Mass adoption or mass acceptance?

By JinPark | Jin Park | 11 Mar 2021


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Disclaimer & pre-phasing

When I initially came up with the idea to write this post, I could not have foreseen how much more fleshed out I really wanted it to be, compared to what I actually got down to in the first iteration of this post, so a fair warning to those who might be triggered or consider it unprofessional, to finish the entire, fully fleshed blog post, rather than episodically editing. Sometimes my brain works at higher speeds than my body can keep up with. 

I will however want to emphasize that future blog posts, and articles will be 100% completed, and not staged in tiers like this one-off post. 

This post should only be considered as a thought experiment by the author, and as such should not be considered anything but personal opinions and views. 

In final words, I would whole-heartedly give a shout-out and thank you, to those who subscribed to my blog, and decided to give me a chance! 
It means the world to me - It motivates me even more to publish all the research I am doing.    

Changelog: 
0.1 - Current state: Stripped down overall, however, there are still some conclusions missing, that 
0.2 - W.I.P 
- This will be the fully fleshed article included with data, references, with much more. 

A brief moment back in time
October 31st, 2008, was the day that subscribers on metzdowd.com got introduced to the following message; "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. - Investopedia 

A whitepaper named "Bitcoin: A Peer-to-Peer Electronic Cash System," by an author publishing under the pseudonym "Satoshi Nakamoto.", would cause many to shrug at the entire concept of a decentralized virtual currency, it was being ridiculed, and not a great many could get past the thought of a virtual ledger let alone, a new virtual currency system, to be anything but internet monopoly money invented by some geeks. 

Fast forward to 2021
There are plenty of important timelines happening ever since Bitcoins launched in 2008, more than one man could possibly cover, so to sum it up in short, without neglecting or diminish any previous events in history, Bitcoin, blockchain and cryptocurrencies has with rapid speed come a long way since, at least technologically. 

Ever since there has been a lot of converts that saw the "light" and became advocates for blockchain technology, and all of its possibilities, cryptocurrency, NFT's included. Many advocates, included myself believe that this is the next logical step in the economic evolution, we still find ourselves at what best can be described as a tug of war with the traditional financial/corporate world. 

Mass adoption or mass acceptance? 
The term "mass adoption" is being thrown around haphazardly in mainstream media, with journalists that have little to non-existing technical knowledge and insight, year after year proclaiming that we are now at a level where the aforementioned technology has now reached a mass adoption into mainstream society. 

And one could argue that we are going in the right direction as more and more business moguls speculate in cryptocurrencies and dabble with ways to integrate blockchain technology into their own business. BUT.. despite prominent people, that slowly had a change at heart started to invest billions of dollars into cryptocurrencies, we are, as far as I am concerned, we are more at a level as to where the general public has started to acknowledge cryptocurrencies to be more than a few fanatics or idealists monopoly play money.  

Why is the distinction between the two so important you might ask?
The distinction between acceptance and adoption is far and wide apart from each other, you can adopt, and adapt to new technology and knowledge, without accepting it, and or understand the concept behind it. 

Because even in between the blockchain and cryptocurrency community
There is a struggle of people who thinks of it as a quick way to get rich-scheme and is a believer based on what they potential can acquire of wealth and riches, through speculation, investments, and trades. To me, these people are jackals who endanger and distorts the true concept of the very same concept and ideology they claim to represent a truly democratic, de-centralized economic trading system, that does not differentiate on social status, ethnicity, or any social-cultural constructs, because it's computers that do the heavy lifting, not a human. 

To be continued.. (and once again I apologize for this some-what chaotic, unfinished post)

Signed by, 
Jin Park 

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JinPark
JinPark

Content Creator | Writer | BS.C Computer Science student


Jin Park
Jin Park

Changes coming.

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