Community post
Tech Leaders Will Make Crypto-Market Crash
My opinion is that the reason that crypto as currency is useless and public blockchains won't worth as much is -
- Price is hype based
- No leading company will based their product on blockchain that managed by unknown team, which can change it every second just because some decentralized entity decided - it is just not the serious business way.
Beside criminals that have no options...
We can see Microsoft offer its own ethereum blockchain, and be sure the industry will choose them
https://cointelegraph.com/news/microsoft-introduces-ethereum-proof-of-authority-algorithm-on-azure - Blockchain can be used to transfer funds faster based on Microsoft Ethereum or IBM blockchain, but beside criminals no really need in this currency, and it won't ever be stable to turn into money rather binary stocks.
The technology is amazing and we see the adaption by tech giants, yet the market of crypto will by alternative to binary stocks, no more...
Replies (6)
Decentralization is a good thing and can work on big scale... Internet is decentralized, too. Sure, blockchain ecosystem needs to transform itself from being run by amateurs to being run by professionals but it still can and should stay decentralized.
Yeah, but private investors loosing patience.
And big money in hands of big companies go to private solution or something like Microsoft infrastructure...
They will realize soon that these "private solutions" don't make sense... private blockchain is just an inefficient distributed database.
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