Focused On Fundamentals: Micropayments
For anyone involved in crypto, you may have witnessed a larger-than-average decline in BTC during 2022. In this article, I will share my perspective as a long-time proponent of Bitcoin and my shift towards focusing on one blockchain optimized for micropayments.
Having been involved in the crypto craze since 2013, including the wild ride of 2017/18, I have witnessed the evolution of Bitcoin from BTC to BCH to BSV. Unfortunately, the crypto "market" has devolved into a large casino operation.
The Importance of Fundamentals
The reason I am now laser-focused on micropayments is simple: fundamentals. While many have profited from the crypto craze, true innovations often take time to mature. Bitcoin, while popular, left out an important aspect: micro-payments. Instead, it opted for the label of "digital gold," neglecting those who live on less than $2 a day.
The Untapped Potential
Despite the lack of interest from most crypto enthusiasts, micro-payments remain an untapped area. We are approximately halfway through a 30-year window, where significant innovations typically arise. Ignoring this aspect could result in the duplication of existing technologies in what industry experts call #Web2.
Learning from the Past
Some may believe that the trillion-dollar crypto industry is too big to fail, but history tells a different story. Look at the examples of DigiCash, eGold, and Mojo Nation. Similar situations have occurred before, and there is much to be learned from them.
Exercise Caution and Do Your Research
While the manipulation and greed in the crypto space may seem unstoppable, they will eventually reveal their true colors. Recent incidents involving stable-coins, crypto lenders, and popular blockchains serve as a reminder to be vigilant. Engage in thorough research, avoid chasing quick money, and only invest what you are willing to lose.
In conclusion, I advocate for a focus on the fundamentals of micropayments in the blockchain industry. By understanding the importance of this aspect and remaining cautious, we can navigate the volatile world of cryptocurrency more effectively. The Great Reset may be necessary, especially if BTC falls below ~$21K.