Like most reading this, before Satoshi Nakamoto released the whitepaper that would bring Bitcoin to the world, I was and still am in deep in what's happening in the tech world. Every week I try my best to stay current with tech related news from the big players, Facebook, Google, Tesla, Microsoft, Amazon, Apple, IBM etc.
What has completely surprised me over the last year is the seemingly lack of discussion in mainstream tech news, and VC community about the absolute breakout of blockchain technology.
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Personally, I feel one of the biggest stories and opportunities of 2017 has been the 3 fold increase in the overall market cap of the blockchain market. This has been highlighted with major milestone breakthroughs of Bitcoin smashing through the USD$2000 barrier, Ethereum crashing over USD$100 and charging toward the USD$200 barrier seemingly at light speed. Lets not forget, these are the 'mature' players in this crypto market, we have not even started to feel the flow on effect to other amazing projects that are simply staggered by awareness rather than potential. So where has the discussion been? Not even a mention.......
Although there will be loads of people reading this who are not for industry centralization of blockchain technologies such as Ripple
I feel the fact that the blockchain and cryptocurrency is being mentioned in the same breath as multinational banks such as Standard Chartered adds significant weight and credibility to the entire space. So the question will be, how long will it take for major tech news sites to start fizzing over this paradigm shift and join the decentralised side?
I would love to hear comments and thoughts on why you feel its being for the most part ignored. There is centrainly some power and politics going on and I am sure there are several of you reading this who are much closer to the action than me.
Enjoy the ride - KTB
I think with the total crypto market cap on track to hit 100 billion soon, the technology will be discussed more soon. Right now very few people really understand the tech. It needs to be successfully running on a large scale with company buy in. If (when) cloud storage moves from the cloud to the block chain, that will convince the masses, for instance. I'm hoping Factom will do that as well as it is severely undervalued even among cryptopians.
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Thanks for the thoughts @albensilverberg
I totally agree on the 100 billion mark. I think it is going to blow right past that much sooner than any of us anticipate based upon the heat in the market right now.
As I mentioned in the article, given large companies are getting into Ripple platform (and there are several others with major players participating - NEM for one) I think it is a matter of time before the blockchain is used by the general public, even if the general public do not understand the underlying tech. This is how most major systems mature including phones, music and the internet.
I have been keeping my eye on Factom but took a small position on Siacoin via http://sia.tech/ There is ample space in the market for some huge players in blockchain storage on blockchain, as it just makes more sense than current vendors like Dropbox and ICloud, Google Drive. I feel the tipping point will be when these companies open API's are integrated deeper into everyday tools such as existing mail clients and services like Hubspot/ Salesforce that automates a lot of the process.
Ill keep my eye on Factom - thanks for the heads up! - KTB
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