Is Crypto Dead?
(www.spectator.co.uk)
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Crypto is not dead.
What we are seeing in the cryptocurrency markets is a much needed draining of all ponzi scheme tokens and projects. What will remain in the cryptocurrency market after The Storm are only those tokens and projects with legitimate use cases and reasons to exist.
There is a very important function for cryptocurrency going forward, particularly in the realms of intellectual property and data sovereignty.
The future of music, film, and video games is one where smart contracts allow the transacting of these digital assets in an open and fair market. Presently it is the publishers, producers, and record companies that hold the ultimate power over intellectual property, leaving the original creator with very little agency in the sale and distribution of their product. That will all change, and cryptocurrency will allow for that change to occur.
So too will we see a radical shift in the way our data is transacted through our social media, medical establishments, tax centers, insurance agencies, and banking institutions. Our data presently does not belong to us. We give it away freely, and allow for elite oligarchs to compile it and sell it. Cryptocurrency will allow for the profits of this data to flow in the direction of those who originally created that data; i.e. the people.
We need to divorce ourselves of the simple notion that cryptocurrency can only be used as a stand in for the U.S. dollar, and as a hedge against inflation. If you invest in crypto using that hypothesis you will ultimately find yourself a bag holder of the latest hyped token. Invest wisely. Read the White Papers of projects. Decide for yourself which projects have actual real world use cases for their coins, and teams that are talented and well connected enough to see their vision come true.
In short; do your own research.
Well Said! Here is a future token with a focus on the premium end products.
Future is Now