RE: The Simple Reason Most Blockchain Projects Are Stalling
Thanks for sharing this article. I agree with what you said about there not being enough actual product to show for a decade worth of blockchain deveopment, but keep in mind that most, if not all other cryptocurrencies than BTC are less than four or five years old (correct me if I am wrong, I heard about one or two floating around in 2012 too).
Think about some of the biggest companies in the world, like Google. Their initial products were far from amazing, but they had support because people supported their vision, which is the same for cryptocurrencies. A lot of big companies like Deloitte and Accenture are running blockchain labs, and developing innovative blockchain solutions - many other cryptocurrencies like STEEM, ETH and more are providing a real use case too.
There are a lot of upcoming developers, but naturally it took time for people to 1) Gain interest in the blockchain and 2) Adjust to blockchain development.
I do agree that we need more innovation, but I think that what has been achieved so far is still very impressive. Thank you for sharing this thought-provoking article! I am currently running a Steemit Success Series for Beginners, I would really appreciate your support on it.
Thanks for your thoughts Luke.
One thing I don't like about cryptos is how they rise and fall on the tide of Bitcoin. I don't see a future in Bitcoin, as there are so many better alternatives.We need to make the transition away from Bitcoin a lot less painful than this has been.
The quicker we get some better altcoins adopted by the market that are widely used for transactions the better.
That the mainstream will use Bitcoin will probably never happen that much. But it will always be a nice storage of value. Especially when the elite gets deeper into it to secure their future. Digital gold. So many other faster cryptos and tokens coming out. And we are still just in the beginning of this revolution.
Lukebrn and Phineinf - thanks for comments I am following you.
Yes exactly. I sort of feel a very negative view in this article. 10 years is nothing in terms of evolution. Look at 100+ years or 1000+ years and we can start to get realistic perspectives. Just look at the amazing progress we have seen with smartphones just the last 10 years. From tiny displays to amazing phones. Again 10 years is nothing. But people are being greedy and can't even appreciate the progress we are making. Steemit has only existed for 2 years. Let it grow first before starting to attack it. Will take at least 5 years before we see interesting things happen.
We use magical devices and can generate value! 10 years ago we didn't even have HD videos on YouTube. Abundance is real and it's coming for all. Things are getting cheaper for everyday that goes. Go back 100 years in time and we barely had cars. We are making progress. But people start to take things for granted fast and get used to new levels of standards.
People have always gotten rich too fast but those people in the past invented amazing things. Because of the power of the human heart to wanting to create amazing things.
Thanks for the comment! Interesting point of view, thanks for sharing it!