Topic: Can decentralization lead the next phase of the economy? (Read 501 times)
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.
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. 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?
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.
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.
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.
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.
Regualation is needed, we can't deny this fact. Regulation is related to mass adoption.
The total market cap of the whole crypto market is nothing when compared to that of stock market or gold.
It seems that people have started investing in gold after seeing the recession faced by the stock market. Therefore, the rate of gold is skyrocketing at this moment.
If traditional and institutional investors decide to pour money into the crypto market seeing that it is on the rise even during an ongoing global pandemic, it would give a boost to the market like something that has never happened in the history of the whole crypto market. I think that crypto market is indeed capable of growing into a multi trillion-dollar market seeing the future potential.
It seems that people have started investing in gold after seeing the recession faced by the stock market. Therefore, the rate of gold is skyrocketing at this moment.
If traditional and institutional investors decide to pour money into the crypto market seeing that it is on the rise even during an ongoing global pandemic, it would give a boost to the market like something that has never happened in the history of the whole crypto market. I think that crypto market is indeed capable of growing into a multi trillion-dollar market seeing the future potential.
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.
There was a moment in the past when Bitcoin's market share was 37.8% and Ethereum's share was 31.1%. Now Bitcoin stabilized at 60-65% dominance, major altcoins struggle to keep up with its price gains and lesser shitcoins are disappearing. With this trend, alts have no chance to dethrone Bitcoin. Some major fundamental breakthrough would be needed, but how can you be sure that Bitcoin won't be the coin to have it?
As for traditional market players, they are into crypto purely speculatively. Even if we are getting more insitutional investors, we are not getting any payment method adoption from larger companies.
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.
I am just seeing it is not necessary. Bitcoin ecosystem does not need any top players from traditional markets. Because, when centralized things are working with the decentralized things that will lead to diluting the basics of decentralization concepts. But, when bitcoin will be proving its potential, top players will be joining for their own reason but people will never need to depend on them for any of the product they are offering by incorporating bitcoin. It means we do not need any such product but bitcoin will grow like anything else without need of any top players' interruption.what is uncertain is regulation, can cryptocurrency grow into a multi-trilion market without the proper regulations?
You prefer or not, regulation by government will happen for sure. But, it will work in favor of making more people adopting bitcoin in long run but in short run, government will be enforcing people to do what they actually want.For example, a government goes against bitcoin by regulation but they will introduce a government backed their own crypto then that will get more popular among people at first but later on people will start realizing the benefits of having bitcoin due to its decentralization characteristics. So, bitcoin will boom regardless of anything such.
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?
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?
What are you basing this off of? What are you seeing that is showing that other cryptocurrencies are on their way to becoming as large or even better than bitcoin? I sure don't see it. One other thing you need to realize is bitcoins blockchain is the only chain that has been truly tested at such high levels. There is no proof or positivity that if another chain gets to a 20k type level, that it will be able to handle it. A lot of this feels like mostly conjecture here.
Well I see where he is going with this. He is talking about decentralization and what bitcoin did until now, it sure opened a door for many others. Now it's a big question will we see some other coin getting close to btc and when will that happen, I see that as possibility, because as he said, the whole ecosystem have come a long way, and competition is getting harder every day! Now we can say that bitcoin will stay on top where it is for some time, but man nobody can't predict the future, and what can happen in certain situations, so at least we need to be opened for almost any possible scenario, even the one where some other coins are getting closer to btc market cap.
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?
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?
What are you basing this off of? What are you seeing that is showing that other cryptocurrencies are on their way to becoming as large or even better than bitcoin? I sure don't see it. One other thing you need to realize is bitcoins blockchain is the only chain that has been truly tested at such high levels. There is no proof or positivity that if another chain gets to a 20k type level, that it will be able to handle it. A lot of this feels like mostly conjecture here.
But then, what is uncertain is regulation, can cryptocurrency grow into a multi-trilion market without the proper regulations?
Simple answer: No. To be accepted in the mainstream market, proper regulation should take place. Even if the cryptomarket is booming, if the government find it unregulated, they will do their best to halt the growth and implement the regulation in it before allowing it to grow further. Regulation is always a partner of government adoption and implementation to its citizen. So as much as we love the word decentralization, the government will never allow it.
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?
It is unlikely that if an important business releases their own coin that this coin is going to be decentralized, and even if those were their intentions it is unlikely the governments around the world would allow it, just take a look at the project of Facebook releasing their own coin and how that turned out, as such bitcoin cannot be threatened and the longer the time it passes before a challenger appears the more difficult it becomes to surpass it as anyone that wants to get in this market most likely buys bitcoin and not any other coin. 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?
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.
There was a moment in the past when Bitcoin's market share was 37.8% and Ethereum's share was 31.1%. Now Bitcoin stabilized at 60-65% dominance, major altcoins struggle to keep up with its price gains and lesser shitcoins are disappearing. With this trend, alts have no chance to dethrone Bitcoin. Some major fundamental breakthrough would be needed, but how can you be sure that Bitcoin won't be the coin to have it?
As for traditional market players, they are into crypto purely speculatively. Even if we are getting more insitutional investors, we are not getting any payment method adoption from larger companies.
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.
There was a moment in the past when Bitcoin's market share was 37.8% and Ethereum's share was 31.1%. Now Bitcoin stabilized at 60-65% dominance, major altcoins struggle to keep up with its price gains and lesser shitcoins are disappearing. With this trend, alts have no chance to dethrone Bitcoin. Some major fundamental breakthrough would be needed, but how can you be sure that Bitcoin won't be the coin to have it?
As for traditional market players, they are into crypto purely speculatively. Even if we are getting more insitutional investors, we are not getting any payment method adoption from larger companies.
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?
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?
You raised a valid point because no platform becomes a worldwide name by just one person running the show at some point a whole other participants needs to get their own share of the market. But when it comes to crypto, the marker didn't start from a country to go worldwide, it started from the worldwide before thinking of going local which makes it kind of difficult for bitcoin to be dislodged from that top platform.
On the regulation, except crypto would continue to operate in the shadow with the option of going mainstream, there is no way around it because with the various atrocities committed in the crypto world, it's either regulation or eventual natural death.
Maybe yes, if all the countries in the world accepts Bitcoin and other digital currencies legally. For me, its really useful especially this time of crisis and we do not know yet, when all this strange things be over.
But, it can't give us a wider range of service because not all the people lives in a civilized places and have an access to internet and modern technology.
Wish everyone would know about it and learn as well for an easiest way of living.
But, it can't give us a wider range of service because not all the people lives in a civilized places and have an access to internet and modern technology.
Wish everyone would know about it and learn as well for an easiest way of living.
Without proper regulations, it will be difficult for cryptocurrency to lead the next phase of the economy, because the government will never
accept cryptocurrency if it cannot be controlled. Then for the government and banks consider decentralization as a threat, the reality is indeed
very difficult make cryptocurrency a global currency. But do not despair with the future of cryptocurrency, though it is unlikely in my opinion
there is still a chance crypto leads the next phase of the economy. By increasing the demand and crypto users, if crypto users in the whole world
can reach 50% of the total population in the world. I am sure the government will change their mind.
accept cryptocurrency if it cannot be controlled. Then for the government and banks consider decentralization as a threat, the reality is indeed
very difficult make cryptocurrency a global currency. But do not despair with the future of cryptocurrency, though it is unlikely in my opinion
there is still a chance crypto leads the next phase of the economy. By increasing the demand and crypto users, if crypto users in the whole world
can reach 50% of the total population in the world. I am sure the government will change their mind.
Crypto-currencies are regulated. About the government I think they will need us, more than we need them! They did
nothing in the past years, and if they did it's for their own benefit. And from there I took a question do we really need
politicians and governments?
I think that decentralization can and will lead us to the next phase, not just in economy, in other segments as well.
And sooner that happens it's better, I think what's enough it's enough, these politicians must go.
Without proper regulations, it will be difficult for cryptocurrency to lead the next phase of the economy, because the government will never
accept cryptocurrency if it cannot be controlled. Then for the government and banks consider decentralization as a threat, the reality is indeed
very difficult make cryptocurrency a global currency. But do not despair with the future of cryptocurrency, though it is unlikely in my opinion
there is still a chance crypto leads the next phase of the economy. By increasing the demand and crypto users, if crypto users in the whole world
can reach 50% of the total population in the world. I am sure the government will change their mind.
accept cryptocurrency if it cannot be controlled. Then for the government and banks consider decentralization as a threat, the reality is indeed
very difficult make cryptocurrency a global currency. But do not despair with the future of cryptocurrency, though it is unlikely in my opinion
there is still a chance crypto leads the next phase of the economy. By increasing the demand and crypto users, if crypto users in the whole world
can reach 50% of the total population in the world. I am sure the government will change their mind.
I think the regulation will have to come. And that regulation will come as a result of the government putting more interest in the crypto market. If the crypto is regulated, there would be more inflow of people into the crypto market. There will more trust. The crypto market can grow into a multi-trillion market only if a larger percentage of people in world (especially the Warren Buffets, Bill Gates, and the likes) are ready to trust the market. That trust will have to come with regulation.
If the government regulate cryptocurrency ,the decentralization will become centralize and that was the government wants to happen because as long as cryptocurrency is decentralize government doesn't have any control on it. Also banks will become useless if ever decentralization leads in the phase of economy which impossible to happen. I think Government will find a way on how to control cryptocurrency if ever they legalize it in every country.
I think the regulation will have to come. And that regulation will come as a result of the government putting more interest in the crypto market. If the crypto is regulated, there would be more inflow of people into the crypto market. There will more trust. The crypto market can grow into a multi-trillion market only if a larger percentage of people in world (especially the Warren Buffets, Bill Gates, and the likes) are ready to trust the market. That trust will have to come with regulation.
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