The American businessman and magnate, Mark Cuban, shared what he believes are the points to improve within the cryptocurrency ecosystem. The bitcoin (BTC) enthusiast considers that decentralized governance systems are poorly understood and that the marketing around digital assets is “beyond horrible.”
Through a thread published in his account on Twitter, the executive indicated that cryptocurrencies and their multiple applications are evolving in real time. For Cuban the current prices of crypto assets are a reflection of the demand that exists, but that it is not enough that networks process more transactions per second or that they charge less commissions.
«Without users, what is the value of a blockchain or L2 (second layer) solution? They have not yet figured out how to sell. They pay bonuses to developers, for liquidity and validators. But they invest little in marketing to attract users “, reflected the owner of the Dallas Mavericks team in the NBA.
The billionaire clarified that marketing within the ecosystem is not push the price of a cryptocurrency , but measure the value that a network can offer. The future among projects of this type, according to Cuban, is that people use them to buy things or if they obtain another utility.
Teach about Bitcoin and its future
After questioning the little understanding of the governance and marketing systems that the projects should develop, Cuban highlighted as a third element that users are taught, that is, that they are shown how they can take advantage of the products or services offered by a particular platform, for example.
In relation to the scope that cryptocurrencies would have as the new form of money, the businessman was clear when saying that it is a generational technology, and that, as such, it takes a «generation to grow up”.
Cuban explained that, once all these steps have been completed, then digital assets such as bitcoin will have entered a maturation stage. Development and adoption would reach such a mass level that society will wonder how they could have lived without cryptocurrencies. Even Cuban recently said that both bitcoin and ether, the native cryptocurrency of the Ethereum network, will perform better than the S&P 500 index in the next 10 years, as reported by CriptoNoticias.
In Another series of messages published on the social network, the businessman stressed that the demand for digital assets will only grow if they are useful, because otherwise it would all be lip service. At this point he gave as an example what happens with DOGE and said that it is possible that the users will turn it towards a new direction and consolidate it. It must be remembered that the basketball team de Cuban accepts DOGE as a payment method.
In the past, Cuban has referred to the dynamics of cryptocurrencies. In a report published by this newspaper in January this year, the executive said that supply and demand is the only thing that gives value to bitcoin.
