RE:I pretty much called cryptos topI do not seeing it take 10+ years to start the next run. There will either be some winners way before that, or it'll all come crashing down.
On one hand it is fascinating tech but the underlying problem is, proof of work, block chain tech does not scale. Bitcoin can do 7 transactions a sec and bitcoin cash does 28. Whup-de-fuk.
The gold analogy is the only thing that gives bitcoin any weight with it acting as a digital storage. But that's not what people are envisioning. They are envisioning a utopia where everyone can conduct commerce with no government control, paying little to no fees. Problem is bitcoin can't do it.
Yeah lightning. Well that's level 2 and is not bitcoin. It is another layer that can be made to work with any crypto. Bitcoin just has first mover advantage which admittedly is huge.
Maybe other crypto like iota can foot the bill. We'll see.
Crypto heroes don't want to see it this way but I see companies using their own blockchains. The future will be Microsoft block chain, apple block chain, amazon tangle, fidelity smart contracts without any of the data ever hitting a public block chain.