With delivery on next generation privacy technology right around the corner, we’re about to enter an exciting new phase for Firo - establishing it’s place and value in the market! I’ve been thinking a lot about the components of this over the past couple months and would like to offer up my suggestions on where Firo could go from here. These are ideas, and it’s fun to collaborate so please bring your ideas as well on how you envision Firo’s success in the future.
Where to start?
- Imagine we’re 5 years in the future. Firo has just landed a groundbreaking article in Forbes where Firo’s been applauded for it’s adoption and technical innovation! It’s broken away from BTC in price and has established itself as a top 5 cryptocurrency. How did this happen?
Here’s what I envision…
- Private wealth accessible to everyone in the world.
Challenges Firo Overcome -
- Delisting of privacy coins by central banks, was overcome by increasing need for decentralized exchange moving liquidity to high performing dex platforms.
- Slow integration of privacy coins in commerce due to regulation, was overcome by one button click instant dex swaps directly in Firo wallets into BTC/ETH or a select few other mainstream/accepted crypto. Pay in the major crypto you choose and retain your privacy.
- FIRE (Financial Independence Retire Early) movement with Private Masternode wealth, live off your monthly rewards as passive income, sustainably and privately.
- Driven by BTC whales (anyone with 5+BTC) being targeted IRL through easily accessible onchain analysis crossed with exchange PII data leaks sold on the black market.
- Aggressive IRS “wealth tax” to claw back and reign in rampant USD inflation causing a flight of capital into privacy sector.
- Price momentum causes a pile on effect, folks wanting to get in “on the ground floor” of the next BTC revolution driven by privacy needs as capital exits unfavorable central planning.
- Strong community with engagement and word of mouth encouraging and supporting others and the team with their patience and drive has grown the network and it’s use organically
- FIRE passive income through Masternodes
- Private wealth storage
- Liquid commerce on the go through wallet accessible/private BTC swaps
- FIRE with Firo!
- 25-50 age group with some wealth to worry about
- FIRE community as a private passive income option, will be increasingly viable with mainstream adoption of BTC
- Those disillusioned with central banking handling of currency
- Those looking for exits from rampant worldwide inflation destroying wealth and savings
That’s all for now, I may update this post as I think up more ideas on use and approach. Would love to hear more from the community and team.