Just wanted to know where you guys think we are. Are we still in the early adoption stage?
At what stage of the dot com era would you put us at? Dial up lol?
At what stage of the dot com era would you put us at? Dial up lol?
Definitely not. Most people already know what cryptocurrency is. Even my friends at uni are already talking about and have a chat group for it LOL. This is unheard of in 2013. Take a look at this picture
I think we're already at stage 4 maturity. People who joined recently are considered late majority. One thing, I really hope we don't have to see the decline of cryptocurrency in our lifetime. There are still a lot of things to be developed in crypto, a lot of innovation could be made, so that cycle of adoption could always be renewed/revised.
Let's take time factor and add current 10 years as a scale of reference.
We quickly realise that its pointless, this would mean that cryptos are already over, we know this is not true.
Besides two years per stage seem like to small sample ergo bad science.
This is very advanced tech we are talking about here, we have to treat it, just like the computer industry.
Look how many years where needed to achieve 1computer per household (we are not there yet - but close) and correlate this to blockchain in fintech...Now, lets use 100 years scale, this would lead us to 10-20years per phase and now, now its starts look more real, more connected with our reality. We are still in the phase1. or at least that's my opinion.
Between stage 1 and stage 2, early developing, researching and introduction. We are not far from that, bitcoin is maybe one stage faster then the others but they are all still here, do you see how bitcoin is dropping and others are following.
With 100 years scale we are at the beginning, and all people here are early adopters, its how I see this situation and global adoption. Maybe many people heard about it, but many more will have to join. And look at the bitcoin, last year after so many people joined we had network breakdown, transaction fees to the moon, networks couldn't handle all this new people, there is so much work to be done more, we are at the start of it.