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> Yes, sometimes the most exciting things are emergent, but it's been over a decade of the blockchain field of dreams and we're still talking in hypotheticals a
by qudat 5y ago
> Yes, sometimes the most exciting things are emergent, but it's been over a decade of the blockchain field of dreams and we're still talking in hypotheticals are what it will be good for.
There’s a reason our current financial infrastructure is still being run on cobol: if it only took 10 years to build it would have been updated already.
Financial tech takes a very long time and with a revolutionary idea such a cryptocurrency, I’m sure it will take even longer.
Things take time, 10 years is not a long time, however I agree with the overall sentiment about web3 and crypto in general in this thread.
Cryptocurrency is less a currency and more another financial investment vehicle for people that are tech savvy enough to get into the game. Put in another way: it’s primarily being used to make money, not trade it for goods/services. Maybe one day it will be used truly as a currency, but txn fees are too high and “HODL”ing makes the person money so they’d rather not trade it.
- ojkelly 5y agoI agree, and that's very much why I remain interested to see what comes of it. If it's going to move forward it has to shake the sleazy image with all the scams, pump and dumps, Ponzi-schemes and market manipulation.
- dmitriid 5y ago> Financial tech takes a very long time and with a revolutionary idea such a cryptocurrency, I’m sure it will take even longer. "cryptocurrencies are revolutionary" is a statement that needs proof, not blind belief.