Op-Ed: A “Bit” Of What I Learned In 2017
2017 no doubt has been an interesting one with me, with two geographic moves within the U.S. and a new significant other. It has also been an experiential year for me personally regarding the everyday use of bitcoin and crypto. At times it’s been nerve-racking, with moments of pure fascination sprinkled in.
Thought I’d close with 7 thoughts as we head into the New Year. Have a great 2018. Here goes:
Lesson 1: Uber, Lyft, and Cab Drivers are the most interesting conversationalists when it comes to crypto. I had a driver a couple of weeks ago that came inches away from getting us in an accident while we were talking about bitcoin’s price growth since its early days. The song Roadhouse Blues by The Doors immediately popped into my head.
Lesson 2: Paying Rent In Bitcoin is a real rush. My landlord in Las Vegas said “YES!!” immediately when I asked him whether that would be an option. The problem is, he got a little bit behind in paying the mortgage because he was salting away the bitcoin I sent him.
Lesson 3: Altcoins and Tokens make me a bit nervous. Particularly with all of the ICO campaigns that are popping up with regularity these days. Sorting the wheat from the chaff to determine which ones are legit is a pain. So I steer clear of all but five.
Lesson 4: I’ve grown to hate the user experience for most crypto sites. Many of them are poorly constructed, clunky and challenging for the average, everyday user. This glaring issue, in my opinion, needs to be corrected in order for crypto to have any chance of truly becoming mainstream.
Lesson 5: Bitcoin and alt currencies are rapidly losing their credibility as a P2P financial transaction mechanism. Let’s face it; all people are talking about these days is INVESTMENTS and PRICE. Satoshi Nakamoto must be rolling over in his grave.
Lesson 6: If you have skills as a journalist and writer, particularly as it relates to white papers, web content, and proposals, and understand the blockchain/cryptocurrency space, a motherlode of paid opportunities awaits you in 2018.
Lesson 7: Bitcoin’s impressive advancements continue to be peppered with claims that its nothing but a haven for illegal activity. I was reminded of this the other night while attending a neighbor’s Christmas party. With food spraying from his mouth, he began rambling on about Bitcoin was likely a big Ponzi scheme and honeypot for nefarious actors that the Feds were going to take down in due time. Rants like this tell me that all of us in the global Bitcoin community needs to do a better job of countering this sort of nonsense.
In the end, we determine our destiny, not all of the outside forces that are insistent on taking the greatest technological advancement known to mankind down.