August 16, 2018By Robert Johnson
“The amount of sustainable usage of blockchain is very low. Although it exists, there are a lot of people giving value to cryptocurrencies, yet the amount of useful stuff happening is still much lower than the $200 billion market cap makes it seem. The main challenge for the industry as I see it is basically understanding how to bridge that gap and get to point where there is $200 billion in some sense of actual final value being generated.”Next up, Buterin discusses his vision for the future of cryptocurrency, exactly what he wants to see and the exact environment that he believes will allow the industry to flourish:
“I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash. Allowing people to use small amounts of cryptocurrency for everyday use is valuable within crypto, and also particularly for use cases of blockchain that go beyond crypto. Even non-financial blockchain use cases still require transaction fees. If we can reduce this friction with one trip to the convenience store, it would be simple to start using cryptocurrency.”See more for yourself, here. It does sound like Buterin believes that Bitcoin Cash will become the first adoptable cryptocurrency here. At the very least, it sounds like Bitcoin Cash is the one he is backing anyway. This notion of spending small amounts of cryptocurrency in normal shops and stores is the dream of many crypto adoption advocates, a dream that will only fall into place with the right regulations, therefore we do agree fully with what Buterin is saying here. Blockchain and crypto have a use case, though it’s full potential can’t be released until regulation helps it along.