RE: What Is Going On With Cryptocurrecny?
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tl;dr: Don't forget NFTs!
I see something very similar. Blockchain, as a method of handling data, simply solves too many problems to not be integrated into our handling of data, as a society.
Where I disagree is the idea that the alts will die away. I think because of how transferrable liquidity is between coins, there's very little reason not to add new tokens: as you say, for new companies, new neighborhoods, etc.
What will change is the disconnect of these tokens from the established tokens, but we've already kind of seen that: many new tokens run on Ether.
The implication of this I think we're going to see explored this year: how easy it now is to take something non-fungible but tokenized and derive a market value that can be understood by two individuals, buying and selling the thing, right there.
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NFTs are really a storm that is brewing which will change a lot of things. We are going to see a massive explosion in that arena, which is going to catch a lot of the existing system off guard.
The ability to tokenize, thus monetize, just about anything, by anyone, is something they do not know how to handle. This is going to create major problems for all these types of entities.
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I mean I'll be honest - I'm aware of the technology and I'm having a hard time even getting a handle on the possibilities, so I can plan my place in the changes!
It is truly impossible to keep up on. There is so much taking place that even paying attention makes it tough to grasp fully what is taking place.
The only thing we can hope is to get general trends in place. We are in a period of acceleration that makes things very difficult to wrap out minds around.
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