Blocks of Trust
How many people do you know making money out of crypto? This is the question I got asked today from a local business guy that I got to meet and talk to for a few hours this afternoon. The answer to the question was: one ser, me.
So, this guy is heavily involved in real estate. He owns land in our home town, has a few apartments in Bucharest, the capital of Romania, bought one recently in Niece, France, has his own guesthouse in the area he has a consulting firm, is into politics, and so on and so forth. He's a smart ass and he clearly likes to brag about it.
He doesn't know crypto, though... He owns a bunch of coins, he doesn't even know exactly what he owns, he said he has a few friends who are into crypto who never made any money out of it, but he clearly doesn't get it.
In almost two hours of conversation, mostly real estate and crypto-related one, he kept on trying to convince me that crypto is not palpable and that real estate is a better and safer option. It's like comparing apple to carrors, I said.
I agree that over time real estate has appreciated a lot and you pretty much can't loose investing in real estate and anything related, but that doesn't mean crypto is not palpable or that it doesn't have a future.
Who would have thought that an online app would revolutionize human relationships and interaction like it happened for the past decade or so? No one saw facebook coming, but it is now probably the most used social media app in the world. It is the app that can get you a date, get you married, divorced, famous or make you tons of money.
The same happens with blockchain technology and cryptocurrency. What this tech is aiming at is disrupting the palpable and "redefining the immutable". The demand for digitally interconnected networks is already here, we are now seeing that we clearly need new governance systems as well and it's more than obvious that the current financial system needs to be disrupted.
Crypto is actually palpable, you know. That's what I told this guy in the end of our conversation in the way that no one can manipulate data on a blcockhain, or dim its transparence in any way. No one can take my account down on Hive or block me from monetizing it. The same way real estate has gained value in the past few decades, crypto will do that as well.
The difference is in the growth rate, where cryptocurrency is an exponential beast. As talked about in a recent post of mine, the worst time to be out of crypto would probably be now. Why wait for the masses to catch up when you can have a headstart?
Looking at the mass psychology regarding crypto and their ardent attitude towards it being dead or close to death makes me feel we're so close to a bottom in the market and also lucky to be able to stack and earn through Hive. Crypto is palpable as hell, I have no doubt about that.
Thanks for your attention,