Is crypto era over?

Dogecoin, a financial asset?

Behind the price hype that has occurred approx every 4 years, there's relatively very little real-world use of crypto. If it all snapped out of existence tomorrow, the world would keep turning without a blink. Nobody I know uses it. I've had crypto for a decade now and have never any need for it.

The technology itself has some uses, but the majority of it are solutions for problems that don't exist.

99% of crypto use is trading/speculation and the market is pretty much a casino where people gamble each other's crypto and cash out for real money. With the house (coin minters) making bank in the process. Ultimately little or nothing actually gets produced (many would argue it consumes more than it produces).

Yeah but it comes across like you were trying to equate crypto with traditional financial assets/instruments. Which is like comparing Disneyland money to the Euro.

The only reason we talk about crypto is because, for whatever herd psychology reason, people go mental over it for awhile, they pile into the scheme trying to make money. When that dies down, talk about crypto stops. Why? Because its not really used for anything else but that.

Bonds are boring financial instruments that make the world go around. Slight difference.

People will always keep trying to make money from it. Unless it's regulated out of existence, it will never "die". We will always get brokers, banks, market infrastructure, exchanges getting in in order to make money off that. When millions of idiots go into a frenzy of throwing money at "Shiba Inu" or whatever, there's significant money to be made from facilitating them do that.

In terms of broad public/business use, basically no one uses it, it's considered pretty lifeless from that perspective.

It’s good to see you’ve finally transitioned Dohn

I haven't, as far as I can see you're the token "excited" crypto supporter this bear, we've had one or two every bear run that I can remember.

Crypto down? "Great another chance to buy"

Crypto up? "Looks it's going up, quickly buy it"

"This is just the beginning" 2013 2017 2021 2023

aaand so on and so forth.

Go one there and search for 'hot singles in your area'. You'll find more uncountable mentions and more scam spam.

Really, from your years mentioned it seems they were here during the bull markets and never to be heard of again, 🤔 let me put it this way for ya, if ye don’t hear from me after the end of next year I am either filthy rich or I’m dead. I won’t come back to gloat and will be too wealthy for communication with peasants.

Been posting here since 2017 but I rarely visit these days due to the incredible amount of scammers and spammers that are allowed to post here recently. And no, the crypto era is far from over. 😀

BTC was trojan horse to get developers into Blockchain, its has succeeded, some of the best brains in the world are now involved in Blockchain.

We are now at the start of Web3 , the second phase of Blockchain and the pool of talent developing Blockchain is deep!

BTC is Gen 1 Blockchain, it does nothing , its is pure speculation, you buy and hope it goes up in price, meanwhile there are other Blockchain that will be generating income and also increasing in price. If you Take the time to search you will see many, many BTC miners are on the brink of losing money, they really don't know if the coming halving will pump or dump the BTC price, they are concerned to say the least.

Meanwhile Web 3, which you could call Gen 2 of Blockchain is starting to roll out, there are cost savings to be had by using Blockchain over legacy services, if you don't migrate to Blockchain, your competitor's that do will undercut you and take your clients.

Prediction time!

BTC was sold as Cryptocurrency to the public, it succeeded in bringing in top talent to the Blockchain world, now that Blockchain is here to stay we can see that the powers that be are going to destroy the Cryptocurrency dream, they will let it bob up and down in price, and just bleed money from retail in the coming years, but its not going to be the be all end all some think it is, the real money will be made on the Blockchain projects that generate money, so you have to separate the concept of Cryptocurrency from Blockchain, seek out the projects that will generate money from use fees and you will make profit way more than holding BTC and hoping for a pump.

Love posts like this and the thanks from patsy_mcabe, as in the years to come you will be here undoubtedly posting "how could we know blockchain was going to be huge and make investors big money, its unfair, all set up by the powers that be so they get rich and we stay poor, its a golden circle and we aint in it" 😉

Every prestigious university worldwide has a blockchain department, winners of awards in the fields of Math/computing are working on blockchain, its here to stay and adoption is rolling out, but you and others and hung up on BTC and cryptocurrency.

97% of institutional investors anticipating tokenization will evolve asset management processes and $100 trillion worth of assets in the U.S. that could someday move onchain.

The research shows 70% of respondents would increase their digital asset activity if services like custody and execution are available from recognized, trusted institutions. Despite the market downturn, 88% are moving forward with their plans. The study further indicates that almost all institutional investors (91%) are interested in investing in tokenized products.

Just released An Industry Paper from DTCC / Clearstream / Euroclear

Why should you care? Engage your brain, do a little research.................... or be fuming in the years ahead

Sibos is the Swift/Banks yearly conference, this year opened with Sergey from Chainlink.

This interview with Sergey, will go over the head of 99% of posters around these parts, i doubt even 5% will watch it, more's the pity as it contains solid Gold info.

The gist of it is banks will all run their own Blockchain and will use CCIP to link to each others chain, Banks do no want another settlement layer.(Ripple/XRP) For the dim-witted banks are using Chainlink , XRP will not be used by Banks.

CCIP looks to have killed of most Blockchain projects out there, they will not be adopted, anyone looking to use Blockchain will create their own.

Hyperledger and R3 to provide blockchain and Chainlink to connect them?

Looks to me that Blockchain is about to see a big uptake in use, just not the Blockchains that most here are holding bags of.

You can't say in years to come you did not see it coming, only yourself to blame if miss you out on this.

TLDR- swap your bags for LINK

Appreciate you dumming that down for us dirk, just one question if I may, do you realise that a centralised swift blockchain is just a swift network on a blockchain?

It would appear that all major players are going to be using blockchain, and they will be running their own private chain, so 99% of the blockchains are dead in the water, no one of note will be using them, that's where Chainlink enters and sucks up all the value, it will enable all these public/private blockchains to transact with each other.... for a fee!

I'll dumb it down again, The DTCC are the custodians of all the shares traded on the NYSE, massive number of transactions per day, all using Chainlink, all paying a fee. Not only them but Euroclear, the EU equivalent will be using Chainlink, paying a fee for every transaction, then we have SWIFT using Chainlink and paying a fee for every transaction, all these fees are paid to Chainlink stakers!

Chainlink has made 99% of crypto projects obsolete, they wont be adopted, I'm guessing R3 and Hyperledger will provide the blockchains to who ever wants them, Chainlink will connect them(for a fee).

As speculated earlier , BTC was trojan horse to get best brains into crypto, now that the technology has advanced, its ready for prime time.

IC3 is an initiative of faculty members at Carnegie Mellon University, Cornell University, Cornell Tech, EPFL, ETH Zurich, UC Berkeley, University College London, UIUC and the Technion. It's based at the Jacobs Technion-Cornell Institute at Cornell Tech in NYC.

Don't google Mexico about this. Mexico is in North America.

Why would a public decentralised blockchain interact with a swift centralised private blockchain when the whole point of blockchain / crypto is to remove a 3rd party from a financial transaction?

Have ye thought this through dirk lad?

Link up 25% in the last 30 days, I always said it, listen to dirk he’ll make us all rich

Don’t have any meself but 25% is pretty impressive in the current climate, wouldn’t begrudge anybody a profit, not even dirk

Just look at the info in the posts i have made and then make up your own mind, believe it or not i would like everyone here to make serious profits, most wont as they are stuck thinking of blockchain as cryptocurrency, think more on the lines of utility/infrastructure, which ones will be used in the coming years

if there ever is a thread of legendary boards posts yours will surely be in the top 10, you and several others stubbornly refuse to interact/refute with all the evidence presented to you, its like you believe that you have missed the $LINK boat and refuse to accept it is going to be as big as the evidence shows, so you think its better to ignore and hope it goes away.

SWIFT and The DTCC , these two alone should have you extremely interested in $LINK, but for some reason you have a mental block, well I'm here to tell you its still early, get into this thread https://www.boards.ie/discussion/2058197394/the-make-it-portfolio and see where $LINK is heading..............total domination of the blockchain world.

Don't be the boards version of Paul Krugman

Eth has some issues with the top holders holding relatively high percentages:

Percentage 7d Change Address Holders 244,797,533 Top 10 Holders 34.96% Top 20 Holders 37.54% Top 50 Holders 42.33% Top 100 Holders 47.63%

I saw another where it was actually over 60%.