How Cryptocurrencies Can Make the World Better

But there is also a crypto version of the paradox of success — the more crypto prices increase, the more attention is paid to price alone. As a result, the gravitational pull is so strong that it detracts from the technology’s overall utility and potential. In the U.S., crypto and digital ledger technologies are viewed by the mainstream more like a get-rich-quick scheme and less like a new form of the autonomous, peer-to-peer, distributed networking platform. Expecting people to get excited about a new application layer is unrealistic and unfair. Instead, we’ll look at a few ways that cryptocurrencies and digital ledger technology (aka blockchain) represent a fundamental shift in how we coordinate and organize at a societal level.