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RE: Panic at the Disco!

in LeoFinance3 years ago

Yes @edicted, I think Hive belongs in the top 20, for sure. Do I see that actually happening?

Conditionally, yes... but the condition has to do with something I've alluded to a few times: Hive is increasingly starting to look like a "utility" coin, and that's actually not surprising given how many are out there promoting all the things you can DO with Hive. The problem with that is so many of the fickle "fortune chasers" out there don't think utility coins are nearly as "sexy" as some pie-in-the-sky vaporware outlined in a White Paper filled with tall promises, conceived by a group of squirrels on crack.

So assuming a value shift to where actual utility and viability of blockchain projects are evaluated seriously as part of what moves prices, yes it will happen. But that's gonna be a long haul. The price of Hive pretty much doubled in a month, but we only moved up maybe 10-15 places in the Coinmarketcap rankings because — as they say — "a rising tide lifts ALL ships."

As for wallets, security and such... I'm pretty sure the technology already exists to create something like this:

A combined hardware/software wallet that's basically the size and shape of a credit card, has a screen, built-in wifi, biometric lock (Fingerprint? Retina?) and a few other things. The reason I say "software" is because you'd give it an operating system so you could actually load your favorite wallet(s) onto it, and connect to your favorite exchanges... the hardware would be cross-platform compatible, but you'd basically "build your own," according to YOUR needs as a user, from neophyte to serious trader. Ostensibly, you could also chip it so you could use it for payments like a standard touchless credit/debit card... and voila," you're paying with crypto everywhere!

It's what the industry needs, not just because it's cool, but because it would break down a whole lot of current barriers to entry. As for the chorus of "decentralization maximalists" out there, the REASON there's pretty much only Visa, MasterCard and American Express branded cards out there — rather than 6000 different brands — is that the mainstream won't mass adopt anything that's too complicated.

Sorry about the bloggy length reply... but your post really got me thinking about this.

=^..^=

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