When it comes to the idea of mass adoption education is a multi-faceted tool for those who are uninterested in learning the depth of the technology who just sort of find the interest in the crypto market and in crypto assets. there is a hope that we can get the sort of mass adoption that so many in the industry hope for while still ensuring those levels of education sees so important.
I think mass adoption is not coming in the way most people saying, mass adoption is not people in the western developed nations using crypto to buy Starbucks because there's no need for that, that's not the primary market need. I think for me mass adoption is basically the opportunity of giving people a choice to have an alternative online currency that cannot be debased controlled censored and where you have a degree of transparency and predictability that is not currently on offer by traditional financial systems and there's a market of six billion people who desperately need that you know according to the latest statistics more than 50% of the world population now lives on the dictatorship or totalitarian regimes. They need this technology far more than the average westerners so for me mass adoption isn't your retail purchases with crypto because you can easily do that especially in the developed worlds with the tools we already have.
One Coin example is the best among the Ponzi Scheme with reported 15 Billion USD of Scammed globally out of those who didn't fundamentally know what a cryptocurrency was? what a blockchain is? what a distributed ledger actually looks like. So the key element behind being scammed is actually the lack of education. People need to learn about the criteria they need to evaluate before jumping in. Investment is something you do already by having a good understanding of the technology. And if you are not sure about that then you are not ready to invest.
The world desperately needs open financial products that can be accessed by the billion of peoples who are left out of the current financial system but when you go into these open financial products that also means is that all of the vetting and security needs to be done by the investors themselves. They need to be aware of what they're getting into and inevitably as you see in any immature market there will be people who take advantage and you will get these Ponzi and pyramid schemes emerging like One Coin and Bitconnect.