Your Voice, Our Headlines

Download Folkspaper App with no Ads!

BULLETIN

A fast-growing newspaper curated by the online community.

"The Future of Cryptocurrencies"

  • tag_facesReaction
  • Tip Bones

The rise of cryptocurrencies is spreading a net of skepticism over the future of the dollar, and other traditional currencies. 


In this special edition of FolksPaper: Disrupting the Dollar, we analyze and forecast the impact of digital currencies on the future of money:


Lark Davies is New Zealand’s most famous crypto and Bitcoin celebrity. He grew up on a small organic farm, reading Mad magazine, and visualizing the possibilities of space travel.


Now recognized for his lucid, entertaining style, Crypto Lark consolidates his political science background, critical thinking skills, and bright sense of humor to produce content that explains blockchain solutions to the world.


During the interview, we discussed the future of cryptocurrencies, the current economic panorama, how the Bitcoin protocol is developing, interesting projects in the space, and the impact smart contracts will have on the cryptocurrency ecosystem in the near future.


You can watch the full interview below, available on YouTube.


Bitcoin and the crypto space:


We started our discussion by diving into the projects Lark currently supports.


In his opinion, although Bitcoin is commonly safe and robust, other contenders are also intending to precariously interrupt the space.


Given the trade-off between scalability and security, Crypto Lark mentioned something is keen on doing.


“ is bringing something new to space … with the new PoS system that will make the protocol even more scalable.”


I’m also quite interested to see how Proof-of-Stake will evolve in the ecosystem. I tend to agree with him that this new consensus algorithm will help with adoption.


However, ETH (Ethereum) is hardly the only coin he’s taken a keen interest in.


The road to adoption:


In terms of further cryptocurrency adoption, Lark immediately mentioned Binance.


“Binance has been a monumental force in the space. Binance has been a major trendsetter, with the Binance Chain and a massive ecosystem.”


Binance is indeed one of the major players in the space. For instance, it has enabled an array of new functionalities such as IEOs (Initial exchange offering) and margin trading – something users quite adore. Lark added why:


“IEOs (Initial exchange offerings) have been quite profitable for people in space.”


Story continues:


Of course, with great power comes great responsibility. We discussed the DeFi space since most exchanges are still quite centralized remember guys: not your keys, not your coins.


Non-custodial exchanges, such as Binance’s DEX, are a great first step towards a more decentralized future. Especially if we’re looking to promote the right sort of adoption.


Will cryptocurrencies be the future?


This exceedingly depends on how the world unfolds. For instance, will an economic recession work out, and impact the crypto space?


“Even though nobody wants to see an economic recession, that’s what’s most likely to happen in the near future,” Lark stated.


He added, however, that Bitcoin should benefit from such an outcome.


Another matter with the world economy currently is the ongoing trade wars amid the United States, China, and many other countries.


“The power of US dollars comes from violence. What has China been doing? China entered Africa and started developing other countries rather than going to war like the US.”


Could the USD lose its place as the standard global currency in the future? Who knows, but surely that can only be achieved if crypto takes over instead.


However, I did not want to end the interview on such a negative topic. We instead finished by discussing some other up-and-coming projects in the space.


We touched on the Basic Attention Token, Chainlink, and some other projects like Enjin and the impact of non-fungible tokens.


In Lark’s opinion, blockchain gaming will be key to future adoption.


“With the adoption of NFTs, gaming will be huge.”


I couldn’t agree more. Protocols like Enjin and Loom are definitely building the future. In fact, you can read more about pioneering blockchain games such as God's Unchained, CryptoKitties, and NBA TopShot in my interview with Dapper Labs founder Roham Gharegozlou.


Check out some more exclusive Coin Rivet interviews:


Roger Ver, Bitcoin Cash founder, and Bitcoin enthusiast


Jimmy Song, Bitcoin developer, and lecturer


Mati Greenspan, senior market analyst at eToro


Stefan Schmidt, Unibright CTO


Arthur Vayolian, Bitcoin Suisse CEO.


Comments

Loading...