Note: I wrote this earlier today before the market completely fell apart. I don’t have much to say about that though. Keep in mind that the crypto currency market is 99% speculation. If we were to measure the market cap only after actual use case TODAY, the total mcap would be something like 1B. And EOS would have a 95% market share. To be honest, I don’t give a shit what happens to the market. Let’s just go with the flow and continue to stay up to date and make moves where actual adoption and creation happens.
Aren’t you as well a little bit tired of the “we’re early days” cliche? Some people ask me, “are we really that early days, shouldn’t we be moving faster?” And the answer to that is “not really.”
I do, and so do you most likely, have friends and connections who are into crypto. Most of the people I know aren’t, even though lately I’ve seen many Initative Q links on Facebook where I try to warn them and tell them that Initative Q is not crypto nor Blockchain and they want your email. I don’t have to explain to you guys here on Trybe why that is bad. If there is no product, YOU are the product. Email lists are extremely valuable. (So at least sign up with a fake one!)
Anyway, so most people are unaware of whats going on here, especially the direction EOS is going. Most people might have heard about Bitcoin, but very few realise which problems Blockchain solves. And even fewer realise or have even heard about the fact that EOS solves problems within the Blockchain space. Very very few people are aware of the Bitcoin fork and why it happened, scaling issues, Ethereum, ICO’s, airdrops, airgrabs and all of that. Almost no one are aware.
And many within this space still ask “shouldn’t there be more utility to blockchain. When this and when that?” but Rome was not built in a day. Internet was not built in a year. Developers needs to learn how everything works. It’s not just “create game, implement smart contract and GO!” We are taking the nessescary baby steps and gambling dapps are very simplistic in their nature. Slots, dice and Blackjack are simple games that are easy to structure. Getting p2p like texas holdem is more difficult, but we will get there within a few months. Games are even more difficult. Eosknights is a pioneer project, but it is very simplistic as there is no real graphics and only a few actions that are automated. But as a game developer you have to consider many things. Graphics..you’d probably have to build the game from scratch and that takes time and money. You’d have to figure out where to implement smart contracts and transactions on chain. Should EVERY move in the game be a transaction? If not, are there any pitfalls? Should ALL items and resources be scarce and a smart contract, or just some, like uniques and legendaries? What about loot? Death? What about exploration, caves, dungeons, land ownership? I know that some people are working on the ideas and trust me, it will come. But we need to be patient. Right now we are like humans when they started walking on two legs, or discovered fire or something. We have this incredible tool, our hands perhaps..(I’m not great with metaphors) but we can’t build a car right away. We have to built a straw hut, then someone might discover how to make clay. Then concrete, then bricks etc.
Think back to the Internet. It feels like a short time, but I was only 11 years old when the Internet came. No one had any idea what to do with it. I remember getting it very early because my dad worked with computers a lot. Now, games weren’t THAT bad. Because gaming consoles and gaming existed before Internet. So I had been playing games like Wolfenstein 3D a year before Internet as well as Larry, Police Quest, Lucas Arts games etc. These were pretty good games. But we are not comparing gaming to Blockchain, because if we were to I guess we are in the early 70s. Atari and Pong came out in 1972. So me playing Wolfenstein 3D and Indiana Jones is 20 years later. With Internet I remember dialing up to a colleague of my dad with the modem, and playing Command and Conquer. Now, this is one of my first memories of the Internet, and checking when this game came out, it was in 1995. But this was a horrible experience. The lagging etc. It would take a few more years before the MMORPG’s came out with Ultima Online in 1997. I didnt play that, and I don’t think online gaming really took of mainstream until WOW in 2004. That is 10 years later.
It is hard to compare, but once things get traction, they happen quick. The concept of the Internet has been around since the 50s, and it has been worked on and improved until it finally hit the masses in 1992-93. With Blockchain it has been the opposite way around. It was open source and it was made available to everyone in 2008. So we should see quicker growth. But smart contracts were not available until 2014 with Ethereum. And when you check out the blockchain based games and the userbase..my guess is that we are in the mid/late 70s. We’re playing Pong and a few select people have heard about Arpanet and the ideas of the Internet. Bands like Kraftwerk is popping up and Pink Floyd uses electronic elements in their songs. That’s where I believe we are now. Now, the 80s is just around the corner and the Commodore 64 and Atari and Nintendo were huge game changers if we compare with gaming. If we compare to the Internet I would say we are in the beginning before Command and Conquer. We are in 1993. There are some porn sites and you can chat. And people laugh about the Internet and asks “who is going to use this crap?”
Fast forward 25 years, and the Internet is STILL evolving every day. Everyone uses it. It’s everything. Its how we communicate and its how we run businesses etc. But there is a big problem with it, and that is that it is not secure and private, and for that we need decentralisation. Blockchain is giving the power back to the people – and ironically people don’t see a good thing when it happens to them. Finally we can break free of the chains, but people are reluctant. It’s hard to leave your masters. They do after all provide some safety. When slavery was abolished (in the West at least) many slaves had no idea of what to do. Life as a free person was even harder. Many forget that the life of the “free” irish and italian road workers was probably even harder than those of the slaves at the time. Freedom is hard. Many slaves returned to their former owners and continued to work for them.
So I see friends who are still waiting for Coinmarketcap to moon. They wait for the next bullrun. I’ve been telling them for months that they don’t have to wait, because it’s all ready happening inside EOS. But they just refuse to accept that. Eventually they will though, because they are the people who always lag a little bit behind the innovators and the pioneers. That’s OK..they’re not doing too shabby. And they are the people we need in this space. Eventually they will show up a bit late to the party, and we should be happy that the party is not ending any time soon. We showed up a bit too early, and many are constantly nagging the host about “won’t there be more people here?” When are they showing up? Is it only me? Why am I still sober?”
We’ve gone from Cryptokitties congesting the ETH network with 500 daily users to EOS completely revolutionising the Gambling industry and attracting 40-50k daily users in a MONTH! If anything, I’d say slow down a bit.
And please keep in mind that even though things go faster now than 30 years ago, it still takes time. And what has really happened with Internet the past 20 years? Sure it has disrupted shopping and the way we use banks. We use our phone for public transportation tickets, we chat instead of call, linear TV is being switched out for Netflix and HBO, and computer games are more social. But most people still shop groceries at the mall. Many people still watch linear TV and people still read analog books before they sleep.
Blockchain doesn’t have to change everything, and I don’t think it will. And not everyone will use it, not everyone will use crypto for payment. But we need it to be an option, just like downloading music became an option instead of buying CDs or DVD’s. Some people still buy those. And both the movie industry and music industry was forced to change. People started downloading illegal mp3, but once the music industry launched Spotify and other streaming sites for a cheap price, people couldnt be bothered to turn themselves into “criminals” anymore. It was not the “you wouldnt steal a car” campaign that did it, it was 10$ a month for unlimited free music that did the trick.
And thats what I expect will happen with crypto and blockchain. It will live side by side with the old world, and the old world will try to compromise and adapt. Or not..or it will be total and complete mayhem and they will strike down hard on our freedom and implement totalitarianism. I doubt it though. In the social chaos that will be a consequence of things like forced migration into the West, the welfare state and economic systems will be and are all ready put under extreme stress. It is the perfect timing for implementing another system, and it is a perfect scape goat for politicians and banks. “We did not know. We tried to do good” And perhaps they did. Doesn’t matter, but their system is the biggest ponzi of them all, and once there is no more of other peoples money to throw away on being “good”, the system fails. And Crypto raises from the ashes.
At least it’s a nice dream. I am completely obsessed with crypto, and there is no life without it. I believe many feel like that, and the more people who feel like there is no way back the stronger we become.
If you liked this you can also check out some of my other articles!
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