Expectations from Blockchain and how they come to realization in last couple of years.

When I began mining cryptos (e.g. LTC, BTC), I have lots of expectation from blockchains. Eventually, most of them have came true in last 6 years though not the perfect ways.

I felt somewhat guilty for wasting power in hashing for LTC mining and wonder to see PoW to be useful someday. Later, Sunny Lee, founder of PeerCoin introduced PrimeCoin (XPM) which mines large prime numbers for PoW. Unfortunately, though XPM was a superior technology but it did not see success later. In its heydays, it was around $6 and now it costs only 10 cents with rank of 574.

Later, we have PoS, DPoS, DAG all does not require expensive and power consuming hardware to run a blockchain.

First stable coin was Nubits which was pegged to 1 USD. It maintained 1 USD peg by running bots in exchanges with trading pairs in BTC. NuShares was the crypto that provide profit from NuBits trading. However, NuBits/NuShares later failed due to extreme volatility in Bitcoin's price. Now it is trading at 5.6 cents from its theoretical 1 USD.

However, Maker.DAO solved these issue with DAI stable currency by trading pairs with other volatile cryptos.

I was rooting for more applications of blockchain other than cryptocurrency. Bitshares, Ethereum, Steem, TRON later EOS provided service to build any kind of applications on blockchain.

We have facebook, reddit, medium, twitter, Youtube alternatives even in Steem blockchain. We have betting service, gaming service, freelance service etc in blockchain.

DApp can provide bank services. DApp can provide financial services with DeFi.

I had a dream still unfulfilled but technology is still there. If could have made at least $200K in crypto profit and then I would have invested in stable asset to earn at least $2000 passively every month with little risk.

In fact, crypto.com lets one to earn interest on up to $1M in stable coin. For a three month fixed deposit with stable coin, one can earn 12% yearly where interest is paid weekly.

Now imagine, you have made $200K in profit in crypto, then you put them in fixed deposit with Stable coin, and you deposit profit to your Crypto.com DebitCard with premium reward. You are basically financially free and your income is just fully automated due to the power of blockchain (DeFi).

I was so close but still so far.

Hopefully, in future, an SMT based company would provide services like Crypto.com so that I can live from my curation, blogging, delegation profit from Steem, Tribe token or SMTs.

Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.

Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@dtrade
Cryptominer , occasional trader and tech blogger since 2013