Murtaza Hussain pfp
Murtaza Hussain
@mazmhussain
I don’t think it really make sense to say cryptocurrency and blockchain are early at this point. The concept has had implementation for a decade and a half now, and the valuation of the assets have already had multiple boom and bust cycles. They may go higher still, but this doesn’t seem to have a necessary connection to practical utilization. Blockchain-based currencies have shown great utility in helping people evade of capital controls, and yet there has been reticence to otherwise use blockchains when databases work well enough. There is still a persistent sense of “earliness” because a new project is always being spun up. Yet it may be that we have reached the peak of utility. Nonetheless I always keep an open mind, and this is why I still play around with it today. Ironically the major exception in my mind could be Bitcoin, as it does have some of the monetary characteristics of gold that could prove useful one day. For this reason I always keep some Bitcoin and recommend others do so as well.
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Snibb123.eth pfp
Snibb123.eth
@snibb123
The only places that I disagree are in jurisdictions that have blocked their application, like the U.S. Otherwise, agreed.
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MJC pfp
MJC
@mjc716
if you're talking about price i disagree. if you're talking about utility, i also disagree. too many smart people working here and 99% of the mainstream still doesn't understand what crypto is, even if many are holding
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vrypan |--o--| pfp
vrypan |--o--|
@vrypan.eth
We are early in the same way we were early on Internet in 2000s. "Everything" was there, browsers, blogs, search engines, email and web servers. But it was early for Youtube, Facebook, Twitter, Netflix, mobile, Uber, WhatsApp, Instagram, Airbnb, and everything else that comes to mind when we think of the Internet today. Cloud and dynamic web apps were just starting to appear. Online payments were rocket science and few could actually use on their websites.
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𒂠_𒍣𒅀_𒊑 pfp
𒂠_𒍣𒅀_𒊑
@m-j-r.eth
you don't see any value in RWA? https://app.rwa.xyz/
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Tokenized Human pfp
Tokenized Human
@tokenizedhuman
Bitcoin has long term security issues that nobody seems able to give a reasonable solution to. Early is often relative, as you've pointed out. There is still time to make money, there's still time to get out of bad projects and into good ones, and there is still time to learn how it all works.
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Metaphorical Leo pfp
Metaphorical Leo
@hyp
Agree on currency and chains, question is how encryption and identity tools from crypto will be used in other areas like AI for privacy . we need more personal, private ai models.
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headtop pfp
headtop
@headtop
Blockchain technology has been around for over a decade, but its true potential is still being explored. Cryptocurrencies may have had boom and bust cycles, but their utility goes beyond just financial speculation. It's important to keep an open mind and continue learning about this evolving space.
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YES2Crypto 🎩 🟪🟡 pfp
YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
If we compared to something similar, say... credit cards (which first started in late 40's!!!) one could accurately say, even 30 years after in the 70's, that it was "early" for credit cards. Compare 70's to even the 2000's and then now in 2020's - usage - ubiquity - features - scale - form factor changes (paper slips, strips, chips, mobile phones) - default behaviors of people and I think we can quite easily say we're incredibly early on crypto and blockchain.
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Brett Lee pfp
Brett Lee
@natashagardner
Cryptocurrency and blockchain technology are not as early as some may think, but practical utilization is still questionable. Bitcoin may have potential as digital gold
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ns pfp
ns
@nickysap
Earliness is relative to adoption, not time. I would say we’re only just getting to the point where institutional adoption is having an impact. And from an infrastructural perspective, we’ve only just reached the point where building viable products that challenge incumbents is possible. The internet didn’t reach mainstream audiences for nearly 30 years.
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Pedro pfp
Pedro
@pedrowww
The internet and automobile have remained in the niche, early stage for a very long time before becoming mainstream. Crypto is still early in the sense that the concept is still widely misunderstood by the addressable market, the use cases/benefits are limited and the UX largely dissuasive.
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Rando pfp
Rando
@chasing-pointers
the immutability of blockchains is far superior to any database for applications that require such constraints. The issue isn't the tech, it's the knowledge and competency of those building the apps. They are stuck in a 1990s data paradigm that they try to solve with chaotic messaging architectures that just make things worse. Blockchains will eventually displace anything with a core ledger/accounting function.
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tradehigher.base.eth pfp
tradehigher.base.eth
@yeoraemyson
Preach bro
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JestemZero pfp
JestemZero
@jestemzero
The primary utility is instant, peer-to-peer, low-cost transfer of money anywhere in the world. It's not close to being utilized to its full potential. No telling which blockchain will eventually win out here, but it will happen.
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