Blockchains are still early!

[robro]

"We tend to exaggerate the impact of technology on the short term, but massively underestimate its impact on the long term. It’s clear that blockchains are early today, but they will undoubtedly transform economies tomorrow." - Beniamin Mincu CEO - www.elrond.com

What do you guys think?

https://twitter.com/ElrondNetwork/status/1102530679324196864

[neonshium]

"We tend to exaggerate the impact of technology on the short term, but massively underestimate its impact on the long term. It’s clear that blockchains are early today, but they will undoubtedly transform economies tomorrow." - Beniamin Mincu CEO - www.elrond.com

What do you guys think?

https://twitter.com/ElrondNetwork/status/1102530679324196864

My point exactly, this blockchain move is relatively new and it's already making impact for many people and countries.

For example, the economic crisis we saw in Venezuela and how bitcoin and crypto became their saving grace even until today, bitcoin have also impacted me so much that I don't take payment for jobs in fiat anymore but collect them in bitcoin and other cryptocurrency.

[MakeMoneyBtc]

Thats true, because if you think about internet it took about 30-40 years until it became what is is today and even now not everyone has access to it. Blockchain was created just 10 years ago and a few million people use it today. Think about how will Blockchain look in the next 20 years.

[demenBTC]

10 years in technology is indeed quite early and still requires an additional source of ideas to be more advanced rather than drowning in the middle of the road, with the decline in all the long coin prices greatly affecting users and slightly scraping the trust of the future

[jvdp]

Thats true, because if you think about internet it took about 30-40 years until it became what is is today and even now not everyone has access to it. Blockchain was created just 10 years ago and a few million people use it today. Think about how will Blockchain look in the next 20 years.

Good example to show what is blockchain and how early it is. I appreciate that first then still not even 30 person does not know crypto currency and its usage. They may heard or see any advertisement at anywhere.
But for long time it will slowly get revealed to the world people. Algorithms and blockchain are vast subject still many among us do not fully about these two topics.

[Idrisu]

"We tend to exaggerate the impact of technology on the short term, but massively underestimate its impact on the long term. It’s clear that blockchains are early today, but they will undoubtedly transform economies tomorrow." - Beniamin Mincu CEO - www.elrond.com

What do you guys think?

https://twitter.com/ElrondNetwork/status/1102530679324196864

I really agree with Beniamin and to me he has spoken into the future.  The development of blockchain technology and adoption of cryptocurrencies are still at the early stages and in 15 to 20 years to come we would see bitcoin at the mainstream of our financial system and that means for early adopters there is always money to make.

[clonely]

"We tend to exaggerate the impact of technology on the short term, but massively underestimate its impact on the long term. It’s clear that blockchains are early today, but they will undoubtedly transform economies tomorrow." - Beniamin Mincu CEO - www.elrond.com

What do you guys think?

https://twitter.com/ElrondNetwork/status/1102530679324196864

I don't think that it is early. All over the world, thousands of company has already started to work for blockchain. They are making research how can they use blockchain in near future. Some of them have already started to work with blockchain even. So we are age of development for blockchain, I think so!

[casperBGD]

these are only the first steps of blockchain technology, but that question is not simply connected to BTC, there is a correlation, but not complete

[LbtalkL]

The true investor looks upon the long term and maybe they are thinking of the future how great blockchain technology is, however not all blockchain that exist is the market today is good, especially those token that created easily with no real team most likely a scam project, Some have comparisons, strength and weakness I'm still waiting for the king's (BTC) ligtning network it will be a different story if that will be implemented.

[terra_vival]

Blockchain technology is a new stage of progress on a global scale. The technology itself is still at the stage of dissemination, but already has a huge potential to address important issues.

[tippytoes]

Thats true, because if you think about internet it took about 30-40 years until it became what is is today and even now not everyone has access to it. Blockchain was created just 10 years ago and a few million people use it today. Think about how will Blockchain look in the next 20 years.

We have a long way to go in terms of crypto adoption. But with the help of the technology that we have right now, I believe this adoption will be faster than we expected. Many people are now using smartphones and have their internet connection. Unlike 10 years ago, where smartphones were considered to be expensive and net connection is not available to most people.

[hell_slayer]

I believe that the blockchain technology itself is still completely new and we are not aware of all the possible areas of its use. I think that the price of cryptocurrency has very little significance for humanity, the technology itself and its implementation in real life are much more important. We need to be patient and take part in the construction of a new world with the widespread use of blockchain technology

[sandra_x]

We have only just scratched the surface and the field of cryptography is still in its early days as regard practical application. The beauty of it is that it has attracted alot of attention and as a result we will see rapid development of the technology, something beyond the geeky and  textbook stuff to industrial applications

[ChiNgadOr]

I think that blockchain is future.. it is already proven.. more cost-effective, less fees and higher speed as there are no intermediaries, more transparency, lack of one point failure... That is why sooner or later, this will make a huge impact in all our lifes and will get massively adopted.

[Skroojee]

I think that the world of cryptocurrencies and blockchain technology is already beginning to change. I think that after a couple of years the situation will change much more and it is possible that in a couple of years the market will rise much more and also cryptocurrencies will affect the whole world much more.

[sandra_x]

these are only the first steps of blockchain technology, but that question is not simply connected to BTC, there is a correlation, but not complete

It is often a misconception as rightly said to limit the blockchain technology to just bitcoins (or even cryptocurrencies) but the close association with bitcoins kind of make it easier to most persons. The beauty in creating a system where we do not have to place our trust in third party can create an enormous variety of applications.These are over-simplification in any case.

[blockman]

A decade can still be considered early, look at the most popular companies today that has made their name along their way. It took them more than that. People are expecting too much because of the hype that blockchain brought but today it's not more about it anymore. We are gradually adopting it and companies are starting to take interest to it. The transformation to the economy would really create that kind of impact that has never been expected especially by those people above who belittle this tech.

[Danslip]

Blockchain has future and leading technologies always win the race for obvious reasons. People sometimes don't understand the concept of blockchain technology, they think bitcoin and blockchain is the same thing. The blockchain invention has a bright future and applying this technology to various industries will be an achievable solution.

[Psynthax]

"We tend to exaggerate the impact of technology on the short term, but massively underestimate its impact on the long term. It’s clear that blockchains are early today, but they will undoubtedly transform economies tomorrow." - Beniamin Mincu CEO - www.elrond.com

What do you guys think?

https://twitter.com/ElrondNetwork/status/1102530679324196864

Blockchain still a new thing and how old the blockchain is in this day? It's 10 yaers old and the adoption needs a lot of time. Until whole of companies will use blockchain to replace its traditional system and the massive adoption still not happen yet.

[BurgerCash]

Blockchain tech is severely overrated, digital currencies are its best use, most ICO-advertised uses are bad and the future for blockchains is incredibly niche. Bitcoin is what is important, very few companies actually need blockchains, and those who do use Hyperledger.