The Blockchain Bubble Will Pop, What Next?
The biggest problem is that blockchains are inherently not scalable. That is more or less by design, but it limits the types of applications that can run on top of them.<p>I think a more likely outcome is that most types of payment infrastructure and settlement&#x2F;transaction layers move to blockchains and not actual applications. For example, it’s not too difficult to imagine the stock market switch to tokenized stocks to buy and trade shares of companies. Or perhaps deeds to property in the real estate world could be issued on top of a blockchain.<p>I think the real value is removing intermediaries and allowing people to control their own finances, shares, land, etc where you can cryptographically prove that you own it. Building a decentralized Uber that is slower and more difficult to use does not make much sense to me.<p>I think we will see these things develop. Remember TCP&#x2F;IP was developed in the 1970s so it took almost twenty years before HTTP came out, and another 5-10 years before people really started using it.