RE: Cryptocurrency: Fending Off The Dystopian Renaissance
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I agree with your idea about decentralization and maintaining a level of control. However I would like to add that if we want crypto currencies to expand and be accepted by the rest of the world, we need to show valid use cases. I like what HIVE blockchain is doing and the dApps themselves are helping people see the value of crypto currencies, but it is not enough for the rest of the world. Currencies only have power because people believe in them and I believe the same for crypto currencies. So long as we show how useful they are, more people will be believe in it.
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The biggest drawback to cryptocurrencies at this point @jfang003 is the lack of use cases. We do not have marketplaces set up where people can pay for everyday goods and services. This is a step that needs to be taken.
Sure people like speculation and wealth growing opportunities are great. However, without the use cases for crypto, many will still ask "what can you do with them?".
Of course, things are a lot better than it was a couple years ago so we are making progress.
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