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RE: When Will Crypto Mass Adoption Occur?

in #cryptocurrency7 years ago

Great points raised. As always. Decentralisation has not found its 'Killer app' yet, but it is still early days.

Decentralisation has huge benefits.. I just don't think they are touted enough. A decentralised web could be far more efficient. I love the work done on IPPS(Interplanetary File System). Centralised systems seem almost backwards, and slow when throwing data around the world.

The web worked well as a sort of centralised/decentralised hybrid when it was relatively small. But its grown big enough to be decentralised, and could benifit massivly

We were very much in a chicken and egg situation with computer networks. But no we have mass adoption of the technology and interconnected networks. Its the centralisation that could be argued to be a weakness.

I do agree that most of the public won't recognise the benefits . But when it becomes financially profitable for buisness to adopt it, expect it to get adopted.

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I used to think that an entity like Netflix or youtube could never work on a centralised system. But storage and bandwidth are expensive. If they could find a way of distributing it securlly in a decentralised way, it could be profitable.

I do understand that there is no compelling reason for the public to buy bitcoin as a curancy. But as a store of value, it may become the gold standard. Its centrally easier to own than a gold coin.

I watched your entire video with interest, and am fascinated by the debate.