It seems we missed the mark. All the focus upon mooning, price, and Lambos led us to the point where we have a bulleye on us. Focusing upon the financial aspect of crypto instead of what it can do has ill served us.
In this video I discuss what crypto is meant to do and how we need to refocus our efforts upon that. It is time to understand how we can truly alter things and where all this is going.
▶️ 3Speak
Yes we should refocus on it. Well said as always and your opinion about crypto is always really very valid. I appreciate 👏👏👏
Very well said.
Please keep on making such kinds of informative contents.
We're learning a lot from it.
I remember a lot of youtube videos exaggerating their gains from crypto. Lambos, private jets, islands, etc. - all of that just to sell their crypto-trading course.
Unfortunately, a lot of people, including those in authority, actually believe it. A worst way for a person to be introduced to what a #blockchain or #cryptocurrency is.
Hive, specifically in #LEOFINANCE, is actually different. You will find here the whole important aspects of cryptocurrency or blockchain in general.
Thank you and more power. 🙂
It makes me wonder what most people in the world think about crypto? I tend to think that they believe it is a financial tool rather than a technological tool. It changes things on a fundamental level and decentralized projects take power away from the politicians and governments.
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You were talking about supporting privacy coins the other day. Privacy and blockchain are in opposition to each other. Blockchain represents accountability through a trusted system that can be verified. If equality through accountability isn't the goal, centralization will win again due to Pareto Principle.
In some strange way, I suppose it's testament to the power and reach of what we might call "Good old Wall St. greed" that cryptos ended up where they are. But no matter what you get involved with, if it is possible to make money, there will always be a horde of "How do we milk this for all it's worth" individuals at the door.
I hope we can refocus on something a bit more sustainable and of more "value" to the world than how to score the next Lambo...
=^..^=
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Summary:
In this video, the speaker emphasizes the original intent of cryptocurrency, highlighting the need to remember its purpose of replacing the existing monetary, banking, and financial system. The speaker expresses concerns about how the focus on cryptocurrency has shifted towards financial gains, leading to the loss of the technology's core intention. He criticizes the industry for prioritizing price movements and financial aspects over the transformative potential and inclusiveness of cryptocurrency. The speaker also discusses the significance of utility, the evolution of cryptocurrencies like Bitcoin and Ethereum, and the importance of remembering the original vision to operate outside the control of governments and banks.
Detailed Article:
The video delves into the speaker's reflections on the fundamental purpose of cryptocurrency and how it has deviated from its original aim. He stresses the importance of remembering that cryptocurrency was designed to replace the current financial system. The speaker discusses the industry's shift towards focusing on financial aspects rather than the technology itself, which has led to increased attention from regulatory bodies and governments.
He mentions how the emphasis on price projections, financial gains, and market speculation has overshadowed the revolutionary potential of cryptocurrency technology. The speaker points out that influential figures in the industry, such as Michael Saylor and Mike Novogratz, primarily discuss financial gains rather than the transformative aspects of cryptocurrency technology.
Moreover, the speaker highlights the role of Ethereum in expanding the capabilities of blockchain technology through smart contracts and tokenization. He underscores that the essence of cryptocurrency lies in its ability to operate independently from traditional financial institutions and governments, providing individuals with financial sovereignty and inclusiveness.
The speaker also discusses the emergence of decentralized finance (DeFi) and the need for the industry to move beyond using cryptocurrency solely as a speculative asset. He advocates for a renewed focus on utility, emphasizing the importance of harnessing the transformative potential of cryptocurrency to create a more inclusive and efficient financial system.
Furthermore, the speaker addresses the significance of empowering the unbanked population through cryptocurrency, emphasizing the life-changing impact of financial access for individuals in developing countries. He encourages the audience to remember the core purpose of cryptocurrency and to prioritize the broader societal benefits over individual financial gains.
In conclusion, the video serves as a reminder of the original intent of cryptocurrency and calls for a reevaluation of the industry's priorities to align with its transformative potential. The speaker highlights the need to refocus on the technology, utility, and inclusiveness of cryptocurrency to truly realize its revolutionary impact on the global financial system.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.