I could probably write a whole bunch for this. But, I think it boils down to a few key points.
As a currency BTC does the job, I'm no maximalist but outside of BTC the use case for a store of value is always a second class citizen to bitcoin.
Utility tokens offer very little when a simple points based system and rewards mechanism can do this job without the volatility.
Blockchain and decentralisation as a concept has plenty of non crypto-currency backed providers already. I'm looking here at fabric and the r3 corda platforms, who offer everything needed for the enterprise, with or without crypto, public or private.
There seems to be a view that everything should be decentralised. The reality is the crypto scene has missed the Trojan horse in all of this, the exchanges. These businesses act completely centralised and with their loan and interest earning products now behave just like banks.
For some reason there is a lot of reinventing the wheel going on. Many of the scaling issues were problems fixed 20 years ago, but crypto seems to have started over like it has never been seen before
"Crypto Projects" will not keep up with main stream, trusted brands who will move into the space
The future is bright in other areas, we've seen CBDCs taking the spot light.
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I could probably write a whole bunch for this. But, I think it boils down to a few key points.
As a currency BTC does the job, I'm no maximalist but outside of BTC the use case for a store of value is always a second class citizen to bitcoin.
Utility tokens offer very little when a simple points based system and rewards mechanism can do this job without the volatility.
Blockchain and decentralisation as a concept has plenty of non crypto-currency backed providers already. I'm looking here at fabric and the r3 corda platforms, who offer everything needed for the enterprise, with or without crypto, public or private.
There seems to be a view that everything should be decentralised. The reality is the crypto scene has missed the Trojan horse in all of this, the exchanges. These businesses act completely centralised and with their loan and interest earning products now behave just like banks.
For some reason there is a lot of reinventing the wheel going on. Many of the scaling issues were problems fixed 20 years ago, but crypto seems to have started over like it has never been seen before
"Crypto Projects" will not keep up with main stream, trusted brands who will move into the space
The future is bright in other areas, we've seen CBDCs taking the spot light.