RE: When Will Crypto Mass Adoption Occur?

You are viewing a single comment's thread from:

When Will Crypto Mass Adoption Occur?

in cryptocurrency •  6 years ago 

Great points raised. As always. Decentralisation has not found its 'Killer app' yet, but it is still early days.

Decentralisation has huge benefits.. I just don't think they are touted enough. A decentralised web could be far more efficient. I love the work done on IPPS(Interplanetary File System). Centralised systems seem almost backwards, and slow when throwing data around the world.

The web worked well as a sort of centralised/decentralised hybrid when it was relatively small. But its grown big enough to be decentralised, and could benifit massivly

We were very much in a chicken and egg situation with computer networks. But no we have mass adoption of the technology and interconnected networks. Its the centralisation that could be argued to be a weakness.

I do agree that most of the public won't recognise the benefits . But when it becomes financially profitable for buisness to adopt it, expect it to get adopted.

rsz_cryptocurrency-prices-list-live-chart-ethereum-eth-bitcoin-btc-ripple-xrp-bitcoin-cash-bch-cardano-ada-litecoin-ltc-nem-xem-810x540.jpg

I used to think that an entity like Netflix or youtube could never work on a centralised system. But storage and bandwidth are expensive. If they could find a way of distributing it securlly in a decentralised way, it could be profitable.

I do understand that there is no compelling reason for the public to buy bitcoin as a curancy. But as a store of value, it may become the gold standard. Its centrally easier to own than a gold coin.

I watched your entire video with interest, and am fascinated by the debate.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!