Bitcoin Q&A: Why Mainstream Adoption Will be Neither Gradual nor Radical

3 years ago
9

Keywords/phrases: Decentralization as the final goal: will the transition be through radical change or a gradual transformation? Disruptive innovation never works in a gradual fashion, rather punctuated equilibrium. We see this in science, technology, politics, and society. Systems build up energy until it reaches a tipping-point event. Mainstream adoption won't be done because of a whim but because of a desperate need to escape failing systems. We don't need the acceptance or permission of the old traditional systems; people will opt-in when they are ready because these technologies are useful. "Innovation from within" with large organizations doesn't happen; most get disrupted from the outside and few survive in their original form.

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