In what phase do you think we are right now: “They laugh at you“, “They fight you“ or did they already “accept“ Crypto?

Probably one of the most used quotes when it comes to crypto mass adoption from the beginning to now is: “First they ignore you, then they laugh at you, then they fight you, they you win“ by Gandhi. He used that quote during his peaceful revolution against the british empire.

One similarity between Gandhi and crypto today is that both are peaceful “revolutions“, Crypto can be seen as a technological revolution but also a ideological revolution agains centralized entities such as banks. Here is a try to show that development in Crypto over the years:

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News from 2018, Media fighting Crypto

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Some news from the last weeks

But now the question would be where we are right now, it is usually easy to say where we once were in retro-perspective but talking about the present state is very difficult. So that is why I hope for a better discussion here about that.

If you ask me personally I would say that we pretty much still in the “They fight us“ phase even if we get so much crypto adoption news. We still do have a lot of governments spreading FUD on crypto and even trying to ban it, the US is just one example for that.