Written by VontariusF

Abstract

We will see the mass adoption of quantum-embedded crypto technology within the crypto industry before we see the mass adoption of crypto IRL.

This is the hill. The hill that even quantum newbies & quantum pros will agree on despite the ever amount of distance that spans between their knowledge of crypto & quantum. Those who have an amalgamated mix of both understand this as inevitable, those who understand quantum more than crypto understand this as inevitable, and those who just understand crypto are in denial.

Its worth noting that this is naturally by design, emerging technology adoption begets emerging technology adoption. Those who even have a sliver of inclination to pursue the means to evolve understand there are more threats that come along with it, even if they aren’t fully aware of what those threats are. This is due to the natural competition to push the boundaries of innovation that occurs within the crypto space which is typically spurred by visionaries who seek to evolve the narrative & niche-specific aficionados who have enough foresight to point out the hazards that mark that path.

The Issue With Mass Crypto Adoption

The issue with mass crypto adoption is there exists a mix of underlying & overlying factors that influence the rate at which adoption will occur. The most important are at the human level & my favorite which comes from The Diffusion of Innovation Theory by E.M Rogers. There currently exist five archetypes at the adoption level.

1. The Innovator - The first to jump in & test the waters. They are exploratory by nature & seek to be at the forefront of innovation. Their risk appetite is much larger than most that follow along within the adoption curve.
2. The Early Adopter - They may not be the first to embrace the change but they remain amongst the earliest to do so. They’ve weighed more of the risk/reward ratio within their heads & have learned enough from the innovators that they can assume the credibility of becoming a thought leader.
3. The Early Majority - Involved early enough to be considered earlier than most, involved late enough to be considered tardy to the party. These individuals show up just in time to catch the wave while being risk-averse enough that they aren’t too battered by how fresh it is.
4. The Late Majority - These are the people who show up after telling you how it's not worth going to. They’re the fudder. Think of the people who said “The internet is a fad “. They exist with a higher degree of skepticism than most & become involved more once they see everyone else has navigated the path already.
5. The Laggard - These people showed up because they had no choice but to do so. The innovation they avoided exists everywhere & they have no choice but to adopt it because its the way things are now. Think of people who avoided cell phones because they were more comfortable with house phones. Yes, your grandparents are most likely laggards.

Source:

Diffusion of Innovation Theory