I wonder what the life span for cryptos will be? Is it like a fad, where everyone had to have a website, then everybody needed their own app, then everybody needed their own twitter account? Is this just a passing wave of another evolution of technology that will fade as everyone moves into the next thing.
You probably could make money with cryptos, many people have. But I see this as a race, where cryptos are like Tesla and an metals are an old 747 who's technology has been around for a long time. The Tesla will look remarkable on take off but the 747 will eventually catch up and will really take off into the sky.
I like the analogy!
As a technology, blockchain is going to be around for a while and there will be digital currencies but not free from government control. That is why, the current cryptos may get replaced with something different which can be controlled. No government can allow money creation and transaction outside of their control. People who think this is the way to defeat governments are only kidding themselves. Make money while you can but don't bet your house and retirement on cryptos!
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Yep, people have adopted the blockchain technology as the financial savior. I don't know if it's because they're excited about it, or they have coinage and have a vested interest in being a proponent of the tech, but as fast as it's going up, it can also drop that fast.
I love when all these gungho, I guess they're millennials, tout how it's all math. Like math was discovered yesterday, and the day before that the wheel was discovered.
What if there's a backdoor to the windows system and/or phones and hackers can just go in and send people's bitcoin with the user's computer wherever they want. No computer program is unhackable.
The tech is neat, but that's all it is, tech.
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