Hasegawa (pitcured below, right) wrote the following:
2017 : Speculation (ICOs)
2018 : PoC / Ecosystem build / Scaling solutions ( L2 #Plasma #OmiseGO/ L1 #Sharding #Casper ) / Interchain protocols
2019 : Real business adoption / UIUX focus tools / More Dapps
2019 to 2020 : thereum massively scale and used by gov. We will see huge difference between real adoptable protocol and toxic speculation project.
Now, while this may seem fairly incomprehensible at first glance, it’s actually a pretty accurate, if concise, description of 2017/2018 and his predictions, going forward, seem feasible.
2017 was, of course, the year of hype; crypto-mania swept the globe in a way that, just a few years earlier, only a handful of industry visionaries could have seen coming.
We saw Bitcoin, Ethereum, along with many altcoins experience incredible gains; indeed, its hard to believe that, in January of 2017, BTC was trading at a paltry $1,000 a pop.
The world’s number one cryptocurrency was to close in on $20,000 before the year was out and BTC was even anywhere the biggest success story, in terms of percentile growth.
Fortunes were being made and lost and made again left, right and centre during 2017 with many making insane gains from flipping ICOs (initial coin offerings).
Exciting times ahead...
Although this was, without a doubt, an exciting time and perhaps, to some degree, a rite of passage for any developing market, if Hasegawa’s post is to be believed, the future could be even more exciting in terms of real business adoption of blockchain technology.
Indeed, every ICO whitepaper you read talks of innovative platforms and ground breaking utilities but most are yet to be adopted by the masses.
In fact, it is highly possible that most people (ICO investors included!) still aren’t sure what blockchain technology really is or what it could be.
On the subject of the future of cryptocurrency, Vitalik Buterin, creator of Ethereum, had the following to say: “So total crypto-coin market cap just hit $0.5T today. But have we earned it?
“How many unbanked people have we banked? How much value is stored in smart contracts that actually do anything interesting?
“The answer to all of these questions is definitely not zero, and in some cases it’s quite significant. But not enough to say it’s $0.5T levels of significant. Not enough.”
Buterin has been advising OmiseGO since November of last year.