Fighting Fear With Facts: EXACTLY What Crypto Needs Right Now
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Crypto has an image problem. The complexity of blockchain technology and perceived clandestineness of crypto-related activity begets confusion and fear. A recent major media publication’s article about money laundering with crypto is the latest example of pandering to crypto fear. Crypto is, by its intended design, an alternative means of transmitting value. This naturally results in fear by the individuals and systems who are deeply embedded and dependent on the current status quo. As human beings, we are prone to neophobic tendencies. We fear what we don’t know and what we don’t understand. We fear things that threaten our security and power. It’s how we’re wired. As a result, fear appeal is a tactic to combat disruption. Politicians wield it, the media persists it and social interaction loudly echoes it in 280-character increments.