A State of Change
We in the crypto space still face the tremendous challenge of convincing others in partaking. The boons of fast transactions and unhackable accounts are very attractive to us and we can all envision a future where simple operations will be even simpler and smoother.
But it’s hard to shake people out of their comfort and habitual practices. Yea the perks sounds great, but current platforms and website work well enough. We as a community need a much more personable, relatable approach to convincing the broader public of thinking on crypto.
So today, I paint scenarios that are so different and so attractive that they might just bring people out of the haze of today’s status quo. These are little “what ifs” that we can all begin to relate to.
Imagine if you had no loose change.
I know it feels fabulous to find a $5 bill in your about-to-be-washed jeans but that stats show that we lose a tremendous amount compared to those serendipitous moments. Besides the fact that we actually lose a ton of value in sheer loss, think of how ridiculous it is to get a fistful of coins from any cash purchase. How many of us actually lug our bucket of nickels and dimes to the local Coinstar? It is all just tremendously annoying and inefficient.
Digital currency has the potential to never be ‘lost’. In years past, people have taken crypto security less seriously. We’ve heard the stories of “lost Bitcoin” but that is a product of negligence rather than the nature of the tech. With secure wallets and digital transactions, you’ll never lose a cent again.
Identity fraud? What is that?
Try to imagine the full weight of underlying anxiety we internalize anytime we enter our Social Security numbers into a computer interface or reset our passwords (that undoubtedly have some element of our names or birthdays). Our information is increasingly more valuable and at risk - our bank accounts, our asset holdings, our medical records, our academic credentials, and so on - and the chance of having your identity ‘taken’ is a crime that will only expand.
Blockchain offers a myriad of new techniques that make accessing the information all the more difficult and altering such information virtually impossible. You are the key and you won’t have rely on your dog’s name to access your value again.
Milk doesn’t get more expensive
Remember back in the day when gas was $1 per gallon? Or milk half the price for a quart? The reason everything becomes more expensive every year is simple inflation that is completely under the government’s control. Every year, your money loses a chunk of its value and spending power.
Many cryptocurrencies program the inflation into their currency so that yes, products might rise in value, but the value of your token will rise as well and account for the newly minted/mined currencies in the ecosystem.
Do you have any other scenarios you use to persuade people that there is in fact a better way? I’m curious to hear your thoughts below!
