{"id":301206,"date":"2021-02-12T07:20:07","date_gmt":"2021-02-12T12:20:07","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=301206"},"modified":"2021-02-12T07:30:00","modified_gmt":"2021-02-12T12:30:00","slug":"why-crypto-is-under-hyped","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2021\/02\/12\/why-crypto-is-under-hyped\/","title":{"rendered":"Why Crypto is Under-Hyped"},"content":{"rendered":"\n<p>It seems right now the world is ablaze. Elon Musk tweeting in favor of DOGECOIN, the (even more) astronomical raise of Bitcoin (starting at nil, then to $300, to $1000, to $25,000, then crashing, then raising up to ~$50,000 territory).<\/p>\n\n\n\n<p>I then thought:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Perhaps crypto-currencies and crypto-technologies are far under-rated and under-hyped.<\/p><\/blockquote>\n\n\n\n<p>Let us think: in the year 2035 (14 years from now), the last <a href=\"https:\/\/erickimphotography.com\/blog\/2020\/08\/08\/bitcoin-and-cryptocurrency-for-photographers\/\">Bitcoin<\/a>\/Digibyte(DGB) will be mined. Simple thought experiment:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>In 14 years, do you think crypto (whether crypto currency, crypto technology, etc) will be used <em>MORE<\/em> or less?<\/p><\/blockquote>\n\n\n\n<p>And also think of a basic sociological and technological shift:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>14 years from now, will we use our phones and technology and the internet *MORE* or less?<\/p><\/blockquote>\n\n\n\n<p>If studying China has taught us anything (they are all already on top of the WeChat\/WePay game), all currency, human interactions and transactions are digital. Seeing now that we are (finally) starting to care more for privacy (end-to-end encryption on messenger services, Android users flocking to Apple for more privacy, as well as the raise of Brave Browser\/DuckDuckGo and other privacy products), it seems that crypto will be 10000x more important in the future than we can ever imagine.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-thinking-14-15-years-ahead\">Thinking 14-15 years ahead<\/h2>\n\n\n\n<p>It is hard to think so far ahead, but I think back. I am 33 years old now, and it was only 12 years ago when I was 21 years old (graduating college). To be frank, when I look at my college self and my present self, I don&#8217;t really feel different. For the most part (besides some more wrinkles on the side of my eyes) I look the same, feel the same, have mostly the same values, and actually even now &#8230; I am <a href=\"https:\/\/erickimphotography.com\/blog\/2021\/01\/23\/eric-kim-475-pound-sumo-deadlift-one-rep-max\/\">stronger<\/a> and <a href=\"https:\/\/erickimphotography.com\/blog\/2020\/06\/04\/how-i-became-stronger-and-buffer-and-more-swole-during-and-after-quarantine\/\">buffer<\/a> than I was in the past.<\/p>\n\n\n\n<p>Once again &#8230; 14-15 years will pass like nothing. Why not <a href=\"https:\/\/erickimphotography.com\/blog\/2021\/02\/10\/the-joy-of-speculation\/\">speculate<\/a> in crypto?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-crypto-thoughts\">CRYPTO THOUGHTS<\/h2>\n\n\n\n<p>Brave new world for <a href=\"https:\/\/erickimphotography.com\/blog\/2018\/08\/09\/bitcoin-for-photographers\/\">photographers and crypto<\/a>:<\/p>\n\n\n<ol>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2021\/02\/10\/the-joy-of-speculation\/\">The Joy of Speculation<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2020\/08\/08\/bitcoin-and-cryptocurrency-for-photographers\/\">BITCOIN AND CRYPTOCURRENCY FOR PHOTOGRAPHERS<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2020\/07\/23\/why-i-bought-bitcoin\/\">Why I Bought Bitcoin<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2021\/01\/04\/crypto-photography\/\">Crypto Photography<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2020\/12\/28\/crypto-thoughts\/\">Crypto Thoughts<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2020\/12\/29\/on-making-money-from-nothing\/\">On Making Money from Nothing<\/a><\/li>\n<\/ol>","protected":false},"excerpt":{"rendered":"<p>It seems right now the world is ablaze. Elon Musk tweeting in favor of DOGECOIN, the (even more) astronomical raise of Bitcoin (starting at nil, then to $300, to $1000, to $25,000, then crashing, then raising up to ~$50,000 territory). I then thought: Perhaps crypto-currencies and crypto-technologies are far under-rated and under-hyped. Let us think: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":219947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-301206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/erickimphotography.com\/blog\/wp-content\/uploads\/2020\/03\/bitcoin-camera-money-ERIC-kim-orange-.jpg?fit=1383%2C952&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/301206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=301206"}],"version-history":[{"count":7,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/301206\/revisions"}],"predecessor-version":[{"id":301227,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/301206\/revisions\/301227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media\/219947"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=301206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=301206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=301206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}