It is often believed that the rise of something new signals the death of something old. For the most parts once we figure out easier ways of doing things we often adopt it to the detriment of the previous, less effective ways.
This is rightfully how transference of guard goes though. We have seen examples in many facets of life from evolution to science, technology adoption and business. It seems figuring out better and more efficient ways of doing things is the new trend. This drive towards efficiency sometimes comes at a cost, as we make many mistakes in the name of efficiency.
What I mean is that sometimes the newer ways proposed do not necessarily make things better, even though hypothetically they should. Having a solution that solves one problem while creating two other problems will likely be rejected in favor of maintaining the status quo. For innovation to be trusted, it needs to genuinely solve the problems it intends.
Even then, there are no guarantees that we will abandon the new ways for the old. The so called parameters for determining the successful adoption of a new innovation don't seem to be consistent with each other. This is why even after having a great product on ground, there is still a lot of effort geared towards making it known and getting people to actually try it out.
Crypto's Proposal
Many feel blockchain technology will replace the traditional system seeing its obvious superiority. There is a lot of rational thinking to this, but I think it is generally incorrect to think that way. This is because the traditional system has proven an obvious staying power and is characterized by a heavy regulatory support. Going in guns slinging is not going to work, as we can clearly see.
Symbiosis
Rather, what will likely work is a form of cooperation where crypto adds value to the traditional system and improves on existing methods until it gradually phases out the need for those old techniques. We are already seeing applications in various sectors trying out this approach (especially sports and finance) with varying degrees of success. Eventually, there will be a natural tipping point and we will have no need to try and force innovation on anyone.
Hive's Approach
I am often mindful of the fact that Hive can fail despite its obvious value proposition if enough people don't get to realize what it is and does. It is perhaps
why am impressed with the second layer projects which harp on application in other sectors that provide their own unique value offering. Splinterlands (gaming) and leofinance (finance) will reach more people overall and show just how an evolved system with crypto does provided improved benefits to the end user.
Posted Using LeoFinance Beta