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The Mysterious Development Curve of Crypto

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On April 20th, Wang Huiwen, co-founder of Meituan and former Senior Vice President of Meituan Dianping, stated in an interview with 36 Krypton that the core factor affecting Crypto

The Mysterious Development Curve of Crypto

On April 20th, Wang Huiwen, co-founder of Meituan and former Senior Vice President of Meituan Dianping, stated in an interview with 36 Krypton that the core factor affecting Crypto’s development curve is not necessarily technology, and Crypto’s development curve is not necessarily the same as the internet/mobile internet. Therefore, it should be kept open minded. If we use technology to discuss, it has already been classified as technology, but why must it develop according to the technology curve? Even if it is assumed to develop according to the technology curve, there are different curves in technology, as well as differences between the Internet and electric vehicles.

Wang Huiwen: Individuals do not own Bitcoin, and the development curve of Crypto may not necessarily be the same as the internet, mobile internet

Introduction

As cryptocurrency gains more and more attention, the technology’s developmental curve draws greater scrutiny as well. Among the questions in focus are whether Crypto will develop according to the same curve as the internet or the mobile internet and what the core factors are that will affect the pace of its development. In an exclusive interview with 36 Krypton, Wang Huiwen, co-founder of Meituan, shared her views on this perplexing phenomenon.

Crypto Development Curve

According to Wang Huiwen, the development curve of Crypto is still shrouded in mystery because we still do not have a complete understanding of the technology’s intricacies. While the development of most technologies follows a well-defined curve, technology experts have long discussed whether the same could be said of crypto. Furthermore, Wang asserts that even if we assume that crypto will stick to a traditional technology curve, the technology curve itself is not a uniform one. Crypto will require a different curve, an individualized one that meets its unique requirements. The quest to decipher the exact developmental trajectory and eventual outcome of Crypto still continues.

Role of Factors Other Than Technology

Another compelling aspect of this perplexing phenomenon is that technology is not the only factor that will affect the pace of Crypto’s development. Wang Huiwen is of the opinion that the most crucial factor is keeping an open mind and being adaptable. This is because it is responsible for creating an environment that is congenial to the development of crypto. A welcoming context will encourage investment, innovation, and ultimately, the growth of the technology. This is even more crucial for an industry in its early stages of development. Thus, while Crypto may require specific technology developments to flourish, it also requires collaboration and cooperation from the business world and policymakers to achieve its potential.

Differences Between the Internet and Crypto

If we compare Crypto’s developmental stages to that of the internet, a fundamental difference between the two becomes immediately evident. While the internet’s development was slow, Crypto is evolving at an unprecedented pace. This pace of change is due to the different types of users in each industry. The internet has billions of consumer users, making the rate of change slow, but crypto has a limited number of user types, so developers can make changes more quickly. Additionally, there are notable variations between Crypto and other technologies such as computer hardware, smartphones, and electric cars. Therefore, it is recommended not to draw comparisons, but instead to consider each technology’s uniqueness, challenges, and opportunities.

Conclusion

Wang Huiwen’s opinion on Crypto’s developmental curve is thought-provoking, but the cryptocurrency industry remains unpredictable. However, with the right mindset, collaboration, and innovativeness, Crypto will show exceptional growth potential, transcending the limits of the traditional technology curve.

FAQs

1. What factors affect the developmental curve of Crypto other than technology?
Ans. The factors that affect the developmental curve of Crypto are keeping an open mind, being adaptable, and collaborating with policymakers and the business world.
2. Does the developmental curve of Crypto conform to the traditional technology curve?
Ans. While we assume that Crypto will follow a traditional technology curve, the curve itself is not uniform, and Crypto may require a tailored approach.
3. What are the differences between the developmental stages of the internet and Crypto?
Ans. The development of Crypto has been faster and more explosive than the internet’s. It is primarily due to the differences in the number of user types between the two industries.

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