Quote from: TeeGee on January 08, 2019, 07:33:17 AM

That was a rather substantial article Brandon!

The more interesting aspects of it, I found, were the inflationary effects of money that could act to push up the prices of goods as cryptocurrencies become a more popular method to accept payment, and I think that effect could also compound in areas that are more cryptocurrency friendly than states that take punitive action for their use.

The other was the education of individuals to get them up to speed with cryptocurrency use and investing. While the investing side will invariably be a case of "it's an asset class you could have gone into and didn't", there will probably always be stablecoins that people can use as a point of entry into the system for those more risk averse -- even if they miss early adopter status. Using pure cryptocurrencies is quite a different story though, and will be a real challenge. It's on us to make using crypto so incredibly simple that nobody even needs education on it. I'm sure the first time everyone used internet banking may have felt a bit strange, but if we can make it even easier (like DNotes Pay) then we will have a real shot at beating that education curve that is such a hindrance at this time.

There is definitely a knowledge gap! It is short-sighted to think that cryptocurrency education is unnecessary for investors that weren't early adopters - if anything, it is more important going forward now than ever. Most cryptocurrencies are going to become worthless somewhere in the course of mass adoption, taking some early adopters with them. The ease at which fraud can be pulled off in this industry (and with no remorse) is despicable, heightening the need for investor education and protection. DNotes is designed to provide an investment return no matter when you start accumulating it - education would let people know that not all currencies are like this. They also need to know what realistic returns are, the signs of fraud, online security, types of investment products, etc - both in cryptocurrency and traditional finance.

It is critical to have the technology so user friendly, it is almost invisible, because the average mainstream user isn't going to give a crap about the tech. DNotesVault is a perfect example - because of its ease of use and similarity to how people already hold their money/investments, everyday people with no tech skills whatsoever are DNotes holders. DNotesPay will extend that ease of use to the business community, the self-employed, etc. All that is really needed for tech education in mass adoption is some easy to understand "how to use it" guides. If the mainstream user needs to learn any more than that, it likely won't get adopted on a large scale. The masses don't care what is under the hood.

The biggest educational needs will come as cryptocurrency starts acting as the financial product it was always intended to be. The majority of the world is financially illiterate, and expecting them to achieve digital financial literacy on their own is wishful thinking.