Wall Street has already misrepresented Bitcoin, and Loudmouth says people in the cryptocurrency space should stop pretending otherwise.
Speaking with Cryptopolitan at Consensus Miami, Adam Patterson, known as Loudmouth, said institutions have already changed the way Bitcoin behaves in the market.
When asked if big finance takes away the trust, decentralization and fixed supply culture that made Bitcoin different, Adam replied:
“Of course they are, and they already have. That’s why it’s not the same as it happened in all the previous cycles. But, you know, that’s the price you’re going to have to pay for the arrival of this kind of institutional money, and we’re just going to have to stay a few steps ahead like we did, and we’re going to have to find another way to make it remain unlicensed and give the power back to the people.”
Loudmouth says Cryptopolitan cryptocurrencies have given outsiders a real network
Adam told us that his own journey into cryptocurrencies began in late 2017, when he saw smart people around him getting into digital assets. He said he wasn’t trying to act like the smartest person in the room, but he knew how to spot people who understood new technology early. So he put in the money. Then the collapse came immediately after that.
At the time, Adam said he didn’t understand bull cycles or how cryptocurrency markets could get violent. When the market recovered, he began to see Bitcoin as something much bigger than just a trade. He believed it could reach $100,000, and perhaps even $1 million later.
The coronavirus period has changed the social aspect of cryptocurrencies for him. People were confined to their homes, but online communities grew rapidly. Then the lockdowns ended, conferences returned, and those online connections became real-world friendships.
Adam said cryptocurrencies have given people who feel out of place in their cities a way to find each other. He described this crowd as a kind of “traveling circus,” made up of builders, tradesmen, creatives, and people who didn’t always have elite degrees but still had something serious to offer.
We noticed that Loudmouth does not talk about cryptocurrencies as if they were just charts and candles. He considers it a door to rooms that were previously closed. People who don’t have the usual credentials can now sit next to people who do, and both sides can still learn something.
Adoption will come in the same way phones did, Loudmouth told us, excitement filling his face. People may still want the older systems, but once the old option wears off, a better tool becomes the norm. This is how he sees finance, Codingand blockchain technology that feeds into the older Web2 setup.
Real estate tokenization is the big prize, Loudmouth says
When asked what he wanted to code next, Adam didn’t hesitate. Real estate is the main thing. He said property contains more money than anything else, and tokenization could change how people own buildings, land and income-producing assets.
His example was simple. Two people can own parts of the same building without ever having met, trusting each other, or signing old-fashioned paperwork together. Smart contracts and fractional ownership will handle the rules.
The asset can be traced across the chain, gains can be made, and ownership can remain open to anyone who qualifies through the system. Loudmouth said people who benefit from secrecy would hate that kind of transparency, but added: “They can’t stop us.”
Then we asked him about it publicInterestingly, he’s mixed in, with cryptocurrency traders, models, influencers, beauties, and many others following him on Instagram, where he has nearly a million followers.
“What is the reaction when you share something about cryptocurrencies?” We wondered. Adam said:
“There’s a lot of hunger and desire and malleability in people’s minds, they’re always open and receptive to new things and they want to learn and they’re enthusiastic and they want to grab the bull by the horns and figure it out and see how they can leverage it and make it work for them.”
Adam also linked this to self-custody. He said that many people still believe that banks are the safe side of finance, while cryptocurrencies are the risky side. He does not agree. His point is that scams are everywhere, including cash, checks, cards and cryptocurrencies. The real issue is whether users understand how to protect themselves.
He said that banks have convinced people that handing over money means security, but this trust is often abused. Adam said he has no problem holding his own assets because he doesn’t need a bank to look after them.
He also retracted the idea of that Bitcoin Uniquely risky. During a ride to the event, an Uber driver told him that Bitcoin was risky. Adam’s answer was: “Everything is risky. Which brings me back to this lie that a lot of people think it’s not that easy when in reality it is if you just do it. But the thing can be very easy and difficult at the same time.”
This is how Loudmouth sees money too. He said the coin was made for travel, not to sit dead in someone’s pocket. Money is only useful when someone tells it where to go. People who confront problems, learn the tools, and act quickly are usually the ones who benefit.
The future is bigger than coins, Adam said. Insurance policies, car titles, home deeds, health plans, medical records, and hospital files are expected to end up on the chain.
His final point was not that Web3 should destroy Web2. The mission, he said, is to take Web3 tools and apply them to legacy systems, so they are faster, clearer, more secure and harder to corrupt.
