Megaphone
The market cap of cryptocurrencies is
about half a trillion, which is tiny com-
pared to other comparable asset classes,
but when it does mature, we can expect
significantly more stable prices, and
cryptocurrencies adopted as a depen-
dable mechanism of value storage and
exchange on par with fiat currencies.
Eventually, people will make the deci-
sion that they trust algorithmic techno-
logies more than human institutions.
Hyperinflation in Germany during the Weimar Republic
To continue onto applications of my
thesis, it is also immoral that my fa-
mily, among others, has to worry abo-
ut the government of India not en-
forcing the property rights entitling
us ownership of our own land, by di-
splaying fake deeds and re-written hi-
stories. Thus making land titles on the
blockchain, which provide an unalte-
rable history of ownership, powerful.
It is immoral that gigantic data centers
accumulate unfathomable amounts of
data about our daily lives without us
knowing, and then turn around and give
that data away to veiled organizations
destroying any privacy we think we may
have.
That is what makes self sovereignty of
our identity and data through distribu-
ted systems so societally transformati-
ve. This is just to illustrate the few most
palpable examples and the necessity
of looking towards projects that have
a real moral raison d’être behind them
when considering an investment. Tho-
se, and infrastructure level projects that
make Blockchain technologies more
mature and usable — be it through pri-
vacy, scalability, identity, or governan-
ce. These are the most likely to survi-
ve the in-coming market correction.