3 ms·
Crypto is here to stay but it needs a shake out. There are too many people that just want to make a buck with no thought about their value to society. So a bunc
by ThrowITout4321 4y ago
Crypto is here to stay but it needs a shake out. There are too many people that just want to make a buck with no thought about their value to society. So a bunch of the crypto space will start to disappear as more responsible players will define their roles. NFT's, blockchain, Bitcoin and Ethereum will survive the shakeup. It's too early to know in what form. There are still many crypto products that will be created but only those that meet a defined need will survive.
Also, in 10 yrs or so you will see the space being dominated by a few big players. The big players will offer services that will be hard to pass up by customers so they will flock to them. The idea of decentralization will still be part of the space but a small part. The big players will be involved on the protocol's definition with the stated goal of improving the protocol for all but they a really looking out for their interest. They want to make sure the protocols don't created problems for them as they change.
Something that must happen is that the services must get to a point where customers find it very easy to use. So any company that can create services that are fool proof will win over customers and be one of the big players.