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Bitcoin and Friends: The Next Five Years/The Coming DEX-verse

Currencies / Bitcoin May 02, 2018 - 08:29 AM GMT

By: Mark_Blair

Currencies

Remember when Bitcoin was anonymous?
Remember when ASICs were The Big Noo Thing?
Remember when it hadn’t occurred to us that (centralised) exchanges might pass our data to Tax Departments?


Here are some predictions:

as fast as I can type . . .

One: fiat currencies and the global economy will decline in tandem, and that decline will be _the_ primary driver of crypto adoption among people themselves – Venezuela!

Two: we once theorized the notion of ‘intersecting planes,’ meaning that each crypto is a single entity but the units of that currency could be at any one time on one of two intersecting ‘planes’: light and dark. And the units could be passed from one plane to the other_. This is starting to make sense. So:

there will be _two_ crypto worlds (though Wall-Street crypto futures are likely to dominate price over time . . . ). One will be the use of cryptos as currencies/individuals trading and HODLing. The Government will call this ‘money laundering’ and other rude words.

The second will be Corporate Cryptos, which will be tax compliant and seamlessly connected to Wall Street and The Blockchain Industry. But as noted above, units of cryptos will move from one plane to the other.

Three: the nations of the world will somewhat follow the pattern of ‘Two’; and us crypto geeks are gonna get a belly laugh out of it. Entities like the Eurozone and the United States will threaten Upper Zombongoland with sanctions or boots on the ground if the Zombongan Government allows people to do krazee stuff, like use cryptographic currencies AS currencies.

Four: Governments will place restrictions on the trading of dark cryptos and power-hungry cryptos and cryptos that were launched by devs who like cheese-and-tomato toasted sandwiches. Buying the dark/stealth-capable cryptos on the dip will be a great move; and we should, overall, almost _welcome_ these Government initiatives because these moves, against a background of increasingly apparent Government corruption and incompetence, will ultimately aid adoption.

Five: a major though interim distraction will be ‘e-fiats,’ the ‘cryptos’ issued by nations – rubbish like the Petro. These will eventually be understood as instruments of debasement, a part of the Government’s ‘long con.’

Six: watch closely the impact that _other_ instruments will have on the decay of the global-reserve-currency status of the U.S. dollar. The Chinese Petro Yuan comes immediately to mind. And SDRs. On the flip side, the eventual collapse of the Eurozone/Euro will be a boon for cryptos/a wake-up call for the world.

Seven: but DEX technology is our main interest here today. DEX-technology development is going to roughly divide all existing cryptos into three classes:

A: the 2.0-crypto class – ETH and BTS, etc.

B: the LN-atomic-swap-capable cryptos, like GRS and Litecoin.

But I’ve already seen a prediction that the DEXes of classes A and B will eventually be merged. And the reason I decided to write this article is that I was sooooo ignorant of how influential DEX technology is going to be. The essence, campers, will be the creation, though technologies like ‘liquidity aggregation,’ of a network of DEXes with a total liquidity beyond our present imagination. It’ll make Binance and Bitstamp look like grains of sand on a beach, and it will be well and truly capable of outflanking Governments attempts to stymie it.

C: all the cryptos that lack the technology to connect to the developing DEX-verse. They may still thrive if they tailor their development strategies to their situations.

Mark Blair had a more-than-three-decade background in revolutionist political theory and activism before shifting to cryptos in 2013. His choices? Groestlcoin. XMR. And a quirky little project: 42-coin. You can find Mark on the GRS Telegram channel.

Copyright © 2018 Mark Blair - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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