Can decentralization lead the next phase of the economy?

[klava1983]

Regualation is needed, we can't deny this fact. Regulation is related to mass adoption.

[Rengga Jati]

As long as the country still exists with the government, the most power will be under a centralized system. The decentralized system will only be implemented in some industries or parties, not for all. It may be only available in some countries.
Well, if it is about the technology using a decentralized system, it will also depend on what kind of technology sectors, if it is about the very important data, will it be decentralized? I think not.

But then, what is uncertain is regulation, can cryptocurrency grow into a multi-trilion market without the proper regulations?

It will depend on how the country accepts the cryptocurrency. They may be available to be a partnership in the case of legalizing crypto without any hard rules and regulations. But, there are also some countries that are not willing to fully legalize the crypto. So far, this may be the problem faced by the crypto world and technology.

[Barbut]

Regualation is needed, we can't deny this fact. Regulation is related to mass adoption.

About what kind of regulations we talk about here? Government regulations? Or we talk about how regulated are some cryptocurrencies? I think that cryptocurrencies are regulated if you mean about scams in the crypto than you need to regulate your knowledge and try to stay away from scams, and if you get scammed it's on you. I learned every time I made a mistake and lost some money, it's how I regulate myself and what I can do and what I can't do, I don't need others to tell me that.

[perfect999]

The entire cryptocurrency market capitalization is a toddler when compared to the global markets like the stock market and the commodity market. considering where Bitcoin started, the whole ecosystem have come a long way since the past decade.

Bitcoin has been the dominant cryptocurrency for long now, I think that could change in the future. For the market to grow large and compete with global market, its becoming clear that other cryptocurrencies might rise to compete with the Bitcoin's marketcap. Top players from the traditional market need to get involved in cryptocurrency and issue decentralized products, the space need a lot of attention at this time. Such close competition could be setting the stage for a multi trillion crypto market.

But then, what is uncertain is regulation, can cryptocurrency grow into a multi-trilion market without the proper regulations?

Not as a mainstream economy for sure. Moreover to my surprise global markets look pretty stable now. The whole aura of huge market crashes and big depression is almost gone. People are thinking that recession's over. Talking about bitcoin Adoption would be possible only if we start to use bitcoin as a currency. But I don't see it's inherent problems getting resolved. The scalability and high fees issue still remains the problem. LN is just a dream we are taking from past 3 years. There is no reason why I think cryptocurrency market go mainstream in the next phase at all. Once while bitcoin was trying to fetch more capitalization in global space now is fighting in terms of capitalization in crypto space itslef.

Of course, crypto cannot be the mainstream economy of any country. Cryptocurrencies can be regulated and treated just like the other present assets such as gold, shares etc.Moreover, it doesn’t appear like the global markets are stable. The situation is still challenging. Crypto market appears as a safe space for investors and traders at the moment.

Also, Bitcoin adoption can be achieved in the terms of asset holdings by the people and not something that can be used as a currency because of its high volatility, low scalability and other such factors.

[Peanutswar]

Right now the bitcoin is leading away into the world of cryptocurrency and this is the most popular coin among all the time and some of the people are now slowly recognize this kind of coin as the possible use into the real businesses. Even this mass adaptation happens still there is no chance that the government will allow this decentralized coin to conquer the market and adopt the use of this like this is their most priority like they are using this as a currency. They don't want other people can manipulate the market price we all know that there is a chance that the whales could possibly manipulate the market price even we are telling this as decentralized.