Blockchain & Cryptocurrency - New technology, but old mindset?

Disclaimer: 

I would first of all like to empathize that this blog post, does not contain any financial nor educational information, but simply the authors subjective thoughts on where we're headed as a species, as fellow humans and how we adopt new technologies, but more often than not maintain our old mindset. So feel free to disregard this post - and if you're tagging along anyway, I hope we'll be able to have an interesting debate! 

Let's dive back in time

In August 2008, bitcoin.org was registered quietly as a domain by an unknown entity, and just two months later that year, an individual going by the pseudonym "Satoshi Nakamoto" posted a whitepaper named "Bitcoin: A Peer-to-Peer Electronic Cash System" was mailed out to a small group of subscribers on a mailing list - This was the start of a new era and evolution that almost no one knew about it until years later. 

Back to 2021

As I do not intend to cover all of the significant changes and events that have happened in between the time of the first introduction of cryptocurrency & blockchain since it would take forever to cover all of it in a satisfactory manner without downplaying the significance of it. 

However, we're still in an early adaptation phase of cryptocurrencies, DeFi, NFT's and Blockchain, both as an asset but also as a revolutionary peace of code and technology, that will eventually lead to a prominent change in how we interact, conduct business and doing exchanges of goods and services among the general public, and not just among the early adopters from way back. 

That's all fine and dandy, but..

Still many believe all of this to be a fad, created by some bored geeks isolated in their parent's basement creating make-believe virtual monopoly money in some scheme of robbing people blind of their hard-earned money, that is despite the fact that cryptocurrencies, especially Bitcoin have gained massive traction among the heavy hitters in the traditional financial world  - Prominent people of investors, bankers, stockbrokers, and so forth that just a few years back scuffed at the thought of a virtual decentralized eco system, till now who invest millions upon millions into cryptocurrencies as holding as they realized the store of value. 

From Elon Musk and other celebrities buying doge coins to now accepting bitcoins as an accepted form of payment to buy Tesla cars to J.P Chase & Morgan opening an exclusive branch and product portfolio for their elite customers - all of this is a double-edged sword to me. 

As an advocate

I am first and foremost an advocate of Blockchain technology & cryptocurrencies before anything else, and I am trying to contribute to preach, educate and promote the cause - I am not in this to become the next millionaire overnight, I am not in this to exploit the fact that I am an early adopter, and that's why it's a double-edged sword to me that all of what I believe in and fight for is finally getting acknowledged more and more by the general public, but are we truly ready for a change? 

By my experience and through my observations, albeit still a subjective point of view - I am worried that only the means of conducting investments and trades changes, but not the mindset - I get a sense of people just looking at this a new means of acquiring more physical wealth, more so than adopting the ideology of a de-centralized, apolitical economical revolution that fights market manipulations, money printing, corruption, and even out the distribution of power that world banks and governments still to this day have and abuse. 

So I am torn in between the fact that prominent people from a wide variety of backgrounds finally accept the fact that cryptocurrencies and blockchain technology is the way forward, as nobody of them seem to get the idea behind of it - we don't hear J.P Chase & Morgan making public statements on how this could be life changing for the bankless people across the globe, or how it could help fight poverty, lower money laundering etc - Which leads me to believe that nothing really changed but the means to acquire more wealth for selfish reasons. 

It's not that I am against the fact that more people by the day make a comfortable living off of it - but if they are only doing it to secure their quality of life and keep all of the information to themselves, as their own "dirty little secret" exploiting the fact that its still all relatively new, and want to get ahead before it really explodes, those people are in my humble opinion scum of the earth and fight the very core ideology of it all.                       

Am I a saint?
NO, absolutely not. 
But I share my knowledge publicly. and for FREE to make sure everybody don't get a twisted or wrong idea of what it's all about - I am not making a living off of it, I am not even charging money for it, despite the ever increasing demand and interest has been there right from the get go - I do this out of passion. 

So the question is - are truly ready for a change? 
Let me know your about your thoughts and opinions down below! 


- Jin Park