Props to @realtimshady (torum.com) and his post: https://www.torum.com/post/6161242c5d69f941f2112e73 for prompting me to write this.
Many years ago, one of the co-founders of the original Ethereum group — I’m pretty sure it was either Charles or Gavin — told me that mainstream adoption depends on how we can make everything “a three click or less process”.
In a piece I wrote over four years ago I described this crypto complexity problem.
[Excerpt]
“Simple” Questions -
My mother called me right out of the blue — at 3:00am.
“Ma, it’s 3:00am. Is there some kind of emergency?”
“Oh sorry. I always forget you’re 12 hours ahead of me. I just read something, then I saw something on television and I thought of you.”
“Really? What was that?”
“It was a show about ‘cryptozoologic money’, you know, that stuff you tried to explain to me last Christmas when I visited you and my granddaughter.”
“Ma. It’s 3:15 in the morning! Whatever questions you have will probably take some time to answer in a way that you can fully understand. Can’t you just email me your questions and I’ll answer them later?”
“Okay. But my questions are really simple — I think? If this ‘bittecoin thingy’ is so much better than a dollar, why is it so hard to get it, spend it or even understand it? I mean, why can’t I just use a ‘bittycoin card’ like I’ve been doing all this time with my bankcard?”
“Look Ma. I understand your questions. And I’ll answer them after I get a little more sleep, okay?”
“Alright son. Talk to you later. Hugs and kisses to my granddaughter.”
(click)
The truth is that I couldn’t go back to sleep.
My mother’s “simple” questions made me realize that I’d forgotten that 98% of the world’s population still hasn’t heard of bitcoin yet, much less understand it.
The Ivory Tower -
[image by flickr.com)
…In my “Cryptocurrency Ivory Tower”, I forgot about the real world.
Let’s face it.
Although the cryptocurrency space has advanced in leaps and bounds in a very short time, it still isn’t user friendly enough for the average individual; especially those who are techno-phobic and just want things as simple and convenient as possible (e.g., my mother).
[Excerpted from “Huh? What? A “Crypto-Bank”? That’s Sacrilege! No wait. On Second Thought…(Pondering the Crypterium ICO)”
Four and a half years ago, there wasn’t DeFi or staking.
This exemplifies how the crypto space continues to create and launch innovative projects at lightning fast speed.
But given how you describe your staking experience, it also appears that few, if any, are slowing down enough to consider making “everything three clicks or less”.
The more things change, the more they stay the same…
(Heavy Sigh)
Submitted FYI.
In Lak’ech, JaiChai
(JaiChai 9 OCT 2021. Simultaneous multi-site submissions posted. All rights reserved.)
