Ten years ago, Lehman Brothers' deadly bankruptcy and the domino effect that torn the world economy generated the favorable context for a new possible future of finances, one with an alternative decentralized currency, a currency of the internet.
Oct. 31, 2008, Bitcoin was born, and in the last 10 years it has evolved from a hobby of programmers to a name even for Wall Street skeptics.
Unfortunately, on the way to becoming a renowned and world-renowned currency even in retail - this being one of the great dreams of bitcoin enthusiasts - the currency promoters have relied on the technology behind it, the blockchain, and the utility that comes once with this decentralized "log".
The big investors spoke at the beginning of last year, when the price broke the $ 20,000 barrier, about a "mass adoption" of crypto coins, shifting the way the blockchain would change the industries.
If 10 years ago nobody was talking about the bitcoin's "role", last year, central bankers and big financiers of the world shared opinions about the lack of price stability.
Of course, the big banks have adopted the technology, but not the one behind the bitcoin. They have developed their own blockchains, from UBS, JPMorgan Chase, or even Austrians from Erste.
This month, Erste Group,, the largest bank in the local market, announced it has successfully completed its first block issue in the world. But in the press release that praises the usefulness of technology, no one has said any word about crypto coins.
Because the bitcoin lost the mass adoption train.
Blockchain technology, which involves a so-called "decentralized" journal, goes towards mass adoption in most financial activities, especially in audit work, as it allows the inclusion of information that can not be altered or eliminated without the whole mathematical equation behind system to be rewritten, thus providing a viable history for any transaction.
But the bitcoin or the other digital coins did not prove to be stable enough to be able to embark on the adoption train with the blockchain.
According to CoinMarketCap, bitcoin is traded on Sunday, November 4 at 14.45 at $ 6,359 per currency at a market capitalization of $ 110.39 billion.
The total market capitalization of cryptocurrency thus reaches $ 208.4 billion, with 2097 listed coins on 15,626 trading platforms.
The same cryptocurrency market was worth more than $ 700 billion in mid-December 2017, and Winklevoss twins (those who sued Mark Zuckerberg for having stolen Facebook's idea) were announced by the international press as the first billionaires of bitcoin.
They and the other names of the cryptocurrency industry were then launching the theories on the bandwidth about the value at which they would stop. Everyone wonders where the bitcoin can "run". But a few months later the market received its answer. After a series of warnings from regulators and amid discussions in the largest economies of the world, the cryptocurrency market suffered massive "haemorrhages," with the beginner investors selling their coins quickly and leaving the market at the first fluctuations that took the bitcoin under $ 10,000 in March 2018.
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