Quote:
Originally Posted by myjah
So you are saying that knowledge, support, purchasing of digital currencies is not valuable then? I mean, with the 'sheesh' and all, it sounds like you know something everyone else doesn't. Do share  |
I don't think it's knowledge that's specific to me .. plenty of companies are gearing up to use the blockchain for ideas ranging from software licensing to contract mediation. The current use (as a speculative investment vehicle) isn't sustainable, or particularly interesting, despite how much money I've been able to collect from it.
As far as financial plays go, the biggest opportunity on that side is the remittance market. In some trading pairs, the fees can be as high as 21% just to send money back to your home country -- disgusting.
If you look at the adoption rate of digital currencies, it's surprisingly anemic to date. Bitcoin's total market capitalization as of this second is $5,666,392,136. Its trailing 24-hour trade volume is $26,993,600. These numbers are so small, when compared to the global financial markets, as to be completely irrelevant. Niche markets? Sure. Broad adoption as a primary currency in the next five years? No. It's a longer-term play with some serious hurdles.
From my perspective (and the perspective of Silicon Valley, where I am deeply plugged in), the play is services on top of the blockchain.