It's time for investors, individuals, and legislators alike to get bullish on distributed ledgers. As things pan out it is likely that most everything in the future will be inescapably tied to our identities. We are already headed in that direction. This technology exists now and is being implemented on smartphones as a standard. There is no obvious reason why this trend would stop. That means there is no reason why it's not going to get adopted and improved. We the people of the world need to hold on to as much power as possible, even in this supposed decentralized future. If not, the tech behind Bitcoin and all the other cryptocurrencies will be utilized by systems currently in power to create a dystopian nightmare that would worry Orwell and Huxley.
However, if invested in and developed properly, there could still be a brighter future for these utility coins. The market of the future has room for hundreds or thousands of projects/tokens/coins. The demand will grow to a point where it matches the supply. Right now only 1% of the world has adopted Bitcoin in any way. Once that reaches above 50%, there will be more room for a bunch more coins. The technology of each project has not found a large application purpose yet but that general public adoption will come.
If done wrong, it is easy to foresee facilities recognition AI with access to NEO, ETH, and a dozen other possible future coins. As transactions by an individual reach dozens per day, the powers in place now will want to be snooping around gathering data in unfathomable quantities. As these problems emerge, the privacy coins will surge up the charts making millionaires in the process. Those projects cannot be corrupted, if only because the people will need to use that as leverage to keep the other projects honest.
Criminal and tax records are obvious use cases. The medical industry is another. Then comes a normal business like buying food or stopping at a restaurant. Direct deposit stretches the snooping reaching into employment, voting, political affiliations, and search history. A minority report type file is built on the most bold Bitcoin bandits. They are watches as they shop, all of it captured instantaneously and bundled into neat little packages to be used to keep us all in our places. The rest of the population will be programmed. There will be various viewing ads on walls of buildings targeting us as we walk by, changing depending on the individual/ledger read of the ad algorithm scanning. There will be ads in our cars. Falling short on your car note, listen to BAT ads on the way to work. There will be ads at gas pumps. No need to beg for a spare gallon anymore. Just watch 30 minutes of ads then get back on the road. There will be ads on grocery carts, Everything on record. Eventually, this will determine college admission job qualifications, interest rates on loans, insurance premiums, everything.
Unless we can continue to distribute the balance of power in the Bitcoin age a bit more equitably. The recent downtrend and rising GAS prices suggest we still need to tweak the system a bit more to get a more favorable result for the people and the future.
