Last Friday, Yale, the iconic long-term investor that other endowments look to for guidance, made a historic investment in two funds dedicated to crypto, signaling to many that institutional floodgates are officially open. As the manager of one of the more established cryptofunds, we often get asked, “How big can crypto really get?” The short...
Really helps draw the full picture of how blockchain tech can move forward society as a whole. Far from a moonboi piece, reading it feels like being an inspired visionary.
Robby165 months old | Karma CC: 1841 BTC: 5682 months ago
If we tokenise everywhere including derivatives market then we looking at a market cap of over a quadrillion. No I’m not joking. Derivatives market alone is around 900T.
No this does not mean there will be a coin for us to buy and no this does not mean you will be rich. It’s just a speculation that CAN happen.
"Cryptoassets are entirely permissionless. To store crypto, someone only needs a smartphone... and an internet connection. With those two things, anyone on the planet can access a state-free wealth storage mechanism." What nonsense. Electricity is the single point of failure. Governments control 95% of the power in the world. In any kind of disaster or war... power is the first thing to go.
I think that's a valid point. Maybe not globally, but across a country the lights could go out. Which is why there's work being done to decentralise energy as well! With the help of solar panels, modern battery tech, and dare I say blockchain for distribution... We can aim for a society where each household is capable of producing and storing their own energy, or even selling to another household.
Throwing in a curveball for the sake of discussion: Solar flares
Yes we are all so reliant on the internet today. Well at least for me. If there was a planned attack on the worldwide web, there are really only a few points of attack that can sever a nation completely from the grid. The electric grid would be the easiest to attack as a secondary prong. Since anyone with access to the internet can right now connect to anyone server online in the world, there could be a possible code developed to find some hidden exploit to bypass firewalls. Stutnex and heartbleed comes to mind.