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RE: Nasdaq expecting to launch Bitcoin futures in Q1 of 2019
Hopefully things work out, but folks including coinbase co-founder are not sure about future of crypto. it could be 0 or it could be millions. but they all agree block chain (DLB) will disrupt different industries .
Why do you say including the co-founder of Coinbase? Do you mean because he just recently left to Andreessen Horowitz
Nope instashift.io founder is my close friend.They had conversation with different exchanges including coinbase.The majority opinion is that "they just don't know" .it can be a 1 million or it can be 0. There is no doubt that DBL (block chain) is getting adopted in products and it is happening but the "crypto value" is where people are not sure. We all know for decentralized effort there got to be a mechanism to reward the work and hence the "value", but is it working? or is it viable in today's form is questionable ....
Well of course it can be any price. There are no cash flows or earnings backing anything. That is like saying gold could be $1 million or a dollar, both guesses could be right. Though I get that there is much more risk surrounding individual tokens. Once some start to gain some real utility, prices likely become more stable.
The same thoughts surrounded the internet in the early 90's. 😎
I am not doubting the use case of DLB at all. That is like internet and is gonna revolutionize many industries . Its crypto currency value capture in today's form that generating doubts. " This is not my opinion alone, but from lot of crypto project founders as well."
In order for a blockchain to work, you need a token to incentivize the use of it. Otherwise why not just use a database?!
true, it could be said as a glorified cloud database solution .. The best example to me would be JPmorgan chase quorum..They are replacing swfit as we speak with this. if I understand correctly there is no paid gas(Ether) in this architecture?
https://hackernoon.com/quorum-101-getting-started-with-quorum-9906294ea45b
Considering the average lifespan of an inflationary fiat currency is 27 years and the lifespan of a non-inflationary form of value, like precious metals, is thousands of years; my bet is on non-inflationary crypto like BTC and BCH.