Well, there's gambling and then there's gambling. Pulling the one-armed-bandit is playing a game of odds against yourself. Life is mainly made up of random events we create narratives for. So to figure out the future we ask questions like:
Over the next 5, 10 or even more years, will systems of finance be more and more influenced by blockchain technology and cryptocurrency and has history (so far) shown that a raise in value for that sector generally raises the value of all other serious cryptocurrency projects?
If the answer is yes, then it seems more like a rational guess about the future than outright gambling. The key is timescale and ability to absorb risk. My failure here was a technical one relating to how this specific margin system works. I still think crypto will be worth much more than non-crypto in the long term future, with much volatility in between.
what if systems of finance (and other enterprises) just adopt the blockchain technology and ditch the shitcoins we are trading? What if this "crypto-economy" is nothing more than a pilot program. visa for example can adopt blockchain. then what?
Who's trading shitcoins? I try to stick to ones I think can bring real value. I try to, anyway. ;-)
I think it's inevitable they will adopt this technology. If an ICO today earns 1000x returns because of lack of competition, that's not surprising if in the future they will earn far less and actually have to compete in terms of providing real value. I look at similar to the music industry. Eventually we got Amazon Music, iTunes, Spotify, etc, etc. The centralized "You have to buy a physical CD from this record label even though you only want to listen to one song" days are gone.
The reason the current financial system has so much influence and power is because there are no better alternatives. If you put VisaCoin against a decentralized cryptocurrency which rewards individual holders with profit sharing, which one will customers want to use? Sure, Visa can put more into advertising, UX/UI development, etc, etc... but they'll still have to actually compete, just like the record labels did.
The consumer wins in the end, I think. Of course, there's always government violence to much up the works.
Well yeah but visa can still offer a few rewards for the sake of competition. they can take tackle the entire crypto market if they want and they won't even notice the difference.