Is crowd investing, blockchain and ICO the future of world economics and creating more individual fortune?
I have a sense of how financial technologies (fintech) like blockchain would make crowd investing more easier and accessible for individuals to invest in projects and startups, and how will this in the coming years will be more familiar for a common person to invest their savings in such tools.
Even tho cryptocurrencies like bitcoin suffering currently there will be an expansion and more users. Which will help in to make more individuals rich?
I am not a specialist or even in the field but having a passion to start a career in the filed and this is my insight.
So please tell me what do you think and will this be true, or I am just being optimistic?
Hey moebinfatah, I'm the WSO Monkey Bot...do any of these help:
I hope those threads give you a bit more insight.
There are not enough practical real world blockchain and cryptocurrency uses at the moment. The ecosystem is established, but the implementation is lacking.
Blockchain, ICO and all related things are good ideas for the world and bring a lot of solution, we can't predict for sure, but it seems that they are the future, the question is when they will be implemented
Generally speaking, blockchain technology has already been around (digital, distributed ledgers). I would go as far as to say that blockchain itself (decentralized ledger) is actually a bad idea that very few people want, though it may serve some niche purpose well. Some of the adjacent technologies that blockchain has helped develop, however, are good.
Fintech and crowdfunding will take a pause during the next downturn in the credit cycle and people will realize why due diligence is important, and Joe Schmo with dorito fingers isn’t a better underwriter than a credit shop. It’s easy to be a smart underwriter and have good performance when money is cheap defaults are low and valuations blow up .
ICOs won’t take off until they get SEC blessing, you’re completely missing out on trillions of dollars because no broker in their right mind would carry a product that’s not considered a security.
Not informed enough to offer thoughts on blockchain.
Now, does that mean these things have no value? Of course not. I think the next downturn will clear out the underbrush just like a forest fire does. Maybe crypto never becomes a security, maybe it becomes like the gold and silver ads on TV, but fintech and crowdfunding will benefit long term because shitty platforms and technologies won’t survive and the public will be left with the best of the best
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