Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Goodcat49 on August 08, 2020, 09:17:30 PM
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Decentralized technology is liberating yet intimidating to crypto-beginners. How can DeFi projects ease this transition for users?
Many speculate that mainstream adoption of cryptocurrency is dependent solely on improving ease of access and user experience. In reality, there’s an even bigger obstacle: a mentality shift.
Self-sovereignty and personal autonomy are the endgame of this technology, and with that goal comes a significant increase in personal responsibility for one’s funds. This is totally at odds with people’s traditional financial experience so far; the legacy system takes away your autonomy and replaces it with convenience, offering useful tools related to fraud protection and password management. By comparison, cryptocurrencies, decentralized finance and other forms of distributed technology fall on the other end of that spectrum, providing the ability to have true ownership of one’s worth.
For many crypto-beginners, the liberating elements of crypto and financial freedom are promising but intimidating since security is passed from the hands of a third party directly into the hands of the consumer. To bridge the gap between convenience and security, our industry must place greater emphasis on user experiences and familiar tools to ease a consumer’s mentality shift.
https://cointelegraph.com/news/mobile-defi-and-the-shift-toward-self-sovereignty
(https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8wNDk4NzM3MTUzMWM5YzY1ZTIzMjdhYzc3YmE4MjlhMS5qcGc=.jpg)
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Two words here can be at play: liberating and intimidating. Personally, this happened to me since to me cryptocurrency as it is now can be freedom though it should always be with common sense and responsibility. This is something that all of us can enjoy, that feeling that we are autonomous and empowered. However, just like any new technology there are learning curve and sometimes this can be painful because we have the tendency to make mistakes being humans. Plus we are being exposed to so many scams and hacks all around us making cryptocurrency like a sea with many fishes (including human-eating sharks).