The problem there was that we never had the infrastructure for internet to do what we do with it now.
Just imagine, we watch tv and movies on internet. If you were to tell movie theaters that they would be disrupted by an internet company, they would have laughed at you.
Later, blockbuster argued that people wouldn’t switch to Netflix because people liked to interact with other customers in their shops… something to that effect. Then they went bankrupt, and it happened fast.
My point is that internet took so long because the speeds weren’t there. The infrastructure was the bottleneck. It took a while to build it.
We don’t have that restriction with crypto, the physical infrastructure is there. The only thing that’s missing is good, fast protocols and useful apps.
Software moves much faster than physical hardware. My guess is that people just underestimate that.
Software will eat the world and it will live on a blockchain, where it truly belongs (also where it’s cheapest to keep/maintain it).
I am super bearish on google, Facebook, amazon and Uber as they will have their lunch money taken by globally decentralized protocols. Value is likely to accrue to platforms like Cardano that will house useful apps.
I would give this tech maximum 5 years to reach a good saturation point…
All you need to participate in this new economy is Internet and a phone/computer. The cost of both is likely to go down significantly as companies increase global penetration rates in search of that marginal profit.
I look forward to a day when you just log on to a blockchain to work, without a boss, HR or a capped salary. It would be you and your clients with blockchain in between to facilitate your work and transactions.