For now that’s true. I’m not giving judgment on crypto VMs for 10-20-30 years.
Right now 90-99% of the space is scams and nonsense, which happened because of the lack of a regulatory environment. Any smart white collar criminal and fraudster with brains knows they can make millions to billions on crypto and never be charged of a crime.
Crypto is in its ARPANET whatever days. It’s purpose is not fully clear, there are a few usable applications (Uniswap, NFTs, MakerDAO) but really it’s purpose will only be realised when the main snags are solved:
- it needs massive throughput
- it needs some form of hack resistance, even if that means the ability to reverse transactions
- it needs some form of regulations to avoid rampant crime and fraud
- UX/UI need to be dramatically improved (I’ve heard good things about Rainbow and Argent Wallets).
Then user facing applications will show up naturally. You just need it to be able to process some X amount of quantity of transactions, and potentially, reversibility.
Right now 90-99% of the space is scams and nonsense, which happened because of the lack of a regulatory environment. Any smart white collar criminal and fraudster with brains knows they can make millions to billions on crypto and never be charged of a crime.
Crypto is in its ARPANET whatever days. It’s purpose is not fully clear, there are a few usable applications (Uniswap, NFTs, MakerDAO) but really it’s purpose will only be realised when the main snags are solved:
- it needs massive throughput - it needs some form of hack resistance, even if that means the ability to reverse transactions - it needs some form of regulations to avoid rampant crime and fraud - UX/UI need to be dramatically improved (I’ve heard good things about Rainbow and Argent Wallets).
Then user facing applications will show up naturally. You just need it to be able to process some X amount of quantity of transactions, and potentially, reversibility.