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"Just like the dot com craze kicked off the idea of an internet startup (and a decade later, just about every tech startup uses the internet in some way), I bel
by jimhi 7y ago
"Just like the dot com craze kicked off the idea of an internet startup (and a decade later, just about every tech startup uses the internet in some way), I believe that by the end of the 2020’s almost every tech startup will have some sort of cryptocurrency component."
This literally already happened for a hot second, did you not notice the everyone doing their own ICO when bitcoin was 20k? Are you saying it will happen again?
- companyhen 7y agoDeFi (Decentralized Finance) is the new ICO https://defipulse.com https://defipulse.com - 3m ETH locked so far as of today (1 year ago = 1.9m ETH, 2 years ago = 63k ETH)
- Hydraulix989 7y agoI think it's much more likely that every tech startup will have some sort of AI component instead.
- zeroxfe 7y ago> ... did you not notice the everyone doing their own ICO when bitcoin was 20k? Are you saying it will happen again? I don't think that's what they're saying. I suspect it'll be more like support for existing major cryptocurrencies like Ethereum and Bitcoin. Either for payments or smart contracts, or other decentralized book-keeping. I'm not convinced about "almost every tech startup", but I do think it'll become more mainstream.
- jimhi 7y agoThere is like ~5 million people using crypto right. I could see this being possible if that number was closer to 500+ million
- hanniabu 7y agoAt 500M it's already mainstream.
- jimhi 7y agoThat’s my point, why would a startup implement it if it’s not mainstream and can bring a lot of customers. Startups barely pay attention to China and India consumers, much less a cryptocurrency holder.
- hanniabu 7y agoIt said it would become mainstream, and in that process there would be commonplace integration. Also, I think there's some confusion if you think the startups would need to pay holders.
- DennisP 7y agoThey're talking about using cryptocurrency as part of their products, not just throwing hyped-up fundraising events.
- wslh 7y agoAn alternative hypothesis is that the cryptocurrency ecosystem is suffering the same luck as the Torrent protocol: the Torrent protocol is well alive[1] but never mainstream since most people use streaming services as most people use the traditional finance system. At the end it is about convenience. [1] https://torrentfreak.com/filesharing-and-vpn-traffic-grow-explosively-191009/ https://torrentfreak.com/filesharing-and-vpn-traffic-grow-ex...