/biz/ - Business & Finance

>>11454044
Progresses and releases in the Rush implementation.

Those of you that think crypto has a future and you didn’t miss out in 2017, here’s your reality check:

1. The fact that big financial institutions are talking about crypto is meaningless. Why? Any time new technology comes out businesses will always dedicate a small team to researching it and seeing if it can provide any benefits to them or their competitors.

2. The “trading desks” and exchanges being opened up by said institutions are also meaningless. These are quick cash grabs by them because crypto was providing huge returns and centralized exchanges like Binancd made a killing. If anything, the fact that large institutions are creating exchanges and not utilizing blockchain a for something other than speculation should be worrying.

3. Ten years later, blockchains still cant do anything but peer to peer currency. And there will be no scaling solution, ever. Even if one did come along, so what, nobody has found any utility for blockchains.