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Are Cryptocurrencies And Blockchain Technologies The Next 'Industrial Revolution'?
Cryptocurrencies and blockchain technologies are the next 'industrial revolution'.
We can bypass large segments of the banking system thereby reducing our costs greatly.
The ability to control our own finances will be in our own hands.
Technologies that are based on Blockchain will have enormous impacts on trade and the economy. For instance,
will facilitate market interactions. Blockchain is not only Cryptocurrencies.
A whole way for projects to raise funds through ICOs has been born.
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.
Developing nations have access to banking facilities with crypto.
There are some illegal use cases for cryptocurrencies.
There is no tangible value backing up the currency.
Quantum computing may break the crypto-mechanism that ensures the integrity of the coins/blockchain.
Blockchain doesn't solve any new problems; Everything blockchain does could be achieved in alternative ways.
which are likely to have a much bigger impact, such as artificial intelligence, virtual/augmented reality, brain-computer interfaces, autonomous vehicles, etc.
People are skeptical of new technologies such as Bitcoin.
Blockchain is not scaleable to be able to process enough transactions to work as a currency.
Do ICOs provide a better investment option for small investors than other options?
Bitcoin will become global reserve currency
Are Bitcoin and Similar Cryptocurrencies Good for the World?