The evolution of blockchain and the psychology

The evolution of blockchain and the psychology

Technological evolution – of which blockchain is a part – never ceases to amaze us, continuing to improve our daily routines; communication, travel, shopping, dating and much more. Constant and unstoppable changes to which we must adapt in order to survive, but which conceal a very complex and articulated development process. 

Following a careful psychological and anthropological analysis, I believe it is necessary to highlight what role these two scientific disciplines have in the evolution of blockchain technology and especially in the future role of a decentralized and cryptocurrency-based economy

I firmly believe that disciplines such as behavioural psychology and the anthropological study of society should not necessarily be understood as a detached element from technology; on the contrary, through these disciplines we can fully understand the needs and the pace of evolution. 

The cultural transmission is matched in the recipient by a mechanism known as “inculturation”, i.e. the psychological and anthropological process through which the individual, throughout his or her life and according to the different roles he or she is given over the years, assimilating the direct and indirect teachings of the surrounding environment, becomes a member of the society in which he or she is immersed. 

It is clear that those who live in societies undergoing rapid change will have to learn to modify their patterns of behaviour more quickly than in more static societies. In the process of handing down, it is common that changes in cultural elements occur, especially in more complex societies. The sum of these changes results in a constant deviation from the cultural pattern so that gradually there is uprooting from the original pattern, a process called “cultural drift”. 

The evolution of blockchain takes a long time

The assimilation of new cultural elements takes a very long time before the structures necessary for acculturation, i.e. the actual integration phase, can be generated. The selection of elements will be of negative value if that particular factor is already present and does not need improvement, in which case it will be referred to as the rejection mechanism of the superfluous. 

At other times, however, elements that are alien to society and cultural tradition, such as cryptocurrencies for example, may be rejected even though they are considered useful and necessary for an overall improvement, either out of inertia or fear of inoculating society with uncontrollable unknowns in a known cultural heritage. 

Studying in full the dynamics linked to the evolution of Bitcoin or altcoins as well as blockchain technology through direct interaction with the community, I believe that we cannot currently speak of a positive selection of a new element, which is considered useful but not understandable and therefore acceptable by the receiving society. 

It is necessary to simplify certain concepts and make them more palatable to people, only in this way will the process of adaptation begin, through which the new acquisition will be considered an integral part of the old social fabric. 


Oscar is the founder of FeosTrader, the first Italian digital agency. I have a degree in psychology, I am an expert in behavioural finance and cyber security, web developer, professional trader and digital entrepreneur. My passion for the world of investments, digital assets, computer programming and blockchain, allowed me to become a trader able to operate in all the markets of the world. To date, my financial education can boast of nationally and internationally recognized certificates, which allow me to operate with excellent profits on markets such as Forex, Stocks, CFDs, ETFs, American Options, Commodities and much more.


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