Cryptocurrency bad rep problem
There are many problems with the cryptocurrency reputation. Here is a great compilation: Web3 is going just great
Scams, exploits, honest mistakes, lack of regulation attracting bad actors, VCs that put their money where their mouth is but cannot answer simple questions, fundraising for dubious events,… There is no shortage of things that may look bad in crypto, including VC money itself.
The skepticism of blockchain in non-crypto communities is out the charts, and people do not understand what’s going on with Reddit user’s hate of NFT avatars.
I see only three possible ways from here:
- Nuclear cleanse
- Quiet value creation
- Slow assimilation
Nuclear cleanse
As proposed by u/KAX1107. Fire has purifying capabilities, and so may regulation, both internal and external. It is unclear if something would survive, though. Personally, I believe crypto-skeptics and regulators are doing a good job in this regard, and sometimes it is not indiscriminate.
This is a risky option. It may become a witch hunt or a new type of Spanish Inquisition. This may be the current situation already (see the third option). This is something that may be overdone.
Quiet value creation
Personally, I thought this would be “a better way”: Do not tell them, show them.
To do that, start with a problem they have, and solve it. Do not even mention blockchain, let it be some kind of magic in the background. Only after it is solved, they are happy with the solution, and only if they really want to know the secrets of your magic, only then, mention blockchain and crypto.
Create value, solve problems and pain points, without even mentioning cryptocurrencies. In particular, problems that cannot be solved without blockchains and cryptocurrency.
Slow assimilation
I think we may be beyond the point where quiet value creation is possible. The Reddit NFT avatars and NFT card games bring the ownership of the physical items to the digital world. The blockchain and NFT aspects are not “in the face”, and still they result in an emotional and negative response.
They are solving problems, not promising Lambos, and they could not be quieter without giving NFTs to people without informing them of having NFTs (which some projects are doing, as a matter of fact), but no value creation is perceivable when there is no rationality left.
In this context, the only suitable option is the Plank’s principle, wait for new generations that are open-minded and that are able to benefit from the value creation (quiet or not) from the previous point.
Keep it up, and remember: your opinion matters.
Posted here after being deleted from r/CryptoCurrency.
