Personally, i think we’ve done enough when it comes to crypto adoption. I mean i think currently we don’t need to onboard more people into the crypto space at this point. I know the industry is ever-growing and there’s already a solid user base actively participating.
I think this is the right time to start the onboarding of more people into the space. We have seen mass adoption, but this is the beginning of it, so expect more.
I got to know this social network ZORA, which i saw on Binance and Bitget that claims to reward users with crypto tokens and honestly, i don’t really understand why a social media network would tokenize it content with the aim of crypto adoption.
What I know and have seen is the opposite of what you described here. It has always been tokens and meme coin owners using established platforms like X and facebook to push their tokens and not promising tokens to adopt ZORA.
It got me thinking about its reason behind handing out tokens to drive more adoption, especially when the main purpose of that adoption is not really aligned. I’ve noticed the more people we bring into the space, the more diluted it becomes as most of the new users are into crypto to explore memecoins, hoping for quick profits without knowing the risks that come with it. Some don’t even know how to trade to the extent of understanding the ecosystem. They are just here for the hypes.
The more people we bring to this space the more diluted it becomes. The more diluted it becomes, the more decentralised and more freedom.
I think instead of pushing adoption through social platforms, it would be better if governments and more institutional investors begin to accept crypto as this will increase market stability and bring in more liquidity. It’s not about growing numbers anymore, we should maintain the quality of the space.
I’m curious though, what is your opinion about this ?
If only the government and institutions are onboarded, there will be so much complaints such as it is now that the government wants to hijack the system. I have seen where someone lamented that the adoption he desired was individual adoption and not governments coming to be the biggest whales.
So, we need enlightened individuals, gullible individuals, manipulative institutions, camouflaging government, real bitcoiners and everyone to have a naturally good cryptocurrency ecosystem.