A Short dissertation on the current state of Crypto Currency and blockchain

Usually i watch from a far on all the confusion and media coverage related to crytpo currencies and blockchain but i found the need to share and hopefully give some clarity for those who Don't completely understand whats going on. Im a business owner entrepreneur and have been working on crypto related application (wyrr inc) and have a deep understanding on the legal technicalities that revolve around digital currencies.

To get to the point this (current turmoil in the market) revolves around the issue of ICO's, Erc20 tokens and decentralization. Lets take into consideration that i would say 90% of digital "currencies" related to blockchain projects really aren't decentralized there controlled by a small group of people who are easily manipulatable which throws the whole concept of decentralization out the window.

The whole act of putting an ad and promoting a token sale legally makes them securities, Some try to use the term Utility tokens to try to circumvent this distinction but just calling it something else doest change the fact they have all the traits of securities. hence why ads are being banned from google facebook etc.. think about it how often do you see an actual bitcoin ad or when was the bitcoin ico ? if you have a technical and legal understanding on the subject you can easily make the connection.

now for some good news or what i would perceive as good news bitcoin in here to stay key word "Bitcoin" and others similar ( Bitcoin cash, Ripple, lite coin, ) and eventually ethereum even though they spawned many of these securities in question and are the source of all this confusion but essentially there business model and the function of there blockchain might warrant a distinction as a commodities along with the others i mentioned. even though they them selves started off as an ico.

you will never see banks or large institutions using currencies linked to erc20 tokens and token sales as an actual "digital currency" unless they are making there own. Hence why we only see bitcoin (and the few other i mentioned) being used by banks large corporations and investment firms they are the only ones that can be labeled as "commodities" or true digital currencies much how gold is a commodity and can be used as a currency.

essentially i think the confusion lies in the terminology and those who use them improperly when talking about different subjects. for instance the concept of "bitcoin" and "alt coin" has been completely lost and now we just call them all crypto currencies. bitcoin in the linch pin of the entire crypto currency market when you bet on bitcoin you are essentiality betting on that the track is going to be there when you bet on an alt coin you are betting on which horse is gonna win a race (im not saying one form of betting is better then the other) but essentially the question at the end of the day would come down to how much bitcoin would someone give for what ever your exchanging. hence why bitcoins real value is as a decentralized store of value and why many call it internets gold.

When someone says this currency is going to over take bitcoin or that currency is going to overtake bitcoin its almost absurd you would literally have to erase history or go back in time to do that. all the alt coins can exist in the same ecosystem where they all find a niche they may exploit and one may be useful for one thing more then the other but essentially bitcoin is the eco system if bitcoin fails they all fail much how if the united states where to fail so would the dollar except theres no governing body attached to bitcoin ie. decentralize. No centralized currency can ever be global currency !

In conclusion what can be regulated will be regulated and should be regulated