it’s about accelerating WEB 3.0.
If you’re a Bitcoin maximalist or a crypto enthusiast, make sure you educate at least one person a day about what Bitcoin and blockchain is! This doesn’t really have to be a Twitter rant, it can be as small and still as significant as having a crypto conversation with your daily vendor or checking up on the SME who provides furniture at your workspace.
As a community, this is the only way we have to accelerate growth. By telling people why we need it and not what makes it work.
It is the only way to not fail the technology we place our trust in. It’s the path to being sovereign.
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