and I think people in the Tech Bubble massively over state the importance of "the block chain" as some kind of savior when in reality one of 2 things will happen
1. The Banks and National Reserves will fold the technology into their operations making it apart of the current system. This process is already in the works. This will result in the same system we have today just backed by different technology, but will not lead to the end of Centralized Authority like the vision of block-chain supporters seem to have
2. The Technology will fizzle and die. Which seems unlikely at this point but it is still possible. Security concerns and other aspects still remain high....
However I very pessimistic that block chain will be what brings us to a different age, where these entities are no longer relevant
Outside of the Tech Bubble, there are very few people that even know what a block chain is.
1. The Banks and National Reserves will fold the technology into their operations making it apart of the current system. This process is already in the works. This will result in the same system we have today just backed by different technology, but will not lead to the end of Centralized Authority like the vision of block-chain supporters seem to have
2. The Technology will fizzle and die. Which seems unlikely at this point but it is still possible. Security concerns and other aspects still remain high....
However I very pessimistic that block chain will be what brings us to a different age, where these entities are no longer relevant
Outside of the Tech Bubble, there are very few people that even know what a block chain is.