Here's a thought:
Okay, assuming some catastrophic economic meltdown happens with the debt-based Fiats, we all know that crypto's will be a huge thing. About the time fiats go sliding down fast, the value of crypto's begin to skyrocket against USD, EUR, and even CNY. There are many reasons why even gold backed fiat including BRICS nations will slide against cryptos at one time... Given that, The world will take a serious look at public blockchain wealth distribution, and start fueling the REAL frenzy; phase 2, global adoption. Corporation and banking blockchain alliances have already formed. They know they are in trouble, and in a rush to even understand and implement the technology, forming private chains. They don't want open public ledger because they can't create $ from thin air! (like they do when giving home loans in usa)
PoW, PoS... the main part being "Proof of", which in their books is a loan you owe them back with interest when they never had the $ in the first place. They can't milk you for tx fees, overdrafts, or deny you funds, or delay transfers for days letting clearing houses get a cut. They lose control, period. It scares the piss out of them, which is why alliances have formed to use the tech to at least lower costs internally between banks, again middleman screwed. Even the major clearing house itself (CHIPS) is looking at the possibility of harnessing btc to speed up legacy systems. None of this is going to save then when the value of the fiat they create is worthless. WallStreet will be scrambling for shelter... Gold sure, but being that blockchain is just ramping up, we stand a very good chance of a HUGE influx of money whenever global fiat economies begin to crumble. Then crypto-investing will become a popular thing. It's still new. Were not even at 1% global usage yet. Big things are coming. There are endless blockchain apps to develop. This is the first day of the rest of your life... The good part. You are about to make a shitload of money. All you have to do is hold on, it will be a bumpy, wild ride. Personal advice: Never convert 100% to fiat, it may bite you in the ass.
Good luck all!
Like it was said - dumpers will sell - it is in their nature. I personally don't care. 100% agree that if you hold it for ~2 years it will be worth more than a shitload of money.
Few thoughts on what you wrote:
Banks issuing their own private blockchain will help them (low internal infrastructure costs), and not the customers. Behind "Banks" there are people from old world that care for themselves only. They won't change, and thus we will replace the technology first and then we will replace them. It will take ~10-15 years.
Private blockchain between few banks - well, not sure it can succeed. The main problem is what will be the consensus of that blockchain - all banks have different interests, and a trust issues. It just misses the all power behind the technology.
Everything else - I think you are correct. People will realize that they were fcked by banks, fin institutes and states and will start glimpsing at cryptos, BTC, and public blockchain-based solutions. We know that all it takes is a glimpse. Combine that with good, reliable, and easy to use platform for investments that generates way, way more profit than the old shitty industry,.. that is when big money comes in and price goes up from 5x to 10x and then keeps doubling itself every few months.
If ethereum was up to 20$ while still in beta, I don't see why we won't hit x100-150 in few years
so yes - hold your tokens tight and prepare for some bumps on the way to early retirement.
I haven't seen anything remotely close to Iconomi since bitcoin. I am talking about the idea, the timing, value proposition, time to market, and MOST important - the team
A big A+ and a hug - THANK YOU ICONOMI TEAM
