Ben Kageyama
1 min readMay 17, 2021

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The language is a barrier to entry because it's so new.

When better communicators eventually adopt the technology, the space will be made more accessible to everyone. I'm sure the internet was a hard concept to grasp when it first came out.

Coins have an incentive to make their systems easier for people to digest. If people understand and trust how it works, more people adopt the service. If people distrust the coin, its services and value will fade into obscurity.

Cryptocurrencies, like Anchor (https://medium.com/terra-money/introducing-anchor-25d782cbb509) which gives 20% interest on a coin pegged to the dollar, allow people to become the banks.

Compared to the 0.03% interest earned in most accounts in the US, that feels pretty liberating to me.

But I agree. The Crypto space still has many problems and is prone to manipulation, hype, energy inefficiencies, and scams.

The solution isn't to dismiss the technology but to address those problems.

Cheers!

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Ben Kageyama
Ben Kageyama

Written by Ben Kageyama

Truth is stranger than fiction. I write about both. || benkageyamawrites@gmail.com

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