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Author Topic: #1 usage of blockchain tech in 5, 10 years?  (Read 407 times)
MakaveliTheDon (OP)
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July 12, 2017, 02:41:44 PM
 #1

If Ethereum actually solves its problems with speed, scalability and fees (with proposed Casper, sharding ...) it can become de-facto "blockchain application platform" and it means that all those ideas with decentralized governments, insurance companies, healthcare revolution, distributed KYC/AML ledger, distributed computing etc. can become reality and actually useful - and in that case, Ethereum will be the biggest usage of blockchain tech. But, maybe Ethereum will not solve its problems and some other project will (Lisk, Nxt, Waves, Neo ...). Or none of them will ... in this case, blockchain biggest application will be a basic store of value, alternate digital currency - cryptocurrency in its basic definition (where Bitcoin will probably stay the king).

So, what is your opinion on #1 usage of blockchain tech in the next 5, 10 years?
Distributed computing/storage, smart contracts, decentralised apps etc. based on Ethereum (given that Ethereum will solve its problems)?
Same thing on another blockchain application platform (Lisk, Nxt, Waves, Neo ...)?
Or cryptocurrency (Bitcoin?) in its pure form - a currency that people will use all over the world to make transactions and investments?

P.S.: We will probably see all of that, but what is your personal opinion on what will be bigger?

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frankwolfman
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July 12, 2017, 03:09:12 PM
 #2

Honestly, I dont see crypto currencies being adopted for quite a long time. Its difficult to get people on board with the idea, especially in the United States, but I think Blockchain tech altogether will become more prevalent and user friendly is the next couple years.

I see something like the hardware Wild Beast Coin showed off running the Blocknet, which would allow the computer to handle apps and programs it otherwise couldnt. Maybe even Nexus will supply the actual internet connection.

Its still pretty early to tell.
VanDeinsberg12
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July 12, 2017, 03:19:05 PM
 #3

Honestly, I dont see crypto currencies being adopted for quite a long time. Its difficult to get people on board with the idea, especially in the United States, but I think Blockchain tech altogether will become more prevalent and user friendly is the next couple years.

Its still pretty early to tell.
The blockchain will be actually give the automation for the economic infrastructure that gives the mass impact to the human or institution. The crypto gets adopted for the actual use and no more. But that will take a lot of the development to develop another usefulness of crypto.

I agree with your second sentence.

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July 12, 2017, 03:22:24 PM
 #4

Honestly, I dont see crypto currencies being adopted for quite a long time. Its difficult to get people on board with the idea, especially in the United States, but I think Blockchain tech altogether will become more prevalent and user friendly is the next couple years.

I see something like the hardware Wild Beast Coin showed off running the Blocknet, which would allow the computer to handle apps and programs it otherwise couldnt. Maybe even Nexus will supply the actual internet connection.

Its still pretty early to tell.

if other crypto can deliver a good blockchain alternative to bitcoin i think it can be adopted, i can't see all the new project built in only one blockchain like on b itcoin, we need more than one, ETH is really good for that because it's a platform that can host what you want, but it's used only for ico scam and stupid smart contract for now

25hashcoin
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July 12, 2017, 03:23:12 PM
 #5

Peer to peer payments.

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arizoo
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July 12, 2017, 03:33:09 PM
 #6

probably fintech related applications
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July 12, 2017, 03:33:55 PM
 #7

drug and gun trading probably Grin
MakaveliTheDon (OP)
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July 12, 2017, 04:10:26 PM
 #8

Honestly, I dont see crypto currencies being adopted for quite a long time. Its difficult to get people on board with the idea, especially in the United States, but I think Blockchain tech altogether will become more prevalent and user friendly is the next couple years.

I see something like the hardware Wild Beast Coin showed off running the Blocknet, which would allow the computer to handle apps and programs it otherwise couldnt. Maybe even Nexus will supply the actual internet connection.

Its still pretty early to tell.

I agree with your first paragraph.

Regarding your second paragraph ...correct me if wrong, but the starting idea of Blocknet was to be a true decentralised peer-to-peer system, but it seems that whole development is moving solely to peer-to-peer exchange and all they care is to support more altcoins which can then be exchanged on Blocknet ... I don't see that as something revolutionary, or am I seeing this whole thing wrong?

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frankwolfman
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July 13, 2017, 03:38:15 AM
 #9

Honestly, I dont see crypto currencies being adopted for quite a long time. Its difficult to get people on board with the idea, especially in the United States, but I think Blockchain tech altogether will become more prevalent and user friendly is the next couple years.

I see something like the hardware Wild Beast Coin showed off running the Blocknet, which would allow the computer to handle apps and programs it otherwise couldnt. Maybe even Nexus will supply the actual internet connection.

Its still pretty early to tell.

I agree with your first paragraph.

Regarding your second paragraph ...correct me if wrong, but the starting idea of Blocknet was to be a true decentralised peer-to-peer system, but it seems that whole development is moving solely to peer-to-peer exchange and all they care is to support more altcoins which can then be exchanged on Blocknet ... I don't see that as something revolutionary, or am I seeing this whole thing wrong?

Blocknets first project is the decentralized exchange, but once they get that up and running, they will move on to other projects. It might seem like thats all they're focusing on, but exchanges are a big issue in the current crypto world and Blocknets trying to address it.
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July 13, 2017, 04:19:36 AM
 #10

I think large financial institution such as banks and credit card companies will adopt it. It makes too much sense in the way that you can send money quickly and very inexpensively. I doubt they will be using a current chain though, they are likely developing their own as we speak.
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