Contracts, deals, and the records of them are a portion of the characterizing structures in our monetary, legitimate, and political frameworks. They safeguard assets and set authoritative limits. They set up and confirm characters and archive occasions. They control communications among countries, associations, networks, and people. They control theboard and social activity. Also, yet, these pivotal devices and the organizations framed to oversee them have not kept pace with the economy’s computerized change. They’re like a tops down gridlock entrapping a Formula 1 race vehicle. In a computerized world, the manner in which we administer and keep up authoritative control needs to change.
The main reason why users don’t utilize blockchain technology is because of fear, uncertainty, and doubt.
People use the internet despite the risks of scams and frauds because the benefits it offers are much greater. It not only helps people overcome their fears, but also creates a dependency where people feel they can’t live without it. We can see this addiction in the rise of terms like “internet sabbaticals” and “restricting internet access time.”
There is a lot of fear surrounding internet banking, but there are also various safety measures in place that provide a sense of security for users. By “safe haven” we mean a place where users feel a sense of community and don’t have to worry about the various headaches that come with forgetting passwords or security concerns. It’s more of an emotional need than a logical one.
We assign the responsibility of each users to themselves, that they would keep their ledger safe, that they would keep their secure passphrase safe, that they won’t forget what their secure passphrase is. Not every users know how to put their password in Excel and encrypt their Excel file. not every users have the thoughts of backing things up. And as a human, if we can stop worrying about something and assign that responsibility to somebody else, we tend to. We’re in favor of someone holding responsibility for us, so when things goes wrong, we can blame them than ourselves. It’s their fault, not ours, to lose our stuffs. We have something more important to care about, and we had already reassign these attention-demanding passwords and security to some experts and trustible entity to keep them for us.
We humans live in groups as collective beings. Most of us get our sense of security from things outside ourselves, like our possessions or other people, especially those close to us. It’s amazing that we can take responsibility for ourselves and have an inner sense of security that doesn’t depend on someone else or on a “Forgot your password?” button to back us up.
The end users don’t see the need for blockchain technology and find it similar to the current web2 technology. The only difference is the extra time it takes to confirm transactions. They don’t see any benefits to using the technology. NFT offers a unique collectible when booking a hotel, booking a flight, etc, and collect after it’s used, to remember where you had been to and what happy moments you’ve had. For myself, one doesn’t feel so.
An NFT is a viewable entity, which may also be listenable. It can trigger the senses of sight and sound. As a kinesthetic learner, I am biased toward entities that I can touch. Holding a ticket to a zoo with a close friend of mine, I feel the emotional attachment to my friend via the ticket. Collecting a chocolate box gifted by my friends, I can take out each unexpirable unthrown wrapper, after eating the expirable chocolate, and just enjoy its touch. A hug with a close friend is worth more than half an hour of deep conversations via video call. A physical book enhances my senses from feeling asleep, to focus on reading the book. Certainly, an NFT can replace a physical collectible for those who aren’t kinesthetic; but a lacking in sense of touch reduces its emotional impact, especially for kinesthetic learners.
Blockchain offers transparency and immutability, which is appealing to those who have been victimized by gated data and mutable histories. They believe that blockchain is the way to change the current system. For those who have difficulty finding work or getting paid via banks, remote work and cryptocurrency offers a way to change their situation.
While many people may dream of becoming something more than a “normal worker,” the busyness of modern life often leaves little time for them to actively pursue such goals. For many, work is a numbing grind that is only bearable because they hope to find something more outside of it. They work for others because they lack the imagination or drive to create something themselves. Startups are rare because there are often more workers joining an existing startup than there are founders or co-founders starting one. And even when a startup fails, the people involved often don’t give up. They simply join another startup as workers. So, in the end, co-founders and founders are relatively rare.
even if shopkeepers accept cryptocurrencies, most people are content to use fiat currency because it is more stable. If there are no drastic changes in the value of currency, people will not think about crypto or fiat, but rather focus their attention on something else.
A choice between cryptocurrency and fiat currency isn’t worth the average person’s attention. If their boss pays them in a cryptocurrency that is widely used, they will use that cryptocurrency. If their boss pays them in fiat currency, they will just use fiat currency. Who wants to swap their fiat currency for cryptocurrency, except for enthusiasts and individuals who can research and prove that cryptocurrency is better than fiat currency? They already earn quite little, for most people below the US average earnings, and exchanges from cryptocurrency to fiat currency take even more from their barely-enough income. Even saving the extra 0.1% can make a difference in their life circumstances.
Cryptocurrency payments are easier than payments made with PayPal. You can pay and receive cryptocurrency anywhere in the world without worrying whether PayPal will restrict your country from receiving payments. All you need is internet access. In addition, creating a cryptocurrency wallet and signing a transaction is easier than entering your credit card information when making an online payment. Furthermore, cryptocurrency provides more benefits than PayPal. Not every site supports PayPal, just like not every site supports cryptocurrency payments. However, if only buying cryptocurrency with fiat currency was as easy as making a PayPal payment.
Speed and convenience triumph. Giving up is something that the average person does when they face an obstacle that is too difficult for them to overcome. However, if we could pay for something using PayPal, which is already a readily available option, then there would be no need for us to go through the hassle of trying to use cryptocurrency to make a payment. Speed and convenience are what matter most in this case.
Blockchain tries to solve the problem of transparency and immutability, but it’s not clear that this is a problem that applies to everyone. Some people may want to know how Facebook and other companies use their data, but for most people it’s not a big deal if the information they enter is not entirely accurate. Facebook doesn’t really care if you enter a fake birthday, for example, as long as you’re not trying to commit fraud.They can train a machine learning model with my data? I don’t care.
Most people are not concerned with how their data is used because they do not have a specific cause that they are fighting for. Those who do care about transparency are responsible for the rest of us who do not care. Unless we provide a platform that is easy to use and has additional benefits, people will continue to use the existing system.
Fluctuations are not a priority for me. Given how much of us procrastinate, if one person could continue using Chrome without interrupting their lives, they wouldn’t migrate to Brave. It’s easy to migrate to Brave, just two clicks to migrate the saved cookies, plus logging in again on Brave to all that wasn’t logged in. If one continues to use Chrome, they don’t have to go through the hassle of trying to remember a password that’s either saved somewhere or maybe already forgotten, which would require clicking the “Reset your password” button while migrating to Brave. If one is someone who loves to procrastinate, they wouldn’t want to go through even the hassle of clicking to download the Brave browser. 30 seconds setup is a lot of time which one could lay down in bed for 30 more seconds. Something that’s done once, is enough.
Btw, one is using Brave browser lol.
Today, people who have adopted blockchain are mostly crypto investors, crypto enthusiasts, and blockchain users (from end-users to developers to other sectors). It’s widely known that most people still haven’t dipped their toes in blockchain technology, due to fear, uncertainty, and doubts about what benefits blockchain can bring, and whether they even need the benefits or if they could live without it. I’m new to Mirror; but have you read articles on read.cash or publish0x? They’re flooded with articles about “Bitcoin”, “Crypto”, “some kinds of altcoins”, and anything else that’s related to “Finance”: which are just boring articles. Where are the articles talking about nature? Where are those talking about some music? Where are those talking about self-improvements?
Why use cryptic jargon that only those in the know can understand when designing interfaces and articles on blockchain technology? It’s off-putting to newcomers and drives away potential users. Stick to language that everyone can understand to make it more accessible.
Staking is like a savings account for banks “locked savings accounts”. And what’s this:
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