The academic Gavin Brown describes the world of cryptocurrency as a pluralist and says that no one has a "complete grip" in space, in which he has been involved for three years.
There are financiers, psychologists, computer scientists and people involved in marketing who have been attracted to the cryptocurrency.
His background is finance, I work as an economist, in hedge funds and the creation of investment banking. "I'm not a technician," he admits. "I'm interested in how this takes place in the economy in general." He is now a lecturer at Manchester Metropolitan University, co-founder of Blockchain Capital Limited, and a regular cryptocurrency commentator.
"We have a significant number of coins and the market capitalization after the bubble has broken out or the correct market is 2,100 coins, excluding the dead coins.The UN says there are only 180 legal currencies, so there are many more coins, "he says.
"Many are aspiring replacement Bitcoins, but the vast majority will disappear and we will see only a handful of survivors.
"The main substitute will be tokenisation that adds value to a company or industry," he adds.
He points out that we are starting to see the emerging USD Circle standard supported by Goldman Sachs and we are "seeing that it is becoming incredibly important".
More generally, the problem is finding legitimacy for cryptocurrencies and ensuring that people adopt them.
Multinationals like Facebook and Starbucks are exploring the idea of paying for services using their own money that gives technology "instant legitimacy".
It is a model used by Disney in the 80s when it printed "dollars" with the faces of Pluto and Donald Duck that had been exchanged with US dollars, but they had the same monetary value inside of its theme parks .
By doing this in a simplified form, it will make the cryptocurrency more accessible to a wider audience that can be confused by the complexity of trading.
In the world of Crypto, the Circle USD currency allows legitimacy and has all the advantages of encryption with real-time transactions and micro transactions with minimum fees. It is currently outperforming the dollar, between $ 1.06 and $ 1.10 in value, more than the legal currency, he tells me.
"We are starting to see the control of multinationals from central banks and national states," he adds. "The digital currencies of the Central Bank are cryptocurrency versions of the existing currencies: central banks look at digital currencies and create digital currencies in parallel".
And last summer, the Bank of England was looking at a digital currency in parallel with the GBP with a portfolio hosted on the NI blockchain that would probably bring cryptocurrency purists "throw their hands in the air for horror" , He says .
It's amazing, he says, how the niche cryptocurrency continues to be. In a recent event, he spoke to 300 people and asked how many of the youngsters of financial origin in the audience used cryptocurrency and was slightly surprised that they were "only three in 300".
"People will ask if it's so great, because so few people use it, but a lot of this is about fear," he continues.
"It's like anything, it needs to have a part of the community that accepts to use it."
"It is still so nascent and is beyond the first times", as Bitcoin has been around for a decade, he underlines.
In the world of fiat currency, he states that statistics show something like 35% of the highest denomination. 50 euro banknotes are not accounted for due to money laundering. "It has just been accepted that it is something we fight," he says of money laundering, while he is often unjustly mentioned in the same breath as the cryptocurrency.
There is a need, he says, for regulators to allow old money to migrate to cryptocurrency so that it is legitimized and regulated – without this "regulatory hurdle" there will not be mass adoption.
Within the major banks, there are teams working internally on the potential for the central bank cryptocurrency, but none of the banks "will make the reputational leap and talk about it in a public space", remains behind the scenes.
Resistant to attacks
He compares blockchain technology to a steam locomotive and points out that Iota and tanglechain technology work differently than linear blockchain and works in 3D mode and can reduce 51% of attacks and is even "resistant to quantum computing attacks".
He is particularly interested in real-time transactions, using a blockchain case that allows access to those who do not have a bank account and can connect via a mobile phone with a Wi-Fi signal.
"Perhaps it is the greatest discovery unveiled in the history of mankind," he adds. But there is a rocky road for adoption ".
Point of no return
Multinational corporations are trying to push a form of currency, central banks are conducting research with teams that theorize if and when the point of no return when they lose control and the adoption of security tokens.
When he was talking to a regulator, they asked him where the blockchain is. This, more than anything else, sums up the lack of a broader understanding of the cryptocurrency that better education can cope with.