At the point when German physicist Joseph Wilbrand first made TNT a long time ago, his aim was to make a honey-hued yellow color to be used in clothing. For several years, its unstable characteristics weren’t actually noticed, and in the UK it was even taken out from the Explosives Act since it was so extremely hard to detonate.

Nonetheless, its insensitivity made it the best explosive all through World Wars I and II. At the Battle of Jutland in 1916, the German armed force utilized TNT-filled explosives with very sensitive detonators that only detonated once they entered adversary ships, causing substantially more harm than older style lyddite explosives which exploded upon contact with the outside of the boat. TNT’s use in military weaponry skyrocketed from that point onward, and it proceeded to be utilized in most pieces of equipment in World War II–including mortar shells, grenades, and nuclear bombs. This all started with someone who just wanted to color his shirt yellow.

I believe, sometimes, we revere some advancements in tech and science without completely seeing how it works and how it affects things on a large scale.

This is not to say all technological advancements do not have their downside. They do, as with every other thing in the world, but the real question always is does the good outweigh the bad? In this article, I’m going to be talking about the elephant in the room — Crypto. Yes.

The lack of diversity is often listed among the core negative implications brought by the cryptocurrency and tech industry overall that definitely fuels egos, builds up irrelevant arrogance, and furthermore creates a bro club climate in the community. No matter whether you run a company and build a new community — the more diverse stakeholders you have, the more opinions and insights you’re likely to receive.

By hiring more diverse talent, especially in top management positions, crypto companies can contribute to the diversity of views in the field and create a conducive ecosystem where all stakeholders will have equal opportunities for growth and development.

“While we can expect to see more women getting involved in the crypto industry as it develops and matures, it would be valuable to these companies to actively include more women in leadership positions,” Adam Morris, founder of Crypto Head

Google and Amazon executives are quitting their cushy jobs to catch what they call a “once-in-generation” opportunity — crypto. Many believe cryptocurrencies might become [and actually already became] the next big thing in the world of tech, which will soon engage mass audiences.

Oh dear lord… the douches are coming…

Thus, tech enthusiasts, who share this vision, strive to contribute to the rapidly evolving crypto revolution with their own ideas, knowledge, and experience. Even stable jobs, a solid social package, and reputable names cannot outweigh all the opportunities that hover around crypto startups. Silicon Valley is currently full of stories about people riding crypto and the NFT craze in the hope of reaping substantial benefits in the future. And I am sure most of them will.

However, if we look beyond speculative mania and the rising crypto arrogance, we can witness a transformational moment that will reward those who spot opportunities at the right time and make a risky decision to shift their focus to innovation, leaving such an alluring comfort zone.

As cryptocurrencies are booming and show no signs of stopping, companies worldwide establish VC funds to keep the party going.

For instance, Coinbase, one of the renowned cryptocurrency exchanges, has launched Coinbase Ventures — an investment arm aiming to back companies launching innovative crypto projects. According to CB Insights, the fund made more deals in the third quarter of 2021 than any other firm on the market.

This unprecedented success often clouds investors’ judgment. Newly launched VCs usually fish for hype opportunities that will bring impressive ROI, neglecting the technology itself. This behavior undermines the entire concept behind crypto and blockchain, which will eventually slow down the development of the industry.

Being a tech field, the crypto space can’t do without programmers. For coders, the cryptocurrency field has much to offer: from open-source projects to startups with innovative ideas — software architects can choose the project to their interests and likes.

Besides, the crypto community provides substantial support to newcomers, guiding them at every stage of this endeavor. Access to open-source resources, expert consultancy, fundraising activities — the crypto field provides an array of opportunities to help tech entrepreneurs build their products and contribute to blockchain development.

However, equipped by solid community support and “pampered” by success from nowhere, many of them fail to network properly with people outside the industry and actually meet one on one. This poses a significant issue for cross-industry cooperation and the promotion of crypto among mass audiences. It feels like a giant echo chamber and all these talks and roundtables, often 3 times per week with the same audience, one cannot help but wonder, what can change in the span of a few hours, and don’t these people have a life?

NFT has been named the word of 2021. Today everyone able to draw a circle in the editor would call themself a digital artist and sell this “masterpiece” on OpenSea or any other NFT marketplace.

On the one hand, NFT provided users with more freedom to trade their assets regardless of their location, age, or background. On the other hand, it raised a set of ethical issues that lie on the surface but remain out of the public eye.

Let’s consider the following case: a renowned influencer was surfing the net in the hope of finding a new promising project to invest in when a new artwork came to his attention. As everything changes fast in crypto, he decided to jump in and encouraged his friends and followers to do the same.

Soon he discovered the project was a honeymoon spot, and his investment has gone into thin air. He made a post explaining the situation and motivating his followers to educate themselves more on Web 3.0 and NFT. While some from his community condemned him for these big mistakes, others put the loss down to their own greed.

I believe the growing arrogance and a blind bro culture were the core reasons why so many people suffered in this scam.

Don’t believe me? Read these articles: Here, Here, and watch this ad. The level of douchebaggery is high my friends and quite frankly, these people need and hug and do some sports ( Well maybe not Matt Damon).

More than that, the space is flooded with pseudo-artists willing to sell their basic works for big money. This arrogance is frequently fueled by marketers, who create artificial demand and motivate the community to invest in the project.

I believe objectivity, expertise, and security should become the guiding principles for the NFT community that would help build a secure ecosystem for all stakeholders involved.

I’ve always been an avid advocate of cryptocurrency [and I will be in the future for sure 100%], is the realm where I work, thrive, and is proven that the technology has so much to offer for the world plus the philosophy itself of what it represents keeps me pushing forward and makes me control myself when I want to slap a few people ( Once a Norwegian 20 years old told me his Defi project will save the whole of the South American economy; No Spanish was spoken, never been to the continent and his arepas / empanadas eating abilities were non existent- chances: 0%). However, as I mentioned in the beginning, every tech advancement has its positive and negative implications. And we should consider both sides of the coin to draw relevant conclusions.

So, to answer the question “does the good outweigh the bad?” — it certainly does! The crypto field is still at its early stage. It will transform significantly in the upcoming years to reach a higher level of its development, where new regulations and advancements will be introduced to address today’s challenges.

Pardon my riot but in order to become a black belt, one needs to be slammed on the face a few times, deal with it ;)

This article is for informational purposes only. Not all information will be accurate and only reflect the opinion of the author. Consult a financial professional before making any major financial decisions. It should not be considered Financial or Legal Advice. DYOR