Topic: The future of virtual coins / cryptocurrencies (Read 336 times)
The following quote is from Jared Tate (Digibyte)
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Finally, a few housekeeping notes. All recent orders on DigiByte Market will be refunded due to the recent price fluctuations.
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This remark by Jared underlines the problem of many coins. All use cases get crushed by speculation. So in the end the network/blockchain is useable with the tokens on it as long as the tokens are private. Probably these blockchain services will all switch to fiat money and drop the whole speculative coin part.Banks will adapt and away is our speculative cryptocoin world.
IMHO no blockchain service needs a public coin/token and having such a token heavily undermines much of the underlying practical use cases. Public coins will never provide the stability companies and users (other than speculators) seek. In my view every respectable fintech company will sooner or later switch to private coins or tokens making the current reality one of coins as a cash cow, as an of stock source of income, to create the basis for this companies to develop their blockchain services.
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