2. Consumer Apps - projects like
Open Money are going to facilitate the integration of crypto into mainstream apps like games, dating apps and all sorts of mainstream software.
They have at least two hen-egg problems which afaics (after skimming their white paper) they have no solution for:
- Users of apps do not have the tokens and won't spend fiat to buy tokens when they can spend fiat directly in apps. Users have no incentive to go to Open Money's playstore.
- Existing blockchain technologies can't scale (or are whale controlled future political clusterfucks that will have a low ceiling of growth due to fighting over the power vacuum) and/or are fraught future securities regulation which could make the tokens illegal to spend.
Open Money may end up needing to collaborate with my project in order to reach their goals. They claim expertise in creating apps.