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I believe that Katie Martin ("Year in a Word: Crypto", December 22) will find himself later in the uncomfortable category of "predictions that people really regret", just like Clifford Stoll, who once said with confidence that " no online database will replace your daily life ".
Ms Martin claims that the value of cryptocurrencies has collapsed and that a bitcoin now only takes "miserably $ 3,380" (the equivalent of three shares in Alphabet). Unfortunately, he fails to grasp the potential effect of cryptocurrencies and the underlying blockchain technology on the Internet infrastructure, the architecture of software systems and, ultimately, the company itself.
Being a computer systems researcher myself, I investigated the impact of blockchain technology on our existing software and database systems and sometimes I can only marvel at future solutions that this technology can offer us (for example, think of smart contracts) . Cryptocurrencies and startups behind them are the first generation of companies exploring the use of blockchain in our everyday lives.
Mrs. Martin concludes that "in the end it was common sense to kill the crypt.An internet search on the subject produces the frequent request of someone who" explains cryptocurrency as if I were five years old. "It means that the intrinsic difficulty to explain other complex concepts, such as artificial intelligence or Internet protocol, a five-year-old child will ultimately lead to their downfall?
It ends by saying that those who understand cryptocurrencies are certainly smart enough to know that the game is over. I would dare to say that the game has only begun!
Michaël Verdonck
Ghent, Belgium
