#11 Internet age versus the blockchain age: 6 learnings

Would you have invested a billion USD in that website:

Bildschirmfoto 2018-01-12 um 08.07.28

Above you find the the world´s first ever published internet website. It was very basic, with zero design elements. Below some conclusions when comparing the advancement of internet (where I lost a lot of money) with blockchain technology:

  1. Blockchain will create value: Amazon killed lots of book stores and Netflix a the video rental business.  However , giant companies, like General Electric, Siemens, infrastructure, distribution, finance, etc. did not disappear. Internet helped to  create value, additively. I think  that the blockchain companies and ways of doing business will maybe kill PayPal or Western Union  but not replace Google, Facebook, Siemens, and Amazon.
  2. I expect a period with crypto market cap to continue growing exponentially. It will be over when internet companies will start joining the crypto space like Telegram plans with its own tokens and Telegram Open Network (TON).
  3. A few months after the giants join the space I expect the entire crypto market to crash about 80% and for it to recover only later. It took internet bubble 3-´5 years to recover. Assumption based on Nasdaq data taking into consideration accelerated recovery speed today.
  4. There are still tens of thousands of ICOs to come: I find this when comparing number of Internet based companies with the number of crypto tokens/coin/altcoins.
  5. I expect the blockchain cycle to be much faster than the internet cycle took. While history repeats itself it never does so perfectly. In my experience thing  are accelerating over time.
  6. Cryptocurrencies are more than money: Bitcoin for storing value to be compared with Gold, other coins compared like commodities like electricity. It definitely cannot directly compared with FIAT like some Central banks (see my article on World’s Central Banks views)

 

Source:excellent Medium Article of George Popescu,  CERN Birth of Web

Author: cryptorobby

My Dreams I dream of applications beyond Bitcoin and cryptocurrencies. Creating a Blockchain Return on Society Foundation (BROS-Foundation). YESSS: Return On Society! Blockchain Reality Blockchain use cases I have recently had a thorough look at: energy: photovoltaics/green energy, e-mobility, real estates, health, food tracking, banking, AI, relief aid and crazy stuff like sports platforms, art. Systems: Ethereum, Neo (!) ICOs / Blockchain Projects Mingling with ICOs/Blockchain projects. Growth hacking. Looking white papers. Writing crypto related postings, touching stories only. Crypto security Installing a crypto anti-hacking initiative HackerTracker to protect the values and visions of blockchain. Blockchain Conferences 2018 January 30, 2018: Blockchain for SCF Masterclass , Frankfurt, Germany February 13-16, 2018: Finovate Europe 2018 London, UK March 1-2, 2018 Asia Blockchain EXPO, Davao, Philippines March 5 Speaker www.worldblockchaintokensummit.com, Dubai, UAE April 16 Speaker www.crypto42conference.com Follow me on Twitter @cryptorobby! https://twitter.com/cryptorobby_ https://www.instagram.com/cryptorobby_/ (LinkedIn) Blockchain Influencer: https://www.linkedin.com/in/robby-schwertner This blog is not linked with my activity at FFG, statements reflect my personal opinion. ____________________ ► Questions? Ideas? Dreams? Visions? mail to: robert@schwertner.com

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