How I think Blockchain Will Evolve

I always think about this – every day actually, so I thought I’d give you some of my thoughts. Some background; I’ve been in crypto for about 3,5 years now. It started with me finally pulling the trigger on Bitcoin. I knew about Bitcoin since its birth, but being the slacker that I was at that time, I did not pull the trigger on either mining nor investing. It took almost 8 years before I finally did the proper research on BTC and bought some ETF’s on the Stockholm exchange. I had been an investor for many years all ready, and it wasn’t really until I read and understood (parts of) Ethereum that something was activated in my brain. As a non tech person it was really hard to get into the whole idea of of how this works. I think the main problem for me was that I didn’t understand that double spending actually was a big problem that had not been solved prior to BTC.

And then came 2017, and as I read and understood more of Cryptocurrencies and Blockchain, I realised that I just HAD to learn this stuff. So I sold my ETF’s and moved it all into real BTC, ETH and LTC. Slowly I started using my keys. Then came the alt coin rally, and I started to speculate in altcoins. I found Steemit and all of a sudden I was transferring tokens left and right. Exchanges, password lists growing, accounts, etc. And then came the bear market.

Luckily I had ended up with some good projects. While some of my ventures were purely speculating, more and more of my holdings were so called protocol tokens. EOS, STEEM, ADA etc.

As for most of you, it has been a journey. I consider myself a normal 37 year old. I grew up in the west with american/british culture, computer games from the age of 7, no specific skills other than that I am very comfortable with computers. I have always spent most of my time in front of one when I have not been doing sports or enjoyed nature or even a party or two.

Blockchain feels like a natural evolvement for me. It feels like a natural part of my journey. I was never a big fan of the state or politics. I find that there are amazing people everywhere, but I don’t like political correctness or being forced to participate in a society I never asked for. I have for a long time throughout my childhood and teen years and even in my twenties not felt like I have fitted in somewhere. I finally realised what it was as a thirty year old. Values. I hold some values. Freedom of speech, voluntaryism, non violence, free markets. When I finally found my values, everything became so much more simple. I could put things into good or bad, right or wrong. The world was no longer a chaotic place. At least not AS chaotic. So I found my way.

Blockchain and decentralisation for me is the removal of an abusive system that crash with my values. I was born into a abuse. The state abuse us all, and while it might feel fuzzy and warm sometimes, and safe -it inhibits us from reaching our potential. And it makes us afraid, skeptical and into huge hypocrites. How else do you explain how so many relatively rich western kids end up suicidal, depressed and angst ridden? If they only had freedom – they would never have the time to be depressed or angsty. Freedom is some of the most difficult and hard things there is. To have freedom is not something most people really want. It is just a word people love to throw around. REAL freedom comes with a cost. Personal responsibility and clear values. Not something you need to think about much growing up in a nanny state.

Blockchain for me represent the free market now. It’s completely Texas. You can lose your money in a heartbeat. No refund. One wrong letter and your crypto is gone. What does that teach us? Personal responsibility? And what is that? Freedom. Freedom was never supposed to be easy. Freedom is to achieve something, to become better. To learn and to make progress.

Blockchain is also about rewarding people who create real value. What is most valuable? Someone pushing papers in government administration, or someone creating amazing youtube videos or playing computer games with thousands of followers/fans?

Not only is Blockchain about that – it’s about making sure those people are not censored because of their political views or opinions.

Blockchain is about making sure history from now on is objective. Not anymore written by the winners. In the future the winners will be those who deserve to be the winners. 

Blockchain will be able to speed up science and research by connecting and automate reviews. Blockchain will make sure people living their whole life or parts of their life creating value for others through their personality or actions in a virtual reality such as a game – will be able to earn and hold on to digital assets. 

Blockchain will be technology what the car was for transportation. Sure, the horse carriage man lost his job, be as million of new and more amazing jobs were created, I’m sure he found his way as well.

But, before we get too excited – this is years from now. As I write this, in late 2018 – in what will be remembered as the famous bear market for cryptos, only a few thousand people are using Dapps. Mostly gambling Dapps, ponzi schemes and exchanges with more or less speculative extremely early days tokens. 

Make no mistake – as developers develop ever more streamlined systems – the threshold to enter this amazing world will be lower. And people are joining every day. EOS took it a step further, and I have NO doubt in my mind that this is the right place to be. At least for now. If it stagnates I will of course move on. I’m always on the lookout. But GAMING is going to be one of the first major places for crypto currency adoption. And it is going to explode. Never mind these betting sites. Consider them just as something we have to get through to really get to where we want to be. Huge open world sandbox games with land ownership, unlimited interactions through different smart contracts. Do you want to rent land and dig for materials? Or perhaps be a mercenary protecting a caravan. Or explore deep dungeons with randomly generated one of a kind digital assets in the form of legendary artefacts. That’s the next level of gaming – and it is everything you ever dreamt of. Me, I’m happy with a cool mmorpg blockchain run version of Baldurs Gate. But for the kids – full VR 3D world or whatever makes them happy these days. 

Oh, and keep in mind one thing. People are so eager for the “bull market” to happen, that they forget that we are not only seeing so much more being developed right now, but also used. The most used Dapps attract thousands of people now, as compared to a few hundred a few months ago. Forget about the speculative phase we had in 2017. I can guarantee you that we will go higher than that. I can’t guarantee which token, project or coin that will moon – but I have never considered cashing out any of my crypto to fiat money. I might do it when a small proportion is “life changing money”, but until then – F it. One of the things life has thought me is, when you have done the research and all logic falls in place with your gut feeling – NEVER let psychology get in the way. Never be distracted. Keep doing what you are doing and keep diving deeper into the rabbit hole. That’s how people built fortunes in the past, that’s how they build fortunes now, and that’s how they will build fortunes in the future. Some things never change. 

This article probably ended up a lot more personal and “inspirational” (and longer) than I intended. But that’s what happens sometimes when you just start to write.

Blockchain will evolve with us – and it is truly like that crazy old man John Mcafee said – Pandoras Box. Nothing can stop it. It is just the nature. It is natural evolvement. It had to happen,  just as the combustion engine took over for the horse carriage.

Why did you join this space? What does this technology mean to you?

Also check out some of my other articles here!

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Hayden P.

A blockchain and cryptocurrency enthusiast

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