That's what people have been saying for forever though. But old tech and companies are slow adapting and adaptations are costly. The same way how Internet 1.0 companies have difficulty competing with Internet 2.0 companies. Blockchain is internet 3.0,
I hope so! Sometimes I think yes then other times I am more pessimistic.
The difference being that Amazon needs to make money to exist, but a blockchain technology is self supporting.
I don't think that is entirely correct. They are dependent on money it's just it is not as direct - the value at least initially comes from speculation.
It will outperform older services by cost and rewarding people, and a multimillion company has so many costs they are not going to be able to compete unless they significantly restructure and fire everybody left and right.
Yes I think that is the big hope and how they can change things by reducing costs and reducing the number of middlemen who take a cut of everything.
Will it be tomorrow, this year or next year? Nope. Maybe 3-5 years until it starts and 10 years before it becomes clear there is going to be a new world/internet order.
Or maybe even longer. Sometimes technology is ahead of it's time and it takes longer to go mainstream - it does happen it just takes longer.
Well, fair enough. I guess it depends on how big of a believer you are :) I'm a real skeptic and cynic but every once in a while I just stumble on something and know it's gold. I had this feeling back in 1995 with all sorts of things like Google, Youtube, and I have this feeling now with these emerging technologies. It's not certain that these specifically will survive, just like how myspace and msn boomed but ultimately declined. But in the end, blockchain technology (or similar decentralized like IOTA's tangle) is the future of the internet I believe.
So my strategy is to get as much crypto as possible, as fast as possible, because despite any dips that will surely come, I believe the path will only go up
I'm not saying you are wrong. I just tend to be very backwards and forwards on these things lol! I do believe what we have here is amazing but I also think about all the powers and vested interests who stand to lose so I do tend to waver on it at times. I'm following the same strategy with crypto though.