**Summary:**
In this video, the speaker discusses the challenges surrounding mass adoption of cryptocurrency and blockchain technology. He draws parallels between the current state of these technologies and the early stages of the internet. The speaker emphasizes the difficulty in changing people's mindsets, especially in older generations, due to ingrained beliefs and resistance to change. He notes that as older generations phase out, more open-minded individuals will drive the acceptance and integration of these technologies. The speaker also highlights the importance of younger generations in embracing change and driving innovation.

**Detailed Article:**
The speaker delves into the topic of mass adoption of cryptocurrency and blockchain technology, likening the current situation to the early days of the internet. He draws a comparison between the evolution of these technologies and the transformation of the internet into Web 3.0. The speaker emphasizes the significant advancements in AI, the internet of things, and machine learning that are being integrated into blockchain applications.

Addressing the challenges of mass adoption, the speaker discusses the reluctance of many individuals, particularly those from older generations, to embrace change. He attributes this resistance to deep-rooted beliefs and conditioning acquired throughout their lives. The speaker acknowledges the difficulty in altering one's mindset, especially when faced with novel concepts like cryptocurrency and blockchain, which challenge traditional notions of money, work, and value.

The speaker underscores the inevitability of older generations exiting the workforce and positions of influence, paving the way for more open-minded individuals to lead the adoption of innovative technologies. He highlights the role of younger generations in driving change and fostering acceptance of new ideas, such as tokenization and digital ownership.

Moreover, the speaker uses examples like the rise of video conferencing during the COVID-19 pandemic to illustrate how external forces can drive technological adoption even among resistant individuals. He contrasts the forward-thinking approach of tech pioneers like Jeff Bezos with the reluctance of traditional entities like Sears to adapt, leading to divergent outcomes in the business landscape.

In conclusion, the speaker expresses optimism about the trajectory of cryptocurrency adoption, citing the increasing interest from individuals who were initially skeptical. He envisions a future where more people, especially those willing to question conventional wisdom, will propel the widespread adoption of blockchain technology and usher in a new era of innovation and digital ownership.

Mindset is important! That is so true.

Minds work best like parachutes, open! Self assessment is very important.

As a side note, Ray Dalio admitted that BTC is a good invention, the other two mentioned still don't get it:

>I believe Bitcoin is one hell of an invention. To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly gaining popularity as both a type of money and a storehold of wealth is an amazing accomplishment.

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First the difference between generations makes it hard to change the mindset for older people and convince them of the value the cryptocurrencies are brining. Beside that I believe that companies already moved into the space and this trend will continue.

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I have embraced technology, but am not typical because I have an engineering degree and my husband has three.  The Professor made us early adopters of email and internet (we were also early adopters of the PC.)  I'm 58, so I would argue I have seen great change, e.g. from giant mainframes and IBM cards to the smart phone and the card catalog to the online database search (I'm also a librarian.)

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I would argue that one problem, however, with the youngest people is they are not developing a lot of critical thinking skills because they have grown up drowning in information.  That is where we old people come in, by teaching them to filter out irrelevant information, focus on a project, plan ahead, etc.  Their phones mean they tend to live from text to text, and their planning and attention skills are low. I say this as I have been teaching high schoolers math and literature and science at homeschool coops for a long time.

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Oh yeah, the older you are the harder it is to embrace change. It is also a preservation factor that kicks in at a certain age, I guess. You stop taking as many risks as you did when you where younger. And change is perceived as a risk.

That's another reason why younger generations adapt quicker to changes.

Plus, as you said, they have grown up in a society that has changed at a much more rapid pace than half a century ago.

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@taskmaster4450 I think many people are still not used to the change we are experiencing or let me say the growth look too rapid to them.....just like you said they need to change their mindset...

It definitely is tough but it is true that not being technologically savvy is a determent to society now. The internet, new IOT devices, cellphones and etc. are things that make things more difficult if you don't know how to use it. It's also why Elon Musk and Tesla had difficulties. These Wall Street people and banks didn't understand how this technology so they tried to crush them in the stock market. If it wasn't for the those who understood how game-changing the technology was, Tesla may of went under and many car industries would still be stagnant.

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Well crypto really isn't relatable to most people at this time with the exception of a few brilliant bunch. The problem is that's a minority population not the majority. So crypto has very little use or value to most people. That's partly i believe because we don't do a good job explaining it ourselves.

Crypto is still a new frontier of trying to figure out what needs to be on a blockchain and what doesn't. I fall in the camp of crypto doesn't have many significant uses at this point. Some believe it has many uses just use your imagination. The issue is none of this comes across relatable or relevant to the average citizen of the world out there.

There doesn't follow any sense of urgency or demand in the scope it can be meaningful in their lives. The people in crypto now i believe are the people who can see the future. Blockchain tech has a future i just don't think the time or uses we have now are going to resonate with people in the way we'd like. I think its down to just consider what would be your top selling point to get me to use cryptocurrency today? How important in my personal life would this be? Would it create any sense of urgency like needing a vaccuum cleaner, lol. If the answer is no. Then thats the answer you're going to get from most people.


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