The Stable Flood Gates to an Interconnected Digital Economy
This is intended for readers that are at the very least minimally acquainted with the cryptoverse.
There are no political biases regarding the choice examples.
As always, please D.Y.O.R (Do Your Own Research)
So long as memory serves, there has only been one way into the crypto market — through other people, namely miners. Miners would extract the crypto-coin via some cryptographic computational method and then sell them on the open market (circa May 22, 2010).
Not long after this model was developed by the Bitcoin Ecosystem; other cryptos popped up and began proposing their own variants of digital assets; in turn expanding the digital economy. Initially, the cryptosphere was full of spin-offs of the Bitcoin Blockchain tech. This newfound variety bred adoption and that adoption turned into a parabolic price movement ultimately attracting heavy research and Development (R&D)
Circa July 30, 2015
The public meets Ethereum — the next best way into the crypto verse.
Positioning itself as the backbone for the coming crypto economic evolution, Ethereum was able to cast a net far and wide enough to capture the attention of digital nomads and entrepreneurs alike.
Infatuated with the principles of financial sovereignty and tokenization, building began. As you can imagine the building was slow and steady at first; but before anybody realized, development outpaced the markets “pockets”. With the introduction of the ERC-20 protocol, crypto communities began to sprout like wildfire!
Thousands upon thousands of projects began to launch, one after another. It seemed as though 100 years of idealization and creation all of a sudden decided to spur into the course of a few ICO months.
Then it happened.
Board the Rockets! 3 years of bullish effort is finally paying off. Everybody is jumping in. CNN can’t stop talking about it.
Not even a month after and Crypto becomes an evil taboo topic in the eyes of the public.
A large part of the market gets beaten out and scared off…
Houston we have a problem…
Circa: March 2019 – The Stable flux
Crypto has successfully marked it’s longest bear market.
Greatness 🤘; that means that was the longest amount of time + The most amount of money spent on(relative to the cryptoverse) + the already boosted ecosystem have given us time. Time to lay some groundwork and resolve the issues that allowed to so much value to escape in the first place. Time to develop intellectual property and a stronger more educated workforce. Time to explore designs and cybernetic architecture. Time for planning and preparations for the coming wave of developers, designers, and entrepreneurs…
Only this time the digital infrastructure will host, grow AND SUSTAIN the rapidly approaching Global Digital Economy. 🤓 Right?
Given that now, the world is not only aware of cryptocurrencies, but also becoming fond of crypto’s; it is time for us to ask the next question:
How are we going to experience Growth in the cryptoverse from here on in?
If we just take a look around the current state of cryptocurrencies we will without a doubt find that a huge influx of stablecoin projects has popped up. We can take this a step further and see that these stablecoins are readily available on the majority of exchanges and offer transactions to and from what was previously dubbed ‘Alternative Currencies”
Previously, participants were only able to enter the crypto-markets by the acquisition of a 1st tier crypto such as Bitcoin or Ethereum → which of course resulted in uneven supply vs. demand metrics and created hyper-inflated prices.
Hop on over to coinmarketcap.com and looking up the trading pairs for a stablecoin such as USDT you are no longer stuck holding highly unstable cryptocurrencies in order to participate in the market.
Stable coins will be the catalyst that shall drive the Great crypto Decoupling.
Stablecoin pairings, now offer the possibility to now enter and participate in the crypto markets with peace of mind. Assurance that your valuable assets will not be subjected to the swings of the crypto markets.
Picture the Digital Economy as though it was a building.
Stablecoins within the digital ecosystem are the equivalent to reinforced carbon beams in a building. The stable foundation, that allows for easier internal repair if/when needed and most importantly that allows for building Faster. Building Bigger. Building Forever.
Now you tell me… Is there an architectural need for stability within the design of the home?
-Introducing the Great Crypto Decoupling- was originally published in Data Driven Investor on Medium, where people are continuing the conversation by highlighting and responding to this story.