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I've been talking crypto left and right so ardently and I'm actually doing that for years now. I'm a blockchain and cryptocurrency believer and I consider that this new revolutionary tech has the ability to drastically change our lives and it can do that in a positive manner.
To be honest most of the ones that I have interacted with in talks regarding crypto couldn't grasp it in a few minutes talk. Unless you create yourself a wallet and start doing some small transactions you can't really comprehend this new sort of money, and I get that.
We're used to have ease of use and to somehow be passive users and owners of our accounts, data and funds. When there's something wrong with your bank account and you can't access your funds you call the bank, when there's a difficulty in understanding, you get online with a consultant and so on.
Who do you call when you can't figure out how to use a wallet, send some funds or if you lost your keys? I'd say you don't have too many options at hand. Crypto indeed has managed to provide us with total ownership and probably total privacy as well for our personal funds, but it's kind of tricky to use if you're a total noob.
Will there ever be "crypto banks" to do that job for us?
Probably, and those would somehow ease the process of dealing with crypto and safely store it. Safely in terms of not loosing your keys, but aren't we coming back to where we started from if we do it like that. There's probably gonna be some sort of a decentralized way of storing your keys and making sure you won't loose your funds forever, but how would you authenticate yourself...
One form of authentication that crosses my mind right now is biometrical data and if you follow my blog for a while then you definitely know I'm totally against such practices and I consider them highly invasive. What if we could have such authentication methods on blockchain, in a decentralized matter, safe and private, wouldn't that be cool?
Probably...
I saw a tweet a couple of days ago with an add from HSBC saying that: your DNA is your data and somehow hinting at a fact that at some point their gonna use biometrics more and more into the years to come and we will probably get to that point of using microchips to identify ourselves and to be able to function properly in society.
I have pondered a bit about such a scenario and was thinking in what way would I accept such a chip... I honestly don't like this idea, but the only way I would accept it is for the network to be decentralized, my data not to be stored on any centralized data base whatsoever and somehow not to be tracked in any way.
I was also thinking that at some point we will have wallets that would generate the private keys based on our fingerprints for example, or other types of biometrics and our fingerprints to be mandatory for recovering the keys and restoring the wallet instead of having a software generating some random words that we need to memorize or store them safely and be stressed about them.
Ease of use is what will push the mass adoption of crypto further and it's clear that many things will change in the years to come. I had a post a few days ago about what would be the next big thing in blockchain and I think I have found my answers. A better way of owning your crypto address and private keys that don't require external storage other than our own biometrics.
What do you think, am I full of crap or this thing could really happen?
Thanks for attention,
Adrian
