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RE: AskSteemit #8: What's something that has blown your mind regarding blockchain technology?
The amount of transparency and what this could mean for businesses, governments and users in the future. I believe transparency and open source are the way to go. If you look at countries that are doing well one of the things they have in common is the low amount of corruption. Blockchain technology takes this a step further. It is impossible for an app that is fully decentralised (dapp) to be corrupt. When corruption is low, creativity and innovation flourish. I think blockchain technology is a platform for huge growth and innovation to come.
Very well put!
Great initiative! I will keep working on trying to add value to this wonderful platform
I think that we will be in for a PR war between cryptocurrencies and fiat currencies (central banks) to win the support of the people, the users "money". I am very eager to see how China, a centrally planned economy with very strict currency controls, responds to cryptocurrencies, or potentially adopting blockchain technology on a national scale.
Yes that would be interesting. I think governments will be the last to switch over. Maybe some smaller countries will do some experimenting with their own crypto currencies. It is easier for a smaller country to make a change of this scale.
I think there will be a long transition period where both fiat and crypto will live next to each other. Eventually becoming fully assimilated by cryptos where fiat will be home to museums.
Another question would be how a government would implement a crypto, as crypto currencies tend to be decentralised by nature. A government has more merit from using a centralised version.
My prediction is that we will see Industry/Cartel crypotcurrencies. Imagine what would happen if OPEC banded together and created a centrally control blockchain similar to ripple. Something that couldn't be mined but could be controlled. The US Dollar would lose a substantial amount of power.
Thats a Great commnts i wish you are great @juliank