An Open Letter to the Blockchain Community

PC: Pixabay

Our greatest enemy is the enemy within us

We are making headlines and for the first time, even governments are paying us the respect we deserve. In one way it seems surreal to be convincing you out of your skins. Matters to do with innovation have changed, the idea of a decentralized public ledger is ingenious. One that has been greeted with both controversy, enthusiasm, skepticism and optimism.

Blockchain is already taking its place in the history of inventions. Like the steam engine and the wheel in the nineteenth century, blockchain will drive the next phase of growth in the coming years.

But I have a confession to make. 

There is a more cynical side that has reared off balance in the blockchain, with cryptocurrencies in particular. Not surprisingly have you heard of phrases  “I believe in the blockchain, but I don’t trust Bitcoin, Ethereum, Blah Blah.”

Notwithstanding, the level of scrutiny, lashbacks, and opposition against the legitimacy of blockchain. We have all fought poor compliance regulations at one point. We have been criticized for investing in digital assets.

Investors agree never again have they felt the need to edit their portfolios. To include something more diverse like Bitcoin and not just mutual funds. Financial advisors have met this decision with criticism and only based their argument upon mere disillusionment. In one sense justifying that cryptocurrencies are not as good as they are.

Mr. Money Mustache even called Bitcoin stupid, yet we forget that as humans; how much of what we rant about and think is the result of the human brain acting to protect our sensitivity. It occurs that most of the skepticism on the blockchain is solely from the blockchain community and a few banks. 

Banks are quick to reject this innovation because the world will reject anything that will make it feel bad about itself. 

However, I am rather startled that the blockchain community and friends of the blockchain community would feel this way about blockchain. 

We could throw a million think pieces and opinions, churn out billions of blockchain analysis reports and next minute we mock other developments on public platforms. Are we really in a position to blame only governments and tight compliance are the barriers for the crypto adoption? I think we are the real problem.

Try as much as we could persuading more people into the industry — but if we don’t stop spreading hate among ourselves, attacking and hating every project that sprouts; Crypto adoption will only be an enchanted fairyland we can never set foot.

The quality of blockchain has already spoken for itself. The government of China is creating a digital stablecoin, while Venezuela is betting on cryptocurrency to save its economy. Big corporations like Facebook are adopting the technology.

In many ways, the message is home and people have already realized the fundamental importance of digital currencies in cross border payment, international remittance, and asset investment.

Behind all these developments, sadly is a barrel of negativity throwing shades at each other. The short term benefits of which will only hurtt the road to adoption.  Tron Ceo Justin Sun recently tweeted that his foundation would never attack other crypto-friendly projects. Sun wants us to love and support each other and we should go for it.

The world cares much about what we adjudicate out there. Hundreds of thousands of twitter debates and contentions might be the only legacy worth remembering for Blockchain. 

No one wants this. Unity in the crypto community comes first. And are we not united by the common creed of decentralization that is democratization and transparency? 

Why should our differences separate us, while we fight for the common good? 

 Do You want crypto to achieve significant mass adoption? This letter is a callout towards support for all crypto projects. Will the blockchain fail on one consensus to unite all its foes, it will be the evolutionary failure. 

An innovation that didn’t grow beyond its root.The invention that was cut off to rot in the ground. 

Here are crucial tips to curve out blockchain towards historic unity and adoption. 

1.The Need for Unity in the Cryptospace

The United Nations came into existence following heightening tensions after World War II. Tensions are heightening in the crypto space. Crypto projects are waging attacks against each other, yet deep down would wish for a common consensus.

Unions and associations could be a potent tool for encouraging long term adoption in the cryptoverse. However, an association of all crypto would be a transformative move in the weight of digital currency. 

2.Support Each Other

The rise of one project isn’t the fall of another. Adoption is the single most measure of success for blockchain. Therefore, the crypto industry should accommodate every single crypto-friendly innovation. Have we not seen thousands of crypto enthusiasts lash at Libra? 

Despite being clear that the Libra stablecoin will bridge the gap between blockchain and at least 2.0 billion Facebook users. 

Crypto projects are not enemies but colleagues and ought to operate comfortably in harmony. 

3. Positivity

Blockchain is already past ICO scams. It is time the cryptoverse welcomed transparency and positivity. Bitter aggravation is no evidence of another project’s devaluation. Don’t just be obsessed about lashing a crypto project. Read it’s a whitepaper, establish what the team is trying to create an outline recommendation if any. 

Non nobis solum nati sumus.

Not for ourselves alone are we born.” 

Marcus Tullius Cicero

Next time a friend criticizes a project, ask them how far the limitations outweigh the benefits. Generally, most of the criticism is baseless and mere hatred. 

4. Projects are no Enemies

Remember positive karma is the best karma. Blockchain represents a sea of endless possibilities. Blockchain will attain their full potential when projects have the freedom to pursue their purpose. From financial services, payment utilities, supply chains and the Internet of Things, all projects are for the common good. 

Blockchain is unbelievably a means to exuberance. Deliver real value, have good intentions and support the ecosystem. 

Sincerely

Team Tron Weekly

 

Richard M Adrian: Blockchain Analyst, Editor, Sales Copy Writer, Technology Journalist and Blogger