Today it is a very different landscape. We know the limits of BTC and the blockchain a lot better and new technologies are strating to appear (AND I'M NOT TALKING ABOUT ALTCOINS/SHITCOINS!!!!).
What new technologies are starting to appear?
Distributed ledgers/databases/networks that rely less and less on cryptocurrencies.
Eris industries claims to be able to use blockchains for smart contracts without a cryptotoken at all.
The ripple network doesn't rely on a cryptotoken as much as the bitcoin blockchain, the token is there but is not necessary to use it and the network is not dependent on its price.
Ethereum almost the same (Vitalik as the same views on the cryptotoken themselves)
IBM is talking about building its "adept" thing.
etc.
Simply put, today cryptotokens "are there" because that was the only security mechanism for a blockchain/consensus ledger to work that we know of. Cryptocurrencies are not really needed for themselves and they have a lot of problems that make them almost unusable as actual currencies (aside for illicit goods).
That's my view at least. I definitely don't buy into the whole story on how bitcoin is more "honest/sound money" than fiat, for an infinity of reasons.
That's just a fantasy/lie by people trying to push their investment/scheme at all cost.
Simply put, whoever thinks bitcoin will replace all fiat currencies is simply delusional.
looks like we are going back down to $240s?
