Hi all @project.hope members and even those beyond our community. I published my article to Steem Crypto Challenge #2, but skipped #1 and #3, so let me dive into the fourth theme, which is The Future of Cryptocurrency.
This challenge is sponsored by @steemitblog and it is an initiative announced in this article Steem Crypto Challenge Month #4 : The Future of Cryptocurrency. So let's dive straight into it!
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The mass adoption of crypto is far ahead. You can tell yourself whatever you want, but it is as it is. Unles you can pay with several different cryptos without even knowing you are using it, it is still a newborn path, not an experienced adult.
But what is the future of crypto? Is it to decentralize world? To bring value where it is not at this moment - making a trustless system without middleman? Yes, it is.
But people will need to feel and know the benefits of crypto. Is the benefit privacy? Or the above mentioned trustless of the system? Or extra profit from DeFi products? There might be anything, but the answer might be "a combination of all the benefits".
Let me talk a bit about the financial benefits of crypto. Those are in my eyes the real groundbraking and lifechanging ones. Some people will never understand decentralization, but they will understand, that when they put their 100 USD to the bank and have 1% interest p.a. which means, they have 1 extra dollar each year, it is not as good as having 10%-15% interest (so 10-15 extra USD) on some new DeFi product such as liquid staking. Or when the bank refuses to give them a loan, because of whatever reason, but in some lending crypto platform, they just simply double-click and they get it instantly.
Yes, the financial education of people MUST! improve as well, because there is nothing worse than seeing your money drowned by some kind of scam or "not finding" your private keys.
Decentralized finances are the future of crypto and the reason of the next big mass adoption. The exclusive financial product available for everyone without a difference, provided without an intermediary! Preserving your capital from inflation, lending capital for your business without asking several quiestions. This is the future.
The brightest future goal of many should be, in my eyes, a passive income. That passive income, which can never be stolen from you by any bank or government. The one, which you will benefit from your crypto. From the crypto you bought today and which will work for you.
What is the best to do in crypto then? I have 3 words, which needs to do everyone to do "the best". Those words are educate, educate, educate!
Without education, one couldn´t reach own personal financial freedom. The financial freedom, which is brought to us by cryptocurrencies!
Few people are still yet to realize and understand the bright future crypto have ahead
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The majority will (in my eyes) not understand it clearly at all. Those who are engaged more and more will have a big advantage I guess. The bad thing is there is still a lot of scammers so some people are losing their faith.
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@tipu curate
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Upvoted 👌 (Mana: 2/6) Passive income || Compare APR
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The future in ctyptos is very bright And I bet when it is massively adopted in countries like India, that is going to create matrices very positive opinion, because the possibilities are great.I really see myself in a short time applying for loans for my business and earning interest with my cryptos.
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That is great, yes if the crypto will spread to India, Africa, south-east Asia, South America...that would be explosive!
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It's far ahead but it could be closer than expected. Integration of cryptocurrencies just need the right mentorship and guidance.
Alot of people need to find confidence in cryptocurrencies for it to be widely accepted as a common means of payment or exchange.
I believe that the future of cryptocurrencies is shining.
❤️❤️❤️❤️
Becky.
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That's true, but the user experience of crypto is still in its infancy. People don't want to use addresses such as 0fxsbrc932lvklsjdv3kvlsjdl3fspav34 and private keys, action keys, memo keys etc etc...they want just to "send money". Hope that the change will come soom, but I am optimist.
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This can be a whole platform unto itself. The subject matter that is of the future and potential of crypto
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