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RE: Bitcoin price - Is that air you are breathing?
I agree with you, value is just a belief and I don't think it needs a central shepherd. A few things cryptos may need in order to avoid fading from peoples minds are either continually increasing prices (with some dips along the way of course) to maintain investors enthusiasm and/or increasing acceptance of them as payment for goods and services. A bit of advertising and marketing can help also.
Great post. Thanks
Although counter-intuitive, the recent ICO hype may the prime example of a practical use of cryptocurrency platforms and the power of doing your business 'digitally'. There is no way that this method of transferring value and doing financial transactions will go away.
Would you say it doesn't need to rely on retail level transactions to survive?
Do you mean blockchain applications (think of smart contracts) or currency (coins; exchanging value)?