RE: The Gradual Death of Cryptocurrency
I do agree that the entire sector is moving towards this direction, as clearly evident with the new types of cryptocurrencies that serve as fuel for a service instead of strictly money. A key example of this is Ethereum and it's derivative assets. While Ethereum has a money value and the second highest market cap, its focus lies in the smart contracts and fuel for exchanges. Even discounting Ethereum, it is becoming evident that the top assets listed on coinmarketcap.com are increasingly becoming mediums of exchange or fuel for a specific service offered by their founders. For example: Bitshares aiming to offer "stack of financial services including exchange and banking on a blockchain"(Bitshares.org) or Steem being the token for a decentralized social media platform. That is just my two cents and only time will tell.
Agreed agreed agreed. Plus the "killer app" that is based on blockchain and will in theory bring it to the masses probably won't be a currency per se, or at least not 100% a currency.
Thanks for reading!
Exactly. Thinking about it, I still find it interesting that the public space is more familiar with blockchain and cryptocurrency technology as just Bitcoin. As we all know, there is a lot more to it than just Bitcoin, but I think that the complexities of the truth would be overwhelming for those outside the system, and create confusion. While that is to be expected as there is always insider information only known by those who put considerable effort of research into something, I hope for a day where the basis of blockchain technology is public knowledge.
YES! I find this idea really fascinating as well. I'm always trying to keep a keen eye on what the mainstream believe about in regards to crypto. I'll be doing a short video on this and will probably post it tomorrow morning! Would love for you to check it out.