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RE: Meeting: FUD Is Bad - However Realistic Criticism Is OK
Good post.
However disagree: crypto can't fail. Very soon central banks will be holding crypto as well. This tech has come and will prevail.
Good post.
However disagree: crypto can't fail. Very soon central banks will be holding crypto as well. This tech has come and will prevail.
Blockchain cant fail. Crypto currencies can. Difference between utility tokens and the currency aspect. They can ban it from being a currency. Only let it funxtion as securities/commoditues and means of funding/investing/crowdfundung
Cryptocurrencies as such cannot fail, I'm quite sure the concept will continue growing - but I am concerned of the possibility that the dominant "crypto currencies" of tomorrow may be run by banks, having only a small subset of the features we attribute to a real crypto currency.
I believe most of all the current crypto currencies will "fail into obscurity" - like, still existing, still have a market value higher than zero, but with only a handful of people running some unmaintained "ghost nodes". Quite many crypto currencies are already there.
Some few real crypto currencies will survive and stay relatively strong - in best case they will go mainstream for real, in worst case they will only be used by a small community ... much like PGP never got mainstream.