Quote from: booli8 on June 05, 2018, 03:16:01 PM

Talk to an average person, and 9.9 times out of 10, theyll have no idea what blockchain is, with the exception of maybe Bitcoin. If they do know, its surface level details at best.

When a trend emerges, some people dont want to wait to see how things play out especially when theres money to be made. Perhaps this story can be an example:

Remember the massive excitement Bitcoin last year? Speculative investment exploded. As the price soared, it gained public appeal. And legitimacy. And a lot of people made a lot of money, very fast.

Then the price dropped by 50%.

By the time Bitcoins value plummeted, it seemed like most people had lost faith. But that lost faith reaction really only happened among those who had jumped into space at the last minute, hoping to enjoy Bitcoins climb. People with knowledge of blockchain and cryptocurrencies saw this coming in some way, shape, or form. Active participants in the emerging industry were hardly surprised by the plummet in price that followed. These are growing pains that arise with any new technology.

Unfortunately, that patience was not widespread. Many people who jumped into the industry looking to make a quick buck ended up jumping back out at its lowest slump. They chalked their ill-timed participation as the fault of blockchain being a trend, opposed to looking at the long-term nature of what it means to build something globally impactful and the rising (and falling) tides that come with such a massive undertaking.

This is why, as markets begin to recover (and they already have), and new variations of blockchain technology cement themselves into our everyday lives, everyone from general consumers to high-profile investors need to have a firm understanding of the tech.

I think with the benefits that blockchain technology gives the user, it will be used more in the future. Because it can do much more than crypto trading, but many people do not understand that and they only care about the blockchain when the price of the bitcoin increases. That is really wrong

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