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A solidity developer I spoke to a couple of times told me much the same as this article. He believed in the blockchain as a concept; but its current overall ben
by atsjie 9y ago
A solidity developer I spoke to a couple of times told me much the same as this article. He believed in the blockchain as a concept; but its current overall benefit to human society is meagre (and some might argue destructive). This represents a first awkward phase for everyone.
We'll definitely see blockchain become dominant in a some or multiple fields of business. When? Perhaps not for 20 years. Internet as we know it took decades for it to fully develop and take off. We could get a crash before this succes happens, the word "blockchain" and "cryptocurrency" might become toxic for a while. Thinking of the 2000 IT bubble, so much money poured into any crazy business proposal with "web" in it; and suddenly the music stopped. Billions evaporated.
All the while I'll just be grabbing popcorn and hoping to sell my coins on time ;-)
- autokad 9y agoagree. I seen the same comparison between the internet and AI/Data science/ML. a big bubble, everyone is 'doing it' but most are doing it wrong, and then a big collapse. When the smoke clears, the ones that 'got it right' are the big future titans, and the whole sector grows again.
- stri8ed 9y agoAs it stands, block-chains do not scale. So it's hard to say if lack of adoption is due to lack of actual use cases, or inability to implement use-cases given state of the network. I think prediction markets may be one of the first real use-cases.