//The enemy isn’t other blockchain projects. Global adoption is our common goal. To get there, we need to do better.

The enemy isn’t other blockchain projects. Global adoption is our common goal. To get there, we need to do better.

This video, “The Third Industrial Revolution: A Radical New Sharing Economy”, by Jeremy Rifkin inspired this post. If you have not seen it and have a spare two hours, please get a drink, get comfortable and watch it. I promise it will resonate with you as a human being. This post will still be here when you get back.Why I believe in distributed ledger technologies (DLT)At its core, DLT represents a new form of communication technology. The Economist was right. The most groundbreaking part of DLT is the provision of trust through network effects and economic incentives. This trust allows the network to act as a value transfer mechanism. Whether the value being transferred is a unit of currency (BTC/BCH/LTC), a component of a protocol (ETH/ADA/EOS), a representation of network ownership (NEO/VET) or a utility token (XRP/XLM).Progression of revolutionary communication technologiesEach of these have been revolutionary in their own right and have caused massive social, cultural and financial changes in human history.speech/language = audio communication within a life spanwritten word = visual communication beyond a life spanprinting press = massively distributed visual communicationtelephone = audio communication at light speedradio = massively distributed audio communication at light speedtelevision = massively distributed audiovisual communication at light speedinternet = massively distributed audiovisual communication at light speed + network effectsthe internet has lead to the rise of massive companies through network effects. their net worth derived from the data network or network participants that they influence. amazon with market data and market participants. google with raw data from most of the world. facebook with social data. uber with their driver network. airbnb with their property network. etc.these companies are valuable because they have derived value from their network participants. by providing the centralised infrastructure, they own the data each participant supplies.The next step in communicationblockchain/DLT = internet + decentralised + trust = information AND real value transferdecentralised currency. decentralised market economy. decentralised big data. decentralised social networks. decentralised search engines. true IoT. no more large central repositories of information, power or value.this is the age, where instead of owning stock in large centralised companies, we own decentralised currencies and participate in decentralised networks. value is created and distributed through the decentralised market economy as people trade peer-to-peer network-to-network without intermediaries.This is still a long way away. Much of the world is still transitioning into the internet connected world. My long term hope is that we transition towards this decentralised economy in a stable manner, people truly own their own data and we become 100% energy self-sufficient with renewable energy.We are all on the same team. Positive news for one crypto is positive news for all cryptos. Let’s help each other to foster blockchain adoption.With the influx of new users in late 2017, I was hoping as a whole we would come closer to worldwide adoption of distributed ledger technologies and decentralised trustless networks. I think adoption is still slowly happening but as a community most of us have been tempted by Mammon and our dopamine addictions.I feel there are more traders looking to make quick gains than those who believe in the technology behind what they are buying. “Buying the rumour and selling the news” is the ultimate testament to the state of crypto. People are irrationally optimistic and looking to make a quick buck off each other by engaging in short term trades, timing the market pumps and dumps.I don’t mind the shilling. (As long as it’s thought out and logically presented, not mindless shilling e.g. XCOIN MOON) Shilling helped me find two very profitable investments, both of which I still hold. Shilling is good for crypto as a whole. It is optimistic, encourages adoption and gets people to engage and ask questions. Shilling is a dysphemism for advertising from an optimistic community. A fair portion of people only find out about new investments from shilling.On the other hand, I’m not a fan of the spread of FUD, in particular the spread of misinformation. The world today has enough “fake news”. We don’t need more bullshit being spread in crypto. If you think someone is flat out wrong, don’t attack their character or spout one of these. Prove why they are wrong with evidence. If you think a project is not promising, outline why you think that way in a rational manner with sources. Even better, why not make a suggestion how you think it can be done better? Add value to the crypto world as a whole rather than take away from other assets you perceive to be competition. Valid skepticism is important, validity needs to be logically and factually sound, not e.g. XCOIN IS A PUMP AND DUMP.Regarding blockchain competition…there is actually no such thing like Enemy in this industry, at least not at this stage. I don’t understand why people would do anything to jeopardise a development of Blockchain. It should be a open market and all of startups should work together to push forward the development of technology and applications to help the businessThese tenets guide me in both bull and bear marketsYour investment is not your sports team. Keep an open mind and ask questions.You can learn something from everyone. Everyone is a potential teacher.If you disagree with someone, try and justify why. (First to yourself, then others)We should all try to be honest about our intentionsDisclose your conflicts of interests if you have anyAdd value to the community. Spread knowledge and answer questions in your community. Correct misinformation spread by others with sources.Remind yourself why you got into crypto in the first place.The enemy isn’t other blockchain projects. Global adoption is our common goal. To get there, we need to do better.

This video, "The Third Industrial Revolution: A Radical New Sharing Economy", by Jeremy Rifkin inspired this post. If you have not seen it and have a spare two hours, please get a drink, get comfortable and watch it. I promise it will resonate with you as a human being. This post will still be here when you get back.


Why I believe in distributed ledger technologies (DLT)

At its core, DLT represents a new form of communication technology. The Economist was right. The most groundbreaking part of DLT is the provision of trust through network effects and economic incentives. This trust allows the network to act as a value transfer mechanism. Whether the value being transferred is a unit of currency (BTC/BCH/LTC), a component of a protocol (ETH/ADA/EOS), a representation of network ownership (NEO/VET) or a utility token (XRP/XLM).

Progression of revolutionary communication technologies

Each of these have been revolutionary in their own right and have caused massive social, cultural and financial changes in human history.

  • speech/language = audio communication within a life span

  • written word = visual communication beyond a life span

  • printing press = massively distributed visual communication

  • telephone = audio communication at light speed

  • radio = massively distributed audio communication at light speed

  • television = massively distributed audiovisual communication at light speed

  • internet = massively distributed audiovisual communication at light speed + network effects

    • the internet has lead to the rise of massive companies through network effects. their net worth derived from the data network or network participants that they influence. amazon with market data and market participants. google with raw data from most of the world. facebook with social data. uber with their driver network. airbnb with their property network. etc.
    • these companies are valuable because they have derived value from their network participants. by providing the centralised infrastructure, they own the data each participant supplies.

The next step in communication

  • blockchain/DLT = internet + decentralised + trust = information AND real value transfer
    • decentralised currency. decentralised market economy. decentralised big data. decentralised social networks. decentralised search engines. true IoT. no more large central repositories of information, power or value.
    • this is the age, where instead of owning stock in large centralised companies, we own decentralised currencies and participate in decentralised networks. value is created and distributed through the decentralised market economy as people trade peer-to-peer network-to-network without intermediaries.

This is still a long way away. Much of the world is still transitioning into the internet connected world. My long term hope is that we transition towards this decentralised economy in a stable manner, people truly own their own data and we become 100% energy self-sufficient with renewable energy.


We are all on the same team. Positive news for one crypto is positive news for all cryptos. Let's help each other to foster blockchain adoption.

With the influx of new users in late 2017, I was hoping as a whole we would come closer to worldwide adoption of distributed ledger technologies and decentralised trustless networks. I think adoption is still slowly happening but as a community most of us have been tempted by Mammon and our dopamine addictions.

I feel there are more traders looking to make quick gains than those who believe in the technology behind what they are buying. "Buying the rumour and selling the news" is the ultimate testament to the state of crypto. People are irrationally optimistic and looking to make a quick buck off each other by engaging in short term trades, timing the market pumps and dumps.

I don't mind the shilling. (As long as it's thought out and logically presented, not mindless shilling e.g. XCOIN MOON) Shilling helped me find two very profitable investments, both of which I still hold. Shilling is good for crypto as a whole. It is optimistic, encourages adoption and gets people to engage and ask questions. Shilling is a dysphemism for advertising from an optimistic community. A fair portion of people only find out about new investments from shilling.

On the other hand, I'm not a fan of the spread of FUD, in particular the spread of misinformation. The world today has enough "fake news". We don't need more bullshit being spread in crypto. If you think someone is flat out wrong, don't attack their character or spout one of these. Prove why they are wrong with evidence. If you think a project is not promising, outline why you think that way in a rational manner with sources. Even better, why not make a suggestion how you think it can be done better? Add value to the crypto world as a whole rather than take away from other assets you perceive to be competition. Valid skepticism is important, validity needs to be logically and factually sound, not e.g. XCOIN IS A PUMP AND DUMP.

Regarding blockchain competition…

there is actually no such thing like Enemy in this industry, at least not at this stage. I don't understand why people would do anything to jeopardise a development of Blockchain. It should be a open market and all of startups should work together to push forward the development of technology and applications to help the business

These tenets guide me in both bull and bear markets

  1. Your investment is not your sports team. Keep an open mind and ask questions.

  2. You can learn something from everyone. Everyone is a potential teacher.

  3. If you disagree with someone, try and justify why. (First to yourself, then others)

    • We should all try to be honest about our intentions
    • Disclose your conflicts of interests if you have any
  4. Add value to the community. Spread knowledge and answer questions in your community. Correct misinformation spread by others with sources.

  5. Remind yourself why you got into crypto in the first place.

The enemy isn't other blockchain projects. Global adoption is our common goal. To get there, we need to do better.