Quote:
Originally Posted by cdcox
The underlying blockchain technology is going to change everything. In comparison to the internet, we are in about 1988 with respect to blockchain. In 10 years there will be multi-billion dollar companies that know one has ever heard of that will be the equivalents of Amazon, Facebook, and google. It will be the driving technology for commerce, insurance, medical records, engineering services, educational certifications, international trade, dog breeding, sports memorabilia, government entitlements, cyber security, real estate, supply chain tracking and a thousand other things I haven't thought of. It will take time , but if you push paper or electrons for a living you are toast on a decadal timescale.
The ONLY thing slowing this down is human ability to implement and adapt.
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Did you copy and paste that from somewhere? If not, very well said!
Important distinction: when people say "Blockchain technology" it must be understood as a public, distributed and secured chain...private chains are simply centralized and controlled SQL databases between
trusted third parties. The incentive to secure the public chain is the reward of the token/currency, which can then be transacted in a pure
trust-less P2P fashion.