Wow, you have focused through this article a lot of opportunities on blockchain technology. Even today most believe that crypto is just to pour some funds, wait for prices to surge and enjoy the spoils after that. But a very few people like you see the actual picture, the actual power of technology. I too believe it is just a start and it has wider application than anybody could think of. Steemit is just the start, next would be banks to revolutionise on blockchain technology. And about you confusion, whether to enter fully on thìs crypto world, I would suggest no matter how much Cryptos one is holding, As this tech is in its infancy, anything could go wrong. So I would not keep all my eggs in crypto basket and keep atleast one other source of income to pay the bills. Rest your article throws a deep insoght on future crypto and blockchain technology. Great work.
yes, there are many just looking at the short term profit potential with pump and dumps - and its kinda sad, as damages the integrity of the whole space as scamsters hop on to take advantage. I suppose that is one downside of a lack of regulation. nonetheless, people must accept responsibility for their own choices, do their own homework, and conduct their business like big boys & girls. it's inevitable some won't have all honorable intentions - yet, there is a whole other segment who are approaching the same space very professionally...
the banks are already implementing blockchain, realizing if they don't, they're done. will be interesting to watch the race - whether they can keep up, or new decentralized platforms really do away with the need for banks altogether over time. granted, that'd take a fair amount of time given so much of society's infrastructure is intertwined with the banking system as it exists. though, the new systems could accelerate quite fast.
alot going on in this space, alot to keep up with. though again, I recommend reading Blockchain Revolution, as it's probably the single best condensed source of a holistic vision for the direction this is all going... :-)
Well I would consider your suggestion of reading Blockchain revolution. You write good stuff, followed you.
I'm curious, @looftee, what benefits you believe banks can bring to crypto?
I was saying Block chain not crypto. And if even a single bank adopts a single crypto. Suppose how much price will surge of that crypto on that day.
Banks have no real value to add, though. They can inflate prices by printing money, which is what banks do, but that's fraud, and those numbers aren't backed up by real assets. Eventually the scam collapses, there's no way to avoid this. I do not want banks' fake money. It is a poison sweet to the tongue, but sour to the stomach.
well, frankly I don't have that much knowledge, so you may be true.
Be wary of banks. They do not have your interests in heart. Many people hate banks, and while I do not advocate blind hatred, those people hate banks because banks very cleverly do incredibly harmful things, but it's hard to see how until you understand the economics of the currency system. It's easy to learn, though. Look up how central banks and fiat currencies work, and you'll see how banks are hurting people, especially the poor. We create cryptocurrencies in large part to give people, especially the poor who are most severely hurt by the fraud of banks, an alternative which is designed to help them, not hurt them.
By clever accounting, banks steal from the poor to feed the rich; all without the poor, who have the least time and energy to dedicate to understanding the currency system, seeing how they are being exploited. Inflation is a nearly invisible tax on the poor.
well, I got your point. It is very nice thinking of you that way.