Reply to "The Basics of Blockchain Technology, Explained in Plain English."

BasemanSenior Member

Drugb posted:
Riff posted:
Druggie...I was talking in terms of investments for the future...good idea to invest some money in the technology itself
Could be, but as with any investment, prepare for blows if it turns out to be hype. There are some application, but as long as the big companies don't buy in and govt can't regulate, it is not a sure thing.

Block-chain technology is viable and has great economic benefits. It is now the Wild West just like the dot com phase. Most of these block chain companies like RIOT, LTEA, etc will disappear. Bitcoin is a derivative instrument of block chain.

The big players will get involved and there will be some international controls framework to legitimize and make it mainstream. It is still unclear how it will play out and who will survive. The day Apple, MS and Google enter the frey it will change the landscape. The current proliferation will continue until the big guys enter, then you will see consolidation and streamlining.

1/13/185:45 PM

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