Re <<maybe play with cryptos but expect them to go to zero if the general market also zeros>>
I sat in on a meeting involving a blockchain company and a large / global financial services company, and am preparing to sit in on a meeting between a blockchain company and a 30B mkt cap N.American / UK on-line merchandising company.
The financial services company in a conservative sector is using Excel & E-mail, along with some in-house legacy software originating from the mid-80s, and is ahead of its peer competitors using 1970s technologies. The company is doing stuff with 10 staff what other companies are using 250. Both it and its competitors have scaling issues, because as they wish to grow, only smaller and lower margins would-be clients, and such cannot be touched unless existing technologies gutted, replaced with end-to-end blockchain freed from human intervention.
The merchandising company uses 2020 technology for its sector, but, again, cannot grow into Asia where competition fierce, margin thin, and should the company not step up, Asia competitors (just another on-line site with a logistics backend) shall cross the moat and breach the wall.
By the looks of things, and the feel of imperative during the meeting and pre-meeting, would say some utility crypto OUGHT to have a great future whereas many others ought to really just disappear
challenging environment for picking winners
not different from many other arena of combat |
