Year 2018 has meant many changes for the crypt ecosystem. From security tokens to price winter, crypto evolution is increasingly difficult to predict.
Beyond the statements, there are three internal conflicts that will manifest themselves visibly the following year.
Ideology versus products demanded by the market
ICOs of previous years had a different evolution from the current one. Difficulties in obtaining funding have multiplied, forcing a change of approach.
The beginnings of Web 2.0 were made in installments. The basics of Web 3.0 are lifting simultaneously. Web 2.0 ICOs have raised money easily. Web 3.0 companies have a ridiculous assessment from day one.
Both types of initiatives are trying to find the right products for the market. The difference is that Web 3.0 projects are based on ideology as the final product of the first day. Ideology is the principle of coordination between all parties taking part in the crypt ecosystem.
Amazon has decided to use Internet protocols to make the purchase of books the fastest, easiest and most enjoyable shopping experience possible. Google's mission was to "organize information in the world to become universally accessible and useful." In 14 years, the interpretation of the statement has changed dramatically.
Such a change is relatively easy to achieve in a centrally organized company. But if Amazon and Google needed the approval of the shareholders for a change of direction? Most likely, he would not have reached where he is now in that situation. The alignment and evolution of large-scale ideology is extremely complex.
In 2019, we will see a change. Open-source projects will continue to seek funding from the public for their ideas. But Web 3.0 companies will have to provide demonstrations of their products before they get funding from the investment funds.
In short, 2019 will be returning venture capital (VC) to the crypto market.
Market Assessment vs. Adoption
Best example: 130 billion and 10,000. The total cripto market valuation in dollars has reached 130 billion dollars. The total number of users of Ethereum decentralized applications is 10,000.
Another example: 14,000 merchants worldwide accept Bitcoin. There are over 4000 ATMs in Argentina alone.
A third example - the most popular DEX Ethereum has 700 active users every day.
In 2019, we will be aware that we are using criteria to assess wrong adoption. The metric of tokens in circulation with the price is ridiculous.
The exponential adoption of DLT technologies and crypto assets will generate new models of success evaluation and will contribute to the maturing of the industry.
Crypt-enthusiasts vs. crypto-skeptics
Every time Jamie Dimon or Nouriel Roubini make a public statement, it generates a storm of arguments against.
There is a clearly defined conflict between crypto-enthusiasts and crypto-skeptics, which leaves no room for mutual understanding or empathy. Historically, every major change required a solid base of support. Evangelists of change continue to fight against the status quo until they succeed in initiating the revolution. The DLT community has the necessary tenacity.
The crypto ecosystem needs a new approach.
The market is moving at a different speed. Projects that do not make dramatic statements and launch their products professionally are lost sight of. There are many who see their work, build and deliver (an example being waves).
Corporations avoid making public statements about their position on the DLT, but they work like a maniac behind the scenes. Fortune 500 companies demand patents for the blockchain, but they have no real intention to put them into practice.
Christine Lagarde, IMF Executive Director, was right:
"There are new requirements that are continually developing for money and for key policy objectives. While the case of the digital coin is not universal, we should investigate it seriously, carefully and creatively. "
The crypto ecosystem is on the rise. Blockchain and DLT have huge potential, which is not yet achieved. But we could identify some of the benefits it offers in 2019.