Future of Cryptocurrency.

What is the future of cryptocurrency if you been paying attention you have noticed that the market has been quite volatile for the last couple of weeks is roughly about 20 - 30 billion dollars has left the cryptocurrency market place thats roughly 70 billion dollars right now but as of today its a little bit uptick.

I want to quickly summarize my thoughts about the space currently and where I see the space going on in the future.Most people who are I have been talking to feel like they missed this golden opportunity to enter the crypto space and missing out on this piece of the pie because it's only going to be for short space of time that this is going to be available to most individuals, well they are completely wrong. My belief in the system based on me being in the system and talking with people, the just sheer fact is that we are a long long way for crypto currencies actually getting mass adoption and there are a couple of reasons why :

Reason number one

The technology itself is not scalable yet, bitcoins are not scalable, you see whats going on with Segwitt and see what's happening with their scalability issues for the last couple of years they cannot handle millions of users.Ethereum is in the same boat trying to solve the problem though it looks great theoretically on paper lets apply it in the real world.

Number Two

We need talented people , there is a need to train developers ,there is not enough talented people in space , we need more engineers we need more people who specialize in crypto economics, we need more developers, we need more talented amazing people to enter the space and to offer value and to support the ecosystem. This is why Google goes around the world finding amazing people to bring back to silicon valley.

Number 3

It's quite simple the timing I truly believe that yes when Bitcoin came out in 2008 the time it was perfect but what I mean by timing for this point is Global Timing and so if you walk on the street and you talk to anybody about Bitcoin or Ethereum maybe one 1 out of 10 may know what bitcoin is but I guarantee O out of 10 people won't know what Ethereum is .So the actual marketplace is not aware of it and they are not ready for this adoption.

So we are in a very early phase I mean extremely early and it's still very experimental even though Bitcoin has been here for eight years, Etherium for 2 years that's like a blink it's nothing especially because this is not just technology this is actually transforming the paradigm of how you do business transforms the paradigm of how you think its transforming the paradigm of nation states and nationality because if money is not tied to a Nation then whats really the point of Nations what is the point of having a Canadian dollar what is the point of having the US dollar.

So the whole mindset of society is completely transformed with blockchain technology.So anybody reading this blog it is very early it,s not too late, i think the future of cryptocurrency is amazing and we have a long long way to go before we see huge mass adoption. But the bottom line is where we are right now we are experimenting this thing and if you think you coming around and you're missing on the boat you're not you're actually one of those what I like to coin the phrase lunatics in the space coming very early and you're joining us in this massive Global experimental experience process creating new types of crypto-currencies new types of tokens new types of systems of business.

Who knows maybe Bitcoin will disappear next year or maybe it may stay here for the next 100 years same thing with Ethereum. I really don't know what the platforms of the future will be .But the best guess we can say is we can look at the past from examples of Myspace and Facebook but those will be different we're entering an unknown territory where the whole Paradigm is completely different the psychologist completely different and also the context, because back then the internet was still being built so we now have a hyper active platform that things can exponentially grow which they didn't have back in the day.

So if you reading this blog and you feel you are left out of the party you're not left out. Your early and my recommendation is if you want to get involved buy some cryptocurrencies invest in some blockchain startups. Somehow get involved talk to experts.If we looking at the growth table of this technology we're still at the beginning. For example, Bitcoin has protocol layers of blockchain that must be solved right now and once we solve that, whether that is a stable channel, stable coins, proof of stake , Bitcoin, segwitt etc.

Once that is solved then we start to see more user adoption, where it's almost instantaneous transaction, very low transaction fees and more of a flawless user experience, where you don't feel like you are using the blockchain, you won't feel like you are using a cryptocurrency.The future of cryptocurrency is very very bright ,invest in Crypto you are not late.Come and join the party.