To: Triffin who wrote (501 ) 7/23/2017 8:57:56 AM From: Triffin Read Replies (1) | Respond to BC .. WORKING ON THE BLOCK CHAIN GANGWhat we have seen is a proliferation of tokenized payments networks .. Since 2009 over 1,000 tokenized payments networks have been created .. The value assigned by the marketplace to the various tokens is completely arbitrary .. Some factors affecting "value" include, utility, scarcity, "fairness" of initial distribution, "features" such as speed of the network, ability to "scale" transactions, ability and willingness of the initial "developer(s) to stay with the project, proof of work, proof of stake, etc etc etc .. Couple of problems before "mass" adoption can occur .. So far, the inability to create a secure "wallet" .. Inability to create secure "exchanges" .. Since the "software" behind these tokenized payments networks is "open source" There are no proprietary features to any of the +1,000 networks .. Any existing network can "adopt" any "new" feature that comes along .. There is zero barrier to entry for someone with cryptographic coding skills .. There are no where near the 1,000 properly funded competent development teams to manage and grow most of the tokenized payments networks already in existence .. Completely unregulated marketplace that thus far has attracted numerous scammers and outright fraudsters ( think Bulletin Board Stocks on steroids ) .. If adoption of "blockchain technology" is going to be the next big thing in Fintech .. Then Visa, Mastercard, multinational banks, and other major financial institutions will incorporate same into their existing payment networks without adding value to any of the existing tokenized payments networks .. The only "utility" other than the unregulated speculation/manipulation of the "tokens" is the ability to somewhat anonymously transfer "value" between multiple parties nearly instantaneously and at low cost ..
