Cryptotechnologies in 2018
I came across this great article on Technology Review titled "18 Exponential Changes We Can Expect in the Year Ahead". I think it is soooo important for crypto traders and investors to pay attention how the rest of the world views our revolution. I prey for the day that the rest of the world views us as the brilliant exponential thinkers that most of us are rather than a bunch of children posting pictures of the proverbial Lambo.
Coming in at number 8....
Cryptotechnologies Will Become More Important and Start to Demonstrate Their Utility.....
In 2018, the activity in decentralized applications and protocols based on tokenization will increase. Below the speculative froth are sober-minded teams coming together to tackle real problems using the unique attributes of blockchain technologies.
We'll see AI developers increasingly experiment with the fruitful combination of AI and blockchain. These areas include how to build a data commons to incentivize the sharing of data, allow the sharing of models, and using blockchains and smart contracts for individual AIs to mediate their machine-to-machine interactions.
And coming in at number 9
Sordid Revelations in Crypto-Speculation Will Be Outweighed by The Wall of Money Entering the Assets Class.....
Asinine press releases, speculative investors, and shady enablers get out into the market much faster than the technology can become useful. This lurid funk will obscure technology progress as more out-and-out frauds are met with regulatory intervention and commentators watch speculators from the safety of their schadenfreude pulpits.
It may not matter, because every discussion about cryptoassets increases their actuality in the market. This will see an increasing range of products for institutional investors and, crucially, high net worth investors wanting to get exposure to this asset class. This speculative bubble might pop, or it might not.
For me I see this as a huge relief. This tells me that real money, mature money, is seeing past the get rich quick schemes that make me fear the entire movement will be deemed a fly by night idea at best. No, they recognize that the real revolution lies withing the blockchain technology that could end up being bigger than the internet itself.
So let's do our part. Stop investing in ICO's that come from companies that have no technology to offer and zero chance of being adopted as a currency of any kind. These are the only cryptos at risk of any threatened bubble you read about in the news or see on TV. Make sure you are investing in real technologies along side these silicon valley venture capitalist and you'll do well.
Who exactly is that? Today my favorite picks are Ethereum and Cardano. Names like Litecoin can be included mainly because they are well positioned to find a place in the real world as a legitimate payment option.
I look forward to your comments, the Steemit community is like no other. Show your stuff!
Ray
aka the crudeoiltrader
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