I don’t typically write this kind of blog post, but with the new year coming, I think we could all take a minute to reflect on Crypto Currencies and blockchain technology and what’s important here and what is currently happening.
My favorite thing about blockchain technology is that it enables us to move towards a world where the problems that matter are not the ones where the money lies, but the ones that truly matter to the society at large, like curing diseases.
Blockchain could very well bring a new wave of practicality, use and endless applications that actually reward brilliant people instead of rich ones and transition us into an “impact” economy.
But then you look at what people seem to care about and that is, almost without fail, their financial profits and “how to become a millionaire”, instead of being happy with that being a byproduct of the impact economy that we will hopefully one day have.
I will be the first to admit that, having bought 10btc and 10eth in April 2015 (screenshot of my first purchase below), my interest was completely born out of financial gains. But we have an incredible opportunity to enable people who actually deserve it in all corners of the world, instead of those who have had a completely privileged and unfair start of incomprehensible proportions to life, like myself and almost every one of my friends and family.
So where are people putting their crypto money into? Anything and everything that makes them a quick buck, not what will one day hopefully change the world. For that reason, I am completely disappointed with the fact that, although crypto has been struggling through the holidays, the one coin that is designed with big corporations and governments in mind and not the brilliant smaller guys who deserve it, has gone from about $0.24 for one XRP to around $2.45 in one month (chart below). I am not a conspiracy theorist (publicly at least), but let’s not allow this shift of wealth to go straight back to the rich by being naive or not understanding what is truly important here, especially when you can make a ton of money WHILE helping people who deserve it.
So with the new year coming, it seems like the perfect time to ask ourselves a couple of questions:
Is this the direction we want to move towards? Are we the blockchain killers? Is this going to become just another way for the privileged to keep pulling away in a completely unfair race?