Too many crypto ventures are focused on finance; we need a variety of answers.

in Project HOPE19 days ago (edited)

It's as if we don't comprehend why money is valued in the first place. Trade, and by trade, I mean the exchange of products and services. Everything is dependent on trade; without the ability to support the efficient and flexible movement of valuable goods and services, money has no value!

How many crypto apps can we identify without mentioning Google that aren't aimed at garnering investment from individuals? Are there any applications aimed at facilitating trade? Spending? No, not payment applications, since why have payment solutions if you can only pay for products and services through traditional systems?Why go through the hassle of converting money to cryptocurrency when you can utilize the same businesses that currently accept fiat?
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Privacy? There is no privacy in this process, unless you use privacy currencies like Monero (which these centralized applications are unlikely to allow), but how many people are familiar with Monero to begin with? Also, even if you don't host your own node, your wallet providers may still monitor you.

But, without digressing, why are we so fixated on acquiring investor capital? Are the masses investing?

We need dozens of trading applications.

I think it's insane that we all sit around waiting for "mass adoption" and an embrace by active traditional trading applications, thus throwing away value that should be transformed by decentralized frameworks.

The bitcoin industry should begin spreading its development capital into two sorts of trading apps.

General commerce platforms and skill/jobs trading applications.These two solutions will be critical to achieving widespread crypto adoption, and while the primary goal of these apps will be to generate revenue while eliminating centralized trading systems, as well as their inefficiencies and other flaws, they will also indirectly increase the value of our assets, resulting in increased investor interest.

This is because when you have a commerce platform that runs directly on-chain, consumers would certainly pay in cryptocurrency, which must first be purchased, potentially amounting to billions of dollars in daily buying volumes.

Similarly, with skill/jobs trading platforms, employers would want crypto assets to pay for the services they seek, which will increase purchasing pressure.We've put too much emphasis on finance and finance. Trying to reconstruct the financial system while targeting the people with such nonsense when said market segment has no interest in it at all, especially given that they are generally impoverished under the present conventional system.

Our development focus must move to trading applications, among other solutions, of course. This hyper-focus on finance apps attempting to attract investment capital is why we are not seeing any real growth as an industry, only speculations that lead to the limited true capital that we have bouncing around various protocols in an attempt to maximize exploit what is dishing out yields at any given time.

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I actually think the major issues we have is that a whole lot of people rushing to the crypto space without not really having the necessary understanding about how things should work which is very dangerous