What I Want from Crypto for Long Term?

What I Want from Crypto for Long Term?

By Novasky | DevPress | 7 Jun 2022


We all have different needs and the expectations from life. Same with the crypto investment. Some want to use it for retirement funds. Some want to use it for saving for their family. Some want to treat it as purely from the day trade type of the use case. Different folks, different strokes as they say. Life is lot different for each one of us and so is how we look at the crypto for our own use case.

Here's how I am looking at crypto for long term.

Smart Contracts in Everyday Life, Reducing Dependency on Govt Employees

We are currently seeing a lot of govt. specific work being ported to blockchain and also accessible to all. In near future we are going to be seeing employment data, life data and other various forms of data under the smart contracts. And so the crypto is going to be embed into the lives of many among us.

In near future this is definitely going to be a reality. A lot of smart contract specific thing we can't change but making use of it would help a lot in the governance and the overall work. I am sure this would also help us as an investor too. So we have to think of things from this perspective. Let's see where the future goes in this space.

Regulation Becomes Normal, if It can't be Removed

India, Japan, USA, Australia and many other nations have jumped into the regulation. And the taxes are going to be there. So apart from the control on those coins to ever become legal tender to replace national stablecoin. It is surely possible to see the regulation making it difficult for the decentralized projects to have complete control over govt. Sure the people in govt can get sold or killed, but govt. will try to have control on coins.

But that is as long as people choose to have the control. Once they realize that decentralized systems are better then that would surely push things towards the system that is much more controlled. I guess we have to see how the regulation would be making a lot of things normalized and we would not be as paranoid as we are in near future.

Crypto to Help Retirement and Healthcare

Not a lot of people in the crypto space are focusing on the health care as of now. I feel that govt can distribute the healthcare benefit through crypto lot easier. And some of the time retirement would also require the constant source of cashflow. If these two things are taken care of we are much on the safer sides.

I feel in near future crypto can solve some of the time retirement and also it can help with healthcare. I think if we ignore the universal basic income type of schemes. Instead of relying on the pharma lobbies of the insurance and the healthcare benefits, we can use the crypto for collective goods. So it's always a good idea if something on the decentralized sides to help with the healthcare.

I feel for now these are some of the things if sorted, I'd say the purpose of the crypto in everyday life for me and many others is fulfilled. I feel if you want something long term then investing into crypto makes sense now but times are changing and we have to wait and see how long crypto stays in dominant motion.

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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