I think it's entirely possible we will look back at this time and think about how foolish it was to assume everyone in the world could have their own cryptocurrency and that that would be sustainable.
I think it's entirely possible we will look back at this time and think about how foolish it was to assume everyone in the world could have their own cryptocurrency and that that would be sustainable.
More likely we'll look back at the foolish model's being employed by 99% of communities right now.
Imo the tokenisation of everything is still inevitable.
In my opinion, tokenization of assets is the next step in this evolution. The dichotomization of crypto and blockchain is a way forward.
My grocery shopping is already tokenized and most people involved don't even realize it.
How so? I'm genuinely curious.
They all give rewards points, cashback, gifts ETC for using their service.
You have club cards, track purchases and receipts on an app, keep your whole purchase history.
Ah, makes sense. I was just curious. Thanks!
I suppose only time will tell.
Wait until LeoFinance closes the currently unsustainable token loop by generating revenue from its user's content and using it to buy/burn its own token.
Just need 1 sustainable model & the proper tokenisation of communities will take off.
If anyone is going to get it right, it will be Leo for sure.
Yep. We're pretty far from that though.
It'll take a few more cycles of bull and bear markets, probably. Every time there's a bull market, there will be new people and new scams intended to get the money of those new people. I'm glad I've already been through a few cycles.
We can think of this era of crypto as the shakedown cruise for a ship. After the shakedown is done & the flaws are fixed, the ship is ready 2B commissioned into service. So it will be with crypto in a few years when the survivors come out.
I think there will be droves of new people and droves of new scams every time we're in a bull market, and that will continue for at least a few more cycles, but eventually stop.