1) What do you think about blockchain technology?
I become more interested the more that I learn about it. Blockchain has tons of great potential with future uses. Its not perfect, but it will improve a lot of gaps in current technology.
2) How long will be crypto-currency be around for?
Blockchain will be around for many years to come. I believe it is going to reshape the way business and politics are done.
Many cryptocurrencies will come and go, but the ones that create real life value will be around for the term.
3) How can I explain blockchain and crypto currency in simplest way?
Blockchain transactions are built through coding, verified and secured by peer to peer decentrilized computers and displayed publicly for everyone to see.
Cryptocurrency is built into the blockchain transaction, and carry a value established by the free market which can be purchased, sold, or traded just like other currencies.
2) Is blockchain the future of all industries?
Not all industries but certainly many industries.
For example, we will see massive disruptions across many different industries including.
Smart Cities, Smart Roads, Warehouse Inventory Tracking, Real Estate, Identity Services and many more.
5) Will cryptocurrencies survive state regulations?
Yes, cryptocurrencies will survive.
There are really only a couple ways a government can even try to stop it.
They can regulate exchanges to death or make it illegal. However, there are alternatives for both scenarios.
Zimbabwe just recently banned cryptos. Now the question is…how can they enforce it. Even if they shut down every piece of technology and every exchange, all an individual would have to do is write down there wallet key on a piece of paper and mail it to a trusted friend or family member in a country who accepts cryptos. Then they could take the code and complete a transaction on their behalf.
Not the most convenient method but just illustrates how difficult it would be for a country to actually shut down cryptos.
I become more interested the more that I learn about it. Blockchain has tons of great potential with future uses. Its not perfect, but it will improve a lot of gaps in current technology.
2) How long will be crypto-currency be around for?
Blockchain will be around for many years to come. I believe it is going to reshape the way business and politics are done.
Many cryptocurrencies will come and go, but the ones that create real life value will be around for the term.
3) How can I explain blockchain and crypto currency in simplest way?
Blockchain transactions are built through coding, verified and secured by peer to peer decentrilized computers and displayed publicly for everyone to see.
Cryptocurrency is built into the blockchain transaction, and carry a value established by the free market which can be purchased, sold, or traded just like other currencies.
2) Is blockchain the future of all industries?
Not all industries but certainly many industries.
For example, we will see massive disruptions across many different industries including.
Smart Cities, Smart Roads, Warehouse Inventory Tracking, Real Estate, Identity Services and many more.
5) Will cryptocurrencies survive state regulations?
Yes, cryptocurrencies will survive.
There are really only a couple ways a government can even try to stop it.
They can regulate exchanges to death or make it illegal. However, there are alternatives for both scenarios.
Zimbabwe just recently banned cryptos. Now the question is…how can they enforce it. Even if they shut down every piece of technology and every exchange, all an individual would have to do is write down there wallet key on a piece of paper and mail it to a trusted friend or family member in a country who accepts cryptos. Then they could take the code and complete a transaction on their behalf.
Not the most convenient method but just illustrates how difficult it would be for a country to actually shut down cryptos.