Cryptocurrencies and blockchain technologies are the next 'industrial revolution'.

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Cryptocurrencies and blockchain technologies are the next 'industrial revolution'.

  • Microtransactions without associated fees is perfect for small shops and donations.

  • We can bypass large segments of the banking system thereby reducing our costs greatly

  • The decentralised and trustless model of Bitcoin's blockchain is revolutionary

  • The ability to control our own finances will be in out own hands

  • Disruption to a wide variety of industrial sectors is possible

  • Money can be transferred quickly, without currency exchange fees and in total safety

  • Cryptocurrencies and blockchain can change the world, it would be even better to cut out the fake altcoins

  • A whole way for projects to raise funds through ICOs has been born

  • Anything with and 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.

  • Once we have a lightweight crypto marketplace for the common person it will take cryptocurrency to a whole new level legitimacy and usability. is already making headway here, only a matter of time.

  • Developing nations have access to banking facilities with crypto

  • There are some illegal use cases for cryptocurrencies

  • Operating them consumes far too much energy to allow them to gain widespread use

  • Big banks and corporations have a huge interest in prohibiting this and will use masses of resources and influential relationships against it.

  • There is no tangibale value backing up the currency

  • Bitcoin is based on credibility so we assign it actual value - some event or happening may remove the credibility thus removing the percieved value of bitcoins

  • Quantum computing may break the crypto-mechanism that ensures the integrity of the coins/blockchain

  • Users may experience a steep learning curve on initial adoption

  • There are other technologies which are likely to have a much bigger impact, such as artificial intelligence, virtual/augmented reality, brain-computer interfaces, autonomous vehicles etc

  • The washing machine alone, let alone the whole industrial revolution, was far more impactful than the information age will ever be. Blockchain and crypto will have next to no impact by comparison (23 Things They Don't Tell You About Capitalism, Ha-Joon Chang, Ch1)

  • Bitcoin will become too energy intensive to continue maintaining the ledger.

  • People are skeptical of new technologies such as Bitcoin

  • Cryptos aren't really disrupting currency, they are primarily making transactions more efficient and secure. Efficiency gains are not revolutionary, they are standard innovation practice. Disrupting currency, ala a revolution, would require transforming the way we think about, measure, and communicate value in a complex, interconnected world.

  • Bitcoins are simply mined for the sake of it. They are not backed up by any economy the way traditional Money is. If the money isnt tied to an economy it is only worth as much as eople are willing to pay for it. Theres no real value behind it. Bitcoin will fade away but the Blockchain Technology will have a huge impact and prevail.

  • Most of today's blockchains are too slow to support high-volume time-and-mission-critical enterprise operations. While it is possible that consensus mechanism based technologies will form the basis of Internet 4.0 (for lack of a better term), the ultimate winner may not be "blockchains" per se.

  • There is little 'official' protection for persons who loses their funds to fraudulent actors

  • Blockchain is not scaleable to be able to process enough transactions to work as a currency.