So I wrote my first crypto book after being in the space for 5 years and for the last year full-time into decentralized applications using moderately complex smart contracts. When I spoke with people,who were not crypto enthusiasts, at dinner parties, the biggest question that repeatedly came up was how will smart contracts and the Ethereum blockchain-type technologies affect me in the foreseeable future? Also, what is the future of decentralized applications and have they peaked or is there still a lot of runway?
What I'm trying to convey with this ebook is that smart contracts, and the Solidity that underpins them, have many stages of adoption that have not yet reached even the middle stages of their crescendo. We're only seeing conceptual stages where devs are experimenting with the technology and only when Fortune 500 companies start to use it on a more wholesale basis can we begin to achieve mainstream adoption levels.
Although crypto is a decade old, we're still at an early stage of the crypto life cycle. The majority of the populace has a very limited view of what Bitcoin is. As an asset class, it's roped in with modern art and movie props as having very little economic underpinnings other than some novelty. People don't even understand that Bitcoin has a radically different technical architecture than Ethereum and many other altcoins. Once we fill in this chasm of misunderstanding, then we can build a greater awareness of the potential applications of blockchain technology. Once this is fully appreciated, then we’ll begin to see a robust embrace of blockchain’s untapped potential.
What I was looking to put together with this ebook were concrete project examples that employ ingenious applications of smart contracts, and how dApps can be far more powerful than people understand at first blush. When I was at my last cryptocurrency conference, Tim Draper spent 15 minutes talking about how smart contracts could render many professions redundant sooner than even the most optimistic crypto evangelists prognosticate. He was also quick to point out, however, that these professions will be around still, but they'll have to radically pivot in order to ensure their indispensability.
Bitcoin spikes when people get excited about the price and FOMO sets in. What will happen when people start to understand how the technology can be transformative to every business sector, are seeing the residue of this happening all around them, and are reading about it daily in the WSJ and Financial Times again? We'll see the inevitable return is a sustained MOON.
Dapp Ubiquity: Anticipating the Avalanche of Adoption is available for Free to download this month for my Publish0x fellow crypto enthusiasts in .epub/.mobi at http://bit.ly/DappBook