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Are Cryptocurrencies And Blockchain Technologies The Next 'Industrial Revolution'?
Anything with an intermediary can be disrupted. Every sector of human interaction will benefit from cryptocurrencies. There will be no more middlemen. No more gate keepers. The possibilities are endless.
Disruption to a
of industrial sectors is possible.
Banks charge inordinate fees that bitcoin doesn’t yet.
There are many laws that restrict the movement of money out of countries. Crypto helps the rich avoid those limits.
Income can now be paid in cryptocurrencies, thus avoiding the need to pay tax (and the government will have less money for infrastructure and welfare).
Current generation cryptocurrencies have led to many
more middlemen being created
The creator or Ethereum
Vitalik Buterin has said
that everyone has different needs and it’s hard to live in a world where everything is centralized or decentralized.
A lack of middlemen has demonstrably proved to be a negative in many cases.
A decentralized technology does not necessarily make all human interactions decentralized.
Possibilities do not necessarily mean that we will find, or more importantly use, cryptocurrencies in anything other than it's current state.
The mainstream public has yet to uptake the use of crypto-currencies in any form other than speculative investment and to avoid laws and regulations.