Predictions blockchain and cryptocurrency 2019 – Vol. XII
We continue our series of forecasts from industry thought leaders about what could happen next year.
With almost every measure, 2018 has been a busy year for the blockchain / cryptocurrency industries. Beyond the usual issues affecting young companies in hiring, marketing, technology and financing, companies have been involved in a crisis of trust with investors, as cryptography markets have lost 80% % of their total value from the beginning of the year.
Add to that the magical source of funding caused by the reduction of initial coin offerings, the increase in government control and the absolute ban on certain activities, and the bitter battles between technology developers that have caused market rotations, and it is surprising that any company has survived such serious winds against it.
But in 2019, the survivors of this industrial winter demonstrate confidence in the underlying technology of the blockchain and in the continuing promise of cryptocurrency. They stress that institutional investors are still on the sidelines and many retail supporters are still not at stake.
Add this to the constant interest of large companies and the spirit of innovation shown by blockchains and crypto-pioneers, and the story seems much brighter than the simple numbers would suggest.
Block Tribune has asked industry thought leaders to consider what might happen next year. Now, until the end of the month, we will highlight their thoughts on what could happen in what every hope will be a happy and prosperous 2019.
BLOCK TRIBUNE: Where do you see Bitcoin in 2019 and why?
ANSWER: Bitcoin has almost reached 10 years of activity as the first truly international international currency, independent and resistant to control by any government, group or individual. I think he's now proven to be reliable and in 2019 he will continue to break out and churn out a block of transactions every 10 minutes, while companies start to feel comfortable with the idea that he is here to stay.
TRIBUNA BLOCK: Have recent cryptographic crashes affected your prospect and / or plans for 2019?
ANSWER: Not exactly. Living Room of Satoshi has witnessed similar price volatility in previous years, is something we expect and we expect as Bitcoin continues to grow. We intend to continue to create innovative Bitcoin-based products like Wallet of Satoshi – the easiest Lightning wallet in the world.
BLOCK TRIBUNE: what role will the stablecoins have on the market in 2019?
ANSWER: Stablecoins have the same inherent weakness as all asset-backed tokens, including security tokens, equity tokens, and the like. The resources of the real world are fundamentally centralized, while the token blockchains are fundamentally decentralized. Trying to bind one to another results in a compromise and a breakdown of both models, and I expect all the stablecoins are not able to keep their pegs (which we have already seen with Tether this year).
BLOCK TRIBUNE: which sectors – energy, e-commerce, gambling – do you think will have the greatest impact in the blockchain sector in 2019? (Feel free to choose other sectors)
ANSWER: Retail payments, including online sales and brick and mortar stores. Bitcoin has proven to be a reliable level of security, which now allows new second-tier technologies focused on retail as Lightning on which to base themselves.
BLOCK TRIBUNE: which event would you like to happen in 2019?
ANSWER: Satoshi Nakamoto transfers some of his first coins extracted.
BLOCK TRIBUNE: ICO died as an effective fundraiser? Why or why not?
ANSWER: Yes, regulators of government bonds around the world have now started enforcing sanctions against ICOs, which basically operate as illegal securities in most jurisdictions. And I'm happy to see them go, I think the whole concept of an ICO is incredibly misleading and deceptive for most investors, and it's usually proof of an unethical and sloppy business model.
TRIBUNA BLOCK: Where do you see the bitcoins coming in 2019 and why?
ANSWER: Bitcoin will experience a legitimate bear market that I believe will last for the next year. The reason is that both the bull and bear markets are driven by the collective psychology of society. Given the extreme market capitulation of the greatness we have experienced with bitcoin, buyers will be very cautious in the future and this is GOOD. The basis of the bitcoin is based on the fact that the forces of the TRUE market emerge, not hindered by the manipulation of the government. In the long run, this completely free market dynamics will turn bitcoins into what Satoshi Nakamoto meant. A currency that can not be manipulated.
TRIBUNA BLOCK: Did the recent cryptographic crypts affect your perspective and / or plans for 2019?
ANSWER: No. I believe in Crypto (especially bitcoin) more now than when he was climbing. This decline is tantamount to putting gold in the refining fire. It is necessary to burn the impurities and this shakeout is doing it. I think it's a mistake to look at the bitcoins through the eyes of an investor. We must see the bitcoin as a payment system that eliminates fraud through push technology. Believe me when I tell you that the whole financial system pull is irreparably broken. Bitcoin solves this overwhelming problem.
TRIBUNA BLOCK: What role will the stablecoins have on the market in 2019?
ANSWER: ZERO!!! I think the stablecoins are a complete waste of time. If you want a stablecoin tied to the dollar, then put your money in the bank. The hypothesis that the dollar and all other legal currencies are stable is a total illusion. Inflation / deflation is a constant threat purchasing power parity. The idea that a stablecoin solves this problem is ridiculous.
TRIBUNA BLOCK: Which sectors – energy, e-commerce, gambling – do you think will have the greatest impact in the blockchain sector in 2019?
ANSWER: I am personally excited to see what happens to the energy sector. I think a truly intelligent global innovation would be to democratize renewable energy by loading the entire value chain on the blockchain. Theoretically, the bitcoins and the combined energy could converge to create a world currency supported by power and exploited by bitcoin / blockchain.
TRIBUNA BLOCK: Which event would you like to see happen in 2019?
ANSWER: I think that one of the main factors of the decrease in the value of bitcoin is the forces around the world that cry out for the rules / laws that govern this new powerful currency. Imagine if there were no property laws that govern your home? What would happen if there were no IP patent laws? What if you do not have a registration on your car or even a marital certificate for your wedding? What makes the United States different from many other countries is our property rights. Property rights are the main tenants of wealth creation in a free market. Bitcoin is the free market as it comes, but it is begging to work on a legal framework. Once the jurisdictions around the world define how bitcoins will work within their borders, they will find the balance as a global currency.
TRIBUNA BLOCK: Did the ICO die as an effective fundraiser? Why or why not?
ANSWER: No. Just like the dot-com bubble that has broken out, ICOs will be classified as pre-bubble and post-bubble offers. All the white papers that received funding with nothing but the back of a napkin sketch will be transferred to the bin to which they belong. So, after some time of reflection, the market will slowly start to rebuild with real companies. Tokenization is a new revolutionary form factor that represents property and value. Once again, this is a market that desperately needs adult supervision through rules and regulations (ie laws). But in the end, the marketability of an asset with real value should be accessible regardless of the size of the company. I believe long term ICOs are here to stay.