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Crypto May Be in a ‘Hype Circle,’ but That’s Masking a Fundamental Shift

Hype is not always bad, and it will help speed crypto adoption, as long as developers find ways to simplify adoption.

What doesn't run on hype at some level? It's how we drive things. Not all of it’s bad. The Internet was hyped ceaselessly when it first came into use. That hype helped push adoption at record speed. Today, Crypto, and bitcoin in particular are benefitting from massive hype. How will the hype affect mass adoption, one of the Holy Grail’s of Crypto enthusiasts.Roundtable’s guru for all things crypto, Rob Nelson, sat down with some of the brightest minds in the field to discuss The Hype. 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.

Geoffrey McCabe: “The hype is generating the use case for crypto now as getting rich, quick. things. It's all like weird monopoly money. Try to explain the importance of smart contracts. They don't, they're not interested. What they're interested in is something that looks cute and reminds them of the products that they're familiar with in their life. And Sheba changed everything because every single young person in their twenties that you ask will tell you they know a person that made a whole bunch of money off of Sheba. Crypto has now become “how do I get onto some sort of meme coin. Ask anybody in their twenties what they know about crypto, they'll start talking about the few brands that they know. So branding has become key.”

“The fundamental difference,” says Raamayan Ananda, “is that we're dealing with money and power in a different way. I think the fact that crypto represents money and that we're decentralizing value creation in a completely different way is what makes it different, what's gonna spark that outbreak of true mass adoption. We're at the beginning of a curve where it's like hype cycle crypto, like generic, whatever, but there's gonna be sophistication that has to come and we have to be the ones that simplify it and make it powerful for the end users.”

Watch the entire discussion:

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Roundtable Participants:

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.