Blockchain -the world next revolution:
After listening to Richie Etwaru, discussing opportunities and implications of blockchain technology, expanding on how it is addressing what he called the "trust gap" in the way we conduct business. I became completely convinced that blockchain technology and the entire crypto-space is the next BIG thin that will revolutionize the world. I totally believed that that this technology is going to revolutionize the world at the same order of magnitude if NOT higher than the previous technological revolutions:
1. the printing press revolution in 1400s which addressed the knowledge gap
2. the engine revolution in 1800s which addressed the power gap
3. the internet revolution in the 1900s which addressed the distance gap
Prior listening to this talk I had already heard a bit about the blockchain and had participated in few Initial Coin Offering (ICO):
1. STRATIS Token Sale in July 2016
2. DECENT Token Sale in September 2016
3. PLUTUS Token Sale in March 2017
The following are Q/A about some of my experience:
1. Am I better off now than then?
Looking back now, what I can say is whatever is highlighted above is in a small way the foundation of what I have become and achieved to date in the crypto-space. Not much, but certainly significantly above my ground zero. As highlighted in my #introduceyourself blog, I aim to share my personal journey and experience in the crypto space, good, bad and ugly experiences which I had in the crypto space in the past three years.
2. Any regrets?
Yes,I failed to learn sufficiently enough, to know what to do in different phases / cycle of the crypto market. I made more bad decisions than good ones, however, overall I am still better off than if I never got involved.
3. Which mistakes are you able to identify that you made then?
plenty, here are just but a few: While I made a good call to participate in the Stratis ICO, to date I do not have a single stratis coin, the sad part is that I sold all of the coins for peanuts, just for instant gratification. Why? I did not know better then, I will expand on this point in the next blog. At the time of writing this blog, STRATIS is the second ever most profitable ICO after Etherium (ROI - 44,611%), It current Return On Investment (ROI is 11,702%) What this means is that the initial coin offering value has approximately 12,000X https://tokentops.com/stats/
4. Any Lessons Learnt?:
Hosea 4:6 -"My people perish for lack of knowledge ..." The more you know in any given subject or matter, the less you will perish in that very specific subject or matter. It goes without saying that to the degree you know less, to that degree, you will perish in that area. This is some of the things I have learnt :
1. Patience pays ....
2. knowledge and/or lack of it thereof, is going to separate the winners from the losers in the crypto-space
3. I need to educate myself more and more everyday in this space to minimize my misfortunes.
4. I should treat my past failures as a stepping stones towards avoiding making the same mistakes in the future, when I am presented with the same opportunity.
5. What will you cover in the next blog?
In the next blog we shall explorer what happened to the tokens I purchased, to appreciate my mistakes, hopefully to learn from them. This is my own way of trying to introspect and self evaluate to hopefully improve. if you are new or intend to get into this crypto space , it will be great if we could take this journey together 