I was contemplating the whole market and and idea of cryptos and the blockchain tech surge which got me thinking, where does it all lead to?
Option One - Survival of the fittest
Mass consolidation of major coins like LTC, Dash, BTC, and a hand full of others which will be used as currency. The big ones will get so big that it will start to become difficult for new players to enter the market. If this option turns out to be true then hold and hold long because prices are going to skyrocket. This is also likely the most beneficial for humanity as we will have stable global currency.
Option Two - Government takeover
Governments have been resistant for the most part to this new monetary system. However recent developments have seen various governments around the world adopting regulation for the industry (which may help us avoid Option Three). This option only sounds appealing if we can move past old crooks stealing everything for themselves and their mates. We need a new political class who understands technology.
Option Three - Chaos and ICO for everything!!
New tech businesses are going crazy with ICOs. There is a lot of money to be had. To an extent this is the state where we are right now. Lots of money being taken and made. Lots of scams and just bad investments exist. In a way it is the Wild West out here. Low regulation and negligible levels of real business models can lead to major losses and suspicion of the entire market.
Option Four - Blockchain for everything
You won't be able to take a dump in the future without proof of work! Ok maybe not quite like that, but blockchain tech will take over back up by big investment money. Models like Steemit will become the new norm with everyone getting a slice of the pie. Maybe this is the only way a future economy can happen?
Option Five - Total Collapse
Perhaps the most unlikely option, but I suppose there is a possibility of a total shut down. Although it would require something pretty dramatic. While future tech may enable breaking of the codes or a fricking sun flare could knock out the internet these both seem unlikely. Crypto is here to stay!
Long live cryptos, long live the blockchain!
What do you think? Have I missed anything?