Skip to main content

How Crypto Mass Adoption Is Different From Internet Web 2.0

Why is mass adoption of crypto taking so long, and what exactly do we mean by mass adoption, anyway?

What are we waiting for? Godot? The Messiah? Or just the Number 5 bus? For years, Crypto advocates have been promising that each year will be the year the masses adopt Crypto. But why is it taking so long? Is it never going to come, like Godot? Is it an article of faith, like the Messiah? Or is it just on a schedule that’s not posted anywhere and might have hit a traffic jam, like the Number 5 bus? To delve into the reasons for this delay, Roundtable’s guru for all things crypto, Rob Nelson, sat down with some of the brightest minds in the field to discuss the Great Wait. Click above to listen to a discussion with Alex Mascioli, co-founder of Trade the Chain: Raamayan “Raam” Ananda CEO and founder of Veme Technologies and an artist, teacher, musician, poet, author, yogi and social activist; and Geoffrey McCabe, founder & CEO of The Divi Project.

Alex Mascioli: “Every year we talk about mass adoption, and the year before this, we were like, oh, it's here. And the year before that, we were like, Hey, it's almost here. Mass adoption has a lot of different meanings, and one that's different this year than last year, [when we saw] institutions jumping in, is that this year we're starting to see how it actually is benefiting people who may be forced to adopt it. Mass adoption still has quite a ways to go, until it hits the actual definition of what we all think it should be, but it's en route and it's being helped by outside non-crypto issues.

“The bridge to adoption is simplicity,” says Raamayan Ananda. “Look at why Coinbase and these platforms have so many users, and they're not full web three yet. You can log in with an email and a password and it seems like everything else you use, and you can go and click a few buttons and use your credit card and buy crypto. So, you know, for the basic user, you need that level of simplicity. We have these beautiful, incredible fringe users who are pushing the boundaries of what's possible… [but] I think we have to understand the mentality of the average person. This is why I think NFTs have become such an important piece of driving adoption into the space, because the core motivational drivers are simple: I'm gonna have a collectible. I can make money and feel part of a community that's relatable.”

Roundtable Participants:

Scroll to Continue

Recommended for You

Alex Mascioli, co-founder of Trade the Chain

Raamayan “Raam” Ananda, CEO and founder of Veme Technologies and an artist, teacher, musician, poet, author, yogi and social activist

Geoffrey McCabe, founder & CEO of The Divi Project.

Watch the entire discussion: