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RE: Behavior and evolution of cryptocurrencies ten years after its creation / What to expect from them in the future?
Dear @fucho80
Another great piece of work buddy. Amazing introduction to world of cryptocurrencies.
Is the time for a stable trend and the mass adoption of this virtual currency?
We're stil far from mass adoption. Lack of proper regulations around the world is still an issue. Lack of TRUST is another big problem. But at the same time crypto space is moving in right direction. So I can only be optimistic.
ps. I found your post interesting and valuable and I decided to share with with wider audience (people that I know and who share similar interests towards AI and blockchain). Hope you dont mind :)
Yours
Piotr
Dear friend @crypto.piotr, thanks for reading this publication.
This is very motivating for me, thanks for such kind words, coming from you I feel privileged to receive this valuable comment.
Then I can understand that it will only be a question of time the massive adoption? I am also optimistic about this, waiting for the necessary to happen so that we can see the dream fulfilled.
Friend, for me it is a privilege to be able to share my work with other people and to help me spread it is something wonderful.
Thanks for stopping by here brother.
Dear @fucho80
I just visited this topic one more time to have a look at amount of your comments and I'm highly impressed :) Great job buddy
Piotr
Thank you friend, making an effort to fulfill the commitment that this work represents and trying to be reciprocal with those who support.
Thank you for making me aware of this post Piotr. Great read.
@fucho80, reading your post reminded me of why everyone was so excited about Bitcoin and crypto's in general. Very good read.
For myself, when I look back, I think the most important item is the issue that the Bitcoin code solved. Essentially it addressed the Byzantine general issue. Let's say you have a number of generals deciding on whether or not to attach a foe. No one general can succeed with out some of the others, but who will go first and who will follow. The logic behind the Bitcoin code solved this problem using the concept of a blockchain protected with cryptography. Cutting edge at the time.
The Bitcoin code opened the door for more cryptocurrencies who have moved from proof of work to proof of stake and even a few other modes. But to my way of thinking, it is not the value of the coins or tokens that is important, but the trustless structure that can and are being built by top businesses.
Major companies such as Ford, Google and Amazon are taking out patents on blockchain technologies at a very rapid pace. So while coins may come and go, the technology is here to stay and will continue to evolve.
Friend @guysellars, thank you for visiting my publication and drop this comment that has impacted me.
Wooo, A scientific and detailed analogy, is a very good explanation of the Blockchain and its operation, I agree with you is a very safe innovator that generates trust in people, which makes Bitcoin and cryptocurrencies a very valuable asset.
This of the main companies adapting to the use of the blockchain further strengthens the trust in Bitcoin. This becomes an engine that drives Bitcoin to its real value. If you have not got it yet.
Thanks once more for your comment, you leave me a valuable teaching.
Pr EV
Hello @fucho80
That's an amazing piece..a great showcase of the journey of BTC and other cryptocurrencies.
In my opinion, lack of stability and trust issues, are some drawbacks that needs thorough attention so that people from, around the globe feel free and confident to trade in..
In anyways,the more trustworthy the payment system is, the more it will generate customer participation.
Lastly, thank you @crypto.piotr for sharing this link...it's really amazing.
thanks
jeoleena
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Dear @jeoleena, Thank you for visiting this blog and reading my publication, it is a pleasure to be able to read your comment.
I totally agree with you and I think it is in the opinion of many people, the instability of bitcoin prices generates distrust in investors and this is something negative for cryptocurrencies, as soon as there is stability I think things can improve.
Thank you, it is a privilege that you have visited me.
Pr EV
I agree that the space is moving in the right direction. The trust part will be resolved with the next financial crisis and the regulation part I believe it's not that relevant if we are talking about public and permissionless blockchains. Most probably, governments will have a real problem with these blockchains when they become a real competitor for institutions, we will see :)
My dear @lishu, thank you for visiting this publication and leave your comment. That is something that is coming, that is why many governments try to get ahead to be prepared, it is to imagine that now they are internally dealing with these issues and trying to take their forecasts.
Thank you for your visit.
Blessings.
Pr EV
Resteemed with great love and respect
and i have up voted the original post
Thank you for visiting and reading the publication, thanks for the support.
Blessings
Pr EV
Greetings,
To @crypto.piotr, @fucho80, and everyone,
I agree, the crypto space is moving in the right direction.
As a result of volatile prices, it is because of the people who understand it are still not massive enough, to be considered, so mass adoption may be for the internet savvy and technologically aware people at this point.
Those who understand blockchain technology already have great powers, but with great power lies great responsibility aka Spiderman.
Regards
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Dear @jackramsey, thank you for reading this post and leave your comment.
I think that is the case in many countries, it is the case in Venezuela, the people who have access to the internet are the ones who can now enjoy everything that Blockchain means.
successes
Pr EV
👍✌️👏🙋🏻♂️
Posted using Partiko iOS
thanks for the memo @crypto.piotr I think it is time for cryptos to mature and take centre stage of finance